Far East Holidays Cripple Shipbrokers' Forecasts

Wednesday, April 18, 2001
The panamax market is clouded by the prospect of Far Eastern holidays in less than two weeks, shipbrokers said on Wednesday.

Brokers are unwilling to give forecasts beyond April 29 - the start of Golden Week. "We made it through Easter unscathed, but Golden Week is a different matter. Every year we're shocked at the slack trade, it's like we forget how important the Far Eastern market is," a broker said.

Inquiry for Pacific basin panamaxes remained slow with modern tonnage hoping for $11,000 per day for North Pacific - Australia round voyages. Special positions, such as West Coast India, could get a premium for short trips, brokers said, citing the booking for the 1989 built Nemea. The Piraeus-based Goulandris Bros-controlled ship won $14,500 per day from Japanese charterers.

A 20001 built panamax was booked at $11,400 per day by Chinese charterers for a North Pacific round voyage, providing hope for further gains this week.

Norwegian brokers felt that the overall undertone for panamaxes remained firm short-term, even though Wednesday's freight activity was slower.

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

Bulk Carrier Trends

NewLead Takes Delivery of 3rd Eco-Type Bulker

NewLead Holdings Ltd.announced today that the "Newlead Castellano", a 2013-built dry-bulk eco-type Handysize vessel of 35,542 dwt, was delivered to NewLead's owned fleet on September 16, 2014.

Grounded Laker Refloated in Duluth

M/V Paul R. Tregurtha freed by The Great Lakes Towing Company after laker ran aground in Duluth M/V Paul R. Tregurtha was refloated by The Great Lakes Towing

India's Coal Imports Causing Port Congestion

Congestion at Paradip expected to ease in a week if rains stop; higher-than-usual congestion at some other ports too. Indian power and steel companies are importing

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators 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: 0.1175 sec (9 req/sec)