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 September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Scrap Metal Exporter Pens Terminal Agreement

Port Canaveral Scrap Terminal LLC (PCST), a bulk ferrous scrap exporter, has signed a lease with the Canaveral Port Authority to operate a terminal in the north cargo area at Port Canaveral.

US Rail Jams Force Rush to Roads and Rivers

U.S. coal-burning power utilities are being forced to turn to barges and more expensive trucks to move coal, desperate to shore up stockpiles left dangerously low

Latest Ocean-Going Shipbuilding Orders

Clarkson Hellas notes in its latest 'S&P Weekly Bulletin' shipbuilding orders placed in the dry bulk, tankship, gas carrier and containership sectors, as follows: Dry

Navy

RIMPAC Exercise Puts LCS Through Paces

It was the middle of May, and the littoral combat ship Independence was operating out of San Diego, testing components of the mine warfare mission package. The mission is one that,

DoD Award Dredging, Ship Maintenance, Charter Contracts

US Department of Defense informs of placement of contracts for Chesapeake Bay dredging, dry-docking of USS Pearl Harbor, and charter of surface escort vessels. Details as follows: 1.

General Dynamics Delivers North Dakota (SSN-784) to U.S. Navy

General Dynamics Electric Boat yestereday delivered the nuclear-powered attack submarine North Dakota (SSN-784) on time and more than $30 million below target cost.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Port Authority Ship Repair Ship Simulators 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: 0.0836 sec (12 req/sec)