Excess Tonnage Keeps Atlantic Handysize Rates Down

The week closed positively for the US Gulf shipping market, with extra stems for second-half August dates making owners more bullish, according to Platts.

However, this was not enough to usher any changes with respect to rates, as they are still at the same level due to excess tonnage.

“Despite the positive market sentiment, rates were unchanged due to a long tonnage list, sources said. The rate from US Gulf Coast to ARA (Amsterdam-Rotterdam-Antwerp), basis 50,000 mt was assessed by Platts as unchanged at  $8,500/d,” Platts said.

According to shipping sources cited by Platts,  hope lies in trans-Atlantic petcoke and grain stems coming out for mid-late August dates that should bring in higher rates.

On the other hand, prospects do not look so promising for East Coast South America, since, as explained by shipping sources “Supramax grain and soybean stems to UK Continent are very thin.

Press Release, August 4, 2014

Share this article

Follow World Maritime News

In Depth>


<< Apr 2019 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >