Small Handy
The Small Handy market held steady this week across most regions. In Asia, 9,000–12,000 DWT vessels fixed around low USD 4,000 to high USD 5,000 per day, while WBP Indonesia–Philippines trades were concluded in the mid-30s USD/MT and PKE Bintulu–Korea in the low-20s USD/MT. Steel cargo demand remained thin at low- to mid-20s USD/MT. India saw firm scrap demand, with 12,000 DWT ships fixing Jurong–Chittagong at high-20s USD/MT, while similar parcels discussed at low-30s USD/MT. The market is expected to remain stable with limited upside potential in the coming week.
Handysize
The Handysize market softened this week, with weaker inquiry and increased tonnage across several regions. The Continent–Mediterranean recorded further easing as vessel supply grew, while the U.S. Gulf continued under pressure amid weak demand. South Atlantic activity also fell, with reports of sharper rate corrections. Market chatter suggests the Cetus Beluga (43,413 DWT) was fixed at USD 13,000/day for a trip to Brazil, though details remain unconfirmed. Across Asia, sentiment stayed balanced, with tight prompt supply in the north; 28,000–32,000 DWT vessels fixed USD 8,000–9,500/day for Pacific employment.
Supramax
The Supramax segment showed mixed dynamics. The U.S. Gulf hinted at a possible floor forming, though no concrete fixtures emerged. In Europe, weakening scrap demand pressured discussions. Asian markets remained subdued with limited fresh cargo. The Indian Ocean saw slight improvement supported by South African demand. Fixtures included the Doric Shogun (63,347 DWT) fixing Ghent to East Mediterranean at USD 24,000/day. In Asia, the Marianna (55,573 DWT) is under consideration at USD 18,500/day plus USD 185,000 BB Dahej–Sohar/Fujairah, while Wooyang Elite (43,368 DWT) fixed NoPac to Far East at USD 14,000/day. A 58,000 DWT vessel fixed mid-USD 12,000/day for Koh Sichang–Indonesia–Koh Sichang.
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