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Coaster Freight Index: Comprehensive data on shortsea shipping

Handy freight market. Atlantic Ocean // week 46

18.11.16
14:16

Positive trends are reported in the USG & USEC Supramax/Ultramax shipping segment in mid-November. This is partly due to a rapid surge in Panamax rates in the region. Market players say that main cargoes (grain, petcoke, coal) are regularly offered in the market, though in rather small volumes, as the charterers are waiting to enter in the market in order not to pump it up. According to the market participants, the number of vessels open for spot dates is now limited. In these circumstances, the owners have managed to raise the rates. The rates for Supramax fleet chartered for grain transportation bss dely USG redel Spore-Japan are voiced by brokers at $15-16k daily, those for Ultramax vessels – at $16.5-17.5k daily. According to ISM sources, the deal for a Supramax carrier bss dely USG redel Spore-Japan with late November laycan dates has been signed at $16.5k daily. Similar contract with November 21-30 laycan dates is negotiated at $16.5k daily. The charterers are reportedly ready to pay about $14.5k daily for a Supramax ship chartered bss dely USG redel Spore-Japan. The deal for an Ultramax vessel bss dely USG redel China has been signed at $17k daily. The contract for transportation of a Supramax-lot of grain from the Gulf of Mexico ports to China with early December laycan dates is now negotiated at $33-34/t. The time-charter for Supramax/Ultramax fleet bss dely USG redel WCCA/WCSA is quoted at $18-20k daily. An Ultramax carrier has been chartered at $17k daily bss dely USG redel WCSA. The rates for Supramax fleet chartered for shipments on transatlantic routes are within $13-14k daily. The time-charter for Ultramax vessels bss dely USG redel Continent is quoted at about $14-15k daily. The deal for an Ultramax carrier bss dely USG redel Spain has been signed at $13.75k daily. The contract for a similar ship bss dely Canada redel Spain has been concluded at $14.5k daily. The deal for a 61,000 dwt vessel bss dely NCSA redel Cristobal with November 21-30 laycan dates has been signed at $14k daily. An Ultramax carrier has been chartered at $13.25k daily bss dely USG redel Cristobal with late November laycan dates. A Supramax-lot of petcoke from the Gulf of Mexico ports to Spain has been fixed at $14-15/t.

An upward trend is preserved in the Handysize segment. The time-charter for Handysize fleet bss dely USG redel WMed is quoted by brokers at $10k daily on average, that bss redel EMed – at about $11k daily. According to ISM sources, a Handysize carrier with good specs has been chartered at $10k daily bss dely ECCA redel Skaw-Passero. The deal for a 38,000 dwt carrier bss dely USG redel Med has been signed at $11.5k daily. The contract for a Handysize ship bss dely USG redel ECCA has been concluded at $13k daily. Similar vessel has been chartered at $17k daily bss dely USG redel WCI.

The situation looks favorable for the shipowners in the ECSA freight market. Participants report that the charterers face difficulties finding the vessels for November laycan dates. The rates have started to grow given the shortage of available carriers in the region. The time-charter for Supramax fleet bss dely ECSA redel Spore-Japan is quoted by brokers at $11.75k daily + $175k bb (compared to $10k daily + $100k bb last week). An Ultramax vessel can be chartered at $12-12.5k daily + $200-250k bb on the same basis. The rates for transatlantic shipments have also increased. The time-charter for Supramax carriers bss dely ECSA redel Skaw-Passero is quoted at $10-11k daily. The deal for a 58,000 dwt vessel bss dely ECSA redel Skaw-Passero is negotiated at $11.25k daily. Prompt contract for a Supramax ship bss dely ECSA redel Continent has been concluded at $9.5k daily. Positive trends are also reported in the Handysize segment. The rates for such fleet chartered bss dely ECSA redel Skaw-Passero now amount to $9-10k daily. A Handysize vessel has been reportedly chartered at $10k daily bss dely ECSA redel WCSA. According to brokers, the time-charter for such carriers bss dely ECSA redel RSea is quoted at about $11-12k daily, that bss dely ECSA redel FEast – at $10-11k daily. According to ISM sources, the charterers are ready to pay $24-25/t for shipment of a Handysize-lot of grain from Argentina (Up River ports) to Algeria with December laycan dates.

The USG & USEC rates may go up further in the short term amid the expected increase in the offer of US grain. Also, the demand for Ultramax fleet may strengthen due to significant jump in Panamax shipping fees.

The shipowners will apparently succeed in lifting the rates in the ECSA given the scant tonnage supply for November dates.

Soybean (sf 50`), 45-50,000t, USG - Rotterdam, $/tonne

Time-charter-trip rates, $/day

Soybean meals (sf 54'), 25,000t, Paranagua - Riga, $/tonne

Current Supramax abt 55,000 dwt TCT rates bss APS delivery

USG - Continent 13k daily
USG - Med 14k daily
USG - Far East 15-16k daily
ECSA - Continent 10k daily
ECSA - Med 11k daily
ECSA - Far East 11.75k daily +175k bb

Current Handysize abt 30,000 dwt TCT rates bss APS delivery

USG - Continent 10k daily
USG - Med 10-11k daily
ECSA - Continent 9-10k daily
ECSA - Med 10-11k daily

