USDPMT

Validation

38k Ecsa/Med — Andy 23Jul2026 12:26:29

10001 - Santos/Casablanca 🔓

Baltic 38k HS3 (Ecsa/Cont): 42006

APS Hire

20,000

APS BB

0K

APS Rate

34.27

Date Base Percent Absolute TCE Voyage Offers
2hJul 16,315 45.00 -1,078.45 22,500 38.57 38.48 - Mkt
1hAug 16,458 22,363 38.22
2hAug 16,600 22,070 37.68
Sep 16,700 22,215 37.34
Oct 16,500 22,175 36.91
Nov 16,100 22,345 36.86
Dec 16,100 22,345 36.68
Jan 12,650 21,343 35.05
Feb 12,650 20,343 33.92
Mar 12,650 20,343 33.92
Apr 14,100 21,445 34.91
May 14,100 21,445 34.91
Jun 14,100 21,445 34.91
Jul 13,250 20,213 33.59
Spot Spreads Absolute TCE
38k dwt / 34k dwt (not in use) 0 22,500
Ecsa - Nbrazil/SBrazil loading -1,125 21,375
Usg - Baltic or Bsea/Med Redel 0 22,500
Ecsa - Feast/Med -1,125 21,375
Ecsa - Durban/Med -1,125 21,375
Ecsa - Nopac/Feast redel -2,250 20,250
28dwt/34dwt -1,125 21,375
Ecsa - Waf/Med 3,375 25,875
Ecsa - Waf / Ecsa loading -4,500 18,000
Ice Ice Baby 0 22,500
Ecsa - Usg / Med redel -1,800 20,700
Cement Premium 2,250 24,750
Ecsa - Usec/Med redel -225 22,275
Usg - Argentina / Med -1,125 21,375
Russia Premium 11,250 33,750
Laker 3,375 25,875
Ecsa - Wcca/Med 5,625 28,125
Ecsa - Venezuela 3,375 25,875
Libya redel 3,375 25,875

38k Usg / Med — Andy 26Jul2026 04:18:45

10002 - New Orleans/Casablanca 🔓

Baltic 38k HS4 (Usg/Cont): 30693

APS Hire

23,250

APS BB

525K

APS Rate

58.92

Date Base Percent Absolute TCE Voyage Offers
2hJul 16,315 45.00 -2,642.25 21,000 43.53 40.90 - Mkt 42.82 - Mkt
1hAug 16,458 21,763 44.16
2hAug 16,600 22,870 44.98
Sep 16,700 23,815 45.50
Oct 16,500 24,925 46.48
Nov 16,100 25,345 46.51
Dec 16,100 25,345 46.90
Jan 12,650 20,843 41.66
Feb 12,650 20,343 41.11
Mar 12,650 20,843 41.36
Apr 14,100 22,945 43.16
May 14,100 22,945 43.16
Jun 14,100 22,945 43.16
Jul 13,250 21,713 41.58
Spot Spreads Absolute TCE
Usg - Norfolk / Usg Delivery -630 20,370
38k dwt / 34k dwt (not in use) 0 21,000
Usg - North China / Med 2,100 23,100
Usg - Usg/Med Redel -1,050 19,950
Usg - Baltic or Bsea/Med Redel 0 21,000
Usg - Wcca/USG Loading FH -4,200 16,800
28dwt/34dwt -1,050 19,950
Usg - Wcca/Med 5,250 26,250
Ice Ice Baby 0 21,000
Usg - Cuba/Usg Loading 8,400 29,400
Usg - Wcca/USG Loading TA -4,200 16,800
Cement Premium 2,100 23,100
Usg - Wcca load premium -4,200 16,800
Israel premium 4,200 25,200
Usg - Argentina / Med -1,050 19,950
Russia Premium 10,500 31,500
Laker 3,150 24,150

38k Bsea/Med — Andy 21Jul2026 10:49:14

10003 - Nikolayev/Casablanca 🔓

Baltic 38k 6tc: 31948

APS Hire

0

APS BB

0K

APS Rate

0.00

Date Base Percent Absolute TCE Voyage Offers
2hJul 16,315 -10.00 -3,291.00 12,000 27.58
1hAug 16,458 11,812 27.27
2hAug 16,600 12,690 27.95
Sep 16,700 13,530 28.29
Oct 16,500 13,850 28.18
Nov 16,100 13,490 27.52
Dec 16,100 13,490 27.24
Jan 12,650 12,385 25.93
Feb 12,650 11,885 25.47
Mar 12,650 11,885 25.47
Apr 14,100 13,190 26.31
May 14,100 13,190 26.31
Jun 14,100 13,190 26.31
Jul 13,250 12,425 25.39
Spot Spreads Absolute TCE
38k dwt / 34k dwt (not in use) 0 12,000
28dwt/34dwt -600 11,400
Bsea - West Med/Bsea loading -600 11,400
Ice Ice Baby 0 12,000
Bsea - Waf/West Med Redel 1,200 13,200
Cement Premium 1,200 13,200
Bsea - FE/W Med 1,800 13,800
War Risk Premium 2,400 14,400
Russia Premium 6,000 18,000
Bsea - Usg / Med redel -1,200 10,800

