Weekly Market Reports – Week 13 (2019)

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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 13 of 2019 (listed alphabetically):

Allied ShipBroking Logo

Allied ShipBroking

25th March – 29th March 2019 | Week 13

Market Analysis

With the BCI hitting an all-time low on its index value (though the Weighted Time Charter Average still holds at levels above those witnessed back in 2016) the overall atmosphere seems to be getting ever gloomier for the dry bulk’s largest size segment. Given its weighting within the Baltic Dry Index, as well as the fact that in most people’s minds it is a leading indicator for the dry bulk freight market, all this turmoil has…..

Source: Allied ShipBroking

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Gibson Logo

Gibsons

Week 13 | 29th March 2018

Driving Force?

Over the past few weeks, MRs trading out of Europe have continued to outperform expectations. In recent years, such volatility has typically been driven by erratic buying from West Africa, or stronger demand in Latin America. Volumes destined for the United States have rarely been a driver of volatility, generally ticking over at a steady and predictable pace. However, a combination of both anticipated and unanticipated events has temporarily shifted the dynamic in the Atlantic product…..

Source: Gibsons

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Advanced Shipping & Trading

Advanced Shipping & Trading S.A.

WEEK 13 (22nd March to 29th March 2018)

U Ming Marine Transport have sold their Panamax “Cemtex Pioneer” 78/2004 China Shipbuilding Kao, Taiwan with DD 04/2019 to Chinese buyers at levels USD 7,3 mill. Remind you that earlier this month, her sister vessel “Te Ho” 78/2004 was sold for USD 6,9 mill.

Oslo Bulk have committed their Ultramax “Adventure II” 62/2018 Oshima, Japan with DD 06/2021 to Bangladeshi buyers Meghna Group at a price range of USD 25,5-26,5 mill. Please note that last week we had the sale of the one-year-older sister vessel “Adventure I” 62/2017 to…..

Source: Advanced Shipping & Trading S.A.

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Intermodal

WEEK 13 | Tuesday 02nd April 2019

Subsequently to the drop of rates in the third decade of March – last week continued pretty much with the same sentiment, with nothing fresh apart from a few sparks that did not materialize and with excess tonnage pushing/holding rates at same/lower levels. With fixing dates starting to move to-wards April end, first tier VLCC units still trade at WS43-45 for Far East desti-nations shaping the TCE down to about $15,000.00 p/d and slightly above WS20 for West. West Africa remains unchanged with last fixture…..

Source: Intermodal

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