bluVerve strives to bring you the most relevant information at your fingertips, be it your own company data or general market reports.
Take a look below at our Shipbrokers’ Weekly Market Reports for Week 45 of 2019:
04th November – 08th November 2019 | Week 45
With less than two months remaining before we bring down the curtains on 2019 and with the freight market having shown a fair correction over the past month, it seems as good point as any to take a look back on how the fleet has developed in one of the most popular dry bulk segments, namely that of the Panamax/Kamsarmax size class. A considerable increase has been witnessed in the total fleet year to date. A point even more remarkable when compared to the respective figure back in 2018. The total fleet today is estimated to be 2,231 units (or 173.94 MMdwt), 5.2% more than fleet in service in the beginning of the year (2,120 vessels at January 2019). The respective rise in 2018 was just 2.13%, while in 2017 the figure was even lower at…..
Source: Allied ShipBroking
Week 45 | 08th November 2019
Not Sold for Scrap
One of the key developments in tanker supply this year has been a near absence of the demolition activity. During the 1st ten months of 2019 just 30 tankers over 25,000 dwt were reported sold for scrap. About half of all demolition activity has been in the Handy/MR size group, with 17 units removed since the beginning of the year. There were 3 Panamaxes/LR1s demolished and just 1 tanker in the LR2/Aframax size group. The count is marginally higher for larger crude carriers, with 5 Suezmaxes and…..
WEEK 45 (01st November to 08th November 2018)
Dubai Navigation have sold their Panamax “Arethusa-I” 75/2001 Samho, Korea (SS/DD 01/2020) to Greek buyers for a price of USD 6,5 mill while last month the one-year-younger Japanese built M/V “Oregon” 74/2002 Oshima was sold for USD 7,9 mill. In addition, the geared Panamax “Desert Eagle” 74/2002 Daewoo, Korea (DD 04/2020) of Atlantic Bulk Carriers was reported…..
Source: Advanced Shipping & Trading S.A.
WEEK 45 | Tuesday 12th November 2019
The improvements seen in the dry bulk market during the unexpectedly strong Q3 brought enthusiasm and optimism for a last quarter rally. Indeed as the BDI surpassed the 2,500 points level at the beginning of September, everyone in the market got excited about what was coming next, with the upcoming low sulphur regulations and the decrease in ordering activity…..