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Following the previous week's soft SnP activity, appetite for dry bulk secondhand units resumed to strong levels. 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.
The newbuilding market continues to see softer activity compared to previous months with the most recently surfacing orders concerning exclusively non-conventional units. 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.
Last month the International Energy Agency (IEA) released its Net Zero 2050 report, outlining the actions that are needed to achieve net zero emissions globally by 2050. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
All fiscal budgets in the Indian sub-continent markets have been announced in the past month or so, without any duties / taxes being levied on their respective domestic ship recycling sectors, and this has left all areas positively positioned moving into the summer / monsoon months. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The shipping industry has welcomed the growing momentum for a USD 5 billion R&D Fund for shipping, but is calling on governments to act in line with their climate commitments and not waste more time in moving forward with decisive action to support the decarbonisation of the industry.
Looking at the list of most recently reported orders, the complete lack of both dry bulk and crude carrier units does not go unnoticed; indeed, since the beginning of June, only two Kamsarmax and two Suezmax orders have been placed as far as the more conventional units are concerned. 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.
A significantly softer Secondhand market activity materialized last week, with only a handful of dry bulk and tanker orders coming to light. 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.
With budgets due in both Bangladesh and Pakistan this week, it has been somewhat of a tentative period for both markets, with much of the recent momentum stalled whilst rates and sentiments have been declining (in Chattogram in particular). The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
With the summer holiday season nearly upon us, attention turns to the state of the jet fuel market as it contends with the opposing forces of rising demand and on-going Covid-19 travel restrictions. The weekly tanker market report by Gibson Shipbrokers features an overview of the crude oil and oil product tanker market.
The Round Table of Shipowner Associations and OCIMF have expressed their full support for the launch of Nigeria’s Deep Blue Project.
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