Modern Panamaxes Attract Top Dollar

Wednesday, February 14, 2001
While the dry bulk carrier market waits for increased opportunities arising from the eventual onset of spring, the Panamax sector continues to trade in a relatively steady manner. Modern Panamaxes continue to attract a premium over older ships with the 2000-built, 74,000-dwt Far Eastern Glory reported to have been booked at $12,600 daily for delivery Taiwan between February 18 and 25. The charter involves an Australian round voyage followed by redelivery in Japan. Meanwhile, the 1992-built, 69,310 dwt Far Eastern Express, while older and smaller, has been reported chartered for mid February delivery in Yokkaichi for a trip via north Pacific with redelivery scheduled off the Continent at $11,800 daily. Both rates were considered healthy. Brokers also noted the fixture of the 1976-built, 60,740-dwt Platitera, which has been chartered for prompt delivery in Shanghai to be followed by two laden legs via India with redelivery scheduled for Singapore-Japan range at $7,000 daily. This older Panamax has an extremely large cubic capacity, in the order of some 2.82 million cubic feet, in contrast to some of the newer Panamaxes which only have a cubic capacity of 3.1 million cubic feet. One such vessel is the 1985-built, 75,040 dwt Afros which was also reported fixed on Tuesday at $13,000 daily for a prompt north China delivery followed by a trip to South Japan -- a rate almost twice that of the 1976 built vessel. – (Reuters)
Maritime Reporter February 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Baltic Sea Freight Index Falls to Lowest Level Since 1986

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, spiralled downwards to its lowest level in nearly three

Pacifica Rolls Out New Container Vessel

Pacifica Shipping, New Zealand's coastal shipping company, is launching a new container vessel from March replacing a smaller vessel whose charter has ended, reports The Stuff.

Shipping Pollution Will Skyrocket -Study

International freight volumes will grow fourfold by 2050 while the average length of haul will increase by 12 percent over that time, trends that will cause a spike

Navy

Naval EXPO Coming to Washington

For the first time ever, the general public will be admitted free to the Naval Future Force Science and Technology EXPO general exhibit hall Feb. 4-5 where they

HII Acquires Engineering Solutions Division

Huntington Ingalls Industries (HII) has acquired the Engineering Solutions Division of The Columbia Group, a designer and builder of unmanned underwater vehicles

NASSCO to Christen Third MLP, Lewis B. Puller

Shipbuilder General Dynamics National Steel & Shipbuilding Co. – NASSCO – will christen the USNS Lewis B. Puller (MLP 3 AFSB) Saturday, February 7, 2015 in San Diego.

 
 
Maritime Security Naval Architecture Navigation Pipelines Port Authority Salvage Ship Electronics Ship Repair 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: 0.1188 sec (8 req/sec)