1.Small Handy
In the Southeast Asia region, vessels ranging from 13,000 to 16,000 DWT have been trading at freight rates between USD 11 PMT and USD 15 PMT for shipments within the area. The freight rate for clinker from Cam Pha to Kuching was concluded at USD 16 PMT. Urea shipments from Malaysia to Thailand were fixed at the high USD 13 PMT range. Meanwhile, iron ore shipments from Thailand to South China were secured at mid-USD 11 PMT for a 16,000 DWT vessel. Additionally, a 5,000 DWT vessel was fixed at approximately USD 19 PMT for wood chips from Vietnam to South Korea. The Indian market remains weak, with limited cargo availability. A 12,000 DWT vessel was fixed at a low USD 5,000 for a wood pulp shipment from Singapore to East Coast India (ECI). Owners continue to prefer redelivery at ports passing Penang rather than in India, as it facilitates easier cargo sourcing.
2. Handysize
The week ended with mixed outcomes for Handy vessels. While Atlantic fundamentals remained steady, upcoming holidays in key regions prompted many market participants to start their weekends early. In Asia, market sentiment was generally positive, supported by a modest decline in tonnage availability from northern areas. However, some market observers noted a drop in fresh inquiries. The 7TC average recorded a slight uptick, closing at USD 9,844, reflecting a modest USD 8 increase. Meanwhile, a 28,000 DWT vessel was offered for charter at approximately USD 7,000 for a six-month trading period within the Japan–Persian Gulf (PG) range.
3. Supramax
The Atlantic market remained stable and positive throughout the week, with steady cargo discussions and rates. A 63,000 DWT vessel open in the US Gulf was reportedly fixed at USD 18,500 for a trip to India with coal. Meanwhile, a 56,000 DWT vessel open in the Marmara Sea was rated at USD 12,750 for a trip via the Black Sea to West Africa carrying clinkers. In Asia, the market showed a positive trend with a noticeable increase in hire rates. A 56,000 DWT vessel open in Singapore was fixed at USD 10,500 for a trip via Indonesia to China. Meanwhile, charterers rated a 55,000 DWT vessel open in Cam Pha at USD 9,000 for a trip from Cam Pha to the southern Philippines. Additionally, a 64,000 DWT vessel open in Thailand was rated at USD 13,000 for a trip to Chittagong. In the China/Far East region, a 58,000 DWT vessel was rated at USD 10,000 delivery CJK for a trip to the Persian Gulf with general/break-bulk cargo. Meanwhile, a 56,000 DWT vessel open in Bohai Bay was rated at USD 11,500 for a trip to Bangladesh. The Indian and Persian Gulf markets saw some improvement. Reports indicated that a 64,000 DWT vessel open in Mumbai was rated at USD 13,000 + 130,000 BB for a trip via RBCT to East Coast India (ECI). Additionally, a 62,000 DWT vessel open in Fujairah was fixed at USD 11,000 for a shipment of rock to Malé. In East Coast India, a 58,000 DWT vessel was fixed at USD 4,500 for a trip to China with ore. However, it was observed that owners preferred ballasting to Singapore for better positioning and cargo availability.
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