TIMECHARTER
'Safesea Laxmi' 2006 82295 dwt dely Kandla 10 Sep trip via South Africa redel India about $19,000 - PWSL - rptd
'Lestari Kuala Lumpur' 2026 82000 dwt dely Maoming 8 Sep trip via EC South America redel Singapore-Japan $24,500 - Raffles
'ITG Uming 3' 2020 81994 dwt dely Maizuru 3/4 Sep trip via NoPac redel Singapore-Japan $23,750 - Venture Shipping
'SSI Surprise' 2013 81631 dwt dely New Mangalore 30 Aug trip via South Africa redel India intention coal $26,500 - Oldendorff
'Sunrise I' 2010 80370 dwt dely Paradip 1 Sep trip via EC South America redel SE Asia $20,750 opt Far East $21,500 - cnr
'Mariner K' 2011 80333 dwt dely Quanzhou 6/10 Sep trip via EC Australia redel China $19,250 - cnr
'Chola Symphony' 2012 78087 dwt dely Ennore 14/18 Sep trip via RBCT redel India intention coal $22,750 - Oldendorff
'Silvergate' 2014 77239 dwt dely Haldia 3/4 Sep trip via EC South America redel Singapore-Japan $22,500 - Raffles
'Ionian Sunshine' 2010 76441 dwt dely Hazira trip via RBCT redel India $27,000 - PWSL
'Guo Dian 11' 2013 76414 dwt dely Yangjiang 3 Sep trip via Indonesia redel Singapore-Japan $16,500 - cnr
'SM Donghae' 2001 76058 dwt dely Putian 9 Sep trip via Indonesia redel Singapore-Japan $17,500 - cnr
'Golden Lily' 2002 73193 dwt dely Zhangzhou 10 Sep trip via Indonesia redel South China intention coal $16,000 - cnr
'Bahri Munira' 2020 64499 dwt dely Port Qasim prompt trip via Salalah redel WC India $20,000 - cnr
'MSXT Artemis' 2019 63878 dwt dely Abidjan prompt trip via Santos redel China intention agriprods $26,000 - Reachy
'Ocean Azalea' 2015 63083 dwt dely Santos 22 Sep trip redel Ciwandan intention grains $19,500 plus $950,000 ballast bonus - Cargill
'Alasia' 2014 61311 dwt dely Kandla prompt trip redel Bangladesh $17,500 - cnr
'Pan Spirit' 2011 56891 dwt dely Kandla prompt trip via WC India redel China $11,000 - cnr
'Saltwind Explorer' 2011 55648 dwt dely Kandla prompt trip redel Bangladesh $14,500 - cnr
'Golden Grand' 2009 53628 dwt dely Salalah prompt trip redel WC India $20,000 - Propel - <Add premium/crew bonus $50,000 lumpsum, bunkers on redelivery as on board>
'Federal Prestige' 2023 42701 dwt dely Acajutla mid Sept trip via NoPac redel Singapore - Japan $17,000 - Fednav
'Fuji Harmony' 2022 39989 dwt dely SW Pass prompt trip redel EC Mexico intention grains $13,750 - Pacnav
'Sea Horse' 2011 32525 dwt dely Norfolk prompt trip redel Continent intention coal $14,000 - Lauritzen
PERIOD
'XH Hope' 2022 84998 dwt dely Qinzhou 13 Sep 10/12 months redel worldwide $23,000 - Cargil
'Ocean Camelia' 2012 81882 dwt dely Zhoushan 10/15 Sep 6/8 months redel worldwide $18,750 - BG Shipping
VOYAGES
ORE
'TBN' 170000/10 Tubarao/Qingdao 10/17 Oct $41.00 fio 3 days shinc/30000shinc - cnr
'TBN' 170000/10 Dampier/Qingdao 19/21 Sep $17.90 fio 90000shinc/30000shinc - Rio Tinto
'ESL Seal' 2011 160000/10 Port Hedland/Qingdao 17/19 Sep $18.00 fio 80000shinc/30000shinc - BHP
'Seattle' 2011 160000/10 Port Hedland/Qingdao 19/21 Sep $17.95 fio 80000shinc/30000shinc - BHP
'Anglo TBN' 160000/10 Port Hedland/Qingdao 17/18 Sep $17.90 fio 80000shinc/30000shinc - FMG
COAL
'Pan Ocean TBN' 80000/10 Bunati/Boryeong 18/27 Sep $12.82 fio 15000mtsatpmshexuu/19000ltshinc - KEPCO
'TBN' 75000/10 Nacala/Vizag 27 Sep/6 Oct $23.00 fio 33000sashexuu/20000sashex - SAIL
'TBN' 75000/10 HPCT/Vizag 4/13 Sep $22.90 fio 40000shinc/20000sashex - SAIL
GRAIN
'Golden Wave' 2011 68000/5 Mississippi River/North China 20/30 Sep $76.00 fio 10000shex/8000shex - Cofco
WRITEUP
CAPESIZE
The market continued its upward trajectory today, with another strong move higher in both basins. The BCI 182 5TC jumped $3,632 to $54,801, while the C5 increased $1.475 to $17.980 and C3 gained 0.532 to $40.805. The Pacific was firm and busy, with all three major C5 miners active in the market. Following yesterday's talk of $17.00 being fixed, operators were said to be bidding around $17.00 from the outset, while owners remained bullish with offers above $18.00. As the day progressed, reports emerged of one miner paying in the very high $17s, followed by another reportedly fixing at least four vessels between $17.90 and $18.00. A third miner was also reported to have been fixing around the $17.90 level multiple times. In the Atlantic, sentiment remained firm, with North Atlantic fronthaul demand well supported and tonnage looking increasingly tight. After several fixtures at around $40.00 from South Brazil and West Africa to China yesterday, the C3 market was slower to get going initially. However, reports of $41.00 for mid-October quickly set the tone, with bids improving to around $40.80 against offers closer to $42.00.