Spot/ppt freight assessments on main trade routes ex Atlantic Ocean ports

Cargo Lot Loading port Country Discharging port Country Given load rate Given disch rate Rate, $/tonne w-o-w
iron ore 40,000t Tubarao Brazil Northern ports China 20000c 20000c 23 +1.5
alumina 15-20,000t Rocky Point Jamaica Koper Slovenia 7000c 7000c 24 +1
bauxite 50,000t Rhoades Jamaica Longkou China 15000c 15000c 25-26 +1
scrap (sf 52-55`) 45,000t Atlantic Coast USA Alexandria Egypt 7000c 4000x 17-18 +1
scrap (sf 52-55`) 45,000t Atlantic Coast USA Iskenderun Turkey 7000c 8000c 16-17 +1
petcoke (sf 47') 50,000t Gulf of Mexico USA Southern ports China 20000c 20000c 31 +1
petcoke (sf 47') 50,000t Gulf of Mexico USA Pipavav India 20000c 15000c 30-31 +1
petcoke (sf 47') 50,000t Gulf of Mexico USA Krishnapatnam India 20000c 15000c 28 +1
petcoke (sf 47') 45,000t Houston USA Iskenderun Turkey 20000c 20000c 17 +1
coal 50,000t Buenaventura Colombia Praia Mole Brazil 15000c 15000c 15-16 +1
coal 50,000t Cartagena Colombia Itaguai Brazil 15000c 15000c 13 +1
fertilizers 25,000t Gulf of Mexico USA Veracruz Mexico 8000c 5000c 15-16 +1
fertilizers 25,000t Gulf of Mexico USA Barranquilla Colombia 8000c 4000c 17 +1
fertilizers 25,000t Gulf of Mexico USA Buenaventura Colombia 8000c 4000c 24 +1
wheat (sf 47-48') 45-50,000t Parana River ports Argentina Chittagong Bangladesh 8000x 3000x 28 +1
wheat (sf 47-48') 45-50,000t Parana River ports Argentina Kohsichang Thailand 8000x 3000x 29-30 +1
wheat (sf 47-48') 25,000t Gulf of Mexico USA Rotterdam / Antwerp Netherlands / Belgium 7000x 7000x 22-23 +1
wheat (sf 47-48') 25,000t Gulf of Mexico USA Alexandria Egypt 7000x 4500x 25-26 +1
wheat (sf 47-48') 25,000t Gulf of Mexico USA Northern ports Brazil 7000x 6000x 24-25 +1
wheat (sf 47-48') 20,000t Gulf of Mexico USA Sicily Italy 7000x 6000x 25 +1
maize (sf 49-50') 45-50,000t Rosario Argentina Alexandria Egypt 8000x 5000x 22-23 +1.5
maize (sf 49-50') 45-50,000t Santos Brazil Alexandria Egypt 8000x 5000x 18-19 +1.5
maize (sf 52') 45,000t Gulf of Mexico USA Dakar Senegal 10000x 3000x 20 +1
maize (sf 52') 45,000t Gulf of Mexico USA Rotterdam / Antwerp Netherlands / Belgium 10000x 8000x 19 +1
maize (sf 52') 45,000t Gulf of Mexico USA Alexandria Egypt 10000x 5000x 21-22 +1
maize (sf 52') 45,000t Gulf of Mexico USA Southern ports China 10000x 8000x 33-34 +1
maize (sf 52') 25,000t Gulf of Mexico USA Puerto Cabello Venezuela 7000x 4000х 24 +1
maize (sf 52') 25,000t Gulf of Mexico USA Barranquilla Colombia 7000x 5000х 23-24 +1
maize (sf 52') 25,000t Gulf of Mexico USA 1 port Haiti 7000x 4000х 22-23 +1
maize (sf 52') 25,000t Santos Brazil Alexandria Egypt 6000х 4500x 24 +1.5
soybean meals (sf 54') 40-45,000t Rosario Argentina Rotterdam / Antwerp Netherlands / Belgium 8000x 8000x 22 +1.5
soybean meals (sf 54') 40-45,000t Santos Brazil Rotterdam / Antwerp Netherlands / Belgium 8000x 8000x 17-18 +1.5
soybean meals (sf 54') 25,000t Paranagua Brazil Rotterdam / Antwerp Netherlands / Belgium 7000x 7000x 22-23 +1.5
soybean meals (sf 54') 25,000t Paranagua Brazil Riga Latvia 7000x 6000x 25-26 +1.5
soybean meals (sf 54') 25,000t Paranagua Brazil Thessaloniki Greece 7000x 6000x 24-25 +1.5
soybean meals (sf 54') 25,000t Rosario Argentina Riga Latvia 7000x 6000x 29 +1.5
soybean (sf 50') 45-50,000t Gulf of Mexico USA Rotterdam / Antwerp Netherlands / Belgium 10000x 8000x 18-19 +1
soybean (sf 50') 45-50,000t Gulf of Mexico USA Dakar Senegal 10000x 3000x 19-20 +1
soybean (sf 50') 45-50,000t Gulf of Mexico USA Nagoya Japan 10000x 8000x 33 +1
soybean (sf 50') 45-50,000t Santos Brazil Rotterdam / Antwerp Netherlands / Belgium 8000x 8000x 18 +1.5
soybean (sf 50') 45-50,000t Santos Brazil Southern ports China 8000x 8000x 25 +1.5
soybean (sf 50') 25,000t Santos Brazil Rotterdam / Antwerp Netherlands / Belgium 8000x 8000x 21-22 +1.5
sorghum (sf 47`) 45-50,000t Gulf of Mexico USA Northen ports China 8000x 8000x 31 +1
sugar (sf 46') 45,000t Santos Brazil Alexandria Egypt 8000x 6000x 20-21 +1
sugar (sf 46`) 45,000t Santos Brazil Jeddah Saudi Arabia 8000x 4000x 23 +1
sugar (sf 46') 30,000t Maceio Brazil Constanta Romania 7000x 5000x 24 +1
sugar (sf 46') 30,000t Santos Brazil Constanta Romania 7000x 5000x 25-26 +1
sugar (sf 46') 30,000t Santos Brazil Poti Georgia 7000x 3500x 27-28 +1

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