Smallhandy
The small size market exhibited same as last week. The idea for South East Asia – Far East route still maintains stable rates levels. Dwt 12,000 – 14,000 is exchanged from high 6,000 to 9000 USD. Coal, wood chips, wood pellets are exchanged at low mid 30s. Beside, Ferts from Mid China to South East Asisa aimed from low 30s to mid 40s, but Owrns prefer higher freight. For South East Asia area, the freight showed a quite mixed performance. 6000 clinker ex Cam Pha to Kuching is aimed at high teens. 20,000 MT ILMENITE ex GOLPAPUR to HUANGPU is traded at mid 20s but Owrns want at low 30s.
Handysize
The Pacific handy market showed a mixed trend this week, with Far East remaining relatively firm while South East Asia and Australia continued to face pressure from limited fresh cargo enquiries and relatively comfortable tonnage supply. FEAST–SEASIA trips were reported around $19,000–20,000 for vessels of 34,000–38,000 DWT, while 32,000 DWT vessels were indicated around $16,000–17,000 for trips to SEASIA. South East Asia–FEAST business remained selective, with owners asking around $16,500–18,000 for 32,000 DWT vessels. Further east, Pacific–India trades showed stronger activity, with 40,000 DWT vessels reportedly fixing around $30,000–31,500 for WCI, while smaller vessels were seen around $15,000 for ECI. Meanwhile, Australia-related employment remained subdued, with charterers bidding around $13,000–14,000 for 32,000 DWT round voyages. The Indian Ocean Handy market started the week on a softer note, as increasing tonnage supply and a lack of fresh cargo enquiries continued to weigh on sentiment. The arrival of additional ballasters, combined with limited coal cargoes and subdued activity for mid-November dates, has created further pressure on freight levels. SAFR remained relatively more resilient, with a tighter tonnage list for the coming weeks and sufficient cargo support helping to maintain current levels.
Supramax
The Supramax/Ultramax market remained relatively stable across the main trading areas. In the Atlantic, the market was broadly steady, supported by fresh cargo stems from the US Gulf and South America. An Ultramax open in New Jersey was fixed at around USD 34,000/day for a petcoke run to Turkey. Meanwhile, a 63,000 DWT vessel open in North Brazil was heard fixed at USD 29,500/day plus USD 350,000 GBB for a grain run to China. Elsewhere, a 61,000 DWT Supramax open in Dakar was heard fixed at around USD 22,500/day for an ore-carrying trip to South China. The Asian market continued to show positive momentum over the past week, supported by strong NoPac activity and longer-haul voyages. In the North Pacific, Ultramax fixing levels were expected to reach around USD 26,000/day basis delivery North China. Chinese steel cargoes were being negotiated at around USD 26,000/day for trips to the Mediterranean and USD 23,000/day for West Africa, while Red Sea and Oman-bound voyages were heard close to USD 28,000/day. In the South, Australian exports and clinker cargoes continued to provide support. A 63,000 DWT vessel open in the Philippines was heard fixed at around USD 23,500/day for a trip via Australia to Japan. Meanwhile, a 56,000 DWT vessel in Qinzhou was fixed at USD 29,500/day for a clinker run to Chittagong. On the Indonesia/China–Southeast Asia routes, Indonesian coal trading activity into China showed a significant improvement. A 56,000 DWT vessel open in Singapore was fixed at around USD 17,500/day for a trip to China, while a 63,000 DWT vessel open in Cebu was fixed at around USD 21,000/day for a coal run to Vietnam. The Indian Ocean market ended the week on a mixed note across the different loading areas. From WCI, rates remained subdued and even showed a slight downward trend. A 56,000 DWT vessel was fixed at around USD 10,000/day APS Salalah to Vietnam. Meanwhile, in ECI, Ultramax continued to achieve around USD 22,000/day DOP for trips via Sumatra to WCI and approximately USD 16,000/day for trips to China. In South Africa, tonnage lists appeared to tighten, with several cargoes competing for similar vessels towards the end of the week. Rates were eventually heard fixed at around USD 26,500/day plus USD 250,000 ballast bonus for a run from RBCT to India.
Best regards,
