Atlantic Panamax Market Positive

Wednesday, January 24, 2001
Positive sentiment continued to support the Atlantic Panamax market supported, shipbrokers said on Wednesday. The Pacific sector was seen as calm, with any losses to Panamax freight rates seen as ‘marginal.’ As the Lunar New Year holiday continues in the Far East, the Atlantic sector remained generally upbeat, shipbrokers said. Freight rates for the sector continued to improve, and even the slight reductions on some Pacific panamax trades were not considered destructive to the overall market tone. "I would still say that it is an owners market rather than charterers market," one shipbroker said. Current market sentiment is in contrast to those who have voiced concern that the Atlantic would find it difficult to hold on to a gently upward trend throughout the holiday period. So far this week charterers and owners willing to do business have fixed both modern and older Panamaxes. The 1973-built 76,765 dwt Konkar Victory has been fixed for a four to six period charter at $7,500 daily. A 12-month charter for the 1998-built 74,043 dwt Panamax Cosmic Fortune has been noted at $11,100 daily. The freight rate for the 1995-built 73,044 dwt Abidin Pak scheduled for delivery Japan in early February for a north Pacific round voyage has been reported at $13,200 daily, with the level considered reasonable by shipbrokers. The older 1990-built and smaller 68,849 dwt Panamax Oceanic Explorer scheduled for delivery Japan at the end of January for a north Pacific round voyage managed to negotiate $12,750 daily, according to reports. – (Reuters)
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Are Megaships Game Changers?

Bragging rights for the world’s largest container ship have changed hands four times in as many months and keep on shifting again, says a report in the Bloomberg.

Stronger Panamaxes Boost Baltic Sea Freight Index

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, made minor gains on Thursday on higher rates for the panamax and smaller vessel segments.

MacGregor Wins Chinese Shipyard Order

MacGregor, part of Cargotec, has received an order from Wuhu Xinlian Shipyard in China for eight MacGregor dry bulk cement handling systems.   The fully automated

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Salvage Ship Electronics Ship Simulators 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: 0.0970 sec (10 req/sec)