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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 47 of 2018 (listed alphabetically):
19th November – 23rd November 2018 | Week 47
A month of sharp corrections and great asymmetries for the dry bulk sector, with the overall overview of the market shifting rapidly from a state of extreme bullishness to bearish in no time at all. Not long-ago, statements like robust sentiment, modest orderbook, sustainable fleet development, robust global economic growth and seaborne trade were some of the favorites topics discussed by most optimists in the market. But now, given that the scene has changed completely, and the upward momentum has faded away, what can we expect from the blurry picture presented in front of us? At the beginning of September, a mere breath before the start of the final quarter of…..
Source: Allied ShipBroking
Week 47 | 23rd November 2018
Low water levels on the Rhine have remained a persistent problem for the European commodity markets since the summer, forcing many refineries and industrial plants to reduce production, and in some cases to declare force majeure. Whilst most industries would have expected and planned for such lows over the summer months, few would have expected these levels to persist, and indeed worsen as the markets move deeper into winter. Indeed, just as one might have seasonally expected levels…..
WEEK 47 (16th November to 23rd November 2018)
Seanergy have sold their capesize “Championship” 179/2011 Sungdong with DD 10/2019, to clients of Cargill in a leaseback agreement. Seanergy will have the vessel on bareboat while Cargill will ultimately employ the ship on a five-year indexed contract with a re purchase obligation at the end of the period. As part of the deal, Cargill have provided financing for scrubber fitting.
K Line have sold their post-panamax “Kinko Maru” 91/2001 Imabari with DD 08/2019, to Chinese buyers clients of Dongguan Haichang for a high price of USD 11.5 mill. Note, the same buyers purchased the “Corona Frontier” 88/2000 Imabari beginning…..
Source: Advanced Shipping & Trading S.A.
WEEK 47 | Tuesday 27th November 2018
Last week I had the privilege to attend the SingularityU Greece Summit, in Athens. It was a privilege because you do not often have the chance to see and listen to world class experts from Silicon Valley talking about what the future holds for us. During these two full days we got to know about the new technologies and latest developments in sectors like energy, medicine, industry, space travels and many more. However, the two things that really impressed me were the (exponential) speed of change in all the sectors and the disruption that is happening or is about to happen again…..