TIMECHARTER
'Xing Huan Hai' 2022 84998 dwt dely Phu My 16/18 Jun trip via WC Australia redel China intention iron ore $27,250 - Cosco
'Ionic Pride' 2017 84992 dwt dely Nagoya 11/12 Jun trip via EC Australia redel Japan intention coal $23,750 - Jera - <recent>
'One Ocean' 2009 82654 dwt dely Paradip trip via EC South America opt NC South America redel Singapore-Japan $18,500 - Cargill
'Shine Pearl' 2024 82427 dwt dely Zhanjiang 11/12 Jun trip via Australia redel South China intention coal $24,500 - cnr
'BH Assemble' 2015 81841 dwt dely Mizushima 10/11 Jun trip via Australia redel China intention coal $24,250 - cnr - <scrubber benefit charterers'>
'Caravos Triumph' 2012 81664 dwt dely EC South America 16/17 Jun trip redel Singapore-Japan $20,000+$1,000,000bb - comerge
'Darya Aum' 2018 81109 dwt dely Cai Lan 12/17 Jun trip via South China redel India intention limestone $22,000 - Adhart
'Flag Lama' 2017 80891 dwt dely Jaigarh 22 May trip via EC South America redel Singapore-Japan $21,750 - Cofco
'New Bonanza' 2006 76596 dwt dely Abidjan 23/27 Jun trip via EC South America redel Singapore-Japan $27,750 - cnr
'Great Mind' 2011 75474 dwt dely Port Kelang 26 May trip via EC South America redel Singapore-Japan $18,600 - Reachy
'Dagher' 2014 55757 dwt dely Hong Kong prompt trip via Vietnam redel Yanbu intention barites $26,000 - Centurion
'Kang Yu' 2004 52988 dwt dely Ningde 13 Jun trip via Philippines redel China intention nickel ore $19,500 - cnr
'Bunun Wisdom' 2012 38168 dwt dely Cape Henry prompt trip redel Nador intention coal $22,000 - Novalevantina
'Crystal Confidence' 2016 34874 dwt dely Richards Bay prompt trip redel US Gulf $14,850 - cnr
'Lian Yi da 1 Hao' 2011 32906 dwt dely Jeddah prompt trip via Adabiya redel Kakinada $13,000 - Bainbridge
'GR Athens' 2012 32503 dwt dely Richards Bay prompt trip redel China $14,250 - cnr
'Lucky River' 2009 28343 dwt dely Gwangyang 8 Jun trip via China and Oman redel China $14,500 - cnr
PERIOD
'Athinoula' 2012 82177 dwt dely Tianjin 9 Jun 5/7 months redel worldwide $21,350 - Smart Gain
'Castellani' 2014 82050 dwt dely Zhanjiang 9 Jun 4/6 months redel worldwide $22,500 - Oldendorff - <scrubber benefit owners'>
'Pisti' 2021 81737 dwt dely CJK 8 Jun 4/6 months redel worldwide $21,000 - Costamare
'Light Venture' 2020 81492 dwt dely Xinsha 12 Jun 11/13 months redel worldwide $19,000 - Reachy - <scrubber fitted>
'Kurpie' 2009 38981 dwt dely Casablanca prompt min 4 months max 6 months redel Atlantic $13,000 - Cargill
VOYAGES
ORE
'Oldendorff TBN' 180000/10 Ponta Da Madeira/Rotterdam 1/7 Jul $15.85 fio 3 days shinc/40000shinc - Vale - <10/6 fixture>
'TBN' 170000/10 Dampier/Qingdao 27/29 Jun $12.00 fio 90000shinc/30000shinc - Rio Tinto
'TBN' 160000/10 Port Hedland/Qingdao 27/29 Jun $11.95 fio 80000shinc/30000shinc - BHP
'TBN' 160000/10 Port Hedland/Qingdao 27/29 Jun $11.90 fio 80000shinc/30000shinc - BHP
'TBN' 160000/10 Port Hedland/Qingdao 22/23 Jun $12.30 fio 80000shinc/30000shinc - FMG
COAL
'TBN' 75000/10 Nacala/EC India 5/14 Jul $21.35 fio 33000sshex/40000shinc - SAIL
All the above is given in good faith but wog. E&OE.
