Market Reports

27 March

Drybulk Week 13

Market Reports, 27/03/2019

Capesize rates in the spot market weakened again last week after reports that Vale has not started all their mines after the accident, and that Hurricane Victoria ravaged outside Australia, which is an important market for the Capesizes. Recently, it became official that a number of mines going into deficit in Spain will be closed, which will lead to an increase in tonnes-mile in the dry bulk segment, which is positive. Also interesting to see that 12 month contracts increase from $ 11500 to $ 13,000. Is drybulk about to pick up again? Furthermore, we see that Panamax experiences a.

26 March

S&P Week 13

Market Reports, 26/03/2019

Tankers The market continues to remain relatively calm. However, there have been a couple of solid transactions in the secondary market. A 2001 built VLCC (298,410 dwt) went for $ 22m. What is more interesting for us is that two transactions were registered in the Aframax segment. A 2009 model (113,091) went for $ 22.5m and a 14-year-old ship (106,029) for $ 16m. This underpins the fact that ship values are in a rising trend when it comes to tankers. DryBulk The only activity of interest is a transaction of a five-year-old Kamsarmax (81,070) to $ 23,75m

18 March

EMF Weekly Tanker & Drybulk week 12

Market Reports, Uncategorized, 18/03/2019

Tanker market The rates in the spot market for Aframaxes strengthened marginally last week. It has been a busy week in both the Mediterranean and the Black Sea, yet the rates here have dropped somewhat. The average rates nevertheless strengthen overall, well helped by strong figures from the Baltic Sea and the North Sea. What is interesting to see is that an Aframax today earns almost twice as much a Suezmax in the spot market. Last week, we also saw jump towards the 20s for 12 month TC contracts, which are now $ 19500 per day. Aframax – 12 month.

10 December

Baltic Dry Index Week 49

Market Reports, 10/12/2018

BDI – Baltic Dry Index The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange that measures change in the cost of transporting various raw materials. The exchange directly contacts shipping brokers to assess price levels for a given route, a product to transport and time to delivery, or speed. The index consists of the Capesize index (BCI), Panamax index (BPI) and Supramax index (BSI), all created by Baltic Exchange. BDI – Week 49 It seems that the dry bulk markets have stabilized after the week November market. Capesize earnings kept front-running also.

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