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 March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Court: Japan's Mitsui Paid to Release Ship

China Supreme Court says Mitsui pays about $29 mln; Ship released about 0030 GMT Thursday. Ship was seized over dispute dating back to 1930s. Advisor to plaintiffs says will likely demand more money.

CMM Takes Delivery of Damen PSV for Brazil

New supplier CMM Gravity to start on long-term contract with Petrobras. CMM has taken delivery of a Damen Platform Supply Vessel 3300. The 80-meter, 3,300t deadweight

China's Seizure of Japanese Ship has Pre-WWII Roots

It all began with a pre-World War II contract between China's then "ship king" and a Japanese company to lease two Chinese freighters. When the one-year lease was up in 1937,

Energy

U S closer to imposing more sanctions on Russia

U.S. Secretary of State John Kerry suggested on Thursday that the United States is drawing closer to imposing more sanctions onRussia by saying time was running

Gasoline Prices Up In Iran on Subsidies Cut

Gasoline prices in Iran leapt by up to 75 percent at midnight on Thursday, as state subsidies were cut, a risky move that President Hassan Rouhani hopes will

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.2085 sec (5 req/sec)