Supramax and Ultramax demand improves across South East Asia
Steady coal and minor bulk enquiry from Indonesia has supported Supramax employment in the region.
Supramax and Ultramax tonnage in South East Asia found firmer employment this week as Indonesian coal stems and regional minor bulk cargoes maintained enquiry levels.
Owners reported a shorter list of prompt vessels in the Singapore area, with several units fixing for Indian sub-continent discharge. Period interest was described as selective but present.
Backhaul opportunities from the Far East remained limited, keeping some tonnage focused on intra-regional trades.
Brokers said the market is likely to remain steady while Indonesian export volumes hold, with attention turning to monsoon-related loading delays later in the quarter.
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