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Take a look below at our Shiprbrokers’ Weekly Market Reports for Week 25 of 2017 (listed alphabetically):
19th June – 23rd June 2017 | Week 25
It seems as though there was nothing but disappointment these past week for OPEC members, as despite all effort to boost the price of crude oil by curbing production levels, the price of oil reaching its lowest level since November, with WTI and Brent dropping this past Wednesday to a low of US$ 44.35 and US$ 44.80 per barrel respectively. What’s more is that in the year to date we have never seen prices go beyond the US$ 54.0 and 57.1 per barrel mark, leading most to hold fairly bearish views as to the prospects moving forward…..
Source: Allied ShipBroking
Week 25 | 23rd June 2017
Summer season for MRs
Although the overall performance in the product tanker market remains disappointing, some positive dynamics have been seen in the MR segment (25,000 to 55,000 dwt). Spot earnings are still weak; yet, MRs have fared somewhat better than larger product carriers in recent months. Since November 2016, average MR earnings for representative voyages…..
Advanced Shipping & Trading S.A.
WEEK 25 (16th June to 23rd June 2017)
During the past weeks and after a long time being that the doldrums we can depict some signs of improvement at global growth in the horizon. With numerus economical organization forecasting and upwards moving trend for the Q3 of 2017. In the shipping sector, we continue to see a few newbuilding orders and also a vast recycling numbers that took place the last year. Taking the latter in to consideration the shipping community….
Source: Advanced Shipping & Trading S.A.
WEEK 25 | Tuesday 27th June 2016
From the beginning of the year until now SnP activity has changed signifi-cantly. To put things into perspective, after a fast and furious q1 on the dry bulk side, which counted 219 bulk carriers transactions, a rather sluggish q2 followed with 130 transactions, translating to a 41% decrease. Currently as we are approaching the end of June, we can say that buyers and investors have switched more into a reflection mode, contemplating whether…..