Iron ore rates on the West Australia / China route continued throughout  Week 32 at low-mid 8.00’s fio level. No period activity to report here. North Pacific rounds ranged at the usd 9,000/11,000 pd. A number of Indonesian and Australian trips into China were reported at the level of usd 6,000/8,000 pd. Indonesian trips into India were fixed around usd 7,000/10,000 pd. In

Ibaizabal Tankers have committed their Suezmax “Monte Toledo” 150/2004 Universal, Japan (SS/DD 05/2024, BWTS & Scrubber fitted) to undisclosed buyers for region USD 35 mill. For reference, the one-year-younger Korean built “Sonangol Kassanje” 158/2005 Daewoo, Korea (SS/DD 06/2025, BWTS fitted) was sold back in June at USD 37 mill. The LR1 sister vessels “Mandala” 6

Following the sale of the Ultramax “Nord Everest” 60/2016 Oshima, Japan (SS 05/2026, DD 06/2024, BWTS fitted) a week ago at USD 24,5 mill, Mssrs Norden have now sold the younger “Nord Amazon” 64/2020 Oshima, Japan (SS/DD 07/2025, BWTS & Scrubber fitted) to Greek buyers for region USD 32 mill. The Handysize “Tomini Norte” 38/2016 Avic, China (SS 09/2026, DD 12/20

News Brief: Shipbuilding News: * YZJ downsizes and sells assets * HHIC delays delivery of two boxships * HHI hires new workers in 2H * DSME moves Seoul workers to Geoje * Korea won eight NBs in August * Wisdom orders 63K BC duo from Imabari * Oshima penetrates in feeder boxship sector Shipping News: * South Korea court asks Hanjin Shipping creditor for funds

News Brief: Shipbuilding News: * Torm raises funds for LR2 tanker quartet * KDB to Finalize SHI’s Self-Rescue Plan This Week * HHIC to turn black, first in three years * HHI in talks with HMC, Meritz to sell securities unit * NB investment “lowest in 35 years” Shipping News: * Hanjin Shipping to Sell Vietnamese Terminal St