The shipping market experienced dynamic conditions throughout the week across different vessel classes. In the Capesize sector, the Pacific region witnessed positive momentum driven by increased coal shipments, while the Atlantic market saw notable activity from southern Brazil and West Africa. The Panamax market had a dramatic week, particularly in the Atlantic, with rates surging sharply, supported by stable grain demand and strong mineral-centric activity. Ultramax/Supramax sectors had a stronger week with increased enquiry and tightening prompt tonnage, notably in the US Gulf. The Handysize sector saw a resurgence of positivity in the Atlantic, especially in the US Gulf, leading to an upward trajectory in the Baltic Handysize Index (BHSI) after a sustained period of decline. Overall, the week showcased a mix of factors influencing different regions and vessel types, contributing to a complex and dynamic market landscape.

IMAGE CREDIT : GOOGLE

IMAGE: GOOGLE