Capesize (Atlantic and Pacific)
The Capesize market was once again was under pressure with more evident signs of weakness in Atlantic. Because of the lack of cargoes for TransAtlantic round, owners with ships open in Continent were forced to shift their attention to Fronthaul cargoes, competing sometimes with ballasters from East. As result rates for TransaAtlantic settled in the low $5,000 and Brazil/China closed the week under $18. In Pacific the West Australia/China voyage was stable at around $7 and from South Africa (Richards Bay) to Fangcheng $11 were seen.
Panamax (Atlantic and Pacific)
The market softened gradually after peaking last week. In Atlantic spot/prompt candidates were still scarce, but the increasing number of forward vessels curbed charterers' enthusiasm to conclude a deal within this week. Owners could only expect very low $10,000 daily for a single transatlantic trip or $11,000 to $11,500 daily for 2 laden legs. Fronthaul biz, trading from South American slowed down as grain cargoes became relatively limited and vessels from East were fixed at around $15,000 daily plus $500,000 bb. USG grain business still had some premium, but rates fell as well compared to last week. Pacific cargoes were limited and rates for Indonesia round were hovered at about $8,000 - $8,500 daily and those for Nopac round were done at similar levels. More owners in the NoPac were willing to ballast to USG due to a few Nopac/East Australia cargoes redel FarEast. Short period rates turned down as well with the spot market and were talked at about very low $9,000 daily for 3/5mos by the end of the week.
Handy (Far East/Pacific)
The market in the Pacific basin was not very active with the usual Supramax's coal stems out of Indonesia to India fixed between $8/9,000 daily basis delivery SE Asia/S. China range. Some fixtures have been reported for NoPac RV with wheat out of US West Coast to Singapore/Japan range at rates around $9,000 for Supramaxes basis delivery North China. On the Handysize market there were interest on period some charterers, like MUR, who fixed the 35,000 dwt Thomas C for 4/6 mos redel ww at $8000.
Handy (North Europe/Mediterranean)
The activity in Continent and Mediterranean Sea was extremely quiet. Just one fixture was reported for a trip with scrap on a 56,000 tonner basis delivery Continent at $23,000 redel Turkey.
Handy (USA/N.Atlantic/Lakes/S.America)
The most active market during last week with a lot of activity reported from ECSA. Most of the fixtures were for Supramaxes out of ECSA for TCT to Singapore/Japan or Mediterranean Sea with either sugar or grains in particular from Argentina.
Handy (Indian Ocean/South Africa)
S.Africa/Indian Ocean market was softer this week with just one fixture reported for a Supramax fixed bss dely Kandla for a trip with minerals to Spore-Jpn rge. No fixture were reported so far from South Africa although there were in the market some cargoes from Richards Bay to Spore-Jpn with mangore and some mineral sand cargoes to USG.
Banchero Costa and Co Spa
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