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

People & Company News

Newport News Shipbuilding Hosts Sen. Inhofe

Huntington Ingalls Industries (HII) today hosted Sen. James M. Inhofe, R-Okla., for a tour of the company's Newport News Shipbuilding division.   The senator,

Hempel CEO Jullien Plans Retirement

Pierre-Yves Jullien, CEO of Hempel A/S since 2005, has decided to retire after nearly 40 years in the Group. He will step down from his role as CEO on March 31, 2016 at the latest.

DNV GL Launches Singapore Service Center

DNV GL's new Singapore Service Center (SSC) will streamline customer support and enhance customers’ experiences by giving them a single point of contact for all operational issues.

Tanker Trends

MacGregor's Pusnes bow loading systems for Suezmax Tankers

MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters.

Tanker Lifts One Million Barrels of Crude at Hariga

A tanker left Libya's eastern oil port of Hariga after lifting one million barrels of crude, an oil official said on Thursday. No new tanker was expected in the next few days,

US Could Eliminate Energy Imports -EIA

EIA's AEO2015 projects that U.S. energy imports and exports come into balance, a first since the 1950s, because of continued oil and natural gas production growth

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 0.2109 sec (5 req/sec)