TIMECHARTER
'SDTR Faith' 2022 84930 dwt dely Onahama 8 Jul trip via EC Australia redel S China intention coal $19,250 - cnr
'Meteor ' 2010 82589 dwt dely Singapore 26 Jun trip via EC South America redel Singapore - Japan $21,000 - cnr
'Shine Amber' 2023 82406 dwt dely Nansha 8 Jul trip via EC Australia redel Japan intention coal $19,000 - cnr
'Energy Glory' 2013 82123 dwt dely Hong Kong 8/9 Jul trip via EC Australia redel S China intention coal $17,000 - Fullinks
'Hercules Ocean' 2014 81084 dwt dely Hazira 28 Jun trip via EC South America redel Singapore - Japan intention grains $22,000 - Western Bulk
'Lucky Sunday' 2009 80372 dwt dely Gangavaram 10 Jul trip via EC India redel WC India intention coal $30,000 - cnr
'Agios Nikolas' 2004 76390 dwt dely Singapore 11/14 Jul trip via Indonesia redel Bangladesh $16,750 - Aequor Shipping
'Da Tang 712' 2012 75509 dwt dely Sual 7 Jul trip via Indonesia redel S China intention coal $16,500 - Topsheen
'Zhun Xing 7' 2001 74255 dwt dely Guishan 5/7 Jul trip via Indonesia redel S China intention coal $14,000 - Sea Kudos
'Charioteer' 2024 40101 dwt dely Recalada prompt redel North Brazil intention grains $22,500 - Lauritzen
'Boston Harmony' 2015 38561 dwt dely Necochea prompt trip redel Peru intention grains $29,000 - Clipper
'Angel' 2014 32277 dwt dely Necochea prompt trip redel Atlantic Colombia intention grain $23,000 - Drydel
'Yu Long Ling' 2011 32005 dwt dely Recalada prompt trip redel SE Asia intention grains $20,000 - Bunge
'Friendly Island' 2012 28387 dwt dely Yokohama prompt trip via Japan redel Malaysia intention slag $14,000 - cnr
VOYAGES
ORE
'TBN' 170000/10 Dampier/Qingdao 20/22 Jul $12.70 fio 90000shinc/30000shinc - Rio Tinto
'Frontier Wave' 2012 170000/10 Tubarao/Qingdao 30 Jul/2 Aug $31.60 fio 3 days shinc/30000shinc - Classic
COAL
'TBN' 75000/10 coal Gladstone/Vizag 5/14 Aug $19.60 fio 35,000shinc/35,000shinc - SAIL
All the above is given in good faith but wog. E&OE.
WRITEUP
CAPESIZE
The market made a positive start to the week, building on the improved sentiment seen at the end of last week despite trading activity remaining relatively measured. The BCI 182 5TC gained a further $1,897 to close at $39,078, while both the C5 index rising by $0.525 to $12.770 and the C3 index posting an impressive $1.500 increase to $31.614. In the Pacific, market conditions remained firm throughout the day, supported by the presence of two major miners. Pricing edged steadily higher, with bids opening around $12.50, offers sitting in the upper $12s, and fixtures reportedly concluded at $12.70 by one miner and $12.80 by an operator, reinforcing the positive underlying sentiment. The Atlantic also maintained a constructive tone, although the week began at a slower pace. Bids initially emerged around $30.80 on index dates before improving as the day progressed, with offers reported in the very high $31s and business eventually concluded at $31.60. While activity was far from frenetic, the steady improvement in pricing suggested owners remained in a confident position.
PANAMAX
An expected sluggish start to the week. The Atlantic market maintained its firmness with small increases on both routes as tonnage remained tight and strong mineral demand continued. The Asian market was very quiet, albeit with rates generally unchanged due to many Owners deciding to ballast to East Coast South America, however sources said that bids for August dates are presently discounted compared to July positions. There was also talk of potential improvements from Indonesia as recent bad weather impacts vessels itineraries. The 5TC average saw an increase of $118 today to finish at $19,943. The W-Emerald (81,652 2012) open Shanghai 4-9 July was reported fixed for 6 to 8 months redelivery worldwide at $17,900 to Swissmarine, although there was some talk that the rate was actually $17,500.
SUPRAMAX
A very slow start to the week, partly due to the 4th July celebrations. Brokers said demand remains strong from the US Gulf and tonnage is still limited, so expectations are positive despite the lack of any reported trades so far. Further south the East Coast South American market looked steady with talk of firmer numbers for end July dates, and sources commented the market in West Africa was also stronger with very limited tonnage and many Charterers looking for cover on short period. On the Continent the market looked lacklustre with limited scrap cargoes, although rates are generally steady, whilst the Mediterranean was slightly quieter although some reported an uptick in levels based on the thinning tonnage list. The Asian market was also generally subdued, with brokers pointing to poor mineral demand from Australia and South East Asia combined with limited grain cargoes from North Pacific. The areas currently holding the market up are North China backhauls to West Africa and the Mediterranean and the recently improved demand from Indonesia to India and Bangladesh. The week started with a small increase in the 11TC of $26 to $21,179.
HANDYSIZE
The market opened the week on a softer note with the BHSI edged down by 6 points to 936, while the 7TC average fell by $110 to close at $16,850. In the Continent and Mediterranean activity remained limited with rates showing little to no movement and holding steady for the time being. In both the South Atlantic and US Gulf, sources noted a wide bid-offer spread, with owners beginning to reassess their expectations lower. Meanwhile activity in Asia was similarly soft with a slight lengthening of tonnage observed in Southeast Asia, however rates remained largely unchanged.
Atlantic
The Selma Maru (28,349 2010) open Abidjan failed for a trip from Recalada to Spain with rice at $19,000 by Norden, although further details were not disclosed. In addition a 33,000-dwt vessel was heard fixed for a trip delivery East Mediterranean via Russia to the US Gulf at $11,000, while a 40,000-dwt vessel was reported fixed for a trip delivery North Spain via Russia to East Africa at $23,000, though further details were lacking.
Asia
The Ken Olive (41,515 2025) open Port Kelang was fixed for two to three laden legs in the $18,000's, while the Qing Feng Ling (34,472 2013) open Dalian was reported fixed for a trip south in the $16,000's, although further details were lacking. The Eastern Cape (28,195 2012) open Kwinana was heard fixed for a trip at $20,000, with no additional details disclosed. In addition a 40,000-dwt vessel open Japan was heard failed for a trip at around the $16,000 level, while another 40,000-dwt unit in Japan was heard fixing to West Coast India at $21,000, though further details were not confirmed.
All the above is given in good faith but wog. E&OE.