Everyone in shipping is looking on enviously at the dry bulk sector. After so many false dawns over the past 12 years, the sector is finally taking off – with day after day of improving rates and analysts pointing towards a very solid year ahead. The scramble for secondhand bulker tonnage in all...
Weekly Broker
Weekly Broker: Handies and supras lead the charge
It has been another impressive week in the secondhand bulker market with smaller vessels accounting for the majority of the sales in sync with the booming rates for sub-panamax vessels. More than eight shipbroking houses reported the sale of the 2010-built 56,000 dwt Fortune Bird. The vessel was...
https://splash247.com/weekly-broker-handies-and-supras-lead-the-charge/
Weekly Broker: Korean handy tonnage enjoys an uptick
The dry bulk S&P market saw plenty of ships changing hands for yet another week as rates for supra and handies hit decade highs. “This surge in rates naturally attracts buying interest which subsequently continues to push asset values higher. This, in turn, attracts more owners to consider becoming...
https://splash247.com/weekly-broker-korean-handy-tonnage-enjoys-an-uptick/
Weekly Broker: Dry bulk spending up by 151% in February
A general firming in charter rates across the bulker sector has led to positivity across the markets. Supramax rates sky rocketed by more than 40% in the last week crossing the $20,000 a day mark for the first time in a decade while handysizes have recorded 31 consecutive days of improving rates –...
https://splash247.com/weekly-broker-dry-bulk-spending-up-by-151-in-february/
Weekly Broker: Boxships in hot demand
The secondhand bulk S&P market has again seen a bullish week with plenty of en bloc deals completed despite a recent downward correction seen in the chartering market. The robust demand from China is expected to further boost investor confidence in the market. “The dry bulk market entered 2021 on a...
Weekly Broker: No let up in busy start to 2021
Dry bulk vessels continued to change hands at pace this week, despite the spot markets showing some serious corrections. Several shipbroking houses reported that Taiwanese owner U-Ming Marine Transport has sold its 2003-built 175,000 dwt capesize bulker Cape Mars. The Taiwanese-built vessel has...
https://splash247.com/weekly-broker-no-let-up-in-busy-start-to-2021/
Weekly Broker: Bulk volatility is back
The secondhand dry bulk S&P market has seen a plethora of deals completed in the past week with interest across all size segments, reflecting owners’ confidence in the outlook of the market. “It took some time for shipowners to assimilate the possibility that we are heading towards better days –...
https://splash247.com/weekly-broker-bulk-volatility-is-back/
Weekly Broker: Cape rally leads the markets
The dry bulk S&P market has had a positive start of the year with plenty of transactions taking place across all sizes, coupled with an upward momentum seen in the chartering market, especially the rally seen in the capesize market. Average prices for most bulk segments have increased over the past...
https://splash247.com/weekly-broker-cape-rally-leads-the-markets/
Weekly Broker: Busy shopping days ahead of Christmas
The secondhand tanker market has seen a great rebound in the past week with plenty of en bloc deals completed. As the tanker chartering market remains volatile at the moment, lots of the deals are believed to be speculative as tanker values continue to drop in the suezmax and aframax segments....
https://splash247.com/weekly-broker-busy-shopping-days-ahead-of-christmas/
Weekly Broker: Dry bulk finally bottoms out
The secondhand bulk sale and purchase saw a fruitful week with a large number of ships changing hands with almost all dry bulk segments showing an improvement in rates and shipowners feeling dry bulk has finally bottomed out. “The good momentum and buying appetite now seems ‘abundant’ in the SnP...
https://splash247.com/weekly-broker-dry-bulk-finally-bottoms-out/