TIMECHARTER
'Sea Lyra' 2025 82276 dwt dely Qingdao 17/18 Jun trip via Vancouver redel India intention potash $20,000 - Norden - <scrubber fitted>
'Yasa Ruby' 2023 82267 dwt dely CJK 20/25 Jun trip via EC Australia redel India intention coal $20,500 - cnr
'Shandong Xin Xiang' 2025 82000 dwt dely Newcastle 25/28 Jun trip redel South China intention coal $21,000+$195,000bb - Richland
'Sea Nova' 2017 81773 dwt dely Mauban 18/19 Jun trip via Indonesia redel Taiwan intention coal $19,000 - Ocean Base
'Western Egda' 2020 81601 dwt dely Taiwan 17/18 Jun trip via Indonesia redel India intention coal $19,000 - Aequor
'Nord Saturn' 2012 77288 dwt dely Navlakhi 15 Jun trip via EC South America redel Singapore-Japan intention grains $20,500 - Refined Success
'Belgrace' 2024 63718 dwt dely Rotterdam prompt trip redel East Mediterranean intention scrap $25,750 - Norden
'Seabee' 2015 62653 dwt dely Fazendinha prompt trip redel Aughinish intention bauxite $33,000 - LTE
'Newsun Unity' 2009 56725 dwt dely Chittagong 17/20 Jun trip via EC India redel China $11,000 - BBN
'John K' 2013 56578 dwt dely Kakinada prompt trip redel WC India $17,500 - Propel
'Reliable' 2017 38603 dwt dely Fazendinha prompt trip redel US Gulf $24,000 - cnr
'SF Darika' 2010 35283 dwt dely Recalada prompt trip redel WC South America $25,000 - Weco
'Revenger' 2009 35070 dwt dely Recalada prompt trip redel Fortaleza $18,500 - Clipper
PERIOD
'Velos Onyx' 2014 95444 dwt dely Tianjin 18/21 Jun 2 laden legs redel Singapore-Japan $23,250 - Triangle
'Ocean Scallion' 2013 82215 dwt dely Mizushima 23/25 Jun 11/13 months redel worldwide $17,800 - Reachy
VOYAGES
ORE
'TBN' 180000/10 Itaguai/Qingdao 20/22 Jul $31.00 fio 60000shinc/30000shinc - CSN - <17/6 fixture>
'TBN' 160000/10 Port Hedland/Qingdao 3/5 Jul $11.70 fio 80000shinc/30000shinc - BHP
COAL
'Pan Ocean TBN' 80000/10 Newcastle/Boryeong 7/16 Jul $16.98 fio 30000mtsatpmxshexuu/19000ltshinc - Kepco
All the above is given in good faith but wog. E&OE.
WRITEUP
CAPESIZE
Today's market delivered a modest recovery overall, with firmer sentiment in the Pacific offsetting continued weakness in the Atlantic. The BCI 182 5TC gained $569 to close at $35,731, supported by a stronger performance on the Pacific front despite softer conditions in the west. The C5 index rose by $0.785 to $11.515, while the C3 route slipped a further $0.373 to $31.377, highlighting the diverging fortunes of the two basins. In the Pacific, sentiment continued to improve, although trading volumes were lighter than those seen over the previous few sessions. Following last night's rally, owners entered the day with offers above $12.00, reflecting renewed confidence. Market rumours later suggested fixtures concluded at $11.75, although this remained unconfirmed by the close. The presence of two major C5 miners provided some underlying support and helped reinforce the firmer tone. Conversely, the Atlantic remained under pressure, with sentiment weakening further as limited fresh enquiry continued to weigh on rates. Bids were generally reported around the $30.00 mark, while rumours of fixtures at $30.50 circulated during the afternoon, although these too could not be confirmed.
