BFA CAPESIZE
PERIOD VALUE CHANGE
Apr 25 16,333 $/day -375
May 25 18,421 $/day -408
Jun 25 19,771 $/day -167
Jul 25 19,304 $/day -4
Aug 25 19,542 $/day 17
Sep 25 19,950 $/day -38
Q2 25 18,175 $/day -317
Q3 25 19,599 $/day -8
Q4 25 20,617 $/day -62
Q1 26 12,121 $/day -54
Q2 26 17,558 $/day -125
Q3 26 21,275 $/day -88
Q4 26 21,842 $/day -71
Cal 26 18,199 $/day -85
Cal 27 19,213 $/day -25
Cal 28 18,950 $/day -33
Cal 29 18,729 $/day -21
Cal 30 18,600 $/day -25
Cal 31 18,621 $/day -50
BFA PANAMAX 82
PERIOD VALUE CHANGE
Apr 25 11,811 $/day -38
May 25 12,082 $/day -104
Jun 25 12,082 $/day 50
Jul 25 11,865 $/day 0
Aug 25 11,857 $/day 38
Sep 25 11,924 $/day 34
Q2 25 11,992 $/day -30
Q3 25 11,882 $/day 24
Q4 25 11,394 $/day 16
Q1 26 10,128 $/day -12
Q2 26 11,886 $/day -13
Q3 26 11,786 $/day 42
Q4 26 11,503 $/day 25
Cal 26 11,326 $/day 11
Cal 27 11,590 $/day 0
Cal 28 11,865 $/day 0
Cal 29 12,474 $/day -4
Cal 30 12,794 $/day 0
Cal 31 12,999 $/day -8
BFA SUPRAMAX
PERIOD VALUE CHANGE
Apr 25 10,333 $/day 16
May 25 10,821 $/day 113
Jun 25 10,725 $/day 33
Jul 25 10,579 $/day 41
Aug 25 10,575 $/day 50
Sep 25 10,525 $/day 50
Q2 25 10,626 $/day 54
Q3 25 10,560 $/day 47
Q4 25 10,125 $/day 21
Q1 26 8,800 $/day -25
Q2 26 10,496 $/day 8
Q3 26 10,854 $/day -9
Q4 26 10,429 $/day -9
Cal 26 10,145 $/day -8
Cal 27 10,400 $/day -13
Cal 28 10,629 $/day -13
Cal 29 11,233 $/day -5
Cal 30 11,783 $/day 0
Cal 31 11,858 $/day 0
BFA HANDYSIZE
PERIOD VALUE CHANGE
Apr 25 10,513 $/day 38
May 25 10,500 $/day 125
Jun 25 10,438 $/day 75
Jul 25 10,525 $/day 112
Aug 25 10,413 $/day 75
Sep 25 10,450 $/day 37
Q2 25 10,484 $/day 80
Q3 25 10,463 $/day 75
Q4 25 10,075 $/day 37
Q1 26 8,788 $/day -12
Q2 26 9,963 $/day -12
Q3 26 10,550 $/day 0
Q4 26 10,388 $/day 0
Cal 26 9,922 $/day -6
Cal 27 10,300 $/day 0
Cal 28 10,525 $/day -6
Cal 29 11,275 $/day 0
Cal 30 11,450 $/day 0
Cal 31 11,431 $/day 0
BALTIC INDICES 15/04/2025
DRY INDEX: 1263 (- 19)
CAPESIZE INDEX: 1753 (- 74)
| PANAMAX | INDEX: | 1208 (+ | 18) | |
| SUPRAMAX | INDEX: | 937 (+ | 1) | |
| HANDYSIZE | INDEX: | 576 (- | 1) | |
| BCI | TC AVG $/DAY | 14535 (- 613) | ||
| BPI82 TC AVG $/DAY | 10873 (+ | 161) | ||
| BSI TC AVG $/DAY | 11839 (+ | 3) | ||
| BHSI TC AVG $/DAY | 10365 (- | 24) | ||
| TIMECHARTER | ||||
‘Nan May’ 2016 85005 dwt dely Nagoya 15 Apr trip via EC Australia redel Japan $13,200 – Bunge
‘En May’ 2017 85001 dwt dely Longkou 16/19 Apr trip via EC Australia redel India $13,150 – PCL – <recent>
