Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Dry bulk: Tight tonnage lifts US Gulf Coast Supramax market

LNG | Natural Gas | Natural Gas (North American)

LNG developers jockey for relevance at Gastech


Platts Dirty Tankerwire

Oil | Refined Products | Fuel Oil | Shipping | Dry Freight | Marine Fuels | Tankers

Mediterranean Bunker Fuel Conference, 8th Annual

Bunker Fuel | Shipping | Marine Fuels | Tankers

Bunkers supplier Monjasa awaits 0.5%S demand in Panama: Americas chief

Dry bulk: Tight tonnage lifts US Gulf Coast Supramax market

London — Freight rates in the US Gulf Coast Supramax and Ultramax market surged this week, as a clear-out of tonnage following the Christmas holidays left charterers scrambling to fix their prompt requirements.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The first signs of bullishness were felt late Monday and into Tuesday as participants reviewing their tonnage lists saw tight availability well into the second half of January, with shipowners adjusting their offers sharply upward as a result.

The more bullish fundamentals were more clearly in evidence Wednesday as a flurry of fixtures emerged including the Unity Discovery, 60,600 dwt, heard fixed on subjects at $26,000/day to MUR basis delivery Mississippi River when/where ready for a grains trip to Japan, while the Indra Oldendorff was heard fixed at similar levels to the Far East.

This compares with $24,500/d fixed on the Star Lutas, 61,000 dwt, the previous week, for a petcoke trip to China, a route which traditionally trades at a $1,000/d premium to grain voyages due to its shorter duration, as petcoke is more rapidly loaded and discharged than grains.

A similar trend was seen in voyage rates, with a 50,000 mt grains stem heard fixed from the US Gulf Coast to North China at $43.50/mt for standard load/discharge terms, up $1/mt from the previous week.

The Houston to Krishnapatnam petcoke route basis 50,000 mt was assessed at $42/mt Wednesday, while the Houston to Qingdao petcoke route same basis, was assessed at $40.50/mt, both up $1/mt from Friday's levels and near year-to-date highs on the firm fundamentals.

Tight tonnage is expected to lend support to freight into the second half of January, but rises in the US Gulf Coast will be capped by softness in the West Mediterranean, with the first ballasters already seen en route this week including the Karimu, 57,000 dwt, heard fixed $11,000/d basis DOP Huelva to ADMI for a grains trip via the Mississippi to Israel.

--James Duff,
--Edited by Jonathan Dart,