bluVerve strives to bring you the most relevant information at your fingertips, be it your own company data or general market reports.
Take a look below at our Shipbrokers’ Weekly Market Reports for Week 27 of 2019 (listed alphabetically):
01st July – 05th July 2019 | Week 27
Feeding off the formidable jump in dry bulk freight rates that has been noted since mid-June, we have seen a fair amount of optimism emerging in the market once again. As impressive as this may seem however, to what extent are we looking at a shift in market fundamentals taking place and to what extent is it just a seasonal rally that will likely subside once the typical market normality…..
Source: Allied ShipBroking
Week 27 | 05th July 2019
The recent explosion at Philadelphia Energy Solutions’ (PES) 335,000 b/d Philly refinery has come at an opportune time for product tankers trading in the Atlantic, whilst the decision to permanently shut the facility will have longer term implications for product supplies into the US Atlantic Coast.
Freight markets were initially quick to react, with the benchmark UK Continent – US Atlantic Coast 37,000 tonnes gasoline (TC2) route jumping from WS117.5 to WS160 in just two days. However, the sharp increase in freight at the time started to impede arbitrage economics, forcing freight back down to WS140 a few…..
WEEK 27 (28th June to 05th July 2018)
Nisshin Shipping have sold two of their Kamsarmax, with M/V “Trustn Trader I” 82/2015 Oshima, Japan (SS/DD 06/2020) claiming the price of USD 23,8 mill, a price in line with last month’s sale of the one-year-older “Key Navigator” 82/2014 Tsuneishi Fukuyama, Japan (SS/DD passed on 06/2019) which claimed USD 23,5 mill. The second one is M/V “Falcon Trader” 82/2016 Tsuneishi Zhoushan, China (DD due 10/2019) which was sold to…..
Source: Advanced Shipping & Trading S.A.
WEEK 27 | Tuesday 09th July 2019
In contrast with the general expectations for the dry bulk market, the sector was not positive or even stable during the past 6 months. The warning signs prevalent in the last quarter 2018, were not enough to convince the market of the severity of the market’s course Baltic Dry Index showing resistance to falling below 1,000 points at the end of November but also with the small correction of the index (above 1,400 points) before Christmas…..