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 July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Mozambique Port Accident Deals Blow to Vale Coal Project

A coal stacker has collapsed at the Mozambique port of Nacala, dealing a blow to Brazilian miner Vale's effort to start coal shipments from the African nation in the third quarter,

Georgia Ports Score Record Cargo Numbers

The Georgia Ports Authority moved a record 3.66 million twenty-foot equivalent container units in Fiscal Year 2015, an increase of more than half a million TEUs.

Vale Coal Stacker Collapses at Mozambique Port

A coal stacker has collapsed at the Mozambique port of Nacala, dealing a blow to Brazilian miner Vale, which is aiming to start coal shipments in the third quarter of this year,

Navy

Wrecked 'Russian submarine' found in Swedish waters

A wrecked mini-submarine was found last week in waters off of Sweden’s eastern coast.   Authorities believe it is a Russian model, primarily because of Cyrillic letters on the hull.

Chinese Navy Plays Down S. China Sea Exercises

The Chinese navy played down recent military drills in the South China Sea and criticised other countries for "illegally" occupying islands in the area, the

U.S. 3rd Fleet Shifts Command

Vice Adm. Nora Tyson relieved Vice Adm. Kenny Floyd as commander, U.S. 3rd Fleet during a change of command and retirement ceremony held on Nimitz-class aircraft

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.0815 sec (12 req/sec)