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

Shipbuilding

Deep Sea Supply takes Delivery of 'Sea Triumph'

The Deep Sea Supply  took delivery of the newbuilding Platform Supply Vessel 'Sea Triumph'  on Thursday 18 September.  The vessels 'Sea Triumph' is a STX 05-L

Lilaas Engages Imtra for N. American Distribution

Strong prospects in the North American marine equipment market have triggered a new importation and distribution agreement between control specialist Lilaas

Ingram Barge Order 20 Tank Barges for 2015

Ingram Barge Company say they will be building 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank barges have come through acquisitions,

Bulk Carrier Trends

Second Sailing Added to Cleveland-Europe Express

The Port of Cleveland and Amsterdam-based Spliethoff Group announced today their mutual intent to add a second monthly vessel to the Cleveland-Europe Express (CEE),

Ferus Smit Building LNG Powered Cement Carrier

The first unique LNG powered ship that Ferus Smit has on order for Erik Thun A.B. will be built and equipped as a dedicated cement carrier. The ship will be delivered to the joint venture JT cement,

Scorpio Bulkers Upsizes Public Offering

Scorpio Bulkers Inc. announced today that it has further upsized and priced its previously announced offering of senior unsecured notes due 2019 in a registered public offering.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1425 sec (7 req/sec)