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Take a look below at our Shiprbrokers’ Weekly Market Reports for Week 23 of 2017 (listed alphabetically):
06th June – 09th June 2017 | Week 23
News of U.S. inventory decline has hit the market by surprise with prices of the commodity showing some quick revival as OPEC continues to push with its production cuts limiting trading volumes and increasing bullish sentiment amongst investors. The prevailing sentiment has been holding for some months now that the supply glut has managed to still hold despite efforts that had been made since the final quarter of 2016. We are likely seeing a reversal to the prevailing trends and as such an increase…..
Source: Allied ShipBroking
Week 23 | 09th June 2017
Back in April we discussed the potential impact of a new Chinese customs duty on the import of mixed aromatics (reformate), light cycle oil and bitumen blend. The implementation of these taxes since has been delayed, and flows have once again resumed following a lull in April. However, regardless of developments on the taxation front, imports of mixed aromatics look set…..
Advanced Shipping & Trading S.A.
WEEK 23 (02nd June to 09th June 2017)
Entering the second week of summer and already major macroeconomic factors are affecting the world economy. Qatar crisis grows as Arab nations draw up terror sanctions list as UK struggles with hung parliament after the election debacle that left-over Theresa May trying to form fragile government, uncertainty over Brexit talks. Moving on, in the shipping sector spot market has been in the doldrums for almost three weeks now, as the secondhand market followed the same path. The asset prices of all sectors….
Source: Advanced Shipping & Trading S.A.
WEEK 23 | Tuesday 13th June 2016
The dry and the tanker shipping segments have dissimilar exposure to supply-driven opportunity (or risk). While the vintage (i.e., over 15 years old) fleet is similar for both segments being shy one fifth of their respective fleets, the dry bulk orderbook is at a historical low, while the crude one has grown…..