Weekly Market Report

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Weekly Market Report"

Transcription

1 Week 2 Tuesday 13th January 29 Weekly Market Report Sale & Purchase Newbuilding Secondhand Demolition Chartering World Economy News The risk of serious fiscal crises in developed countries has doubled if not tripled, according to the World Economic Forum s report on global risks ahead of the gathering of government and business leaders in Davos later this month. The report predicts that massive government spending to shore up financial systems will threaten countries such as the US, UK, France, Italy, Spain and Australia, which are already in a precarious fiscal position. Coupled with the risk of a hard economic landing in China defined as growth slowing to below 6% the effects would significantly damage the weakening global economy, the report says. One of the biggest [financial] risks is that short-term crisis fighting may induce business and governments to lose the long-term perspective on risk. Government action should be only for systemic failure. So, for the banking system: yes, for car manufacturers: no. The other big risks highlighted in the report, published on Tuesday, were gaps in global governance and issues relating to natural resources and climate change, such as problems with the supply of food, water and energy. The cutting off of gas supplies to countries such as Bulgaria after an argument between Ukraine and Russia is one big, recent example of this. (Financial Times) Energy & Commodities Oil prices continued to retreat, dropping below the $37 a barrel level, while base metals fell and gold eased as commodity markets staged a broad based retreat on Tuesday as more weak economic data pointed to a deepening global economic downturn. Nymex February West Texas Intermediate dropped $1.19 to $36.4 a barrel after touching a low of $36.1 while the March WTI contract lost $1 at $ Goldman Sachs expects oil prices to sink towards $3 a barrel in the first quarter this year as oil stocks in the developed world climb to their highest levels for a decade over the next two months. However, Goldman also reiterated its forecast for oil to reach $65 by the end of this year as Opec production cuts and declines in non-opec supply help the market to rebalance. (Financial Times) Shipping News In a case which will certainly be hailed as one of the most prominent in recent history, shipping magnate Pericles Panagopoulos and his family are faced with the biggest challenge of their lives. Mr. Panagopoulos was kidnapped by three armed with AK-47 men yesterday morning, as he was leaving his home in the district of Kavouri, just outside Athens. By late afternoon, his kidnappers finally made contact and reportedly demanded a ransom of 4 million euros for his release. One major issue though could be the 74 year-old ship owner s fragile health, since he requires daily medication and his health needs close monitoring and attention. In June, the chief executive of aluminum company Alumil and chairman of the Federation of Industries in the northern city of Thessaloniki, George Milonas, was also kidnapped before being released two weeks later after a ransom was paid. Last month, a well-known Athens doctor was also kidnapped but has yet to be found. It is the first time a shipping tycoon has been a kidnap victim since 1996 when Yannis Peratikos, a shipowner, was gunned down by the 17 November terror group, which was eradicated in 22 after a 27-year career of political murder and violence. (Hellenic Shipping News) Chartering (Wet: Weaker / Dry: Stronger) For the past week, on the Dry market, the BDI was on Friday (9/1/29) 872, +99 points up from end of previous week s levels. On the Wet market, the BDTI on Friday (9/1/29) was 79, 14 points down and the BCTI at 563, -6 points down from end of previous week s levels. Sale & Purchase (Wet: Weaker / Dry: Weaker) The Sale and Purchase market was quite active for the past week on the dry side. On the wet side things look more silent, in particular, KL Line has acquired a VLCC resale from Imabari with delivery June 29 for 11$m and a DH small tanker, the Vilyuysk (17,125dwt-built 1977 was sold to an undisclosed buyer for 3$m. On the dry side, the panamax Cumbria (69,43dwt-built 1994) was reported sold to Chinese for 14.1 $m, Pontodromon (64,975dwt-built 1985) was sold to Greeks for 5.75$m and Irinikos (61,748dwt-built 1984) was sold for 3.5$m, due to SS in March 29. Furthermore, the handymax bulker Forest King (46,826dwtbuilt 1991) was sold for 6.5$m. Lastly, the handysize Pontomedon (37,596dwt-built 1985) was purchased by Europeans for 5.1$m, Vertigo (26,666dwt-built 1986) was bought by Chinese for 4$m and Santorin II (23,899dwt-built 1984 was acquired by Vietnamese for 3.6$m. Newbuilding (Wet: Weaker / Dry: Weaker) The Newbuilding market remains standstill. There is almost total lack of demand for new orders, and as a result yards are starting to realize that newbuilding prices drop will soon take effect. Demolition (Wet: Stronger / Dry: Stronger) The demolition market is growing, as prices are getting stronger and supply of new tonnage is increasing. Although a decline in scrap prices is still evident in the medium term, mainly due to the supply growth. This week: Bangladeshi breakers have acquired the MR tanker United Moonlight (55,272dwt-built ,147ldt) for 31$/ldt. week Indian ship breakers have bought the panamax bulkers Stone Topaz (65,29dwt-built ,6ldt) for 28$/ldt, with 2tns IFO ROB and the Athena (61,492dwt-built ,45ldt) for 232$/ldt, asis Gibraltar, with 1,5tns ROB. Furthermore, Indians have acquired the handysize bulker Corina (36,255dwt-built 1977) for 267$/ldt, the LPG Galileo (58,341cbm-built ,776ldt) for 282$/ldt, with 7tns ROB and the container Ankara (2,328teu-built ,6ldt) for 27$/ldt. Intermodal Research 1 13/1/29

