Panamax Rates Firmer

Wednesday, March 14, 2001
Panamax freight rates in the Atlantic were firmer March 13 and may edge up further due to a seasonal boost, brokers said. They said the market was seeing steady increases and that fixtures for Panamax voyage charters had risen slightly with the timecharter sector looking better. However, the Capesize freight rate declined and has made some cautious about the sector. Brokers said the 1990-built 69,306 dwt Ispat Umang had attracted a healthy rate of $11,400 daily for prompt delivery Ghent, followed by a trip via the U.S. Gulf and redelivery scheduled for the Far East. The 1984-built 69,041 dwt Ariana was due for delivery Gibraltar earlier in the week, having been charted for an east coast of South America round voyage with redelivery set for the Continent at $9,500 daily. The same rate was reported for the charter of the 1994-built 70,337 dwt Hanjin New Orleans. The ship was scheduled for delivery in Japan in early April for between four and six months trading, they said. — (Reuters)
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

Two Navy Contracts for GD Bath Iron Works

Included in the latest listing of contracts awarded by the US Department of Defense, Navy, are two contracts with General Dynamics Bath Iron Works, Bath, Maine.

Fred. Olsen Rig Upgrade Delayed; Costs Eyed

Rig to cost $195 mln to upgrade vs earlier $125 mln; upgrade to be completed in June vs earlier view April. Firm's down 5.6 percent. Norwegian rig firm Fred.

Grounded Navy Ship Repaired, Returns to Fleet

The Oliver Hazard Perry-class frigate USS Taylor (FFG 50), homeported in Mayport, Fla., successfully completed post-repair sea trials, April 21, the U.S. Navy reported.

Finance

UK Subsidises 8 Renewable Energy Contracts

The British government on Wednesday awarded investment contracts under a new subsidy regime to eight renewable energy projects, including five offshore wind farms and three biomass plants.

Two Navy Contracts for GD Bath Iron Works

Included in the latest listing of contracts awarded by the US Department of Defense, Navy, are two contracts with General Dynamics Bath Iron Works, Bath, Maine.

NIS Q1 Net Profit Up 18 %

Serbian oil company NIS , majority owned by Gazprom Neft, reported an 18 percent rise in net profit in the first quarter of 2014 on higher sales and improved production efficiency.

 
 
Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Electronics Ship Repair 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: 0.0965 sec (10 req/sec)