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Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK


Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to  the Far East at around $30k pd. USG/NCSA are active (mainly  petcoke) whilst theContinent/E.Med/B.Sea lack volume and rates are under pressure.

Outlook:
softer. In the Pacific, quiet market due to holidays in China. For Indo-India, charterers holding on unless have spot cargo. Rates sliding now and Supras in North China are getting close to 14k for trips via Indonesia to India. Iron ore from India has been quiet on WCI but rates stable at USD 17k for trips from WCI to China and from ECI close to 16k. On Richards Bay rounds Supras now seeing around 15k basis WCI dely. Red Sea, ferts on Handymax/Supras are fixed at very mid-high 20´s pmt on voyage bss to WC India. Not too much activity on short period as market bit volatile but hear some index type vessels fixed at mid-teens.

Panamax
Activity remained slow in the Atlantic basin, rates still sliding downwards with limited new business and more open tonnage around. Limited trade for the Pacific, mostly due to Chinese holidays Monday and Tuesday. T/A rounds dropped to 14-14.5k this week. In the Pacific, very little reported, though some rounds done at around 14.5 level as well. Fronthaul still fairly healthy at 25k level. With grain season coming to an end, expectations for next month are rather weak. Although forward market flat to slowly down, perhaps more activity for iore export  from India after release of export banand from Brazil in 3Q will stabilize the market. Period market hardly viable this week; 2 years done at 15500 and short period even less.

Capesize
A quiet start to the week with holidays in India and China, resulting in a wait and see attitude among owners and charters. West Australia/China rates were in the high 7s, presently usd 7.50  pmt. Of period fixtures in the  east, a couple were done at usd 16k levels for 11-13 months, with profit sharing.The fronthaul activity remains inactive.
Source: FEARNBULK



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Tuesday, 22 February 11
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