‘Darya Ruchi’ 2022 82557 dwt dely Chiwan 18/19 Apr trip via EC Australia redel India $13,500 – Mercuria
‘Rebekah’ 2012 82250 dwt dely retro Rizhao 13 Apr trip via NoPac redel S Korea $11,000 – Norden
‘Apollon’ 2018 82083 dwt dely Gangavaram 4 Apr trip via EC South America redel Singapore-Japan $13,000 – Trafigura
‘Navios Magellan II’ 2020 82037 dwt dely Gijon 17/18 Apr trip via NC South America redel Singapore-Japan
$17,000 – Refined Success
‘BH Assemble’ 2015 81841 dwt dely Zhoushan 15 Apr trip via Australia redel S Korea $11,750 – Panocean –
<Scrubber fitted>
‘Crystal Admirer’ 2020 81794 dwt dely Qingdao 15/17 Apr trip via NoPac redel Arabian Gulf intention grains
$12,000 – Classic Maritime
‘Amazon’ 2019 81017 dwt dely Bayuquan 14 Apr trip via NoPac redel Singapore-Japan $10,500 – TMM
‘Green K-Max 1’ 2019 80856 dwt dely Paradip 15 Apr trip via EC South America redel Singapore-Japan
$12,250 – ADMI
‘Aquavita Trust’ 2019 62625 dwt dely Dandong 15/16 Apr trip redel Arabian Gulf intention slag $12,500 – cnr
‘Blue Akihabara’ 2014 61630 dwt dely Richards Bay 20/25 Apr trip redel Pakistan $14,000 + $140,000bb – cnr
‘Jiu Xu 56’ 2011 56756 dwt dely Umm Qasr prompt trip via Arabian Gulf redel Bangladesh $11,000 – cnr
‘Manta Melek’ 2011 33622 dwt dely SW Pass 21/30 Apr trip trip redel East Mediterranean $10,750 – Drydel
PERIOD
‘Lemessos Napa’ 2017 77998 dwt dely Yokkaichi 18/23 Apr 4/7 months redel worldwide $13,800 – ADMI
– <Scrubber benefit to Owners>
‘Ismene’ 2013 77901 dwt dely Dongjiakou 24 Apr 12/14 months redel worldwide $11,000 – China Resource Chartering
VOYAGES ORE
‘TBN’ 170000/10 Tubarao/Qingdao 8/12 May $19.20 fio 3 days shinc/30000shinc – Vale
‘TBN’ 170000/10 Dampier/Qingdao 1/3 May $7.60 fio 90000shinc/30000shinc – Rio Tinto
‘TBN’ 170000/10 Tubarao/Qingdao 8/12 May $18.65 fio 3 days shinc/30000shinc – Oldendorff
‘TBN’ 160000/10 Port Hedland/Qingdao 1/3 May $7.50 fio 80000shinc/30000shinc – BHP
‘Koulitsa 2’ 2013 75000/10 Ponta Ubu/Ghent 24 Apr/3 May $12.75 fio 30000shinc/30000shinc – Arcelor Mittal
COAL
‘TBN’ 130000/10 Newcastle/Mailiao 5/14 May $10.00 fio 40000shinc/25000shinc – Oldendorff
‘Pan Ocean TBN’ 72000-75000 Taboneo/Taean 24 Apr/3 May $7.06 fio 12000satpmshex/22000lt shinc – Kepco tender
Baltic Exchange Index – 15 APRIL 2025 Baltic Exchange Handysize Index 576 (- 1)
Route Description Value ($) Change
====== ========================================
HS1_38 Skaw-Passero trip Recalada – Rio de Janeiro 6,757 – 14
