Asia Dry Bulk-Capesize rates to remain steady after recent gains

jueves 14 de mayo de 2015 04:34 GYT
 

* Australia-China rates hit highest level in five months

* Brazil-China rates climb to highest in over three months

* Tonnage supply tightens after fixture activity-ship broker

By Keith Wallis

SINGAPORE, May 14 (Reuters) - Rates for capesize bulk carriers, which climbed to their highest since at least January on Wednesday, are likely to remain steady next week on tighter tonnage supply, ship brokers said.

That comes as charterers could hold back cargoes to cool this week's rise in freight rates, a Singapore-based capesize broker said on Thursday.

"The capesize market is quite tight for June-loading dates. We could see rates climb or hold steady next week."

"Capesize rates from Brazil and South Africa and for transatlantic voyages are still pushing up. There's been quite a lot of activity this week," the broker said.

There have been more than 40 capesize fixtures since May 7, according to Reuters chartering data with multiple charters arranged by miners, including Vale and BHP Billiton , and operators such as Germany's Oldendorff Carriers.   Continuación...