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  • October 1, 2014
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  1. Business - Economy - SHIPPING

    Asian bulk capesize rates seen falling as ships exceed new cargo volumes

    Posted Jul 11th 2014, 01:31am by Reuters

    ... bulk capesize rates Rates for capesize bulk carriers on key Asian routes will continue to fall next week as the number of ships available for charter outpaces the volume of new cargoes, brokers said. "There is a lack of activity. There are quite a few fixtures, but the market is not exactly busy," said a Singapore-based capesize broker. The broker estimated around 12 capesize ...

  2. Capesize vessel rates falling, with iron ore build-up increasing fears

    Posted Jul 23rd 2009, 12:00am by Charlotte So

    ... and warehouses will push prices lower. The price index for the Capesize vessel, which is about 175,000 deadweight tonnes, has slid 29 per cent in the past month. It fell 3.8 per cent on Tuesday to 5,602 ... said Geoffrey Cheng, a transport analyst at Daiwa Institute of Research. 'This means iron ore imports will slow down in the fourth quarter.' The daily rate for chartering a Capesize ...

  3. Big ship rent rates sink amid slowdown

    Posted Jul 15th 2010, 12:00am by Howard Winn, Keith Wallis

    ... in rental prices. Charter rates for large dry bulk capesize vessels of around 180,000 deadweight tonnes are down to their lowest level for 14 months. The crash has been so swift that shipowners ... US$1.17 million from an Australia-China voyage based on the prevailing rate yesterday, compared with US$1.44 million last Thursday. Shipbrokers said rates for a large capesize vessel were on a par ...

  4. Business

    Bulk rates to decline further on Asian routes amid glut of ships

    Posted Jul 18th 2014, 02:57am by Reuters

    ... Reuters in Singapore Bulk rates to fall more amid glut of ships Rates for capesize bulk carriers on key Asian routes will fall more next week as cargo owners bide their time chartering ships and shipowners fail to resist charterers' attempts to push rates lower, brokers said. "It's all looking pretty grim," said one Singapore-based capesize broker, ...

  5. Shipping firm's beef about paint 'baseless'

    Posted Aug 02nd 2012, 12:00am

    ... tonne (dwt) dry cargo Capesize vessel to shipowner Knightsbridge Tankers that still had at least 26 months to run on the charter. Ship Finance and Knightsbridge are linked to Norwegian shipping ... for the four five-year charters. The Capesize ship, Golden Zhejiang, was chartered by Hong Xiang at US$32,326 per day until September 7, 2014, with an option for a two-year extension. Hjertaker ...

  6. Business - Companies - SHIPPING

    Cosco signs landmark deal with Vale for giant ore carriers

    Posted Sep 13th 2014, 04:47am by JING YANG

    ... it could actually be positive for the shipping market, according to James Leake, a managing director at London-based Arrow Research. "At most four capesize at any one time are employed ...

  7. Business - Commodities

    China steelmaking jump sparks rebound in freight rates after slump

    Posted Oct 16th 2013, 12:00am by BLOOM

    ... at the fastest pace in three years, spurring the biggest rally in shipping rates since 2009. One-time charters to haul the commodity on capesizes, the largest ore carriers, rose 51 per cent to 124 last ... really seen a restocking commencing." Daily rates for capesizes, each hauling about 160,000 tonnes, jumped to a 34-month high of US$42,211 on September 25, according to the Baltic Exchange, ...

  8. Jinhui companies warn of first-quarter profits drop

    Posted May 09th 2012, 12:00am

    ... the market outpaced cargo demand in recent months, depressing charter rates. This was particularly severe for larger ships including 180,000 deadweight tonne (dwt) Capesize vessels. The firm has about 40 ships in its fleet, including 33 Supramax vessels of about 56,000 dwt and two Capesize ships. British shipbroker Clarkson said average earnings for Supramax and Capesize vessels were ...

  9. Jinhui net profit slumps 75pc in first quarter

    Posted May 31st 2012, 12:00am

    ... fell close to or below some shipowners' cash break-even levels. He said two dry bulk Capesize ships, which can carry about 170,000 tonnes of iron ore or coal, were chartered to other operators at a loss last June after the previous high earning contracts were terminated. The average time charter equivalent earnings for each of the Capesize ships was US$10,750 a day in the first ...

  10. Industrial shipowners may squeeze charter deals

    Posted Apr 23rd 2011, 12:00am

    ... squeeze the volume of charter contracts open to dry bulk shipowners. Newbuilding statistics from British shipbroking house Clarkson show 353 capesize dry bulk cargo ships totalling almost 70.8 million deadweight tonnes are on order, of which 137 are more than 200,000 dwt. At least 57 of these ultra large capesize vessels are directly linked to cargo-owning shipowners, including 31 ...




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