1.Small Handy
Overall, explosive cargo volumes created increased activities and slight improvement in rates across Pacific market after extended holiday. Rumors had that roughly 10,000 MT bagged chemical was exchanged at about USD 6,000 for a 13,000 DWT tonnage, further details was not disclosed. Thailand/Vietnam bagged rice marker was quiet for the past few weeks, however, fertilizer had some robust activities across South East Asia. We can expect continuous upward sentiment on the market in the weeks ahead.
2.Handysize
For handy segment, overall activity showed mixed trends across different regions with some increase in fixtures and demand. In the Continental and Mediterranean regions, mixed feelings were reported; the West Mediterranean cargo bookings appeared better, while the East Mediterranean saw sluggish cargo flow. The South Atlantic region saw a few positional fixtures, but overall sentiment remains flat. In the U.S. Gulf, market fundamentals stayed mostly unchanged, with rates stabilizing at earlier levels. According to market report, Ocean Gracious (38,276 2013) was reportedly placed on subjects for delivery SW Pass with redelivery to WC Central America at USD10,250, although details remain undisclosed. MV Integrity Aoi (37,970 2023) reportedly secured a deal for delivery SW Pass and redelivery to China with petcoke cargo at USD13,000, lacking further detail.
The Asian market was notably more active, with signs of improvement. Tonnage in the North China region appeared tight, while spot charterers in Southeast Asia increased their bids. In details, Grace (35,283 2006) was successfully fixed from prompt Mumbai for delivery to Kandla, with redelivery to the Arabian Gulf carrying salt at USD3,150; additional details remain undisclosed. MV Clipper Bari-Star (37,976 2023) was placed on subjects for delivery dop Thailand and redelivery to Indonesia carrying sugar at USD7,000, although further information is lacking.
3.Supramax
Supramax segment experienced an upward trend in rates, indicating positive movements. In Asia, a dynamic week was noted, especially from Southeast Asia, as demand from Indonesia showed significant growth.
MV Qing Hua Shan (63,457 DWT 2016) was reported to be fixed for a trip from Haiphong to Bangladesh at approximately USD9,000 to USD9,500, though further details were not disclosed. MV Amis Dolphin (60,830 DWT 2015), departing from CJK, secured a trip to the Arabian Gulf carrying slag at a rate of USD6,750. MV New London Eagle (63,140 DWT 2014) open Jakarta mid-February was reported to be fixed for a trip via Indonesia with redelivery in CJK at a rate of USD9,500
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