Small Handy
Small market this week have not changed much. In Far East Trading, 10,000 peas in bulk ex SLAVYANKA to Xinsha aiming good freight at high 20s . In South East Asia – Far East route, Some cargo as 17,000 bag cargo from Qinzhou to Tanjung Bruas , tapioca thailand to Qinzhou , 10k kuantuan silasand to samalaju is exchanged from mid teens to low 20s. Beside, 16500 fert ex Yangzhou to Gudang and PKL is exchanged at freight mid 20s. Dwt from 10,000 – 14,000 is rated at around low USD 5,000 to low USD 6,000. In Southeast Asia, Dwt 12,000 aiming mid USD 6k for 1 tct. Dwt 9k open Philippines aiming mid USD 5,000 for domestic cargo.
Handysize
Handysize extended its decline, with the timecharter average slipping another $35 to $16,270. The overall picture remained fragmented. While the Continent and Mediterranean continued to hold relatively steady, weakness persisted across the South Atlantic, US Gulf and Asia. Most of the reported fixtures reflected lower price ideas rather than providing any fresh support to the market.
The South Atlantic and US Gulf remained under the greatest pressure. Rates for Brazil–Continent and US Gulf voyages continued to edge lower as limited enquiry encouraged both owners and charterers to adjust expectations downward. By contrast, the Continent and Mediterranean saw a slightly firmer tone, where pockets of demand helped lift sentiment modestly. In Asia, an ample supply of open tonnage and muted cargo activity kept freight levels under pressure.
Atlantic Handysize paper weakened across both the nearby and deferred months as expectations aligned more closely with a still-softening spot market, although the broader index curve changed little overall. In the Pacific, a 32,000 dwt Handysize was reported fixed at $17,000 daily for a voyage to the West Coast of India (WCI).
Supramax
The Supramax/Ultramax market maintained positive momentum across both the Atlantic and Pacific basins, although improvements remained uneven between regions.
In the Atlantic, the market stayed relatively stable, supported by fresh cargo demand from the U.S. Gulf and South America. An Ultramax open in Houston was discussed around USD 28,000/day for a grain trip to India, while a 61,000 DWT vessel open North Brazil was reportedly fixed at USD 29,500/day for a trip to Egypt. In addition, a quality Supramax open Dakar was heard fixed with ore to South China at around USD 17,500/day for prompt delivery.
In the Pacific, sentiment staying flat particularly in the NOPAC region where cargo bids at lower side around USD 19,000/day basis CJK delivery on Ultras. Backhaul steel cargoes from China to the Mediterranean and West Africa also remained firm, with discussions heard in the low USD 22,000/day range for general cargo
In the southern region, Australian cargoes continued to provide healthy support despite coal and clinker not so active. A 63,000 DWT vessel open Cebu was reportedly seeing levels around USD 21,500/day for a trip via Australia to Japan, while a 56,000 DWT vessel was fixed at USD 19,000/day for a clinker shipment from Cam Pha to Chittagong. For Indonesia/China–Southeast Asia trades, the market remained positive. A 56,000 DWT vessel open Bintulu was fixed around USD 14,500/day to CJK, while a 63,000 DWT vessel open Cigading was holding near USD 20,500/day for trip to Vietnam
In the Indian Ocean, a 53,000 DWT vessel was heard fixed around USD 15,500/day for a WCI–AG round trip, while strong South African demand continued to support Ultramax fixtures around USD 25,500/day plus a ballast bonus of USD 250,000. Overall sentiment remained cautiously positive, The Owrs have shown the intention for Hormuz passing according to current situation, despite of geopolitical risks and bunker price volatility.
Best regards,
