日本海事新聞ニュース Japan Maritime Daily Apr 16, 2025 (Wed)

‌【Baltic Weekly Market Report】(April 7-11) "Tariff War" Destabilizes Shipping Markets

Trends in BDI (Baltic Exchange Dry Index, 1985=1000)

■Capesize The Capesize market faced headwinds this week, with broader macroeconomic pressures, par ・・・ 続きはログインして下さいnext %3Cbr%3E%E2%96%A0Capesize%3Cbr%3E%3Cbr%3EThe+Capesize+market+faced+headwinds+this+week%2C+with+broader+macroeconomic+pressures%2C+particularly+escalating+US-China+tariff+tensions%2C+weighing+heavily+on+sentiment.+The+BCI+5TC+saw+significant+midweek+drops+before+recovering+slightly+to+close+the+week+at+%2414%2C952%2C+down+from+%2416%2C728+at+the+start.+In+the+Pacific%2C+a+longer+tonnage+list+persisted%2C+and+although+key+miners+were+active+midweek%2C+this+was+insufficient+to+halt+the+decline+in+C5+rates%2C+which+dropped+from+%247.95+to+around+%247.20+midweek+before+recovering+slightly+to+close+at+%247.70.+In+the+Atlantic%2C+pressure+was+also+felt+early+in+the+week+on+the+South+Brazil+and+West+Africa+to+China+routes.+The+C3+index+mirrored+the+weak+sentiment%2C+falling+from+%2420.67+to+%2418.71+midweek%2C+though+improved+activity+and+rising+bid+levels+saw+it+recover+to+%2419.185+by+week%E2%80%99s+end.+The+North+Atlantic+continued+to+see+a+steady+flow+of+cargo%2C+yet+softer+Trans-Atlantic+and+Fronthaul+fixtures+were+reported+earlier+in+the+week.%3Cbr%3E%3Cbr%3E%E2%96%A0Panamax%3Cbr%3E%3Cbr%3EThis+week+in+the+Panamax+market+was+significantly+influenced+by+global+macro-economic+factors%2C+causing+disruptions+across+various+regions.+In+the+Atlantic%2C+the+trans-Atlantic+routes+experienced+the+most+pressure+due+to+minimal+demand+and+softer+oil+prices%2C+resulting+in+voyage+fixtures+equating+to+sub-index+timecharter+equivalents.+The+only+positive+note+was+the+fronthaul+grains+from+NC+South+America%2C+although+even+these+levels+declined+as+the+week+progressed.+South+America+saw+a+quieter+week+with+second+half+April+arrival+deals+consistently+around+the+%2415%2C250+++%24525%2C000+bb+mark.+In+Asia%2C+the+market+was+negatively+impacted+by+a+noticeable+lack+of+NoPac+enquiries.+However%2C+there+was+a+mid-week+improvement+in+demand+from+Australia%2C+with+rates+for+trips+to+China+hovering+around+the+%2411%2C500+mark+for+82%2C000-dwt+types+delivery+China%2FKorea%2FJapan.+Period+activity+was+limited%2C+which+was+expected+given+the+global+uncertainty+and+an+unsupportive+FFA+market.%3Cbr%3E%E2%96%A0Ultramax%2FSupramax%3Cbr%3EWith+the+instability+emanating+from+the+so-called+Tariff+War%2C+unsurprisingly+this+lack+of+confidence+again+influenced+the+sector.+Sentiment+remained+decidedly+poor+within+the+Atlantic+as+most+routes+lost+ground.+The+US+Gulf+lacked+much+fresh+impetus+with+rumours+that+the+Supramax+were+seeing+in+the+%2413%2C000s+for+fronthaul+business.+The+South+Atlantic+remained+positional+although+a+63%2C000-dwt+was+heard+fixed+from+EC+South+America+to+Denmark+at+%2419%2C000.+Elsewhere+there+was+a+bit+of+activity+from+West+Africa%2C+a+scrubber+fitted+63%2C000-dwt+was+heard+fixed+from+here+to+China+in+the+mid+%2413%2C000s.+The+Asian+arena+was+a+rather+mixed+bag%2C+with+demand+being+seen+from+Indonesia+whilst+further+north+a+lack+of+fresh+impetus+kept+rates+in+check.