SHIPPING

 
DRY BULK MARKET REPORT

 

 
 
 

BY IRFANA ASIF
Sep 05 - 11, 2005

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INDICES

Dates

30/08

1/09

2/09

CHANGES

Capesize

3683

3702

3572

(DOWN 65)

Panamax

2159

2011

1980

(DOWN 265)

Handymax

17804

17349

16926

(DOWN 967)

SUMMARY:

Further declining trend had been observed in the dry sector, last week. A lot of Panamax fixtures have been observed, while a lot of panamaxes are seen in the US Gulf. The effect of Katrina has also been a major factor of further decline in the Panamax market, as it has simultaneously affected the grain export market. Where as Handymax market has also stated dropping. There is a lot of tonnage seen in the PG area.

Over all the market has been very volatile during the last week. And as brokers think will remain the same for some time now.

CAPESIZE

AUSSIE ROUNDS:

'Cape Riviera' 2005 185500 dwt dely Kaohsiung 28/30 Aug trip via Australia redel Kaohsiung approx $39000 daily - CSE 'Global Winner' 1997 161181 dwt dely Qingdao 8/10 Sept trip via Australia redel Japan $29000 daily - 'K' Line 'Global Victory' 1996 149155 dwt dely Pohang 13/14 Sept trip via West Australia redel China $23000 daily - BHP Billiton

FEAST - CONTINENT:

'Mona Century' 2000 172036 dwt dely Wakayama 15/17 Sept trip via Richards Bay redel Continent $22500 daily option trip via EC Australia redel Continent $25000 daily - BHP Billiton 'Cape Merlin' 1994 150966 dwt dely Nantong 19/21 Sept trip via EC Australia redel Continent $20000 daily - Transfield

COMMENTS: The cape trades were logged firmly in their late summer lull all last week, with activity levels low and rates alipping away in most trades.

Aussie Rounds have been rating around USD 23,000 to USD 39,000 per day depending on the deadweight and the duration. While backhaul trips were picking around USD 20,000 to USD 25,000 per day.

PANAMAX

ATLANTIC - FEAST

'Bahia Blanca' Cargill relet 1998 74043 dwt dely Upriver Plate 10/17 Sept trip redel Far East $19500 daily + 500000 bb - Intermare 'Atlantic Hawk' 2002 74204 dwt dely retro Liverpool 23 Aug trip via Brazil redel China $19000 daily - Pioneer Metals 'Paragon' Cetragpa relet 1995 71259 dwt dely Fos 29 Aug trip via US Gulf redel Japan $19000 daily - Daeyang

FEAST - ATLANTIC

'Oinoussian Legend' 1997 71685 dwt dely Manila spot trip via Weipa redel Porto Vesme $14000 daily - Cargill 'North Duchess' 1985 63785 dwt dely Butterworth 6/7 Sept trip via Indonesia redel Continent $11000 daily - Dreyfus 'SD Victory' 1986 70000 dwt dely Nantong 3/5 Sept trip via Port Hedland redel Black Sea $12000 daily - Cosco Europe

NOPAC RV

'Pleiades' 1997 68962 dwt dely Kashima 10/20 Sept trip via NoPac redel Far East $14250 daily - Cargill 'Pacific Prospect' 1993 73630 dwt dely retro Dalian 25 Aug trip via NoPac redel Far East $12500 daily - 'Athenoula' 1984 65772 dwt dely Ningbo 2/5 Sept trip via NoPac redel Singapore-Japan int grain $10000 daily -

PERSIAN GULF - CONTINENT

'Nereid' 2001 74295 dwt dely Jebeli Ali trip via Richards Bay redel Continent $16000 daily - Norden

CONTINENT - PERSIAN GULF

'Maritsa' 2005 76015 dwt dely Hamburg ppt trip redel Jeddah-Aden rge $18000 daily - Transgrain

TRANS - ATLANTIC

'Natalie' 1981 64911 dwt dely Ravenna 29/31 Aug trip via US Gulf redel Syria $14000 daily - Cargill 'Mass Prosperity' Bottiglieri di Navigazione relet 1993 69555 dwt dely Brazil spot trip redel Med $14000 daily + 300000 bb - Azure 'Aldebaran' Cargill relet 2000 74677 dwt dely aps Poland 8/9 Sept trip redel dop Black Sea int coal $20000 daily - Cargill

COMMENTS: After the hike in rate levels last to last week, last week began with decline from owners with them taking front hauls at around USD 19,000 to USD 19,500 per day. While backhaul rates were bagging around USD 11,000 to USD 14,000 per day.

NOPAC and Trans-Atlantic Rounds have been hovering around USD 10,000 to USD 14,500 per day and USD 14,000 to USD 20,000 per day respectively. Where as trips from Persian Gulf to the Continent have been picking around USD 15,000 to USD 16,000 per day.

HANDYMAX

ATLANTIC - FEAST

'Josco Taizhou' 2005 55000 dwt dely Black Sea spot trip redel Singapore-Japan rge $23000 daily - STX Pan Ocean

TRANS - ATLANTIC

'Leros' 1985 42083 dwt dely Nemrut spot trip via E. Med redel US Gulf $12000daily - 'Mastro Giorgis 2' 1995 52370 dwt dely Maputo/Durban 17/22 Sept trip redel UKC $11000 daily + $245000bb - Island View Shipping

PERSIAN GULF - FEAST

'Thor Venture' 1986 41824 dwt dely WC India 10/15 Sept trip redel Singapore-Japan rge approx $12500 daily -

FEAST - PERSIAN GULF

'Seavenus' 2000 50913 dwt dely Shanghai 6/7 Sept trip via Australia redel India $20000 daily - 'Nordflex' 2002 52344 dwt dely North China 7/12 Sept trip via Australia redel India $20000 daily - OBC MISCELLANEOUS

COMMENTS: Handymax market has been on its spiraling trend with rates falling like a pebble in the well!!

Rates from Atlantic to Far East are hovering around USD 22,000 to USD 23,000 per day, while Trans-Atlantic rounds were picking up around USD 11,000 to USD 12,000 per day. Rates for trips from Persian Gulf to Far East were around USD 12,000 to USD 12,500 per day.