In the last 7 days overall Baltic / FBX container shipping rates have held steady with a small 0.6% increase in the headline rate.

Clean

LR2

MEG LR2 freight resurged this week as the vessel size gained strength in the region.The TC1 75kt MEG/Japan index added 17 points up to WS121 with the corresponding TCE returns climbing to $26,300/day basis Baltic Description.

 Capesize

The Capesize market lost some of its earlier momentum this week, ending on a softer note. Early positivity in the Pacific, driven by steady miner demand, increased operator activity, and weather-related port delays in China, gave way to a quieter close as offers on C5 slipped from the mid to high $10.00s into the upper $9.00s, with limited fixtures concluded.

The Grande Shanghai, one of the Grimaldi Group’s next-generation pure car and truck carriers (PCTC), has successfully completed her maiden voyage as part of the recently launched East Asia–East Africa service.

ADS Maritime Holding Plc (“ADSMH” or “the Company”) has agreed to acquire the kamsarmax bulk carrier M/V Fjeld Saga tbr 82,900 dwt, built 2013, at market terms. Completion is subject to customary conditions, including charterer’s consent to transfer of the vessel’s present charter.

MSC is pleased to announce the launch of a new standalone service, Cheetah, connecting Asia to Mozambique.