Capesize sees mixed activity with rate upticks; Panamax faces continued rate declines amid weak demand; Supramax and Handysize markets remain subdued with limited fresh activity across regions, reports fearnpulse.
Capesize
On the West Australia front, we see enquires from full suite of miners for late August dates and operators for late August to September dates. Volumes out of East Australia remained flat from last week with some operators enquiring for early September dates. On C3 ex Brazil to China, we see interest for full September dates in particular for early to mid September. Lesser activity was seen on West Africa. Far East spot tonnage is tightening slightly while ballasting tonnage weighs heavily on first half of August with few still able to meet late August dates. On C5, we see an uptick in numbers with fixtures concluding at high USD 10 pmt levels by mid-week. On C3, we see fixtures concluding at mid USD 25 pmt levels for early September while offers are in the USD 26 pmt levels for mid to late September dates.
Panamax
This week in the Panamax market, the sector saw continued rate declines in both the Atlantic and Pacific basins, with limited demand and some slight improvement in Pacific demand offering minimal support. The market is still under pressure, particularly in Asia, despite potential drivers such as US grain, Indian coal, and Brazilian corn shipments, while China’s weak coal import market shows little immediate promise of recovery without a rebound in its steel sector. The outlook remains cautious, with expectations of further rate corrections.
Supramax
This week’s market for Supramax and Handysize vessels remained generally subdued, with limited fresh activity and a cautious sentiment prevailing across regions. In the Supramax sector, the US Gulf saw recent gains for transatlantic runs stall, while the South Atlantic stayed balanced with little change in rates. The Continent-Mediterranean routes lacked new momentum, and Asian markets remained lethargic, with only a few fixtures reported. The Handysize segment mirrored this trend, with mixed signals from the South Atlantic and slightly firmer sentiment in the US Gulf, but overall activity remained low.
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Source: Fearnpulse
