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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 32 of 2019 (listed alphabetically):
05th August – 09th August 2019 | Week 32
Taking a look at only how the freight market has trended in both the dry bulk and tanker space over the past month and you would be overall oblivious to the tremendous geopolitical shocks that have transpired during this same time period. It would seem that over the past month we have seen considerable activity transpire from many commodity traders as they look to “catch up” on previous volumes lost during the first half of the year, speculate on the rising prices noted across most of the commodity spectrum and at the same time and as of more recent try to stock up commodities and take up earlier imports before the trade tensions between the US and China…..
Source: Allied ShipBroking
Week 32 | 09th August 2019
New Kid on the Block
There may be few new frontiers left in the oil market, with most regions having been tested, even if deemed to be uneconomical in the current oil era. However, from next year there will be a new kid on the block – Guyana. Throughout history, Guyana has hardly made it onto the tanker map. Despite sharing a boarder with Venezuela to the north and Brazil to the south, the country has never produced oil on a commercial scale. Even from a demand perspective, the country imports only minimal volumes of refined products and has no domestic refining…..
WEEK 32 (02nd August to 09th August 2018)
Thomas Schulte Reederei have sold two Kamsarmax sister vessels, “Diana Schulte” & “Dora Schulte” 80/2010 New Century China (SS/DD 09/2020 & 10/2020 respectively) to Chinese buyers for USD 23 mill enbloc.
Moving on the Supramax sector, M/V “Merit Trader” 58/2014 Shin Kurushima Onishi, Japan (SS/DD 10/2019, BWTS fitted) was sold at a price of USD 19 mill while the two-years-older “Hinode Maru” 59/2012 Kawasaki, Japan was sold last week for USD 16,2 mill. Moreover, M/V “Aquakula” 55/2007 Oshima, Japan (DD 02/2020) was committed…..
Source: Advanced Shipping & Trading S.A.