Thursday, September 10, 2009

FEARNLEYS REPORTS

DRY BULK - CHARTERING

Handy
The BSI has been pushing upwards since last week amid continued firm conditions in the Atl. The Supra/Handy markets should remain stable and firm. Pacific Basin was reported to have taken the MV EFFY N, 55,800 dwt, at USD 32,500 dely 10/15 Sep Morocco to New Zealand. Handymaxes open in USG are achieving in the low 30's for trips to the Med and the market there is volatile with more enquiry. Bl.Sea...
Panamax
With still lack of tonnage in the N.Cont, rates climbed usd 4000 from last week with TA’s fixing arnd usd 25,000, even with less activity in the Atlantic this week. Fronthauls fixed usd 32,000 via St.Lawrence, and usd 31,000 via S.America, up USD 2000 from last week. Little activity in the period market though, 7/9 months fixed usd 26,500 end last week. Steady improvement of rates in the Pacific. ...
Capesize
As the market was developing, it seems the big question being raised was when the freight rate for an Australia to China round would break USD ten. That was done earlier this week, at USD 9.75 on an overaged vessel. For Baltic type vessels, market has however stabilized at low tens. In the Atlantic tonnage has been tighter, and yesterday charters had to pay higher than last done for a transatlantic round, with Puerto Drummond to Rotterdam at USD 15.25 pmt. Last week and beginning of this week th...

 

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