Small Handy
The mini bulk market last week showed mixed but steady sentiment, with fixtures balanced among steel, scrap, gypsum, and fertilizer demand. Steel cargoes from Fangcheng to Cambodia/Kampot were fixed at around the mid USD teens pmt, while scrap rates remained relatively soft: 6,000 mt Singapore–Phu My at USD 16 pmt and 12,000 mt Jurong–Dung Quat at USD 14 pmt. Gypsum demand was active, with 15,000 mt Thatong–Jingjiang reportedly fixed at USD 14.5 pmt. Fertilizer trades varied: 8–10,000 mt South China–Sangi moved at USD 17–18 pmt, while bagged fertilizer from Nanjing–Port Klang achieved USD 25 pmt due to higher handling costs. Overall, steady steel and gypsum flows supported the market, while fertilizer and scrap saw competitive rates depending on type and stowage.
Handysize
The Atlantic market showed consistent growth with firmer rates from the Continent and Mediterranean, while a shortage of vessels in the US Gulf further boosted levels. The Cetus Omura (43,532 dwt) was reported fixed from Santos to Bejaia at USD 21,000 with Norden. The C-Wise (28,258 dwt) was rumoured fixed from Sete via the Western Mediterranean with redelivery Egypt at USD 13,000.
In the Pacific, limited details were reported, though sentiment appeared generally balanced. On the period market, the Paiwan Brave (39,571 dwt) was fixed for 2 years from October 2025 at 121% of BHSI. A 28,000 dwt vessel was rated around USD 9,000 for a Japan–Penang/Singapore trip.
Supramax
The Supramax market maintained positive fundamentals across regions. In the Atlantic, a 63,000 dwt opening in the US Gulf was reportedly fixed at USD 26,500/day for a grain trip to India, while a 64,000 dwt in the Continent was fixed at USD 16,500/day for period employment.
In Asia, improving sentiment was reflected in firmer fixtures: a 56,000 dwt in Weda was rated at USD 18,000/day for nickel ore to China; a 57,000 dwt in Cam Pha fixed at USD 17,500/day for a trip to Bangladesh; and a 61,000 dwt in Thailand was secured at USD 12,000/day for a run to Cambodia. A 58,000 dwt open at CJK was reportedly fixed at USD 15,000/day for steel to the Persian Gulf, while a 64,000 dwt in North China fixed at USD 16,000/day for a voyage to Africa.
On the Indian Ocean/Persian Gulf corridor, a 56,000 dwt in Malé secured USD 16,000/day plus a USD 160,000 ballast bonus for an RBCT–Bin Qasim trip. A 62,000 dwt in Fujairah was fixed at USD 15,500/day for a trip to Bangladesh, while a 58,000 dwt on India’s east coast was rated around USD 9,500/day for ore to China, prompting many owners to ballast toward Singapore in search of higher returns.
Overall, the market was underpinned by firm Atlantic dynamics and solid Asian demand—particularly in Southeast Asia and China—where tightening tonnage and active fixing sustained upward momentum.
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