Atlantic Rates Set To Move Higher

Thursday, March 15, 2001
Panamax fixtures for end-March loading dates supported forecasts that Atlantic rates are set to move higher, shipbrokers said. But although the Capesize move to higher ground removed resistance against a prolonged Panamax uptrend, spreading foot- and-mouth disease is threatening to dampen dry bulk spring bullishness, they added. They said that reports that the disease in Britain and France may affect European grain exports was disturbing. However on Thursday Tunisia and Morocco, two major importers, contradicted earlier statements and said they were not banning grain imports from Europe due to concern over foot-and-mouth infection. Panamax fixtures suggest a confident market, shipbrokers said. The reported charter by Tradigrain of a Panamax to ship 55,000 tons of heavy grain from Galveston to Egypt at $15.50 a ton, is stronger than the market expected. The ship is due to be loaded end-March and the rate is much higher than the expected $14, shipbrokers said. South American business was seen in the charter of the 2000 built 74,381 dwt Pacemperor which was fixed for delivery Passero for a trip via river Plate at $11,750 daily. Redelivery is scheduled for the Far East. A steady rate was paid for the 1994 built 73,205 dwt Thalassini Tyhi which is due for delivery in Valencia end-March for an Atlantic round voyage with redelivery in the Gibraltar-Skaw range at $11,500 daily.

Maritime Today


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

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

Bulk Carrier Trends

Baltic Index Down for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday for the third straight session, as demand for bigger vessels weakened.

Lerwick Harbor sees Seasonal Boost

The opening of the offshore season in northern waters has seen specialist oil industry vessels return to Lerwick Harbor during April to support subsea development projects.

India's Highest non-coking coal discharge at Gangavaram Port

Gangavaram Port, the deepest and the most modern port in the country, has created yet another historical milestone record by discharging 1,56,339 metric tons of Non-Coking Coal from the vessel M.

Energy

Wind-powered Oil Recovery Project Green-lighted

The DNV GL-led WIN WIN Joint Industry Project (JIP), which melds offshore wind with offshore oil and gas, shows that for suitable fields,finds that  wind-powered

Keppel Acquires LeTourneau

Keppel Offshore & Marine (Keppel O&M), through its wholly owned subsidiary, Keppel Offshore & Marine USA, Inc., has completed the acquisition of Cameron International

TOTE LNG Bunker Barge : Crew Training Program

GTT subsidiaries, GTT North America, Inc. and GTT Training Ltd, announce the award of the first contract of its kind for the development and implementation of a

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Salvage Ship Repair 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: 0.0659 sec (15 req/sec)