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日本海事新聞ニュース
Japan Maritime Daily
Aug 13, 2025 (Wed)
【Baltic Weekly Market Report】(August 4-8) Product Carrier Rises in Atlantic Basin
Trends in BDI (Baltic Exchange Dry Index, 1985=1000)
■Capesize The Capesize market experienced a mixed and somewhat volatile week, marked by early weakn
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%E2%96%A0Capesize%3Cbr%3E%3Cbr%3EThe+Capesize+market+experienced+a+mixed+and+somewhat+volatile+week%2C+marked+by+early+weakness+followed+by+a+midweek+rebound+and+gradually+firmer+sentiment%2C+particularly+in+the+Atlantic.+In+the+Pacific%2C+despite+steady+miner+activity+on+C5%2C+freight+rates+fluctuated%2C+slipping+as+low+as+%249.55%2C+rebounding+midweek+to+%2410.40+before+easing+back+to+%2410.00+and+eventually+ending+the+week+at+%2410.60.+In+contrast%2C+the+South+Brazil+and+West+Africa+to+China+markets+saw+steady+activity.+While+early+fixtures+pointed+to+softer+levels+in+the+low+%2423s+on+C3%2C+midweek+gains+and+healthy+cargo+flow+provided+support%2C+with+standard+vessels+continuing+to+command+a+premium+as+fixtures+climbed+to+%2425.00+by+Friday.+The+North+Atlantic+was+the+standout+performer%2C+gaining+momentum+midweek+after+a+quiet+start.+Both+Transatlantic+and+fronthaul+routes+firmed+on+the+back+of+fresh+demand+and+tightening+supply%2C+with+Transatlantic+rates+rising+from+around+%2425%2C000+to+%2430%2C000+and+fronthaul+levels+reaching+the+low+%2450%2C000s.+The+BCI+5TC+posted+a+net+weekly+gain%2C+rebounding+from+early+declines+to+close+at+%2427%2C716.%3Cbr%3E%3Cbr%3E%E2%96%A0Panamax%3Cbr%3E%3Cbr%3EAfter+last+week%E2%80%99s+rather+subdued+market%2C+it+was+a+more+positive+week+overall+for+the+Panamax+sector.+Stronger+levels+of+enquiry+were+seen+from+the+South+Atlantic%2C+despite+a+lack+of+interest+from+the+North+Atlantic%2C+owners+remained+optimistic+throughout+the+week.+The+demand+from+South+America+was+the+P6+route+achieving+in+the+mid-upper+%2414%2C000s.+However%2C+limited+fresh+enquiry+from+the+North+Atlantic+saw+an+83%2C000-dwt+fixing+from+the+United+Kingdom+via+Narvik+redelivery+Continent+at+%2417%2C500.+With+the+extra+demand+from+the+South+Atlantic%2C+gradually+better+levels+were+seen+for+Southeast+Asian+business%2C+with+an+82%2C000-dwt+fixing+delivery+Tanjung+Bin+via+Indonesia+redelivery+Japan+at+%2418%2C000.+There+was+also+a+reasonable+amount+of+activity+from+Australasia.+An+82%2C000-dwt+fixing+delivery+China+via+EC+Australia+redelivery+India+at+%2414%2C750.+Period+activity+remained+a+slightly+relaxed+affair%2C+but+an+82%2C000-dwt+open+China+fixed+3%2F6+months+trading+redelivery+worldwide+in+the+mid+%2414%2C000s.%3Cbr%3E%3Cbr%3E%E2%96%A0Ultramax%2FSupramax%3Cbr%3E%3Cbr%3EAlthough+it+was+generally+a+positive+affair+overall%2C+the+Atlantic+could+be+described+as+rather+positional+during+the+course+of+the+week.+Demand+returned+at+pace+from+the+US+Gulf+drawing+owners+interest+from+both+the+Continent+and+Western+Mediterranean.+A+60%2C000-dwt+was+heard+fixed+from+the+US+Gulf+for+a+trip+Singapore-Japan+at+%2427%2C750+while+a+58%2C000-dwt+was+fixed+delivery+SW+Pass+trip+to+the+East+Mediterranean+at+%2426%2C000.+By+contrast+the+South+Atlantic+struggled+to+gain+much+traction%2C+with+a+63%2C000-dwt+was+heard+fixed+from+Santos+to+Chittagong+at+%2414%2C000+plus+%24400%2C000+ballast+bonus.