Modest buoyancy in Atlantic Handysizes (17 Dec 2024)

handysize bulkerAtlantic Handysizes are presently outperforming their eastern counterparts insofar as their rates are holding to last-done and not coming under the kind of pressure being seen in Southeast Asia. As such, northbound trips from Southeast Asia to Singapore-Japan on tonnage of 38-42,000 dwt have slipped into the US$ 11,000s after trading in the low US$ 12,000s in early December. The inter-Atlantic trips (UKC-Med to USEC, for example) are holding steady in the higher US$ 8,000s and lower US$ 9,000s on tonnage of 48,000 dwt. One 2011-built vessel of 57,000 dwt open Mumbai is said to have fixed US$ 9,500-9,750 daily from Mina Saqr to AG-EC India. (For news & updates on dry bulk shipbroking, subscribe to the BMTI Daily Report.)

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