Asia-Pacific market looks promising for Panamax/Kamsarmaxowners
Panamax/Kamsarmax rates have shown minor decrease in the Asia-Pacific region given negative developments in 2H of last week. As of now, however, players note some positive shifts mainly given lengthy list of requests for coal shipments ex Indo:
The LME time-charter bss DOP dely S.China via Indo redel S.China is quoted by brokers at $21k daily, that bss redel Japan at $22-23k daily;
Charterers have managed to sign the deal for a Panamax vessel bss DOP dely Jiangsu via Indo redel China at $19k daily;
A Panamax carrier has been chartered at $24.5k daily bss DOP dely Philippines via Indo redel India.
As for coal traffic from Australia:
Kamsarmax owners are seeking to get $26k daily bss DOP dely CJK via E.Aus redel Japan and $27k daily bss redel India;
Shipment of a Panamax lot of coal from E.Aus to CJK is estimated by ISM at $25.5-26/t, that to ECI at $29/t;
The deal for transportation of 55-66,000 t of coal from E.Aus to Indo with July 20 - Aug 31 laycans has been signed at $35.5/t.
As for grain traffic from Australia, a Kamsarmax vessel has been fixed at $22.5k daily bss DOP dely Fujian via Aus redel Spore-Japan.
In the NOPAC sector, a Panamax carrier has been cahrtered at $25k daily bss DOP dely S.Korea via NOPAC redel Spore-Japan.
In the CIS, the LME time-charter bss DOP dely CJK via CIS redel Spore-Japan is quoted by brokers at $24-26k daily.