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Oldendorff fixes Zodiac super-cape on timecharter

Oldendorff has fixed Zodiac Maritime’s super-capesize bulk carrier  Cape Merlin (206,312 dwt, built 2005) on a five- to seven-month period charter for $9,500 per day.

In contrast, Noble is today reported to have fixed Star Bulk’s super-cape Star Poseidon (207,765 dwt, built 2016) in the spot market at $10,900 daily for a trip from Tianjin via Brazil, redelivering in Singapore/Japan, according to Baltic Exchange data.

Cape Merlin was, however, fixed at $100 more than what Oldendorff is paying for the super-cape it fixed in June. Hong Xiang Shipping’s Wish Star (205,797 dwt, built 2015) was fixed for six to nine months at $9,400 daily.

The Baltic Capesize Index saw another tiny rally today, thanks to slightly firmer rates and healthy chartering activity on iron ore runs from Brazil and Western Australia. Rates fell on other benchmark routes, however.

Declines seen in other bulk carrier markets caused the Baltic Dry Index to fall a further five points to 636 today.

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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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