Shipping Daily-07/01/2026

Research evidence excerpt

Shipping Daily-07/01/2026

rperforming, and now back to more normal UltramaxMarket indicators: Last 6 days " Last$21 price076 1-day0.0%ch. Week$21 552ago 1-week-2.2%ch. 1-month5.3% ch.

NAV-valuations with product tanker names at decent discounts. Hafnia IronBalticoreDryimportIndexprice (China) USD/tonIndex 2$99.0501 0.4%0.2% 2$97.4667 -6.2%1.6% -22.4%-5.6%

fell sharply yesterday as Mikael Skov will retire as CEO – we note Commodity trade (monthly) Last 6 months Last data Month ago 1-month ch. Year ago 1-yr ch.

speculation re: TORM, we do not believe this is anything else than what ChinaChina ironcoal oreimportsimports mtons" 97.733.3 103.933.1 -5.9%0.5% 98.136.0 -0.4%-7.7%

the company says; a natural succession after 16 years of hard work. Last 1-day 1-week 1-month

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

VLGC: Middle East - Asia USD/day $249 733 21.5% $233 265 7.1% #DIV/0!

Drybulk: Cosco with order for 24x bulkers with delivery in 2029 – 30 VLGC:MarketUSGoMindicators:- Asia Last 6- days " Last$80 price851 1-day1.6%ch. Week$85 138ago 1-week-5.0%ch. 1-month-51.3%ch.

• Cosco has again been making waves in the newbuilding market, this time with Mt.JapanBelvieu1M fwdspotpropanepropane USD/ton" $386$591 -0.2%2.3% $378$564 1.9%4.8% -19.1%-8.4%

an order for 24x bulkers – comprised of 20x 87k dwt grain carriers and 4x JapanSaudi Arabiaspot naphthaspot propane "" $668$580 -0.6%1.7% $667$589 -1.5%0.1% -14.2%-15.0%

210k dwt newcastlemaxes. All the ships will be built at domestic yards (e.g., Commodity trade (monthly) Last 6 months Last data Month ago 1-month ch. Year ago 1-yr ch.

Dalian and Qingdao), with delivery in 2029 – 30 JapanIndia LPGLPGimportsimports mtons/month" 0.91.1 0.80.7 65.0%5.0% 0.91.7 -31.8%1.0%