Handies rates slide
THE handysize bulker market was fairly subdued in the past week due to vessel oversupply and a lack of of fresh cargoes.
According to MANA, The Baltic Exchange Handysize Index was assessed at 459 points on Friday, significantly down by 9.6% from the week-ago level of 508.
The HS5 Southeast Asia via Australia to Singapore-Japan and the HS6 South Korea-Japan via North Pacific to Singapore-Japan routes recorded a drop in rates last week, to $5,029 per day and $5,000 per day as of Friday's close, down 4.5% and 7% week on week respectively.