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• USG / USEC – The market maintained its upward trend as the owners imposed their ideas and charts followed. For spot cargoes, charters had to pay higher numbers. Next week, expect to see the same trend as the cargo flow will remain healthy.
• ECSA – The market's view was mixed. There was an increase in demand for larger sizes, but smaller sizes suffered from a lack of fresh cargoes. Expect a healthy cargo flow at the beginning of next month.
• CONTI – The market increased as it was enriched with more fresh requirements and a limited number of open vessels. Leading this course were the trips to WAFR and USG. Expect the market to remain firm for the next week.
• MED – Grains were the protagonists, followed by minerals and general cargoes. Thus, the market increased, and the sentiment is expected to remain bullish for the next week.
• MEG/INDIA – During the short week due to Eid, the market was supported by a limited supply of capacity and a few fresh cargoes, keeping the market firm. Expect the market to remain firm for next week.
• SEASIA/FEAST – The North was stronger than the South with many steel cargoes. Furthermore, trips to the South also paid a premium. If Australia returns to action, expect the market to move positively for next week.

SUPRAMAX

• ECSA – The market had a firm start to the week with strong demand. Although the rest of the week wasn't the same as the number of ballasters increased, pressing the rates. A push on the demand is needed to see any development for next week.
• USG – The market was under pressure as the demand wasn't sufficient to absorb the steady flow of supply. Larger losses were noted for loading at the beginning of next month. Expect the market to maintain the same trend for the following week.
• CONTI – The market was very active as the charterers were in a hurry to fix the spot scrap cargoes, increasing the rates. However, as the tonnage list didn't renew at the end of the week, expect the market to stabilize in the following week.
• MED – The market seemed stable. Some fresh cargoes were covered quickly, but there were still open vessels keeping the market at the same levels. Don't expect significant changes for the following week.
• MEG/INDIA – It was a short but active week due to the increase in demand and the volume of fixtures. If the cargo list remains healthy, expect the market to stay on the positive side rate-wise for next week.
• SEASIA/FEAST – Indonesian coal and Chinese steels led the market to higher levels, clearing out many spot vessels. Australia remained quiet, but on the other side, North Pacific cargoes were steady. Expect 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