Showing 161 - 170 of 200
Buyers have displayed increased appetite across all of the dry bulk, tanker and container sectors last week. In the tanker sector, we had sale of the “ENEOS TOKYO” (300,976dwt-blt ‘04, Japan), which was sold to Chinese buyers, for a price in the region of $31.0m.
Given the performance of the tanker freight market it is no wonder that interest in the second-hand market has shifted almost entirely on tanker candidates in the past days, while dry bulk buyers seem to have moved to the sidelines for now. 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.
In recent weeks, several publically listed tanker companies announced thier decisions to postpone scrubber installations. The weekly tanker market report by Gibson Shipbrokers.
Opec crude production fell by 240,000 b/d in February to 30.68 million b/d, its lowest level in 4 years. February numbers show a significant over compliance, with Saudi Arabia leading efforts to implement cuts with a 153% compliance rate, some 170,000 b/d already below their overall target. Iraq and Saudi Arabia alone contributed 170,000 b/d in additional cuts between them in February alone. However, having already cut production close to their original 2019 target, they may now be missing the opportunity to capture market share in the face of rising demand. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
