On the C5 front, we see miners and operators alike out seeking mid-September dates. Volumes out of other fronts of the Pacific have held up fairly well.
Capesize
In the Capesize market, both miners and operators are actively looking for vessels for mid-September dates. Cargo volumes from other Pacific regions have remained stable. For routes out of Brazil and West Africa, demand is focused on late-September and split dates. There is a tightening of available vessels for immediate hire in the Far East. Rates for the C5 route (likely West Australia to China) have been in the low to mid-$10 per metric ton range. For the C3 route (Brazil to China), fixtures have been concluded at high $24 pmt for late-September and $25 pmt for mid-October dates.
Panamax
The Panamax market has a steady and positive tone, supported by activity in both the Atlantic and Pacific basins. In the Atlantic, strong coal demand from the U.S. East Coast and the Baltic has kept the position list tight, giving owners leverage to push for higher rates. The South American market also remains well-supported. In Asia, demand from Australia and the North Pacific is helping to underpin the market, maintaining positive sentiment despite some resistance from charterers on pricing. Overall, the market remains firm with buoyant owner sentiment.
Supramax and Handysize
The week started on a strong note for both the Supramax and Handysize segments, with sentiment improving across the Atlantic and Asia. In the Atlantic, the Continent-Mediterranean region showed improvement due to new demand, while the South Atlantic and U.S. Gulf markets gained momentum, with a tight supply of vessels leading to higher bids from charterers. Asia was particularly active in the Supramax sector, where renewed interest has pushed rates above previous levels. The Handysize market in Asia was quieter but maintained a positive outlook.
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Source: Fearnleys
