Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Baltic Handy News

01 Sep 2015

Bulk Carrier Ship Delivered to Pioneer Marine

Pioneer Marine, a shipowner and drybulk handysize transportation service provider, announced  it has accepted delivery of a 38,464 DWT Green Dolphin eco-design handysize vessel, the M.V. Falcon Bay. The new vessel, which was constructed at Yangzhou Guoyu Shipbuilding Co., Ltd, is Pioneer's first Green Dolphin eco-design handysize vessel. The ship's fuel consumption is about 6 tonnes per day lower than the non-eco design vessels. In addition to eco-friendly efficiencies, Pioneer's Green Dolphin newbuilding series are equipped with features which offer substantial commercial flexibility such as hull strengthened to Ice Class 1C, fully logs fitted…

31 Mar 2000

Dry Bulk Trends

The dry cargo freight market was generally little changed last week, with Capesize conditions remaining basically steady but quiet, brokers said. Panamax activity was brisk from South America, but rates failed to advance as rapidly as owners had hoped for, they added. However, some firmer rates were seen, with Cosco's fixture of a 1990-built 74,000 dwt vessel delivery north Brazil trip China at $11,500 daily plus a $250,000 ballast bonus. Dreyfus was also active and paid a firmer $10,250 daily plus $265,000 ballast bonus for 1991-built Sea Ilex 66,000 dwt delivery Plate April 5/10 trip Continent. On March 28, the Baltic Dry Index (BDI) rose four points to 1…

31 Mar 2000

BDI Up 9

The Baltic Dry Index (BDI) rose nine points to 1,660, the Baltic Panamax Index gained four points to 1,557, the Baltic Handy Index firmed six points to 1,157, and the Baltic Capesize Index jumped up 17 points to 2,275.

11 Apr 2000

Capesize Rates Ease

Easier conditions were seen for Capesizes in the Atlantic sector of the dry cargo freight market, brokers said last week. Some brokers believed that the gap between Capesize and Panamax rates could not be sustained and that some Capesize cargoes would be split into Panamax sizes. However, it was pointed out that Capesize contracts did not always permit this. Panamax rates were generally unchanged, while Handysize levels remained firm in the East and were said to be stronger from the east coast of South America. The Baltic Dry Index (BDI) was down two points at 1,684, the Baltic Panamax Index fell seven points to 1,513, the Baltic Capesize Index was unchanged at 2,369 and the Baltic Handy Index gained two to 1,181.

12 May 2000

Bulk Carrier Trends: Panamax Activity On The Rise

The dry cargo freight market was enlivened by a higher degree of Panamax activity in most areas, while Capesize conditions remained subdued with little fresh business quoted and few fixtures reported, brokers said. On May 9, the Baltic Dry Index gained 2 points from the day before to 1,609, the Baltic Panamax Index rose 11 to 1,512 and the Baltic Handy Index gained one to 1,153, while the Baltic Capesize Index fell six to 2,171. In the grain sector, higher rates were fixed from the Atlantic to the Far East, brokers said. Although brokers were disappointed at the level obtained by the 1999-built Red Cherry 73,350 dwt from Hanjin delivery U.S. Gulf end May trip Far East at $11,200 daily plus a $230,000 ballast bonus, other fixtures were concluded at more generous levels.

06 Sep 2000

Dry Cargo Rates Continue Rise In Quiet Market

Dry cargo rates continued to rise on Tuesday, but the market was quiet following Monday's Labor Day holiday in the U.S., brokers said. Cargill chartered the Ken Pan built in 1984 to ship 31,000 tons of maize from Durban to Japan 10/20 September at $22.75. The Baltic Dry Index (BDI) rose five points to 1,671, the Baltic Panamax Index four points to 1,616, the Baltic Handy Index six points to 1,169 and the Baltic Capesize Index by seven points to 2,239.

21 Nov 2000

Dry Bulk Markets Lower

The Baltic Dry Index (BDI) shed seven points to 1,701, the Baltic Panamax Index (BPI) eased four points points to 1,520, the Baltic Handy Index (BHI) dropped eight points to 1,090, the Baltic Handymax Index fell 42 points to 9,631 and the Baltic Capesize Index (BCI) fell eight pionts to 2,504.

20 Nov 2000

Grain Trading Is Quiet

Grain fixing for Iran continued to hold interest in an otherwise quiet sector, brokers said on Monday. IRISL fixed unnamed tonnage to lift 50,000 tons wheat from St. Lawrence for Iran at $21 with shipment set for December 1/20. This compared with the $21.25 that they paid for 60,000 tons wheat on the same route on November 17 and $20.50-22.00 for two other cargoes of 60,000 tons each on November 16. Tradigrain booked 55,000 tons wheat to Iran but from Kalundborg November 25/30 shipment at $18.25. Cargill was seen fixing cargoes in the grain sector, with 60,000 tons and 55,000 tons heavy grain booked from the U.S. Gulf to Seaforth, England, and Barcelona respectively. Both were concluded at $13.50 and with shipment set for November.