2 Wet Market Week 2 Week 1 4q28 4q27 Vessel Routes WS WS ±% points points 265k AG-JAPAN 65 74, ,293 3% 62, ,328 VLCC Suez max Aframax Clean Dirty VLCC Suez max Aframax Panamax MR Handy size Spot Rates 28k AG-USG 45 51, ,852 % 5,293 71,263 26k WAF-USG 58 63, ,617-36% 77,361 76,546 13k MED-MED 1 59, ,991-17% 72,131 66,729 13k WAF-USAC 88 47, ,646-34% 58,427 49,575 13k AG-CHINA 75 39, ,58-32% 45,52 54,418 8k AG-EAST 95 28, ,541-34% 37,968 32,129 8k MED-MED 8 21, ,32-36% 42,778 36,21 8k UKC-UKC 9 32, ,173-31% 55,277 44,727 7k CARIBS-USG 75 14, ,2-71% 39,25 26,372 75k AG-JAPAN 8 19, ,174-36% 48,716 22,954 55k AG-JAPAN 95 17, ,65-32% 41,66 22,616 37K UKC-USAC 12 14, ,427-38% 19,299 22,31 3K MED-MED , ,58-4% 34,146 33,683 55K UKC-USG 13 31, ,632-32% 37,82 3,752 55K MED-USG 13 3, ,2-32% 35,221 28,525 5k CARIBS-USAC 85 12, ,363-67% 32,851 26,113 TC Rates Week 2 Week 1 ±% k 1yr TC 52,75 52,75.% 73,798 55,798 58,558 3k 3yr TC 45,2 47,7-5.2% 58,844 48,585 47,537 15k 1yr TC 42,25 42,25.% 47,442 44,72 43,442 15k 3yr TC 37,7 39,2-3.8% 41,123 38,777 38,36 15k 1yr TC 28,25 28,75-1.7% 36,43 33,394 33,385 15k 3yr TC 26,2 26,95-2.8% 3,7 29,83 28,825 7k 1yr TC 28,25 28,25.% 29,471 29,567 31,346 7k 3yr TC 25,2 26,2-3.8% 26,686 27,113 27,36 45k 1yr TC 2,75 21,25-2.4% 23,731 26,154 27,25 45k 3yr TC 2,2 2,7-2.4% 22,527 23,488 22,498 36k 1yr TC 19,75 2,25-2.5% 22,22 23,519 24,933 36k 3yr TC 19,2 19,95-3.8% 2,585 21,517 2,912 WS points WS points DIRTY - WS RATES TD3 TD8 TD5 TD4 2-Jan-7 2-Feb-7 2-Mar-7 2-Apr-7 2-May-7 2-Jun-7 2-Jul-7 2-Aug-7 2-Sep-7 2-Oct-7 2-Nov-7 2-Dec-7 2-Jan-8 2-Feb-8 2-Mar-8 2-Apr-8 2-May-8 2-Jun-8 2-Jul-8 2-Aug-8 2-Sep-8 2-Oct-8 2-Nov-8 2-Dec-8 2-Jan-9 2-Feb-9 CLEAN - WS RATES TC2 TC6 TC4 TC1 2-Jan-7 2-Feb-7 2-Mar-7 2-Apr-7 2-May-7 2-Jun-7 2-Jul-7 2-Aug-7 2-Sep-7 2-Oct-7 2-Nov-7 2-Dec-7 2-Jan-8 2-Feb-8 2-Mar-8 2-Apr-8 2-May-8 2-Jun-8 2-Jul-8 2-Aug-8 2-Sep-8 2-Oct-8 2-Nov-8 2-Dec-8 2-Jan-9 2-Feb-9 1, 9, 8, 7, 6, 5, 4, 3, 2, 8, 7, 6, 5, 4, 3, 2, Tankers 1YR TC RATES VLCC Suezmax Aframax Panamax MR 5-Jan-7 5-Feb-7 5-Mar-7 5-Apr-7 5-May-7 5-Jun-7 5-Jul-7 5-Aug-7 5-Sep-7 5-Oct-7 5-Nov-7 5-Dec-7 5-Jan-8 5-Feb-8 5-Mar-8 5-Apr-8 5-May-8 5-Jun-8 5-Jul-8 5-Aug-8 5-Sep-8 5-Oct-8 5-Nov-8 5-Dec-8 5-Jan-9 5-Feb-9 Tankers 3YR TC RATES VLCC Suezmax Aframax Panamax MR 5-Jan-7 5-Feb-7 5-Mar-7 5-Apr-7 5-May-7 5-Jun-7 5-Jul-7 5-Aug-7 5-Sep-7 5-Oct-7 5-Nov-7 5-Dec-7 5-Jan-8 5-Feb-8 5-Mar-8 5-Apr-8 5-May-8 5-Jun-8 5-Jul-8 5-Aug-8 5-Sep-8 5-Oct-8 5-Nov-8 5-Dec-8 5-Jan-9 5-Feb-9 $m Tankers SH Values VLCC 3K DH 5Y Suezmax 15K DH 5Y Aframax 15K DH 5Y Panamax 7K DH 5Y MR 4K 5Y 5-Jan-8 2-Jan-8 4-Feb-8 19-Feb-8 5-Mar-8 2-Mar-8 4-Apr-8 19-Apr-8 4-May-8 19-May-8 3-Jun-8 18-Jun-8 3-Jul-8 18-Jul-8 2-Aug-8 17-Aug-8 1-Sep-8 16-Sep-8 1-Oct-8 16-Oct-8 31-Oct-8 15-Nov-8 3-Nov-8 15-Dec-8 3-Dec-8 14-Jan-9 The Tankers Sale and Purchase is not moving so much the last couple of weeks. With only limited deals being concluded and equally limited ships under negotiations, it seems hard to set a benchmark for this market. This week there was the resale of a VLCC of 36,dwt from Imabari with delivery June 29 for 11$m, the buyers behind this deal is reported to be K Line. The other deal reported this week was the sale of a DH small tanker, the Vilyuysk (17,125dwt-built 1977 was sold to an undisclosed buyer for 3$m. Intermodal Research 2 13/1/29

