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Another robust week for the newbuilding market, with more sales across all segments. The weekly newbuilding report by Intermodal Shipbrokers, provides an overview of the newbuilding market, price by ship type.
The newbuilding market had a modest week in terms of contracting, with the majority of orders coming from gas carriers, with a total of 13 vessels ordered. The weekly newbuilding report by Intermodal Shipbrokers, provides an overview of the newbuilding market, price by ship type.
The previous week was the one that put an end to the quiet market with a total of 9 orders, representing 21 firm vessels. The weekly newbuilding report by Intermodal Shipbrokers, provides an overview of the newbuilding market, price by ship type.
The newbuilding market continues to be subdued with only a few orders this week. The weekly newbuilding report by Intermodal Shipbrokers, provides an overview of the newbuilding market, price by ship type.
Last week was another strong week with a total of 15 firm orders, with several sizes in the spotlight. The weekly newbuilding report by Intermodal Shipbrokers, provides an overview of the newbuilding market, price by ship type.
After the Easter holidays when newbuilding activity was slow, contracting interest came back stronger with a total of 23 vessels being ordered. The weekly newbuilding report by Intermodal Shipbrokers, provides an overview of the newbuilding market, price by ship type.
Brazil remains on track for a record maize harvest this year, and exports could rise 8% in 2023. Brazil could thereby become the world’s largest maize exporter this year, which would partially offset weaker harvests in the US, Argentina, and Ukraine, and benefit panamax and supramax ships.
Increasing ship deliveries and slowing volume growth will weaken supply/demand balance, possibly to levels not seen during the past ten years.
The product tanker orderbook to fleet ratio has surged from 5.4% in December 2022 to 9.3% in June 2023, driven by a remarkable 337% y/y rise in contracting during the first half of this year. A spike in freight rates and product tanker demand is likely behind the surge in contracting.
