A typical end to the week with little fresh enquiry, but talk of FMG fixing Australia to China at $4.20, although others have suggested possibly a lower level. This was a shade over $5.00 at the start of the week. Brazil/China similarly lost a little value during the week, but some brokers were suggesting perhaps the Atlantic was bottoming out. There were a few timecharter fixtures concluded with the Ormond 181,000 blt 2015 managing to achieve $11,000 for an Australian ore round voyage on her maiden trip, but levels are now more in the $7,000 region. The Mount Uluru 181,513 blt 2014 fixed delivery Rotterdam spot for a trip via Narivk to Hamburg at around $11,000 on subjects with EdF Trading, earlier in the week the Philippos A 175,108 blt 2011 fixed delivery Malta prompt for a transatlantic round voyage at a shade under $10,700 with K-Line.
Still a downward trend over the week across the board with a stagnant feel in the Atlantic basin and easing in the Pacific, with owners trying to secure cover in the build up to the Christmas and New Year break.
Generally very little period activity, the highlight of the week seemed to be a 75,491 dwt 2011 built in the East being fixed for four to eight months trading at $5,150 daily. Another slightly smaller 74,000 in the East was said to have secured in the upper $4,000’s for three to five months trading. On the larger size an 81,000 dwt 2013 built was secured at $6,400 daily for four to seven months worldwide trading.
Within the Atlantic a 77,000 dwt 2006 built was covered basis delivery Norfolk mid-December dates for a grains run to the East at $9,750 + $90,000 gross ballast bonus whilst from the other side of the pond a 74,020 dwt 2000 built was covered basis delivery Gibraltar for a trip via the US Gulf redelivery in Spain with grains at $3,900 daily. From Brazil a modern 77,079 dwt 2015 was taken basis aps Tubarao mid-December for a trip redelivery Far East at $6,000 daily + $185,000 ballast bonus.
In the East there was activity but this did little to raise owners expectations. An 81,068 dwt 2013 built covered for a trip basis delivery EC Australia 17-22 September for a coal run to India at $4,000 daily + $100,000 ballast bonus. From South East Asia an 83,000 dwt 2014 built managed to secure $4,000 daily for a trip delivery South China via Indonesia to East Coast India with coal. Whilst further north a 93,549 dwt 2008 built fixed basis delivery China early December via EC Australia redelivery Singapore-Japan $4,250 daily.
With the holidays getting even closer next week owners and operators appear to be taking the path of least resistance.
December started off on low note with brokers continuing to talk about too many ships and not enough cargoes but various port delays helping a tad. The BSI time charter average closed at $4,917 yesterday which coincides this week with a Mitsui 56 fixing for eight months charter at $5,000, probably the lowest we have seen this year. Little else reported on period recently with rates being so low owners are not so keen to dive in.
This week saw a 58,000 dwt fixing US Gulf trip Black Sea at $9,000 daily while a Tess 52 accepted $7,500 daily for the same trade. A 66,000 dwt secured $7,500 with a European Grain house from the US Gulf to NC South America. The same rate being paid for a 55,000 dwt from the US Gulf to Spain with Danish charterers. Further south, EC South America/Indonesia paid $9,000 daily plus a $90,000 ballast bonus on a 61,309 dwt vessel and a 58,616 dwt fixed Villa Do Conde trip China $9,500 daily. The Roadrunner a 54,057 dwt headed for the coast to Recalada and fixed to Bejaia at $7,250 daily.
Jorf Lasfar/US Gulf paid $3,000 with a 61,400 dwt. A trip to West Africa delivery Rotterdam demanded a daily rate of $6,500 with a 55,464 dwt 2014 built vessel. The Peaceful Seas 63,300 dwt managed $7,900 delivery Canakkale via Black Sea to India.
A 56,758 dwt fixed delivery Singapore for Australia round voyage redelivery North China at $5,000 with a South China option at $5,600. A Tess 58 took $5,000 daily delivery Singapore via Indonesia to Philippines. The Bulk Orion a Mitsui 56 covered Surabaya to WC India at $6,700 daily. On the slightly smaller sizes a 46,702 dwt concluded Singapore trip CJK at $4,400 daily. Back haul was said covered at $3,900 daily first 65 days with balance at $6,000 delivery North China to Continent on a 56,719 dwt 2011 built ship.
From Chile the Dynasty Shang 56,573 dwt secured $8,000 daily for a trip to the Middle East Gulf.
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