- China port congestion holding up ships
- robust commodity demand chasing tonnage
- Handysize gain helped by firm container trade
Spurred by robust demand for commodities along with port congestions and fleet inefficiencies, the smaller bulker carriers — Supramax and Handysize class ships — are commanding hefty rates not seen in recent times says an article on SP Global.
All the S&P Global Platts Asia Pacific Supramax and Handysize dollar per ton voyage freight assessments and time charter equivalent rates have registered their peak since its launches. Supramax vessels are typically 52,000 dwt-58,000 dwt in size and majorly move coal and grain cargoes within the Asia Pacific region.
Handysize vessels range between 28,000 dwt and 39,000 dwt and move various minor bulk commodities like concentrates, steel, alumina, etc., in addition to some coal and grain cargoes. Given their size, these classes of ships tend to ply mostly within the region and to less mechanized ports.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: SP Global