3 Dry Market Baltic Indices Week 2 Week 1 9/1/29 2/1/29 ±% Index Index Index Index Index BDI % 6,663 7,321 3,43 BCI 1,728 13,374 1,361 9,97 27% 9,577 1,172 4,539 BPI 534 4, ,376-1% 6,342 7,283 3,271 BSI 394 4, ,395-4% 4,225 4,788 2,498 BHSI 269 3, ,146-4% 2,257 2,469 1,51 Index 2, 18, 16, 14, 12, 1, 8, 6, 4, 2, 2-Jan-5 2-Apr-5 2-Jul-5 2-Oct-5 2-Jan-6 2-Apr-6 Baltic Indices BCI BPI BSI BHSI BDI 2-Jul-6 2-Oct-6 2-Jan-7 2-Apr-7 2-Jul-7 2-Oct-7 2-Jan-8 2-Apr-8 2-Jul-8 2-Oct-8 2-Jan-9 Handysize Handymax Supramax Panamax Capesize $m Week 2 Period Week 1 ±% K 6mnt TC 18,75 1,25 83% 117,43 118,66 49,392 17K 1yr TC 22,7 2,2 12% 111,729 17,118 45,446 17K 3yr TC 23,75 2,25 17% 82,429 76,58 36,615 7K 6mnt TC 9,2 9,7-5% 57,623 58,996 24,717 7K 1yr TC 11,625 11, 6% 55,887 52,567 22,45 7K 3yr TC 15,2 13,2 15% 44,556 39,974 17,936 52K 6mnt TC 8, 8, % 47,159 48,822 24,462 52K 1yr TC 9,7 9,7 % 45,71 45,92 22,81 52K 3yr TC 12,25 12,25 % 34,38 34, 17,22 45k 6mnt TC 6,7 6,95-4% 41,681 43,639 22,8 45k 1yr TC 8,25 8,5-3% 38,923 4,12 19,682 45k 3yr TC 1,45 1,45 % 28,431 29,63 14,972 3K 6mnt TC 5,75 6, -4% 3,547 31,596 15,975 3K 1yr TC 6,95 7,2-3% 29,686 28,32 14,91 3K 3yr TC 9,5 9,5 % 22,87 22,113 12,77 Bulk Carriers SH Values Capesize 17K 5Y Handymax 45K 5Y Panamax 73K 5Y Handysize 3K 5Y 4-Jan-8 19-Jan-8 3-Feb-8 18-Feb-8 4-Mar-8 19-Mar-8 3-Apr-8 18-Apr-8 3-May-8 18-May-8 2-Jun-8 17-Jun-8 2-Jul-8 17-Jul-8 1-Aug-8 16-Aug-8 31-Aug-8 15-Sep-8 3-Sep-8 15-Oct-8 3-Oct-8 14-Nov-8 29-Nov-8 14-Dec-8 29-Dec-8 13-Jan-9 2, 15, 1, 5, Average T/C Rates for Baltic Indices AVR 4TC BCI AVR 4TC BPI AVR 5TC BSI AVR 6TC BHSI 25, 2-Jan-5 2-Apr-5 2-Jul-5 2-Oct-5 2-Jan-6 2-Apr-6 2-Jul-6 2-Oct-6 2-Jan-7 Dry Bulkers 1 Year Period Rates Capesize Panamax Handymax Supramax Handysize 2, 18, 16, 14, 12, 1, 8, 6, 4, 2, 14, 12, 1, 8, 6, 4, 2, 5-Jan-7 5-Feb-7 5-Mar-7 5-Apr-7 5-May-7 5-Jun-7 5-Jul-7 5-Aug-7 5-Sep-7 5-Oct-7 5-Nov-7 5-Dec-7 5-Jan-8 5-Feb-8 5-Mar-8 5-Apr-8 5-May-8 5-Jun-8 5-Jul-8 5-Aug-8 5-Sep-8 5-Oct-8 5-Nov-8 5-Dec-8 5-Jan-9 5-Feb-9 2-Apr-7 2-Jul-7 2-Oct-7 2-Jan-8 Dry Bulkers 3 Year Period Rates Capesize Panamax Handymax Supramax Handysize 5-Jan-7 5-Feb-7 5-Mar-7 5-Apr-7 5-May-7 5-Jun-7 5-Jul-7 5-Aug-7 5-Sep-7 5-Oct-7 5-Nov-7 5-Dec-7 5-Jan-8 5-Feb-8 5-Mar-8 5-Apr-8 5-May-8 5-Jun-8 5-Jul-8 5-Aug-8 5-Sep-8 5-Oct-8 5-Nov-8 5-Dec-8 5-Jan-9 5-Feb-9 The Dry Bulkers Sale and Purchase seems quite awake, as there is a remarkable number of deals concluded this week. All of the sales reported this week are small sizes up to panamaxes and mainly older vessels ranging from 34 to 14 years old. 2-Apr-8 2-Jul-8 2-Oct-8 2-Jan-9 On the panamax sector, the Cumbria (69,43dwt-built 1994) was reported sold to Chinese for 14.1$m. This bulk carrier is changing hand for the second time in 9 months, as in March 28 was sold to Chinese for 6$m, including TC until 1/28 at 2,. Also, the Pontodromon (64,975dwt-built 1985) was sold to Greeks for 5.75$m and the similar Irinikos (61,748dwt-built 1984) was sold for 3.5$m, due to SS in March 29. On the handymax size, the Forest King (46,826dwt-built 1991) was sold to an undisclosed buyer for 6.5$m and the Lastos (43,214dwtbuilt 1984) was bought by Chinese for 4.2$m. In September the similar Sea Crown (43,34dwt-built 1984) was acquired by Greeks for 28.5$m, which represents a 85% drop. On the handysize sector, the Pontomedon (37,596dwt-built 1985) was purchased by Europeans for 5.1$m, the Kyriakos M (34,386dwtbuilt 1976) was sold for 1.8$m, the Kcl Bardu (33,66dwt-built 1979) was sold for 3$m, the Sacura (26,8dwt-built 1981) was sold for 2$m, the Vertigo (26,666dwt-built 1986) was bought by Chinese for 4$m and lastly the Santorin II (23,899dwt-built 1984 was acquired by Vietnamese for 3.6$m. Finally, the mini bulk Kapitan Mochalov (14,2dwt-built 1974) was sold to Syrians for 1.6$m. Intermodal Research 3 13/1/29

