Dry Cargo Freight Market Starts Week Off Slowly

Friday, December 10, 1999
The dry cargo freight market got off to its customary slow start last week with few fresh identifiable trends, brokers said. Capesize activity was limited, and there was a possibility that rates might decline in the short-term, while Panamax conditions were generally quiet, they added. Sugar and grain charterers were more active in the Handysize sector from Brazil and Argentina but details of fixtures were slow to emerge. Grain: Apart from Andre's fixture of the 1981-built Pretty Lady for 50,000/5 tons wheat from the U.S. Gulf to Sri Lanka for mid December at $21.50 basis 5 days load/2,000 discharge, activity was negligible in this area for Panamaxes. Fixtures reported from South America were weaker, brokers said. Cargill booked Suzan S 65,716 dwt delivery spot Recalada for a trip to Skaw-Cape Passero range at $7,500 daily plus $175,000 ballast bonus, and Saroc fixed the 1980-built Ledra 61,900 dwt delivery Brazil prompt for 2 laden legs redelivery Mediterranean at $7,250 daily plus $140,000 ballast bonus. Bunge was thought to have fixed 1.5 million cubic feet grain from Brazil to France at the equivalent of $16.25. Dreyfus was believed to have fixed Koktebel for 25,000 tons pellets up river Plate/Ireland prompt at an unknown rate, and Cargill was thought to have covered 20,000 tons pellets up river Plate/Tunisia in the region of $25.75. It was also said that Cargill fixed 13,000 tons meals U.S. Gulf/Tunisia but that further details were withheld. - (Reuters)
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

MOL’s Coal Carrier for Tokyo Electric Power

Mitsui O.S.K. Lines, Ltd. today announced that the coal carrier Hakutaka, which will serve Tokyo Electric Power Company, Inc. was delivered at Mizushima Shipyard

Swire Pacific Offshore Acquires 2 Newbuildings

Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of two new vessels, Pacific Centurion, an Anchor Handling Tug Supply (AHTS) vessel,

Yachting Malta PPP Sets Sail

Yatching Malta Ltd (YML) - a new public private partnership (PPP) between the government and the Royal Malta Yacht Club (RMYC) was formed with the aim of putting Malta on "the global yachting map".

Bulk Carrier Trends

Cosco Bulk Shipping Losses Down in 2014

China Cosco said losses in its main dry bulk shipping business fell sharply in 2014 and its container shipping gross profit grew amid a still subdued global shipping market.

MOL’s Coal Carrier for Tokyo Electric Power

Mitsui O.S.K. Lines, Ltd. today announced that the coal carrier Hakutaka, which will serve Tokyo Electric Power Company, Inc. was delivered at Mizushima Shipyard

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

 
 
Maritime Contracts Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Sonar 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: 0.9614 sec (1 req/sec)