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Tanker Market in the Cusp of a Structural Change

02.02.2021

The energy mix is bound to shift, as fossil fuels are expected to take a back seat, in favor of alternative fuels. As such, the tanker market is going to face structural changes moving forward.In its latest weekly report, shipbroker Allied Shipbroking said that “one of the dominating trends in investments since the beginning of the year and since the election of Joe Biden in the US presidential elections, has been the “clean energy” concept. 

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More Scrapping, Fewer Deliveries Bode Well for the Dry Bulk Market in 2021

15.01.2021

A smaller dry bulk fleet could be on the cards for 2021, should the existing trends and estimates materialize. In its latest weekly analysis, shipbroker Intermodal said that “we expect the rise in scrap prices amid the inflection of steel prices to multi-year highs to incentivize scrapping of vintage units (still more than 5.5% of the dry bulk fleet is above 20 years of age).

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LNG dual-fueled vessels make 10 % of tanker orders in 2020

18.11.2020

Risavika LNG front month has increased by 2.4 % week on week to 24.60 EUR/MWh. Colder weather forecast for the rest of November supported European front month gas prices. Still the gas supply side remains healthy and number of LNG cargoes arriving to Europe is increasing, thus, price increase was limited.

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Tanker Market Fundamantals Could Turn Positive As Supply Is Down on Most Classes

21.10.2020

Tanker supply is edging near a 5-year low in many segments of the market. This development could bring positive news for tanker owners in the mid-term, which could also help make a case for more investment both in the S&P, but also in the newbuilding market in the coming months.

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How the major dry bulk commodities drive the freight market into Q4

02.10.2020

The world is in the midst of the second coronavirus wave and with that comes the natural question of how the current dynamics will play out for the dry bulk shipping market. 

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Ship Owners Looking for More Deals in the Dry Bulk Segment

22.09.2020

Ship owners are actively looking for more deals in the dry bulk S&P market. In its latest weekly report, Intermodal said that it was “another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction in dry trade freight rates, there is still ample purchasing appetite displayed from interested parties, while vessel values – more or less – remain stable”.

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Pandemic Has an Unexpected “Silver Lining” for Ship Owners Financing-Wise

20.08.2020

Ship owners appear to have benefited from lower interest rates, when it comes to financing new deals.In its latest weekly report, shipbroker Intermodal said that “since the Covid-19 outbreak, governments and central banks around the globe have been using their ammunition and stimulus packages to keep their economies running.

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Chinese iron ore imports break record at 112.7 million tonnes

13.08.2020

China imported a record 112.7 million tonnes of iron ore in July, just shy of 10m tonnes above the previous record. July thereby marked the fourth month in a row that iron ore imports exceeded the corresponding month the year before. In the first seven months of the year, iron ore imports are up 11.8%, or an additional 69.5m tonnes, which is the equivalent of 300 extra Very Large Ore Carrier loads (230,000 tonnes).

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Ship Owners Starting to Make Waves in the Market

31.07.2020

Ship owners have been rather active both in the newbuilding and the second hand market for ships over the past week. In its latest weekly report, shipbroker Banchero Costa said that “several sales took place in the dry segment during the week although several countries such as Singapore, Hong Kong, etc. imposed stricter rules for crew change and this may affect future transactions. S Korean controlled Kamsarmax bulker “Wise Young” 82,000 dwt built in 2011 at Daewoo with SS/DD due in November (out-of-sync) 2020 will end up in Greek hands for $13.5 mln. 

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