38k Saf/Feast — Andy 21Jul2026 10:52:13

10005 - Durban/Zhanjiang 🔓

Baltic 38k 6tc: 31948

APS Hire

12,000

APS BB

0K

APS Rate

26.02

Date Base Percent Absolute TCE Voyage Offers
2hJul 16,315 25.00 -2,556.25 18,500 37.96
1hAug 16,458 18,572 37.76 33.59 - Mkt
2hAug 16,600 18,750 37.19
Sep 16,700 19,375 37.33
Oct 16,500 20,625 38.41
Nov 16,100 20,125 37.55
Dec 16,100 20,125 37.21
Jan 12,650 16,563 33.08
Feb 12,650 16,563 33.08
Mar 12,650 16,563 33.08
Apr 14,100 18,375 34.79
May 14,100 18,375 34.79
Jun 14,100 18,375 34.48
Jul 13,250 17,313 33.24
Spot Spreads Absolute TCE
38k dwt / 34k dwt (not in use) 0 18,500
Sea - Sea/Feast -370 18,130
28dwt/34dwt -925 17,575
Ice Ice Baby 0 18,500
Cement Premium 1,850 20,350
Russia Premium 9,250 27,750

38k Sea/Feast — Andy 21Jul2026 10:52:21

10006 - Laemchabang/Rizhao 🔓

Baltic 38k HS5 (Sea Rv): 31119

APS Hire

0

APS BB

0K

APS Rate

0.00

Date Base Percent Absolute TCE Voyage Offers
2hJul 16,315 -5.00 1,859.50 17,000 23.59
1hAug 16,458 16,885 23.32
2hAug 16,600 16,770 23.06
Sep 16,700 16,865 22.70
Oct 16,500 16,675 22.23
Nov 16,100 16,295 21.73
Dec 16,100 16,295 21.57
Jan 12,650 12,518 18.50
Feb 12,650 12,518 18.50
Mar 12,650 12,518 18.50
Apr 14,100 13,895 19.33
May 14,100 13,895 19.33
Jun 14,100 13,895 19.33
Jul 13,250 13,088 18.54
Spot Spreads Absolute TCE
38k dwt / 34k dwt (not in use) 0 17,000
Sea - Thai load 0 17,000
Sea - Sea/Feast -340 16,660
Sea - Aussie/Sea loading -1,700 15,300
Sea - India / Sea loading 0 17,000
28dwt/34dwt -850 16,150
Ice Ice Baby 0 17,000
Cement Premium 1,700 18,700
Russia Premium 8,500 25,500
AFF Premium 850 17,850
Feast- Aussie/PNW loading -1,700 15,300

38k Sea/Cont — Andy 21Jul2026 10:40:55

10007 - Laemchabang/Varna 🔓

Baltic 38k 6tc: 31948

APS Hire

23,000

APS BB

0K

APS Rate

54.15

Date Base Percent Absolute TCE Voyage Offers
2hJul 16,315 0.00 140.75 16,000 51.89
1hAug 16,458 16,458 52.18
2hAug 16,600 16,600 52.01
Sep 16,700 16,700 51.16 40.30 - Mkt
Oct 16,500 16,500 50.06
Nov 16,100 16,100 48.92
Dec 16,100 16,100 48.50
Jan 12,650 12,650 42.90
Feb 12,650 12,650 42.90
Mar 12,650 12,650 42.90
Apr 14,100 14,100 44.47
May 14,100 14,100 44.47
Jun 14,100 14,100 44.47
Jul 13,250 13,250 42.78
Spot Spreads Absolute TCE
38k dwt / 34k dwt (not in use) 0 16,000
Bhaul - Waf/Med 2,400 18,400
Back Haul - Long duration premium 800 16,800
28dwt/34dwt -800 15,200
Ice Ice Baby 0 16,000
Sea - Saf/Sea Back Haul 2,400 18,400
Cement Premium 1,600 17,600
Sea - Backhaul - Durban/Sea Loading 2,400 18,400
Sea - Eaf/Cont redel 0 16,000
Russia Premium 8,000 24,000
Sea - Ecsa/Cont backhaul -1,600 14,400
OHBS 3,200 19,200
Sea - USEC/Cont Backhaul Redel -1,600 14,400

38k Cont/Med — Andy 21Jul2026 10:50:02

Based on: 38k Usg / Med

10004 - Rouen/Damietta 🔓

Baltic 38k 6tc: 31948

APS Hire

8,000

APS BB

5K

APS Rate

21.77

Date Base Percent Absolute TCE Voyage Offers
2hJul 21,000 14,700 29.13
1hAug 21,863 15,304 29.54
2hAug 22,570 15,799 29.84
Sep 23,715 16,601 30.04
Oct 24,925 17,448 30.28
Nov 25,345 17,742 30.08
Dec 25,345 17,742 29.69
Jan 20,843 14,590 26.40
Feb 20,343 14,240 26.08
Mar 20,843 14,590 26.40
Apr 22,945 16,062 27.23
May 22,945 16,062 27.23
Jun 22,945 16,062 27.23
Jul 21,713 15,199 26.16
Spot Spreads Absolute TCE
38k dwt / 34k dwt (not in use) 0 14,700
28dwt/34dwt -735 13,965
Ice Ice Baby 0 14,700
Cont - Usg/Med redel 0 14,700
Cement Premium 1,470 16,170
Russia Premium 7,350 22,050
Bsea - Usg / Med redel -1,470 13,230
Laker 2,205 16,905
Libya redel 2,205 16,905