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A&K Shipbrokers
Athens Off. Tel: +30 211 012 7910
Miami Off. Tel: +1 86 33681147
Athens - GREECE
Miami - Florida - U.S.A
A&K Shipbrokers
Mediterranean Handysize/Supramax market still under pressure from lack of fresh inquiry
The European large-tonnage shipping market has not shown any noticeable activity growth even after the end of Easter holidays. Charterers are stepping up pressure on freights. A couple of intermed trips by 32-34k dwt vessels bss dely passing Canakkale are discussed at $7.5-8.5k daily. Large traders target $26/t for transportation of 30,000 t of wheat from CVB to Algeria with 8000x/2500x l/d rates and late April-early May laycans, while owners are seeking to get closer to $30/t (equivalent to $8.5-9k daily vs. $11.8-12.3k daily bss dely psg Canakkale incl. $21-24k for ETS). Brokers suggest mid-$50s/t for transportation of 55-60,000 t of corn or wheat from POC to S.Korea bss 1/1 and low $50s/t for shipment of a similar lot to S.China bss 1/1.
Source: ismreport.com
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