Weekly report

Following the recent tariff announcements by the U.S. administration and the resulting volatility in global markets, sentiment in the dry bulk sector has also been affected, leading to a softening in spot rates, most notably in the key Capesize segment, reports Breakwave Advisors. 

While the United States’ dry bulk imports constitute a small fraction of the global market (less than 1%), the potential for a broader economic slowdown resulting from new tariffs presents a...

https://mfame.guru/dry-bulk-market-navigates-tariff-uncertainty-chinas-stimulus-a-potential-offset/

• 83 sailings canceled out of 713 scheduled in East-West trades (weeks 16–20), marking a 12% blank sailing rate.

• Transpacific Eastbound trade will face the highest cancellations at 53%, followed by Asia-North Europe & Med (29%) and Transatlantic Westbound (18%).

• Weekly sailing frequency is projected at 88%, with Gemini alliance forecasted to achieve a 99% sailing rate unless further blank sailings are introduced.

Drewry’s latest Cancelled Sailings Tracker provides an overview of blank...

https://mfame.guru/weekly-cancelled-sailings-tracker-week-of-11-april-2025/

In the Western Australia shipping market, there is notable activity with both vessel operators and mining companies seeking tonnage for loading dates in late April 2025. Additionally, some operators are expressing preliminary interest and making inquiries for vessel availability in May 2025. Across other regions of the Pacific, the overall volume of cargo being offered for shipment is reported to be at a reasonably healthy level, reports Fearnleys. 

On the LPG front, specifically for C3...

https://mfame.guru/western-australia-shipping-market-heats-up-for-late-april-may-inquiries-emerge/

• LNG rates in the Atlantic basin declined sharply, while the Pacific market remained more stable, with minor gains for larger vessels.

• Pacific LNG spot rates on the Gladstone–Tokyo route showed slight improvement, suggesting a steady demand outlook in the region.

• LNG period charter rates softened, indicating growing caution among long-term charterers amid uncertain market direction.

• LPG freight rates rose across major routes, driven by sustained demand in both the Far East and Atlantic,...

https://mfame.guru/lng-market-softens-while-lpg-freight-rates-climb/

• 57 sailings were canceled across East-West trade lanes between weeks 15 and 19, with Transpacific Eastbound routes experiencing the highest share at 53%.

• Drewry’s WCI Composite Index rose 2% week-on-week to $2,208 per 40ft container, with Transpacific rates increasing by 8%, while Asia-Europe/Med and Transatlantic rates declined.

• Of the 57 planned cancellations, 30 are on Transpacific routes, with MSC and OCEAN Alliance accounting for 15, while Gemini has not yet announced any.

• Market...

https://mfame.guru/container-shipping-market-outlook/

The shipping industry is seeing a trend where ship owners may be underutilizing their potential to increase freight rates. This could be due to a lack of aggressive negotiation, and a reluctance to push for higher prices. Additionally, there is a growing presence of oil companies and traders who are now re-letting ships. These entities, with their logistical focus and potential conflicts of interest, may be contributing to rate stabilization, and even the manipulation of the market, reports...

https://mfame.guru/tanker-market-update-rates-under-pressure-negotiation-concerns-and-oil-trader-influence/

The LNG market...

https://mfame.guru/lng-lpg-market-update-rate-declines-across-key-routes/

The MEG (Middle East Gulf) LR2 market appears to have peaked in its current freight rate surge, reports Baltic Exchange. 

Rates increased at the start of the week but declined towards the end.

• Middle East Gulf to China (TD3C):
  • The 270,000 mt route saw a 10-point increase from the previous Friday, reaching WS58.75.
  • This translates to a round-trip Time Charter Equivalent (TCE) of $51,536 per day.
• West Africa to China (TD15):
  • The 260,000 mt route increased by 6.5 points week-on-week,...

https://mfame.guru/vlcc-rates-fluctuate-suezmax-and-aframax-see-varied-trends/

The LNG market continued its upward trajectory this week, with freight rates...

https://mfame.guru/lng-and-lpg-freight-markets-see-upward-momentum/

The MABUX Global bunker indices, at the end of the 12th week, displayed a lack of consistent direction, with fluctuations observed across different fuel types, reports MABUX on LinkedIn.

The MABUX Global Scrubber Spread (SS) saw a slight increase, rising by $1.49 to $80.56, but remains below the $100 breakeven point. The weekly average of the spread, however, decreased by $1.31.

In Rotterdam, the SS Spread decreased by $9.00 to $54.00, with the weekly average also...

https://mfame.guru/mabux-reports-mixed-movements-and-lng-price-increase/