Despite long tonnage list in the region caused by the ballaster inflow from Indian Ocean, Supramax/Ultramax owners have managed to switch the market trend in their favor amid a further increase in demand for new coal shipments ex Chinese ports, while coal traffic on the Indo-India route stays limited. Corresponding TCT rates are as follows:
With regard to the Chinese direction, a Supramax ship has been fixed at $27k daily bss passing Singpore via Indo redel China (around $1-2k daily up from last week);
Another Supramax carrier has been chartered at $28.25k daily bss dely Philippines via Indo redel Taiwan;
A 52k dwt vessel has been chartered at about $28k daily bss DOP Indo redel China;
The contract for Supramax transportation of tapioca chips bss dely Thailand redel China has been signed at $25.5k daily;
A 57k dwt carrier has been chartered at $31.5k daily bss DOP Indo redel Philippines;
A 58k dwt ship has been fixed on subs at mid-$20s k daily bss dely ECI via Indo redel Far East;
If talking about the Indian direction, a 64k dwt vessel has been chartered at $35k daily bss DOP Philippines redel Pakistan;
Another 64k dwt carrier has been fixed at $38k daily bss DOP Indo redel WCI.
On the voyage basis, the deal for shipment of 55-60,500 t of coal from East Tanjung-Jabung (Indonesia) to Koh Si Chang has been concluded at $14/t with 8,000c/11,000c l/d rates and June 29 - July 4 laycans (equivalent to around $30k daily bss dely Singapore);
The contract for transportation of 55,000 t of coal from Aceh to WCI has been signed at $23.5/t with June 13-19 laycans;
A 50-55,500 t lot of coal has been fixed from S.Kali to mid China at $18.8/t with June 18-24 laycans;
The deal for shipment of 50,000 t of coal from E.Klai to Shanghai has been signed at $20.5/t with June 22-28 laycans;
The contract for transportation of 42,000 t of coal from S.Kali to the Yangtze River port has been concluded at $25/t with June 18-24 laycans (equivalent to around $26.5k daily bss dely Singapore);
Carrying 55,000 t of barley from Kwinana to S.China with 10,000x/8,000x l/d rates is quoted by ISM at $45/t.
Meanwhile, the sentiment remains negative for Handysize owners given limited cargo traffic both from SE Asian and Australian ports:
A large Handysize vessel has been fixed at low $20s k daily bss dely SE Asia redel S.Korea;
A 35k dwt ship has been chartered at $28k daily for alumina transportation bss dely S.China via Indo redel ECI;
A 32k dwt carrier was fixed and failed subs at low $27s k daily for sugar transportation bss DOP Thailand redel Indo;
A 27k dwt vessel has been chartered at $19.9k daily for a dolomite shipment bss DOP Thailand redel Taiwan;
A Handymax ship has been fixed at $29k daily bss dely Singapore via Indo redel China with prompt laycans;
On the voyage basis, carrying 27,500 t of alumina from E.Australia to Lianyungang with 20,000c/12,000c l/d rates is estimated by ISM at $68.25/t ($2.25/t down from last week).
