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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 24 of 2019 (listed alphabetically):
10th June – 14th June 2019 | Week 24
For more than 6 months now, we have repeatedly mentioned the sensational activity being noted by the MR segment in the Sale and Purchase market. In an environment of tighter earnings, stringer availability of capital and funding and the continuous signs of conservatism and skepticism towards the overall shipping market, how does one explain this behavioral trend. It looks as though the MR is “the new black” in terms of…..
Source: Allied ShipBroking
Week 24 | 14th June 2019
Pause for Now
With US sanctions on Iranian crude exports now in full flow, Iran’s oil revenues are in quick decline, with sources quoting that they are already lower than under previous sanctions in 2012. As such, the policy to choke Iran of exporting crude seems to have had the desired effect. However, attempting to track any Iranian vessel movements has become very challenging, with most tankers having AIS transponders…..
WEEK 24 (07th June to 14th June 2018)
Japanese Owners have sold their Post Panamax “Brilliant Century” 92/2002 Imabari Saijo, Japan with DD 04/2020 to Chinese buyers for USD 8,2 mill while similar unit “Shin Sapporo Maru” 91/2002 Oshima, Japan was sold last month to Chinese buyers at USD 8,8 mill.
Yamamaru Kisen KK have sold their Kamsarmax “Key Navigator” 82/2014 Tsuneishi Fukuyama, Japan with SS/DD 07/2019 to undisclosed buyers at levels USD excess 23 mill. Remind you that last sale was “Puppis Ocean” 81/2014 JMU, Japan back in March to…..
Source: Advanced Shipping & Trading S.A.
WEEK 24 | Tuesday 18th June 2019
“We are here for the long run.” This is statement that we hear more and more often these days from shipowners, managers and operators. A few years ago the fundamentals of the industry provided asset play opportunities. Selling a ship with profit did not really require much thought. The market was there to pay for it. These days things are not so simple. In my previous insight the conclusion drawn was that SnP activity is vital for a shipping…..