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Panamax/Kamsarmax owners still in troubles with ECSA prompt shipments

25.04.18
14:12

The situation remains tense for Panamax/Kamsarmax owners in the South Atlantic in late April. The relevant rates stay under pressure amid excessive tonnage supply. So, brokers report at least 35-40 Panamax/Kamsarmax vessels competing for grain shipments from South America with 1H May laycans, while only 15-20 cargo offers for these dates are seen in the market. As a result, deals for cargo transportation from the South American ports with May 1-20 laycans are signed at lower levels compared with last week. Last week, the rates for Kamsarmax fleet with good specs bss dely ECSA redel Spore-Japan amounted to $16k daily + $600k bb; note that the charterers already offer at best $15k daily + $500k bb for shipments with 1H May laycans, while the owners try to insist on at least $15.5k daily + $550k bb. The deal for a 82,000 dwt vessel bss dely ECSA redel FEast with May 20-25 laycans is negotiated at $15.8k daily + $580k bb. The deal for a Kamsarmax carrier bss dely ECSA redel India with May 1-10 laycans has been signed at $15k daily + $500k bb. Spot deal for a Kamsarmax ship bss dely ECSA redel FEast has been signed at $14.9k daily + $490k bb. A Panamax vessel has been chartered at $14.75k daily + $475k bb bss dely ECSA redel Spore-Japan with mid-May laycans. The contract for a 76,000 dwt carrier bss dely ECSA redel FEast with May 20-30 laycans was negotiated at $15k daily + $500k bb, though has never been fixed. A standard Panamax ship has been chartered at $14.6k daily + $460k bb bss dely ECSA redel Spore-Japan with May 20-30 laycans. The deal for a Kamsarmax vessel bss retro dely ECI via ECSA redel SEAsia has been signed at $14.1k daily. The rates for Panamax fleet bss dely ECSA redel Med are negotiated at $16k daily. The contract for a 79,000 dwt carrier bss dely ECSA redel Skaw-Passero with May 5-15 laycans is negotiated at $15k daily + $60k bb. A ship of 75,000 dwt has been chartered at $15k daily bss dely ECSA redel Continent with May 10-20 laycans.

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