PANAMAX
The trans-Atlantic market presented mixed sentiment today, with opinions divided regarding its near-term direction. Brokers reported that, while trading activity has remained relatively busy over the past few days, cargo volumes have not been sufficiently replenished, creating an increasing imbalance in underlying market fundamentals. Market participants have once again highlighted the preference among many Owners, particularly those with vessels opening in the North Continent and West Mediterranean, to keep their tonnage trading within the Atlantic basin rather than seeking opportunities elsewhere, which has the potential to add further pressure to P1A levels. The Eastern Heather (82,270 2022) open Safi 8 September was said to have been placed on subjects for a US Gulf grains fronthaul trip with ADM. The Tiger East (76,212 2013) open South China 6 September was said to have fixed basis passing Singapore for an EC South America round trip at $20,100 to Bunge. The Pacific market was reported to be active once again today, with multiple fresh fixtures emerging at levels surpassing previous fixtures. Demand for Australian and Indonesian coal cargoes remains robust, while prompt tonnage is said to be attracting significant interest, resulting in increasingly firm sentiment across the basin. The P5TC increased by $248 today to close at $22,113.
SUPRAMAX
The market appeared to be flat everywhere except North America, which again saw healthy increases in the Index, but very few reported trades so far. The 11TC average gained another $141 to close at $21,090. The Continent remained steady with sufficient scrap demand, but the Mediterranean continued to disappoint with limited fresh enquiry without a vessel as backstop. The South Atlantic was said to be positional with larger units still benefitting from the recent rise in the Panamax rates and South African activity has seen rates tick up slightly. In the Pacific sentiment was positive in the North driven by backhauls and longer rounds via NoPac and Australia, whilst Indonesia appeared quieter with rates seemingly easing a little. There was talk of a 58,000-dwt open Nagoya fixed for 7 to 9 months at $18,000, but nothing more emerged, the Usanee Naree (66,337 2021) Bedi 7-8 September was said to be on subjects to Classic for a trip via EC South America to the Far East at $24,000 and an Ultra was rumoured fixed South Africa to China at around $26,000 plus $260,000 ballast bonus, but no further details surfaced.
HANDYSIZE
The market recorded an active trading day, with gains varying across the regions. The BHSI increased by 6 points to 893, while the 7TC average rose by $108 to close at $16,082. In the Continent and Mediterranean rates appeared to be firming gradually, while activity in both the US Gulf and South Atlantic remained healthy, supported by a balanced supply of tonnage and cargo across the key loading regions. In the Pacific activity also gained momentum, with several fixtures reported above previous levels. The period market was active as well, with an update on the Frida Bulker (40,161 2023) open Zhoushan fixed for one year at $17,500 by Damico, while the Chang Yang Jin Hua (34,961 2011) open ex dry dock Zhoushan 10–15 September was placed on subjects for one year at $13,400.
Atlantic
The Olivia (34,947 2000) open Adriatic 3 September was heard failed for a trip delivery Iskenderun to North Spain at $14,000, while the Lady Meral (32,131 2005) was reported fixed on voyage basis from Iskenderun to North Spain/ARAG, although further details were not disclosed. In addition, the Nisa Naree (39,000 2015) was fixed from SW Pass to Santo Tomas with grains at around $12,500 by Cetus, while the Sopot (39,035 2019) heard fixed from SW Pass to Continent with grains at around $16,000 to $16,750 by Bunge, but lacking further details. In addition, an eco 28,000-dwt vessel was reported fixed from Recalada to Spain–Portugal with grains at $19,000, although further details were lacking.
Asia
The Maple Glory (40,487 2025) open CJK 26 August was fixed for a backhaul trip to Antwerp, although no further details were confirmed. A 38,000-dwt vessel open CJK 11–15 September was fixed for redelivery Southeast Asia at $18,000, with further details lacking. In addition, a 34,000-dwt vessel open Vietnam 8 September was fixed to Korea at $13,350, although no further details were confirmed.