23 April 2019
SnP activity keeps firming on a weekly basis, with MR tonnage remaining particularly popular in Buyers investing in the sector at the moment, while on the dry bulk side we had the first Capesize sale for 2019, which compared to the last done back in November indicates a discount of almost 13%.
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.
06 March 2019
In one of the busiest weeks of 2019 in terms of reported orders, the appetite for newbuilding tonnage across the more conventional sectors remains evident, while despite the overall drop in dry bulk orders this year so far it seems that Post-Panamax orders remain popular among owners looking to invest in the sector.
The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.
09 January 2019
The very healthy activity the newbuilding market has seen throughout 2018 has definitely set the bar high for the current year and although we believe that things will not be as busy during 2019, it seems that January has kicked off with an impressive number of orders. Indeed, in the list with the most recently surfacing deals, we see contracting appetite very much alive across all of the more conventional sectors, with gas carrier orders once again standing out given the recent boom in contracting the sector has seen.
The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.
04 March 2019
Despite the smaller list of freshly inked deals surfacing compared to the week prior, contracting activity in both the dry bulk and tanker sector remains healthy indeed, with the pair of Kamsarmax units ordered by Foremost Group bringing the number of firm 2019 reported orders in this size to thirteen. This translates to an admittedly impressive 30% increase for Kamsarmax orders year to date, which comes as additional confirmation that newbuilding activity continues to find inspiration much more on expectations of a stronger market in the next couple of years and less on the performance of the freight market in the year so far, which on its own has been anything but inspirational for additional ordering.
The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.
27 March 2019
In terms of recently surfacing orders, last week has certainly been quieter when compared to average weekly volumes throughout the first quarter of the year, with the order of four firm Handysize vessels in Japan certainly being the most notable, given that this is the second Handysize order during the year so far, which brings the total 2019 orders in the size up to eight. Compared to the first quarter of last year, this means that Handysize ordering is increased about 300%, which is quite significant especially if one compares this increase to the dramatic decrease in ordering of Capesize/VLOC vessels this years, which is estimated at -92%, outlining the difference in prevailing sentiment in the two sizes.
The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.
18 December 2018
This article contains extracts from BIMCO's Reflections 2019, which will be available in full on 2 January 2019 on www.bimco.org and will be sent out to all BIMCO members alongside thier free member copy of BIMCO's Holiday Calendar 2019.
14 January 2019
Instability seems to be the key word in the subcontinent markets this week, with all locations precariously poised and seemingly heading downwards, as 2019 embarks on a rather negative and tentative start.
The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
28 January 2019
Since the advent of 2019, the declines witnessed across the Indian subcontinent markets have shown no signs of abating and increasingly desperate Cash Buyers finally started to offload their hefty existing (and expensive) inventories at ever decreasing rates.
The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
15 April 2019
Like all other crude tanker segments, Suezmax rates have been on a rollercoaster ride over the past six months. Earnings surged in the 4th quarter of last year, in part due to major Turkish Straits delays, in part due to marginal fleet growth. Of course, other factors were at play as well, such as higher Middle East/Russian crude exports in Q4 2019, prior to the re-imposition of the production constraint. The picture now is very different. Earnings on benchmark routes in the Atlantic Basin declined steadily during the 1st quarter, averaging in March close to OPEX. Once again, the decline has been triggered by a combination of factors.
The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
07 January 2019
Late in 2018, China issued a raft of additional refined product export quotas to cope with a domestic oversupply of fuel. These additional volumes were partly responsible for the strength of the Asian product tanker market towards the end of 2018 and the persistent weakness in the Asian oil products markets. For many the question is therefore: what will Chinese refined product export volumes look like in 2019, and can they help sustain the regional product tanker market?
The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
