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Signs of softening emerged in SE Asian Supramax market, while Handy sector steady


The Supramax transportation market shows first signs of weakening in the southern part of the Asia-Pacific region. Scanty offer of spot cargoes encourages charterers to put stronger pressure on rates. The rates have held steady in the region until now, but ISM sources predict a further softening in the market.

The Supramax time-charter bss DOP dely S.China via Indo redel China is now quoted at $12-12.5k daily, though owners are still seeking to get $13k daily. The rates for such fleet bss DOP dely Philippines via Indo redel China are still negotiated at $15k daily. The deal for a Supramax vessel bss DOP dely Spore via Indo redel China has been signed at $15k daily. A carrier of 56-57,000 dwt has been chartered at $13k daily for salt transportation bss DOP dely Spore via WAus redel S.Korea. An Ultramax vessel has been reportedly chartered at $13.5k daily bss DOP dely SE Asia via Indo rede WCI. The contract for a 56-57,000 dwt vessel bss dely Kuantan redel N.China has been concluded at $14.75k daily. The rates for Supramax fleet bss dely Philippines redel Spore are negotiated at $10k daily. On the voyage-basis, the transportation costs of 50,000 t of coal from Taboneo to southern China are still voiced by brokers at $9-9.5/t. Carrying a similar cargo lot from East Kalimantan to the west coast of India is estimated by brokers at $11-12/t.

The Handysize/Handymax freight market can be called balanced. The owners want to get minimum $17k daily for a Handymax vessel of 37-39,000 dwt bss dely Aus redel Spore-Japan. The rates for such fleet bss DOP dely Spore via Aus redel Spore-Japan are negotiated at $12k daily. The charterers offer $11/t for transportation of 40,000 t of coal from Taboneo to Shanghai. Carrying 35,000 t of the cargo from Muara Berau to Vinh Tan with 1H April laycans is quoted by shipowners at $9/t. The rates for shipment of 24,000 t of wheat from Wallaroo (South Australia) to Indonesia with 2H April laycans are negotiated at $26-28/t. The transportation costs of 20-30,000 t of aggregates from Port Klang to Chittagong are voiced by brokers at $14-15/t.

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