The Supramax/Ultramax market picture has got more positive this week. Thus, in addition to brisk coal traffic ex SAfr towards the Far East and Atlantic Ocean, players report increased cargo offer ex Persian Gulf ports. As a result, owners have managed to raise rates despite a long list of vessels open off WCI. Meanwhile, the cargo traffic for ECI ports stays rather limited, with only some sporadic requests for rice transportation entering the market. Thus, corresponding TCT deals are negotiated $1-2k daily above last week’s levels.
As for the PG/WCI region:
A 57k dwt vessel has been fixed at $24.5k daily for coastal salt transportation bss DOP Kandla redel WCI;
The contract for another 57k dwt ship bss dely Kuwait via UAE redel WCI has been signed at $27k daily;
A carrier of 57k dwt has been chartered at low-mid $29s k daily bss APS Fujairah redel Bangladesh;
On the voyage basis, the contract for shipment of 50,000 t of limestone from the UAE to WCI has been signed at $15.5/t with July 24-28 laycans (equivalent to around $23.5k daily bss dely Kandla);
Transportation of 50,000 t of limestone from the UAE to ECI costs $22.75/t.
With regard to the ECI area:
A 56k dwt ship has been fixed at $32k daily for bagged rice transportation bss DOP ECI redel Durban;
On the voyage basis, carrying 50,000 t of iron ore from Vizag to Tianjin is estimated by ISM at $26.25/t with 8,000c/12,000c l/d rates.
As for the SAfr market:
Brokers suggest $27k daily + $700k bb for Ultramax fleet bss APS SAfr redel Far East, while relevant rates for Supramax tonnage are voiced by brokers at $26k daily + 600k bb;
A Supramax vessel can be fixed at $42k daily bss APS SAfr redel Continent;
Reportedly, a 62k dwt ship has been fixed at $31k daily + $400k bb bss APS Mozambique redel ARA;
On the voyage basis, the contract for shipment of 55,000 t of manganese ore from Port Elizabeth to China has been signed at $45/t with July 1-8 laycans;
Transportation of 50,000 t of coal from RBCT to Pakistan costs $31.5/t ($1.25t up from last week).