HS2_38 Skaw-Passero trip Boston – Galveston 9,457 + 11
HS3_38 Rio de Janeiro-Recalada trip Skaw – Passero 14,083 + 83
HS4_38 USGulf trip via USG or NCSA to Skaw- Passero 10,779 – 7
HS5_38 SE Asia trip to Spore – Japan 10,313 – 75 HS6_38 N.China-S.Kor-Jpn trip to N.China-S.Kor-
Jp 10,675 – 56
HS7_38 N.China-S.Kor-Jpn trip to SE Asia 10,331 – 63
====== ========================================
7TC Weighted Timecharter Average 10,365 – 24
Baltic Exchange Supramax Index – 15 APRIL 2025
Baltic Exchange Supramax Index 937 (+ 1)
Route Description Value ($) Change
| ====== S1B_63 | ======================================= Cnkle trip via Med or Blsea to China- |
| S.Korea | 11,821 – 146 |
| S1C_63 | US Gulf trip to China-South |
| Japan | 15,204 – 17 |
| BS2_63 | North China one Australian or Pacific |
| RV 11,144 – 94 | ||||
| BS3_63 North China trip to West Africa | 11,375 + | 75 | ||
| S4A_63 US Gulf trip to Skaw-Passero | 14,682 – | 39 | ||
| S4B_63 | Skaw-Passero trip to US Gulf | 9,386 | – | 10 |
| BS5_63 | West Africa trip via ECSA to North | |||
China 13,536 – 14
BS8_63 South China trip via Indo to EC.India 13,993 + 136
BS9_63 W.Africa trip via ECSA to Skaw- Passero 10,454 + 33
S10_63 S.China trip via Indonesia to South China 10,975 + 66
S15_63 Indian Ocean trip via S.Africa to Far East 11,129 – 34
====== =============================
S11TC Weighted Timecharter Average 11,839 + 3
S10TC Supramax(58) Timecharter Average 9,805 + 3
Baltic Exchange Supramax Asia Index – 16 April 2025
Route Description Value($) Change
======
=============================== ======= ===
| S2_63 N.China one Austr or Pac RV | 11,175 | +31 |
| S8_63 S.China via Indonesia/Ec India | 14,293 | +300 |
| S10_63 S.China via Indo/S.China | 11,250 | +275 |
| ====== |
=============================== ======= ====
S3TC Weighted Time Charter Average 12,101 +180
Baltic Exchange Panamax 82500mt Index 15 APRIL 2025 Baltic Exchange Panamax Index 1208 (+ 18)
Route Description Value ($) Change
======
================================= ======== ==== P1A_82 Skaw-Gib T/A RV 8,191 + 182
P2A_82 Skaw-Gib trip HK-SKorea incl Taiwan 15,950 + 187
| P3A_82 HK-SKorea incl Taiwan, Pacific/RV | 11,569 + | 50 | |
| P4_82 HK-SKorea incl Taiwan to Skaw-Gib | 8,779 + | 83 | |
| P6_82 Dely Spore Atlantic RV | 11,532 + 251 | ||
| ====== | |||
================================= ======= ====
Weighted Timecharter Average 10,873 + 161
The following routes do not contribute to the BPI or Weighted TC Average.
