time charter

Freight Rate Rise Increases Pressure on Dockside Scrap

  • An expected rise in freight rates for deliveries of ferrous scrap cargoes from Europe to Turkey is expected to lower the dockside prices.
  • Seaborne scrap market participants expect mills to try to drive down the imported scrap price by at least $10/t to around $310/t cfr Turkey.
  • The freight assessment for scrap cargoes from Amsterdam-Rotterdam-Antwerp (ARA) to Turkey was $12.50-13.50/t on 8 February — the lowest since the launch.
  • A $4,000/d hike in time-charter rates would result in a...

http://mfame.guru/freight-rate-rise-increases-pressure-on-dockside-scrap/

Castor Maritime Charters Panamax Vessel with Oldendorff

  • Castor Maritime Inc. entered into a time charter contract with Oldendorff Carriers GMBH & Co KG Luebeck for its panamax vessel .
  • The gross charter rate is US$11 250/d, for a period of a minimum of 5 months up to a maximum of about 8 months.
  • For the first 30 days period the daily gross rate is US$9000. The charter commenced on 12 March 2019.
  • This employment may generate approximately US$1.60 million of gross revenue for the minimum scheduled period.

On Thursday last week, Castor Maritime Inc.,...

http://mfame.guru/castor-maritime-charters-panamax-vessel-with-oldendorff/

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