MID-SHIP Alumina/Bauxite – April 28, 2025

April 28, 2025

Market Overview: 

The week began slowly but positively, with the Geneva Dry Conference and the upcoming Mayday holidays on Thursday expected to cause some disruption.

Uncertainty around U.S. trade policy and its impact on the global economy continues to drive the daily discourse and stunt activity in the U.S. Gulf. Several vessel Owners are commenting about having written off the U.S. Gulf through May.

Capes started positively, with growing demand within the Atlantic. Panamax moved sideways but remains firm after several weeks of improved rates, particularly EC South America. Supra, like Panamax, moves sideways with a firm undertone. Handy size remains static and lackluster.

Domestically, historic flooding on the Ohio River will drive delays along the Lower Mississippi as the water volume moves down the system. Expect high water delays, restrictions, and closures over the next several weeks.

Internationally, we are a few weeks away from the commencement of the Monsoon Season in West Coast India. The EU’s electronic security screening system (ICS2 Release 3) for ocean, road, and rail freight, implemented on April 1, 2025, adds compliance burdens, potentially slowing customs processes. The full impact of ICS2 Release 3 will become clearer in May, with possible delays at European ports as shippers and carriers adjust to new requirements. Companies should ensure compliance to avoid bottlenecks.

 

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