Weekly Market Reports – Week 17 (2019)

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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 17 of 2019 (listed alphabetically):

Gibson Logo

Gibsons

Week 17 | 26th April 2018

Trump, Waivers and Oil Prices

So, here we go again – Trump, waivers and oil prices. It feels like déjà vu, except this time there are no waivers. The US administration recently announced they will no longer grant waivers to countries importing Iranian  crude in a bid to block their exports. However, if the US administration wants to lower crude prices it will rely on others to compensate after the benchmark Brent closed at its highest level in six months to $74.51/bbl on the back of this…..

Source: Gibsons

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Advanced Shipping & Trading

Advanced Shipping & Trading S.A.

WEEK 17 (19th April to 25th April 2018)

Ocean Freighters have sold their Panamax, “Pontovremon” 76/2001 Tsuneishi, Japan with DD 09/2019 to Chinese buyers at levels USD excess 7 mill. The sale took place a couple of months ago and the vessel was delivered earlier this month. Remind you that “Navios Galaxy I” 74/2001 Namura&Sasebo, Japan was sold in March for USD 6,1 mill to Chinese buyers also.

Scorpio Bulkers have committed their six Ultramax, “Sbi Leo” & “Sbi Lyra” both 62/2015 DACKS, China with SS/DD 02/2020 & 07/2020 respectively, “Sbi Antares” & “Sbi Bravo” both 62/2015 NACKS, China with SS/DD 01/2020 and…..

Source: Advanced Shipping & Trading S.A.

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