- Small Handy
The Pacific mini bulk market remained stable last week, with steady cargo flows and freight discussions focused on steel, gypsum, copper, and fertilizer movements. There were reports of a gypsum cargo from Thailand to Muara, which was bid at high $10s per metric ton for approximately 11,000 mt. In another fixture, around 5,000 mt of steel coils loading from Phu My to East Kalimantan were heard to have fixed at similar freight levels. Further north, a 15,600 DWT vessel was reportedly rated at mid-$7,000 per day basis DOP for a steel cargo to Penang. Elsewhere in Southeast Asia, a copper parcel of around 11,000 mt attracted bids at $14/mt while owners were holding ideas closer to $17/mt. Meanwhile, a fertilizer shipment of approximately 8,000 mt from Zhanjiang to Sangi was reportedly fixed in the low $20s per metric ton, although precise details were limited. Overall, these fixtures suggest that demand for regional trades remains healthy, with mini bulkers in the Pacific seeing stable rate levels, particularly for short-haul Southeast Asia and South China voyages.
- Handysize
The Handy sector closed the week with the BHSI at 633 and the 7TC average at $11,390 (+$2). Overall activity remained subdued.
In the Continent and Mediterranean, trade was quiet, with rate levels largely unchanged. The South Atlantic mirrored this stagnation, showing a stable market with no significant cargo movement. In the U.S. Gulf, the Independence Day holiday triggered a slowdown, dragging market activity down noticeably. Asia exhibited early signs of recovery. Owners of Pacific-based 28,000 DWT vessels are targeting $9,000–10,000/day, while charterers maintain offers around $8,000. Meanwhile, cargo availability along the East Coast of India remains limited, though optimism is building if fresh stems emerge.
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Supramax
Supramax Market Report – Week 3 June 2025
The Supramax market maintained a firm tone this week, with improved momentum across both Atlantic and Asian routes. In the Atlantic, a 63,000 DWT vessel opening in Rio was reportedly fixed at $18,500 for a grain cargo to China, underlining continued strength in the grain trade. A 56,000 DWT unit in the Continent was rated at $13,000 for a scrap run via Turkey. In Asia, upward rate pressure was evident. A 56,000 DWT vessel open in Singapore secured $12,300 for an Indonesia–China voyage, while a 55,000 DWT ship in Cam Pha achieved $13,000 for a trip to Bangladesh. Another 61,000 DWT vessel opening in Thailand was reportedly fixed at $12,000 for a South China run. Within the China–Far East region, a 58,000 DWT vessel with delivery in CJK was rated at $13,000 for a steel cargo voyage to the Persian Gulf. Meanwhile, a 64,000 DWT vessel open in Bohai Bay fetched $13,500 for a trip to Africa. Across the Indian Ocean/Persian Gulf, a 56,000 DWT vessel open in Male was rated at $13,000 plus a $130,000 ballast bonus for a RBCT–Bin Qasim voyage. A 62,000 DWT vessel open in Fujairah fixed at $13,500 for an aggregate trip to Bangladesh. However, a 58,000 DWT vessel from East Coast India was rated at just $7,500 for an ore cargo to China, prompting some owners to ballast to Singapore for better opportunities.
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