Weekly Market Reports – Week 30 (2017)

31 July 2017

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 Shiprbrokers’ Weekly Market Reports for Week 30 of 2017 (listed alphabetically):

 

Allied ShipBroking Logo

Allied ShipBroking

24th July – 28th July 2017 | Week 30

Market Analysis

We have seen a fair amount of strength in the dry bulk freight market during the months of June and July take place although the overall Baltic Dry Index has still kept below the psychological level of 1,000 points. Despite the fact that the summer season has been traditionally seen as a point of softening in the market (a big exception was 2015 where we noted one of the most impressive market rallies during a summer period), as demand typical subsides during this three-month…..

Source: Allied ShipBroking

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Gibson Logo

Gibsons

Week 30 | 28th July 2017

Keep It Clean

It’s safe to say that LR2s have had a pretty torrid year to date, with earnings on the benchmark Middle East – Japan route averaging around $8,000/day in the second quarter, barely enough to cover fixed operating expenses. Many point to fleet growth as the primary issue, yet the trading LR2 fleet has remained fairly static, indicating that new deliveries are not the overriding…..

Source: Gibsons

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Shiptrade Logo

Advanced Shipping & Trading S.A.

WEEK 30 (21st July to 28th July 2017)

End of July and with the summer season peak just around the corner things are beginning to slow down a bit. During the past two weeks, we have seen rates across the board steading and the Dry Bulk Index once again moving towards 1,000 points. The last two days we have seen them in reverse again so unpredictability reigns. Sellers of dry bulk tonnage still dream…..

Source: Advanced Shipping & Trading S.A.

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Intermodal

WEEK 30 | Tuesday 01st August 2016

During the duration of the first half of the year the dry bulk market saw in-tense buying interest that boosted SnP prices significantly. We saw a num-ber of Greek buyers showing intense interest in 15-year old Supramax and Panamax vessels, which led values in some cases to appreciate even more than 50% in the time span of seven to eight months. Indeed the quick rever-sal in second hand prices showed its first signs in the very beginning of the year, when a sudden psychology boost post New Year’s on the back…..

Source: Intermodal

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