Freight Market - Dry

Capesize: The Capesize C5TC average improved by USD 2.0k/day closing the week at USD 35,892/ day. Trip from Continent to F.East is up by 3.9k/ day at USD 71,983/day, Transatlantic R/V is higher by 12.1k/day at USD 43,425/day, and Bolivar to Rotterdam is higher by 11.5k/day at USD 46,718/ day, while Transpacific R/V is reduced by 5k/day at USD 35,141/day.

Trip from Tubarao to Rotterdam is increased by 19.2k/day at USD 37,400/day, China -Brazil R/V is higher by 2.7k/day at USD 40,059/day, and trip from Saldanha Bay to Qinqdao is increased by 19.2k/day at USD 37,400/ day.

Kamsarmax/Panamax: The Kamsarmax P5TC Timecharter average started the week at USD 16,999/day closing with an increase at USD 18,030/day. Trip from Skaw -Gib to F. East is improved by 1.4k/day at USD 24,234/day, Pacific R/ Vis up by 0.9k/day at USD 20,506/day, while Transatlantic R/V is increased by 1.7k/day at USD 15,977/day, and Singapore R/V via Atlantic is increased by 0.7k/day at USD 17,087/day .

Ultramax/Supramax: The Ultramax S11TC average closed the week about USD 0.6k/day lower than its opening at USD 22,946/day. The Supramax S10TC average closed the week about 0.6k/day lower than its opening at USD 20,912/day. The Baltic Supramax Asia S3TC average closed the week about 0.6k/day lower than previous week at USD 23,042/day. N.China one Australian or Pacific R/V is declined by 0.6k/day at USD 24,013/day, USG to Skaw Passero is softer by 0.1k/day at USD 29,756/day. S.China trip via Indonesia to EC India is down by 0.5k/day at USD 27,207/day, trip from S.China via Indonesia to S.China pays USD 17,469/day, while Med/B.Sea to China/S.Korea is reduced by 0.9k/day at USD 24,793/day.

Handysize: The Handysize HS7TC average closed the week improved by 0.2k/day at USD 18,418/day. Skaw-Passero trip to Boston -Galveston pays 0.5k/ day more at USD 15,214/day, Brazil to Cont. pays 1.1k/day less at USD 28,794/day, S.E. Asia trip to Spore/Japan 0.1k/day is firmer at USD 17,975/day, China/S.Korea/Japan round trip is increased by 0.1k/day at USD 18,094/day, and trip from U.S. Gulf to Cont. is increased by 0.8k/day at USD 19,393/ day, while N.China-S.Korea-Japan trip to S.E.Asia is increased by 0.3k/day at USD 18,950/day.

Freight Market - Wet

VLCC: average T/CE ended the week down by 97.9k/day at USD 731,473/day. Middle East Gulf to China trip is down by 65.5k/day at USD 1,285,922/day. West Africa to China trip is down by 148k/day at USD 493,106/day and US Gulf to China trip is down by 80.3k/day at USD 415,390/ day.

Suezmax: average T/CE closed the week softer by 230.3k/day at USD 339,785/day. West Africa to Continent trip is down by 180.8k/day at USD 207,106/day, Black Sea to Mediterranean is down by 279.8k/day at USD 472,463/day, and Middle East Gulf to Med trip is reduced by 61.5k/day at USD 672,326/day, while trip from Guyana to ARA is reduced by 207.1k/day at USD 186,278/day.

Aframax: average T/CE closed the week lower by 127.6k/day at USD 175,504/day. North Sea to Continent trip is down by 238k/day at USD 219,773/day, Kuwait to Singapore is down by 15.3k/day at USD 385,505/day, while route from Caribbean to US Gulf trip is down by 128.1k/day at USD 89,559/day. Trip from S.East Asia to East Coast Australia is down by 25.3k/day at USD 174,820/day & Cross Med trip is down by 213.9k/ day at USD 92,619/day. US Gulf to UK -Continent is reduced by 128.9k/day at USD 83,176/day and the East Coast Mexico to US Gulf trip is down by USD 144.5k/day at USD 97,129/day.

