Small Handy
The small handy market in Asia remains steady, with fertilizers continuing as the dominant commodity and being traded between USD 17–18 per ton up to USD 25–26 per ton. A parcel of 8,000 tons from Mid-China to Poro Point is offered around USD 18–19 per ton, while 12,000 tons of urea from Malaysia to Yangon was fixed at aroundUSD 21 per ton. An 8,800-ton fertilizer cargo from a river port in China to Bataan is currently aiming USD 25 per ton. Vessels in the 10,000–13,000 DWT range are being offered from the low USD 5,000s to the mid USD 6,000s for one TCT depending on the cargo.
Handysize
The Handysize market remained quiet, in line with recent days. The Baltic Handysize Index (BHSI) rose slightly by 1 point to 821, while the 7TC average increased by USD 11 to USD 14,770. In the Continent and Mediterranean, conditions were largely unchanged with minimal reported fixtures. The South Atlantic remained steady due to tight tonnage availability, while the US Gulf saw some fresh demand but not enough to offset the vessel oversupply. In Asia, the market continued to soften slightly, with a longer tonnage list creating a cautious trading environment. In the Pacific, a 24,000 DWT vessel was fixed at USD 6,500 per day.
Supramax
The Supramax market improve slightly in main area this week. With a 56,000 DWT vessel open Recalada fixed at USD 25,000 per day for a grain trip to Turkey and a 64,000 DWT unit in West Africa concluding USD 23,000 per day for a voyage to China. In Asia, sentiment remained flat with mixed levels of activity, as a 56,000 DWT vessel at Weda fixed USD 14,000 per day for nickel ore to China, a 57,000 DWT at Cam Pha fixed USD 17,500 per day for Bangladesh, and a 61,000 DWT in Thailand earned USD 14,000 per day for a short trip to Cambodia. Devbulk Aslan (50,477 DWT, 2013) delivering in Yokohama fixed USD 16,500 for a trip via Kashima with redelivery Arabian Gulf–West Coast India, while a 64,000 DWT vessel in North China achieved USD 15,000 per day for a NOPAC–Bangladesh trip. In the Indian Ocean, noticeable improvement was seen with Belaja (61,352 DWT, 2020) delivering at Saldanha Bay fixing USD 22,000 plus USD 220,000 bb for redelivery China. A 62,000 DWT vessel in Fujairah earned USD 16,500 per day for Bangladesh, while a 63,000 DWT on India’s east coast earned about USD 13,500 per day for ore to China.
