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Supramax/Ultramax and Handysize markets on the mend in ECSA

22.03.18
14:30

The situation has started to improve for Supramax/Ultramax owners in the South Atlantic. Limited tonnage supply for late March - early April accompanied by slight increase in cargo offer in South American ports are boosting rates in the region. So, the Supramax time-charter bss dely ECSA redel Spore-Japan is now quoted at $13.5k daily + $350k bb. Similar deals for Ultramax fleet are negotiated at $14-14.5k daily + $400-450k bb. The contract for transportation of alumina by a large Supramax vessel bss dely ECSA redel Spore-Japan with late March laycans has been concluded at $15k daily + $550k bb. Deals for Supramax fleet bss dely ECSA redel WCSA/WCCA are negotiated at $17-18k daily. The Supramax time-charter bss dely ECSA redel Skaw-Passero is quoted at $16.5-17.5k daily. A large Supramax vessel can be chartered at $17.5-18k daily on the same basis.

The sentiment is optimistic in the Handysize sector thanks to rapid and huge shifts in owners’ favor, major market players report. So, earlier this week, the rates for large Handysize vessels bss dely ECSA redel Skaw-Passero amounted to $13.5-14k daily, contracts for Handymax fleet bss dely ECSA redel Med were concluded at $13.75-14k daily. Closer to Wednesday, the deal for a 38,000 dwt carrier bss dely N. Brazil via Argentina redel Continent with late March - early April laycans has been signed at $14k daily, which is equivalent to $16.5-17k daily bss APS dely Argentina redel Continent. The deal for a 34,000 dwt carrier bss dely ECSA redel Baltic with late March - early April laycans is negotiated at $12.5-13.5k daily. Contracts for 37-39,000 dwt tonnage bss dely ECSA redel WCSA are negotiated at $17-19k daily compared with $16.5k daily last week. A large Handysize vessel can be chartered at $18-18.5k daily bss dely ECSA redel Spore-Japan.

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