Small Handy
The Pacific market has shown increased activity for small tonnages. Vessels ranging from 10,000 to 13,000 dwt are being quoted around $6,000 for short trips within the Philippines and Thailand. It is reported that a 12,000 dwt vessel was fixed at a rate of approximately $8,000 for 2-3 legs. The East Coast of India and Bangladesh remain challenging areas due to ongoing riots, adverse weather conditions, and cargo shortages, which have significantly affected the Indian market’s recovery prospects.
Handysize
In the Handy segment, the Continent and Mediterranean regions have experienced limited activity due to a lack of fresh inquiries, resulting in increased pressure on prompt tonnage. The South Atlantic market remains balanced with a shortage of prompt tonnage and a steady improvement in cargo flows. Positive sentiment continues in the US Gulf, with reports of increased off-market inquiries and expectations of rising rates. Market reports indicate that the Eco Angelbay (32,165 dwt, 2009) open in Fazendinha was placed on subjects for a trip to the Continent at $14,000, although further details were not disclosed. Additionally, the Tac Suzuka (40,273 dwt, 2021) open in Up River was reportedly fixed for a trip to the Continent at $21,500, with minimal details available. In Asia, the market remained generally balanced, with limited visible activity but stable rates. A 32,000 dwt vessel was reportedly fixed for a 5-7 month period basis delivery in Jakarta at $14,000, with further details not disclosed. The Delphinus (35,732 dwt, 2011) open in Paradip was fixed for an EC India coastal trip to WC India at $14,000, with limited information available.
Supramax
The Supramax segment maintained a finely balanced state last week, with brokers noting a clear-out of prompt tonnage and stronger rates being discussed for later dates. In the Atlantic, the MV Chang Hang Bin Hai (58,002 dwt, 2012) open in Lagos was fixed for a trip from Owendo to China with ore at $20,000. The MV Cecile F (63,425 dwt, 2024) was reportedly fixed for a scrap run delivery from Antwerp via Ghent, redelivery to Turkey, at $15,000. In Asia, the MV Chang Hong An (57,034 dwt, 2012) open in Mundra was reportedly fixed for two laden legs at $15,000, with no further details disclosed. The MV Pilion (58,081 dwt, 2010) open in Zhenjiang was fixed for a trip to the US Gulf at around $10,000. The MV African Blue Crane (55,970 dwt, 2007) open in Phu My was fixed for a trip via Indonesia with redelivery to SE Asia at $15,000.