Route Description Value ($) Change
================================== ======== == P5_82 S. China Indo RV 10,672 – 278
P7 66000mt Mississippi Rvr to Qingdao 44,579 + 0.236 P8 66000mt Santos to Qingdao 33.050 + 0.233
Baltic Exchange Index – 15 APRIL 2025 Baltic Exchange Capesize Index 1753 (- 74)
Route Description Value($) Change
| ========================================= | === | ||
| C2 | 160000mt Tubarao to Rotterdam | 8.614 – 0.136 | |
| C3 | 160-170000mt Tubarao to Qingdao | 18.735 – 0.575 | |
| C5 | 160-170000mt W Australia to Qingdao | 7.560 – 0.230 | |
| C7 | 150-160000mt Bolivar to Rotterdam | 9.786 – 0.050 | |
C8_14 180000mt Gibraltar-Hamburg T/A RV 12,429 – 142 C9_14 180000mt Conti/Med Trip China/Japan 35,063 – 182 C10_14 180000mt China/Japan T/P RV 13,895 – 982
| C14 | 180000mt China-Brazil RV | 14,520 – 1090 | |
| C16 | 180000mt N.China to Skaw-Passero | -475 – | 206 |
| C17 | 170000mt Saldanha Bay to Qingdao | 14.250 – | 0.639 |
========================================== ====
5TC Weighted Timecharter Average 14,535 – 613
Baltic Exchange Index – 15 APRIL 2025 Baltic Exchange Capesize 182 Index
Route Description Value Change
===============================================
C8_182 182000mt Gib/Hamburg T/Atl RV 15,536 – 285 C9_182 182000mt Cont-Med trip China-Japan 39,138 – 187 C10_182 182000mt China-Japan T/Pacific RV 17,241 – 786 C14_182 182000mt China-Brazil round voyage 18,300 – 945 C16_182 182000mt Backhaul 3,213 – 187
================================================
C5TC 182 Weighted Timecharter Average 18,234 – 600
Baltic Exchange Panamax 82 Asia Index – 15 April 2025
Route Description Size (MT) Value($) Change
===== ====================== ========
P5_82 S.China one Indo RV 10,672 -278
Baltic Exchange Panamax 82 Asia Index – 16 April 2025
Route Description Size (MT) Value($) Change
===== ====================== ========
P5_82 S.China one Indo RV 10,494 -178
(c) Baltic Exchange Information Services Ltd 2025
++
China’s economy grows 5.4% in first quarter
China’s economy expanded 5.4 per cent in the first quarter of this year as producers frontloaded exports to beat higher tariffs imposed by Donald Trump. The official GDP figures were China’s first since the US president unleashed his trade war.
- Wall Street made a mistake: its titans of finance and business didn’t believe that Donald Trump would really upend US economic policy.
- During the campaign and transition, they were thrilled about the big tax cuts and lax antitrust enforcement Trump could bring. The price? Some tariffs. But they misread just how far the President would go.
- He doesn’t care about rattling Wall Street the way he did during his first term. His escalating trade war has planted seeds of distrust and raised fears that financial modelling can’t predict what’s coming, more than a dozen investors and executives told the FT’s Antoine Gara, Amelia Pollard, James Fontanella-Khan and Eric Platt.
- Investors and executives are now dealing with destabilised financial markets as the spectre of both higher inflation and a recession loom.
- Nvidia’s shares sank postmarket after the US barred it from selling its H20 chips to China, a move the company said will cost it $5.5 billion. The announcement led to
a broad selloff in chip firms from the US to
Japan. Advanced Micro Devices, which competes with Nvidia in the AI market, also slumped.
- Donald Trump launched a probe into the need for tariffs on critical minerals. The WSJ reported he plans to use
trade negotiations to pressure partners to limit their dealings with China. The President earlier called on Beijing to reach out to him to calm the trade war. What’s at stake as tensions between the US and China heat up.
- Nvidia’s shares sank post-market after the US barred it from selling its H20 chips to China, a move the company said will cost it $5.5 billion. The announcement led to
a broad selloff in chip firms from the US to
Japan. Advanced Micro Devices, which competes with Nvidia in the AI market, also slumped.
- Donald Trump launched a probe into the need for tariffs on critical minerals. The WSJ reported he plans to use trade negotiations to pressure partners to limit their dealings with China. The president earlier called on Beijing to reach out to him to calm the trade war. What’s at stake as tensions between the US and China heat up.
- The US refused to endorse a statement from the G-7 condemning a Russian strike in Northern Ukraine that killed dozens, including children, saying it wanted to “preserve the space” for negotiations. Canada, which holds the G-7 Presidency, told allies it would be impossible to proceed on the joint document without the US.
