Panamaxes cheaper than Ultramaxes on trips from ECSA
The ECSA has been steady with Ultramaxes fixed at US$ 15,250 daily plus US$ 525,000 BB whilst Pana- maxes have been cheaper; hence chars are trying to change to Panamaxes whenever possible. (p. 1)
Eastern Handysize rates stay in the doldrums
Owners of 32,000 dwt tonnage were talking middle US$ 5,000 daily for a trip from China to USWC. (p. 1)
Scrap prices correcting as Turkish mills buy less
Spot market prices for scrap metal in Europe took a sharp fall last week in sync with falling steel prices and cooling demand to Turkish steel mills. (p. 2)
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