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日本海事新聞ニュース Japan Maritime Daily Dec 10, 2025 (Wed)

‌【Baltic Weekly Market Report】(December 1-5) Capesize Tightens In the Atlantic

BDI

　■ Capesize　The week was characterized by a strong start, a surge in the middle, and then a gradual ・・・続きはログインして下さいnext %E3%80%80%E2%96%A0+Capesize%3Cbr%3E%3Cbr%3E%E3%80%80The+week+was+characterized+by+a+strong+start%2C+a+surge+in+the+middle%2C+and+then+a+gradual+correction.%3Cbr%3E%3Cbr%3E%E3%80%80In+the+Pacific%2C+positive+momentum+was+established+by+steady+mining+companies%E2%80%99+activity+and+tight+tonnage+lists%2C+with+C5+%28Western+Australia-China+route%29+rates+stabilizing+in+the+low+to+mid-%2412s+per+ton.%3Cbr%3E%3Cbr%3E%E3%80%80Sentiment+eased+slightly+toward+the+weekend%2C+but+was+supported+by+a+recovery+in+additional+mining+companies.%3Cbr%3E%3Cbr%3E%E3%80%80The+biggest+feature+of+this+week+is+the+significant+tightening+of+supply+and+demand+for+shipping+space+in+the+North+Atlantic.+This+sparked+a+mid-week+surge.+The+extremely+limited+tonnage%2C+coupled+with+several+notable+charter+deals+in+the+Seven+Islands+%28Canada%29%2C+led+to+significant+increases+in+transatlantic+and+fronthaul+rates.+The+average+rate+for+the+five+major+shipping+routes+%285TC%29+reached+%2444%2C000+per+day.%3Cbr%3E%3Cbr%3E%E3%80%80New+charter+contracts+were+signed+mid-week+for+vessels+departing+from+southern+Brazil+and+West+Africa+bound+for+China.+There+were+gradual+improvements%2C+such+as+an+increase+in+the+C3+%28Southern+Brazil-China+route%29+rates%2C+but+the+market+became+quiet+again+toward+the+weekend.%3Cbr%3E%3Cbr%3E%E3%80%80%E2%96%A0+Panamax%3Cbr%3E%3Cbr%3E%E3%80%80The+start+of+the+week+saw+an+increase+in+immediately+available+tonnage+across+the+Atlantic+and+Asia%2C+making+shipowners+more+amenable+to+negotiations.+The+market+started+on+a+weaker+note%2C+easing+from+the+previous+week%E2%80%99s+strength.%3Cbr%3E%3Cbr%3E%E3%80%80Sentiment+remained+subdued+through+Tuesday+and+Wednesday+as+limited+new+inquiries+were+unable+to+offset+the+increase+in+vessel+supply.%3Cbr%3E%3Cbr%3E%E3%80%80In+the+Pacific%2C+particularly+in+Indonesia+and+the+North+Pacific%2C+a+swelling+tonnage+list+and+weak+grain+demand+continued+to+exert+downward+pressure.+Time+charter+activity+was+relatively+strong%2C+with+several+deals+reported.%3Cbr%3E%3Cbr%3E%E3%80%80By+Thursday%2C+a+surge+in+Capesize+and+the+possibility+of+stem+splits+in+the+Atlantic+provided+temporary+support+to+the+market%2C+but+wide+gaps+between+bids+and+offers+and+limited+cargo+flows+limited+any+gains.%3Cbr%3E%3Cbr%3E%E3%80%80Overall%2C+cautious+charterers%2C+aggressive+ship+owners+and+ample+tonnage+continued+to+dampen+market+momentum%2C+with+P5TC+%28average+rate+for+five+Panamax+trade+routes%29+falling+to+%2416%2C767.