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  Atlantic rates jump on cargo influx

  PANAMAX Atlantic rates have climbed to a seven-week high as an influx of cargoes built up over the western hemisphere’s holiday season caused a surge in activity.
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  ‘Healthy’ end to year for panamax Atlantic owners

  PANAMAX owners operating ships in the Atlantic have ended 2009 on a high note with rates at some of the highest levels seen this year.
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  Charterers hold back to put pressure on Atlantic rates

  CHARTERERS are holding back from fixing end December and early January panamax cargoes in a bid to bring Atlantic spot rates down further.
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  South China thermal coal demand stokes Pacific rates

  RISING demand from south China for imported thermal coal has boosted the Pacific supramax market this week, with rates set to rise further as the winter season continues.
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  Norden moves into dry bulk with newbuild

  NORDEN is set to take delivery of the first of eight post-panamax bulk carriers, <em>Nord Delphinus,</em> in January.
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  Retreat in Atlantic rates could bring out cargoes

  RATES to hire panamax bulk carriers in the Atlantic market have retreated below $40,000 per day for voyages to the Far East after charterers held back cargoes from the spot market.
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  Rates to slide in Atlantic basin as charterers hold back cargoes

  PANAMAX owners trading in the Atlantic region can expect rates to slide over the next couple of weeks, with cargo inquiry poised to fall after last week’s rate correction, <em>writes Liz McCarthy</em> .
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  Eitzen eyes expansion with dry bulk division merger

  EITZEN Bulk and Dampskibsselskabet Orion in Copenhagen have agreed to merge. The two divisions are majority-controlled by the Oslo-based Camillo Eitzen Group, which sees a merged entity as providing a platform for growth but also facilitating a potential merger with Indonesia’s BLT Group.
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  Eitzen Bulk and Orion to merge

  Merger seen platform for further growth.
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  China calls the shots

  THE Baltic Dry Index has been rising steadily since October, and for this we can be forgiven a little elation. The index, now famous in the general press as a bellwether of economic growth or the reverse, has edged above its peak this June. This makes its level the highest since the collapse of the global economy in September 2008.
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  US grain exports keep Atlantic market ‘hot’

  PANAMAX owners operating in the Atlantic can expect rates to remain what one broker described as “hot” this week as increasing demand for US grain exports continues to absorb available tonnage.
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  Charterers fail to drag down surging Atlantic rates

  DEMAND for panamax bulk carriers in the Atlantic basin has slowed this week as charterers and operators step back from the market hoping rates will fall from the 14-month highs reached this month, <em>writes Liz McCarthy</em> .
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  Hebei Two's feat should not be underestimated

  <em>Open Letter from V.Ships Shipmanagement chief executive Bob Bishop</em>
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  Ship shortage pushes rates to three-month high

  PANAMAX Atlantic rates have reached a three-month high as a lack of readily available tonnage continues to push charterers into paying increasing prices for prompt ships.
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  Fall in China steel output hurts Belships

  OSLO-listed bulk vessel owner and operator Belships reported a third-quarter operating profit of $1m, compared with $7.5m during the third quarter a year earlier, <em>writes Craig Eason</em> .

Market Data

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