4 Secondhand Sales Intermodal Research 4 13/1/29

5 New Building Market Tankers NB Prices (m$) Bulk Carriers NB Prices (m$) million $ VLCC Suezmax Aframax LR1 MR million $ Capesize Panamax Supramax Handysize 1-Jan-6 1-Apr-6 1-Jul-6 1-Oct-6 1-Jan-6 1-Apr-6 1-Jul-6 1-Oct-6 Bulkers 1-Jan-7 1-Apr-7 1-Jul-7 1-Oct-7 1-Jan-8 1-Apr-8 1-Jul-8 1-Oct-8 1-Jan-9 1-Jan-7 1-Apr-7 1-Jul-7 1-Oct-7 1-Jan-8 1-Apr-8 1-Jul-8 1-Oct-8 1-Jan-9 Tankers Gas Indicative Newbuilding Prices (million$) Vessel Week Week 2 1 ±% Capesize 17k % Panamax 75k % Supramax 57k % Handysize 3k % VLCC 3k % Suezmax 15k % Aframax 11k % LR1 7k % MR 47k % LPG M3 75k % LPG M3 52k % LPG M3 23k % Please note that due to the lack of new newbuilding orders in most of the above sectors, the prices are estimates. The slightly bigger drop shown this week is in order to adjust to the present bear market. Still, however, the lack of newbuilding orders makes these prices an estimate of the newbuilding market. The Newbuilding market remains very quiet. Demand for new orders stays low, and as a result there is no guidance on prices. Although shipyards, especially those more exposed to risk, have realized the necessity of lowering prices if they wish to generate any business. Moreover, some shipowners would like to cancel, postpone or renegotiate their new building orders and few of them have tried to do so; however, it seems that it is not that easy to come to a favorable settlement with the shipyards. The builders have the upper hand in negotiations as not many of the owners are willing to walk away when they have remitted payments up to 5% of the contract price. There were no new orders placed this week. Intermodal Research 5 13/1/29

