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SE Asian Pmx/Kmx market shows gradual rally


The Panamax/Kamsarmax market is gradually recovering in the southern part of the Asia-Pacific region. The cargo traffic has perked up slightly on some routes (in particular shipments of Australian and Indonesian coal to India), though the cargo flow from Indonesia to China remains limited so far. Despite still weak demand for such fleet in the region, the gap between the ideas of charterers and owners has grown significantly. The owners are insisting on higher rates as they expect a soon strengthening of the Southeast Asian market amid recovering shipments of grain from the South American ports.

The Panamax time-charter bss DOP dely S.China via Indo redel SE Asia is quoted by brokers at $9.5-10k daily. The deal for Panamax transportation of iron ore bss DOP dely Hong Kong via Port Latta redel China has been signed at $10.1k daily. A 75,000 dwt carrier has been chartered at $11k daily bss DOP dely Philippines via Indo redel India. The contract for a Panamax ship bss DOP dely CJK via Indo redel India has been fixed at $9k daily. A Kamsarmax vessel has been chartered at $9k daily bss DOP dely Japan via Aus redel Malaysia. The deal for a Kamsarmax carrier bss DOP dely Yeosu via EAus redel Malaysia has been signed at $9.75k daily. The charterers offer $8.5-9k daily for a similar ship bss DOP dely CJK via Aus redel India, while the owners want to get at least $12k daily.

On the voyage-basis, carrying 65,000 t of coal from Samarinda to southern China is estimated by brokers at $6-6.3/t. The contract for transportation of 70,000 t of the cargo from Indonesia to the east coast of India has been reportedly fixed at $7.5-7.9/t. A 75,000 t lot of coal from Gladstone to Vizag with May 5-14 laycans has been fixed at $15.2/t. A similar cargo lot from the same port to eastern India with May 10-19 laycans has been fixed at $14.95/t.

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