日本海事新聞ニュース Japan Maritime Daily Jan 21, 2026 (Wed)

Baltic Weekly Report: VLCC and Product Tanker Rates Soar as Capesize Faces Pressure

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

　■ Capesize　The market has endured a tough week. Sentiment on many routes steadily weakened, and rat ・・・ 続きはログインして下さいnext %E3%80%80%E2%96%A0+Capesize%3Cbr%3E%E3%80%80The+market+has+endured+a+tough+week.+Sentiment+on+many+routes+steadily+weakened%2C+and+rates+fell.%3Cbr%3E%E3%80%80In+the+Pacific%2C+resource+companies+maintained+stable+charter+activity+and+generally+healthy+operations%2C+but+this+was+not+enough+to+counter+growing+downward+pressure+from+open+tonnage.%3Cbr%3E%E3%80%80The+Western+Australia-China+route+%28C5+route%29+remained+weak+throughout+the+week%2C+with+freight+rates+gradually+falling+from+the+high+%247s+to+the+low+%247s+per+ton.+However%2C+there+were+signs+of+improvement+by+the+end+of+the+week.%3Cbr%3E%E3%80%80In+the+Atlantic%2C+the+southern+Brazil%2FWest+Africa-China+routes+deteriorated+sharply+in+the+middle+of+the+week%2C+with+freight+rates+on+the+Brazil-China+route+%28C3+route%29+falling+from+the+low+%2420s+per+ton+to+around+%2419.+This+was+mainly+due+to+weak+demand+and+more+competitive+offers+weighing+on+sentiment.%3Cbr%3E%E3%80%80However%2C+on+Thursday%2C+signs+of+stabilization+began+to+appear%2C+with+sentiment+improving+as+the+price+appeared+to+have+bottomed+out+in+the+low+%2419+range+per+ton.%3Cbr%3E%E3%80%80Meanwhile%2C+in+the+North+Atlantic%2C+both+the+fronthaul+%28Atlantic-Pacific%29+and+transatlantic+trade+routes+saw+significant+declines%2C+dampening+sentiment.+However%2C+towards+the+weekend%2C+expectations+of+improved+supply+and+demand+in+transatlantic+trade+spread%2C+and+the+market+regained+stability.%3Cbr%3E%E3%80%80%E2%96%A0+Panamax%3Cbr%3E%E3%80%80After+a+cautious+start%2C+transatlantic+trade+saw+a+contrast+between+cheap+ore+shipments+and+firm+grain+shipments.+Meanwhile%2C+demand+for+fronthaul+services+provided+solid+support.%3Cbr%3E%E3%80%80There+was+still+a+large+tonnage+supply+around+Europe.+Therefore%2C+although+there+was+some+demand%2C+the+increase+was+limited.+Downward+pressure+on+spot+prices+continued+mid-week%2C+while+transatlantic+grain+trades+fetched+a+small+premium.%3Cbr%3E%E3%80%80New+ships+were+seen+targeting+long-distance+routes+to+the+Pacific+Ocean%2C+against+the+backdrop+of+increased+demand+on+the+east+coast+of+South+America+and+strong+performance+in+Indonesia.%3Cbr%3E%E3%80%80The+mood+for+period+charters+was+somewhat+brighter+as+medium-+to+long-term+negotiations+remained+strong.+By+Thursday%2C+sentiment+had+improved+across+all+basins%2C+with+narrowing+discounts+in+the+Atlantic%2C+active+fronthaul+trading+and+a+solid+outlook+in+the+Pacific.%3Cbr%3E%E3%80%80This+improvement+was+also+reflected+in+the+average+rate+for+the+five+major+routes%2C+which+recovered+to+%2413%2C120+toward+the+weekend.