6 Demolition Market The demolition market is growing day by day. The supply of demo tonnage remains high, and prices are also unexpectedly increasing. The number of deals concluded remains very high. In Bangladesh, the demolition market remains calm, as the oversupply of local deliveries is still keeping the ship breakers busy. Demolition prices remain stable, around 28$/ldt for wet and 25$/ldt for dry tonnage. This week Bangladeshi breakers have acquired the MR tanker United Moonlight (55,272dwt-built ,147ldt) for 31$/ldt. Indian demolition market is blooming with a huge number of deals concluded and thousand of tonnage ending up in their yards. Indian ship Indicative Demolition Prices ($/ldt) Markets Week Week 2 1 ±% Bangladesh % India % Pakistan % China % Bangladesh % India % Pakistan % China % recyclers are offering about 285$/ldt for wet and 26$/ldt for dry tonnage. This week Indian ship breakers have bought the panamax bulkers Stone Topaz (65,29dwt-built ,6ldt) for 28$/ldt, with 2tns IFO ROB and the Athena (61,492dwt-built ,45ldt) for 232 $/ldt, asis Gibraltar, with 1,5tns ROB. Furthermore, Indians have acquired the handymax Wisdom C (4,2dwt-built 198-9,542ldt) for an undisclosed price, the handysize bulkers Corina (36,255dwt-built 1977) for 267$/ldt and Walka Mlodych (33,485dwt-built ,43ldt) for 265$/ldt, the LPGs Galileo (58,341cbm-built ,776ldt) for 282$/ldt, with 7tns ROB and the Clipper Lady (52,25cbm-built ,987ldt) for 26$/ldt, with 34tns ROB and finally the container Ankara (2,328teu-built ,6ldt) for 27$/ldt. Pakistani ship recyclers are fighting for some tonnage, offering about 285$/ldt for wet and about 255$/ldt for dry tonnage. An older sale came to light this week, the handysize bulker Ira (26,697dwt-built ,412ldt) was sold for 255$/ldt. Wet Dry $/ldt Jan-5 1-Apr-5 1-Jul-5 1-Oct-5 Wet Demolition Prices Bangladesh India Pakistan China 1-Jan-6 1-Apr-6 1-Jul-6 1-Oct-6 1-Jan-7 1-Apr-7 1-Jul-7 1-Oct-7 1-Jan-8 1-Apr-8 1-Jul-8 1-Oct-8 1-Jan-9 $/ldt Jan-5 1-Apr-5 1-Jul-5 1-Oct-5 Dry Demolition Prices Bangladesh India Pakistan China 1-Jan-6 1-Apr-6 1-Jul-6 1-Oct-6 1-Jan-7 1-Apr-7 1-Jul-7 1-Oct-7 1-Jan-8 1-Apr-8 1-Jul-8 1-Oct-8 1-Jan-9 Intermodal Research 6 13/1/29

