LME’s for 5/7 months delivered in Pacific were trading around US$52,000/day. In the Atlantic, the market is similarly driven by period fixture. LMEs were fixed around US$55,000/d for 4 to 6 months when Atlantic round voyages were reaching higher numbers. Panamax delivered in the Pacific were priced at about USDry Bulk Carriers Orderbook $48,000/day for 1 year period and about US$40,000/day for two years last week. An interesting forward delivery (dely WW Dec. 07 / Mar. 08) of a 71,700dwt lady built 1990 was reported fixed at US$23,450/day for 5 years, and relet for US$24,450/day for 5 years on the same day.
With all routes having increased by around US$1,500/2,000 per day during the week, Handies freight levels reached new records. In the Atlantic, Supramax obtain in excess of US$65,000 daily for a trip USG/Continent and modern Handysize 32,000 dwt can fix US$42000 for same route.
Average t/c rates in Pacific are now in the region of US$41/42,000 for Supramax and US$26,000 for Handysize 28,000 dwt with a strong confidence in the future for some operators for instance a 33,000 dwt has been reported at a healthy US$25,500 for 2 years and Supramax obtain approximatively same level for 1 year than for spot t/c rates in the Pacific.
source: Barry Rogliano Salles, Shipbrokers, Paris

