Dry Bulk Rates Drop

Friday, July 27, 2001
The Baltic Panamax Index tumbled further on Thursday, with falls reported for the latest benchmark Panamax grain rates, brokers said. Brokers said a U.S. Gulf-to-Japan fixture had been chartered to load 54,000 tons of heavy grains in early to mid-September at a rate of $18.75 per ton based on no combination discharge ports. Earlier fixtures had indicated a weakening market, but the latest benchmark Panamax grain rate was considerably lower than previous reports, they said. In comparison, a charter for the benchmark grain route was reported in mid-July at a rate of $19.50 per ton for early- to mid-September loading. Brokers also reported a Panamax for a North Pacific-to-Taiwan run, with grain house Louis Dreyfus agreeing a freight rate of $11.60 per ton for a 56,000 ton heavy grains cargo due to load in mid-August,. On the timecharter front, the fixture of the 2001-built 76,300 dwt CIC Piraeus for mid-August South Australia delivery followed by a trip to Egypt at a daily rate of $7,500 plus a $140,000 ballast bonus was reported. Grain shipments from the River Plate were at a slower pace, they said. Brokers said the 1997-built 73,049 dwt Hawthorn had been booked for mid-August delivery followed by a trip to the Far East. Bunge was reported to have paid $8,500 daily plus a $175,000 ballast bonus for the charter. - (Reuters)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Berthing Policy for Dry Bulk Cargo for Indian Ports Unveiled

Ministry of Shipping has formulated a new Berthing Policy for Dry Bulk Cargo for all Major Ports which will come into effect from 20th August, 2016. The objective

RS Rules Conform to the IMO Goal-based Standards

The rules of the Russian Maritime Register of Shipping are in conformity to the International Maritime Organization (IMO)goal-based standards (GBS), the IMO’s Maritime

Baltic Index up for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, for a third straight session, on rising demand across all vessel segments.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0659 sec (15 req/sec)