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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 20 of 2019 (listed alphabetically):
13th May – 17th May 2019 | Week 20
With dry bulk shipping still facing sever backlash from the still ongoing and frivolous trade negotiations between the US and China, as well as the dampened prospects on one of its key commodities, namely iron ore, after the Vale accident back in January, forward prospects continued to deteriorate further as more disappointing news came to market on both these fronts during the past two weeks. The case of iron ore exports from Brazil came back into focus on Friday as Vale warned of high-risk possibilities of yet another tailing dam failure …..
Source: Allied ShipBroking
Week 20 | 170th May 2019
The Gathering Storm?
Not in a long time has the geopolitical situation in many of the worlds largest crude providers been so precarious. At the time of writing, many are still trying to understand the rationale behind the sabotage of vessels at Fujairah and drone attacks on Saudi Arabian pumping stations. With supply concerns in Iran, Libya and Venezuela already causing headaches and continued uncertainty over Russian crude shipments via the Druzhba pipeline, could potential supply disruptions put further pressure on…..
WEEK 20 (10th May to 17th May 2018)
Triton Navigation have sold their two Panamax sister vessels “Triton Gannet” & “Lake Dahlia” 79/2009 Sanoyas Hishino, Japan with DD 12/2021 & 08/2021 respectively to Greek buyers Pavimar at levels USD 27,6 mill enbloc. Remind you that “Atlas B” 77/2008 Imabari Marugame, Japan was sold back in March to Greek buyers for…..
Source: Advanced Shipping & Trading S.A.
WEEK 20 | Tuesday 21st May 2019
The ship repair sector is showing a constant and gradual increase on the
workload throughout the past months, with almost all the shipyards world-
wide having already reached close to their maximum capacity as we are
heading towards the end of the first half of the year. It goes without saying
that this is mainly due to the already prescribed scrubber retrofit demand,
while the peak of these deliveries from most of the scrubber…..