January 16th, 20200The sale and purchase activities for secondhand dry bulk vessels have picked up in the second week of 2020 with bargain hunters out for January sales while tanker S&P volumes remain firm. According to the latest Alibra report, the dry bulk market has faced additional pressure this week and rates have continued to fall in almost...
January 9th, 20201Could tanker and dry bulk fortunes be more divergent in the first few days of the new decade? Tankers, led by VLCCs, are massively profitable at the moment, while bulk carriers are going through their normal purgatory twixt Christmas and Chinese New Year. The deterioration of the dry bulk shipping market has extended with the Baltic...
December 20th, 20190Owners are leaving for holiday later than normal this year, snapping up huge volumes of tonnage to bring some cheer to what has otherwise been a Scrooge-like year for sale and purchase brokers. Data from VesselsValue shows that 2019 is likely to end as one of the quietest for the S&P sector this decade, but a solid December of...
December 12th, 20190The 50th week of 2019 has proven a surprising buying banquet for shipowners with a huge volume of ships changing hands. The fact is rates are holding up better than many could have hoped for considering the time of year. This resilience has seen wallets open for considerable tonnage. According to Alibra’s latest report, capesize...
November 14th, 20190The sale and purchase market for both bulkers and tankers has seen a major scale-back in activities as freight markets weakened and owners declined to accept comparatively strong secondhand prices. According to London brokers Alibra, the capesize period market softened again this week with very little Brazil-China trade and Vale...
November 7th, 20190The secondhand tanker sale and purchase market continued to see plenty of activity and interest this past week as buyers remain inspired by the recent rally in freight rates. Meanwhile, business bounced back in the dry bulk sale and purchase sector despite rates showing a gradual downward correction all week long.
Allied...
October 31st, 20190Tankers continues to be hot in the secondhand sale and purchase sector, especially the large crude tankers, despite the recent corrections in the VLCC market where chartering rates are now down to around $80,000 per day. Prices for secondhand VLCCs have jumped by around 15% since mid-September. Despite the buoyant times, the actual...
October 24th, 20190The sale and purchase market for both bulkers and tankers has seen a rebound from the previous week with substantial deals reported, despite rates coming under pressure. According to a report by Allied Shipbroking, average prices for secondhand bulk carriers in almost all size and age groups dropped by 1% to 6.3% in the past month...
October 17th, 20190Tanker prices have leapt across the board this week due to the hot chartering market and a shortage of available tonnage on the market. Data from Braemar ACM shows that one in five VLCCs in operation today face restrictions from US sanctions, and research carried out by the shipbroking house also shows that just over a sixth of the...
October 10th, 20190While all eyes were on the booming tanker spot markets this week, which hit decade highs, spare a thought for those in dry bulk who are having to contend with the real possibility of another deflating Q4. The final quarter of 2018 was much hyped and proved a damp squib - and there is growing sentiment that history could be repeating...
