Friday, 20 July 12 INDONESIA-INDIA SUPRAS BEING FIXED AT $ 10K
After a stable last week, the Handysize market has experienced softening rates in the Atlantic. Ships are ballasting from India into the Atlantic giving pressure to the rates. Not too many fresh cargoes in the market either, thus we feel the summer lull is upon us. Continent/US Gulf concluded at around US$ 6,5k, while US Gulf/Continent paid close to US$ 25k. Fhauls were hovering around 22/23k depending on delivery. The pacific market remained stable with reasonable amount of activity. For indo-india supras now fixed at US$ 10,000 basis south china. For nopac rounds, vsl can get US$ 9k bss dely Japan. Iron ore activity remained quiet from India and rates are US$ 10000 for WCI-China and US$ 6,000 for ECI-China. RBCT-India fixed basis APS 10k + 350k BB. Not too much activity on short period but rates were around US$ 10,500 for large eco supra.
It has been an unexciting week in the panamax market. There has been concluded a number of fixtures but rates remain somewhat unchanged. We see fresh coal cargoes in the Atlantic but the list of available tonnage is again outnumbering the cargoes keeping the market fairly flat. Tarv´s are now being fixed in region og US$ 11k while Fhauls are getting around US$ 18,500 bss Cont delivery. In the Pacific we see the same flat tendency with some glimmers of hope as a Pac round recently got fixed at 10k, however it seems to be the exception to the rule as the Pac round market is hovering around US$ 8,700. The period market has been more active with several index linked deals being done and some shorter periods being fixed in region of US$ 9-10k.
Rates have softened over the last week. West Australia to China is presently high 6 - low 7, with a handful of fixtures in this range over the last couple of days. However in general the fixing activity in the east has been low. Tubarao/Qingdao has been steady at US$ 17.85 and expected to remain around this level. Period activity is inactive. Source: Fearnleys As
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