www.TheSeaNation.gr

HANDYSIZE
• USG / USEC - Supply and demand balanced out, prompting owners to push rates to increase. TA and local trips bolstered the market, with expectations of
continued firmness next week.
• ECSA - Market sustained an upward trajectory driven by increased demand and limited tonnage supply. Predictions lean towards to be firm in the upcoming
week.
• CONTI - Market dynamics were buoyed by fertilizer cargoes ex Baltic, prompting owners to adjust their rates accordingly. Minimal changes are anticipated for the
following week.
• MED - Market activity remained subdued with a dearth of fresh requirements and an uptick in supply, resulting in rates to be under pressure. A surge in
demand could alter the current bearish sentiment for the next week.
• MEG / INDIA - Positive market sentiment prevailed, particularly with significant activity ex India or Gulf. Anticipate market momentum to persist in the coming
week.
• SEASIA / FEAST - Market cooled off after a period of gains, with limited activity in both South and North. Given the current cargo list, a continuation of this
downward trajectory is expected for the next week.
SUPRAMAX
• ECSA - Increased demand drove rates up, absorbing available vessels, with the larger panamax segment also exerting a positive influence. Minimal changes are
forecasted for the next week.
• USG - Sentiment strengthened as the tonnage list decreased and local trips increased. Expect further market developments in the upcoming week.
• CONTI - Market activity was subdued, leading to increased competition among owners and declining rates. A surge in demand is required to spur any market
developments for the following week.
• MED - Cement and mining cargoes replaced grains, while weather conditions in the Bosporus strait limited tonnage availability. Expect equilibrium favoring
owners due to congestion in the strait, with similar conditions anticipated for the upcoming week.
• MEG / INDIA - Limited new cargoes failed to bolster rates, resulting in a market downturn. Increased demand will likely lead to higher rates in the following week.
• SEASIA / FEAST - Market downturned due to limited cargo flow in the North, though the South saw tighter supply. Reduced demand couldn't sustain rates, with the market expected to remain under pressure for the next week.