Firmer Sentiment \/ Ballasters Dropping below 12m avg: Ballasters Vs Baltic Rates<\/p>\n
pril ends with firm sentiment in both Capesize and Panamax segments. On the C3 route, freight levels are supported by ballaster counts trending below the 12-month average. In Panamax, low ballaster availability across the P1\/P2\/P7 routes signals an undersupplied market, underpinning current rate strength.<\/p>\n
The Baltic Dry Index is approaching 2,700 points, with gains recorded across all sub-indices: Capesize leading at +117.4% YoY, followed by Supramax +58.2%, Handysize +41.8%, and Panamax +40.9%.<\/p>\n
Capesize C3 \/ Panamax P7 | Firmer<\/p>\n
C3 Tubarao\u2013Qingdao \/ P7 US Gulf\u2013Qingdao grain<\/p>\n
Capesize C3 \/ Panamax P7<\/p>\n
C3 | Tubarao to Qingdao | 33.12 $\/MT | Day: +0.09 | Week: -0.28 | Year: +13.27<\/p>\n
P7 | US Gulf to Qingdao grain | 68.69 $\/MT | Day: +0.01 | Week: -0.78 | Year: +22.37<\/p>\n
Supramax S4A \/ Handysize HS4_38 | Firmer<\/p>\n
S4A US Gulf trip to Skaw-Passero \/ HS4_38 US Gulf trip via USG or NCSA<\/p>\n
Supramax S4A \/ Handysize HS4_38<\/p>\n
S4A | US Gulf trip to Skaw-Passero | 28,100 $\/day | Day: -143 | Week: +1,379 | Year: +14,021<\/p>\n
HS4_38 | US Gulf trip via US Gulf or North Coast South America | 14,071 $\/day | Day: +392 | Week: +1,600 | Year: +3,850<\/p>\n
C5 West Australia\u2013Qingdao<\/p>\n
C5 | West Australia to Qingdao | 13.20 $\/MT | Day: +0.17 | Week: -0.32 | Year: +5.13<\/p>\n
Panamax P5_82 \/ Supramax S10 | Firmer<\/p>\n
P5_82 South China, Indonesian round voyage \/ S10 South China trip via Indonesia<\/p>\n
Panamax P5_82 \/ Supramax S10<\/p>\n
P5_82 | South China, Indonesian round voyage | 20,244 $\/day | Day: +413 | Week: +1,772 | Year: +8,863<\/p>\n
S10 | South China trip via Indonesia to South China | 17,668 $\/day | Day: -216 | Week: +1,305 | Year: +5,832<\/p>\n
We take a closer look at the basins of ballast count increases per vessel size segment.<\/p>\n
Ballasters are rising in the Indian Ocean\/SA to more than 160 (+8% WoW), while in Australasia the count has sustained at 200.<\/p>\n
Atlantic basins are surging. NATL up +38% WoW and SATL up +32% WoW, while FEAST\/NOPAC basin shows modest growth.<\/p>\n
The North Atlantic basin is surging with the count up +40% WoW and FEAST\/NOPAC up +20% WoW.<\/p>\n
Ballasters are surging in the Atlantic and Pacific, with NATL and SATL leading at +31% and +33% WoW. The Indian Ocean is growing at a more measured pace of +9%.<\/p>\n
DEMAND | TONNE MILES \u2013 7D MA \u2013 INDEX VIEW<\/p>\n
Capesize \u2193 0.9% WoW | Panamax \u2193 1.5% WoW | Supramax \u2193 0.3% WoW<\/p>\n
Tonne Miles \u2014 Base 100 Index<\/p>\n
By the end of April, Supramax and Panamax are losing momentum, while Capesize is showing a renewed upward trend. Despite the recent softening, both Capesize and Panamax indices remain above the 100% threshold, indicating still-elevated demand levels, whereas Supramax continues to lag below.<\/p>\n
hellenicshippingnews…<\/p>\n