Back-haul Suprmax/Ultramax TCT rates have stabilized in the Far East after another $2-3k daily drop reported late last week. Players report increased cargo offer ex CJK ports, which allows owners to stand their ground. Meanwhile, the cargo traffic from NOPAC ports stays limited. Corresponding TCT rates are as follows:
The contract for a 61k dwt ship bss DOP N.China redel WCCA is discussed at low-mid $30s k daily;
A 58k dwt vessel has been chartered at $30k daily for steel transportation bss dely S.Korea via N.China redel Brazil with early July laycans;
Another large Supramax carrier has been fixed on subs at low-mid $30s k daily bss DOP N.China redel PG;
A 57k dwt ship has been chartered at $26k daily for steel transportation bss dely S.Korea via China redel Indonesia;
A 56k dwt vessel has been fixed on subs at high $30s k daily bss dely Japan redel Chittagong;
Another Supramax carrier has been fixed at around $30k daily bss dely Far East redel WAfr;
As for the NOPAC sector, owners of a scrubber-fitted Ultramax ship are seeking to get $35k daily for a NOPAC RV bss dely S.Korea;
With regard to the CIS, Supramax TCT deals bss CIS RV dely N.China are negotiated at mid-$30s k daily.
On the voyage basis, transportation of 55,000 t of coal from Vanino to Shanghai is quoted by ISM at $23.5/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 $40.5/t;
Shipment of 50,000 t of grains from Vancouver to Taiwan with 10,000x/6,000x l/d rates is quoted by ISM at $61.5/t.
Handysize TCT rates have dropped by around $1k daily from last week’s levels amid slower cargo traffic ex regional ports and long tonnage list in the region:
A 39k dwt ship has been fixed at $27k daily bss dely Qingdao via N.China redel Malaysia;
A 38k dwt vessel has been chartered at $38k daily for logs transportation bss dely Vancouver redel China;
A 34k dwt carrier has been fixed at $34k daily for steel transportation bss dely S.China redel Continent;
A 29k dwt ship was fixed and failed subs at $17k daily for coal transportation bss dely Hong Kong via CIS redel China;
A 28k dwt vessel has been fixed on subs at $22k daily bss dely N.China redel SE Asia;
On the voyage basis, carrying 30,000 t of bulk DAP from Zhenjiang to Karachi with 10,000c/4,500x l/d rates is quoted by ISM at $59.75/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 $29/t.