The ECSA Panamax/Kamsarmax market remains under pressure, with spot vessels seeing bids on the APS basis, while ships opening for later dates are holding DOP rates. In general, fixing activity is limited, with thin bids available and slightly softer rates. It looks like this week might not have much excitement:
TCT rates bss ECSA RV are hovering at $23-24k daily for spot laycans;
The contract for a Panamax vessel bss dely India via ECSA redel FEast has been signed at $22k daily;
The deal for a Kamsarmax carrier bss dely ECSA redel Spore-Japan has been signed at $25k daily + $1.5 mln bb with mid-July laycans;
Another contract for a Kamsarmax ship bss dely ECSA redel FEast has been concluded at $24k daily + $1.4 mln bb with 2H July laycans;
A Panamax vessel has been chartered at $22k daily + $1.2 mln bb bss dely ECSA redel FEast with mid-July laycans;
Voyage-basis rates for shipment of 66,000 t of grain from Santos to Qingdao with spot laycans are voiced by brokers at $65-67/t, which gives the TCE of $22-24k daily;
Transportation of 66,000 t of grains from Brazil to China with Aug laycans is negotiated at $69-71/t.
The transatlantic segment also remains under pressure amid tonnage oversupply for spot laycans:
Owners insist on low $40s k daily bss dely ECSA redel Skaw-Passero, while charterers are voicing levels of low-mid $30s k daily;
An 81k dwt vessel has been chartered at $37k daily bss dely ECSA redel Skaw-Passero;
A Panamax carrier has been fixed at $21k daily bss dely Gibraltar via ECSA redel Skaw-Passero;
The deal for a Kamsarmax ship bss dely Gibraltar via WAfr redel Skaw-Passero has been signed at $22k daily;
The contract for shipment of 60,000 t of grains from Argentina to Egypt with spot laycans is discussed at $49/t vs. $52/t, which gives the TCE of $35k daily vs. $38k daily bss APS ECSA.