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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 16 of 2019 (listed alphabetically):
15th April – 19th April 2019 | Week 16
The dry bulk market continues to face a significant amount of hammering, despite the slight positive track that has been laid down during the past few weeks. It has become ever more apparent that beyond the issues being faced in the iron ore trade as part of the disruptions brought about by Vale’s second deadly dam burst in less than four years are but only a small part of the problems at hand. Amongst the three main dry bulk commodities, namely iron ore, coal and grains, no one of these seems to be without its issues. Coal, as put forth in our previous analysis is still facing considerable hurdles due to the environmental concerns it raises. Adding…..
Source: Allied ShipBroking
WEEK 16 (12th April to 19th April 2018)
Orion Bulkers have sold their two Capesize, “Shinyo Challenger” 185/2002 Mitsui, Japan with DD 10/2020 to Chinese buyers at levels USD 12 mill & “Shinyo Endeavour” 171/2002 Sasebo, Japan with DD 04/2020 to Clients of Seacon at levels USD 11 mill.
Diana Shipping have committed their Panamax “Erato” 74/2004 Hudong Zhonghua, China with SS/DD 08/2019 to Chinese buyers for USD 7 mill. Please note that the two-years-younger “Silver Dragon” 75/2006 built in the same yard, was sold last week for…..
Source: Advanced Shipping & Trading S.A.
WEEK 17 | Tuesday 23rd April 2019
Over the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipping. According to Petrofin, Top 40 shipping banks’ lending has fallen since 2008 by 25%, whilst at the same time the world fleet has grown by 28%. On top of this, out of the banks that have decided to stay in the game, not all of them have the strength, the budget and the competitive terms to do so. As a result, the availability of financing for small-medium size companies has become a scarce, hence a luxury good. In other words, even when there is…..