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 Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Norwegian Car Carriers to Buy Two from Hyundai Samho

Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

The German Shipbuilding Rebound

German shipbuilding has made a significant turnaround. The country’s shipbuilding industry has seen increases in the number of employees, orders and deliveries compared to 2013,

Algoma Central Orders New Great Lakes Ships

Algoma Central Corporation announces $160 million investment in fleet expansion and fleet renewal   Algoma Central Corporation announced that it has acquired

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Port Authority Ship Repair Ship Simulators Sonar 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: 0.1260 sec (8 req/sec)