Handy-size Bulk Carrier Market: Tonnage Shortage Pushes Up Rates

MarineLink.com
Tuesday, November 26, 2013
Image in public domain

The NCSA-USG area remains short of tonnage: a 34,000 dwt bulk ship is well-linked to US$ 15,000 daily for a short period of 3-5 months, reports BMTI in its latest 'Handy Bulk Market Viewpoint'.

Owners of a similar size of tonnage were seeing US$ 24,000 daily for a trip to Europe. A range of US$ 20,000 daily from NCSA via the USG to the Continent from owners of a 36,000 dwt was rebuffed by charterers as being too expensive.

From the NCSA, undisclosed charterers were chasing a 35,000dwt for short period at US$ 13,500, which was about US$ 2,000 short of the owner's ideas. If you want to fix a 60,000dwt from the USG to the East, be prepared to face US$33,000, say BMTI.

Perky activity in the East has resulted into some very decent fixtures for Handysize tonnage. A 35,000dwt has been taken for a quick Australian round voyage at US$13,500 daily with delivery in Indonesia.

From China to Southeast Asia, owners of a 28,000 dwt have been firing rates at charterers in the region of US$ 9,000 daily. Rice charterers are still far apart from owners' ideas for a 25,000mt cargo from Sacramento (200,000 disb) to Turkish Med. They started at US$ 55/mt, increased their ideas to US$ 62/mt, now talking US$ 65/mt whilst owners didn't budge a cent from their initial idea of US$ 72/mt. In the WCI-PG region, pressed for tonnage, a 55,000 dwt was bid US$ 17,000 for 15 days WCI-PG trading.

The Black Sea market is just about holding steady, but owners report on more complicated talks with charterers trying to fix lower levels. A 57,000 dwt is rumoured, say BMTI, as fixed at around US$ 20,000 daily to the East.

Covering Handysize cargoes to India remains a mammoth task for charterers who prefer to wait for the second half of December when many owners will start scrambling to cover their ships over the Christmas period and beyond and are expected to eventually offer acceptable compromises to charterers. Petcoke charterers are trading a vessel for 35,000 mt from South Spain to USG at around US$ 19/mt.

Excerpted from the latest BMTI Daily Report:  http://bmti-report.com/index.php?
 

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

People & Company News

RDS Wins Engineering and Design Contract for Sea Lion

Rig design and engineering specialist RDS has been awarded a front-end engineering design (FEED) contract by AMEC for Premier Oil’s Sea Lion development in the North Falklands Basin.

Rickmers-Linie Appoints Interliner Agencies

Hamburg based Rickmers-Linie has appointed Interliner Agencies as its new agent in South Central Europe. The agency contract covers Slovenia, Austria, Czech Republic,

Brent Crude Slips Towards US$102

Brent crude fell towards $102 a barrel on Tuesday on concerns of slowing oil demand growth due to weak economic recoveries in China and Europe, although new unrest

Contracts

RDS Wins Engineering and Design Contract for Sea Lion

Rig design and engineering specialist RDS has been awarded a front-end engineering design (FEED) contract by AMEC for Premier Oil’s Sea Lion development in the North Falklands Basin.

Rickmers-Linie Appoints Interliner Agencies

Hamburg based Rickmers-Linie has appointed Interliner Agencies as its new agent in South Central Europe. The agency contract covers Slovenia, Austria, Czech Republic,

Brent Crude Slips Towards US$102

Brent crude fell towards $102 a barrel on Tuesday on concerns of slowing oil demand growth due to weak economic recoveries in China and Europe, although new unrest

Bulk Carrier Trends

Rickmers-Linie Appoints Interliner Agencies

Hamburg based Rickmers-Linie has appointed Interliner Agencies as its new agent in South Central Europe. The agency contract covers Slovenia, Austria, Czech Republic,

Scrap Metal Exporter Pens Terminal Agreement

Port Canaveral Scrap Terminal LLC (PCST), a bulk ferrous scrap exporter, has signed a lease with the Canaveral Port Authority to operate a terminal in the north cargo area at Port Canaveral.

US Rail Jams Force Rush to Roads and Rivers

U.S. coal-burning power utilities are being forced to turn to barges and more expensive trucks to move coal, desperate to shore up stockpiles left dangerously low

Finance

Halliburton to Settle US Gulf Spill Claims for $1.1b

Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.

Joe Barton: Lift Oil Export Ban

A senior U.S. Congressman from Texas has come out in full support of the United States lifting the 40-year old ban on crude oil exports, putting him at odds with

Brent Crude Slips Towards US$102

Brent crude fell towards $102 a barrel on Tuesday on concerns of slowing oil demand growth due to weak economic recoveries in China and Europe, although new unrest

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Repair Sonar
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: 0.2949 sec (3 req/sec)