+After+a+relatively+slow+start+from+Asia%2C+demand+picked+up+both+from+Southeast+Asia+and+further+north%2C+with+a+56%2C000-dwt+fixing+delivery+South+China+via+Vietnam+redelivery+Bangladesh+at+%2419%2C500.+Increased+demand+was+also+seen+in+the+Indian+Ocean%2C+albeit+based+around+South+Africa.+A+64%2C000-dwt+fixing+delivery+Port+Elizabeth+for+a+trip+to+China+at+%2421%2C000+plus+%24210%2C000+ballast+bonus.+%3Cbr%3E%3Cbr%3E%E2%96%A0Handysize%3Cbr%3E%3Cbr%3EThe+market+delivered+a+mixed+performance+this+week%2C+with+only+modest+movements+across+both+basins.+In+the+Continent+and+Mediterranean%2C+some+fresh+demand+and+increased+activity+were+noted%2C+although+rates+generally+held+around+last-done+levels.+For+instance%2C+a+32%2C000-dwt+fixed+a+trip+via+France+redelivery+Turkey+with+scrap+at+%249%2C500.+The+South+Atlantic+remained+relatively+soft%2C+with+limited+information+emerging%2C+while+the+US+Gulf+retained+firm+fundamentals%2C+supported+by+a+steady+flow+of+cargo.+A+34%2C000-dwt+was+fixed+delivery+SW+Pass+16%E2%80%9324+August+for+redelivery+to+WC+Central+America+at+%2415%2C750.+On+the+Asian+front%2C+despite+limited+fixture+reports%2C+the+market+sentiment+maintained+a+firm+tone.+A+38%2C000-dwt+fixed+delivery+Cigading+for+trip+to+redelivery+Continent+at+%2415%2C000.%3Cbr%3E%3Cbr%3E%E2%96%A0Clean%3Cbr%3E%3Cbr%3ELR2%3Cbr%3E%3Cbr%3ELR2+freight+in+the+MEG+continued+to+firm+modestly+this+week.+The+TC1+75kt+MEG%2FJapan+index+added+5.28+points+to+WS153.06.+A+TC20+90kt+MEG%2FUK-Continent+trip+also+ticked+up+over+the+%244+million+mark+to+%244.16+million.+West+of+Suez%2C+Mediterranean%2FEast+LR2%E2%80%99s+continue+to+trundle+along+around+%242.9+million+for+a+TC15+Baltic+description+voyage+for+the+moment.%3Cbr%3E%3Cbr%3ELR1%3Cbr%3E%3Cbr%3EMEG+LR1%E2%80%99s+firmed+with+some+gusto+this+week.+The+TC5+55kt+MEG%2FJapan+index+added+a+welcome+20.31+points+to+WS175.94.+A+voyage+west+on+TC8+65kt+MEG%2FUK-Continent+also+moved+up+%24185%2C705+to+%243.32+million.+On+the+UK-Continent+LR1+freight+remained+unmoved+again.+The+TC16+60kt+ARA%2FWest+Africa+index+is+still+around+WS112.5.%3Cbr%3E%3Cbr%3EMR%3Cbr%3E%3Cbr%3EMR+freight+in+the+MEG+climbed+gently+this+week.+The+TC17+35kt+MEG%2FEast+Africa+index+went+from+WS243.57+to+WS252.14%2C+corresponding+to+a+little+under+%2425%2C000%2Fday+on+Baltic+round+trip+description.%3Cbr%3E%3Cbr%3EUK-Continent+MRs+took+off+dramatically+late+in+the+week.+The+TC2+37kt+ARA%2FUS-Atlantic+coast+went+from+WS109.69+mid-week+to+WS120.94+overnight.+This+saw+the+Baltic+timecharter+equivalent+round+trip+for+the+run+to+jump+from+%246%2C428+to+%2410%2C039%2Fday.%3Cbr%3E%3Cbr%3EUSG+MR+freight+has+also+shot+up+this+week.+The+TC14+38kt+US-Gulf%2FUK-Continent+trip+has+jumped+from+WS167.5+to+WS199.29+following+a+flurry+of+activity+later+in+the+week.+A+Caribbean+trip+on+TC21%2C+38kt+US-Gulf%2FCaribbean+also+saw+a+striking+rise+of+48%25+to+%241.13+million.%3Cbr%3E%3Cbr%3EThe+MR+Atlantic+Triangulation+Basket+TCE+went+from+%2426%2C573+to+%2434%2C909.%3Cbr%3E%3Cbr%3EHandymax%3Cbr%3E%3Cbr%3EThe+Mediterranean+Handymax+of+TC6%2C+30kt+Cross+Mediterranean+continued+along+the+mid-high+WS180%E2%80%99s+all+week.+The+TC23+30kt+Cross+UK-Continent+was+also+relatively+stable%2C+floating+around+the+high+WS140%E2%80%99s+to+low+WS150%E2%80%99s+all+week.%3Cbr%3E%3Cbr%3E%E2%96%A0VLCC%3Cbr%3E%3Cbr%3EThe+VLCC+turned+around+this+week+with+rates+improving+on+all+Baltic+routes.