Smallhandy Handy
The small dry bulk market remained firm across Asia, supported by healthy demand for fertilizers and industrial commodities. Fertilizer cargoes continued to provide a solid employment base, with 8,000 MT from Zhangjiang to Surabaya reportedly targeting the mid-to-high USD 20s pmt, while 12,000 MT MOP from Vietnam to China was heard fixed at close to the mid USD 10s pmt, indicating stable demand on regional agricultural trades. Meanwhile, industrial cargoes also remained active, with 9,000 MT petcoke from Lumut to Paradip concluded at USD 26 pmt, reflecting steady buying interest into the Indian market.
Handysize
Handy segment, across the Continent and Mediterranean, changes were minimal and the market appeared balanced, rates recorded a tick higher than last done. The South Atlantic and US Gulf remained on a softer note as the tonnage list continued to lengthen. According to market report, a 39k Handysize fixed a trip ex-West Africa via East Coast South America to the Continent at $15,000.
On the Asian side, fixing information was limited but the market maintained a firm tone, brokers reporting that tonnage had begun to clear out of Southeast Asia and the North Pacific, prompting charterers to raise their bids. A 2023-built 39k Handysize fixed a trip via West Australia to Japan at $22,000, a 2013-built 37k Handysize fixed an Australia round trip ex-Singapore at $18,000, and a 35k Handysize fixed a trip via East Coast India with redelivery Singapore ex-Yeosu at $12,000.
Supramax
The Asian Supramax and Ultramax market remained steady with a number of fixtures reported across both the Indian Ocean and Pacific. Rates showed little overall change, although the Indian Ocean continued to outperform the Pacific on selected routes. In the Indian Ocean, mv SSI Invincible II (56,815 dwt, built 2012) fixed prompt Kandla for a trip to the Far East with salt at high $13,000’s daily . Mv Xin Hai Tong 35 (56,530 dwt, built 2012) was fixed prompt Kandla via Duqm to China at $15,000 daily. mv Geodream (61,501 dwt, built 2011) achieved $21,500 daily for a voyage from Mumbai via Salalah to Hazira with limestone. For the Ultramax sector, mv Desert Honour (63,462 dwt, built 2020) was reportedly fixed at $13,000 daily for a trip via East Coast India to Brownsville with steel cargo. In the Pacific, mv Ceylon Breeze (63,600 dwt, built 2016), mv Seabird (63,553 dwt, built 2016) and mv Cl Diyin He (63,128 dwt, built 2011) were all fixed at $18,000 daily for trips from North Asia or Singapore with redelivery in the Singapore–Japan range or China. Meanwhile, mv Patria Nawasena 1 (56,047 dwt, built 2008) fixed delivery Vung Tau for a trip via Indonesia to China at $14,500 daily. Overall, the market remained stable during the week. The Pacific held firm with Ultramax rates around $18,000 daily, while the Indian Ocean continued to offer better returns for vessels trading from India and the Middle East Gulf.
Best regards
