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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 25 of 2019 (listed alphabetically):
Allied ShipBroking
17th June – 21st June 2019 | Week 25
Market Analysis
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
Gibsons
Week 25 | 21st June 2019
Cracked Spreads?
As we noted in our report dated 7th June, the slowing global economy, partly driven by the ongoing US-China trade war is starting to impact on world oil demand. An increasing number of agencies are factoring in an increased risk of an economic downturn into their projections. In May, the OECD lowered its forecast for global economic growth to 3.2%, whilst the Netherlands Bureau of Economic Policy Analysis recently claimed that world trade had fallen back to its slowest growth rate since the financial crisis. Fitch Ratings Agency was even more bearish, trimming its 2020 growth rate to…..
Source: Gibsons
Advanced Shipping & Trading S.A.
WEEK 25 (14th June to 21st June 2018)
A generally quiet week for the dry segment with only two sales to report.
Noble Group have sold their Post Panamax “Ocean Ruby” 93/2010 COSCO Dalian, China with SS/DD 06/2020 to undisclosed buyers for USD 13,2 mill, a price slightly lower than the latest similar sale of M/V “Royal Maybach” 93/2010 Yangfan Group, China which was reported two weeks ago at the price of…..
Source: Advanced Shipping & Trading S.A.
Intermodal
WEEK 25 | Tuesday 25th June 2019
As the first half of the year is almost over, it is worth looking back at the sale and purchase activity during these months, focusing on the segments that proved to be the most popular as well as on which Buyers were the most active.
On the dry bulk side and more specifically in the deadweight range from Handysize up to Cape, we have on record more than 230 sales since the beginning of the year, with Greek and Chinese buyers dominating…..
Source: Intermodal
