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

Offshore

Kongsberg Contracted to Support FLNG Conversion

Kongsberg Maritime secures position in the LNG market with electrical and automation contract for Golar Hilli FLNG   Keppel Shipyard in Singapore and Black & Veatch in the U.

Statoil Awarded Licenses Offshore Nicaragua

Statoil informs it was today awarded four licenses offshore the Nicaraguan Pacific, covering an area of about 16,000 km2 in the largely unexplored Sandino Basin.

Mexico Removes Bid Limit on Shallow Water Oil Tenders

Mexico's oil regulator voted on Friday to relax previously established rules on bidding terms and contracts that form the first step in an historic sector opening

Bulk Carrier Trends

Wage Row Between Argentine Crushers, Companies Reaches Crunch Point

Pressure grew on Friday for a resolution to wage talks between exporters and striking crushers in Argentina's Rosario grains hub, with another powerful union threatening

Vale to Ship Coal Along Mozambique Nacala Corridor

Brazilian miner Vale SA  plans to start exporting coal along the Nacala rail and port corridor in Mozambique and Malawi in the third quarter after heavy rains damaged the rail line,

Q88 LLC Opens Office in London

Q88 LLC has opened a new office in London. Located in Soho, the cultural center of London's West End district, the office will serve as a hub for business development and client relations.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.1244 sec (8 req/sec)