+The+rate+for+the+270%2C000+mt+Middle+East+Gulf+to+China+trip+%28TD3C%29+climbed+12+points+to+WS56.65+corresponding+to+a+daily+round-trip+TCE+of+%2437%2C158.%3Cbr%3E%3Cbr%3EIn+the+Atlantic+market%2C+the+rate+for+260%2C000mt+West+Africa%2FChina+%28TD15%29+increased+by+6+points+to+WS56.31+giving+a+round+voyage+TCE+of+%2437%2C398+per+day.+In+the+US+Gulf+region%2C+the+rate+for+the+TD22+route+of+270%2C000mt+US+Gulf+to+China+regained+over+%24436%2C000+to+just+shy+of+%247%2C100%2C000+which+shows+a+daily+round+trip+TCE+of+about+%2434%2C200.%3Cbr%3E%3Cbr%3E%E2%96%A0Suezmax%3Cbr%3E%3Cbr%3EIn+the+Suezmax+market%2C+rates+significantly+improved+in+the+West%2C+although+not+so+much+in+the+Middle+East.+The+rate+for+the+130%2C000+mt+Nigeria%2FUK+Continent+voyage+%28TD20%29+shot+up+34+points+to+WS120.56%2C+which+translates+into+a+daily+round-trip+TCE+of+%2455%2C657.+The+TD27+route+%28Guyana+to+UK+Continent+basis+130%2C000+mt%29+followed+suit%2C+gaining+38+points+to+WS120.56+meaning+a+parity+with+TD20+in+the+daily+round+trip+TCE+of+%2455%2C532.+The+TD6+route+of+135%2C000+mt+CPC%2FAugusta+improved+by+26+points+to+a+fraction+below+WS130+giving+a+daily+TCE+of+more+than+%2461%2C100.+In+the+Middle+East%2C+the+TD23+route+of+140%2C000+mt+Middle+East+Gulf+to+the+Mediterranean+%28via+the+Suez+Canal%29+gained+two+points+to+the+WS98+level.%3Cbr%3E%3Cbr%3E%E2%96%A0Aframax%3Cbr%3E%3Cbr%3EIn+the+North+Sea+market+for+the+80%2C000+mt+Cross-UK+Continent+route+%28TD7%29%2C+the+rate+gained+a+point+to+WS119.58+giving+a+daily+round-trip+TCE+of+%2431%2C251+basis+Hound+Point+to+Wilhelmshaven.%3Cbr%3EIn+the+Mediterranean%2C+the+rate+for+80%2C000+mt+Cross-Mediterranean+%28TD19%29+slipped+two+points+to+WS148.83+%28basis+Ceyhan+to+Lavera+that+shows+a+daily+round+trip+TCE+of+just+shy+of+%2437%2C800%29.%3Cbr%3EAcross+the+Atlantic%2C+the+market+peaked+mid-week+and+started+a+downhill+journey%2C+which+may+continue+into+next+week.+The+70%2C000+mt+East+Coast+Mexico%2FUS+Gulf+route+%28TD26%29+lost+14+points+to+about+WS167+%28giving+a+daily+round-trip+TCE+of+about+%2439%2C200%29+and+the+70%2C000+mt+Covenas%2FUS+Gulf+route+%28TD9%29+lost+19+points+to+about+WS157+%28translating+into+daily+round+trip+TCE+of+around+%2434%2C100%29.%3Cbr%3EThe+rate+for+the+trans-Atlantic+route+of+70%2C000+mt+US+Gulf%2FUK+Continent+%28TD25%29+fell+24+points+since+last+Friday+to+WS151.11%2C+giving+a+round+trip+TCE+basis+Houston%2FRotterdam+of+%2436%2C160%2Fday.%3Cbr%3ETwo+new+routes+went+%E2%80%98live%E2%80%99+this+week%3A+TD28+%2880%2C000+mt+crude+oil+Vancouver+to+China%29+and+TD29+%2880%2C000+mt+crude+oil+Vancouver+to+Pacific+Area+Lightering+point+on+the+US+West+Coast%29.+TD28+was+published+on+Thursday+at+%241%2C850%2C000%2C+which+is+%2487%2C500+down+for+the+week%2C+while+TD29+was+published+on+Thursday+at+WS133.75%2C+which+is+a+loss+of+about+three+points+for+the+week.%3Cbr%3E%3Cbr%3E%E2%96%A0LNG%3Cbr%3E%3Cbr%3EIt+has+been+a+quiet+week+in+the+LNG+market%2C+with+activity+levels+subdued+and+rates+broadly+trading+sideways.+While+some+routes+saw+marginal+gains%2C+overall+sentiment+remained+stable%2C+with+limited+fresh+drivers+in+the+spot+market.%3Cbr%3EOn+the+BLNG1+Australia%E2%80%93Japan+route%2C+rates+for+174k+cbm+vessels+eased+%24400+to+%2433%2C000%2Fday%2C+while+160k+cbm+earnings+were+unchanged+at+%2422%2C200%2Fday%2C+reflecting+muted+Pacific+activity+and+ample+tonnage+availability.