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• USG / USEC – The market was stable without any significant changes in supply and demand. There were some coal and grain cargoes in the market, but healthy tonnage list didn’t let the rates increase. According to the current equilibrium of supply-demand expect the market to proceed sideways for the following week.
• ECSA – Market kept the firm course of the previous week so many fixtures were noted at the beginning of the week. Although a large volume of ballasters ex USG threatened the upward trend. Expect the market to remain firm during the upcoming week.
• CONTI – Small sizes could find a biz. easier than the bigger sizes. Owners had limited choices between ferts, grains and scrap cargoes. An increase on demand is necessary to observe any changes for next week.
• MED – The market was quiet with limited action in the West, as well as in the East. Demand was low so supply built up. Expect the same pressure for the following week with the Orthodox Easter upcoming.
• MEG / INDIA – Seemed that the market didn’t find its way yet. So, there weren’t any developments in the market during last week. Need a development in the demand to see any improvements for the following week.
• SEASIA / FEAST – The market was slow in the beginning of the week but sped up with more cargoes ex Aussie and North as well. Predictions are positive for next week.

SUPRAMAX

• ECSA – Limited supply of tonnage combined with increased demand pushed rates up. Although the north sustained some pressure as many vessels were moved from north. Expect further developments during next week.
• USG – The market seemed to be building up a strong dynamic in the beginning of the week with various fixtures reported. TA demand was the main supporter of the market. At the end of the week a slowdown in demand was observed, and a slow start should be expected for the following week.
• CONTI –The week was uneventful with weak cargo flow. Furthermore, there was a significant spread between bid and ask prices. Hope to see more action after the scrap event for next week.
• MED – A Tale of Two Periods. For April, shipping rates were favorable as ample spot tonnage was available. However, rates for May are trending lower. Market activity is expected to slow in the coming week due to the upcoming Orthodox Easter holiday.
• MEG / INDIA – Supply remained strong although cargo list was enough to change the sentiment and rates increased. A push in the demand will assist the market to remain firm for next week.
• SEASIA / FEAST – Healthy cargo flow kept the upward trend. Also, charterers were keen to fix before Labor Day (1st May) increasing the activity in the north and south as well. Wait less action due to mid-week holiday 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