The Far Eastern Supramax/Ultramax market picture has got positive again, with increased steels/general cargo traffic from CJK countries. Corresponding TCT rates are as follows:
Last week, Supramax vessels were fixed at low $20s k daily bss DOP CJK redel SE Asia, while corresponding TCT rates are already voiced by brokers at $24-25k daily;
As for back-haul traffic, a 60k dwt carrier was fixed and failed subs at $34.5k daily bss dely N.China redel WCCA;
Another Ultramax ship has been chartered at $35k daily for steel transportation bss DOP S.Korea redel WCMex;
A 64k dwt vessel was fixed and failed subs at $33k daily bss dely Shanghai redel USG;
Reportedly, owners of another 64k dwt carrier with good specs have managed to get a strong $42k daily bss DOP CJK redel Continent;
As for the Indian direction, a 52k dwt ship was fixed and failed subs at $34k daily bss dely CJK via Japan redel ECI;
On the voyage basis, transportation of 55,000 t of coal from Vanino to Shanghai is quoted by ISM at $22/t with 12,000c/12,000c l/d rates;
Carrying 45,000 t of urea from N.China to Tuticorin with 5,000c/10,000x l/d rates is estimated by ISM at $44.25/t.
Meanwhile, TCT rates bss NOPAC RV stay largely unchanged as players continue to report limited cargo traffic ex PNW ports:
Reportedly, an Ultramax vessel has been fixed at around $31k daily bss dely Bohai Bay via NOPAC redel Bangladesh;
Shipment of 50,000 t of grains from Vancouver to Taiwan with 10,000x/6,000x l/d rates is quoted by ISM at $54/t.
The sentiment has switched to positive also in the Handysize sector, with brisker steel traffic ex Japan and China:
A vessel of 28k dwt can be fixed at mid-$20s k daily for steel transportation bss dely CJK redel SE Asia;
A 28k dwt vessel has been chartered at $24k daily bss dely Japan redel S.Korea;
A carrier of 34k dwt has been fixed at $23k daily bss dely CJK via China redel S.China;
Reportedly, owners of an OHBS Handymax ship have managed to get a strong $42.5k daily for steel transportation bss dely mid China redel Med;
On the voyage basis, shipment of 30,000 t of bulk DAP from Zhenjiang to Karachi with 10,000c/4,500x l/d rates is quoted by ISM at $59/t;
Transportation of 30,000 t of coal from Vanino to Shanghai with 10,000c/10,000c l/d rates is estimated by ISM at $30-31/t.
