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Coaster freight market. Far East // week 46

17.11.16
16:19

The situation has not changed much in the Far Eastern freight market this week. The small-tonnage cargo traffic within the basin remains dull; most rates have stayed at the level of last week. However, the owners of vessels flying the Russian flag are still supported by the outflow of fleet owned by Asian companies given the approaching period of winter navigation.

Coal is still offered for transportation from Nakhodka, Vanino and Sakhalin ports on traditional routes. There are also the requests for shipments of steel scrap and pig iron from Primorsky region to South Korea; ferroalloys are occasionally offered for transportation from this part of the basin to China. The shipping volume of timber from the ports of Khabarovsk region and Olga to China is rather small. The requests for transportation of grain from Vladivostok to Japan are extremely rare in the market.

According to ISM sources, the transportation cost of 5,000 t of coal from Nakhodka to the eastern ports of South Korea has stayed at $8/t. Carrying 5,5-6,000 t of the cargo from Shakhtersk or Nevelsk to Japan is quoted within $12-14/t. The shipping fee for 5,000 t of pig iron from Nakhodka and Vladivostok to the west coast of South Korea is about $11/t; similar cargo lots are exported to Taiwan at $14-15/t. The rates for transportation of 4-6,000 cu m of timber from Vanino to northern China have stayed within $18-19/t; shipment from Olga on the same route costs $18/cu m. Carrying 4-5,000 cu m of timber from De-Kastri to China is quoted at $21/cu m on average. The shipping fee for 2-3,000 t of grain from Vladivostok to Japan is voiced within $17-19/t.

Salt as a backhaul cargo is offered for spot shipments from China to Japan. There are also the requests for transportation of steel products from China to South Korea. Clinker is offered for shipments from South Korea to Sakhalin ports. The transportation of 3-5,000 t of salt from China to Japan is negotiated at $12-13/t. Carrying 3,000 t of steel products from the northern Chinese ports to the east of South Korea is still estimated at $9-10/t. It may cost $13-14/t to have 3-5,000 t of clinker moved from South Korea to Sakhalin.

The traffic volume within the Far Eastern ports will hardly change much after November 20. Moreover, major market players predict stronger tonnage supply in the basin due to the inflow of vessels from the northern regions where the Northern Supply Haul has come to an end. This may put pressure on rates in the basin.

Coal, 5,000t, Nakhodka - Pohang, $/tonne

Saw log, 4,000m3, Vanino - Taicang, $/m3


Average round voyage TCE (given backhaul leg in ballast)

