TIMECHARTER
'JY Lake' 2019 81176 dwt dely Skaw 28 May trip via US East Coast redel Sweden intention coal $19,500 - Olam - <scrubber fitted>
'Kavo Pefdika' 2013 58740 dwt dely Canakkale prompt trip via Russian Black Sea redel Mombasa $18,000 - cnr
PERIOD
'Legend' 2026 82300 dwt dely Zhoushan 24 Jun 12 months redel worldwide $20,800 - LDC
VOYAGES
ORE
'TBN' 180000/10 TRMT/Qingdao 9/11 Jun $12.25 fio 90000shinc/30000shinc - Vale - <29/5 fixture>
'TBN' 180000/10 Saldanha Bay/Qingdao 21/30 Jun $28.00 fio 90000shinc/30000shinc - Anglo - <29/5 fixture>
COAL
'TBN' 75000/10 APCT-HPCT-DBCT/EC India 21/30 Jun $27.10 fio 40000shinc/40000shinc - SAIL
'SCI TBN' 38000 Beira/Vizag-Paradip 25-30 June $33.70 fio 18000 sashexuu / 14000 shinc - SAIL <29/5 sub fixture>
All the above is given in good faith but wog. E&OE.
WRITEUP
CAPESIZE
With Singapore observing Vesak Day alongside a number of other regional holidays, the week began on an exceptionally quiet note. Market participation was further reduced as many industry participants travelled to Greece ahead of Posidonia, resulting in limited activity across both basins. The BCI 182 5TC slipped by a modest $65 to close at $49,849. C5 remained effectively unchanged, easing just $0.020 to $16.390, while C3 also saw little movement, slipping marginally by $0.078 to $37.645. In the Pacific, sentiment appeared largely flat with the absence of the major miners due to the Singapore holiday. As a result, fresh enquiry was scarce. The Atlantic also experienced a subdued start to the week, with activity levels muted and participants largely remaining on the sidelines. Fixture activity was extremely limited across both regions. Market talk centred on a handful of early July C3 offers in the low $38s, although a noticeable lack of corresponding bids highlighted the cautious mood. With no major miner activity, limited cargo flow and many participants away from their desks, the market lacked clear direction.
PANAMAX
Brokers are reporting a subdued start to the week, with holidays across several regions and many market participants attending Posidonia. As a result, principals are said to be pausing to reassess their positions. This quieter sentiment is reflected in the P5TC, which increased by $9 to $21,095. In the Atlantic sources indicate a growing tonnage list, particularly in the North Continent, while both mineral and grain cargo availability remains relatively limited. The fronthaul market is showing a similar pattern, although there are indications of increased activity for end-July dates. Vessels with earlier arrival positions are reportedly having to reassess their rate expectations. In the Pacific, sentiment remains positive. Market participants continue to highlight strong export flows out of Indonesia and Australia, while volumes in the North Pacific are comparatively thinner. The An Ji Hai (76,629 2003) open in Kemen 3/13 June was reported to have fixed via CIS Pacific in the low/mid $22,000s, but further clarity and details were lacking.
SUPRAMAX
With the shipping event in Athens this week and a holiday in Singapore it was a rather lacklustre start to the week. From the Atlantic, fundamentals remained similar to the end of last week with both sides collecting and watching for any clear direction to become apparent. The Asian arena saw limited fresh enquiry appearing and fresh fixture information remained lacking. The 11TC average remained balanced gaining just $20.00 to settle at $19,847.
HANDYSIZE
The market started the week on a quiet note, with sentiment appearing largely flat across most loading regions and participants generally taking a cautious, wait-and-see approach. The BHSI edged up by 2 points to 853, while the 7TC average rose by $41 to $15,353. Across the Atlantic basin, the Continent and Mediterranean remained finely balanced, with limited fresh enquiry as many participants were travelling for various shipping events which kept fixtures and pricing ideas relatively unchanged. In the US Gulf, rates continued to firm despite a lack of reported fixtures and limited fresh information, indicating that owners were still benefiting from a relatively tighter position list and firmer expectations. Meanwhile, in Asia, the market began the week quietly but on a positive note, supported by limited tonnage availability and steady demand despite regional holidays, helping to maintain a constructive tone across the region.
All the above is given in good faith but wog. E&OE.
Thanks and best regards.
ShipOffer Team