HEADLINES SELECTED BY INTERCARGO (22/09/2025 – 30/09/2025)
Ship on fire in the Gulf of Aden after Houthi attack
Injured crew airlifted to French warship after second attack in a week on the ship. (TradeWinds: click here)
China takes advantage of Argentinian export tax break
Argentina’s bid to shore up its currency has offered an opportunity to Chinese traders to import its grain at more competitive prices. (Lloyd’s List: click here)
Iron ore futures fall on weak China data, but log quarterly gains
Iron ore futures prices fell on Tuesday, pressured by weak China manufacturing data… (Hellenic Shipping News Worldwide: click here)
China’s aluminium push lifts seaborne bauxite to fresh records
Chinese demand for bauxite is reshaping the dry bulk market, with imports of the aluminium ore hitting record levels in 2025 and pushing large carriers further into the spotlight. (Splash 247: click here)
Supramax drydock wave tightens supply as retrofits crowd yards
New data from broker SSY shows drydocking in the supramax and ultramax bulker sectors is reaching a peak. (Splash 247: click here)
Capesize market suffers following BHP ban rumours
Reports that China Mineral Resources Group has told traders to stop importing ore from the Australian miner have grown in recent days. (Lloyd’s List: click here)
Dry bulk entering fourth quarter with firm rate momentum
Spot rates for capesizes, panamaxes and supramaxes are all near one-year highs. Dry bulk equities continue to follow rates upward, hitting new 2025 highs earlier this week (Lloyd’s List: click here)
Dry market report – Week 39
Capesize: The Capesize market retained an overall firmer tone through the week, though momentum eased into the close… Panamax: The Panamax market began the week mostly on a firm footing with the continued bullish trend particularly in Asia… Ultramax/Supramax: Two sides of a coin over the past week for the sector, as the Atlantic remained firm whilst on the flip side the Asian arena lost further ground… Handy: Overall, it was a positive week, with rates firming across most loading regions. In the Continent–Mediterranean… (Baltic Exchange: click here)
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26.09.2025 |
19.09.2025 |
WEEKLY CHANGES |
WEEKLY CHANGE % |
Baltic Dry Index |
2,259 |
2,203 |
+56.0 |
+2.5% |
BRENT ($/bbl) |
70.1 |
66.7 |
+3.4 |
+5.2% |
WTI ($/bbl) |
65.7 |
62.7 |
+3.0 |
+4.9% |
MGO ROTTERDAM ($/mt) |
694.0 |
680.5 |
+13.5 |
+2.0% |
MGO FUJAIRAH ($/mt) |
743.5 |
729.5 |
+14.0 |
+1.9% |
MGO SINGAPORE ($/mt) |
700.0 |
673.0 |
+27.0 |
+4.0% |
VLSFO ROTTERDAM ($/mt) |
461.5 |
459.0 |
+2.5 |
+0.5% |
VLSFO FUJAIRAH ($/mt) |
497.5 |
482.0 |
+15.5 |
+3.2% |
VLSFO SINGAPORE ($/mt) |
497.5 |
485.0 |
+12.5 |
+2.6% |
IFO 380 ROTTERDAM ($/mt) |
416.5 |
398.0 |
+18.5 |
+4.6% |
IFO 380 FUJAIRAH ($/mt) |
415.0 |
388.0 |
+27.0 |
+7.0% |
IFO 380 SINGAPORE ($/mt) |
428.5 |
410.5 |
+18.0 |
+4.4% |
LSMGO ROTTERDAM, MAX 0.1% SULFUR DISTILLATE ($/mt) |
694.0 |
680.5 |
+13.5 |
+2.0% |
LSMGO SINGAPORE, MAX 0.1% SULFUR DISTILLATE ($/mt) |
700.0 |
673.0 |
+27.0 |
+4.0% |
Biofuel ROTTERDAM (B30) |
733.5 |
752.5 |
-19.0 |
-2.5% |
Biofuel FUJAIRAH (B30) |
711.0 |
695.5 |
+15.5 |
+2.2% |
Biofuel SINGAPORE (B24) |
694.5 |
685.5 |
+9.0 |
+1.3% |
EU Emissions Allowance (EUR) |
75.6 |
77.4 |
-1.8 |
-2.3% |
EUR-USD |
1.17 |
1.17 |
0.00 |
-0.4% |
GBP-USD |
1.34 |
1.35 |
-0.01 |
-0.5% |
USD-JPY |
149.57 |
147.94 |
+1.63 |
+1.1% |
USD-KRW |
1,410.00 |
1,397.00 |
+13.00 |
+0.9% |
Sources: Cnbc.com, ShipandBunker.com, Exchangerates.org.uk |
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HEADLINES SELECTED BY INTERCARGO (10/09/2025 – 21/09/2025)
Shipping bosses fear choice between two IMO devils they don’t know
Industry leaders are stuck between unease at what could go wrong if the Net-Zero Framework is adopted, and fear of what will happen if it isn’t (Lloyd’s List: click here)