19 Nov 1999

Fresh Chartering Lifts Outlook For Market

Sentiment was lifted in the dry cargo freight market last Tuesday by both an actual and potential fresh chartering inquiry from grain and coal charterers in particular, brokers said. Capesize activity was believed to have increased strongly, although few new fixtures had yet come to light. Panamax levels were thought to be generally steady, but reports from the Handy sector were again limited. The Baltic Dry Index (BDI) rose four points to 1,346, the Baltic Capesize Index firmed 10 points to 1,749, while the Baltic Panamax Index and Baltic Handy Index were both unchanged at 1,361 and 935 respectively. Grain: Reports circulated the freight market that 400,000 tons of grain was scheduled for shipment from France to Iran in December/January, six Panamax cargoes from the U.S.

23 Feb 2000

Capesize Rates Firm

Capesize rates firmed again worldwide but brokers said charterers were increasingly conducting business under the counter. Panamax rates were also firmer east of Suez with both Chinese and Japanese charterers active in the Indian Ocean and the Pacific, while Atlantic handysize conditions remained in the doldrums, they added. The Baltic Dry Index (BDI) rose 10 points to 1,491, the Baltic panamax Index gained one point to 1,419, The Baltic Capesize Index jumped up 27 points to 2,055 and the Baltic Handy Index firmed three points to 1,008.

01 Oct 1999

Stiff Rate Increases Seen For Atlantic Capers

Some stiff rate increases for Atlantic capers were seen for business to China and for trans-Atlantic coal, brokers said last Wednesday. Panamax rates were still drifting from the U.S. Gulf due to lack of orders, but levels in the Far East for these vessels remained firmer, they added. Conditions for handy size vessels and to a lesser extent smaller geared tonnage, were generally better in the Atlantic. The Baltic Freight Index (BFI) rose six points to 1,223, the Baltic Panamax Index gained five points to 1,186, the Baltic Handy Index firmed seven points to 930, and the Baltic Capesize Index was also up seven points to 1,412. In the grain sector…

10 Sep 1999

Market Offers Positive Features For Owners

An increase in caper demand and consequent higher rates coupled with significantly stronger levels of enquiry for panamaxes, especially from Japanese charterers in the Far East, were positive features for owners, brokers said. The Panamax development was also seen as positive for Atlantic rates as it was likely to reduce the number of vessels ballasting from the Pacific to the U.S. Gulf. The Baltic Freight Index (BFI) rose eight points to 1,051, the Baltic Panamax Index gained three points to 996, the Baltic Capesize Index jumped 28 points to 1,300, and the Baltic Handy Index was up three points to 845 points. Brokers said that grain charterers requiring panamaxes on the Continent for business to the Middle East were forced to increase their rate ideas sharply.

20 Sep 1999

BFI Increase Reflects Rise In Panamax Rates

Panamax vessels continued to attract higher rates last week, which was reflected in gains by the Baltic Freight Index (BFI) and the Baltic Panamax Index. The BFI jumped 19 points to 1,143, while the Baltic Panamax Index rose 25 points to 1,105. Quieter conditions for caper and handies were responsible for a modest two point rise in the Baltic Capesize Index to 1,377 and a four point increase on the Baltic Handy Index to 871, brokers said. Fresh grain business was confined to just one fixture from Cargill, who took the 1980 built Elikon to ship 25,000 tons wheat Hamburg/Algeria September 20/25 at $15.25. Panamaxes involved in period business were said to be making consistent gains…

11 Oct 1999

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…

15 Oct 1999

Caper Boom Not Over Yet

There were no signs that the recent caper boom was over yet despite last Tuesday's relatively modest gain on the Baltic Capesize Index of 31 points to 1,753, brokers said. The slightly softer condition for early Panamaxes in the U.S. Gulf persisted but for end October and November positions there appeared to be a slight upward trend in rates, they added. Owners were said to be reluctant to ballast to the U.S. Gulf or the east coast of South America due to firm bunker prices. Panamax rates from the Continent and in the East were reported to be at the very least steady, while handy size rates were also generally steady but few details emerged about fixtures from the Lakes, U.S. Gulf or the east coast of South America.

