There is increasing demand for shipping services out of Western Australia, particularly for the second half of November and early December. While the situation in Eastern Australia has shown some improvement, activity in other Pacific regions remains relatively low. There is also some demand for cargo from South Africa and Brazil, but the main focus is on later November and December dates, reports Fearnleys.
Capesize
Far East spot tonnage is gradually thinning with the availability of some prompt ships. Ballasting tonnage is thinning for December. On C5, we see an overall improvement from last week with fixtures concluding at low USD 10 pmt levels by mid-week. On C3, we see offers in the USD 25 pmt levels for December dates and bids in the USD 23 pmt and up levels.
Panamax
The Panamax market shows emerging signs of stability, particularly in the North Atlantic, where steady demand for transatlantic routes suggested a possible floor in rates, supported by grain and coal shipments from the US Gulf. While front-haul demand remained limited, the Atlantic market saw a reduction in tonnage availability, giving owners some leverage to resist lower bids. Meanwhile, in Asia, steady activity for NoPac grain stems attracted premium rates for quality vessels, and Indonesian routes held stable despite slower volumes. Overall, sentiment is cautiously optimistic, though a sustained upswing will likely require continued cargo flow and improved demand across both Atlantic and Pacific markets.
Supramax
The Supra/Ultra market is weak with rates coming down across basins on. Cargo volumes in the USG & Continent have been low, and cargoes are covered at below last-done levels given ample tonnage availability. The West Africa market has been active with a handful of stems in the market for fronthaul direction and all covered away. Indian Ocean & MEG markets have been fairly quiet. Meanwhile, in the Pacific markets, the usual Indonesia-India coal stems have been covered well below last done levels. At this stage, there is a bearish sentiment in the market and period activity has been dull lately on the geared sizes.
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Source: Fearnleys
