ECSA Supramax/Ultramax market grows stronger amid increased demand

29.09.2022 17:30
Tonnage: Handysize,  Supramax
Region: USG & USEC
Cargo category:  Coal,  Grain,  Raw materials

ECSA Supramax/Ultramax rates have inched up amid improved cargo flow. Owners of vessels open in WAfr insist to fix DOP bss for ECSA loading:

TCT rates for Ultramax fleet bss dely ECSA redel FEast are hovering at $17-18k daily + $700-800k bb, those for large Supramax vessels at $16k daily + $600k bb on average;

An Ultramax carrier has been chartered at $17.75k daily + $775k bb bss dely ECSA redel SE Asia;

A Supramax ship has been fixed at $16.5k daily + $650k bb bss dely ECSA redel China;

A 55k dwt vessel has been chartered at $21k daily bss dely DOP WAfr redel FEast;

Transportation of 40,000 of corn from Argentina to Malaysia may cost $60-63/t, which is equivalent to $18-20k daily bss DOP WAfr.

TCT rates for Supramax fleet bss dely ECSA redel Skaw-Passero are hovering at high $20s k daily;

The deal for a 56k dwt ship bss dely ECSA redel Med has been signed at $27k daily;

The contract for an Ultramax vessel bss dely ECSA redel Baltic has been signed at $32k daily;

A Supramax carrier has been chartered at $23k daily bss dely ECSA redel USG;

The deal for a large Supramax ship bss dely WAfr redel Continent has been signed at $22.5k daily;

Transportation of 35-40,000 t of grains from Upriver to Algeria with early Oct laycans is discussed at $56/t vs. $58/t, which gives the TCE of $27k daily vs. $29k daily for a large Supramax vessel.

Meanwhile, the Handy market keeps improving amid ongoing shortage of ships open for spot dates:

TCT rates for standard Handy tonnage bss dely ECSA redel Skaw-Passero are hovering at mid-$20s k daily;

The deal for a 39k dwt vessel bss dely ECSA redel Med has been signed at $29k daily for spot laycans;

A large Handy carrier has been chartered at $28k daily bss dely N.Brazil redel Continent;

The deal for a large Handy ship bss dely ECSA redel WCCA is negotiated at $32-34k daily;

The contract for transportation of 30,000 t of grains from Upriver to Algeria is discussed at $59/t vs. $63/t, which gives the TCE of $25k daily vs. $28k daily for a large Handy vessel bss APS ECSA;

Shipment of 30,000 t of grains from Upriver to Morocco is negotiated at $57/t vs. $60/t, which gives the TCE of $25k daily vs. $27k daily for a 38k dwt carrier bss APS ECSA.