Atlantic Capesize freights improved somewhat
The South Atlantic Capesize market is picking up amid improved activity and fewer ballasters from FEast. Healthier rates are observed on both transatlantic and front-haul routes:
Rates for transportation of 170,000 t of iron ore from Tubarao to Qingdao with spot laycans are hovering at $33-34/t;
The contract for shipment of a Capesize lot of iron ore from Tubarao to Qingdao with early July laycans is discussed at $32-33/t;
Transportation of 170,000 t of iron ore from Sudeste to Qingdao with July laycans is negotiated at low $30s/t;
The deal for shipment of 170,000 t of iron ore from WAfr to Qingdao with mid-July laycans has been signed at $31/t;
Transportation of 170,000 t of iron ore from Brazil to Rotterdam with June laycans is discussed at $15-16/t.
The North Atlantic segment gained some support from stronger ECSA market and brisk shipments from Canada on T/A and F/H routes:
Transportation of 160,000 t of coal from Bolivar to Rotterdam with spot laycans may cost $16-17/t;
Rates for shipment of 120,000 t of coal from USEC to Rotterdam are hovering at $16-16.5/t;
The deal for shipment of 170,000 t of iron ore from Canada to Japan with July laycans is discussed at $36-38/t.