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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 02 of 2019 (listed alphabetically):
07th January – 11th January 2019 | Week 02
Given the poor performance noted in the market as of late, a hefty amount of skepticism now prevails, with most now looking to decide where to put their faith in next. Yet it may well be worth taking a closer look at what we have seen in the market lately in order to get a better grip of what we face moving forward. 2018 was an overall positive year for the dry bulk sector, with most size segments seeing their average index figures significantly boosted, when compared to 2017. More specifically, the y-o-y improvement was 0.1%, 18.8%, 21.75%, 13.72% respectively for the Capesize, Panamax, Supramax and Handysize markets. Even if the 17.4% increase on the annual average of the BDI would not be seen by most as good enough, a 20% decrease in the standard deviation (as a measure of volatility) seems to…..
Source: Allied ShipBroking
Week 02 | 11th January 2018
A Gulf in Class?
It is fair to say the US crude exports have transformed the global oil markets since the crude export ban was lifted by Congress at the end of 2015. Crude exports have risen at a considerable rate, placing the US in the market as a major exporting player. Whilst OPEC have been busy cutting production, the Americans have been steadily increasing their market share. However, the question is; can production continue to rise at this pace?
Latest figures suggest the trend won’t stop in 2019, the consensus is that US exports will rise to almost 3 million b/d this year, with most of the production for exports arising from the Permian basin. The increase in export capacity will be facilitated by numerous large-scale pipeline projects, all of which…..
WEEK 02 (04th January to 11th January 2018)
Modern Kamsarmax “Atlantica Sun” 82/2019 Jiangsu Hantong is reported sold to German buyers clients of Oldendorff Carriers, at levels USD 26.5 mil.
Greek owners Allseas Marine have sold their two Supramax vessels “Kavala Seas” & “Paros Seas” 57/2011 Jiangdong, with both of them freshly DD passed, to Chinese buyers at levels USD 12.5 mill each. Note the one year older “Ssi Invincible” 57/2010 Zhejiang Zhenghe was sold back in November for USD 12.3 mill.
Nissen Kaiun have sold their supramax “Topaz Halo” 56/2011 Mitsui, with DD 7/2021, to Greek buyers at levels USD 15.2 mill. Note, last similar done…..
Source: Advanced Shipping & Trading S.A.
WEEK 02 | Tuesday 15th January 2019
As we go through the first days of the year and just a few weeks before the Chinese New Year, the ship repair sector is witnessing a big difference be-tween the current workload and the one expected a few months down the line. Indeed, shipyards around the world are going through a relatively slack beginning of the year, which includes also includes backlog from the end of 2018, while at the same time they are expecting the start of one of the busi-est periods for ship repair sector within the next couple of months. The workload, which is anticipated to be well above the working…..