Giuseppe Rosano, director at broking house Alibra Shipping, has also caught rumour of such deals but is still looking to confirm names of owners and traders.“I have heard of a few traders fixing their capes on panamax stems, so I feel there are quite a few,” he told TradeWinds.By Michael Juliano … [Read more...] about Seanergy Maritime fixes capesize bulker on panamax coal stem
Product tanker trade experiencing more optimism amid drawdowns in petroleum inventories “The rate is strong considering the vessel is Chinese-built and without scrubbers, and especially the optional rate is a high rate indicating that the charterer is bullish about the market for 2022,” brokerage … [Read more...] about Period charter activity for MR tankers heats up
Booming rates Ultramax rates for one-year have seen a year-to -date increase of 61% with the April average for one-year at $18,500/pdpr* according to Alibra’s timecharter estimates. Meanwhile cape rates continued to rise at a slower rate of 42% but then earlier this month the BCI soared thanks to … [Read more...] about Capesizes have caught up with smaller bulkers and could regain their hold in spot market
• Q1 period rates for bulk carriers have increased across the board, capesize rates are up 42% compared to the same period last year. However, the smaller sizes have seen the biggest jump in rates with handysize timecharter rates for one-year almost doubling year on year to an average of … [Read more...] about Dry Bulk Q1 commentary
Sentiment for dry bulk is looking good this year with demand moving up, yet there are still many challenges to overcome on the road to recovery from the pandemic. However, the strength of the capesize market last month has galvanised sentiment for dry bulk going forward this year. Dry bulk freight … [Read more...] about As cape market cools, this might be the year of the smaller bulker
By Rebecca Galanopoulos Jones- Head of research, Alibra Shipping Ltd. As the dry market dropped off following the highs seen in September 2019, the underlying sentiment was that only a resolution in the ongoing trade war between the US and China would signal a change of fortune and provide a … [Read more...] about Coronavirus fears add to worries over health of global dry market
Overall current orderbook levels are low on the whole both for tankers and dry and this is allowing the yards to manage orders efficiently which is one of the reasons why slippage- the amount of ships due to be delivered during a certain period that are shunted over to the next- levels have been on … [Read more...] about Has the pandemic had an impact on slippage and orderbook levels?
Tanker shipping was one of the few winners amid the global rout in stock markets and oil prices seen during the first few months of this year, in the face of falling industrial activity and weak demand as the world came to terms with the coronavirus pandemic. Over the last few months, we have … [Read more...] about Tanker groups emerge as oil market turmoil winners