TIMECHARTER
'Yasa H. Mulla' 2011 83482 dwt dely Dalian 13/17 Jun trip via NoPac redel SE Asia intention coal $18,000 - Wah Kwong
'Peak Haku' 2021 82514 dwt dely Bremen 20/21 Jun trip via US East Coast redelivery India intention coal $33,000 - cnr - <scrubber fitted>
'Trikeri' 2023 82016 dwt dely PMO 25 May trip via EC South America redel Singapore-Japan intention grains $24,000 - Cofco
'Marco' 2009 81393 dwt dely Haldia 14/18 Jun trip via EC South America redel Singapore-Japan intention grains $20,000 - Cargill - <scrubber benefit 50/50>
'Panamax Universe' 2012 79393 dwt dely Hong Kong 15/16 Jun trip via Indonesia redel Malaysia intention coal $17,000 - Ocean Five
'Kiran Eurasia' 2011 79158 dwt dely Shanghai 16 Jun trip via NoPac redel Singapore-Japan intention grains $16,000 - Element
'Chang Yang Jin Long' 2004 76423 dwt dely Hong Kong 17/18 Jun trip via Indonesia redel South China $16,000 - cnr
'Pallada' 2012 76039 dwt dely Goa 17/18 Jun trip via EC South America redel Singapore-Japan $20,000 - cnr
'Katerina III' 2011 75503 dwt dely CJK 10 Jun trip via Indonesia redel South China $17,500 - Cargill
'Jabal Hafit' 2017 63369 dwt dely Paradip 11 Jun redel China $14,250 - Fortune Bulk
'Jiayao' 2010 57011 dwt dely Haldia 18 Jun redel China intention iron ore $12,500 - BBN
VOYAGES
ORE
'LDC TBN' 170000/10 Tubarao/Qingdao 4/10 Jul $35.50 fio 3 days shinc/30000shinc - IRH
COAL
'Fortune Olive' 2026 75000/10 Mobile/Bahodopi 1/5 Jul $51.00 fio 25000shinc/15000shinc - E-Commodities
'TBN' 75000/10 Newport News - Norfolk/EC India 15/24 Jul $52.55 fio 40000sshex/40000shinc - SAIL
All the above is given in good faith but wog. E&OE.
WRITEUP
CAPESIZE
The market drew to a rather subdued close to the week, with limited activity and softer sentiment evident across both basins. The BCI 5TC slipped modestly, declining $300 to settle at $35,251, reflecting the generally muted tone observed throughout the day. C5 remained relatively flat, easing just $0.045 to $11.890, while C3 edged lower by $0.522 to $35.455. In the Pacific, the week concluded on a muted note, with a flat market prevailing amid minimal fresh impetus. Miner presence was notably thin, with only one C5 miner reported in the market, contributing to the subdued trading environment. Offers were heard at the start of the day in the low $11s, with bids circulating around $10.70, though no fixtures were confirmed at the time of writing. The Atlantic basin mirrored the quiet conditions seen in the Pacific, also closing the week on a subdued footing with sentiment edging slightly softer. While a handful of fixtures were concluded the previous evening at $35.95 and $36, subsequent reports suggested a lower level was achieved, with $35.50 said to have been fixed for 4–10 July. For index dates today, offers were around $36, though a noticeable lack of bids limited further activity.
PANAMAX
The North Atlantic has seen a marked tightening of the tonnage list, particularly for prompt vessels, according to market sources. Bid levels are reported to be strengthening across both trans Atlantic and fronthaul routes, alongside a rise in owners' expectations. Trans Atlantic grain and mineral stems are said to have increased, further adding weight to the tonnage demand. Despite this, overall trading activity has remained subdued today, as many participants take a pause ahead of next week. A notably wide bid–offer spread is also said to persist in the market. The Afroessa (78,175 2014) open in Ijmuiden 21/22 June was reported to have fixed a trip via North Coast South America redelivery Skaw-Gibraltar range at $19,000 to Cargill. The P5TC marked an increase today of $290 to conclude the week at $20,545 with the increase largely attributed to both the trans Atlantic and fronthaul routes. In the Pacific, sentiment has been more mixed. Brokers have indicated the market has, for the most part, felt flat overall with suggestions that a potential floor may have been established. Some fixing activity has been reported, particularly out of Indonesia, though mainly for more forward positions. The Sweet Lydia (79,467 2012) open in Mariveles 21/24 June fixed for a trip from Indonesia to the Philippines around the mid $23,000s, but the charterer remains unknown. Similarly, the Jian Xiang (73,601 2004) open in Chaozhou was reported to have fixed an Indonesia round at $17,000 but again details of the charterer were lacking. Period activity has been noted throughout the week, with durations ranging from 4/6 months up to one year. However, reported activity today has been muted.
SUPRAMAX
A typical Friday with very little fresh information surfacing. Sentiment did however remain positive across the board brokers saying demand remained both in the North and South Atlantic and a little more action was being heard from the Mediterranean. From Asia some felt that the market was a little toppy as the week closed although again fresh fixing information was limited. Brokers said that demand remained for backhaul but the recent push for the NoPac had plateaued. From the Indian Ocean, the Santa Rita (56,677 2010) open Chittagong 14/18 June was heard fixed in the low-mid $12,000s for a trip via Indonesia to South China but no more details came to light. Also, the Jin Yuan Men (63,758 2025) was placed on subjects delivery Gangavaram 18/23 June for a trip via EC India redelivery China at $14,000. The 11TC average finished the week up $111 at $20,756.
HANDYSIZE
The week wrapped up on an overall positive note, with continued optimism anticipated across both the Atlantic and Pacific basins. The BHSI increased by 10 points to 900, while the 7TC average settled at $16,195. The Continent and Mediterranean regions experienced a quiet day, although sentiment remained positive and rates continued to edge higher. The South Atlantic and US Gulf markets remained healthy following several strong fixtures reported yesterday, keeping sentiment firm. Meanwhile, the Asian market sustained its upward momentum, with participants cautiously optimistic as rates continued to strengthen on the back of further steel orders. The Guo Dian 7 (33,016 2009), open Chittagong was fixed via East Coast India to Vietnam with steels at close to $12,000, while the HTK Neptune (37,426 2007) open Teluk Bayur on 12 June was fixed via Indonesia with coal in the $11,000s, although further details were not disclosed. The Bunun Respect (37,987 2021) open Cilacap was fixed for two laden legs at $22,000 by Hyundai Glovis, again with limited further details available. In addition, a 39,000 open Japan 14/17 June was fixed for a trip via Japan to East Coast India with steels, with redelivery passing Penang in the high $17,000s, while a 34,000 open China was fixed for a trip to West Coast India at $25,000, with further details undisclosed.
All the above is given in good faith but wog. E&OE.