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Another Alcyon capesize fixed on period charter

Greece’s Alcyon has fixed a second capesize bulk carrier on period charter in the space of two days, this time at a firmer rate than was reported in Tuesday’s fixture.

The owner has fixed Ioannis (180,000 dwt, built 2015) to Oldendorff for four to seven months at a rate of $9,300 daily, according to Baltic Exchange data. The vessel will deliver in Pohang, South Korea on Thursday.

On Tuesday, Louis Dreyfus reportedly fixed Alcyon’s cape Nightwing (170,000 dwt, built 2006) on a four- to seven-month timecharter at the lower rate of $8,000 per day, delivering in China between August 4-7.

Meanwhile, the gulf between period and spot rates continues to widen for capesizes.

The weighted timecharter average rate (TCA) of the Baltic’s five major capesize routes was today assessed at $5,723 per day, a $336 decrease from Tuesday’s level.

The capesize TCA rate has fallen every consecutive trading day since July 15, when it reached a near-two-month peak of $7,548 per 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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