%3Cbr%3E%3Cbr%3E%E3%80%80%E2%96%A0+Supramax%3Cbr%3E%3Cbr%3E%E3%80%80Brokers+described+the+market+as+somewhat+positional+this+week.+The+Atlantic+was+relatively+calm+at+the+start+of+the+week%2C+but+as+the+week+progressed%2C+strong+demand+returned+in+the+Gulf+of+Mexico%2C+with+higher+levels+of+deals+being+concluded.%3Cbr%3E%3Cbr%3E%E3%80%80There+was+information+that+a+52%2C000+dwt+%28Type+52%29+vessel+was+traded+in+the+low+%2430%2C000s+per+day+on+a+transatlantic+route+from+the+Gulf+of+Mexico.%3Cbr%3E%3Cbr%3E%E3%80%80Meanwhile%2C+weak+demand+in+South+America+led+to+a+more+negative+tone+overall.+A+Type+63+from+Santos+%28Brazil%29+to+Karachi+%28Pakistan%29+was+traded+for+%2416%2C750+plus+a+ballast+bonus+of+%24675%2C000.%3Cbr%3E%3Cbr%3E%E3%80%80Demand+also+weakened+in+Asia%2C+pushing+down+the+market.+It+appears+that+a+Supramax+vessel+was+priced+in+the+high+%2415%2C000+range+for+a+voyage+from+Southeast+Asia+via+Indonesia+to+China.%3Cbr%3E%3Cbr%3E%E3%80%80Demand+is+stronger+in+the+Indian+Ocean%2C+with+reports+of+a+Type+63+fetching+%2417%2C000+for+a+trip+from+the+east+coast+of+India+via+South+Africa+to+China.%3Cbr%3E%3Cbr%3E%E3%80%80%E2%96%A0+Handysize%3Cbr%3E%3Cbr%3E%E3%80%80The+market+showed+mixed+movements+this+week+depending+on+the+region.+Activity+was+limited+in+continental+Europe+and+the+Mediterranean%2C+but+rates+rose+from+the+previous+week.+However%2C+the+increase+was+only+small.+A+Type+38+from+continental+Europe+to+US+East+Coast+was+traded+for+%2415%2C000+per+day.%3Cbr%3E%3Cbr%3E%E3%80%80The+Gulf+of+Mexico+and+South+Atlantic+were+strong.+Due+to+tight+supply+and+demand+for+tonnage%2C+charterers+gradually+increased+their+offers.+It+was+reported+that+a+Type+40+carrying+wheat+from+Port+Alfred+%28Canada%29+via+the+St.+Lawrence+to+Casablanca+%28Morocco%29+fetched+%2424%2C000.+A+Type+37+reportedly+fetched+%2420%2C150+for+a+grain+shipment+from+Santos+via+Argentina+to+Dakar+%28Senegal%29.%3Cbr%3E%3Cbr%3E%E3%80%80The+Asian+market+remained+calm%2C+with+fundamentals+generally+stable.+The+rates+also+remained+almost+flat.+A+Type+43+opens+Adelaide+%28Australia%29+on+December+20+fetched+%2417%2C500+for+alumina+transport+to+China+via+Bunbury+%28Australia%29.%3Cbr%3E%3Cbr%3E%E3%80%80%E2%96%A0+VLCC+%28Very+Large+Crude+Carrier%29%3Cbr%3E%3Cbr%3E%E3%80%80The+market+remained+weak%2C+as+in+the+previous+week.+The+Middle+East-China+route+%28TD3C%29+fell+by+about+6.5+points+to+WS+%28Worldscale%29+123.42+and+a+round-trip+TCE+%28charter+rate+equivalent%29+of+%24125%2C613+per+day.+%3Cbr%3E%3Cbr%3E%E3%80%80In+the+Atlantic%2C+the+West+Africa-China+route+%28TD15%29+fell+by+5+points+to+WS114.38%2C+with+the+round-trip+TCE+dropping+to+%24107%2C919+per+day.