Asia-Pacific Panamax Dry Bulk         

There was a steady demand across the Asia-Pacific region while Panamax freight rates were stable on Oct. 20.

Enquiries understood in market

• RINL - 75,000 mt 10% - metallurgical coal (Nov 10-19) - Gladstone to Gangavaram.

Enquiries understood fixed

• SAIL - 75,000 mt 10% - metallurgical coal (Nov 15-24) - Gladstone to Vizag - at about usd 38.35/mt.

Freight indicated to be

• 75,000 mt 10% - Coal - South Kalimantan to Krishnapatnam - at about usd 18.95/mt and to Dahej at about usd 20.90/mt.

• 75,000 mt 10% - Coal - Richards Bay Coal Terminal to Krishnapatnam - at about usd 27.80/mt.

• 75,000 mt 10% - Metallurgical Coal - Hay Point to Paradip - at about usd 33.05/mt and to Qingdao at about usd 29.55/mt.   

ASIA-PACIFIC SUPRAMAX DRY BULK         

Asia -Pacific Supramax freight rates trended higher on the back of increase in bunker prices. Time charter rates in the Pacific were stable, while rates in the Indian Ocean edged lower.

Enquiries understood in market

• JSPL - 38,500 mt 10%/5% - metallurgical coal (oct 28-nov 2) - Beira in Mozambique to Paradip.

• JSPL - 2 x 55,000 mt 10% - limestone (Nov 1-5) - Mina Saqr to east coast India.

Enquiries understood fixed

• JSW Steel - 50,000 mt 10% - dolomite (oct 27-31) - Mina Saqr, UAE to Mumbai - at about mid-usd 15/mt.

Freight indicated to be

• 50,000 mt 10% - Coal - South Kalimantan to Paradip - at about usd 25.65/mt and to Navlakhi at about usd 28.80/mt.

• 50,000 mt 10% - Coal - RBCT, S. Africa to Navlakhi - at about usd 35.60/mt. 

• 50,000 mt 10% - Limestone - Mina Saqr to Paradip - at about usd 24.05/mt.     

CAPESIZE DRY BULK

A steady freight market was witnessed in the Pacific and Atlantic regions on the Capesize segment on Oct. 20.

Enquiries understood in market

• Rio Tinto - capesize ship - (Nov 4-6) - Dampier to Qingdao.

• Anglo American - capesize vessel - (nov 16-25) - Acu to Qingdao.

• Superior Ocean - Capesize ship - (nov 12-16) - Ponta Ubu to China.

• Assmang Ore and Metals - Capesize ship - (nov 15-19) - Saldanha Bay to Qingdao.

Enquiries understood fixed

• Haibao - Capesize ship - (Nov 5-12) - Western Australia to China - at about mid-high usd 16s/wmt.

Freight indicated to be

• Capesize vessel - Iron ore - Port Hedland in Western Australia to Qingdao - at about usd 16.80/wmt.

• Capesize vessel - Iron ore - Tubarao to Qingdao - at about usd 39.10/wmt.

• Capesize vessel - Iron ore - Saldanha Bay to Qingdao - at about usd 29.10/wmt.  

Handymax/Handysize Dry Bulk

Handysize freight rates in the Pacific also trended sideways on the day.

Freight indicated to be

• 30,000 mt - Alumina - Gladstone to Lianyungang - at about usd 59.30/mt and from Bunbury/Kwinana to Lianyungang at about usd 59.10/mt.