Atlantic Market Freight Rates Fall Steadily

Monday, July 09, 2001
Freight rates continue to fall in the Atlantic market as fresh grain enquiry failed to compensate a slowdown in demand, shipbrokers said on Monday. Brokers reported the chartering of the 1996-built Atalanta, of 73,301 dwt, for a Brazil to Iran voyage.

The ship will load 60,000 tons of maize between July 18 and 25, with a freight rate of $19.80 per ton.

In the timecharter market, the 2001-built, 76,397 dwt, Mega Wisdom had been chartered for July 6 to 12 North Japan delivery for a three to five months trading period at a daily rate of $10,500, brokers said.

In June, rates were quoted between $9,900-$9,750 daily for early July delivery.

Traders also said the Louis Dreyfus grain trader had chartered the 2001 built 74,766 dwt Angelic Grace for July 15 to 25 Recalada delivery. The ship will load grain in the river Plate area and eventually head for the Far East at a rate of $10,300 daily plus a $230,000 ballast bonus.

Shipbrokers also reported that the 1998-built, 74,744 dwt Samjohn Amity had been chartered for July 17-20 Santos delivery followed by a trip to China at a daily rate of $10,500 plus a $230,000 ballast bonus.

Maritime Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

MOL Merges Group Companies; Upgrades Bridge Simulator

MOL adds DPS and enhances safe operation by integrating expertise through merger Mitsui O.S.K. Lines, Ltd. (MOL) announced the merger of MOL Marine Consulting, Ltd.

Swire Pacific Acquires 3rd L Class PSV

Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming and delivery of its third L Class PSV vessel, Pacific Legend in Kyoto,

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

Bulk Carrier Trends

Chinese Manufacturing Expansion Affects Shipping Demand

The expansion of the Chinese Manufacturing Industry continued in September at unchanged pace as compared to the month before, BIMCO reports. The manufacturing industry

'Flag Zannis' Delivered

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd ("COSCO Dalian"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

New Portal Crane for Schwedenkai Intermodal Handling

Port of Kiel invests in hinterland rail links. A new portal crane has arrived at Kiel’s Schwedenkai Intermodal Terminal, meaning that trains involved in rail-ship

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Salvage Ship Electronics Ship Repair Ship Simulators Sonar Winch
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: 0.2213 sec (5 req/sec)