www.TheSeaNation.gr

Although there were more cargoes, they weren't enough to absorb the extra supply and shift the market sentiment. A boost in demand is needed for stabilization next week.

• ECSA: The market started strong with a healthy volume of fixtures but slowed midweek, leading to lower rates. Most cargoes were for smaller vessels, leaving larger ones under pressure. No significant changes are expected next week.

• Continent: Oversupply pressured the market, though some Russian Baltic cargoes offered premiums, providing opportunities for owners. More activity is expected after Eisbein.

• Mediterranean: It was another slow week with weak demand, including a few grain cargoes from the Black Sea that couldn't reverse the downward trend. A flat market is anticipated next week.

• MEG/India: Increased demand helped stabilize the market. It is expected to remain firm next week.

• SE Asia/FEast: The southern region remained under pressure despite a healthy supply from Australia, mainly due to the negative trend of previous weeks. In the north, the market favored charterers due to a short cargo list. The outlook for next week is negative.

Ultramax

• ECSA: Demand increased, but oversupply from West Africa prevented rate hikes. Additionally, competition from Panamaxes kept the sentiment bearish for the following week.

• USG: The market continued to decline due to high tonnage and a short cargo list to Asia. Many charterers are also considering Panamaxes for SMX-UMX stems, so the market is expected to remain under pressure next week.

• Continent: Activity was slow due to Eisbein, pressing rates down. More action is expected next week, but it's uncertain if this will affect rates.

• Mediterranean: There was a lack of fresh demand from both the west and east. Charterers in the Black Sea took advantage of the weak market, not offering attractive premiums. An increase in cargo flow is needed to improve sentiment next week.

• MEG/India: The market mirrored the previous week with slow demand and various discussions but no significant movement. Rates dropped further, with no positive recovery expected next week.

• SE Asia/FEast: The sentiment remained bearish in both the south and north. Only routes to India offered premiums as owners were reluctant to sail there. No change in trend is expected next week.

Disclaimer

This report and the information contained herein are for general information only and does not constitute an investment advice

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