Route Current TCE, $/day w-o-w
Russian FEast - Yellow Sea, 5,000 DWCC 1270 +70

Spot/ppt freight assessments on main trade routes ex Far East ports

Cargo Lot Loading port Country Discharging port Country Given load rate Given disch rate Rate, $/tonne w-o-w
steel products 5,000t Nakhodka / Vladivostok Russia Incheon South Korea cqd cqd 10 =
rebar 10,000t Vladivostok Russia 1 port Thailand cqd cqd 16 =
wire rod 10,000t Vanino Russia 1 port China cqd cqd 13-14 =
wire rod 7,000t Vladivostok Russia Manila Philippines cqd cqd 19 =
wire rod 3,000t Vladivostok Russia Ho Chi Minh Vietnam cqd cqd 26 =
hot rolled coils 5,000t Vladivostok Russia Hong Kong China cqd cqd 13-14 =
aluminium 6,000t Nakhodka / Vladivostok Russia Ulsan South Korea cqd cqd 8.5-9 =
aluminium 5,000t Vanino Russia Yokohama Japan cqd cqd 14 =
aluminium 5,000t Vanino Russia Busan South Korea cqd cqd 12-13 =
aluminium 5,000t Nakhodka / Vladivostok Russia Incheon South Korea cqd cqd 10.5-11 =
aluminium 3,000t Nakhodka / Vladivostok Russia Incheon South Korea cqd cqd 12-12.5 =
pig iron 10,000t Nakhodka Russia 1 port Taiwan cqd cqd 11-12 =
pig iron 3-5,000t Vladivostok Russia Pohang South Korea cqd cqd 8-9 =
pig iron 3,000t Nakhodka Russia East Coast Japan cqd cqd 12-13 =
rutile, ilmenite concentrate 5,000t Sovetskaya Gavan Russia Ningbo China 2000c 2500c 17 =
rutile, ilmenite concentrate 5,000t Sovetskaya Gavan Russia Hong Kong China 2000c 2500c 19-20 =
scrap (sf 65-70`) 7,000t Magadan Russia Pohang South Korea 1250x 1250x 32-33 =
scrap (sf 65-70`) 5,000t Kholmsk Russia Pohang South Korea 1000x 1250x 21-22 =
scrap (sf 65-70`) 3-5,000t Vladivostok Russia Pohang South Korea 1250x 1250x 16 =
scrap (sf 65-70`) 3-5,000t Vladivostok Russia 1 port Taiwan 1250x 1250x 21-22 =
scrap (sf 65-70`) 3-5,000t Vanino Russia Incheon South Korea 1250x 1250x 22 =
scrap (sf 65-70`) 2-3,000t Korsakov Russia Pohang South Korea 700x 900x 23-24 =
coke 5,000t Vladivostok Russia 1 port China 2000c 2000x 16-17 =
ferroalloys 3,000t Lianyungang China Busan South Korea cqd cqd 9-10 =
ferroalloys 3,000t Lianyungang China Chiba Japan cqd cqd 14-15 =
ferroalloys 3,000t Lianyungang China Tobata Japan cqd cqd 11 =
coal 10,000t Vladivostok Russia Qingdao China 3500c 6000c 7-8 =
coal 5,000t Uglegorsk Russia East Coast Japan 2500c 3000c 13 n/a
coal 5,000t Vanino Russia Busan South Korea 2500c 2000c 11.5-12 =
coal 5,000t Nakhodka Russia Pohang South Korea 2500c 2000c 8 =
coal 5,000t Uglegorsk Russia Hakodate Japan 2500c 3000c 11 n/a
coal 3-5,000t Nakhodka / Vladivostok Russia Northern ports China 2000c 1500c 9.5-10 =
saw timber 5,000m3 Vanino Russia Busan South Korea 1250c 1500c 18-18.5* =
saw timber 5,000m3 Vanino Russia Northern ports China 1250c 1500c 18.5-19* =
saw timber 4,000m3 Vanino Russia Incheon South Korea 1000c 1250c 18.5-19* =
saw timber 4,000m3 Vanino Russia West Coast Japan 1000c 1500c 17-17.5* =
saw timber 4,000m3 Nakhodka Russia Hakata Japan 1000c 1500c 16-17* =
saw timber 4,000m3 Slavianka Russia West Coast Japan 1000c 1500c 16-17* =
saw log 5,000m3 Vanino Russia Shanghai China 1250c 1500c 19-19.5* =
saw log 4,000m3 Vanino Russia Dafeng China 1000c 1250c 18.5-19* =
saw log 4,000m3 Sovetskaya Gavan Russia Incheon South Korea 1000c 1250c 19* =
saw log 4,000m3 Nakhodka / Vladivostok Russia East Coast Japan 1000c 1500c 16-17* =
saw log 4,000m3 Nakhodka / Vladivostok Russia Niigata Japan 1000c 1500c 14-15* =
saw log 4,000m3 Nakhodka / Vladivostok Russia Busan South Korea 1000c 1250c 15* =
saw log 4,000m3 Nakhodka / Vladivostok Russia Incheon South Korea 1000c 1250c 16-17* =
saw log 4,000m3 Vanino Russia West Coast Japan 1000c 1500c 17-18* =
saw log 4,000m3 Vanino Russia Incheon South Korea 1000c 1250c 19* =
saw log 4,000m3 Vanino Russia Taicang China 1000c 1250c 18.5-19* =
saw log 4,000m3 Vanino Russia Donghae South Korea 1000c 1250c 18-18.5* =
saw log 4,000m3 Kholmsk Russia Incheon South Korea 1000c 1250c 19* =
saw log 4,000m3 Kholmsk Russia Taicang China 1000c 1250c 18-18.5* =
saw log 4,000m3 Olga Russia Shanghai China 1000c 1250c 18-19* =
saw log 3,000m3 Nakhodka / Vladivostok Russia Taicang China 1000c 1250c 17* =

Terms FIOS 1/1;

* - per m3

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