By Keith Wallis SINGAPORE, March 31 (Reuters) - Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-month highs on Tuesday, could climb further on increased chartered activity by miners and operators, brokers said. "Only Rio Tinto has been active this week - it picked off the injured animals - fixing ships for less than the last … [Read more...]
Asia Capesize Rates to Stay Rangebound on Abundant Tonnage
By Keith Wallis SINGAPORE, March 3 (Reuters) - Freight rates for large capesize dry cargo vessels on key Asian routes could remain rangebound next week as abundant tonnage puts a ceiling on freight rates even as some owners resist attempts by charterers to push rates lower, brokers said. "I expect the market to take a breather. Rates have been on a yo-yo this week," said … [Read more...]
Capesize Rates to Climb on Higher Iron Ore Cargo Traffic
By Keith Wallis SINGPAORE, Feb 23 (Reuters) - Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-week highs on Wednesday, are set to continue to climb next week on buoyant iron ore cargo volumes, brokers said. More than 30 capesize fixtures were reported in the week to Feb. 22, almost double the number in the last two months, according … [Read more...]
Capesize Rates to Hold Steady on Ample Ship Supply
By Keith Wallis SINGAPORE, Feb 2 (Reuters) - Freight rates for large capesize dry cargo vessels on key Asian routes are likely to hold around the current levels next week on ample tonnage supply even as chartering activity is likely to increase following the end of the Chinese New Year holidays. "Some people think rates may have hit a floor in the Pacific," a … [Read more...]
Capesize Rates to Hold Steady or Slip in “Good Market”
By Keith Wallis SINGAPORE, Jan 19 (Reuters) - Freight rates for large capesize dry cargo ships on key Asian routes could hold steady or slip slightly next week after unexpectedly climbing this week on strong cargo volumes, ship brokers said. "It is a case of two oceans. In the Atlantic, Vale has been active from Brazil, and volumes from Saldanha Bay in South Africa are … [Read more...]
Capesize Rates to Diverge on Tight Tonnage, Ample Cargo
By Keith Wallis SINGAPORE, Dec 22 (Reuters) - Freight rates for large capesize dry cargo ships on key Asian routes could diverge with rates from Brazil to China nudging higher on a shortage of tonnage and those from Australia to China holding firm around current levels on ample cargo, ship brokers said. "Tonnage is very tight given the number of ships available for … [Read more...]
Charterers Hold Back Cargo to Drag Down Capesize Rates
By Keith Wallis SINGAPORE, Dec 1 (Reuters) - Freight rates for large capesize dry cargo ships on key Asian routes could drop next week as charterers hold back cargo although higher prices of fuel and iron ore may support current rates, brokers said. Iron ore and coal are staple cargoes for 180,000-deadweight tonne capesize and smaller panamax ships. "It seems to be a … [Read more...]