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This BIMCO COVID 19 weekly report for the week ending 15 October covers updates from Greece, Mauritius, Portugal and the latest from the International Maritime Organization (IMO). Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, World Health Organization (WHO) and International Labour Organization (ILO).
In the Secondhand market, the appetite for dry bulk units remained strong during the past days. In the tanker realm, MR units almost monopolized buyers’ interest while no crude tanker unit sales emerged last week. 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.
Boxships attracted most of the interest last week with a plethora of deals coming to light. At the same time, a decent number of dry bulk units were ordered while given the complete absence of tanker newbuilding contracts during the past two months, the presence of four firm plus two optional LNG fuelled Aframax units from Greek owner Tsakos at Daehan shipyard caught our attention. 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.
BIMCO Immediate Past President Şadan Kaptanoğlu will be joining the panel discussion on Wednesday 20 October at 10:10 EET (GMT/UTC+3) "Shipping Prospects are stronger than for a decade: the new responsibilities of shipping".
After a couple of weeks of mixed performances in steel plate prices from the sub-continent markets where the industry witnessed Indian levels suddenly jump towards the end of last week, whilst both Pakistani and Bangladeshi markets saw their plate prices decline, this week, the respective pendulums appear to be swinging back. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Capesize: The Capesize market continued its bull rally this week as we move into the tail-end quarter of the year. The Capesize 5TC managed a high of $86,953 on Thursday before closing out the week on a softer note at $83,865. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.
US crude production has averaged this summer some 600,000 bpd above the level seen in summer 2020. However, on an annual average basis, US crude output in 2021 is still likely to average at slightly lower levels compared to 2020, in part due to disruptions caused by Hurricane Ida. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.
This BIMCO COVID 19 weekly report for the week ending 8 October covers updates from Brazil, Latvia, Oman, Singapore, United Kingdom, the UK P&I Club and the latest from the International Maritime Organization (IMO). Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, World Health Organization (WHO) and International Labour Organization (ILO).
BIMCO's Chief Shipping Analyst Peter Sand will attend Bulk Terminals Riga 2021, an online event aimed at the entire dry bulk market on the concern of operators. The event will take place from 18-22 October, and where Peter will be speaking in the "Markets and Opportunities" session the 18 October between 12:00 – 15:00 GMT.