+From+the+south%2C+a+64%2C000-dwt+was+heard+fixed+from+Indonesia+to+EC+India+at+%2416%2C000.+Whilst+for+NoPac+business+a+63%2C000-dwt+was+fixed+open+Japan+fixed+a+NoPac+round+at+%2412%2C000.+Some+said+period+activity+had+almost+come+to+a+halt+as+the+future+outlook+remained+very+unstable.+++%3Cbr%3E%3Cbr%3E%E2%96%A0Handysize%3Cbr%3E%3Cbr%3EAnother+challenging+week+for+the+sector+with+rates+in+both+the+Atlantic+and+Pacific+regions+facing+continued+downward+pressure.+The+Continent+and+Mediterranean+markets+remain+subdued%2C+with+very+little+activity+reported+and+rates+slightly+lower+than+previous+levels.+In+the+South+Atlantic+and+U.S.+Gulf%2C+sentiment+stayed+weak%2C+as+the+tonnage+count+continues+to+build%2C+further+putting+pressure+on+rates.+A+36%2C000-dwt+heard+fixed+for+delivery+Recalada+trip+redelivery+West+Africa+at+%2416%2C000+and+a+39%2C000-dwt+fixed+delivery+US+Gulf+redelivery+West+Mediterranean+with+at+%2412%2C500.+In+Asia%2C+the+tonnage+count+has+been+increasing+throughout+the+week%2C+leading+downward+pressure+on+rates+and+anticipating+further+market+softening.+A+38%2C000-dwt+heard+fixed+for+a+trip+delivery+Susaki+7+Apr+via+Korea+to+redelivery+Indonesia+with+steel+at+%2411%2C500.%3Cbr%3E%3Cbr%3E%E2%96%A0Clean%3Cbr%3E%3Cbr%3ELR2%3Cbr%3E%3Cbr%3EMEG+LR2%E2%80%99s+gradually+softened+this+week.+The+TC1+75kt+MEG%2FJapan+index+dropped+from+WS250+to+WS130.28+and+a+TC20+90kt+MEG%2FUK-Continent+was+also+assessed+%24271%2C000+lower+at+%243.73m.%3Cbr%3E+%3Cbr%3EWest+of+Suez%2C+Mediterranean%2FEast+LR2%E2%80%99s+remained+dormant+with+the+TC15+index+holding+stable+at+the+%243m+level+all+week.%3Cbr%3E+%3Cbr%3ELR1%3Cbr%3E%3Cbr%3EMEG+LR1+freight+also+came+down+this+week+but+to+a+lesser+extent+compared+to+the+LR2%E2%80%99s.+The+TC5+55kt+MEG%2FJapan+index+lost+6.25+points+to+WS139.69.+A+voyage+west+on+TC8+65kt+MEG%2FUK-Continent+went+from+%243.08m+to+%242.86m.++%3Cbr%3E+%3Cbr%3EOn+the+UK-+Continent+LR1%E2%80%99s+held+onto+their+current+position+and+the+TC16+60kt+ARA%2FWest+Africa+index+remained+at+around+the+WS130+level+with+the+Baltic+TCE+just+under+%2425%2C000+%2Fday+round+trip.%3Cbr%3E+%3Cbr%3EMR%3Cbr%3E%3Cbr%3EMRs+in+the+MEG+slowed+the+downward+movement+this+week%2C+the+TC17+35kt+MEG%2FEast+Africa+index+dropped+from+WS198.57+to+WS190+compared+to+a+much+larger+drop+last+week.%3Cbr%3E+%3Cbr%3EUK-Continent+MR%E2%80%99s+have+taken+a+second+week+of+downward+pressure.+The+TC2+37kt+ARA%2FUS-Atlantic+coast+trip+came+off+21.56+points+to+WS132.5.+The+Baltic+description+round+trip+TCE+for+the+run+dropped+%243%2C216+to+%2413%2C895+%2Fday.+The+TC19+voyage+of+37kt+ARA%2FWest+Africa+index+continued+to+follow+suit+of+TC2+and+went+from+WS174.69+to+WS153.13.%3Cbr%3E+%3Cbr%3EUSG+MRs+have+been+tested+downward+for+the+second+week+on+week.+The+TC14+38kt+US-Gulf%2FUK-Continent+went+from+WS120.71+to+WS98.57.+The+TC18+the+38kt+US+Gulf%2FBrazil+index+dropped+by+37.14+points+to+WS156.43+and+a+Caribbean+run+on+TC21%2C+38kt+US-Gulf%2FCaribbean+came+off+%24203%2C571+to+%24539%2C286.+++%3Cbr%3E+%3Cbr%3EThe+MR+Atlantic+Triangulation+Basket+TCE+went+from+%2425%2C173+to+%2419%2C668.%3Cbr%3E%3Cbr%3E+%3Cbr%3EHandymax%3Cbr%3E%3Cbr%3EBaltic+Clean+Handymax%E2%80%99s+resurged+this+week+in+the+Mediterranean%2C+the+TC6+index+recharged+27.22+points+to+WS192.22.