日本海事新聞ニュース Japan Maritime Daily Dec 17, 2025 (Wed)

Baltic Weekly Report: Capesize Rates Plunge Amid Weak Atlantic Sentiment

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

　■ Capesize 　Sentiment continued to deteriorate gradually in both eastern and western waters. Downwa ・・・ 続きはログインして下さいnext %E3%80%80%E2%96%A0+Capesize+%3Cbr%3E%E3%80%80Sentiment+continued+to+deteriorate+gradually+in+both+eastern+and+western+waters.+Downward+pressure+on+the+average+rate+for+the+five+major+shipping+routes+increased+as+the+week+progressed%2C+falling+from+%2441%2C571+at+the+start+of+the+week+to+%2430%2C731+by+the+end+of+the+week.+%3Cbr%3E%E3%80%80Only+the+Pacific+showed+some+resilience%2C+with+resource+companies+ramping+up+chartering+activity+and+cargo+tenders+attracting+some+interest.+However%2C+this+was+insufficient+to+offset+the+decline+for+the+Western+Australia-China+%28C5%29+route%2C+where+freight+rates+fell+from+the+high+%2411s+to+the+mid-%2410s+per+ton%2C+reflecting+the+weak+Pacific+trend.+%3Cbr%3E%E3%80%80The+Brazil%2FWest+Africa-China+route+also+lost+momentum%2C+with+freight+rates+for+the+Brazil-Far+East+%28C3+route%29+falling+from+the+mid-%2425s+per+ton+at+the+start+of+the+week+to+the+high+%2421s+by+Friday.+However%2C+new+demand+emerged+by+the+weekend%2C+and+cargo+volume+improved.+%3Cbr%3E%E3%80%80The+North+Atlantic+struggled+throughout%2C+with+both+transatlantic+and+fronthaul+%28Atlantic-Pacific%29+trades+experiencing+limited+demand.+Rates+fluctuated+on+a+downward+trend.+%3Cbr%3E%E3%80%80%E2%96%A0+Panamax+%3Cbr%3E%E3%80%80Low+rates+continued%2C+particularly+in+the+Atlantic%2C+with+weak+sentiment+and+limited+charter+activity.+Asia+continued+to+come+under+downward+pressure+due+to+growing+tonnage+and+subdued+demand.+%3Cbr%3E%E3%80%80In+the+middle+of+the+week%2C+there+was+some+improvement%2C+supported+by+factors+such+as+a+tightening+of+supply+and+demand+for+immediately+available+tonnage+in+the+North+Atlantic%2C+an+increase+in+December-loading+coal+exports+from+the+US+East+Coast%2C+and+momentum+for+splitting+Capesize+cargoes+into+Panamax+shipments.+%3Cbr%3E%E3%80%80However%2C+this+was+not+enough+to+offset+continued+weakness+in+the+Pacific+market%2C+with+abundant+vessel+supply+and+reduced+cargo+volumes+contributing+to+lower+freight+rates+in+the+North+Pacific%2C+Australia+and+Indonesia+trades.+The+average+rate+for+the+major+routes+fell+steadily+to+end+the+week+at+%2415%2C194.+%3Cbr%3E%E3%80%80%E2%96%A0+Supramax+%3Cbr%3E%E3%80%80Overall+sentiment+remained+weak.+However%2C+there+were+some+signs+of+activity%2C+and+some+felt+the+market+was+positional.+%3Cbr%3E%E3%80%80In+the+Atlantic%2C+the+situation+was+divided.+Demand+for+transatlantic+shipping+from+the+Gulf+of+Mexico+seemed+to+remain+strong%2C+but+fronthaul+%28Atlantic-Pacific%29+demand+weakened.+For+Ultramax%2C+a+deal+of+approximately+%2430%2C000+per+day+was+closed+for+a+voyage+between+the+Gulf+of+Mexico+and+Europe.+%3Cbr%3E%E3%80%80Meanwhile%2C+demand+in+the+South+Atlantic+weakened.+There+was+information+that+a+contract+for+a+56%2C000-dwt+%28Type+56%29+vessel+from+northern+Brazil+to+the+eastern+Mediterranean+was+signed+in+the+low+%2420%2C000+range.+%3Cbr%3E%E3%80%80The+development+for+departures+from+Asia+was+somewhat+negative.+Demand+from+the+south+continued%2C+but+high+vessel+supply+kept+charter+rates+in+check.+A+Type+52+delivery+Singapore+via+Indonesia+to+Cambodia+was+contracted+for+a+price+in+the+low+%2413%2C000+range.+%3Cbr%3E%E3%80%80However%2C+demand+further+north+was+slowing+and+new+impetus+from+the+North+Pacific+was+lacking.+A+Type+63+was+contracted+for+a+trip+from+North+China+%28free%29+to+Bangladesh+for+approximately+%2416%2C000.+The+Indian+Ocean+remained+active%2C+and+rates+remained+relatively+stable.+A+deal+for+a+Type+63+was+closed+in+the+%2417%2C000+range+for+a+trip+from+the+west+coast+of+India+via+Saldanha+Bay+%28Republic+of+South+Africa%29+to+southern+China.+%3Cbr%3E%E3%80%80%E2%96%A0+Handysize+%3Cbr%3E%E3%80%80The+week+was+a+tough+one+for+this+vessel+type%2C+with+continued+downward+pressure+on+freight+rates+in+both+the+Atlantic+and+Pacific+waters.