The Asia-Pacific Panamax/Kamsarmax market looks mostly subdued due to smaller cargo offer in the region. In these circumstances, charterers have managed to lower rates quite considerably.
In SE Asia, Panamax TCT rates bss DOP dely Hong Kong via Indo redel Spore-Japan are voiced by charterers at $4-4.5k daily. Charterers have managed to fix a Kamsarmax vessel at $4-4.5k daily bss DOP dely Xinsha via Indo redel Malaysia. The deal for a Post-Panamax carrier bss DOP dely Lumut via Indo redel Taiwan has been signed at $5k daily. The contract for shipment of 75,000 t of coal from Tarakan to Kwangyang with May 3-8 dates has been concluded at $3.5/t. The deal for transportation of 65,000 t of coal from Taboneo to China with late April laycans has been signed at $3-3.5/t.
As for coal traffic from E.Aus, Panamax TCT rates bss DOP dely CJK via E.Aus redel ECI are assessed by ISM at $7k daily. The deal for transportation of 75,000 t of coal from Hay Point to Vizag with April 28-May 7 laycans has been concluded at $10.4/t. A similar contract has been signed at $10.1/t.
In NOPAC, a Kamsarmax vessel has been chartered at $6-7k daily bss DOP dely CJK via NOPAC redel Spore-Japan. The deal for a Post-Panamax ship bss DOP dely Boryeong via NOPAC redel China has been signed at $6-6.5k daily.
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