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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 42 of 2019:
14th October – 18th October 2019 | Week 42
Despite the downward correction that has been noted in the dry bulk market over the past month, rates are still holding off at favorable levels. Evidence of this can be seen to how the Baltic Time Charter Average earnings for all the different size segments is still holding above their respective levels noted during the same time period last year (and these are the peak levels that were noted in the 4Q18). This is quite a remarkable feat given all that has transpired during the last 12 months in the market and the continuing turmoil the market is subjected to as part of a series of global trade tensions. The demand hype that has been witnessed since late July has helped most of the size…..
Source: Allied ShipBroking
Week 42 | 18th October 2019
Donald Trump’s ‘shock’ decision to withdraw American troops from Syria last might not immediately appear to have implications for the oil markets. After all, Syria has effectively been excluded from the oil market since 2011. However, it is not Syria that we need to focus on, rather the impact on Turkey, which does have a more meaningful role to play in the global oil markets.
Politics are once again at play. The presence of American soldiers in Syria acted as a deterrent to Turkish operations against Kurdish…..
WEEK 42 (11th October to 18th October 2018)
2020 Bulkers have agreed to sell two Newcastlemax resales “Bulk Seoul” 208/2019 & “Bulk Shanghai” 208/2020 New Times, China to Norwegian buyers Ocean Yield for USD 47 mill each in a deal that includes less USD 5 mill sellers credit (which brings the price down to USD 42 mill for each of the vessels) and 13 years BBB to the sellers.
BW Group have sold their Kamsarmax “BW Hazel” 82/2013 Spp, Korea (DD 07/2021) to European buyers at USD 21,75 mill after long subs. Remind you that…..
Source: Advanced Shipping & Trading S.A.
WEEK 42 | Tuesday 22nd October 2019
Moving closer to the end of the year, we are facing what the market was expecting for quite a while, the ship repair sector booming with the ship-yards stretching their capacity to the maximum possible. Their only task, to accommodate as many projects as possible despite the prevailing re-strictions on berthing capacity, craneage lifting capacity and resources. At the same time, the mentality of owners has already adapted to the ‘new era’ with the majority of them demonstrating the maximum possible flexibility to…..