Weekly detailed analysis of world shipping freight markets for all major routes for August 25 - September 1, 2025.
Capesize (Atlantic and Pacific)
Market closed the week recovering part of losses of mid week. Tubarao/Qingdao ended at $ 24.48 and C5 at $ 10.20. Atlantic activity was also subdued for showed some sign of stabilisation with C3 gaining almost half a cent. Anglo is reported one cape for Saldanha Bay to Qingdao at $ 18,55 and on Australia Rio Tinto fixed a tbn for 170.000/10 iron ore from Teluk Rubiah to Qingdao in th mid/high $ 7.00'.
Panamax (Atlantic and Pacific)
Last week mkt has started very slow, just a few fixtures were reported. Towards the end of it the amount af fixtures reported has multiplied. ECSA fh was the main route fr amount of fixtures reported, with a big gap with other Atlantic routes. An 82k dwt built in 2016 was reported to be fxd at usd 17,500+750k fr e trip to s/j rge via ecsa A 81k kmx 16 blt was reported fixd at usd 14,500 retro honk kong fr a trip via ecsa with redel in the s/j rge A 75k dwt 2012 blt open in hazira was fxd fr a trip to s/j rge via ecsa at usd 16k A 81k dwt built in 2012 and open in lisbon was fxd at usd 20k fr a trip via ncsa with redel in the skaw-gib rge A 2015 built kmx open in ghent was fxd fr a trip via usec with redel in the skaw-gib rge at usd 20,500.
The Pacific market softened last week due to an uptick in available tonnage, though the decline has not been significant. Sentiment suggests that once the current wave of excess supply eases, conditions are likely to stabilize. Reported Fixtures: Aom Bianca (81,791 dwt, 2017, scrubber) – HK 31 Aug/1 Sep, tct via Indonesia, redel India, $14,000 – Tongli Dolphin 76 (74,133 dwt, 2002) – Putian 4/9 Sep, tct via Indonesia, redel S China, $10,250 cnr AE Jupiter (74,476 dwt, 2007) – HK 29 Aug, tct via Indonesia, redel S China, $12,000 cnr.
Handy (North Europe/Black Sea/Mediterranean)
Supramax in Cont: A firm week overall. Scrap demand kept fixtures in the low $20k’s, while WAF and FH enquiry also picked up, giving the region more balance. Some operators covered with HMXs, which lent support to smaller sizes. With UMXs achieving around $30k for TA/FH ex USG, the ballast argument remains solid and tonnage stays tight in the Cont. Handy in Cont: After the surge of the previous week, the market started quietly with both sides waiting to see where things would settle. Even with a growing tonnage list, steady cargo has kept levels broadly steady. The real test will come early September as several vessels open up – whether demand matches that supply will decide if levels can hold.
This week, the Black Sea market remained stable and in line with last week'slevels. A significant boost came from the continental and Baltic markets, which, given the favourable numbers, attracted vessels in the Western Mediterranean, reducing available tonnage in Mediterranean The handysize vessel for intermed are still fixing around the 11,000 usd bss canakkale. The trip to East Coast south america and to Us Gulf improved to usd 10,500 for trip to Us Gulf and around usd 8,500 for trip to East Coast South America. The tess 58 Supramaxes for intermed are at 16,000. For the transatlantic route to US Gulf for the Ultramaxes are now at usd 14,000 pd The route to Far East improved to to usd 19/19,500 for the ultramaxes and usd 18/18,500 for the supramaxes.
Handy (USA/N.Atlantic/Lakes/S.America)
Market at usg was firm on handy/supramax. On Handy there was mentioned that 35000 dwt was fixed at usd 25000 for tct with sulphur to west med. Therefore on same size, level was in the upper 20's for fhaul. Ref Supramaxes and Ultramaxes there was mentioned that one nice 63000 dwt it was fixed at usd 35000aps/dop for pcoke to India On the t/a it was mentioned that a 61k dwt was fixed at usd 27500 aps usg tct to continent with clean cargo.
Handies rates in EcsAm were still on a strong uptrend from last weeks on Ta route, on bigger units the rates had the same trend of handieslast weeks. On Handies TA rates from Ecsam to Cont were ard $20,500/d, while routes to Med were ard $22,000/d, a 39k dwt built 23 fixed a trip from Fazedinha to Morocco at $22,000/d. Smx rates on TA from W Africa via ECSAm to Cont were around $19,500 level for Supramax tonnage, while on fronthaul from W Africa via ECSAm to China were around $16,250/d level. On Umx rates a Ta from W Africa via ECSAm to Cont were around $17,000/d level for Ultramax tonnage, while on fronthaul from W Africa via ECSAm to China were around $20,000/d level.
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