+The+total+freight+rate+for+the+Gulf+of+Mexico-China+route+%28TD22%29+fell+by+about+%2451%2C000+to+%2413%2C773%2C889%2C+with+a+round-trip+TCE+of+%2494%2C600.%3Cbr%3E%3Cbr%3E%E3%80%80%E2%96%A0+Product+carrier%3Cbr%3E%3Cbr%3E%E3%80%80The+freight+market+for+LR+%28Large+range%29+2+has+softened+in+the+Middle+East+Gulf.+The+WS+for+the+Middle+East-Japan+route+%28TC1%29+fell+from+183.33+to+158.89.+The+total+freight+rate+on+the+Middle+East-Europe+route+%28TC20%29+fell+sharply+from+%244.55+million+to+%244.04+million%2C+with+the+corresponding+TCE+falling+from+%2448%2C851+per+day+to+%2438%2C968+per+day.%3Cbr%3E%3Cbr%3E%E3%80%80The+Mediterranean-Far+East+route+%28TC15%29+was+strong%2C+with+total+freight+rates+rising+from+%243.81+million+at+the+start+of+the+week+to+%243.96+million+at+the+end+of+the+week.+However%2C+the+round-trip+TCE+remained+roughly+flat%2C+from+%2423%2C331+to+%2423%2C325.%3Cbr%3E%3Cbr%3E%E3%80%80The+LR1+continued+to+perform+weakly+in+the+Middle+East.+The+WS+for+the+Middle+East-Japan+route+%28TC5%29+weakened+from+188.75+to+180.63%2C+while+the+freight+rate+per+ton+for+the+Middle+East-Europe+route+%28TC8%29+weakened+to+%2451.43.%3Cbr%3E%3Cbr%3E%E3%80%80Europe+performed+strongly.+The+WS+for+the+ARA+%28Amsterdam%2C+Rotterdam%2C+Antwerp%29-West+Africa+route+%28TC16%29+rose+from+142.86+at+the+start+of+the+week+to+148.57+by+the+end+of+the+week.%3Cbr%3E%3Cbr%3E%E3%80%80The+MR+%28Medium+Range%29+continued+to+decline+in+the+Middle+East.+The+WS+for+the+Middle+East-East+Africa+route+%28TC17%29+fell+from+245.36+to+219.64%2C+and+the+TCE+fell+from+%2429%2C148+per+day+to+%2423%2C522+per+day.+Rates+in+Europe+were+mixed%2C+with+the+WS+for+the+ARA-US+Atlantic+Coast+route+%28TC2%29+falling+from+167.81+to+150.63%2C+and+the+TCE+falling+from+%2420%2C420+per+day+to+%2416%2C674+per+day.%3Cbr%3E%3Cbr%3E%E3%80%80The+Gulf+of+Mexico+was+strong.+The+WS+for+the+Gulf+of+Mexico-Europe+route+%28TC14%29+rose+slightly+from+%24173.57+to+%24180%2C+and+the+round-trip+TCE+rose+slightly+from+%2423%2C212+per+day+to+%2424%2C228+per+day.+The+total+freight+rate+for+the+Gulf+of+Mexico-Caribbean+route+%28TC21%29+rose+to+around+%24785%2C714+from+%24782%2C143%2C+while+the+TCE+fell+to+%2427%2C986+per+day+from+%2428%2C171+per+day.+The+total+freight+rate+for+the+Gulf+of+Mexico-Chile+route+%28TC24%29+increased+from+%242.3+million+to+%242.33+million.%3Cbr%3E%3Cbr%3E%E3%80%80The+Atlantic+Triangulation+Basket+TCE+fell+to+%2435%2C823+from+%2436%2C632.%3Cbr%3E%3Cbr%3E%E3%80%80For+Handymax%2C+the+Mediterranean+route+%28TC6%29+fell+to+WS180.56+and+the+TCE+was+%2420%2C632+per+day.+The+WS+for+the+European+route+%28TC23%29+fell+from+230+to+204.44.%3Cbr%3E%3Cbr%3E%E3%80%80%28Provided+by+The+Baltic+Exchange%29%3Cbr%3E%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%B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