Capesize
The Capesize market had a softer week. BCI stood at 5768 (−312 WoW), whilst C5TC was at US$48 812/day. Pacific timecharter routes led the decline; and C3 voyage rate firmed. Demand/supply ratio got to 1.03 — suggesting demand growing marginally faster than tonnage.
Panamax
Panamax experienced a week that was sharper than Capesize but less firm than Supramax and Handysize. The BPI fell to 2251 (−156 WoW). This was the largest weekly fall of the four segments. With P5TC at US$20 262/day, every route in the basket was lower. Demand/supply ratio also fell to 0.89, down from 0.95.
Supramax
Supramax had a firmer week. With BSI at 1767, WoW increased by 48. In terms of S11TC, it found itself at US$22 332/day. As Asian and West African routes led and US Gulf routes eased, demand/supply ratio was at 0.83.
Handysize
Handysize, alongside Supramax, had a firmer week. BHSI rose to 988 (+48 WoW), and HS7TC at US$17 776/day. US Gulf HS4_38 was the single largest route move of the week across all segments. Pacific routes were flat to slightly lower, and demand/supply ratio was 0.90.
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