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 29 of 2019 (listed alphabetically):
15th July – 19th July 2019 | Week 29
It’s been an astonishing climb in the dry bulk market these past few weeks. With the help of a fast-paced increase in freight rates in the Capesize and Panamax markets, the BDI has reached a level last seen in December of 2013 (though it must be noted that we are now looking at a new BDI with much bigger weighting on the Capesize market). The Capesize market has been the one that has made the most remarkable upswing, with the BCI Time Charter Average having increased by US$ 29,503 (equivalent to an 853% increase) since the 2nd of April of this year and the BPI Time Charter Average having…..
Source: Allied ShipBroking
Week 29 | 19th July 2019
Over the past few weeks, the West – East High Sulphur Fuel Oil (HSFO) arbitrage has firmed substantially from a fairly range bound $30/tonne to a bullish $46/tonne, briefly touching a four year high of $50/tonne last week. Several factors are behind this sudden widening.
Arbitrage arrivals from the West into Singapore have been lower in recent months, tightening regional HSFO supply. Peak demand season in the Middle East has also reduced flows into Asia, with strong pricing…..
WEEK 29 (12th July to 19th July 2018)
Singa Star have sold their Capesize “Nord Steel” 180/2007 Imabari Saijo, Japan (DD 07/2020) to Chinese buyers at a price of USD 17,75 mill, following the sale from last week of the three-years-older M/V “Lowlands Phoenix” 177/2004 Namura & Sasebo, Japan (SS/DD 11/2019) at USD 13,2 mill. In addition, the Chinese built M/V “MSXT Vivienne” 175/2004 SWS, China (SS/DD 08/2019) has gone at levels USD 12,5 mill to…..
Source: Advanced Shipping & Trading S.A.
WEEK 29 | Tuesday 23rd July 2019
Tonnes of ink has been spent analysing the rebound of the dry bulk market the last weeks with the most representative example being the rising performance of Capes which, coming from a historical low, managed to reach a five and a half year high within a 3 month period, with the rest of the sizes following the same path, thus creating a positive sentiment. With regards to the SnP, buying interest is stronger than the first quarter of 2019, with the number of transactions having correspondingly increased and SnP values displaying a soft upward trend without excluding the scenario for a bullish…..