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Supra market of Baltic & Continent faces some slowdown

03.05.18
15:57

Some decrease in trade is reported in the Supramax sector of the Baltic & Continent in early May. Market players partly refer this to holidays in most countries of the region. Meanwhile, the tonnage supply is sufficient to ensure the current cargo traffic. Similar to the last week, ISM sources mainly note the requests for transportation of steel scrap and fertilizers, while offers of coal and iron ore are sporadic.

The charterers try to lower the rates and manage to do that in some cases. The Supramax time-charter bss dely Continent redel EСSA is quoted at $9k daily. Such vessel has been chartered at $18k daily bss redel India. The rates for a 52,000 dwt carrier bss dely Continent redel WAfr are negotiated at $12-12.5k daily. The charterers have entered the market with an offer of steel scrap for Supramax/Ultramax shipment from the UK to Turkey; note that about five vessels open nearby are competing for this offer. The owners' ideas are voiced at $15-16k daily bss open UK, while the charterers are ready to pay about $14-14.5k daily. On the voyage-basis, carrying 40-45,000 t of steel scrap from the ARA ports to Iskenderun is still estimated at $17-17.5/t.

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