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Take a look below at our Shiprbrokers’ Weekly Market Reports for Week 47 (listed alphabetically):
21st November – 25th November 2016 | Week 47
Weekly Shipping Market Update
The oversupply issue in the dry bulk market has been over discussed during the years and especially so during the past 12 months, and as the industry starts to better manage further excess in the tonnage supply all eyes are focused on the rate of scrapping being noted as well as the orderbook to ratio. In terms of the former we have had quite the disappointment over the past 4-5 months, as the number of vessels being recycled has diminished considerably compared to the monthly levels we were seeing in the first half of the year. Being that the freight market has improved considerably…..
Source: Allied ShipBroking
Week 47 | 25th November 2016
Investing In Indonesia
The upgrading of Indonesia’s refining industry has been one of the government’s top priorities for nearly two years. The largest population in South Asia is heavily dependent on imported fuel to meet domestic demand. Estimates suggest that about half of Indonesia’s fuel consumption is processed by domestic refineries. Furthermore, data highlights oil demand could reach close to 2.3 million b/d by 2025. Without sufficient advances in domestic refineries, Indonesia could be on track to become one of the world’s largest product importers. The scale of upgrade required by the refining industry is further…..
Advanced Shipping & Trading S.A.
WEEK 47 (19th November to 25th November 2016)
End of November, the end of Autumn and market numbers this week has shown a slight downtrend on the cape market inflating the BDI index. In contrast with all other sizes that lead to firming up further than the previous week in an even stronger market. Today’s closing price of the main sea freight index was at 1181, bringing the market to a slight decrease of76 points as from last Friday. At the same time, the most volatile BCI continued to show uncertainty comparing with the rest of the market with this week’s closing price to be2263.The latter led to a decrease comparing to last week…..
Source: Advanced Shipping & Trading S.A.
WEEK 48 | Tuesday 29th November 2016
If you’d put a five pound bet on Trump, Brexit and Leicester winning the Premier League you’d now be £15 million richer.
However, the real bet for us in shipping, lies on the impact that new polices will have on international trade. A potential shift of US towards domestic protectionism through international trade restrictions comes at a time when the global trade is forecast to grow by just 1.7% this year, the slowest…..