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Take a look below at our Shiprbrokers’ Weekly Market Reports for Week 51 of 2017 (listed alphabetically):
18th December – 22nd December 2017 | Week 51
As we start to slowly wind down during the final days of the year, it is a good time to take a look back on what we saw and were we stand in the tanker markets.
Average TCE VLCC rates for the year are hovering below US$ 10,500pd which is around a third of the average of 2016 rates which were US$ 30,400pd. On a slightly better note, Suezmax TCE rates, although down year on year have only fallen to around half of what they were, with the TCE having average at US$ 12,500pd this year. Similar to the Suezmax market, average Aframax TCE rates have also fallen to…..
Source: Allied ShipBroking
WEEK 51 (15th December to 22nd December 2017)
Just one week before the dawn of 2018, with seasonal festivities in full swing and Christmas holidays just around the corner as a recap we saw the global economy this year in much better shape than a year earlier. Although, near the end of the trading year, a softer tone is widely expected in both freight and S&P markets. After reporting impressive gains on a yearly basis, bulker prices moved slightly towards south during the last month. Despite that, there are positive vibes on dry bulks asset prices the last…..
Source: Advanced Shipping & Trading S.A.