Small Handy
Small handy market in SE Asia remains firm, with a 7,700 mt WBP cargo ex Jakarta to Cebu + Iloilo/Davao estimated around USD mid 40s pmt, reflecting support from steady Philippines demand and multi-port discharge requirements. Meanwhile, for 15–18k mt bagged rice ex HCM to the Philippines, although charterers are targeting about USD high 20s pmt, the market is estimated clos to USD 29–30 pmt, with owners likely seeking the upper end of the range. Overall sentiment remains positive, supported by active regional agri-cargo movements and a balanced prompt tonnage position.
Handysize
For handy segment, both basins fired: the Continent and Mediterranean firmed on scrap demand while the Pacific stayed busy, a healthier balance than the Asia-only run of recent days. The Atlantic woke up. Scrap demand firmed the Continent and Mediterranean, the US Gulf and South Atlantic stayed healthy on balanced tonnage. According to market report a 2015-built 39k took grains out of the US Gulf in the $18,000s. 2017-built 37k Handy, SW Pass prompt, to EC Mexico, grains (intention), $18,750.
The Pacific kept its footing, with several fixtures reported well above prior levels and a 2012-built 33k fixing salt via Australia at $19,000. Period interest held, a 2008-built 28k taking three to five months out of South-East Asia at $11,500.
Supramax
The Supramax and Ultramax market maintained a firm tone this week, supported by steady cargo demand across both the Pacific and Atlantic basins. Owners generally remained optimistic, particularly for modern eco tonnage, while a balanced prompt vessel supply helped keep rates well supported. In Asia, Australian grain cargoes continued to provide the main support to the market. The modern Darya Diya (64,650 dwt, built 2024), open Lumut, was reported fixed for an Australian grain round voyage with redelivery Singapore-Japan at $23,000. Period activity was also notable, with Fortune Horizon (63,967 dwt, built 2026) and SSI Dominator (63,752 dwt, built 2024) both securing period employment at $22,000, indicating continued charterers’ interest in medium-term coverage. Long-haul opportunities remained available from the Far East. The Ozge Aksoy (64,080 dwt, built 2026), open Machong, was reportedly fixed for a trip with redelivery US Gulf at $18,000, reflecting continued demand for trans-Pacific and inter-basin employment. The Atlantic market continued to outperform Asia, with stronger earnings supported by grain and coal cargoes. The Evora (63,878 dwt, built 2020) was reported fixed from the US East Coast to Rotterdam at $28,000 daily, while Alexandros P (63,127 dwt, built 2017) secured a US Gulf–East Mediterranean grains voyage at $32,000 .Further support came from coal demand, with Aruna Cengiz (58,677 dwt, built 2012) reportedly fixed from SW Pass to Egypt at $30,500 Overall, sentiment remained positive throughout the week. The Pacific market continued to benefit from Australian export demand, while the Atlantic basin maintained its premium over Asia on the back of healthy cargo volumes and tighter prompt tonnage availability.
Best regards,