%3Cbr%3E%E3%80%80%E2%96%A0+Supramax%3Cbr%3E%E3%80%80In+the+Atlantic%2C+new+inquiries+have+increased%2C+particularly+from+the+Gulf+of+Mexico%2C+further+tightening+the+already+tight+supply+and+demand+for+tonnage.%3Cbr%3E%E3%80%80For+Ultramax%2C+daily+prices+were+in+the+low+%2420%2C000+range+on+transatlantic+routes.+There+still+has+not+been+much+activity+in+the+South+Atlantic%2C+and+a+deal+for+a+63%2C000-dwt+%28Type+63%29+vessel+was+closed+for+a+voyage+to+Southeast+Asia+at+a+daily+rate+in+the+low+%2414%2C000+range+plus+a+ballast+bonus+in+the+low+%24400%2C000+range.+The+Europe-Mediterranean+route+was+still+positional%2C+but+there+was+some+good+demand+from+Europe.%3Cbr%3E%E3%80%80Asia+remained+fairly+sluggish+from+the+shipowner%E2%80%99s+perspective%2C+but+there+was+a+sense+that+it+had+reached+a+low+point+towards+the+weekend.+A+contract+for+a+Type+58+was+concluded+for+the+transport+of+clinker+between+China+and+Bangladesh+at+a+daily+rate+of+mid-%2413%2C000s.+There+was+little+new+momentum+in+the+Indian+Ocean.+There+was+a+contract+for+a+Type+58+delivery+Salalah+%28Oman%29+to+the+west+coast+of+India+concluded+at+a+daily+rate+in+the+mid-%2415%2C000s.%3Cbr%3E%E3%80%80%E2%96%A0+Handysize%3Cbr%3E%E3%80%80It+was+a+sluggish+week+from+start+to+finish%2C+with+vessel+supply+continuing+to+exceed+demand+in+both+areas+and+overall+fundamentals+remaining+weak.+In+Europe+and+the+Mediterranean%2C+charter+activity+was+largely+positional%2C+with+limited+new+inquiries+and+rates+remaining+at+or+slightly+below+recent+levels.%3Cbr%3E%E3%80%80A+contract+for+a+Type+34+from+Varna+%28Bulgaria%29+to+Europe+was+concluded+at+a+daily+rate+of+about+%249%2C000.+There+were+some+signs+of+stabilization+in+the+South+Atlantic%2C+with+some+shipowners+beginning+to+revise+rates+upwards%2C+but+overall+activity+remained+subdued.%3Cbr%3E%E3%80%80It+was+reported+that+a+contract+for+a+West+Africa+free+Type+36+from+Recalada+%28Argentina%29+to+Algeria+was+concluded+at+a+daily+rate+of+%2417%2C000.%3Cbr%3E%E3%80%80The+Gulf+of+Mexico+continued+to+be+in+a+tough+situation+and+remained+weak+due+to+a+lack+of+new+cargoes+and+a+long+tonnage+list.+A+contract+for+a+Type+40+from+the+Mississippi+River+to+the+east+coast+of+Mexico+was+concluded+at+a+daily+rate+of+%2415%2C500.%3Cbr%3E%E3%80%80The+Asian+market+also+remained+quiet%2C+with+limited+cargo+supply+weighing+on+sentiment.+In+particular%2C+on+the+Southeast+Asia-North+Asia+route%2C+a+slightly+longer+tonnage+list+exerted+slight+downward+pressure%2C+but+overall+prices+remained+near+the+most+recent+contract+levels.+It+was+reported+that+a+contract+for+a+Type+40+from+Rizhao+%28China%29+to+the+west+coast+of+India+was+concluded+at+a+daily+rate+of+%2410%2C000.+Period+charters+saw+sporadic+activity%2C+with+several+short-term+contracts+reported.%3Cbr%3E%E3%80%80%E2%96%A0+VLCC+%28Very+Large+Crude+Carrier%29%3Cbr%3E%E3%80%80All+routes+have+recovered+steadily.