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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 12 of 2019 (listed alphabetically):
18th March – 22th March 2019 | Week 12
Nine months till the IMO 2020 regulation goes live and discussions have intensified, with most owners having already taken their strategic decision with regards to scrubber or no-scrubber. Yet, the heated debate over the future viability of scrubbers and fuel alternatives still ranges on. The number of vessels to be equipped with a scrubber system by the end of the year is estimated to be somewhere in the region of around 2,000 to 3,000 vessels, which is but a small share of the global trading fleet. These vessels will continue burning HSFO after 1st of January 2020 deadline, looking to recoup their investment and gain from…..
Source: Allied ShipBroking
Week 12 | 22nd March 2018
West to East
Earlier this month the IEA released its medium-term outlook for the global oil markets, which provides analysis and the forecast of the key issues in demand, supply, refining and oil trade through to 2024. The report portrays a positive outlook for oil demand growth, which is expected to continue to increase at a healthy pace, in line with the average growth rate seen since 2000. The gains in oil consumption are projected to average 1.2 million b/d per annum between 2018 and 2024, driven by the expansion of the petrochemical industry and the fast-growing aviation sector. Asia Pacific will see the fastest growth in…..
WEEK 12 (15th March to 22th March 2018)
Diamond Bulk Carriers have sold their Kamsarmax, “Puppis Ocean” 81/2014 JMU, Japan with DD 03/2022 and SS freshly passed, to Greek buyers M Maritime in a private deal at levels high USD 23 mill. Remind you that in January, “Crystal Star” 82/2014 Sanoyas, Japan was sold to Greek buyers Chronos Shipping for…..
Source: Advanced Shipping & Trading S.A.
WEEK 12 | Tuesday 26th March 2019
Contrary to the December 2018 forecasts but in line with the expectations of the dry bulk market, the first quarter of the year closed negatively. The BDI index decreased by around 50% from mid-December until the end of January and moved to the ytd low of 595 points on 11 February. Although a moderate drop was expected – having become a “seasonal phenomenon”, with subsequent losses before and during the Chinese lunar year – the magnitude of the decline in rates and indexes was largely unexpected. Moreover, the extended Capesize weakness…..