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• USG / USEC – USEC and Intercarib trades were very active as there were many options for the owners. Expectations remain positive for the next week.
• ECSA – Demand increased but oversupply held back any improvement of the rates. Anticipate an upward trajectory of the rates in the upcoming week.
• CONTI - Market was positive remaining in owners’s favor so they kept the upward trend of the rates. Expect market to move in this way for the following week.
• MED - Market increased due to the general firm sentiment in Atlantic. Supply was also limited due to the congestions in Bosporus straits. At the end of the week an influx of fresh cargoes was noted offering optimism for the next week.
• MEG / INDIA – Market moved slowly without any impressive action, due to Ramadan and holidays in India, leading to decreased rates. Wait more action after the Ramadan.
• SEASIA / FEAST – The absence of the Aussie, short cargo list ex north and the balanced market in Indonesia cooled off the rates. Sentiment is bearish for the next week.

SUPRAMAX

• ECSA – The week started firmly with a healthy cargo flow. Although during the week the competition increased from the Panamaxes, pressing the rates for trips to Asia. An improvement on demand will increase the levels for next week.
• USG – Market started a promising week although expectations were quickly dashed. Furthermore rate levels varied according to shipment dates. The increasing tonnage list is expected to press the market the upcoming week.
• CONTI - Market was firm as it was enriched with more cargoes to Asia for the beginning of April. Although scrap trade was quiet and an improvement on this kind of cargoes will improve further the rates for the following week.
• MED – Cement cargoes led the market to higher levels filling in the gap that left by grains. Furthermore shipments to Asia were fixing at higher levels. Expect market to proceed firm for the upcoming week.
• MEG / INDIA – Gulf noted some action but India was quiet due to Ramadan. Furthermore, cargoes ex India were limited due to the decrease of the exports. Worth to note that bigger vessels of the section were positively affected by ECSA firm market. Need more cargoes in order for market to move upward in the following week.
• SEASIA / FEAST – The equilibrium supply-demand was balanced for the end March and Early April. Although regular trades were fixed lower than last time and only Steel cargoes offered a premium to owners. South was under pressure due to decreased demand and is expected to remain the same for next week.

Best Regards,

Iakovos (Jack) Archontakis
TMC Commercial Director (as Agents only)

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