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Tonne mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020.
The nationwide lockdown in Bangladesh has been extended until the evening of April 13th as Covid-19 cases continue to worryingly escalate in the country, whilst Bhavnagar on the other side has also imposed a curfew of its own, following the lockdown imposed in the state of Maharashtra (where Mumbai is) last week, possibly affecting the international departures of incoming crew. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
President Biden made it clear throughout his election campaign that he planned to re-engage with Iran, aiming to bring the USA back into the Joint Comprehensive Plan of Action (JCPOA). The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
Fortescue Metal Group (FMG) announced it will cancel its tender for 10 LNG fuelled 209,000 dwt bulkers, which was only issued earlier this year. As a result of Easter, Gibson Shipbrokers published an LNG Market Insight, instead of the usual weekly tanker market report.
The secondhand market activity is slightly subdued with fewer concluded sales coming to light compared to the previous weeks. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers. Secondhand asset values refer to Japan Blt vessels.
Tanker and Container units attracted most of the owner’s interest in the Newbuilding market, with the latter sector being extremely popular for another week and with Neo-Panamax size having the lion’s share among the surfaced deals. The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.
Rising Covid-19 cases across the sub-continent have led to further lockdowns in a number of countries, especially as certain areas (as seen recently with much of Europe) suffer from, what now seems to be a third wave of the virus, despite the increasingly positive impacts being reported from the rollout of the various vaccines globally, in addition to the lockdowns. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Secondhand activity witnessed a slowdown last week, with both dry bulk and tanker SnP deals at fairly lower numbers compared to the previous week. The weekly sale and purchase report by Intermodal Research & Valuations features secondhand sales market prices for crude oil- and oil product tankers, dry bulk carriers, container ships and gas tankers. Secondhand asset values refer to Japan Blt vessels.
On the newbuilding front, Containership ordering activity made the head-lines last week. The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.
Several large LDT sales have taken place this week, as Owners dip in to take advantage of the red hot sub-continent markets of the moment. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
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