17 - 23 October Weekly market report.. Banchero Costa

Tuesday, 27 October 2009 08:14:49 (GMT+3) |

Capesize (Atlantic and Pacific)

Capesize market remained strong with major focus on the Atlantic where trans-Atlantic rates were up about usd 10,000 daily and also with usual lack of available ships. The East did not have the same progress but demand was constant on WestAustraliatoChinarun with rates reaching usd 12.50 or more and with time charter Pacific run at about usd 42,000 daily.

Panamax (Atlantic and Pacific)

Panamax market under pressure for the whole week: tighter tonnage availability gave the market a ''booster'', and new business from南美were also pushing rates up. Charterers were looking to take ships for one or two years so the demand for period tonnage increased. Long-term period fixtures about 2-yearstradingearned in the level of $18,000 daily. Short period business of 4-6 monthstradingwas being talked at about $30,000 daily. The Pacific market has not moved at the same pace but constant demand and fixing has made vessels being soaked up with theAustraliaand NoPac round voyages and rates near the mid usd 20,000. Good activity for short / medium period was also in this basin.

Handy (Far East/Pacific)

报告结论为单身旅行年代装置howed to be very much linked to the specific business and the required loading dates, with a few firmer rates agreed in contradiction with others done at weaker levels. The volume of the demand paused afterwards, revived again near the close of the week when owners of larger handies again got better rates. Period charter interest was still there for these sizes, mostly for short duration and some vessels were reported booked at still un-exciting levels. Smaller handies lost a bit of their strength with local trips agreed in the very low usd 10,000 daily level.

Handy (NorthEurope/Mediterranean)

Demand for tonnage to load out of North European ports was still limited, adding further corrosion to an Atlantic market where generally the handy-size market was slowing down in contrast with the market brought seen for the larger boats. Activity from the Black Sea was a little better with larger tonnage still fetching reasonably good rates to the East but agreeing at discounted levels for Atlantic bound business. The week ended reporting a couple of prompt vessels getting fixed out of the Continent with a handysize obtaining realistic level for a short trip to NorthAfricaand a handymax booked at reasonable rate for a short period employment. It was also rumoured that steel business from the Continent was fixed at biter levels but no details were available so far.

Handy (USA/N.Atlantic/Lakes/S.America)

The initially limited enquiry from the Atlantic Americas coasts attracted charterers to take advantage of the easier rates and translate into short period fixtures their single trip requirements. It was a short spot as handymax/supramax rates revived through the week showing some vessels again fixed at nice rates out of the USG and U.S. Atlantic, both for Atlantic and Eastbound employments. Similarly much better rate was paid for a suprmax delivering in WestAfricato load in南美an East bound cargo. Smaller handies kept suffering a weaker market.

Handy (Indian Ocean/SouthAfrica)

The chartering activity in these waters were still driven by theiron oretrade fromIndiatoChinawhere agreed levels have been staying at acceptable levels with usual 1/2000 usd daily timecharter premium paid for tonnage loading out of the East coast, compared to the bookings concluded from the western side. Activity was otherwise limited with the smaller handies limited to local marginal trades.

Banchero Costa and Co Spa

Mail:research@bancosta.it
Web:www.bancosta.it


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