PANAMAX
The Atlantic market showed mixed sentiment, largely driven by differences in tonnage arrival dates, according to market sources. Activity levels remained steady, with fixtures being reported. However, some brokers noted that cargoes with earlier arrival windows were fixing at higher rates than previous deals, as prompt tonnage availability was tighter, particularly in the North Continent and West Mediterranean. A similar trend was observed in the fronthaul market, where rate variations were also dependent on arrival timing. Despite these discrepancies, several participants described the overall Atlantic market as fairly steady. In contrast, the Pacific market is considerably weaker. There has been a notable buildup of available tonnage, while cargo volumes remain insufficient to absorb the excess capacity, resulting in downward pressure on rates. Market sources highlighted that bidding activity in the Pacific remains notably sparse, with owners increasingly lowering their rate expectations in an effort to secure employment as fixing pressure continues to intensify. Export volumes from Australia and the North Pacific are currently insufficient to provide any meaningful support or floor to the declining rate environment. Additionally, sources report a reduction in prompt cargo availability out of Indonesia, further compounding the imbalance between tonnage supply and cargo demand. The P5TC reflected this shift with a move down by $670 to $19,339.
Asia
Messrs Cambrian were said to have taken the Jing Jin Hai (77,872 2015) open Masinloc 25 June, and the Shen Hua 806 (75,285 2014) open in Mariveles 19/20 June, both for Pacific rounds at $18,500 and $18,250 respectively. The BBG Dream (81,364 2012) open in CJK 23/25 June was reported as fixing for a North China to Japan but no other details materialised. DAT were also said to have covered their requirement from Indonesia to South Korea for 1/10 July, but further information surfaced.
SUPRAMAX
The Atlantic market remained firm with all the routes in the 11TC showing positive returns again today. Sources said the Americas had become positional with a premium on the earlier dates, whilst the East Mediterranean continued to be well supported. Continent and West Mediterranean vessels were benefitting from the demand further West and several now ballasting and fixing at arrival with improved levels. The Asian market appeared to be much quieter, however rates still seem to be hovering around last done as they have all week, and period interest remains strong. The 11TC average was up $108 to close at $21,666.
Atlantic
The scrubber fitted Guardian (61,258 2015) was rumoured to have fixed delivery North Brazil for a trip redelivery Greece at $37,000 with Oldendorff (scrubber benefit for Charterers) and they were also linked with the Great Link (63,464 2016) which was ballasting from Otranto to fix delivery North Brazil for a trip East Mediterranean intention grains at $37,000, with an option redelivery Greece intention bauxite at $38,000. The Auguste Schulte (61,617 2014) SW Pass end June was placed on subjects for a trip to Aqaba intention petcoke with redelivery Port Said at $33,000, but early reports of Oldendorff as the Charterer were denied, and Safeen Invictus were linked to the Mercury Island (64,095 2024) open spot Douala for a trip via EC South America redelivery Egypt at $25,000, although some reported the rate to be as high at $27,000.
Asia
The Santa Ines (63,449 2019) Koh Sichang 19 June was heard to have fixed a trip via Indonesia to South East Asia intention sugar at $17,000 and the Xin Zheng Sea (64,128 2024) open CJK end June-early July was said to have fixed a trip to West Africa at $25,500, but on both vessels no charterer was mentioned. In the Indian Ocean Oldendorff were said to have placed the Safi Alfa (52,514 2006) on subjects for a quick Fujairah round voyage intention iron ore pellets at $23,000.
HANDYSIZE
The Handy market experienced another mixed day, with sentiment largely shaped by positional dynamics. In the Continent and Mediterranean, conditions were little changed and the market appeared balanced. Meanwhile, the US Gulf and South Atlantic maintained their upward momentum. Participants remained optimistic as rates strengthened further, supporting an overall positive outlook across both regions. In Asia, the market remained balanced following several strong fixtures reported yesterday, which kept sentiment firm. Reflecting these regional variations, the 7TC average rose by $186 to close at $16,688.
Atlantic
The Areti Force (38,592 2018), open Jorf Lasfar, was placed on subjects for a trip delivery Santos to the Lisbon–London range with sugar at $26,000 by Pacific Basin, although further details were not disclosed. In addition, another Handysize was heard fixed for a trip delivery West Africa to China at $18,500, but further details were lacking.
Asia
The African Nighthawk (40,481 2014), open Lanshan, was fixed for two laden legs in the $19,000s, although further details were not disclosed.
All the above is given in good faith but wog. E&OE.