%3Cbr%3EThe+BLNG2+US+Gulf%E2%80%93Continent+route+firmed%2C+with+174k+cbm+rates+rising+%24600+to+%2435%2C300%2Fday+and+160k+cbm+vessels+up+%24200+to+%2422%2C000%2Fday.+The+BLNG3+US+Gulf%E2%80%93Japan+route+posted+modest+gains+for+larger+ships%2C+with+174k+cbm+vessels+increasing+%24200+to+%2442%2C600%2Fday.+However%2C+160k+cbm+tonnage+slipped+%24200+to+%2425%2C900%2Fday+as+longer-haul+demand+remained+patchy.%3Cbr%3ETimecharter+levels+softened+slightly.+The+six-month+TC+rate+fell+%241%2C000+to+%2446%2C250%2Fday%2C+while+the+one-year+rate+eased+%24275+to+%2445%2C975%2C+and+the+three-year+term+was+down+%2450+to+%2456%2C950%2C+signalling+a+steady+but+unhurried+market+backdrop.%3Cbr%3E%3Cbr%3E%E2%96%A0LPG%3Cbr%3E%3Cbr%3EThe+LPG+market+saw+strong+gains+this+week%2C+with+sentiment+boosted+by+mounting+congestion+in+the+Neo+Panama+Canal.+The+potential+for+prolonged+delays+is+raising+the+likelihood+that+a+significant+share+of+vessels+ballasting+to+the+US+will+divert+via+the+Cape+of+Good+Hope%2C+which+would+increase+tonne-miles+and+tighten+tonnage+lists+further.%3Cbr%3E%3Cbr%3EOn+the+BLPG1+Ras+Tanura%E2%80%93Chiba+route%2C+rates+climbed+%243.75+to+%2488.58+per+metric+tonne.+TCE+earnings+rose+%244%2C707+to+%2476%2C115%2Fday%2C+supported+by+steady+Middle+East+demand+and+firmer+sentiment+across+the+market.%3Cbr%3E%3Cbr%3EThe+BLPG2+Houston%E2%80%93Flushing+route+increased+%245.75+to+%2483.13%2C+with+TCE+returns+jumping+%249%2C753+to+%2494%2C445%2Fday.+Tightening+Atlantic+supply+conditions%2C+partly+driven+by+the+Panama+Canal+delays%2C+provided+a+firm+upward+push.%3Cbr%3E%3Cbr%3EThe+BLPG3+Houston%E2%80%93Chiba+route+recorded+the+sharpest+move%2C+gaining+%2410.00+to+%24149.83+per+metric+tonne.+TCE+earnings+increased+%248%2C512+to+%2474%2C814%2Fday.+Driven+again+by+firmer+sentiment+in+the+Atlantic.%3Cbr%3E%3Cbr%3E%E2%96%A0Container%3Cbr%3E%3Cbr%3EThis+week%2C+key+container+shipping+routes+have+all+lost+some+ground%2C+with+the+headline+Baltic+Exchange+Container+Freight+Index+%28FBX%29+dropping+by+%24213+or+approximately+9%25.+Ongoing+tariff+uncertainty+continues+to+weigh+on+the+market%2C+particularly+with+speculation+around+a+potential+extension+or+development+in+the+US-China+trade+talks.%3Cbr%3ELiner+companies+have+persisted+in+blanking+sailings+to+stabilise+rates%2C+which+appears+to+be+yielding+results+as+the+rate+decline+is+moderating.%3Cbr%3EMajor+route+moves+this+week+saw+FBX01+%28China%2FEast+Asia+%E2%86%92+US+West+Coast%29+end+the+week+at+%241%2C941+per+FEU%2C+down+%24428+from+last+Friday.+FBX03+%28China%2FEast+Asia+%E2%86%92+US+East+Coast%29+closed+at+%243%2C505+per+FEU%2C+down+%24200+week-on-week.+FBX11+%28China%2FEast+Asia+%E2%86%92+North+Europe%29+finished+at+%243%2C218+per+FEU%2C+a+decrease+of+%24239+and+FBX13+%28China%2FEast+Asia+%E2%86%92+Mediterranean%29+ended+the+week+at+%243%2C126+per+FEU%2C+down+%2480.%3Cbr%3EMarket+participants+remain+cautious+as+trade+policy+uncertainty+lingers%2C+although+capacity+management+by+carriers+is+helping+to+support+rate+levels+amidst+softer+demand.%3Cbr%3E%3Cbr%3E%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%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【
バルチックWeekly市況リポート
】(8月4―8日)プロダクト船、大西洋で上昇
2025/08/13(水)
日本海事新聞
JMD
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