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Take a look below at our Shiprbrokers’ Weekly Market Reports for Week 08 of 2018 (listed alphabetically):
19th February – 23rd February 2018 | Week 08
With the Chinese New Year Festivities finally coming to a close, a flow of positive sentiment seems to be overwhelming markets, with many now seeing a great deal of opportunity emerging across most of the different shipping sectors.
Obviously, Dry Bulkers have been the main beneficiaries thus far, with many having seen the rapid shift in conditions that took place during 2017 as an indicator of the better days to come. This seems to be further affirmed by the trends noted thus far in the year in terms of freight rates with, all size groups having consistently outperformed…..
Source: Allied ShipBroking
Week 08 | 23rd February 2018
Go with the Flow
Just last week the first test loading of a VLCC took place at the Louisiana Offshore Oil Port (LOOP), a successful culmination of the port’s efforts to modify one of its pipelines to accommodate the bi-directional flow of crude through the terminal. It remains to be seen how much will be exported from the port on a regular basis, taking into account its restricted pipeline connectivity to the key shale plays. However, undoubtedly there is no shortage of export demand. The growth in US crude exports was spectacular last year, with total volumes up by around 1 million b/d over the course of…..
WEEK 08 (17th February to 23rd February 2018)
The year of the Dog has already started however SNP Market in Total remains quiet as not only part of the shipping world still remains under the effect of the Lunar Year Holidays but also because some Investors are On wait and see mood . As a result, Sales Volume for Both Dry and Wet Sectors is very limited while on the NB Arena there are more and more enquiries related with Containers and…..
Source: Advanced Shipping & Trading S.A.
WEEK 08 | Tuesday 27th February 2018
US Shale production continues to grow rapidly, hitting new records and with projections being revised upwardly at every turn. According to the Interna-tional Energy Agency, the US will overtake Russia as the world’s #1 crude oil producer by next year, having surpassed 10m bpd in late 2017 and slated to surpass 11m bpd by the end of 2018.
Over the past two years US shale oil companies have managed to become more efficient, optimizing production processes and utilizing new…..