Dry Cargo

Anglo American takes capesize on timecharter

UK-based miner Anglo American has fixed a capesize bulk carrier on an 11- to 16-month timecharter.

The Samjohn Solidarity (180,702 dwt, built 2010), which is owned by Samonas-led Golden Flame Shipping, was fixed at $10,600 daily, according to brokers’ reports.

Although many hoped rates would pick up again after the end of China’s Golden Week, one-year timecharter rates have remained at this subdued level all week. On Tuesday, EdF fixed Neda Maritime’s cape Nymphe (180,000 dwt, built 2009) for a year also at $10,600 daily.

Today’s Baltic Capesize Index was assessed at 1,358 points, down 89 on yesterday, maintaining the bearish trend seen in recent weeks. The index has lost 240 points over the past seven days.

Similarly, today’s BCI timecharter average rate fell by $585 on yesterday’s level to reach $9,451/day.


Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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