+%3Cbr%3E%E3%80%80Charter+activity+remains+limited+in+Europe+and+the+Mediterranean%2C+with+levels+slightly+lower+than+previous+levels.+It+was+reported+that+a+Type+33+was+chartered+to+transport+a+gypsum+cargo+from+Garrucha+%28Spain%29+to+Rotterdam+%28the+Netherlands%29+at+%2412%2C500+per+day.+%3Cbr%3E%E3%80%80In+the+South+Atlantic+and+the+Gulf+of+Mexico%2C+market+conditions+remained+broadly+stable.+%3Cbr%3E%E3%80%80Although+tonnage+increased+gradually%2C+some+new+demand+emerged%2C+and+freight+rates+remained+stable.+However%2C+there+was+no+significant+increase+in+cargo+volume+to+boost+the+market.+%3Cbr%3E%E3%80%80Notable+deals+included+a+Type+38+for+the+transportation+of+pig+iron+from+Rio+de+Janeiro+%28Brazil%29+to+the+east+coast+of+Mexico+for+%2421%2C500%2C+and+a+Type+40+from+Southwest+Pass+%28USA%29+to+the+east+coast+of+Mexico+for+%2423%2C000.+%3Cbr%3E%E3%80%80Across+Asia%2C+sentiment+was+weak+and+freight+rates+continued+to+soften.+%3Cbr%3E%E3%80%80A+Singapore+free+Type+42+fetched+%2412%2C000+to+transport+salt+to+Japan+via+Australia.+%3Cbr%3E%E3%80%80%E2%96%A0+VLCC+%28Very+Large+Crude+Carrier%29+%3Cbr%3E%E3%80%80The+VLCC+market+this+week+remained+stable+on+all+routes.+The+freight+rate+index+WS+%28Worldscale%29+for+the+Middle+East-China+route+rose+by+about+1.5+points+to+125.78.+This+is+equivalent+to+%24122%2C676+in+time+charter+equivalent+earnings+%28TCE%29.+%3Cbr%3E%E3%80%80In+the+Atlantic%2C+the+WS+for+the+West+Africa-China+route+fell+by+about+1.5+points+to+113.50.+The+TCE+was+%24117%2C074.+The+total+freight+rate+for+the+Gulf+of+Mexico-China+route+softened+by+about+%2426%2C000+to+%2413%2C722%2C222.+The+TCE+is+%2494%2C300.+%3Cbr%3E%E3%80%80%E2%96%A0+Product+carrier+%3Cbr%3E%E3%80%80The+freight+market+for+LR+%28Large+range%29+2+remained+almost+flat+in+the+Middle+East+Gulf.+The+WS+for+the+Middle+East-Japan+route+%28TC1%29+was+around+155%2C+and+the+corresponding+round-trip+TCE+was+%2437%2C000-%2439%2C000+per+day.+The+total+freight+rate+for+the+Middle+East-Europe+route+%28TC20%29+remained+at+just+over+%244+million.+%3Cbr%3E%E3%80%80The+total+freight+rate+for+the+Mediterranean-Far+East+route+%28TC15%29+improved+by+%2425%2C000+to+%243.99+million.+%3Cbr%3E%E3%80%80The+LR1+showed+little+change+in+the+Middle+East.+The+WS+for+the+Middle+East-Japan+route+%28TC5%29+remained+around+180%2C+and+the+total+freight+rate+for+the+Middle+East-Europe+route+%28TC8%29+increased+by+%2457%2C000+to+%243.41+million.+Europe+was+flat%2C+with+the+WS+for+the+ARA+%28Amsterdam%2C+Rotterdam%2C+Antwerp%29-West+Africa+route+%28TC16%29+rising+1.5+points+to+149.+%3Cbr%3E%E3%80%80The+Medium+Range+%28MR%29+rose+slightly+in+the+Middle+East+at+the+end+of+the+week%2C+with+the+WS+for+the+Middle+East-East+Africa+route+%28TC17%29+rising+10+points+to+230.+%3Cbr%3E%E3%80%80Europe+fell+sharply.+The+WS+for+the+ARA-US+Atlantic+Coast+%28TC2%29+was+at+136%2C+down+12.5+points%2C+and+the+round-trip+TCE+was+down+15%25+to+just+over+%2414%2C000+a+day.+%3Cbr%3E%E3%80%80The+Gulf+of+Mexico+began+to+decline.+The+WS+for+the+Gulf+of+Mexico-Europe+route+%28TC14%29+fell+from+179+to+166%2C+and+the+round-trip+TCE+fell+from+%2424%2C100+per+day+to+%2421%2C600+per+day.+The+total+freight+rate+for+the+Gulf+of+Mexico-Caribbean+route+%28TC21%29+fell+from+%24789%2C000+to+%24677%2C000.+%3Cbr%3E%E3%80%80The+Atlantic+Triangulation+Basket+TCE+fell+from+%2435%2C500+a+day+to+%2431%2C800+midweek.+%3Cbr%3E%E3%80%80For+Handymax%2C+the+WS+for+the+Mediterranean+route+%28TC6%29+remained+unchanged+at+180%2C+and+the+round-trip+TCE+was+%2420%2C000+per+day.+The+WS+for+the+European+route+%28TC23%29+was+recently+down+21+points+to+179%2C+with+the+round-trip+TCE+at+%2421%2C600+per+day.+%3Cbr%3E%28Provided+by+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%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【バルチックWeekly市況リポート】(12月8―12日)ケープサイズ急落

2025/12/17(水)

日本海事新聞 JMD

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