Rate downturn resumes on ECSA Panamax/Kamsarmax market
The ECSA Panamax/Kamsarmax market is under pressure despite the decent amount of cargoes for mid-July. Owners have to revise their ideas to compete for cargoes amid increased number of ballasters heading towards ECSA:
TCT rates bss ECSA RV are hovering at $24-25k daily for spot laycans;
The deal for a Panamax vessel bss dely SE Asia via ECSA redel Spore-Japan has been concluded at $23k daily;
A Kamsarmax ship has been chartered at $24.5k daily bss dely Singapore via ECSA redel Spore-Japan;
The deal for a Kamsarmax vessel bss dely India via ECSA redel FEast has been signed at $25.5k daily;
The deal for a Kamsarmax ship bss dely ECSA redel Spore-Japan has been signed at $26k daily +$1.6mln bb;
Voyage rates for shipment of 66,000 t of grain from Santos to Qingdao with spot laycans are voiced by brokers at $67-69/t, which gives the TCE of $23-25k daily;
The contract for shipment of 66,000 t of grains from Brazil to China with Aug laycans is negotiated at $70-72/t.
The transatlantiс segment is also coming under pressure amid tonnage oversupply for spot laycans:
Owners insist on mid-$40s k daily bss dely ECSA redel Skaw-Passero, while charterers are voicing levels of mid-high $30s k daily;
An 83k dwt vessel has been chartered at $26k daily + $590k bb bss dely ECSA redel Skaw-Passero;
The deal for a Panamax ship bss dely Med via WAfr redel Skaw-Passero has been signed at $18k daily;
The contract for shipment of 60,000 t of grains from Argentina to Egypt with spot laycans is negotiated at $51/t vs. $54/, which gives the TCE of $37k daily vs. $40k daily bss APS ECSA.