South Atlantic Capesize rates largely steady

The South Atlantic Capesize market is showing improved cargo flow from Brazil, but rates struggle to gain any upward direction, with pressure from Indian ballasters reported for spot laycans:

Rates for transportation of 170,000 t of iron ore from Tubarao to Qingdao with spot laycans are hovering at $30-31/t;

Shipment of a Capesize lot of iron ore from Acu to Qingdao with late July laycans is discussed at $30.5-31/t;

The deal for transportation of 170,000 t of iron ore from Ponta da Madeira to Qingdao with late July laycans is negotiated at $31-32/t;

Shipment of 170,000 t of iron ore from WAfr to Qingdao with late July laycans is discussed at $29-30/t;

The contract for transportation of 170,000 t of iron ore from Brazil to Rotterdam with July laycans is negotiated at $15-16/t.

North Atlantic rates have inched down amid increased tonnage list:

Shipment of 160,000 t of coal from Bolivar to Rotterdam with spot laycans may cost $15-16/t;

The deal for transportation of a Capesize lot of iron ore from Canada to Rotterdam has been signed at $11/t;

Rates for shipment of 120,000 t of coal from USEC to Rotterdam are hovering at $15-15.5/t;

Transportation of 160,000 t of coal from USEC to China with July laycans is discussed at $44-45/t.