Shipping Daily-06/05/2026

Research evidence excerpt

Shipping Daily-06/05/2026

2.7%

end the war – with Ukraine ready for a ‘complete ceasefire’ while UltramaxMarket indicators: Last 6 days " Last$20 price020 1-day0.1%ch. Week$19 835ago 1-week0.9%ch. 1-month4.1% ch.

negotiations would be ongoing. Asian markets are mostly down this Iron ore import price (China) USD/ton $102.0 -1.9% $105.4 -3.2% -6.8%

morning, as are US futures. Oil is flattish, with the US – Iran peace or no BalticCommodityDry Indextrade (monthly) Last 6 months Index Last3 037data Month-2.8%ago 1-month3 226 ch. Year-5.9%ago 1-yr7.2%ch.

peace tumble still ongoing. Shipping equities mostly softer, though ChinaChina ironcoal oreimportsimports mtons" 103.933.1 104.739.1 -15.3%-0.8% 103.137.8 -12.6%0.7%

Liner-sentiment was very firm with Maersk up more than 8%. Last 1-day 1-week 1-month

LPG: 6 days Yesterday change % Week ago change % change %

VLGC: Middle East - Asia USD/day $199 721 6.3% $202 323 -1.3% #DIV/0!

Car carriers: TC rates still firm VLGC: USGoM - Asia - " $164 441 -1.0% $176 799 -7.0% -5.9%

Market indicators: Last 6 days Last price 1-day ch. Week ago 1-week ch. 1-month ch.

• The car carrier market continues to show strength, with anecdotal talk of JapanMt. Belvieu1M fwdspotpropanepropane USD/ton" $716$427 -3.4%-2.0% $768$433 -6.8%-1.4% -10.6%-7.1%

firmer asset values and rising TC-rates. VesselsValue report that a 2012-built Japan spot naphtha " $773 -4.2% $836 -7.5% -24.1%

5k CEU ship has been taken on a 6-month timecharter (likely Volgswagen) at CommoditySaudi Arabia tradespot propane(monthly) Last 6 months " Last$679data Month-1.6%ago 1-month$753 ch. Year-9.7%ago 1-yr-6.1%ch.

$55,000/day. For the Chinese owner of the ship, this couldl imply $9 – 10m of IndiaJapanLPGLPGimportsimports mtons/month" 0.80.7 0.90.8 -11.6%-13.5% 0.71.6 -56.6%14.9%