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Tanker market report 24 September 2021

27 September 2021

The current strength in gas prices is having major ramifications for global energy markets. Record prices in Europe and Asia are forcing utility firms to look for alternative energy sources and have pushed some companies into bankruptcy. Many have been forced to burn more coal despite the environmental consequences, whilst oil-based fuels will also receive a demand boost in regions where oil fired power capacity still exists. With oil demand expected to find some support, could tankers finally receive the catalyst they have been longing for? The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

Smart Maritime Network - Copenhagen Conference

24 September 2021

BIMCO's Chief Shipping Analyst Peter Sand will attend the Smart Maritime Network – Copenhagen Conference on 6 October as a panelist at 03:55PM. Peter Sand and other experts will discuss the "Role of Leaders and Policy Makers in Digital Trade" and will touch upon the following topics:   -         Building a coherent and comprehensive approach to digital transformation -         Leveraging return on investment -         The importance of purpose in a digital transformation strategy

BIMCO expands its Asian presence

24 September 2021

Deputy Secretary General, Søren Larsen, is expected to relocate to Singapore in the first quarter of 2022 to facilitate BIMCO’s ambition to strengthen support to members and the wider maritime community in the region.

BIMCO COVID 19 weekly report dated 24 September 2021

24 September 2021

This BIMCO COVID 19 weekly report for the week ending 24 September covers updates from China, Denmark, Russia, UK P&I Club, the North American Maritime Ministry Association 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 21 September 2021

22 September 2021

The SnP activity maintained its strong volume of deals this past week. A total of 16 dry bulk and 8 tanker units changed hands with buyer’s interest being distributed in all sizes. 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 21 September 2021

22 September 2021

After a short-week break, owners’ appetite for Container units resumed with the number of deals surfacing in the past days highlighting that interest for contracting in the respective sector has remained robust. 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 17 September 2021

21 September 2021

Despite the recent downturns in the sub-continent markets, which have seen prices correct by as much as USD 25/Ton of late, levels still remain at historically impressive highs across the sub-continent markets. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 10 September 2021

21 September 2021

After a wobbly late August that finally saw the recycling markets even off over the last couple of weeks, sub-continent markets (India and Bangladesh) witnessed a noteworthy drop in steel plate prices this week, as local sentiments started to increasingly take a step back, in anticipation of a further decline. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 3 September 2021

21 September 2021

Far from being the traditionally quieter summer / monsoon months, July and August have passed with marginally weaker, albeit (still) record numbers above USD 600/Ton and deals still being concluded, particularly in the beleaguered tanker and offshore sectors! The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.