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Take a look below at our Shipbrokers’ Weekly Market Reports for Week 50 of 2019:
09th December – 13th December 2019 | Week 50
With just two weeks remaining before 2019 comes to an end, it is now looking set that this year will be one of the slowest in terms of dry bulk newbuilding activity. New ordering activity has been curtailed significantly (especially when compared with the two preceding years) and the worldwide orderbook has significantly deflated during the past 12 months, as a result of the excessive volatility that has dominated the…..
Source: Allied ShipBroking
Week 50 | 13th December 2019
India, which is home to over 1.3 billion people was once heralded as one of the most important drivers behind oil demand growth. To put it into perspective, India has 1 billion more people than the United States but only consumes a quarter the amount of oil, underpinning its potential. However, slower economic growth rates are denting demand, impacting on both crude and products tanker trade. If Indian growth stays lower for longer, world…..
WEEK 50 (06th December to 13th December 2018)
Orion Bulkers have sold their Capesize “Gotia” 178/2012 SWS, China (DD 04/2020) to Greek buyers Enterprises Shipping) at a price of USD 23 mill while last week we saw the sale of “Bulk Harvest” 176/2012 Jinhai, China at levels USD 19 mill. In addition, Cobelfret’s “Lowlands Orchid” 176/2005 Universal, Japan (SS/DD 10/2020) was sold for USD 15,9 mill, similar levels with last week’s Newcastlemax sale of…..
Source: Advanced Shipping & Trading S.A.
WEEK 50 | Tuesday 17th December 2019
As we all know very well by now, the reduction in the maximum allowable sulphur content of marine fuels in 2020 is likely to have a massive impact for many in the industry. Shipowners will need to make tough decisions on how their vessels will comply with the new limit, charterers who buy fuel will need to know how it will economically affect them and seafarers will have the ultimate challenge of ensuring vessels continue to run safely and…..