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

Bulk Carrier Trends

Bulker Arrives to US on Her Maiden Voyage

The Port of Vancouver USA welcomed the Kypros Unity, commanded by Capt. Wilfredo F. Itable of Cyprus, on her maiden voyage Oct. 28. Capt. Itable and his 20-member

Vale CEO: Coal Deal Soon

Brazilian mining company Vale SA is close to making a "strategic" announcement concerning its coal unit, the company's chief executive Murilio Ferreira said on

Vale Financials Disappoint; Iron Ore Prices, Currency Cited

Brazil's Vale posted a surprise loss of $1.44 billion on Thursday, hurt by a fall in the price of iron ore, higher production costs and a weakening Brazilian currency.

Energy

Ensco plc Reports 3Q, 2014 Results

Ensco plc  today reported earnings per share from continuing operations of $1.93 in third quarter 2014, up 16% from $1.66 in third quarter 2013. Adjusted for a $0.

Fukushima Offshore Floating Wind Farm Update

A consortium has been participating in an experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry since March 2012.

Wärtsilä Propulsion Equipment for 2 Fishing Vessels

Two new 78 metre purser/trawler fishing vessels being designed and built at Karstensen Shipyard in Denmark will feature Wärtsilä's main propulsion and control equipment.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1394 sec (7 req/sec)