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Tanker Shipping - Winter brings a spike for VLCCs

11 December 2013

The freight market for VLCCs was surprisingly strong in November, building on top of a rally starting back in September from very sluggish levels. There is a significant influence from seasonality behind this as Asia, and the northern hemisphere in general, prepare for Winter.

Life after death in the Sales & Purchase markets

14 November 2010

Following the ultimate Sales & Purchase peak in 2007 where vessels valued at USD 40 billion were traded, the last 4 months of 2008 and most of 2009 were comparable sinkholes. Now the secondhand markets are on the rise again and on course to hit a total sales value of USD 20 billion for the full year comprising the three main segments, dry bulkers, tankers and container ships. This represent a rise in sales value equal to almost 60% y-o-y, up from USD 12.7 billion in 2009. With only 10% more ships traded – the secondhand value of the fleets have considerably surged.    

Container Shipping - Going slow across the board has brought back black bottom lines

13 October 2010

Forecast: BIMCO expects the fourth quarter to be a difficult one, with volumes going down from recent highs. This may also mean idling vessels becomes more normal again as they are removed from stings or simply temporarily abundant as volumes tighten. During the first half of 2010 the container trade has made a remarkable comeback. Rates have doubled on many routes and volumes have returned from the abyss to the benefit of many owners who have switched from red ink to black as a result of this.

Macro Economics - Uemployment, sovereign debt and deficits remain challenging before growth can firmly be called sustainable

14 October 2010

Global Economy: WTO says that trade is likely to grow by 13.5% in 2010. This is an upward revision of world trade from the March forecast of 10%. The massive growth comes back-to-back with the 2009 decline of 12.2%, and has to be seen in that perspective. However, the news is positive and definitely helpful for the global economy as it struggles to leave the crisis behind and sustain positive growth going forward.