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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 22 of 2019 (listed alphabetically):
27th May – 31st May 2019 | Week 22
The first half of 2019 has been an interesting period for the dry bulk industry, as sentiment in the market has fluctuated tremendously during these past months. The year began with expectations for a modest freight rate rally, driven by an improved demand outlook. These expectations were quickly reversed after the Vale dam accident and the continuation of the USA – China trade conflict. Currently, most market participants have seemingly showed a boost in sentiment, feeding off the modest freight rate rebound. But how has this instability affected the overall fleet development and…..
Source: Allied ShipBroking
Week 22 | 31st May 2019
Many industries, including shipping, are facing an increasing environmental pressure to act upon the Paris Agreement. In April last year, the IMO’s Marine Environmental Protection Committee (MEPC) set out their initial strategy, which envisages the reduction of greenhouse gas (GHG) emissions by at least 50% by 2050 compared to 2008 levels. The ambition also is to reduce CO2 emissions (which account for about 82% of all GHG emissions) by at least 40% by 2030, pursuing efforts towards 70% by…..
WEEK 22 (24th May to 31st May 2018)
GRM Shipping are on subs for selling their Kamsarmax “GRM Princess” 82/2011 Tsuneishi Zhoushan, China with DD 12/2019 for USD high 17 mill. Moreover, Greek buyers Navios Maritime exercised their purchase option against Shoei Kisen for the purchase of Panamax “Sea Victory” 77/2014 Imabari, Japan with SS/DD 12/2019 for a price of USD 14,5 mill.
Triton Navigation have sold their Supramax “Triton Valk” 56/2009 Mitsui Chiba Ichihara, Japan with DD 01/2022 to Greek buyers at levels USD 13,1 mill. Please note that earlier this month, the one-year-older “Eria Colossus” 55/2008 Kawasaki, Japan was sold to Greek buyers for…..
Source: Advanced Shipping & Trading S.A.
WEEK 22 | Tuesday 04th June 2019
The first semester of 2019 started as a fairly positive semester for the offshore sector whilst there was a recovery on crude prices, as well as a supply chain expansion from companies involved in exploration and production and modest activity levels.
With oil prices mainly ranging between $65-$70/barrel throughout the bigger part of the first quarter, refinery capacity additions in major regions have been the key drivers contributing to the recovery…..