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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 15 of 2019 (listed alphabetically):
08th April – 12th April 2019 | Week 15
The collapse noted in the iron ore trade volumes has steered several ship-owners to seek alternative sources of earnings. With coal estimated to account more than 50% of the total ton-mile demand in the Panamax and more than 15% in the Capesize segment (similar levels noted for the Supramax and Handysize), it is foreseeable that this “black diamond” trade will attract the interest of many. The most tradeable type of coal is steam (thermal) coal, currently used to produce around 38% of the total electricity generation in the world. Despite the “green” policies and goals for…..
Source: Allied ShipBroking
Week 15 | 12th April 2018
Straight Down the Middle
Like all other crude tanker segments, Suezmax rates have been on a rollercoaster ride over the past six months. Earnings surged in the 4th quarter of last year, in part due to major Turkish Straits delays, in part due to marginal fleet growth. Of course, other factors were at play as well, such as higher Middle East/Russian crude exports in Q4 2019, prior to the re-imposition of the production constraint. The picture now is very different. Earnings on benchmark routes in the Atlantic Basin declined steadily during the 1 st quarter, averaging in March close to OPEX. Once again, the decline has been triggered by a combination of factors. Transit delays through Bosporus eased gradually as the weather…..
WEEK 15 (05th April to 12th April 2018)
Nissen Kaiun have sold their Panamax “Osmarine” 77/2006 Imabari Marugame, Japan with DD 01/2020 to Greek buyers at levels USD 9,1 mill. Remind you that last week, the two-year-older “Ascanius” 77/2004 Oshima, Japan was sold for USD 8,5 mill to Greek buyers Newport.
Scorpio Bulkers have committed their two Ultramax sister vessels “Sbi Libra” & “Sbi Virgo” 64/2017 Chengxi, China with DD 01/2020 both to Norwegian buyers Ocean Yield for USD 42 mill enbloc in a sale & leaseback deal including 11 years bareboat charter back to…..
Source: Advanced Shipping & Trading S.A.
WEEK 15 | Tuesday 16th April 2019
Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost a given, the continuous decline in the dry bulk rates has stopped any ambitions owners might have had for SnP transactions.
With the American President announcing new tariffs on iron ore imports and his aspirations to strengthen the US steel industry, concerns are rising in the market. On the other hand, cause for concern is caused by China weakening after a number of years when the oversupply of raw materials as…..