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Dry cargo market report dated 1 October 2021

04 October 2021

Capesize: The Capesize market was in a steep climb for most of this week as it reached a pinnacle of $74,786 Wednesday before stalling, regathering, and then pushing on to $75,190 at weeks end. 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.

Tanker market report 1 October 2021

04 October 2021

After many months of pain, crude tanker owners will finally see an increase in the volume of Russian export cargos in the coming weeks. Loading schedules indicate rising shipments of Urals and CPC blend crude. Reuters estimates that Urals crude loading in Baltic ports such as Primorsk, Ust Luga and Vysotsk will increase to 6m tonnes in October from 5m tonnes in September. This represents an increase of approximately 20% MoM on total Baltic Ural loadings for October. Similarly North Sea production is up 10% MoM for October, while overall OPEC+ production is set to increase by another 400 kbd. All of which shows rising production across the board.  The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

New gas charter party hits the mark in busy market environment

01 October 2021

ASBAGASVOY, the new voyage charter party for gas tankers developed jointly by BIMCO and the Association of Ship Brokers & Agents (U.S.A.), Inc. (ASBA) has seen a rapid uptake after its release to the market in September 2020. Christian Hoppe, BIMCO’s General Counsel, has talked to BW LPG, Petredec and Clarksons about why ASGABASVOY was their preferred choice of charter party in a recent LPG fixture.

BIMCO COVID 19 weekly report dated 1 October 2021

01 October 2021

This BIMCO COVID 19 weekly report for the week ending 1 October covers updates from Saint Vincent and the Grenadines 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).

Sale & purchase report dated 28 September 2021

29 September 2021

SnP activity was softer this past week with only a handful of dry bulk and tanker units being concluded.  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.

Newbuilding report dated 28 September 2021

29 September 2021

The newbuilding market remains upbeat, with the dry bulk units having the lion’s share among the recently confirmed deals while it's interesting to note that all orders are destined for Chinese shipyards last week. The dry bulk bonanza has revived owners’ interest in newbuilding orders as earnings have reached outstanding levels during the past months.  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.

Demolition report dated 24 September 2021

28 September 2021

As the sub-continent markets continue their dreary trudge towards the onset of Q4, the industry seems to have entered a confused and shaky state, as all sub-continent market sentiments seem to be headed in the same direction i.e. downwards. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

BIMCO submits proposal to IMO to extend BWM experience-building phase

27 September 2021

BIMCO has submitted a proposal to the upcoming Marine Environment Protection Committee (MEPC) 77 with the aim to extend the experience-building phase (EBP) associated with the International convention for the control and management of Ships’ ballast water and sediments, 2004 (BWM Convention). The extension is deemed necessary due to slow progress of the data collection phase.

Dry cargo market report dated 24 September 2021

27 September 2021

Capesize: The Capesize market continued its assertive rally this past week reaching new highs in dramatic fashion.  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.