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Capesize: The week in the Cape market has shown a mix of activity in both the Pacific and Atlantic regions.
Capesize: Firmer sentiment across both basins pushed the Capesize 5TC route average above the $20,000 threshold this week, closing at $24,209.
In the coming months, BIMCO’s Chief Shipping Analyst, Peter Sand, will participate in BIMCO’s very own webinar series: The Shipping Markets Checkpoint: threats and opportunities in a COVID-19 world, as well as numerous insightful virtual conferences focusing on the commercial shipping markets.
Enclosed space incidents have been a major cause of fatalities on board ships. While we are aware of the risks involved in enclosed space to a large extent, there are still some aspects that need our better understanding.
Join us on Thursday 5 April at 9.00 CET (10.00 CEST) to hear about the newly published BIMCO/FONASBA General Agency Agreement.
Sentiment in the SnP dry bulk market remains firm with increased buying appetite being noticed amidst the freight market positive performance. On the other hand, only a handful of tanker units changed hands with the poor progress of earnings shattering owners' confidence. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers. Secondhand asset values refer to Japan Blt vessels.
SnP performance this week was healthy and well-rounded across all sectors. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.
The current dynamics in the oil markets are very different to the conditions seen just a year ago. Back in June 2017, OECD crude stocks were firmly stuck at their record high level for this time of year. By April 2018 inventories declined below the five year seasonal average, providing clear evidence that the cutbacks in OPEC/non-OPEC production have proved effective in clearing the overhang of crude oil supply. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
Following the overwhelming number of sales concluded during the first week of May, things have slowed down in the SnP market, with dry bulk buyers quickly moving on the sidelines, while interest for tanker candidates remained firm with MR units proving particularly popular. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers.
Aframaxes in Focus: If there is indeed a decline in Russian crude exports out of the Baltic and the Black Sea ports, it will be another piece of bad news for Aframaxes, plagued by rapid supply growth. The weekly tanker market report by Gibson Shipbrokers.
