Bulkers set for rough ride
Drewry Maritime Research pulls no punches in its latest assessment of the prospects for the dry bulk market.
Panamaxes rates remained relatively steady most markets but there was a strong rate for a lift out of the Black Sea heading to the Far East.
There is once again not much happening for capesizes at the moment but Cosco did book a relatively expensive front haul.
Capesizes
That fixture was of 170,000-dwt Formosabulk Energy (built 2002) at $26,250 per day for the run from the UK to West Africa and China.
Panamaxes
STX Pan Ocean is the only paying a cool $27,250 per day for the 83,000-dwt Medi Lausanne (built 2006) to trade from the Black Sea to the Far East at the start of April.
Two front hauls with 76,600-dwt units earned decent sums with the Coral Diamond (built 2007) getting $18,500 per day and the Botafogo (built 2001) $1,000 a day less, both via South America.
The same-sized Mendocino (built 2002) is taking an Atlantic itinerary at $15,000 a day starting in early April.
This is the same as the 77,000-dwt Lowlands Camellia (built 2006) gets for a run from the Far East to South America and back.
Further down the ladder Brownstone only had to pay $11,000 per day for an India-China run with the 69,300-dwt Joyous World (built 1995).
And STX paid just $9,800 daily for the 75,700-dwt Salvatore Cafiero (built 2001) to go to India from Taiwan via Australia.
Supramaxes
Rates here generally kept pace with panamaxes as Cargill went for $17,000 a day with the 58,500-dwt Nord Explorer (built 2009) from South Africa to South America and on to India, a route which is well trodden in the past fortnight.
A straight India-China run set one charterer back $12,500 per day with the 55,500-dwt Jin Man (built 2008), a ship Jinhui announced on Monday that it has sold along with its sister vessel Jin Pu.
Drewry Maritime Research pulls no punches in its latest assessment of the prospects for the dry bulk market.
Dale Ploughman in the driver’s seat as US-listed bulker owner parts ways with ageing handymax at a loss of $2.4m.
Swedish shipbroker celebrates centennial by spinning off management wing in a bid to cash in on chemical tanker upswing.
Norden and Oldendorff join fight to claw back cash from embattled Asian operator as judge orders asset freeze.
Nasdaq-listed owner sees market value drop by close to one tenth after one of its handies is snatched by Somali pirates.
Eighteen months off his centenary Maersk Mc-Kinney Moller speaks of the philosophy behind success as a shipowner and entrepreneur.
AP Moller reveals more modest spending plans for its tanker and boxship arms as it battles cash burn.
Oslo-listed seismic owner roars back from big deficit last year to card a personal best.
Japanese reefer owner expecting profitable fourth quarter despite nine-month losses widening.
UK shipping group to charter in three anchor-handlers to support oil major's tanker operations in Angola.
Masters of PIL boxship and Russian cargo vessel arrested in Japan following collision that sank the latter.