Smallhandy
The small size market exhibited same as last week. The idea for South East Asia – Far East route still maintains stable rates levels. Dwt 16,000-19,000 is rated at around low 7,000 – low usd 10,000 / day. 10,000 canola meal ex Yangpu to Indonesia range is aiming at high 20s but Owrns want higher at mid 30s. 11,500 copper conc ex sangi to Lianyungang is fixed at low 30s. Dwt 12,000 indicated low 40s for 10,500 ferts ex Mid China to South East Asia. For India area, Dwt 12,500 is exchanged at mid 7,000 for steel ex ECI to Korea. Furthermore, some vessels are exchanged for period this week with good idea 9,000 to 10,000 trading India – Japan this time. Hope the small market still keep positive next week.
Handysize
The Pacific Handy market remained relatively firm, with Australia-related employment providing support and rates showing a mixed trend across South East Asia and FEAST. South East Asia–FEAST trips were indicated around $14,000–16,000, while FEAST–SEASIA fixtures were reported at $15,500–17,000 for vessels around 33,000–36,000 DWT. Owners continued to test higher levels, with some offers reaching $19,000, although charterers remained selective.
Further south, the Indian Ocean Handy market ended the week on a firm note, supported by limited availability of larger tonnage and remaining backhaul cargoes. ECI continued to outperform WCI, with a 40,000 DWT vessel holding $16,750 for USG and $18,000 for South Pacific, while WCI–SEASIA/FEAST trips were indicated around $12,000 for a 38,000 DWT vessel. SAFR remained quiet, but rates held firm amid limited tonnage and fresh cargoes.
Overall, the Handy market is expected to remain firm to stable in the near term. Australia-related employment and limited larger-tonnage availability should provide support, although further rate increases will depend on fresh cargo enquiry. ECI is likely to remain stronger than WCI, while South East Asia and FEAST rates may continue to fluctuate within the current range.
Supramax
The Pacific market remained firm, supported by strong demand for Bangladesh-bound clinker cargoes, with modern Ultramax tonnage achieving around USD 30,000–31,000/day. Indonesia–China activity remained steady, although rates varied depending on vessel size and position. Mv Federal Masamune (62,500 DWT, built 2021), open Hong Kong, was fixed at USD 31,000/day for a clinker trip to Chittagong, while Mv TTM Harvest (55,900 DWT, built 2012), open Dongfang, achieved USD 30,000/day for a similar run. In Southeast Asia, Mv Ultra Virtue (63,700 DWT, built 2022), open Bataan, was fixed at USD 24,000/day for a trip to Vietnam. On the Indonesia–China route, Mv Star Bright (55,000 DWT), open Singapore, achieved USD 20,000/day, while Mv Viet Thuan 56-02 (56,000 DWT) was fixed at USD 19,750/day for a coal voyage. Further south, Mv World Prize (62,000 DWT), open Makassar, was fixed at USD 23,500/day for a trip via Indonesia to China. In the India–Bengal region, the market remained comparatively subdued, with Mv Malak (56,900 DWT, built 2010), open Fujairah, reportedly fixed at USD 16,500/day for a limestone trip to India. Overall, the market remained mixed, with strong demand for Bangladesh-bound clinker continuing to support Ultramax rates, while Indonesia–China business was concluded at more moderate levels and Indian-bound employment remained softer. The near-term market direction will depend on fresh cargo enquiries and the availability of prompt tonnage across the region.
Best regards,
