USG Supramax/Ultramax levels show further decline

The USG Supramax/Ultramax market remains under pressure due to building-up of early July tonnage combined with a shortage of spot cargoes. Also, a widening gap between the weak Atlantic market and firmer Pacific segment sharpens competition for limited number of front-haul opportunities available:
TCT rates for large Supramax fleet bss dely USG redel FEast are hovering now at $25-26k daily;
The deal for a grain shipment by a 60k dwt carrier bss dely USG redel Japan has been signed at $27k daily with late June laycans;
The contract for a 61k dwt ship bss dely USG redel India has been concluded at $28k daily for spot laycans;
The deal for an Ultramax vessel bss dely USG redel WCCA has been signed at $33.5k daily;
Shipment of 50-55,000 t of petcoke from the USG to ECI with spot laycans may cost $57-60/t, which gives the TCE of $26-28k daily for a large Supramax carrier.

The T/A segment is fragile for spot laycans and rates are falling drastically:
Deals for Supramax/Ultramax fleet bss dely USG redel Skaw-Passero are discussed at $24-25k daily;
A large Supramax vessel has been fixed at $24k daily bss dely USG redel Med;
The deal for a small Supramax carrier bss dely USG redel Skaw-Passero is discussed at mere $17-19k daily;
The contract for a 61k dwt ship bss dely USG redel ECSA is negotiated at $21k daily;
The deal for a 55k dwt vessel bss dely USG redel ECSA has been signed at mere $17k daily;
A 61k dwt carrier has been chartered at $35k daily bss dely USG redel Med;
A Supramax ship has been fixed at $21k daily bss dely Canada redel Continent;
Transportation of 50,000 t of petcoke from Houston to Rotterdam with spot laycans is discussed at $25-26/t, which gives the TCE of $24-26k daily for a standard Supramax vessel.

The USG Handy segment is in a freefall this week:
TCT rates for large Handies are hovering at $17-18k daily bss dely USG redel Skaw-Passero;
The contract for a 33k dwt ship bss dely USG redel Caribs is discussed at only $15-16k daily;
A 33k dwt vessel has been fixed at $16k daily bss dely USG redel WMed;
The deal for a 32k dwt vessel bss dely USG redel WCCA has been signed at $18k daily.