Fresh Chartering Lifts Outlook For Market

Friday, November 19, 1999
Sentiment was lifted in the dry cargo freight market last Tuesday by both an actual and potential fresh chartering inquiry from grain and coal charterers in particular, brokers said. Capesize activity was believed to have increased strongly, although few new fixtures had yet come to light. Panamax levels were thought to be generally steady, but reports from the Handy sector were again limited. The Baltic Dry Index (BDI) rose four points to 1,346, the Baltic Capesize Index firmed 10 points to 1,749, while the Baltic Panamax Index and Baltic Handy Index were both unchanged at 1,361 and 935 respectively. Grain: Reports circulated the freight market that 400,000 tons of grain was scheduled for shipment from France to Iran in December/January, six Panamax cargoes from the U.S. Gulf to Egypt December 6/20, and 500,000 tons from Nopac and Australia to Pakistan in December. Consequently, Panamax owners believed there was adequate business to maintain current market levels in the short-term. Two 1999-built vessels were booked with November delivery Continent, the 73,000 dwt Celerina for 4-6 months trading at $10,500 daily by unnamed charterers, and the ABT relet Alpha Future 72,000 dwt for 3-5 months trading at $10,800 daily to Pioneer, both with world-wide redelivery. - (Reuters)
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

NCSP Group Cargo Traffic Up 6% in Q1 2015

Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) reports that Group’s consolidated cargo turnover in Q1 2015 increased by 2 million tonnes or 6.

Liner Service Reliability Jumps to 64%

According to Drewry Supply Chain Advisors, liner shipping service reliability on the three East-West trades showed an aggregate on-time performance of 64% in March - a five-month high.

Baltic Index Perks up on Increased Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Thursday as rates for bigger vessels rose.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.0925 sec (11 req/sec)