Weekly Market Reports – Week 39 (2019)

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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 39 of 2019:

Allied ShipBroking Logo

Allied ShipBroking

23rd September – 27th September 2019 | Week 39

Market Analysis

It looks as though we have seen a further deepening of the scale back in the dry bulk market take place this past week. The correction has been fast paced up to now and may well intensify further as we enter the final quarter of the year. On some of the smaller sizes we seem to have matched the freight earning levels we were seeing during the same time period last year. While for the capsize segment, it looks as though there is still a bit more to go before we match the US$ 18,000 and 19,000 per day on the BCI TCE that we were seeing in early October 2018. It looks as though the scale back in iron ore volumes coming to market has been consistent with the expectations…..

Source: Allied ShipBroking

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Gibson Logo

Gibsons

Week 39 | 27th September 2019

Q4 Potential

At the time of writing this report, spot TCE earnings on most benchmark crude trades stood at or close to their highest level this year, after firming spectacularly over the past two weeks, in part on the back of the attacks on Saudi oil infrastructure. This week’s US sanctions on two Cosco subsidiaries added more fuel to the fire. The current strength in rates has been triggered by geopolitics; however, both demand and supply factors suggest tightening tanker supply/demand balance as we approach the 4th quarter of the…..

Source: Gibsons

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Advanced Shipping & Trading

Advanced Shipping & Trading S.A.

WEEK 39 (20th September to 27th September 2018)

Shunzan Kaiun have sold their Newcastlemax “Azul Integra” 203/2004 Universal, Japan (SS/DD 12/2019) to Chinese buyers Shandong Shipping at levels USD low 16 mill, a price in line with the sale of her sister vessel “Azul Challenge” 203/2004 which was sold a couple of weeks ago for USD 16,4 mill.

Capesize “Lowlands Brilliance” 170/2002 Samho, Korea (DD 02/2020) owned by Cobelfret was sold to Korean buyers of a price of USD 10,8 mill.

Greek owners Bright Navigation have emerged as the buyer of two Panamax sister vessel. M/V “Boreal” 74/2002 Namura & Sasebo, Japan (DD 03/2020) was…..

Source: Advanced Shipping & Trading S.A.

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Intermodal

WEEK 39 | Tuesday 01st October 2019

Edible oil products across the board are showing healthy amount of export activity, however, rates in most cases are struggling to move accordingly due to the CPP markets dragging them down. Sunflower oil exports from Black Sea are peaking; Soya bean oil exports are supported by MED demand and Palm oil movements look the brightest.

After a slow summer, September export volumes of Sunflower oil from Black Sea, especially to China, moved up significantly. Owners with CIQ approved…..

Source: Intermodal

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