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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 14 of 2019 (listed alphabetically):
01st April – 05th April 2019 | Week 14
A mere 6 months ago, the prevailing sentiment was that 2019 would be the third year of a consecutive recovery in the market, with the shared prevailing thought being that the market was finally ready for new peaks. Strong fundamentals and bullish sentiment were among the favorite topics discussed in most shipping circles. No one would argue against this, given the tremendous improvement in the supply-demand dynamics that…..
Source: Allied ShipBroking
Week 14 | 05th April 2018
Earlier in 2019, we published a market report into how the surge in Chinese refined product exports had a profound effect on the product tanker market. However, with significant new refining capacity coming online in China this year, it is important to assess where the additional crude supply will come from. With two of China’s key suppliers under sanctions, and many others participating in output cuts, procuring the additional…..
WEEK 14 (29th March to 05th April 2018)
Transocean Maritime Agencies have sold their Panamax “Ascanius” 77/2004 Oshima, Japan with DD 02/2022 (SS/DD freshly passed) to Greek buyers Newport at levels USD 8,5 mill. Remind you that in February, “Medi Cagliari” 76/2004 Sanoyas Hishino, Japan was sold for USD 7,9 mill to Far Eastern buyers.
Wenaasgruppen AS have committed their Supramax “Viola” 59/2008 Tsuneishi Cebu, Philippines with DD 08/2020 to Norwegian buyers Belships ASA at a price of USD 13 mill of which half will be paid in cash. The remaining consideration will be settled through a proposed issue of 8,060,650 new Belships shares to the seller of the vessel. The agreed share price…..
Source: Advanced Shipping & Trading S.A.
WEEK 14 | Tuesday 09th April 2019
The tragedy in Brazil’s Vale Brumadinho where a tailings dam collapsed in January ranks among the world’s worst mining disasters. It continues to this day as the effects of the disaster ripple through local communities and the shipping industry.
As most of us are aware, Vale is the world’s largest producer of iron ore, and runs several deep-draft ports in Brazil as well as Indonesia, Malaysia and Oman, equipped to receive Valemax ships, the biggest mineral vessels in the world, with capacity for 400,000 tonnes of ore. The company charters…..