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ECSA Pmx/Kmx market enjoys growing activity and higher rates

11.04.18
14:16

Earlier this week the South Atlantic Panamax/Kamsarmax market looked slack and negative trends that prevailed last week persisted in the region. Closer to the mid-week, however, the segment for transportation of South American grain has started to perk up. Thus, brokers report that increased number of requests for shipments of agri products from the South American ports with late April laycans has allowed the owners to raise the freight level in the region. So, last week, the Kamsarmax time-charter bss dely ECSA redel Spore-Japan was quoted at about $15.5k daily + $550k bb, while a vessel of 82,000 dwt has been already chartered at $16k daily + $600k bb bss dely ECSA redel Spore-Japan with ETA ECSA on April 20. The deal for an eco-Kamsarmax carrier bss dely ECSA redel SE Asia with April 20-30 laycans has been signed at $16.3k daily + $630k bb. A Kamsarmax vessel has been chartered at $16.25k daily + $675k bb bss dely ECSA redel Spore-Japan with April 25-30 laycans. A ship of 87,000 dwt has been chartered at $18.5k daily bss dely Gibraltar via ECSA redel ECI. The deal for an eco-Kamsarmax vessel bss dely PMO via ECSA redel FEast is negotiated at $13.5-14k daily. Transportation of 60,000 t of grain from Santos to northern China with 2H April laycans is quoted by brokers at $33-34/t. Similar deals with May laycans are negotiated at $34/t.

Trade has perked up also in the transatlantic segment; the relevant rates have started to go up. So, the contract for an eco-vessel of 81,000 dwt bss dely ECSA redel Continent with 2H April laycans is negotiated at $21k daily. A Kamsarmax carrier has been chartered at $19.5k daily bss dely ECSA redel Poland with late April laycans. The deal for a 81,000 dwt ship bss bss dely ECSA redel Med is negotiated at $20k daily. A similar contract with ETA ECSA on April 27-28 is negotiated at $19k daily. A Panamax vessel has been chartered at $8.5k daily bss dely Gibraltar via WAfr redel Continent.

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