Capers Continue Firm, Uncertainty Rules Panamaxes

Friday, December 17, 1999
Conditions for Capesize vessels remained firm on Dec. 10, especially in the Atlantic, but uncertainty ruled the Panamax sector as owners sought to cover their vessels in advance of impending holidays, brokers said. Lower rates were reported in the Atlantic and the Pacific, but brokers said the Indian Ocean and South African sectors stayed firm. The Baltic Dry Index (BDI) rose four points to 1,360, the Baltic Panamax Index was unchanged at 1,277, the Baltic Capesize Index gained 14 points to 1,895 and the Baltic Handy Index fell two to 917. Grain: Weaker rates for modern Panamaxes were reported in the Atlantic, brokers said. Cargill fixed the 1996-built Eleni 73,000 dwt delivery Continent prompt for a transatlantic round voyage at a modest $8,750 daily. Some brokers believed the Panamax sector in Brazil and Argentina would become stronger but that this had yet to be reflected in reported fixtures. Ledra 64,000 dwt was said to have been fixed by Andre delivery Plate end December for a trip to Skaw/Cape Passero at a modest $7,400 daily plus $140,000 ballast bonus. The U.S. Gulf sector was quiet and brokers were awaiting fixtures to Egypt to give further guidance about market direction. In the Far East Dreyfus was believed to have fixed 54,000 tons heavy grain north Pacific to Japan for early January on subjects at an easier $13.80. Minerals: Cargill fixed Ken Kon for 140,000 tons iron ore from Brazil to Fos at a stronger $6.95, and Coeclerici was thought to have fixed 140,000 tons coal from Richards Bay to Rotterdam for first half January shipment at a firmer $9. However, Panamax rates fell in the Atlantic with Daphne fixed by Navios for 54,000 tons bauxite from Kamsar to Aughinish for early January at $6, and Noble booked the 1997-built Navios Minerva 69,600 dwt delivery Japan mid December for a north Pacific round voyage at a significantly lower $9,300 daily. - (Reuters)
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Missing Person Rescued Near Brackettville

On July 31, Border Patrol Search Trauma and Rescue (BORSTAR) agents and CBP Office of Air and Marine rescued a man who was reported missing the previous morning.

Ross is Fleet Manager, Heidmar

Heidmar announced the promotion of Duncan Ross to Fleet Manager. Duncan joined Heidmar’s London office in 2012 as vessel manager.  Prior to joining Heidmar,

LR First to Certify Small Caribbean Ships

LR is the first class society to certify small commercial ships operating in the Caribbean After becoming the first classification society to issue Cargo

Bulk Carrier Trends

Diana Shipping Nets 2Q Loss

Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

Shanghai 6th Best Shipping Center Globally

Shanghai has moved up the rankings of the world’s top shipping centers to sixth place, surpassing Dubai thanks to Free Trade Zone regulations and the Belt and Road Initiative,

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction
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: 0.2421 sec (4 req/sec)