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Asia-Pacific Pmx/Kmx market recovers slowly after holidays


The Panamax/Kamsarmax market sentiment has improved slightly in the southern part of the Asia-Pacific region after holidays in several Asian countries in the first half of the week. Trade is gradually recovering in the basin. In particular, players report increased offer of coal for transportation to China and the Southeast Asian countries with mid-May laycans. The requests for coal shipments from Indonesia and Australia to India rather regularly appear in the market. At present, the rates for Panamax vessels of 74-75,000 dwt bss DOP dely S.China via Indo redel S.China are voiced by brokers at $10-10.5k daily. A carrier of 79-80,000 dwt has been chartered at $11.85k daily bss DOP dely Hong Kong via Indo redel China. A ship of 76,000 dwt has been chartered at $9.25k daily bss DOP dely Xiuyu via Indo redel India. The Kamsarmax time-charter bss DOP dely Spore via Indo redel China is quoted by brokers at $13k daily. A vessel of 81-82,000 dwt has been chartered at $11.75k daily for grain transportation bss dely retro Vietnam via Aus redel China. The deal for a Kamsarmax carrier bss DOP dely N.China via Aus redel India has been signed at $11k daily. A ship of 85,000 dwt has been chartered at $14k daily bss DOP dely Cai Mep via EAus redel India.

On the voyage-basis, carrying 65,000 t of coal from Muara Pantai to Guangzhou with 1H May laycans is estimated by brokers at $5.9/t, though the owners insist on $6.4-6.5/t. The charterers offer $8.25/t for transportation of 70,000 t of coal from Indonesia to Ennore, while the owners want to get $9/t. Shipment of 70,000 t of coal from Hay Point to the Bohai Bay ports is quoted by brokers within $12-12.5/t. The deal for transportation of 75,000 t of the cargo from Gladstone to the east coast of India has been signed at $13.95/t.

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