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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 18 of 2019 (listed alphabetically):
22nd April – 03rd May 2019 | Week 17-18
Undoubtedly a very troubled year for the dry bulk market. At the end of 2018, we were noting strong levels of optimism and bullish sentiment for the year that lay ahead, especially when given the overall recovery that had been noted in 2018 and 2017, whilst most core index figures finished at relatively good levels. Given these positive trends, for most, 2019 was set to also be a year of general upward momentum, inline somehow with the perceived perception that fundamentals were still improving and there would be more balanced and sustainable dynamics witnessed in the…..
Source: Allied ShipBroking
Week 18 | 03rd April 2019
Calling the Curve
Much of the current market focus is on crude supply, with sanctions, outages and unplanned disruptions impacting on supply. But with IMO2020 just around the corner, fundamental changes in the products market are afoot, with the market dynamics set to drastically shift as we move closer to the end of the year. The market for middle distillates (primarily gasoil, diesel and jet fuel) could be set for a seismic…..
WEEK 18 (26th April to 03rd May 2018)
apanese Owners have sold their Panamax “Nord Galaxy” 77/2006 Imabari Marugame, Japan with DD 07/2021 (SS/DD freshly passed) to undisclosed buyers at levels USD 10,5-10,7 mill. Remind you that her sister vessel “Osmarine” 77/2006 was sold in March for USD 9,1 mill.
Splosna Plovba doo have sold their Supramax “Tamar” 57/2010 Jiangsu Hantong, China with DD 05/2020 at a price of USD 10,3 mill. Remind you that a…..
Source: Advanced Shipping & Trading S.A.
WEEK 18 | Tuesday 07th May 2019
Over the past two weeks, the Dry Baltic Index has been on an upward trend, breaking the 1,000 point mark last week for the first time since January, and creating a positive sentiment for the upcoming weeks after Easter holidays.
With the reweighting of the BDI last year, the barometer of the market is on Capes (counting for 40% of the BDI). As we have witnessed, the first four months for the Capesize sector were dramatic, with a new historical low on…..