Atlantic Handysize Dry Market Taking an Upward Curve


Front-haul rates for handysize fleet are increasing in the US Gulf as more grain stems come onto the market and the tonnage list is thin, Platts writes citing unnamed shipping sources.

A 58,000 dwt vessel can now expect to achieve $20,000/d to take grain stems from the US Gulf Coast to China with September dates, $500/d higher than Tuesday. There is a lot of cargo available for September dates and the tonnage list is fairly thin, Platts’ sources said.

“As a result of thinning tonnage in the US Gulf, rates from the US Gulf to Amsterdam-Rotterdam-Antwerp have pushed up to $14,000/d for Supramaxes. While there is less cargo available for European discharge than front haul, with vessels achieving higher numbers for trips to the East, owners are raising their offers for trans-Atlantic business too,”  Platts added.

What is more, as large operators book more vessels on the short-period market it can be assumed that “the market is on an upward curve and want to lock in vessels at the current rates.”

Source: Platts, August 28, 2014

Share this article

Follow World Maritime News

In Depth>


<< Mar 2020 >>
24 25 26 27 28 29 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 31 1 2 3 4 5

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >