TIMECHARTER
'Shen Hua 802' 2013 75381 dwt dely Hong Kong 5/10 Jun trip via Indonesia redel South China $21,000 - CNR
'Star Halifax' 2020 63614 dwt dely Koh Sichang prompt trip via Indonesia redel Thailand $17,000 - cnr
'Sunisa Naree' 2016 63345 dwt dely Richards Bay prompt trip redel EC India intention coal $24,000 + $240,000bb - Oldendorff
'Akij Star ' 2009 58803 dwt dely Suao 4 Jun trip via Philippines redel China $17,000 - cnr
'Sea Hope' 2015 37687 dwt dely Sendai prompt trip via EC India redel Penang $16,000 - Seanet
'Navi Sun' 2015 34398 dwt dely Laem Chabang 3/6 Jul trip redel US Gulf $15,050 - Drydel
VOYAGES
COAL
'TBN' 75000/10 Bunati/Go Gia 16/20 Jun $10.25 fio 15000shinc/14000shinc - Hanson
All the above is given in good faith but wog. E&OE.
WRITEUP
CAPESIZE
As Posidonia moves into full swing, there was a noticeably quieter feel to the market today, with attention and activity seemingly drawn away from trading desks and towards events in Athens. The softer backdrop was reflected in the BCI 182 5TC, which slipped $338 to close at $49,511. C5 eased $0.205 to $16.185 while C3 remained largely unchanged, slipping just $0.054 to $37.591. Sentiment in both the Pacific and Atlantic basins softened amid limited fresh enquiry and a lack of momentum from either region. Miner participation was notably subdued, with only one major miner reported in the market. In the Pacific, offers were said to have started the day in the mid-$16s, although with little enquiry and limited buying interest, bids were heard closer to $15.50 while offers remained in the upper-$15s. While this spread was reportedly for a Newcastlemax, details remained unconfirmed and, at the time of writing, no fixtures had been reported. In the Atlantic, early July C3 discussions were heard with bids in the mid-$36s against offers in the mid-$37s, highlighting the lack of activity and the gap that remains between owners' and charterers' expectations.
PANAMAX
Brokers report another subdued day, particularly in the Atlantic, where fresh enquiry remains limited and there is little activity to shape sentiment. Overall, the tone continues to lean negative. Tonnage availability is said to be increasing, with a number of prompt vessels emerging especially in the North Continent. As a result, rates are reportedly coming under pressure, with owners willing to revise ideas downward in an effort to secure employment. Fronthaul business is following a similar softening trend for earlier laycans, as market participants continue to await clearer directional signals. In the Pacific, sentiment appears more mixed. Some sources indicate that the market is softening in the short term, while others suggest a relatively flat outlook. Indonesia is generally described as balanced on the spot market, although there are indications of a more positive forward outlook. Meanwhile, Australian mineral exports remain active and continue to provide some underlying support. The Yasa Eagle (81,516 2012) open in Gopalpur 5/10 June was reported to have been placed on subjects for an intra EC India coastal and the Yasa Sapphire (82,406 2023) open Paradip 2/4 June was said to have fixed for a trip via EC India redelivery EC India with coal at $32,500, but the charterer remains unknown for both. The Pacific Nobility (81,929 2026) open CJK 4 June was reported to be on subjects for a North Pacific round voyage with grain but again further clarity lacked. The P5TC fell by $110 to conclude at $20,985.
SUPRAMAX
Whilst fresh information remained lacking overall sentiment remained positive within the Atlantic. Brokers again spoke of stronger numbers being seen from the US Gulf, but no fixtures were disclosed. The South American arena also remained robust although again fresh fixing was limited. From Asia, a rather split situation appeared. Brokers said that demand was seen from the north however further south downward pressure was seen as there was a good amount of prompt tonnage. The Rossarin Naree (63,557 2026) open CJK was heard fixed in the low $20,000s for a NoPac round voyage but no further details surfaced. Limited period activity saw a 61,000 open S China fixed at $22,000 for 4/6 months trading, with the first leg to US Gulf but no more details came to light. The 11TC average finished the day up $86 at $19,933.
HANDYSIZE
The Handy market experienced another subdued session, with limited fresh information emerging. The BHSI edged up by 1 point to 854, while the 7TC average rose by $15 to $15,368. In the Atlantic, trading remained slow, with Posidonia keeping many participants away from their desks across most loading regions. The U.S. Gulf continued to show a firmer tone despite limited reported activity, while the South Atlantic saw little change in fundamentals, with rates still hovering below the last done. By contrast, Asia maintained a firmer tone following Singapore's return from the holidays. Tightening tonnage supply in Southeast Asia and the North Pacific encouraged charterers to raise their bids. The Nord Singapore (42,904 2022) open Cebu, was fixed in the $20,000s for a West Australia salt trip to Japan, while a 38,000 open in Japan was heard to have failed for a West Coast Mexico trip at just below $18,000, although further details were not disclosed.
All the above is given in good faith but wog. E&OE.
Thanks and best regards.
ShipOffer Team