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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 38 of 2019:
16th September – 20th September 2019 | Week 38
With just one week to go before we officially enter the last quarter of the year, uncertainty has once again returned to the tanker market after the recent developments in Saudi Arabia, reminding everyone that geopolitical tensions in the region still linger around and be a cause for unforeseen disruptions.
The year began with OPEC being modestly optimistic, stating that oil demand is expected to reach the 100.08 mb/d in 2019, increased by 1.29 mb/d compared to 2018, with prospects back then showing that India, China as well as other SE Asian countries…..
Source: Allied ShipBroking
Week 38 | 20th September 2019
The Future of Europe
Over the next 5 years, the global refinery landscape will continue to evolve, with the IEA projecting that over 9 million b/d of new capacity will be added, roughly twice the level of refined products demand growth over the same time period. With over two thirds of new capacity being added East of Suez, pressure will grow on older, less complex refineries, many of which are located in Europe.
Structural changes in global oil products demand and crude supply will also significantly impact on refining margins and arbitrage, not just in Europe, but globally. In the short term, less complex refineries may lag behind, as new regulations come into play, particularly those that lack the ability…..
WEEK 38 (13th September to 20th September 2018)
Three Capesize sales for this week’s report with an enbloc sale of SwissMarine’s BWTS fitted M/V “Corsier” & “Celigny” 181/2016 Imabari, Japan at USD 42,5 mill each to JP Morgan. The other one is M/V “Aristofanis I” 177/2005 Mitsui Chiba Ichihara, Japan (SS/DD 07/2020) of Capital Maritime which was sold to Korean buyers Samjoo Shipping for a price of USD 16,6 mill. Last done of the latter is the one-year-younger M/V “Shinyo Diligence” 177/2006 Namura & Sasebo, Japan which was…..
Source: Advanced Shipping & Trading S.A.
WEEK 38 | Tuesday 24th September 2019
In the past five months there has been significant activity in the asset market with the dry bulk segment being by far the most volatile in terms of senti-ment. The so called work horse of the segment, the Panamax that has been very sought after for a short period, is now slowly losing popularity to the increasingly attractive Supramax. Values have risen and dropped…..