Time charters again dominated static Panamax shipping markets. "Rates in the Atlantic are steady though new enquiries in the South American region for shorter timecharters are seeing earnings top $11,000 per day," broker Clarksons said in a report.
U.S. Gulf grain rates were also firming with a spot fixture reported at S17.75/18.00 a ton for 55,000 tons to Egypt
at the end of June, up from $16.50 on the last done a week ago. The key Panamax U.S Gulf/Japan route
continued to hover between $23.25 and $23.50 with a rating of $23.38.
But most of the fixing reported on Monday was in the Far East
Two vessels were chartered at $11,250 for Asian voyages with redelivery in Europe with a third on the same rate but going in the opposite direction. Pacific coal rates have firmed on Japanese enquiry, Clarksons said, pushing earnings to $12,000 per day.