20 Oct 1999

Freight Market Quiet

Few significant developments emerged on Wednesday as the dry bulk market appeared to be stabilizing in most areas, reflected in the latest moves of the Baltic indices, brokers said. The Baltic Freight Index (BFI) rose 12 points to 1,397, the Baltic Panamax Index gained 18 points to 1,335, the Baltic Handy Index firmed three points to 959 and the Baltic Capesize Index was up four points to 1,901. The Capesize sector was quiet although rates were generally unchanged, while Panamax rates in the Far East sector looked to be very steady, especially the more modern types. There were some signs of easier conditions for handy-sizes in the Far East and possibly also in the U.S. Gulf and South America but differences in freight rates in the Atlantic so far appeared to be marginal.

21 Oct 1999

Freight Rates Dip For First Time This Month

The Baltic indices indicated perhaps some changing conditions in the dry cargo market, with the Baltic Capesize Index falling for the first time this month on evidence of weaker conditions in the Far east and South Africa. The panamax index, however, took up the forward running on the basis of firmer rates conceded by charterers in the north Atlantic and the Pacific, they added. The Baltic Freight Index (BFI) rose nine points to 1,406, the Baltic Panamax Index gained 15 points to 1,350, and the Baltic Handy Index was up three points to 962, but the Baltic Capesize Index slipped two points to 1,899.

28 Oct 1999

Baltic Exchange Launches New Dry Bulk Index

The Baltic Exchange will launch a new dry bulk cargo composite index on Monday, November 1. The BDI is a composite of the existing Baltic Handy Index, Baltic Panamax Index (BPI) and the Baltic Capesize Index. It will provide a valuable general indicator for those with mixed fleets and will continue the function of the Baltic Freight Index (BFI), due to be replaced by the BPI on November 1. The BFI has been the price settlement mechanism for BIFFEX, the freight futures contract traded at the London International Financial Futures and Options Exchange.

22 Oct 1999

Capesize Markets Quiet, Remain Firm

Capesize Markets Quiet, Remain Firm Capesize markets were quieter worldwide last week, although rates remained firm. Panamax rates made further headway in most areas, and Handysize conditions were slow in the Far East and in South America, brokers said. Bunker prices showed steep gains in the Far East, they added. The Baltic Freight Index (BFI) rose 11 points to 1,385, the Baltic Panamax Index gained 16 points to 1,317, the Baltic Capesize Index firmed 12 points to 1,897, and the Baltic Handy Index was up three points at 956. Owners' confidence that grain rates in the U.S. Gulf would shortly improve for Panamaxes appeared to have been justified, brokers said. -- (Reuters)

17 Dec 1999

Capers Continue Firm, Uncertainty Rules Panamaxes

Conditions for Capesize vessels remained firm on Dec. 10, especially in the Atlantic, but uncertainty ruled the Panamax sector as owners sought to cover their vessels in advance of impending holidays, brokers said. Lower rates were reported in the Atlantic and the Pacific, but brokers said the Indian Ocean and South African sectors stayed firm. The Baltic Dry Index (BDI) rose four points to 1,360, the Baltic Panamax Index was unchanged at 1,277, the Baltic Capesize Index gained 14 points to 1,895 and the Baltic Handy Index fell two to 917. Grain: Weaker rates for modern Panamaxes were reported in the Atlantic, brokers said. Cargill fixed the 1996-built Eleni 73,000 dwt delivery Continent prompt for a transatlantic round voyage at a modest $8,750 daily.

30 Dec 1999

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.

07 Jan 2000

Dry Cargo Market Mixed

A one point gain on the Baltic Dry Index to 1,320 disguised some significant differences in freight market movements since the last trading day by the Baltic Exchange on December 24, brokers said. Capesizes appeared to have eased world-wide and there were reports of early vessels still available for employment, but Panamax demand strengthened significantly, especially in the Far East. Brokers said that there was an over-supply of handy sizes on the Continent but that conditions for these vessels were steadier from Brazil and Argentina. The Baltic Panamax Index jumped 36 points to 1,247, while the Baltic Capesize Index fell 31 points to 1,782 and the Baltic Handy Index slipped two points to 940. Grain charterers opened the year with brisk inquiry, brokers said.

28 Jan 2000

Chartering Conditions Dull Throughout Atlantic Sector

Chartering conditions were dull throughout the Atlantic sector of the dry cargo freight market, brokers said. Capesize activity was very limited and Panamax rates fell in both the grain and minerals trades. It was also said handy sizes continued to see very difficult conditions from the Continent while the market in Brazil and Argentina was described as weaker. The Baltic Dry Index (BDI) declined 10 points to 1,368, the Baltic Panamax Index fell 21 points to 1,379, the Baltic Capesize Index dipped four points 1,689, and the Baltic Handy Index lost three points to 1,045. GRAIN - In a relatively quiet Panamax grain market, softer levels were seen from the U.S. Gulf. Keoyang booked 54,000 tons heavy grain from the U.S.