ASCENT BULK – DRYBULK MARKET COMMENTS/ WEEK 49- 2025

Small Handy

The mini-bulk market remains steady, with the strongest levels seen on short regional routes. Fertilizer from Midchina–Philippines fixed at USD 17,00 pmt, while petcoke Jakarta–Dongjiakou achieved around USD 25 pmt. Fertiliser trades held mid-teens levels, including urea Butterworth–KSC at midteen and MOP North Vietnam–ZJ/ZJG aiming at USD lowteen. Minor ore cargoes softened, with Kuantan–Qinzhou at USD 10 pmt and Thailand–Taixing ideas near USD 15 pmt. Overall, nearby demand continues to support stable returns, whereas longer or less preferred routes remain more competitive.

 

Handysize

The Handy market maintained a mixed tone with generally steady sentiment across most regions. The BHSI edged up by 1 point to 841, with the 7TC average at USD 15,146. The Continent and Mediterranean remained muted with few fresh inquiries. In the South Atlantic and US Gulf, tonnage was tight, though more vessels are now coming open, suggesting owners may be repositioning amid a lengthening list. The Asian market moved slowly, with an expanded list of open vessels keeping activity cautious. A vessel of about 28,000 DWT in the Pacific is being offered at USD 7,500–8,500 per day.

 

Supramax

The Supramax market showed a mixed pattern, with improved demand in the US Gulf while the South Atlantic remained under pressure. The Continent–Mediterranean lacked fresh momentum, although some signs of rising scrap demand were noted. Asian sentiment stayed negative amid limited inquiries in both northern and southern regions, whereas the Indian Ocean saw healthier discussions and firmer activity.

In the Atlantic, the Astro Nembus (63,510 DWT, 2017) was reportedly fixed at USD 16,750 plus a USD 675,000 ballast bonus for a grains trip from Santos to Karachi.

In the Pacific, the African Lorikeet (63,425 DWT, 2024) was rumoured fixed for Batangas–Indonesia–Thailand at USD 21,000–21,500. The Conon (58,470 DWT, 2011) opening in Mesaieed 8–10 December was placed for Mina Saqr–East Coast India with limestone at USD 17,750. The West Treasure (61,292 DWT, 2014) open in Pipavav first rumoured fixed at USD 18,000 for salt to Singapore/Japan but reportedly failed, later fixing at USD 15,000 for a Salalah–West Coast India run. The Seaharmony (62,770 DWT, 2015) was reported fixed at USD 13,000 for the first 65 days on an Oman–Morocco trip. The Port Kobe (63,520 DWT, 2016) was rumoured under negotiation at USD 20,000–21,000 for a Singapore delivery, via Australia, redelivery Philippines.

Best regards,

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