+Up+on+the+UK-Continent+the+TC23+30kt+Cross+UK-Continent+remained+flat+around+the+WS150+mark.%3Cbr%3E%3Cbr%3E%E2%96%A0VLCC%3Cbr%3EThe+market+continued+on+a+downward+trend+again+this+week+with+the+rate+for+the+270%2C000+mt+Middle+East+Gulf+to+China+trip+%28TD3C%29+falling+3+points+to+WS54.10+corresponding+to+a+round-trip+TCE+of+%2436%2C533+%28about+%241%2C100%2Fday+less+than+a+week+ago%29.%3Cbr%3E%3Cbr%3EIn+the+Atlantic+market%2C+the+rate+for+260%2C000+mt+West+Africa%2FChina+%28TD15%29+eased+just+over+a+point+to+WS58.19+giving+a+round+voyage+TCE+of+%2441%2C981+per+day+%28which+is+about+%24700%2Fday+more+than+a+week+ago%29.+The+rate+for+270%2C000+mt+US+Gulf%2FChina+%28TD22%29+has+been+steadily+falling+this+week+losing+%24352%2C500+since+last+Friday+and+is+currently+assessed+at+%248%2C260%2C000+which+shows+a+daily+round+trip+TCE+of+%2446%2C629+%28about+%241000%2Fday+less+than+last+Friday%29.%3Cbr%3E%3Cbr%3E%3Cbr%3E%E2%96%A0Suezmax%3Cbr%3E%3Cbr%3ESuezmax+owners+have+capitalised+on+the+demand+this+week+with+the+rate+for+the+130%2C000+mt+Nigeria%2FUK+Continent+voyage+%28TD20%29+reclaiming+9+points+to+WS104.72+meaning+a+daily+round-trip+TCE+of+%2448%2C650%2C+while+the+TD27+route+%28Guyana+to+UK+Continent+basis+130%2C000+mt%29+climbed+7+points+to+WS103.61+translating+to+a+daily+round+trip+TCE+of+%2447%2C818+basis+discharge+in+Rotterdam.+The+recent+issues+in+CPC+appear+to+have+been+resolved+and+volumes+from+here+have+been+maintained.+The+rate+for+the+TD6+route+of+135%2C000+mt+CPC%2FMed+has+been+steady+at+about+the+WS130+level+showing+a+daily+TCE+of+about+%2465%2C500+round-trip.+In+the+Middle+East%2C+the+rate+for+the+TD23+route+of+140%2C000+mt+Middle+East+Gulf+to+the+Mediterranean+%28via+the+Suez+Canal%29+has+gained+a+point+to+a+fraction+over+WS91.%3Cbr%3E%3Cbr%3E%E2%96%A0Aframax%3Cbr%3EIn+the+North+Sea%2C+the+rate+for+the+80%2C000+mt+Cross-UK+Continent+route+%28TD7%29+has+steadied%2C+with+rates+holding+in+the+WS135-137.5+range+giving+a+daily+round-trip+TCE+of+%2453%2C221+basis+Hound+Point+to+Wilhelmshaven.%3Cbr%3EIn+the+Mediterranean+market+the+rate+for+80%2C000+mt+Cross-Mediterranean+%28TD19%29+has+recovered+8+points+to+WS178.39+%28basis+Ceyhan+to+Lavera%2C+that+shows+a+daily+round+trip+TCE+of+just+under+of+%2460%2C646%29.%3Cbr%3EAcross+the+Atlantic%2C+the+market+improved+through+the+week+until+Thursday+and+appears+to+now+be+gradually+falling%2C+but+still+not+below+last+week%E2%80%99s+levels.+The+rates+for+the+70%2C000+mt+East+Coast+Mexico%2FUS+Gulf+route+%28TD26%29+and+the+70%2C000+mt+Covenas%2FUS+Gulf+route+%28TD9%29+are+about+4+points+above+last+Friday%E2%80%99s+levels+at+WS225.83+and+WS221.56%2C+respectively%2C+which+shows+a+daily+round-trip+TCE+of+%2468%2C309+and+%2461%2C039.%3Cbr%3EThe+rate+for+the+trans-Atlantic+route+of+70%2C000+mt+US+Gulf%2FUK+Continent+%28TD25%29+also+looks+to+have+peaked+at+just+over+WS200+on+Wednesday+and+on+Thursday+was+shown+at+WS190+%28still+11+points+up+on+last+Friday%E2%80%99s+rate%29+giving+a+round+trip+TCE+basis+Houston%2FRotterdam+of+%2452%2C404+per+day.+%3Cbr%3E%E2%96%A0LNG%3Cbr%3EThe+LNG+market+came+under+slight+pressure+this+week%2C+with+rates+softening+across+most+routes.