Capesize Segment: The week witnessed a steady increase in the BCI 5TC, particularly driven by heightened activity and rising rates in the Pacific region. Notably, a surge mid-week was fueled by strong cargo demand, leading to a rise in the C5 index. In the Atlantic, increased cargo influx contributed to positive sentiments and boosted the C9 and C8 indices. Despite some disparities in bid and offer prices from South Brazil and West Africa to the Far East, optimism prevailed, reflecting in the rise of the C3 index. The positive trend persisted throughout the week, albeit at a slower pace by the end.
Panamax Segment: The market trend fluctuated throughout the week, starting on a negative note but gaining momentum mid-week with FFA activity. In the Atlantic, rates were under pressure initially but found support later due to decent mineral and grain demand for fronthaul trips. Conversely, Asia witnessed good cargo replenishment, driving rates forward as tonnage cleared out. Period activity remained solid as optimism lingered in the market.
Ultramax/Supramax Segment: Asia markets experienced positivity with various fixtures reported, including routes from Caofeidian to EC India-Bangladesh and the Philippines to Thailand. Activity in Nopac and South Africa was notable, although the Atlantic market remained subdued with limited fresh inquiry.
Handysize Segment: Positive signs emerged in the South Atlantic as water levels improved, leading to fixtures from Recalada to Algeria and WC South America. While the Continent and Mediterranean markets remained balanced, the US Gulf faced pressure due to a lack of inquiry. Conversely, rates climbed steadily across Asia markets, driven by limited tonnage availability.