WRITEUP
CAPESIZE
The market remained under pressure on Wednesday, although the pace of decline in the Pacific moderated compared to the sharp losses seen earlier in the week. The BCI 182 5TC fell by a further $1,267 to settle at $39,007, C5 edged down by just $0.165 to $12.015 and C3 slipped by 0.255 to $35.395, suggesting the market may be beginning to find a degree of stability. In the Pacific, sentiment remained slightly softer, but activity levels indicated that the market may be levelling out. All three major C5 miners were active, providing some support. Early reports suggested fixtures for 22 June ETA were concluded around $12.30, while later June dates (27-29 June) were reported in the $11.90-$12.00 range, highlighting the softer tone but also demonstrating continued miner participation. The Atlantic presented a mixed picture. South Brazil and West Africa to China routes remained broadly steady, although activity was relatively thin on index days, with C3 bids around $35 versus mid $35s. In contrast, North Atlantic sentiment weakened, with a softer transatlantic fixture reported overnight contributing to C8 falling by $3,281 to $47,094.
PANAMAX
Market participants have noted a stronger start in the North Atlantic this morning, driven by a clear pickup in fronthaul enquiry and a thinning prompt tonnage list. Sources suggest there is a growing sense that charterers are willing to bid above previously concluded levels to attract interest and narrow the bid-offer spread. By contrast, trans Atlantic demand remains comparatively subdued. However, with firmer sentiment emerging from the fronthaul trades, some in the market believe this improving tone could begin to support rate discussions across Atlantic routes as well. Fixture activity reported today on both routes has been more notable, contributing to the upward momentum. As a result, the P5TC has increased by $51 to $19,897. In the Pacific, sentiment remains on the softer side, although the pace of decline appears to have eased somewhat. Brokers highlight that demand for prompt tonnage is still relatively light, with charterers showing limited urgency and continuing to take a measured approach when covering requirements. That said, fixture volumes have picked up compared to earlier in the week, which is a notable shift. Australian routes continue to achieve a slight premium, although there remains a clear gap between owners' expectations and current bidding levels. Overall, the market continues to be weighed down by a long tonnage list and a lack of fresh enquiry, leaving fundamentals unsupportive of any near-term turnaround in sentiment.
Atlantic
The Transatlantic (81,250 2012) open Gibraltar 13 June was said to have been placed on subjects for a fronthaul trade, but no further details emerged. The Nikomarin (82,779 2025) open Santos 10 July was also on subjects for a trip to Singapore-Japan range with Panocean but a rate did not surface. Messrs Cofco were said to have placed the Trikeri (82,016 2023) on subjects for an East Coast South America fronthaul and the scrubber fitted Marco (81,393 2009) open in Haldia 14/18 June was also said to be on subjects for a similar trade, but a rate and charterer remain unknown. The Konkar Venture (82,099 2015) in ballast towards East Coast South America arriving around the end of June was said to be on subjects. The Crater (76,807 2006) fixed basis delivery Recalada 17/22 June for a trip to the Red Sea with grains to Al Ghurai but the fixing levels did not emerge.
Asia
The Efrossini (82,111 2025) open in Lyomishima 13/16 June fixed a trip via East Coast Australia to Japan to MOL with a rate in the region of mid to upper $24,000's.
SUPRAMAX
Market sentiment remained firmer today for the most part, continuing the more positive tone seen yesterday. The Polyworld (56,645 2011) open Tieshan 15/18 June was said to have fixed in the high $18,000s for two laden legs but other details failed to surface. The Alrayan (56,859 2011) open Xiamen was reported to have covered for a trip back to the Continent at $18,500 but a charterer did not materialise. The Oslo Venture (63,234 2015) open in Lanshan 13/16 June was said to have been placed on subjects for a trip to the Mediterranean at $26,000 to Messrs Glovis. The Balkan Derin Feyza (50,780 2010) open Kakinada fixed a steels cargo to the Continent at around $13,000 and the Pacific Award (61,411 2015) fixed basis delivery Singapore at $21,000 for a trip via Indonesia to the Philippines with coal to Norden. The 11TC average edged higher on the day, gaining $53 to close at $20,449.
HANDYSIZE
It was a relatively active day in the Handysize market, with rates in most loading areas improving from previous levels. The BHSI gained 7 points to 875, while the 7TC average rose by $115 to $15,744. Across the Atlantic basin, the Continent and Mediterranean saw some activity, although the bid-offer spread remained wide and rate levels appeared broadly flat. By contrast, the South Atlantic and U.S. Gulf continued to show firm fundamentals, supporting a stronger rate environment. In the Pacific, the market also remained relatively firm, with a handful of fixtures reported. A 38,000-dwt vessel open in Southeast Asia on 21–24 June was heard fixed for multiple legs in the low $19,000s, while a 40,000-dwt vessel open in South Australia on 21–25 June was also heard fixed for a coastal gypsum trip in the high $18,000s, although further details were not disclosed.
All the above is given in good faith but wog. E&OE.
Thanks and best regards.