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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 07 of 2019 (listed alphabetically):
11th February – 15th February 2019 | Week 07
It was yet another Lunar New Year with market jitters, as the BDI reached 595 basis points, which was its lowest point in almost 2 years and 9 months. All this brought swift memories of the 2016 drop, with many market pundits quick to point out the resemblance. When looking at the data in more detail it quickly becomes apparent how many the differences really are. The market collapse noted since the start of 2019 has been a demand side issue in the making for some time now and in part was hastily brought into the fore front by the slack created by the…..
Source: Allied ShipBroking
Week 07 | 15th February 2018
Orders on the Up?
2019 has already started out as a busy year in terms of tanker ordering activity with VLCCs and MRs once again appearing to be in vogue. So far this year, at least 12 VLCCs and 11 MRs have been contracted. Both asset classes also received the most interest in 2018, with 42 and 49 units being ordered respectively. Now, the question is, was the start of 2019 just a blip or a sign of things…..
WEEK 07 (08th February to 15th February 2018)
Daio Kaiun Ltd have sold their post panamax “Tender Salute” 95/2011 Imabari with DD 09/2020 to clients of Coberlfret at levels USD 17 mill.
Nissen Kaiun Co Ltd have sold their Panamax “Osmarine” 76/2006 Imabari with DD 01/2020 to Greeks clients of Eurobulk for US$ 9.6 mill. Same buyers bought about five months ago the ex-name “Star of Nippon” 75/2004 Sanoyas at price levels USD 9.8 mill.
D’Amico Societa di Navigazione have sold two of their Panamax “Medi Baltimore” 76/2004 Sanoyas with DD 03/2020 to Far eastern buyers at levels USD 8.4 mill including two years TC back. Also, the one year older “Medi Cagliari” 75/2004 Sanoyas with DD 07/2019 also to Far eastern buyers at…..
Source: Advanced Shipping & Trading S.A.
WEEK 07 | Tuesday 19th February 2019
Market experts mostly agree that the recent dry bulk market downtrend
was caused by seasonal slowdown amid the Chinese New Year celebrations
in combination with the deadly dam accident in Brazil earlier this year. The
latter is a serious disruption that has already had an immediate negative
impact on Capesize earnings. Brazil is the world’s second largest iron ore
producer country after Australia, with approx. 70% of exports going to East
Asia, and most iron ore consists of the highest quality found worldwide that…..