Baltic Exchange Dry Index 4026 UP 75
BCI Baltic Exchange Capesize Index 7825 UP 177
BPI Baltic Exchange Panamax Index 3176 UP 68
BSI Baltic Exchange Supramax Index 1714 UP 15
BHSI Baltic Exchange Handysize Index 789 DOWN 7
17/6 2009 15:37 fcras 0
13683 Wednesday, 17 June 2009
Australia is spending hundreds of millions of dollars building the world's largest coal shipping port.
The new facility, at Newcastle, NSW, is costing $900m and will be the world’s largest coal exporter by the time it’s completed.
Built by a consortium of six mining companies, the new port will handle up to 66 million tonnes of coal each year.
“This is yet another example of Australia’s expanding economy and the confidence that exists in the country’s future,” says Darrell Todd, ceo of ThinkingAustralia.com.
“If you are considering a move to Australia, major projects like these offer great opportunities for jobs and migration”.
A free seminar is being held in London on Sunday June 21st offering comprehensive information about job opportunities in Australia and all aspects of migration including shipping, property and currency exchange.
It’s free to attend.
Source: Thinking Australia
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=52260&Itemid=79
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http://www.thinkingaustralia.com/news/brief_view.asp?id=968
Newcastle Port:
http://www.newportcorp.com.au/site/index.cfm?display=111612
17/6 2009 19:03 fcras 013705 The capesize voyage market may have dried up but how about over $62,000 a day for a short-term period charter!
The panamax market was awash with strong spot rates on Wednesday and once again RDB Armatori took the opportunity to relet units at decent profits.
The Mediterranean in particular saw hefty activity although Pacific round routes were also popular.
Capesizes
Swiss Marine is the one paying $62,500 a day for between five and seven months with the 179,000-dwt Ocean Road (built 2009).
The China-Australia round route picked up a slight bit from earlier in the week as BHP Billiton spent $85,000 a day on the 172,000-dwt CIC Pride (built 2002).
Further down the pecking order Rio Tinto only had to find $77,000 for the same voyage with the 150,000-dwt Front Viewer (built 1992).
Panamaxes
Oldendorff found a huge $40,000 a day from a run from the Med to the Black Sea and China with the 76,400-dwt De Ming Hai (built 2008).
The German is also taking the 70,100-dwt Apostolos (built 1995) from the Med to the Atlantic for $26,500.
Also from the Med but to South America and the Far East is the 77,300-dwt Jin He (built 2006) at $36,000.
And a trip from Northern Europe to the Med netted the 82,600-dwt Yiannis B (built 2008) $35,000 with Swiss Marine paying $2,000 a day less for the same journey with the 82,600-dwt Ellina (built 2008). The latter is a relet from RBD Armatori which may have had the ship on a previous charter at $30,000 a day.
A run from Japan to Australia and back to China set one Chinese player back $34,000 a day with the 75,300-dwt Maria Bottiglieri (built 1995). RBD Armatori had the ship on charter to Brittania Bulk for two years from the end of 2007 at $56,000 before the latter went under.
There were some decent-length charters around with Danzas paying $20,000 a day for 18 to 20 months with the 76,900-dwt Torm Antwerp (built 2008).
And Sinochart spent $23,000 daily on eight to 10 months with the 74,000-dwt Blumenau (built 2000).
Norden has the 76,000-dwt Ourania Luck (built 2000) for four to six months at $24,000 on relet from RDB Armatori. The Italian took the ship in March for at year at $15,000.
Supramaxes
Cargill paid a handsome $23,500 a day for between three and five months with the 47,000-dwt Genco Carrier (built 1997).
But one unidentified charterer beat this with the spot charter of the 52,700-dwt Tai Happiness (built 2004) from the Red Sea to the Black Sea and Persian Gulf at $34,000 which helped boost the index.
The 52,400-dwt Star Delta (built 2000) also got $34,000 per day for a spin from South America to China.
ED&F Man took the 53,600-dwt Vela (built 2007) from South America to the Med at $28,000.
And three India-China fixtures went from between $17,600 and $19,000 a day.
By Eoin O'Cinneide in London
Published: 14:58 GMT, 17 Jun 2009 | last updated: 14:58 GMT, 17 Jun 2009
