1.Small Handy
The week concluded with very flat market sentiment, however rates continue to indicate positive market. China market rumours has that a 13,000 DWT tonnage was exchanged at mid 6,000 USD for a tct with scrap from far east to South East Asia, further details were not disclosed. More inquiries are expected to open in the following weeks around China with most common commodities to be scrap and steel. In South East Asia, MV Mariwit 12,190 DWT was heard to be exchanged at high 5,000 USD level for a prompt trip ex West Indo to Malaysia. However, ongoing uncertainty put a big question mark on rate stability in South East Asia market. There has been little to no activities recorded around Indian ocean for mini size tonnage. Scarcity in cargo availability remains a problem against large number of feasible tonnage counts.
2. Handysize
For handy segment, the market experienced mixed performance today, influenced by positioning factors. In the Continent and Mediterranean regions, new inquiries were minimal , leading to reduced activity. In the South Atlantic, there were few new inquiries for prompt vessels, creating downward pressure on bids. Activity in the U.S. Gulf was limited, with only slight rate improvements observed. According to market report, a 32,000 -DWT vessel was reported fixed for delivery from Vila do Conde to Norway at USD 12,000 , with no further details available. The Pacific Calm DWT 38,123 was reported to fix at USD 14,000 for a grains run from Recalada to South Africa. Pacific Market, asia remained active, influenced by a better demand -supply balance. In Southeast Asia, fixing rates were reported to be higher than previous levels in some areas. It was heard that MV Cielo Dei Maronti DWT 37,133 delivery Semarang prompt trip redelivery Japan at USD 11,000 – MOL. DWT 28,000-32,000 were exchanged at USD 8,000 – USD 10,000 for a trip within Pacific.
Supramax
The Atlantic had seen stable and positive cargo discussion and rating throughout the week. Heard 63,000 DWT open USG fixed at USD 18,500 for trip to India with coal. It’s indicated that 56,000 DWT open Marmara Sea rated at USD 12,750 for a trip via Blacksea to West Africa with clinker. In Asia, the market demonstrated with positive trend with noticeable increase on hire rate . A 56,000 DWT open Singapore was fixed at USD 10,500 for trip via Indo to China. Charterers rate 55,000 DWT open Campha USD 9,000 for trip via CamPha to South Philipines. Others 64,000 DWT open Thailand rated USD 13,000 for trip to Chittagong. In China/Feast range, Charterers rated a 58,000 DWT at USD 9,000 delivery CJK for a trip to Hongkong with steel cargo. Meanwhile, a 64,000 DWT open Bohai Bay was rated USD 13,500 for trip to Bangladesh. The Indian and PG market witnessed some improvement. Reports indicated that an 64,000 DWT open Mumbai was rated at USD 13,000 + 130,000 for trip via RBCT to ECI. While a 62,000 DWT open Fujairah fixed at USD 10,500 with aggregate to ECI . In East Coast India, 58,000 DWT was rated at USD 9,500 for a trip to China with ore. However, it was noticed that Owners prefer ballasting to Singapore for better position and cargo.