7 Stock Exchange Data Currencies Commo ditites Market Data 12-Jan-9 9-Jan-9 8-Jan-9 7-Jan-9 6-Jan-9 W-O-W Change % Dow Jones 8, , , , , % Nasdaq 1, , , , , % S&P % FTSEurofirst % DJ Euro Stoxx 5 2, , , , , % FTSE 1 4, , ,55.4 4,57.5 4, % FTSE All-Share UK 2, , , , , % CAC4 3, , , , , % Xetra Dax 4, , , , , % Nikkei. 8, , , , % Hang Seng 13, , , , , % FTSE All World $ % / $ % / $ % / $ % $ / % / % $ INDEX % / SFr % Oil Brent $ % Oil WTI $ % Gold $ % Company Maritime Stock Data Commodities & Financial Market Jan Basic Commodities Weekly Summary For any further queries please do not hesitate to contact our Research Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co. Oil Brent $ Oil WTI $ Gold $ Stock Exchange Curr. 12-Jan-9 9-Jan-9 8-Jan-9 7-Jan-9 6-Jan-9 5-Jan-9 W-O-W Max 52wk Min 52wk Change % AEGEAN MARINE PETROL NYSE USD % ARIES MARITIME TRANSPORT NASDAQ USD % CAPITAL PRODUCT PARTNERS L.P. NASDAQ USD % DANAOS CORP NYSE USD % DIANA SHIPPING NASDAQ USD % DRYSHIPS INC(IPO) NASDAQ USD % EUROSEAS LTD NASDAQ USD % EXCEL MARITIME CARRIERS AMEX USD % FREESEAS INC NASDAQ USD % GENCO SHIPPING NYSE USD % GENERAL MARITIME NYSE USD % GLOBUS MARITIME LTD LONDON GBX % HELLENIC CARRIERS LTD LONDON GBX % NAVIOS MARITIME CORP NYSE USD % OCEANAUT INC AMEX USD % OCEANFREIGHT INC NASDAQ USD % OMEGA NAVIGATION ENTERPRISES INC NASDAQ USD % PARAGON SHIPPING INC NASDAQ USD % STEALTHGAS INC NASDAQ USD % TOP SHIPS INC NASDAQ USD % TSAKOS ENERGY NAVIGATION INC NYSE USD % MDO 38cst 18cst 7-Jan 8-Jan 9-Jan 1-Jan 11-Jan 12-Jan Bunker Prices 9-Jan-9 2-Jan-9 W-O-W Change % Rotterdam % Houston % Singapore % Rotterdam % Houston % Singapore % Rotterdam % Houston % Singapore % Intermodal Shipbrokers Co. 17th km Ethniki Odos Athens-Lamia & 3 Agrambelis Street, N. Kifisia, Athens - Greece Tel: Fax: Compiled by: Intermodal Research Department Ms. Mariana Skiadopoulou On behalf of: Intermodal Sale & Purchase and Newbuilding Departments Mr. K. Dermatis, Mr D. Evdemon, Mr. C. Goudis, Mr. A. Poulopoulos, Mr. T. Ntalakos, Ms. N. Anomitri, Mr. G. Dermatis, Mr. T. Papadopoulos, Mr. P. Manesis Intermodal Research 7 13/1/29

This Week s Overview of Shipping Investments SECONDHAND / DEMOLITION / NEW BUILDING MARKET ANALYSIS

This Week s Overview of Shipping Investments SECONDHAND / DEMOLITION / NEW BUILDING MARKET ANALYSIS This Week s Overview of Shipping Investments SECONDHAND / DEMOLITION / NEW BUILDING MARKET ANALYSIS Week Ending: 1 st November 2013 (Week 44, Report No: 44/13) (Given in good faith but without guarantee)

More information

Monday, July 25, Week 30 The Week at a Glance

Monday, July 25, Week 30 The Week at a Glance Baltic Dry Indices* Last Fridays Closing Weekly Difference Monday, July 25, 211 - Week 3 The Week at a Glance Butterfly effect..." Officials of the Euro-zone have come into agreement to assist Greece with

More information

OPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings

OPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings OPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings Monday 11th October, 21 Volume 326 Week 41 Sale & Purchase Activity Week 41 SECOND HAND SALES DRY TONNAGE

More information

WEEKLY MARKET REPORT December 9th, 2011 / Week 49

WEEKLY MARKET REPORT December 9th, 2011 / Week 49 LY MARKET REPORT December 9th, 211 / Week 49 Lower iron ore prices have increased demand and helped raise freight rates in the capesize sector with the BCI ending nearly 8.5% higher. The panamax sector

More information

Monday, September 6, Week 36 The Week at a Glance

Monday, September 6, Week 36 The Week at a Glance Monday, September 6, 21 - Week 36 The Week at a Glance "Lesson learned? Guess not." Baltic Dry Indices* Last Fridays Closing Weekly Difference Baltic Dry Index 2876 164 Baltic Cape index 3937 488 Baltic

More information

Weekly Market Report. Issue: Week 18 Wednesday 6 th May Market insight

Weekly Market Report. Issue: Week 18 Wednesday 6 th May Market insight Weekly Market Report Issue: Week 18 Wednesday 6 th May 2014 Market insight By John N. Cotzias SnP Broker A bit more favorable wind is forecasted for 2014 for the Greek Passenger Shipping Companies. Most

More information

WEEKLY MARKET REPORT October 17th, 2008 / Week 42

WEEKLY MARKET REPORT October 17th, 2008 / Week 42 LY MARKET REPORT October 17th, 28 / Week 42 With all the indices in the red for the entire week and with the BDI down to levels last seen early in November 22 there is certainly no change in the mood for

More information

WEEKLY MARKET REPORT October 5th, 2012 / Week 40

WEEKLY MARKET REPORT October 5th, 2012 / Week 40 LY MARKET REPORT October 5th, 2012 / Week 40 Despite China being on holiday this week the market was positive in the large sectors (capes and panamaxes) where strong gains were posted. This week's winner

More information

WEEKLY MARKET REPORT December 5th, 2014 / Week 49

WEEKLY MARKET REPORT December 5th, 2014 / Week 49 LY MARKET REPORT December 5th, 2014 / Week 49 The freight market continued to soften throughout this week with the BDI concluding at 982 points, down by almost 15%. The index for capesize sector seems

