March 26th, 20200Deals for secondhand tonnage are drying up quicker than people’s throats. There’s the logistics of sealing a deal first up - being able to inspect a ship and get your crew to it has never been more tricky. Then owners are having to factor in the ramifications of a looming global recession, asking themselves is now really the time...
March 19th, 20200The S&P activities in all bulker, tanker and containership sectors have fallen this week as the impact of the coronavirus continues to weigh heavily on the shipping markets. The increasing uncertainties in the market and the difficulties of inspecting and delivering ships as more and more regions of the world are shutting down, have...
March 12th, 20200Activities in the secondhand bulker S&P market scaled back this week with limited assets being put on the market for sale as the sellers are reviewing their ships’ profitability from both a sale and charter point of view with most vessel sizes - bar capes - now trading above opex. "Activity on the dry bulk side has returned to...
March 5th, 20200The two dominant nationalities in the world of S&P have clearly decided bargains are there to be had and Splash has recorded above average sales in all three main shipping segments this week. Chinese and Greek owners have led the charge, picking up cheap tonnage in anticipation of a strong rebound in volumes as trade in and out of...
February 27th, 20200Tankers trading hands have led the way recently in what has been overall been a muted few weeks for ship transactions with failed bulker sales dominating headlines. Allied Shipbroking's indicative dry bulker values show that the average prices for five-year-old 180,000 dwt capesize bulkers and 10-year-old 170,000 dwt capesize bulkers...
February 20th, 20200The ongoing doldrums in both the dry bulk and tanker market has failed to curb the appetite of buyers in the S&P market this past week with a fair amount of deals concluded. However, a slowdown in concluded deals was seen compared with volumes in prior weeks, especially in the larger size segments. With further discounts offered in...
February 13th, 20200The bargain hunters made another round of acquisitions this week in the secondhand bulker S&P market with the hope that the capesize market has bottomed out, while the tanker S&P market saw a downward correction this week with the coronavirus casting a shadow on the VLCC market. Owners and charterers are waiting for more clarity...
February 6th, 20201Dry bulk sentiment plunged in dramatic fashion this week. Capesizes saw a 200% drop in rates in a week to push the Baltic Capesize Index into unchartered negative territory, forcing the Baltic Exchange to review how it charts cape fortunes. Coronavirus, record rainfall in Brazil and an approaching cyclone off Australia have all added to...
January 23rd, 20200The sale and purchase market was again dominated by tanker sales this past week, while there was also a noticeable pick up in boxship deals on the back of the current solid charter rates on offer across many container ship sizes. Bulker investments, however, have been thin on the ground with the Baltic Dry Index edging close to record...
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...
