Juggernaut Valemax to Deliver Rotterdam Cargo
Iron ore carrier 'Berge Java', chartered by Vale, will discharge its cargo, for company customer ArcelorMittal, in the Port of Rotterdam. The Berge Jaya, chartered by Vale, is scheduled to berth at Rotterdam's EMO dry bulk terminal this week. This is the second voyage of the vessel, built by Chinese shipyard Bohai. The Valemax ship has a capacity to transport up to 400,000 tons of iron ore and allows for 35% less carbon emission per ton of ore transported compared to earlier generation ships. The Valemax vessels have regularly berthed at the European ports of Taranto and Rotterdam.
Cosco Delivers Italian ATB
Early in May the COSCO (Zhoushan) Shipyard will deliver one of two articulated tug barge units on order from their Italian customer Ilva Servizi Marittimi S.p.A. The Italian-flagged tug, named Corona Australe, is fitted with a three-point Matsui Corp coupling system. Designed by Shanghai Bestway Marine Engineering Design Co. Ltd, the 146 ft by 55 ft vessel is powered by a pair of 4080 kW Wartsila engines. Each engine will also drive a three-phase shaft generator. Additional electric needs on the vessel are met by two Cummins KTA19 powered 370 kW generator sets.
Capesize Index Jumps As Rates Rise
The Baltic Capesize Index jumped 39 points to 1,508 last week as caper rates continued to rise worldwide, brokers said. Ilva was reported to have fixed 130,000 tons iron ore Tubarao/Taranto for prompt loading at $8.65 basis pier 2, and also took Belmay to load 130,000 tons coal at Gladstone and Newcastle for Taranto pier 2 for end October at $12.70. The Baltic Freight Index (BFI) rose four points to 1,271 but the Baltic Panamax Index slipped three points to 1,229 and the Baltic Handy Index was unchanged at 940. Panamax rates were less steady than the capers, brokers said. Paxicon fixed Pasquale Della Gatta 75,400 dwt del U.S. Gulf mid Oct trip Kosichang at a weaker $10…
Baltic Indices Fall In Thin Pre-Holiday Trade
A lack of fresh chartering saw the Baltic indices under pressure, brokers said last week. The Baltic Dry Index (BDI) fell four points to 1,320, the Baltic Panamax Index also fell four points to 1,210, and the Baltic Capesize Index shed eight points to 1,824, while the Baltic Handy Index remained unchanged at 935. Grain business remained thin and was confinerd to the U.S. Gulf region with CAM fixing an unnamed vessel for 25,000 tons wheat to Algeria December 28/Jan 10 at $20, and Cargill who fixed 23,000/24,500 tons tons heavy grain Mississippi/Buenaventura prompt shipment at $15.25. The Baltic component rate for 54,000 tons heavy grain U.S. Gulf/Japan posted a modest gain for the first time in days, Thursday's fixing set at $20.050 against $20.007 on Wedneesday.
