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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 21 of 2019 (listed alphabetically):
20th May – 24th May 2019 | Week 21
Every time the market is in turmoil, the main focus amongst most practitioners in the market tends to shift towards core fundamentals (supply-demand dynamic) and macroeconomic factors, in order to better evaluate their options moving forward and act accordingly. However, given that the current market dynamics have been primarily derived through a series of tail risks (single shock) events, uncertainty seems to be the reigning characteristic that best describes the market…..
Source: Allied ShipBroking
Week 21 | 24th May 2019
The Long and Short of It
Many tanker market participants have placed significant faith that both fundamental developments and short term disruptive factors will push the products tanker market into an upcycle over the next few years. Much has been said about how new refining capacity in Asia, coupled with IMO2020 will create sizeable arbitrage opportunities from East to West, giving a substantial boost to the product tanker market. Whilst this view is certainly reasonable, the reality is not quite…..
WEEK 21 (17th May to 24th May 2018)
Bocimar have sold their Capesize “Mineral China” 171/2003 Hyundai HI, Korea with DD 08/2020 to Korean buyers at a price of USD 14 mill basis 3 years T/C back to the sellers.
Vilmaris have committed their Supramax “Vil Baltic” 57/2010 Qingshan, China with SS/DD 05/2020 to Chinese buyers at a price of USD 9,6 mill. Remind you that a couple of weeks ago we had the sale of “Tamar” 57/2010 Jiangsu Hantong, China for a price of…..
Source: Advanced Shipping & Trading S.A.
WEEK 21 | Tuesday 28th May 2019
Reflecting on the first quarter of 2019, the product tanker market was healthy, with average earnings significantly up compared to the first quarter of last year. However, the strong start of the year has been followed by a seasonal softening. Despite the 10% fall of the clean spot MR earnings in January (m-o-m basis), the earnings averaged at mid teen levels. The opening of some arbitrage windows, like the East to West movement of naphtha cargoes, healthy trade patterns in general and a solid growth in US exports were the main…..