Shipping Daily-06/04/2026

Research evidence excerpt

Shipping Daily-06/04/2026

0 629 -0.1% 7.2%

producer Broadcom after US close last night. Futures also pointing down UltramaxMarket indicators: Last 6 days " Last$20 price006 1-day0.4%ch. Week$19 740ago 1-week1.3%ch. 1-month4.5% ch.

this morning. Shipping equities were mostly negative, with a few Liner- Iron ore import price (China) USD/ton $104.0 -1.6% $105.5 -1.4% -4.9%

exceptions. Tanker names continue to drift, with the net cash names BalticCommodityDry Indextrade (monthly) Last 6 months Index Last3 124data Month-2.5%ago 1-month3 124 ch. Year0.0%ago 1-yr10.3%ch.

STNG and TNK outperforming yesterday. ChinaChina ironcoal oreimportsimports mtons" 103.933.1 104.739.1 -15.3%-0.8% 103.137.8 -12.6%0.7%

Last 1-day 1-week 1-month

Posidonia: One key take-away this year LPG:VLGC: Middle East - Asia 6 days USD/day Yesterday$187 883 change-3.0% % Week$200 402ago change-6.2% % change#DIV/0!%

• 45,000 shipping delegates have descended on Athens for Posidonia. The VLGC:MarketUSGoMindicators:- Asia Last 6- days " Last$166price090 1-day2.6%ch. Week$199 509ago 1-week-16.8%ch. 1-month-2.8% ch.

mood is buoyant – strong earnings and broad-based ship value appreciation JapanMt. Belvieu1M fwdspotpropanepropane USD/ton" $741$436 -1.8%0.3% $760$423 -2.5%3.2% -3.9%-8.7%

have seen to that. The dominant talking point this year? Chinese yard capacity Japan spot naphtha " $807 3.7% $841 -4.1% -20.7%

and tanker ordering. Without exception, every conversation circled back to CommoditySaudi Arabia tradespot propane(monthly) Last 6 months " Last$690data Month1.4%ago 1-month$760 ch. Year-9.2%ago 1-yr-4.6%ch.

this – with Hengli singled out for delivering ahead of schedule and, crucially, IndiaJapanLPGLPGimportsimports mtons/month" 0.80.7 0.90.8 -11.6%-13.5% 0.71.6 -56.6%14.9%