- Statehood Spat | Emmanuel Macron and Benjamin Netanyahu sparred in a call over the French President’s plan to recognize Palestinian statehood. The Israeli Prime Minister expressed his “fierce opposition,” warning that a Palestinian state would constitute a “huge prize for terrorism.”
- Döhles increase their shareholding in Ernst Russ The Döhle family has increased their stake in Ernst Russ, a leading German non-operating containership owner. Financial filings tracked show the family has increased its stake in the company from 54% to 75.3% stake
Japanese and Korean yards with investments in China on edge
- With Donald Trump widely tipped to pass judgement on extra fees for Chinese-linked tonnage calling at US ports in the next couple of days, another wrinkle has emerged that has not been widely discussed in Washington to date.
- Trump’s tariff war against China late last week backtracked as his administration took on advice from the tech sector, who pointed out that global supply chains for the manufacturing of much tech, such as smartphones, inevitably involves some Chinese produced items. Consequently, Trump exempted smartphones, computers and some other electronic devices from reciprocal tariffs last weekend.
- Similarly, the Trump administration might have to make concessions when it passes judgement on Chinese tonnage calling at US ports, as many Japanese and Korean yards sub-contract much of their construction to China these days.
The carriers most exposed by Trump’s trade war with China
- Data created by Linerlytica highlights the Container-lines most exposed on the transpacific by the ongoing trade war initiated by Donald Trump, the American president, against China, that has effectively brought most business between the two largest economies in the world to a halt.
Hede, Matson, SeaLead, TS Lines, and COSCO are most at risk from the immediate fallout, according to research by Linerlytica, who suggest between 30% and 40% of transpacific container imports are still effectively halted by the tariffs.
- “The US-China standoff continues to keep container market sentiment poor with US tariff concessions far from sufficient to restore Transpacific volumes with cargo bookings in the next 3 weeks reported to be down by 30- 60% in China and by 10-20% in the rest of Asia”.
- Upcoming Labour Day holidays are likely to further dampen cargo demand in May, possibly forcing carriers to cancel additional sailings over the coming weeks in order to stop further freight rate erosion.
- Clarksons Research data suggests that 6% of global container trade in teu is accounted for by US imports from China – the world’s two superpowers – which will now be charged at elevated tariff levels of at least 145%. A further 8% is at the 10% baseline level.
- “For the smaller niche carriers, the trade war is particularly destructive,” analysts at Sea-Intelligence warned on Sunday. “Most of them rely on large volumes from China on their services and are not well equipped to suddenly switch to alternate non-Chinese origin cargo. For some of these, we can potentially expect full-service closures for the duration of the trade war.”
- Global carriers are tipped to concentrate port calls at fewer American ports in the coming months while switching some China calls to other Asian manufacturing centres.
- The trade war is beginning to show up in port numbers with China’s transport ministry reporting today that for the week April 7 to 13, container throughput at China’s ports dropped 6.1%.
What exactly is Trumponomics
That’s the trillion-dollar question and my honest answer is that I’m not really sure. Ask a group of investors the same question, and you’re likely to get similar responses. Even Trump administration officials are struggling to articulate a clear and convincing answer. This doesn’t just pertain to tariffs, but the overall economic ideology and policy framework of Trump 2.0. Such ambiguity is creating confusion and anxiety that’s weighing on financial markets, with price action the past two weeks reflecting investor unhappiness with Trumponomics so far. High volatility is likely to persist until there’s more clarity and consistency in the Trump 2.0 policy agenda. How soon that will happen is hard to say.
- Gianluigi Aponte, the secretive Italian billionaire who founded MSC Mediterranean Shipping Co SA, has emerged as a powerful broker in a $19 billion port deal with Hong Kong tycoon Li Ka-shing.
- Aponte and his family-controlled Terminal Investment Ltd., known as TIL, are the main investors in a consortium that has proposed a $19 billion accord to buy 43 ports from Li’s CK Hutchison Holdings, people familiar with the matter have said.
