Brokers report that Navios Maritime Partners has fixed its panamax bulk carrier Navios Hyperion (75,707 dwt, built 2004) to EdF on a five- to seven-month period charter.
The vessel was fixed at a rate of $5,800 per day, delivering in Masinloc in the Phillippines between April 30 and May 5.
Greece’s Magna Marine is also today reported to have fixed a panamax to an unnamed charterer for four to eight months at a daily rate of $5,750. The vessel will deliver promptly in Shanghai.
Spot rates have now eclipsed short-term period rates in the panamax market. Today, the Baltic Panamax Index’s (BPI) weighted timecharter average (TCA) rate was assessed at $5,893 per day, an $97 increase on Friday’s level. Rates on routes heading from Skaw/Gibraltar to Taiwan/Japan saw the biggest daily increase in rates, along with those for round-trips across the Atlantic.
The Baltic indices for all vessel tonnages saw further increases today, with capesizes seeing the biggest boost. This helped the Baltic Dry Index advance by 24 points from Friday’s level to be assessed at 659 points today.