+Freight+rates+for+the+Middle+East-China+route+%28TD3C+route%29+surged+by+34+points+to+WS+%28Worldscale%29+112.17%2C+with+the+round-trip+TCE+%28charter+rate+equivalent%29+reaching+%2496%2C338+per+day.%3Cbr%3E%E3%80%80In+the+Atlantic+market%2C+which+was+the+main+driver%2C+the+West+Africa-China+route+%28TD15%29+rose+by+nearly+36+points+to+WS113.19%2C+with+a+round-trip+TCE+of+%2496%2C700+per+day.%3Cbr%3E%E3%80%80The+total+freight+rate+for+the+Gulf+of+Mexico-China+route+%28TD22%29+also+increased+significantly+by+%244.25+million+to+%2414%2C326%2C778%2C+with+a+round-trip+TCE+of+%2499%2C000+per+day.+However%2C+there+remains+uncertainty+as+to+whether+this+level+will+be+maintained.%3Cbr%3E%E3%80%80%E2%96%A0+Product+carrier%3Cbr%3E%E3%80%80The+freight+market+for+LR+%28Large+range%29+2+has+risen+for+two+consecutive+weeks+in+the+Middle+East.+The+WS+for+the+Middle+East-Japan+route+%28TC1%29+rose+by+34.17+points+to+216%2C+and+the+corresponding+round-trip+TCE+rose+by+%2410%2C000+per+day+to+%2453%2C600.+The+total+freight+rate+for+the+westbound+Middle+East-Europe+route+%28TC20%29+improved+by+%24331%2C000+to+%244.65+million.+The+Mediterranean-Far+East+route+%28TC15%29+saw+a+slight+increase%2C+with+total+freight+rising+by+%24142%2C000+to+%244.39+million.%3Cbr%3E%E3%80%80The+LR1+also+performed+well+in+the+Middle+East%2C+with+the+WS+for+the+Middle+East-Japan+route+%28TC5%29+rising+from+191+to+226.+The+total+freight+rate+for+the+westbound+Middle+East-Europe+route+%28TC8%29+closed+at+%243.62+million%2C+up+%24314%2C000.+The+LR1+in+Europe+remained+flat+this+week%2C+with+the+WS+for+the+ARA+%28Amsterdam%2C+Rotterdam%2C+Antwerp%29-West+Africa+route+%28TC16%29+remaining+around+150.%3Cbr%3E%E3%80%80The+MR+%28Medium+Range%29+has+soared+in+the+Middle+East.+The+WS+for+the+Middle+East-East+Africa+route+%28TC17%29+rose+by+55+points+to+292%2C+with+the+round-trip+TCE+reaching+%2432%2C000+per+day.+Europe+was+slightly+higher.+The+WS+for+the+ARA-US+Atlantic+Coast+route+%28TC2%29+rose+by+5+points+from+the+previous+week+to+121%2C+and+the+round-trip+TCE+rose+to+just+under+%247%2C000+per+day.%3Cbr%3E%E3%80%80The+bull+market+continued+in+the+Gulf+of+Mexico.+The+latest+WS+for+the+Gulf+of+Mexico-Europe+route+%28TC14%29+was+up+15+points+to+204%2C+with+the+round-trip+TCE+at+%2424%2C400+per+day.+The+total+freight+rate+for+the+Gulf+of+Mexico-Caribbean+route+%28TC21%29+rose+by+%2428%2C500+to+%24850%2C000.%3Cbr%3E%E3%80%80The+Atlantic+Triangulation+Basket+TCE+rose+to+%2432%2C000+from+%2429%2C200+a+day.%3Cbr%3E%E3%80%80Handymax+rebounded+sharply+on+the+Mediterranean+route+%28TC6%29%2C+with+WS+up+68+points+to+222+at+the+time+of+writing+and+the+round-trip+TCE+up+158%25+to+%2431%2C400+per+day.+The+WS+for+the+European+route+%28TC23%29+rose+16+points+to+167.%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%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

【Weekly市況リポート】(1月12―16日)LR2型、中東で続伸

2026/01/21(水)

日本海事新聞 JMD

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