- The grouping includes BlackRock Inc. and its Global Infrastructure Partners (GIP) unit, which will control two of the ports in Panama. GIP also has a minority stake in TIL.
- The deal has thrust the 84-year-old Aponte into an uncharacteristically high-profile position while underscoring his firm’s increasingly dominant role in worldwide shipping. MSC has grown to control about a fifth of global shipping capacity, and Aponte has a net worth of $25.6 billion according to the Bloomberg Billionaires Index.
- The low-key Aponte, silver-haired and slight of build, rarely speaks in public or gives interviews. His closely held
company doesn’t publish financial reports or strategy updates.
- Still, he’s a member of the exclusive club of ultra-wealthy European shipping magnates who earned huge windfalls during the pandemic, and who’ve been expanding their empires ever since.
- The group includes the Maersk-Uggla family behind Danish container line AP Moller-Maersk A/S, Klaus- Michael Kuehne, Germany’s richest man, who has a 30% stake in Hapag-Lloyd AG, and Rodolphe Saade and his family, who control CMA CGM SA.
· Greek newcomer snaps up second product tanker from Premuda
- Vyron Vasileiadis company adds tonnage while clients of Italian operator offload theirs
- Venergy Maritime, a new shipping outfit set up by Piraeus maritime entrepreneur Vyron Vasileiadis, has acquired its second modern MR tanker in quick succession from the same source as the first one.
- Shipbroking sources identify the Greek company as the buyer of the 50,000-dwt. PS Atene built 2018 – currently under Premuda management. Managers at the Italian company confirmed that the Hyundai Mipo built ship is in the process of being sold to a third party for $37.3mio.
- V Group has secured a management deal for a series of six LR1 tanker new-buildings ordered in South Korea by US-listed International Seaways (INSW).
The UK company said it will undertake full technical and crew management of the scrubber-fitted LNG dual-fuel product carriers in a deepening of its relationship with the shipowner. V Group already operates 44 vessels in the International Seaways fleet, spanning VLCC’s, Suexmax’s, Aframax’s, LR1’s and MR vessels.
· Plunging container freight rates force Singapore shipowner into insolvency
- Creditors to meet after container market deals fatal blow to Vasi Shipping
- Singapore-based Vasi Shipping has initiated insolvency proceedings after falling victim to plunging container freight rates.
- The drastic action is being taken after the company suffered with container freight and charter markets moving in opposite directions. A creditor’s meeting to appoint a liquidator has been arranged for later this month. Container spot freight rates sink to 15 month lows, despite stronger charter market.
· No evidence Chinese bulker broke Baltic cables deliberately, probe finds
- But delayed and limited access to vessel made investigation more difficult, Swedish report says
- Swedish accident investigators have found no evidence that a Chinese vessel intentionally damaged two undersea cables in the Baltic Sea.
- The 75,100-dwt Yi Peng 3 (built 2001) made international news when it was accused of dragging its anchor across the data lines connecting Sweden and Finland with Lithuania and Germany last November.
· Snap, Crackle and Pop: Meet the man rethinking hydrogen as a maritime fuel – Hold
- Technology creates Rice Krispies-like pellets that can store energy-dense hydrogen
- One of the biggest criticisms of hydrogen, regardless of whether it is green or not, is that it is not as energy-dense as existing energy sources, notably marine fuel oils and diesel. Current energy-intensive transport methods compound this criticism; there is a storage cost when cooling or maintaining high pressures during
transportation, and an energy penalty of breaking chemical bonds when taking hydrogen out of ammonia or other carriers.
How Trump’s trade war could play out for crude tanker rates
- Tariffs could reduce global GDP growth and oil demand, a negative for crude tanker rates
- If demand falls faster than production and oil pricing goes into contango, refiners could store more oil, a positive for crude tanker demand
- VLCC index rates are at $39,552 per day, 32% below suezmax rates and 23% below Aframax rates
- Crude tankers are not directly impacted by the US-China trade war, but they are expected to face significant indirect consequences. Analysts cite both negative and positive scenarios, with sentiment favouring the negative.
