Baltic Exchange: Maritime market highlights 12-16 Oct

Bulk carriers – Capesize

  • The Atlantic has been the most affected of the basins, yet this is likely because it had further to fall. As expected, activity was low throughout the declining week with owners able to bide their time to take large bites out of rates every time they fixed.
  • The Brazil to China C3 declined at an increasing rate, as it lost -$3.592 to close the market down at $16.53 by weeks end.

Bulk – Panamax

  • The US gulf numbers drifted as committed tonnage and ballasters broadly frustrated the market here.
  • Activity from EC South America was modest – at best. In Asia, it was a tale of two divides with the North region at the beginning of the week trending firm and the south appearing weak with a distinct lack of minerals ex Australia.

Bulk – Ultramax/Supramax

  • From the Atlantic, demand remained from Mediterranean and Continent. A 55,600-dwt fixing delivery Casablanca for a trip via Continent redelivery east Mediterranean with scrap at $15,500.
  • From the US Gulf, rate remained steady especially for petcoke runs to India. A 57,000-dwt fixing at $24,000 redelivery west coast India.

Bulk – Handysize

  • From east coast South America, a 35,000-dwt was fixed from Santos for a trip to Morocco at $9,000. A 36,000-dwt open Pori was fixed for a trip via Baltic to the Continent at $18,000 and a 38,000-dwt open Esbjerg was fixed for a trip to Sea of Marmara with scrap cargoes at $18,000.
  • From the US Gulf, a 39,000-dwt was fixed for a trip to UK Continent with pellets at $15,500.

The full reports are available on Baltic Exchange’s website, under related category. Namely, the Baltic Exchange information is based on assessments made by a global panel of shipbrokers, covering voyage and timecharter rates for capesize, panamax, supramax and handysize bulk carriers; VLCC, aframax & MR tankers, LPG and LNG vessels as well as  forward assessments, vessel values, market reports & fixtures and demolition values.


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