+The+Atlantic+basin+was+mixed%2C+while+the+Pacific+saw+modest+losses.+Long-term+charter+rates+also+edged+lower%2C+reflecting+broader+caution+in+the+market.%3Cbr%3EOn+the+BLNG1+Gladstone%E2%80%93Tokyo+route+%28174k+cbm%29%2C+rates+dropped+%24567+to+%2424%2C700+per+day.+The+corresponding+160k+cbm+rate+fell+more+sharply+by+%241%2C500%2C+settling+at+%2414%2C500+per+day.%3Cbr%3EIn+the+Atlantic%2C+the+BLNG2+Sabine%E2%80%93UK+Continent+route+saw+a+slight+%2467+decrease+to+%2422%2C600+for+174k+cbm+ships%2C+while+160k+cbm+vessels+slipped+by+%24500+to+%2412%2C100.%3Cbr%3EThe+BLNG3+Sabine%E2%80%93Tokyo+route+was+the+only+route+to+show+strength+this+week.+174k+cbm+carriers+rose+%241%2C665+to+%2429%2C500%2C+while+160k+cbm+vessels+gained+%24498%2C+ending+at+%2415%2C300.%3Cbr%3EThe+period+market+also+experienced+a+downward+adjustment%2C+reflecting+weaker+forward+sentiment.+Six-month+time+charter+rates+for+a+174k+cbm+vessel+declined+by+%24350%2C+settling+at+%2427%2C900%2Fday%2C+while+one-year+rates+also+dropped+%24350+to+%2432%2C575%2Fday.+The+three-year+rate+was+relatively+stable+but+still+edged+down+by+%2450%2C+closing+the+week+at+%2453%2C300%2Fday.%3Cbr%3E%E2%96%A0LPG%3Cbr%3EThe+LPG+market+experienced+a+dramatic+downturn+this+week%2C+with+rates+plunging+across+all+major+routes+amid+a+shock+reaction+to+newly+imposed+U.S.+tariffs.+The+sudden+policy+moves+by+the+Trump+administration+sent+ripples+in+the+LPG+trade+flows+and+eroded+confidence+in+forward+demand.%3Cbr%3E+%3Cbr%3EOn+the+BLPG1+Ras+Tanura%E2%80%93Chiba+route%2C+rates+dropped+harshly+by+%2423.17%2C+falling+to+%2433.50%2C+while+TCE+earnings+decreased+%2422%2C778+to+%2417%2C474.+This+marks+one+of+the+sharpest+single-week+declines+in+recent+memory%2C+reflecting+a+rapid+cooling+of+Middle+East%E2%80%93East+Asia+flows.%3Cbr%3E+%3Cbr%3EIn+the+Atlantic%2C+the+BLPG2+Houston%E2%80%93Flushing+route+mirrored+this+volatility%2C+dropping+%2415.25+to+%2441.25%2C+with+TCE+earnings+losing+%2419%2C625%2C+ending+at+%2436%2C607.%3Cbr%3E+%3Cbr%3EThe+BLPG3+Houston%E2%80%93Chiba+route+saw+the+steepest+fall%2C+with+rates+shedding+%2428.08+to+settle+at+%2475.17.+Corresponding+TCE+earnings+tumbled+%2419%2C020+to+%2418%2C727%2C+underscoring+how+uncertainty+and+policy+disruption+are+weighing+heavily+on+U.S.+long-haul+trade+to+the+east.%3Cbr%3E%3Cbr%3E%3Cbr%3E%E3%80%80%3Cbr%3E%28Courtesy+of+The+Baltic+Exchange%29%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%83%A6%E3%83%BC%E3%82%B6%E3%83%BC%E3%81%AF%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%8C%E3%80%81%E8%87%AA%E5%8B%95%E7%9A%84%E3%81%8B%E3%81%A4%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E6%83%85%E5%A0%B1%E3%82%92%E8%AA%8D%E8%AD%98%E3%83%BB%E5%88%86%E6%9E%90%E3%81%97%E3%81%A6%E7%B5%90%E6%9E%9C%E3%82%92%E5%87%BA%E5%8A%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E4%BD%BF%E7%94%A8%E3%81%97%E3%81%9F%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%A7%E3%81%82%E3%82%8B%E3%81%93%E3%81%A8%E3%82%92%E5%8D%81%E5%88%86%E3%81%AB%E7%90%86%E8%A7%A3%E3%81%97%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E5%88%A9%E7%94%A8%E3%81%99%E3%82%8B%E3%82%82%E3%81%AE%E3%81%A8%E3%81%97%E3%81%BE%E3%81%99%E3%80%82%3Cbr%3E

【バルチックWeekly市況リポート】(4月7―11日)〝関税戦争〟で不安定化

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