Time Charters Dominate Panamax Market

Monday, June 12, 2000
Time charters again dominated static Panamax shipping markets. "Rates in the Atlantic are steady though new enquiries in the South American region for shorter timecharters are seeing earnings top $11,000 per day," broker Clarksons said in a report. U.S. Gulf grain rates were also firming with a spot fixture reported at S17.75/18.00 a ton for 55,000 tons to Egypt at the end of June, up from $16.50 on the last done a week ago. The key Panamax U.S Gulf/Japan route continued to hover between $23.25 and $23.50 with a rating of $23.38. But most of the fixing reported on Monday was in the Far East. Two vessels were chartered at $11,250 for Asian voyages with redelivery in Europe with a third on the same rate but going in the opposite direction. Pacific coal rates have firmed on Japanese enquiry, Clarksons said, pushing earnings to $12,000 per day.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

BIMCO: BDI Conducts the Demolition Activity

The Baltic Dry Index (BDI) ’s positive effect on capacity being removed from the fleet did not continue into Q2 2016, as capesize demolition came to a halt. The

Lower Large Dry Bulk Rates drag Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday dragged down by lower demand for larger vessel segments.

Asia Dry Bulk-Capesize Rates Could Climb

More coal cargoes, rising oil prices could support rates. Freight rates for large capesize dry cargo ships on key Asian routes are likely to rise next week on

Navy

BWTS Refit for Netherlands Naval Vessels

The Defense Material Organization has awarded three contracts to Goltens Worldwide’s Green Technologies business unit for the engineering and turnkey installation

Seaspan Responds to Canada’s NSS Announcement

In response to the Government of Canada’s announcement of a series of enhancements to strengthen the National Shipbuilding Strategy, Seaspan Shipyards’ president

This Day In Naval History: May 26

1943 - USS Saury (SS 189) attacks a Japanese convoy south of Kyushu and sinks transport Kagi Maru, about 10 miles north of the Nansei Shoto. Also on this date,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair 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: 0.0695 sec (14 req/sec)