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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 08 of 2019 (listed alphabetically):
18th February – 22nd February 2019 | Week 08
The relatively disappointing scene portrayed in the dry bulk market right now (especially in the Capesize segment) is undoubtedly one of the prevailing topics as of late. From the start of this month the BDI has eased back to below 700bp and having recorded throughout this period an average of 624bp, there is little room for any bullish views to be portrayed at this point. The focus now, is as to what sort of contagion the recent trends are having on other parts of the dry bulk…..
Source: Allied ShipBroking
Week 08 | 22nd February 2018
After falling to $50/bbl in late December, Brent and heavy sour Oman crude prices have recovered to over $67/bbl. OPEC’s decision in December to cut production by almost 800,000 b/d for an initial period of six months seems to have had the desired effect of lifting flailing crude prices, which traded at $85/bbl in October. Although prices are still considerably lower compared to those recent highs, it is so far an encouraging sign. IEA numbers released last week showed a decrease in OPEC production of just under 1.2 million b/d from October levels, an overcut of almost 400,000 b/d due to over compliance from…..
WEEK 08 (15th February to 22nd February 2018)
Marinsa Denizcilik AS have committed their Capesize “Densa Cobra” 180/2011 Stx, Korea with DD 05/2019 to undisclosed buyers for USD 27,5 mill. Please note that on December, “Shagang Hongchang” & “Shagang Hongfa” 179/2011 Hyundai were sold for USD 33 mill each.
Hyundai Glovis have sold their Post Panamax “Glovis Donghae” 97/2004 Japan with DD 05/2019 for USD 11,3 mill to Qatar based buyers…..
Source: Advanced Shipping & Trading S.A.
WEEK 08 | Tuesday 26th February 2019
With the IMO 2020 approaching, it becomes challenging for the market to
accurately explore the run-up to the deadline given that marine fuel-oil of
0.5% sulphur content does not yet exist physically nor financially. Thus,
there is technical and financial planning to be involved and as reported the
current global crude streams enable the production of about 15mill bl/d of
final 0.5% sulphur content marine fuel if refineries maximize output. The
market is currently using Gasoil 0.1% sulphur content price as a proxy for…..