- Capesizes Show Persistent Volatility.
- Panamaxes Deliver Strong Seasonal Highs.
- Supramax and Handysize Lead With Resilience.
With summer now behind us, looking back at the past couple of years reveals a mixed bag across different vessel classes. The months of June through August, which often set the tone for the final quarter of the year, showcased ongoing volatility for Capesizes, steady strength for Panamaxes, and impressive resilience in geared vessels like Supramaxes and Handysizes, reports efoplistes news.
Capesize Volatility Persists
Capesizes struggled once again to keep their momentum going, kicking off 2025 at USD 19,000/day, hitting a high of USD 31,700/day in July, but ultimately closing around USD 24,000/day. This pattern of sharp fluctuations mirrors what we saw in 2023 and 2024.
Panamaxes End on Seasonal Highs
Panamax rates demonstrated stability and strength, climbing from USD 10,000/day in June to USD 16,800/day by late August, wrapping up the season at levels we haven’t seen in the past three years.
Supramaxes and Handysizes Stay Resilient
Supramaxes experienced a significant jump from USD 12,000/day to USD 18,400/day, marking their strongest summer yet, while Handysizes rose from USD 10,779/day to USD 13,600/day, finishing August on solid ground.
China’s Coal Market Shapes Demand
China’s coal production increased by 5.4% in the first half of 2025, which limited imports, but heavy rains and regulatory pressures in July led to a 3.8% drop in production. This shift boosted seaborne coal demand, particularly benefiting Panamax and smaller geared vessels, which ended the summer on a high note.
Dry Bulk Sale & Purchase Activity Firm
The Capesize “Karadeniz Powership Rauf Osman Bey” (208K/2010) was sold to Chinese buyers for just under USD 33 million, while the Post-Panamax “Costanza” (93K/2010) went for USD 16.1 million. Kamsarmax sales included “Sea Venus” (2013) for USD 16.5 million and “Sea Orpheus” (2015) at USD 18.5 million. Ultramax and Supramax vessels saw transactions in the USD 11 million to 32 million range, with strong interest from buyers across various age groups.
Tanker Market Highlights Larger Classes
VLCC “Monaco Loyalty” (307K/2007) changed hands for low USD 40m, while Suezmax units “Sofia” (2010) and “Constantios” (2009) sold for similar levels. MR2 tanker “Hafnia Nordica” (2010) fetched low USD 20m, and Koreans acquired the small tanker “Condor Trader” (2016) for USD 28.8m.
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Source: efoplistes news
