Time Charters Dominate Panamax Market

Monday, June 12, 2000
Time charters again dominated static Panamax shipping markets. "Rates in the Atlantic are steady though new enquiries in the South American region for shorter timecharters are seeing earnings top $11,000 per day," broker Clarksons said in a report. U.S. Gulf grain rates were also firming with a spot fixture reported at S17.75/18.00 a ton for 55,000 tons to Egypt at the end of June, up from $16.50 on the last done a week ago. The key Panamax U.S Gulf/Japan route continued to hover between $23.25 and $23.50 with a rating of $23.38. But most of the fixing reported on Monday was in the Far East. Two vessels were chartered at $11,250 for Asian voyages with redelivery in Europe with a third on the same rate but going in the opposite direction. Pacific coal rates have firmed on Japanese enquiry, Clarksons said, pushing earnings to $12,000 per day.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

All Ships’ Ballast Water Checked in Great Lakes Seaway

Great Lakes Seaway Ballast Water Working Group releases 2015 ballast water management report    The Great Lakes Ballast Water Working Group (BWWG) released its

US Corn, Wheat Supplies to Rise as Exports Wane

U.S. corn and wheat ending stocks will be higher than previously expected at the end of the marketing year due to cuts to already weak demand for U.S. supplies on the export market,

Great Lakes Shippers Set Top Priorities

North America’s largest mining, manufacturing and agricultural companies have helped identify four top priorities to improve the competitiveness of Great Lakes shipping,

Navy

Pentagon: Cut in LCS Ship Program 'Not an Indictment'

U.S. Deputy Defense Secretary Robert Work said the Pentagon's plan to truncate the Littoral Combat Ship program at 40 ships instead of 52 reflected budget pressures

Migrants Reaching Europe by Sea Soars 10-fold

Ten times as many migrants and refugees arrived in Europe by sea in the first six weeks of the year as in the same period of 2015, and the number of deaths also soared,

Australia Submarines: It is Japan vs. France

While Japan is confident it has proven itself the best contender to build Australia's new submarines, the French have moved to undermine Japan’s bid to build the navy’s new submarines.

 
 
Maritime Contracts Maritime Security Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.0767 sec (13 req/sec)