Brazilian Panamax Holds Steady

Friday, April 20, 2001
Brazilian panamax liftings were supporting an already firm Atlantic market, brokers said on Thursday.

Earnings for modern Atlantic tonnage had hit the $13,000 a day barrier and were expected to climb further in Friday's trading.

Cargill took a 1994-built panamax for an East Coast South America round voyage, redelivery Skaw to Passero range, on a prompt booking at $13,000 a day.

"The Atlantic (market) is fairly steady, it's not going through the roof, but I think it's fair to say that it is buoyant," said one broker.

A dearth of prompt quality tonnage would support further gains in the Atlantic, he added. Brokers were less confident about the outlook for the Pacific panamax trades, with one commenting that the Pacific was effectively dragging down the positive Atlantic trade - a sentiment that was mirrored in the Baltic Exchange panamax index, which barely moved on Thursday.

"It's not a complete disaster, it's just that the strong Atlantic trades are emphasizing the weaker Pacific panamaxes," a broker said.

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Great Lakes Coal Trade Slows in November

Coal shipments on the Great Lakes totaled 2.6 million tons in November, a decrease of 3 percent from a year ago, as shipments were affected by weather-related delays,

Bulker Chief Engineer Convicted of Environmental Crimes

A chief engineer from the M/V Trident Navigator was convicted by a federal jury in New Orleans late yesterday after a week-long trial, of knowingly falsifying the

Wrecked Bulker’s Bow Refloated, Scuttled off S.Africa

TITAN Salvage, Crowley Maritime Corp.'s Houston-based marine salvage, emergency response and wreck removal company, has refloated and scuttled the largest section of the wrecked bulk carrier, Smart.

 
 
Maritime Contracts Maritime Security Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.1169 sec (9 req/sec)