Products: The LR2 route (TC1) Middle East to Japan is this week higher by 2.7k/day at USD 294,560/day. Trip from (TC15) Med to Far East has decreased by 26.1k/day at USD 73,546/day and (TC20) AG to UK Continent is down by 43.5k/day at USD 292,594/day. The LR1 route (TC5) from Middle East Gulf to Japan is up by 0.3k/day at USD 212,207/day, while the (TC8) Middle East Gulf to UK -Continent is down by 43.5k/day at USD 292,594/day. The MR Atlantic Basket is decreased by 9.3k/day at USD 72,782/day & the MR Pacific Basket earnings are improved by 9.7k/day at USD 85,542/day. The MR route from Rotterdam to New York (TC2) is firmer by 2.7k/day at USD 294,560/day, (TC6) Intermed (Algeria to Euro Med) earnings are firmer by 0.3k/day at USD 212,207/day, (TC14) US Gulf to Continent is up by 10.6k/day at USD 57,386/day, (TC18) US Gulf to Brazil earnings are higher by 2k/day at USD 114,811/day, (TC23) Amsterdam to Le Havre is higher by 3k/day at USD 81,782/day while Yeosu to Botany Bay (TC22) is softer by 24.3k/day at USD 76,071/day and ARA to West Africa (TC19) is down by 5.1k/day at USD 68,607/day .

Sale & Purchase

Dry S&P Activity:

On the Capesize sector, Greek buyers acquired the “Nightsky” - 183K/2019 Namura for USD 73 mills, while the Scrubber fitted “Pan Advance” - 179K/2009 Hyundai was sold for USD 35.4 mills to Lila Global. On the Supramax sector, the “Miao Zhou” - 59K/2013 Kawasaki found new owners for USD 23 mills, while ADNOC acquired the Supramax “SW Mistral I” 2011 Tess58 Zhoushan for USD 20 mills. On the same sector, the “Vinca” - 52K/2006 Tsuneishi Cebu was sold for USD 13 mills basis delivery mid January-February, while the “Yin He Hai Nan Dao” - 49K/2001 IHI changed hands for USD 7.94 mills via auction. Finally, the Handysize sector saw significant activity, with the “Fuga” - 38K/2012 Shimanami sold for USD 19 mills, the “Aurelia” - 37K/2012 Zhejiang Ouhua for low USD 14 mills and the “Efficiency OL” - 37K/2010 Saiki for USD 14.7 mills. On the same sector, Chinese buyers acquired the “OBE Dinares” - 33K/2008 Shin Kochi for USD 12.4 mills, while the “Coreocean OL” - 28K/2009 Imabari found new owners for USD 9.2 mills.

Sale & Purchase

Tanker S&P Activity:

On the VLCC sector, the “Rising Sun 1” - 297K/2005 Dalian was sold for USD 126 mills. Moving down the sizes, the Suezmax “Sponde” - 158K/2012 Samsung changed hands for USD 110 mills basis delivery in November. On the Aframax sector, GMS acquired the “Haima” - 105K/2009 Mitsui Tamano for USD 65 mills. The MR2 sector saw significant activity, with the “CS Singapore” - 50K/2027 Chengxi and the “CS Houston” - 50K/2027 Chengxi sold for USD 55-56 mills each. On the same sector, the “CS Fujairah” - 51K/2026 Chengxi and the “CS Rotterdam” - 51K/2026 Chengxi were sold enbloc for USD 110 mills, basis TC attached for 12-15 months at USD 23.8K/ 21.5K per day. Finally, on the small tanker sector, the StSt “Long Da 07” - 14K/2026 Ningshing was sold for USD 28.5 mills, while the “Jia Yue Ming Zhu” - 7K/2026 Zhejiang Hongsheng changed hands for USD 19.6 mills. The ice-class 1A “BG Agnes” - 17K/2008 Turkter found new owners for USD 12.53 mills.