More information

WEEKLY MARKET REPORT June 6th, 2008 / Week 23

WEEKLY MARKET REPORT June 6th, 2008 / Week 23 LY MARKET REPORT June 6th, 2008 / Week 23 This year's Posidonia was bigger than ever, proving one more time the importance of Greece and Piraeus in particular as one of the largest shipping centers in

More information

The World s Largest Buyer of Ships and Offshore Assets

The World s Largest Buyer of Ships and Offshore Assets The World s Largest Buyer of Ships and Offshore Assets 9 th Annual Marine Money London Ship Finance Forum, 24 January 218 Evan F. Sproviero, Head of Projects, GMS 1 A. Recycling Prices and Residual Values

More information

WEEKLY MARKET REPORT February 13th, 2015 / Week 07

WEEKLY MARKET REPORT February 13th, 2015 / Week 07 LY MARKET REPORT February 13th, 2015 / Week 07 The only positive note in the depressed freight market is the panamax index which gained 69 points, an increase of approximately 16%. All other indices remain

More information

WEEKLY SHIPPING MARKET REPORT

WEEKLY SHIPPING MARKET REPORT WEEKLY SHIPPING MARKET REPORT WEEK 10 (28 th February to 6 th March 2015) Legal Disclaimer The information contained herein has been obtained by various sources. Although every effort has been made to

More information

WEEKLY SHIPPING MARKET REPORT WEEK 6

WEEKLY SHIPPING MARKET REPORT WEEK 6 WEEKLY SHIPPING MARKET REPORT WEEK 6 WEEK 6 (6 th February to 12 th February 2016) Market Overview Bulkers For one more week Dry Bulk market follow the negative trend of the last months. Situation has

More information

WEEKLY MARKET REPORT March 29th, 2013 / Week 13

WEEKLY MARKET REPORT March 29th, 2013 / Week 13 LY MARKET REPORT March 29th, 2013 / Week 13 This week, all indices with the exemption of BHSI lost some ground. BSI decreased by 3.48%, while BDI, BCI and BPI lost 2.47%, 2.73% and 2.65% respectively.

More information

WEEKLY MARKET REPORT January 9th, 2015 / Week 01

WEEKLY MARKET REPORT January 9th, 2015 / Week 01 LY MARKET REPORT January 9th, 2015 / Week 01 WISHING YOU A HEALTHY, HAPPY AND PROSPEROUS 2015. Like the previous week, all of the indices were in the red throughout this week. The BCI suffered another

More information

MARKET REPORT WEEK 12

MARKET REPORT WEEK 12 MARKET REPORT WEEK 12 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 25 th MARCH 2011 The Baltic Freight Indices only moved within small bands w-o-w with the Capes being the biggest mover, reversing

More information

Monday, July 19, Week 29 The Week at a Glance

Monday, July 19, Week 29 The Week at a Glance Monday, July 19, 21 - Week 29 The Week at a Glance No more bets please We have read that Goldman Sachs has to pay a fine of USD 55 million for the settlement of the well known case. Some players were expecting

More information

WEEKLY SHIPPING MARKET REPORT

WEEKLY SHIPPING MARKET REPORT WEEKLY SHIPPING MARKET REPORT WEEK 5 1 st February to 7 th February Legal Disclamer The information contained herein has been obtained by various sources. Although every effort has been made to ensure

More information

NILIMAR Ships Sale & Purchase MARKET REPORT WEEK 38 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 23 rd SEPTEMBER 2011.

NILIMAR Ships Sale & Purchase MARKET REPORT WEEK 38 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 23 rd SEPTEMBER 2011. MARKET REPORT WEEK 38 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 23 rd SEPTEMBER 2011. Further good volumes of Capesize fixing lifted the BCI another 6% w-o-w now making the average rate

More information

WEEKLY MARKET REPORT October 24th, 2014 / Week 43

WEEKLY MARKET REPORT October 24th, 2014 / Week 43 LY MARKET REPORT October 24th, 2014 / Week 43 The capesize and panamax segments continue to increase significantly this week with the BCI ending higher by the astonishing amount of 78% for the week (adding

More information

Golden Ocean Group Limited Q results March 1, 2007

Golden Ocean Group Limited Q results March 1, 2007 Golden Ocean Group Limited Q4 2006 results March 1, 2007 PROFIT & LOSS 2005 2006 (in thousands of $) 2006 2005 Oct-Dec Oct-Dec Jan - Dec Jan - Dec Operating Revenues 37 292 91 253 Time charter revenues

More information

MARKET REPORT WEEK 45

MARKET REPORT WEEK 45 MARKET REPORT WEEK 45 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 12 th NOVEMBER 2010 At face value we have just endured another fairly dreary week in the shipping markets with the dry freight

