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| HOME >> Topics List >> February, 2006 >> 21 (Tue) |
| Bulk Shipping Market Takes On Strong Trend |
| Both Capesizes, Panamaxes strengthening for every service route |
|
The bulk shipping market has started to strengthen. With inquiries by China increasing for Capesize vessels for haulage of ferrous raw materials, TC rates per day of $57,000 and $46,000 have emerged called for transporting Brazilian and Western Australian ore, respectively, to the country. Demand for Panamaxes is also getting strong. [Capesize] <Brazil - South Korea> - South Korean integrated steel company POSCO voyage-chartered a TBN owned by Zodiac to load 170,000 tons of iron ore at Tubarao, Brazil for transport to Kwangyang. Freight rate: $23.63/ton. (Fio loading to scale; unloading 55,000 t/d) Laycan schedule: Mar. 15 - 29. <Brazil - East Asia> - US grain company Cargill time-chartered the OLYMPIUS (171,320 dwt) relet from BHP Billiton with delivery at Rotterdam and redelivery in East Asia via Brazil. Charter rate: $57,000/day. Laycan schedule: Mar. 5 - 10. <Western Australia - China> - China's North China Shipping time-chartered the CHS COSMOS (175,000 dwt) with delivery ex-dock Shanghai, China and redelivery in the same country via Western Australia. Charter rate: $46,000/day. Laycan schedule: Mar. 1 - 5. - BHP Billiton time-chartered the TAI SHAN (169,147 dwt) with delivery at Loujing, China and redelivery in the same country via Western Australia. Charter rate: $43,000/day. Laycan schedule: Mar. 1 - 4. - Hong Kong's Noble Chartering time-chartered the KIRMAR (164,218 dwt) with delivery at Kakogawa and redelivery in China via Western Australia. Charter rate: $45,000/day. Laycan schedule: Feb. 28 - Mar. 1. <Western Australia - UK> - Anglo-Dutch steel company Corus time-chartered the IANTHE (151,143 dwt) with delivery at Rizhao, China and redelivery in the UK via Western Australia. Charter rate: $30,000/day. Laycan schedule: Feb. 22 - 24. [Panamax] <Indian west coast - China> - Noble Chartering time-chartered the EDCO STAR (64,060 dwt) with delivery at Indian west coast and redelivery in China. Charter rate: $15,000/day. Laycan schedule: Feb. 27 - Mar. 5. - Glory Wealth time-chartered the MINAON HOPE (64,871 dwt) with delivery at Oman and redelivery in China via Indian west coast. Charter rate: $14,600/day. Laycan schedule: Feb. 19 - 24. <Brazil - China> - France's grain company Louis Dreyfus time-chartered the CORATO (64,282 dwt) relet from Bunge with delivery at Paranagua, Brazil and redelivery in China. Charter rate: $16,000/day plus ballast bonus $375,000. |
| last modified : Fri 24 Feb, 2006 [11:37] |
