Increased Rates in U.S. Gulf Drive Panamax Freight

Thursday, June 21, 2001
Panamax freight rates continued to rise, driven by increased rates in the U.S. Gulf and the stability of the South American market, brokers said on Thursday.

Fresh cargo orders in the Pacific also filtered in to the panamax market, they added.

The 2001-built 74,269 dwt Tian Tong Feng has been chartered for delivery in early to mid-July in the U.S. Gulf followed by a trip to Taiwan at a rate of $11,500 daily with a $230,000 ballast bonus, brokers said.

The 1999-built 73,880 dwt Carl Mesem was also fixed at a firm daily rate of $10,200 for a three- to five-month charter, while the 1995-built 73,350 dwt Doric Herald was charted at $11,300 daily.

The vessel is due for prompt Haldia delivery followed by a trip via the east coast of India and with redelivery set for China, brokers said. They also said the fixture of the 1997-built 71,372 dwt Eternal Wind for prompt Shekou delivery is booked on an Esperance round voyage at an approximate rate of $10,000 daily.

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

Bulk Carrier Trends

MES Delivers Bulk Carrier STH Athens

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 60,000 dwt type bulk carrier M.V. STH Athens (MES Hull No. 1898) at its Chiba Works on August 27,

Break Bulk in Rotterdam on the Way Up

The opening of a new break bulk terminal is one of the many developments and investments in the break bulk sector in the port of Rotterdam; a sector that has

Collaboration Helps Save 2 from Sinking Yacht

The U.S. Coast Guard, the Alpena Sheriff's Department and several good Samaritans are assisting two men aboard a 42-foot sailboat that began taking on water early

Energy

Tropical Storm Erika Heads for Florida

Tropical Storm Erika lashed Puerto Rico and the Virgin Islands with heavy rain and fierce winds on Friday, moving across the Caribbean and apparently heading for the Dominican Republic,

Eniram Expands Training Services, Onboard and Onshore

Eniram Ltd, a provider of energy management technology and analytic services to the shipping industry, today announced the addition of in-depth training services

Oil Steadies as Equities Rally

Recovering stock markets boost oil prices; U.S. crude on track for first weekly gain in nine weeks. Oil prices steadied on Friday after bouncing back from six-and-a-half-year

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion 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: 0.1865 sec (5 req/sec)