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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 09 of 2019 (listed alphabetically):
25th February – 01st March 2019 | Week 09
The ship recycling market constitutes a crucial leaver in alleviating any excess pressure that may arise in the demand/supply balance of shipping markets. As such it is always of interest to gauge the current interest noted amongst owners to send any of their vintage tonnage to the breakers. During the first two months of the year, we have already seen 20 dry bulk carriers having been beached, an encouraging number when compared with 2018, which saw a total of 70 vessels being scrapped during the whole year. More specifically, 15 dry bulk carriers were scrapped within…..
Source: Allied ShipBroking
Week 09 | 01st March 2018
El Gran Problema Mexicano
The US product export market has been transformed over the past decade. Exports of clean petroleum products (CPP) averaged 2.5 million b/d last year, up from just 0.8 million b/d in 2008. Rising trade has been underpinned by rapid growth in US crude production and refiners’ access to cheaper crude feedstock. Refining margins in the US Gulf have generally been stronger in recent years, compared to those seen in other regional…..
WEEK 09 (22nd February to 01st March 2018)
Scorpio Bulkers have committed their Kamsarmax “Sbi Samba” 85/2015 Imabari Marugame with DD 01/2020 to Chinese buyers for USD 21,4 mill with 5 years BB back at 6.850 usd/day and purchase option after the 3rd year.
Shoei Kisen Kaisha have committed their Ultramax “African Loon” 61/2016 Tadotsu with DD 01/2021 to UAE based buyers MUR Shipping (who exercised their purchase option) for…..
Source: Advanced Shipping & Trading S.A.
WEEK 09 | Tuesday 05th March 2019
In a downward moving market, softer SnP activity is usually a given, as the
gap between Sellers’ and Buyers’ ideas widens, especially when the drop in
rates takes place in a relatively short period of times, which was the case
recently. Aside from the levels of the market and the respective number of
deals as this is depicted in the table below, what might be even more inter-
esting to look at is whether in these cases asset prices also moved in tandem…..