Smallhandy
The small size market exhibited same as last week. The idea for South East Asia – Far East route still maintains good and stable rates levels. Dwt 10,000 – 13,000 is exchanged from 7,000 to low 8,000 USD. Scrap and steel are exchanged at mid 30s. Ferts from China to South East Asisa is showed a mix performance base on route and discharge ports. 6,600 ferts from Zhanjiagang to Philippines is traded at high 40s. Same quantity but route from Fangcheng to Indonesia just aiming mid 30s. Beside, 17,000 ferts from CJK to Kampot is traded at mid 40s. 7,000 bagged rice ex Thailand to Japan is aiming at the same freight, mid 40s. Otherwise, calona meal ex Yangpu to Indonesia is aiming at low 30s but Owrns prefer high 30s. For South East Asia area, the freight is lower. 18,000 – 20,000 urea ex Sipitang to KSC is aimed at low 20s.7,700 WBP ex Indonesia to Thaikand is exchanged at high 20s.
Handysize
Handysize trading was generally steady this week, with a slight improvement in overall sentiment. The market did not move uniformly: Atlantic performance depended largely on vessel position, while the Pacific drew support from limited prompt tonnage.
The South Atlantic continued to provide the strongest opportunities for owners. Grain demand into early November, combined with a tight prompt list, helped maintain firm levels. A 38,000-dwt vessel open Santos was reported on subjects at US$36,000/day for a Recalada–West Coast South America trip. This strength also carried into the period market, where a 37,000-dwt vessel was fixed from Recalada at US$19,500/day for five to seven months. Conditions were more measured in the Continent and Mediterranean. Cargo availability was sufficient to keep the market active, but did not create significant upward pressure. A 39,000-dwt vessel fixed from Antwerp to the US Gulf at US$19,500/day, broadly reflecting a market holding around recent levels. The US Gulf remained the softest major area. Cargo demand was not strong enough to absorb the vessels available, leaving charterers with room to negotiate. One 40,000-dwt vessel was reported fixed at US$19,000/day for a petcoke voyage from Dos Bocas to India.
In the Pacific, limited prompt supply helped support rates despite uneven enquiry. A 40,000-dwt vessel open in the CJK area was reported fixed at US$22,000/day for a trip to the East Coast of India. The firmness suggests owners with well-positioned vessels retained reasonable negotiating power. Handysize is likely to remain position-driven in the near term. Owners in the South Atlantic and Pacific can continue to test the market, while charterers in the US Gulf should retain negotiating flexibility. The Continent and Mediterranean are expected to trade steadily unless fresh cargo demand or a change in vessel supply shifts the current balance.
Supramax
The Pacific market remains mixed, with NOPAC relatively steady but quiet, while Indonesia and Southeast Asia continue to see demand on selected routes. However, available tonnage and uneven cargo flow are limiting further rate gains. In SE Asia, MV Viet Thuan 56-02 (55,709 dwt, 2006) fixed USD 32,000 for a clinker trip from Dongfang to Bangladesh, while MV Sophiana (61,620 dwt, 2016) fixed USD 26,000 for a trip from Kendari via Indonesia to Thailand. MV BBG Kindness (63,235 dwt, 2015) was reported at USD 21,500 for a nickel ore trip from Samalaju to North China, while MV ASP Frontier (57,298 dwt, 2010) was reported in the USD 26,000s for a trip from Bataan to China with iron ore. The Indian Ocean market remains subdued due to limited cargo availability on the West Coast of India, although Indonesian demand is holding up better. MV Skatzoura (56,795 dwt, 2011) was reported at USD 12,500 for a limestone trip from Mundra via the West Coast of India to Chittagong. MV Belguardian (61,070 dwt, 2021) was reported at USD 27,000 for a trip via Indonesia to the West Coast of India/Pakistan, while MV Giovanni Topic (58,091 dwt, 2015) fixed USD 33,000 for a trip via South Kalimantan to Bangladesh. In the Atlantic, MV Century Beijing (63,742 dwt, 2024) fixed USD 27,500 for a trip from Rizhao to West Africa, while MV Amoy Apollo (63,573 dwt, 2026) fixed USD 31,000 for a trip from Zhangzhou to the Mediterranean. MV Jin Gang (56,928 dwt, 2009) fixed USD 27,500 for a trip from Lanshan to the Mediterranean. In the near term, demand from Indonesia and China-related trades should continue to provide support, while ample available tonnage and limited fresh cargoes may cap further rate gains on some routes.
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