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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Zamakona Yards Delivers Tuna Freezer Vessel

Zamakona Yards yesterday celebrated in Getxo (Bizkaia) the delivery of the tuna freezer vessel LJUBICA, their latest construction to the owner group Jadran based in Ecuador and Panamá.

Pentair Reports 3Q 2014 Sales of $1.8 bi

Pentair plc today announced third quarter 2014 sales of $1.8 billion. Sales were up 3 percent compared to sales for the same period last year. Third quarter 2014

FortisBC Starts Expansion of Tilbury LNG Facility

FortisBC – a subsidiary of Fortis Inc. has officially started construction of its $400 million Tilbury LNG Facility expansion project today. The company is adding 1.

Tanker Trends

Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have

Singapore’s MPA Discuss LNG Bunkering

The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG)

New Standard for LNG Cargo Containment Systems

Wilhelmsen Technical Solutions (WTS) said it has successfully completing the gas trial for the first LNG carrier built to a Boil Off Rate (BOR) of 0.08% per day.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Ship Repair Shipbuilding / Vessel Construction 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: 0.1345 sec (7 req/sec)