Panamax Sector Remains Positive

Thursday, March 01, 2001
The Panamax sector remains positive, although the prompt market is turning cautious, shipbrokers said. While freight rates and indices continue to show either gains or at least repeats of last done healthy levels, the early March market undertone is seen as slightly softer. In the Atlantic, shipbrokers report that so far there are no fixtures to support softer sentiment. Fixtures such as the charter of the 1997 built 73,606 dwt CSK Eminence booked for delivery Amsterdam in early March show a stable market. The ship has been fixed for two laden legs at a rate reported to be $11,500 daily. Meanwhile, cargo enquiry out of the U.S. Gulf is limited, although fixtures that have been reported show a steady market. The Panamax chartered to transport a 56,000 ton heavy grain cargo from the U.S. Gulf to Taiwan at a freight rate of $21.00 per ton reflects this. Loading is scheduled for between March 9 and 19. But softer freight rates are expected over the next couple of days for prompt cargoes. Panamax business generally is seen as slow, with market activity described as dull. London shipbrokers report that Panamax business in the Pacific is reasonable, although they struggle to retain freight rates for prompt business at last done levels. Also, there is limited demand from South Korean charterers, said shipbrokers. - (Reuters)
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification

FPSO Petrojarl Knarr Delivered to Norway

Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest

Tanker Trends

Ingram Barge Order 20 Tank Barges for 2015

Ingram Barge Company say they will be building 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank barges have come through acquisitions,

Finland Grants Support to Three Small LNG Terminals

The Finnish government granted 65.2 million euros (84.22 million US dollar) in subsidies to build three small liquefied natural gas (LNG) terminals to cut on use

Senator Says 2015 Could Be Time for US Oil Export Bill

The top supporter in the U.S. Congress for reversing the 40-year ban on crude oil exports, Senator Lisa Murkowski from Alaska, said next year could be the time for a bill on lifting the restriction.

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Sonar Winch
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: 0.2748 sec (4 req/sec)