TIANJIN JIAYI STEEL CO.LTD , https://www.jiayisteel.com
The freight rate of handy bulk carriers continued to rise this week, reaching $5,369 per day, the highest since October 19, 2015. In addition to the US East Line, with the improvement of supply and demand, the index of each route increased slightly last week. The HS1 route increased by $590 to $3,530/day, and the HS2 route increased by $492 to $3,850/day. In a recent report, the shipping brokerage company Braemar Shipping Services said that the handysize market, including some other ship types, has been in the upward channel for three consecutive weeks, and the downward trend has been temporarily suppressed. The capacity of the Far East and Australia will be tight until the end of the month. Shipowners are expected to see a sharp increase in spot and forwarding goods. According to the report of the exchange, the freight index in Europe and the Black Sea region is stable, and the trade in the Atlantic region is weak. For the handy bulk carrier, the past week has been positive. The downside routes included the HS4 route, which fell $485 to $7,729 last week, and the HS3 route fell from $7083 to $6,747. Currently, the spot time price from Brazil to the Baltic Sea is $8,600 per day, while the freight rate from the Black Sea to the Mediterranean is $4,500 per day.