Tanker sales drop in first quarter
- Deals for younger tankers plummet but demand for older tankers remains steady
- Suezmax and Aframax segments were exceptions to trend of decreased first-quarter sales
- In dry market, second-hand Japanese bulkers are more in vogue than China-built units
- Waning appetite may reflect reaction to geopolitical and regulatory developments, but differs across segments and age categories, according to research.
- TANKER sales have slumped noticeably in the first quarter of this year compared with the corresponding period of 2024, according to a research.
- Xclusiv Shipbrokers counted 97 tankers sold during the first three months of 2025, versus 126 in last year’s first quarter.
- The difference was stark, particularly on the Product Tanker side, with the number of medium range two deals falling by more than half from 36 to 15 vessels.
- By contrast, Suezmax sales doubled to 12, and Aframax crude and product tanker transactions crept up by four to 27 vessels.
- The decline “may indicate broader market caution driven by regulatory changes and global economic factors”.
- Sales of very large crude carriers dropped by a third to 12, a trend the researchers additionally attributed to “cautiousness around the largest, most operationally complex ships”.
- Interestingly, the activity had dropped off only for younger tankers of up to 15 years of age, according to the analysis.
- Meanwhile, there was “continuing appetite” for middle- aged and older vessels.
- Sales of tankers in the 16-to-20 year-old bracket held steady at 47 over the past three months, while demand for tankers of more than 21 years of age almost doubled to 18.
- Deals for South Korea-built tankers declined as well as for China-built tonnage, although the latter may also have suffered from the US proposals to target China-built vessels with a port-call tax.
- The number of Japan-built tankers changing hands, however, rose from 18 to 25.
- “Overall, the data points to a more fragmented and opaque market,”.
- The number of acquisitions by Chinese and Greek Owners, traditionally the leading buyers of second-hand tankers, both fell, to 12 and 11 purchases respectively.
- A growing portion of deals featured either an undisclosed buyer or were buyers from “less traditional countries.”
- Indian, Norwegian and Vietnamese Owners have all entered or re-entered the market in recent weeks, the broker noted.
- Notwithstanding the apparent cooling of appetite for younger tonnage, South Korean tanker newbuilding prices for most segments remain 4%-5% higher than April last year.
- The main exception was the VLCC market where the average price tag for a new order was given as $128m, about 2% down from this time last year.
- Potential US targeting of China’s maritime industries also appeared to be having an effect on the second-hand market for dry bulk carriers.
- Out of a lower overall volume of transactions, 56% of the bulkers sold were Japanese vessels, compared with a share of 32% for China-built ships.
- During the same period last year, Chinese vessels represented 42% of sales.
Transpacific blank sailings surge as US-China trade war intensifies
- Amid escalating US–China trade tensions and volatile tariffs, container carriers are aggressively blanking sailings on transpacific routes, slashing capacity and reshuffling services to manage collapsing demand and mounting uncertainty.
Marex Media
All Rights Reserved “Disclaimer”
The reported fixtures and Sale and Purchase deals are obtained from market sources.
All information supplied in this report is supplied in good faith, I do not accept responsibility for any errors and omissions arising from this report and cannot be held responsible for any action taken, or losses incurred, as a result of the details in this report.
Any reproduction has to be with written consent from the copywriter.
You may view or otherwise use the information, prices, indices, assessments and other related information, graphs, tables, images in this report only for your personal use if you are an authorised user for internal use only and not for sale.
Data in this publication, includes independent and verifiable data collected from market participants.
I do not guarantee the adequacy, accuracy, timeliness and/or completeness of the Data or any component thereof or any communication (whether written, oral, electronic or in other format), and shall not be subject to any damages or liability, including but not limited to any indirect, special, incidental, punitive or consequential damages (including but not limited to, loss of profits, trading losses and loss of goodwill).