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

Bulk Carrier Trends

CMM Takes Delivery of Damen PSV for Brazil

New supplier CMM Gravity to start on long-term contract with Petrobras. CMM has taken delivery of a Damen Platform Supply Vessel 3300. The 80-meter, 3,300t deadweight

China's Seizure of Japanese Ship has Pre-WWII Roots

It all began with a pre-World War II contract between China's then "ship king" and a Japanese company to lease two Chinese freighters. When the one-year lease was up in 1937,

Brazilian Soybeans Sold to China Bound for US

Two Brazilian soybean cargoes sold by Japan's Marubeni Corp that were initially sold to China have been switched to the United States, according to port and shipping data updated on Tuesday,

 
 
Maritime Contracts 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: 0.1124 sec (9 req/sec)