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The Marine Environmental Protection Committee (MEPC) agreed on guidance for a malfunctioning scrubber at a meeting in London last week.
The ups and downs in the respective tanker and dry bulk freight markets have failed to put a break on Buyer’s appetite, with a generous number of sales reported during the past days in both sectors, while as far as bulkers are concerned , Capesize candidates remain rather unpopular at the moment. 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.
Recently reported newbuilding activity has seen a small slowdown compared to the average weekly volumes we have been seeing since the beginning of the year, while focus has been exclusively on tanker and gas carrier orders last week, with another MR order reaffirming the popularity of this size this year as far as ordering is concerned. Initial data for the first four months of the year shows a slowdown of about 18% in overall contracting activity. In terms of sector specific differences, newbuilding ordering in dry bulkers is down around 60%, with tankers also showing a drop of around 36% at the same time and gas carriers looking at a decrease of around 30%, while ordering in the container sector is steady year to date. 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.
Despite decades of the shipping Industry's and the regulators' efforts in developing guidance and even changing the SOLAS regulations, it has to be admitted that the task of entering enclosed spaces is still a high risk operation.
BIMCO’s Chief Shipping Analyst will be participating at the TOC Europe in Rotterdam on 18 June 2019.
SnP activity is firming up for both tankers and bulkers. Buyers showed particular interest in both markets for small sizes. More specifically, the majority of sales on the tanker side were for Chemical tankers and MRs, while on the dry bulk sector was for Handies up to Supramaxes. 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.