TIMECHARTER
'Mastro Nikos' 2011 82177 dwt dely Krishnapatnam 7 Jul trip via EC South America redel Singapore-Japan $21,250 - cnr
'Richland Beijing' 2022 82022 dwt dely passing Sunda Strait 8 Jul trip via EC South America redelivery Singapore-Japan $23,000 - Bunge
'Lestari Kuala Lumpur' 2026 82000 dwt dely Busan 8/9 Jul trip via NoPac redel China intention grains $18,500 - Norden
'Duchess Rosario' 2020 81999 dwt dely Bahudopi 10 Jul trip via Koolan Island redel China intention iron ore $23,000 - Intermare - <scrubber for Owners>
'JR Summer' 2003 81800 dwt dely Hong Kong 8/9 Jul trip via Indonesia redel South Korea $13,600 - DAT
'BBG Tieshan' 2020 81557 dwt dely Hong Kong 11/15 Jul trip via Australia redel Singapore-Japan $18,250 - Multimax
'Nondas' 2013 81497 dwt dely retro Krishnapatnam 6 Jul trip via EC South America redel Singapore-Japan $18,300 - Cargill
'Aster Ocean' 2004 75798 dwt dely Wenzhou 14/18 Jul trip via Russian Far East redel Singapore-Japan intention coal $18,000 - cnr
'Shi Dai 10' 2012 75414 dwt dely Haimen 9 Jul trip via Indonesia redel Philippines intention coal $15,000 - Cargill
'Huan Hang 99' 2018 75390 dwt dely Hong Kong 13 Jul trip via Indonesia redel South China $14,750 - cnr
'Shen Hua 805' 2014 75347 dwt dely Xiamen 9 Jul trip via Indonesia redel Philippines intention coal $13,500 - Norden
'Vita Olympic' 2016 61296 dwt dely Panjang 10 Jul trip via Indonesia redel China intention coal $18,500 - cnr
'Elim Courage' 2009 58163 dwt dely EC India spot trip redel Mediterranean $17,500 - cnr
'De Xin Sheng Xiang' 2011 57045 dwt dely Cigading prompt trip via Indonesia redel China intention coal $17,000 - cnr
'Ocean Flora' 2019 37609 dwt dely Penang prompt trip via Bangladesh redel Singapore $17,250 - cnr
VOYAGES
ORE
'TBN' 190000/10 Port Hedland/Qingdao 23/25 Jul $13.20 fio 80000shinc/30000shinc - BHP
'TBN' 170000/10 Dampier/Qingdao 23/25 Jul $12.80 fio 90000shinc/30000shinc - Rio Tinto
'Proteus' 2023 170000/10 Tubarao/Qingdao 24/30 Jul $32.50 fio 3 days shinc/30000shinc - Classic
'Alba' 2012 170000/10 Tubarao/Qingdao 25/30 Jul $32.50 fio 3 days shinc/30000shinc - Cosco
'TBN' 160000/10 Port Hedland/Qingdao 23/25 Jul $13.00 fio 80000shinc/30000shinc - BHP
COAL
'TBN' 75000/10 coal Norfolk/Paradip 25 Jul/3 Aug $47.00 fio 25000shinc/15000shinc - Avani
'TBN' 75000/10 coal Nacala/Gangavaram 5/14 Aug $17.70 fio 33000shinc/40000shinc - NSL
'TBN' 75000/10 coal NQXT-APCT-DBCT- Gladstone / EC India 10/19 Aug $19.65 fio 40000shinc/40000shinc - SAIL
GRAIN
'TBN' 60000/10 grains Santos/Gdynia 14/21 Aug $30.90 fio 8000sshex/15000sshex - LDC
WRITEUP
CAPESIZE
The market paused for breath today after a strong run, with sentiment easing across both basins while activity remained healthy. The BCI 182 5TC index slipped by $310 to close at $40,633. The C5 index declined by $0.380 to $12.970, while the C3 index softened by $0.396 to $31.910. In the Pacific, sentiment turned marginally softer as the market adjusted following the recent rally. Offers were reportedly around $13.60 at the start of the day, but pressure gradually built after one miner fixed multiple times at $13.00, followed by a second miner fixing at $12.80. Despite the softer pricing, it was another active session in terms of concluded business, with two C5 miners in the market providing a steady flow of cargoes. The Atlantic also lost some momentum, although conditions remained mixed. On C3, a slight premium was reportedly paid for end-July dates, but overall sentiment softened as bids for index dates settled around the mid $31s and offers slipped below the $32.00 mark. By contrast, the North Atlantic continued to perform well, with stronger transatlantic activity lifting the C8 index by $2,494 to $45,694. Meanwhile, renewed tensions in the Gulf following U.S. strikes on Iranian targets kept geopolitical risk firmly on the radar, with Brent crude edging higher.
PANAMAX
Another positive day on all routes as we pass the midpoint of the week. In the North Atlantic the fronthaul market was pushing, especially for shorter mineral trips, whereas brokers suggested bids were more scarce for trans Atlantic trades. In the South Atlantic little changed from yesterday with 1-10 August dates still active, whilst there was very little interest from Charterers to look further forward at present levels. Voyage rates nudged upwards reflecting the increased bunker prices. In Asia the story was also similar to preceding days with early tonnage happy to ballast towards EC South America and continued interest from Australia and NoPac for rounds holding up the market. The Metis Challenger (81,601 2020) Busan 8 July was placed on subjects by Tongli for a trip via EC Australia to China at either $18,000 or $18,500, but the exact rate wasn't determined, and Salzgitter were said to have covered on subjects an 80,000/10 coal stem from Roberts Bank to Hansaport for 15-25 August dates, but the rate did not materialise. The Guang Xin (76,377 2017) Huilai 11-13 July was also rumoured to be on subjects for a trip via EC Australia back to China and WBC apparently covered their grains stem from Melbourne to China 29 July onwards. The 5TC average was up $140 today to $20,209.
SUPRAMAX
It seemed as though little had changed so far this week, although there does appear to be pockets of activity in the Atlantic with some reporting stronger rates on trips into the US Gulf and for EC South America rounds, however there was little reported evidence. The Tymfi (63,629 2021) Houston 21 July was reportedly on subjects delivery SW Pass for a trip to India intention petcoke at $38,500 to WBC. There was a little more reported in Asia where the market continues to trend sideways with the strangely named D10S (64,640 2021) open Shidao 13-14 July on subjects with Oldendorff for a NoPac round voyage at $19,250, although some suggested the rate was below $19,000 but the vessel is very well described. A Supramax open North China fixed a trip South East Asia at $16,000, but the vessel name was elusive, and the Sheng Tai (56,953 2008) fixed Obi Island 14-15 July redelivery China at something in the mid-high $15,000's. The Zhe Hai 525 (57,283 2011) prompt in Bahodopi fixed a trip via the Philippines redelivery China intention nickel ore in the low $18,000's with Joint Fortune and the Amis Brave (61,467 2013) Chittagong 10-13 July went on subjects for coastal business redelivery EC India at close to $26,000.
HANDYSIZE
Continuing on from the previous day the market saw another subdued session with limited activity reported. The BHSI fell by 6 points to 923, while the 7TC average dropped by $104 to $16,620. In the Continent and Mediterranean market conditions remained flat with little visible activity. In both the South Atlantic and the US Gulf sources reported continued easing in bid and offer levels, as Charterers and Owners gradually adjusted their expectations lower. Similarly, sentiment in Asia also remained on the softer side. The Mother M (37,737 2012) open Cape Town 10–11 July was fixed for a trip via South Africa redelivery Continent at $13,000, although further details were not disclosed.