The second half of the week saw better gains across all the routes. With Rio Tinto, BHP and FMG all active, the key west Australia to China route jumped over $1 to just under $5. Midweek vessels were being fixed at $4.50-4.60 level but there was talk today of Classic fixing a vessel at $5.25, basis max $299,000 port costs. At the end of last week the Brazil to China route was marked around $7.85 and today it is almost $9.50, although the majority of the fixing has been concluded on T/C basis with Classic Maritime fixing five to six vessels midweek basis delivery in the south Africa area at levels around $10,750. In the last couple of days there has been talk of MOSK fixing the Anangel Odyssey 171,681 blt 2006 basis aps Ponta de Madeira for trip to China at $11,000 + $385,000bb and Cargill fixing the Deep Blue 182,608 blt 2015 delivery Cape of Good Hope prompt for trip via Brazil to China at $16,000.
Saldanha Bay to China was fixed a couple of times by Anglo on the Pigi and the Zorbas both around the $6.90 level and end November/early December dates.
There was less activity in the Atlantic but the transatlantic round voyage route saw a considerable increase of almost $4,000 to $8,750. There was also talk that the Leopold LD was fixed on subjects for Porto Nuevo to Iskenderun for 15/24 December at $5.20 basis no discharge port costs.
A mixed week but panamaxes did not benefit from the increase in capesize rates. With brokers reporting more ships than orders, the owners are strongly resisting lower rates and hoping for green shoots…
A few period deals centred around a kamsarmax fixing delivery Rizhao for 4/6 months at $5,900 daily with another accepting $5,400 for 4/7 months delivery Hong Kong. Whilst an older Panamax built 2005 76,000- dwt is said fixed delivery Japan 11/13 months at $5,800 daily.
Within the Atlantic a trip delivery Rotterdam via Baltic redelivery Skaw-Gibraltar paid $3,250 per day on a 82,265 dwt kamsarmax. A 76,429 dwt built 2004 secured delivery Rouen trip SE Asia $9,300 daily with a grain cargo.
East coast South America to Red Sea – Japan was fixed on a 75,213 dwt built 2008 at $5,750 daily plus $200,000 ballast bonus.
A mixed bag of 82,000 dwt vessels covered the following trips, China/NoPac/redelivery Japan $4,200 daily, Hong Kong/Indonesia/redelivery EC India $4,250 daily and Visakhaptnam/EC India/redelivery South Korea $4,000 daily. Another kamsarmax fixed delivery Gladstone trip Malaysia at $4,500 daily plus $165,000 ballast bonus. NoPac/Far East paid $4,000 plus $150,000 ballast bonus with a 75,007 dwt. A similar size fixed kamsarmaz trip Stade at $6,000 daily. A 76,000 tonner fixed China for Australia round voyage redelivery Japan at $4,250 daily. On the larger sizes a 95,570 dwt built 2014 concluded a trip delivery north China redelivery Singapore-Japan via NoPac at $5,500 daily.
Brokers and owners are anxiously awaiting new cargoes to emerge.
When the going gets tough the tough brokers get fixing. Although it’s still a poor supramax and handysize market with low commissions fixtures are being concluded. With just four weeks to Christmas, owners are facing a torrid month and with the mass exodus between 21 December and 4 January, some brokers feel a poor start to 2016 is likely to be predicted.
The period market for supramaxes is now region of mid $5,000s for 53,000 dwt and low $6,000s for the ultramax 63,000 dwt sizes. A few deals have been fixed this week and charterers are perhaps feeling the market has hit bottom, so they are looking to see if some owners really want the period cover. The handysize market has not leaked anything on period.
East coast South America this week has seen a 61,000 dwt secure $9,500 plus $95,000 ballast bonus for a trip to the Far East. A 56,835 dwt fixed Brazil trip east Mediterranean $7,200 and a Tess 58 covered to WCS America at $8,750 daily. Another Tess 58 fixed US Gulf to WCC America at $9,000 daily. A handymax 47,051 dwt fixed $7,000 daily delivery East coast South America for a trip to South Africa. Continent to West Africa paid $6,500 daily for a 55,500 dwt vessel.
The Far East has witnessed various fixtures with a Tess 58 fixing $5,000 daily for Singapore delivery via Indonesia to Philippines. A Dolphin 57,000 dwt achieved $4,000 daily for Indonesia/China. A smaller 48,857 dwt fixed $4,500 daily for Semirara to China. Whilst a 56,719 dwt managed to fix back to the Continent/Mediterranean at $4,000 daily for first 65 days and $6,000 balance. Another Tess 58 was fixed for a Chile to P.G cargo at $10,500 daily.
The handysize market showed no signs of improvement. Baltic scrap to East Med is paying anything between $6,000-$7,000 daily. US Gulf to Brazil went at $5,300 daily with a 33,248 dwt vessel.
A 33,000 dwt secured $6,500 daily for delivery Singapore end November for trip via Australia to India. Chile to west coast Mexico paid $6,400 on a 28,350 dwt while a 35,000 dwt secured $8,000 per day for Peru to Far East. A similar size managed $5,600 for Peru/Continent.
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