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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 37 of 2019:
09th September – 13th September 2019 | Week 37
Here we are again, just a breath before the final quarter of the year. Under typical circumstances and on the basis of what we have seen during the summer months, one would be (theoretically) extra bullish in terms of what to expect for the final part of 2019. However, can the current positive dynamics be sustained over the next three months? Many views have been expressed in respect to the true state of the dry bulk market. At this point, it seems as though the most vital question is as to whether the market has any direction at all (with the hope of some sort rebalancing soon), or…..
Source: Allied ShipBroking
Week 37 | 13th September 2019
Doom and Gloom
Global oil demand looks set to grow at a slower pace than first anticipated, many energy analysts have concluded. Since the start of the year, many forecasts for the immediate future have frequently been downgraded as global trade wars and disappointing economic performance weigh on their decisions to downgrade forecasts.
The EIA said in its latest Short-Term Energy Outlook that it expects oil demand to grow by just 900,000 b/d in 2019, following a series of downgrades earlier in the year. In July, it said 2019 demand would grow by 1.1 million b/d, while at the start of the year the expectations were for oil consumption to grow by 1.5 million b/d in 2019. It isn’t just the…..
WEEK 37 (06th September to 13th September 2018)
This week, Mizuho Sangyo’s Newcastlemax “Azul Challenge” 203/2004 Universal, Japan (DD 05/2020) was reported sold at levels USD low 16 mill to Korean buyers.
Capesize “Frontier Voyager” 181/2012 Tsuneishi Cebu, Philippines (SS 04/2020 & DD 03/2020) of Fukujin Kisen KK was sold for USD low 26 mill to Norwegian buyers Frontline whilst the one-year-older Japanese built M/V “Global Mercator” 182/2011 Universal was sold in…..
Source: Advanced Shipping & Trading S.A.
WEEK 37 | Tuesday 17th September 2019
During the first week of September, I had the privilege of attending the Donsö Shipping Meet 2019, in Donsö, a small island of around 1, 500 inhabitants, in the Gothenburg southern archipelago.
DSM19 has been one of Sweden’s biggest shipping events (if not the biggest) with more than 2,000 visitors from 30 countries, 110 shipping companies and 300 exhibitors that all gathered in this small, car-free, island to discuss…..