Handysize

d’Amico Sign US$ 25.7 Million Sale and Leaseback Deal

  • d’Amico Tankers signs deal for  Product tanker sale and leaseback with a Japanese counterparty.
  • The sale of the 45,999 dwt MR tanker for a consideration of USD 25.7 million.
  • The sale of the Hyundai-Mipo-built High Voyager to bring in around USD 9.6 million,  contributing to the liquidity required to complete DIS’ fleet renewal program.
  • DIS’s current fleet comprises 49.5 double-hulled product tankers with an average age of about 6.9 years.
  • d’Amico Tankers additionally has one LR1 product tanker...

http://mfame.guru/damico-tankers-sign-mr-tanker-sale-and-leaseback-deal/

Weekly Bulk Report – Week 12, 2019

The Baltic Briefing has released Bulk carrier maritime activity report for the 11th week of this year. The report formulated on 22nd March 2019 highlights the situation in the bulk carrier market including trading activities, freight rates, and charter rates.

Capesize
  • The big ships endured heavy losses last week extinguishing any hopes from the recent minor rally.
  • Negative sentiment gained pace throughout the week, Cyclone Veronica developed in North-Western Australia prompting Port Hedland and...

http://mfame.guru/weekly-bulk-report-week-12-2019/

Weekly Bulk Report – Week 11, 2019

The Baltic Briefing has released Bulk carrier maritime activity report for the 10th week of this year. The report formulated on 15th March 2019 highlights the situation in the bulk carrier market including trading activities, freight rates, and charter rates.

Capesize
  • The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week.
  • Pacific-led gains were seen early in the week. As the market drew to a close on Friday, higher...

http://mfame.guru/weekly-bulk-report-week-11-2019/

Pacific Basin Invests in Scrubbers and Ballast Systems

  • Pacific Basin focuses on the 3 new regulations.
  • 14 vessels have already been fitted with Ballast Water Treatment Systems and retrofit for the other 97 ships with a system by the end of 2022.
  • Handysize ships will comply by using low-sulphur fuel and company is well prepared with scrubber makers to install scrubbers on their owned Supramax vessels.
  • Presently up to 28 vessels will be fitted with scrubbing systems.
  • Cut of greenhouse gas emissions from shipping by at least 50% by 2050 and improve...

http://mfame.guru/pacific-basin-invests-in-scrubbers-and-ballast-systems/

Bulk Report – Week 9, 2019

The Baltic Briefing has released Bulk carrier maritime activity report for the 9th week of this year. The report formulated on 1st March 2019 highlights the situation in the bulk carrier market including trading activities, freight rates, and charter rates.

Capesize
  • Vale’s ongoing absence from the Brazil spot market continued to have a negative impact on sentiment, with rates falling in all areas. There were operators still shipping from Brazil, with the rate from Tubarao to China hovering...

http://mfame.guru/bulk-report-week-9-2019/

2019 Dry Bulk Orderbook Summary

  • Post-Panamax sector and Panamax accounts for the highest order book to in-service vessels percentage, at 24% and 2% respectively.
  • Handysize vessels stand at 21% with an average age of 17 years. The vessels in service to order book ratio for the Capes is 17% and for the supramaxes at 10%.
  • Around 45m dwt vessels are due to enter the dry bulk fleet. The largest fleet is the Supramax fleet with over 2800 vessels trading and approximately 296 ships on order.
  • Trade tensions between the US and China...

http://mfame.guru/2019-dry-bulk-orderbook-summary/

Dry Bulk Report – Week 7, 2019

The Baltic Briefing has released a report about the dry bulk market of the 7th week of shipping activities of this year. The report dated 15th February highlights the plight of the dry bulk market at the on-sight of the 7th week.

Capesize
  • Despite the focus on Vale and reduced Brazil exports, there were signs of further demand this week that checked further falls.
  • Higher bunker prices negated any real increase in owners’ returns. Other charterers took up some of the slack from Vale, providing...

http://mfame.guru/dry-bulk-report-week-7-2019/

Bulk Report – Week 4, 2019

The weekly highlights of the Baltic Briefing are here. This report showcases the bulk carrier market scenario of week 4 of 2019 which has been compiled on 25th January.

Capesize

A week of dashed hopes for owners as the optimism evident the previous week evaporated. Rates slipped on all routes and underlying threats of a cyclone in West Australia saw the miners on the sidelines.

  1. The West Australia/China route fell to $6.00 for 6 February onwards and cyclone worries receded, many hoped this was the...

http://mfame.guru/bulk-report-week-4-2019/

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