Front-haul charge

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.

Printable version Newsletter sign up