More information

Weekly Dry Bulk Report

Weekly Dry Bulk Report 2-215 -Shipbrokers and consultants since 1919- ly Dry Bulk Report 22 May 3th 214 12 1 8 6 4 2 HIGHLIGHTS Capesize: Still quiet market Panamax: Continued slide in rates L&S INDEX OF DRY BULK STOCKS* Index

More information

MARKET REPORT WEEK 49 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 4 th DECEMBER 2009

MARKET REPORT WEEK 49 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 4 th DECEMBER 2009 MARKET REPORT WEEK 49 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 4 th DECEMBER 2009 Nilimar's SNP market overview Seems that while last week did not produce many concluded deals the market

More information

Monday, November 3, Week 45 The Week at a Glance

Monday, November 3, Week 45 The Week at a Glance Monday, November 3, 214 - Week 45 The Week at a Glance Last week has been concluded with BDI reaching 1428 points, indicating a raise of 236 points since last week, driven mainly by the boom of the Capesize

More information

WEEKLY MARKET REPORT September 20th, 2013 / Week 38

WEEKLY MARKET REPORT September 20th, 2013 / Week 38 WEEKLY MARKET REPORT September 20th, 2013 / Week 38 Another solid week with the BCI and BPI charging forward, increasing by over 16% and 11% respectively. The smaller segments also saw positive results

More information

WEEKLY SHIPPING MARKET REPORT

WEEKLY SHIPPING MARKET REPORT WEEKLY SHIPPING MARKET REPORT WEEK 22-28 TH May to 1 ST June 2012 - Legal Disclamer The information contained herein has been obtained by various sources. Although every effort has been made to ensure

More information

WEEKLY SHIPPING MARKET REPORT

WEEKLY SHIPPING MARKET REPORT WEEKLY SHIPPING MARKET REPORT WEEK 8-19 th February to 26 th February 2013 - Legal Disclamer The information contained herein has been obtained by various sources. Although every effort has been made to

More information

WEEKLY MARKET REPORT November 20th, 2009 / Week 47

WEEKLY MARKET REPORT November 20th, 2009 / Week 47 LY MARKET REPORT November 20th, 2009 / Week 47 The numbers speak for themselves and we are ending another week of gains, although it seems that the surge in the capesize market may have peaked as in the

More information

WEEKLY SHIPPING MARKET REPORT

WEEKLY SHIPPING MARKET REPORT WEEKLY SHIPPING MARKET REPORT WEEK 40-2 nd October to 10 th October 2012 - Legal Disclamer The information contained herein has been obtained by various sources. Although every effort has been made to

More information

OPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings

OPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings OPTIMA - WEEKLY October 3rd, 2008 OPTIMA SHIPBROKERS LTD Sales & Purchase / Dry Cargo Chartering Tanker Chartering / Newbuildings BULK CARRIERS 'Marigold' 46,745tdw Blt 04/82 Korea, Krs M/E Sulzer Cr 3x20t,

More information

WEEKLY SHIPPING MARKET REPORT WEEK 1

WEEKLY SHIPPING MARKET REPORT WEEK 1 WEEKLY SHIPPING MARKET REPORT WEEK 1 WEEK 1 (29 th Dec to 5 th Jan 218) Baltic Indices (Friday Closing Values) Market Overview Happy new year, first week of 218 and as expected, it has been a slow and

More information

OPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects

OPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects OPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects Monday 27th March, 2017 Volume 650 Week 13 Sale & Purchase Activity

More information

WEEKLY SHIPPING MARKET REPORT

WEEKLY SHIPPING MARKET REPORT WEEKLY SHIPPING MARKET REPORT WEEK 34-20 th July to 27 th August 2012 - Legal Disclamer The information contained herein has been obtained by various sources. Although every effort has been made to ensure

More information

MARKET REPORT WEEK 31

MARKET REPORT WEEK 31 MARKET REPORT WEEK 31 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDING FRIDAY AUGUST 1 ST 2008 VESSEL S BOHAI 508-4 159.000 2009 BOHAI 508-5 159.000 2009 KING CHARLES 114.000 2009 KING CONRAD 114.000

More information

WEEKLY SHIPPING MARKET REPORT

WEEKLY SHIPPING MARKET REPORT WEEKLY SHIPPING MARKET REPORT WEEK 13-26 th March to 30 th March 2012 - Legal Disclamer The information contained herein has been obtained by various sources. Although every effort has been made to ensure

More information

WEEKLY SHIPPING MARKET REPORT WEEK 24

WEEKLY SHIPPING MARKET REPORT WEEK 24 WEEKLY SHIPPING MARKET REPORT WEEK 24 WEEK 24 (10 th Jun to 17 th Jun 2016) Market Overview During this week BDI closed today at 587 points with an impairment of 23 points compared to last Friday. This

More information

WEEKLY SHIPPING MARKET REPORT WEEK 47

WEEKLY SHIPPING MARKET REPORT WEEK 47 WEEKLY SHIPPING MARKET REPORT WEEK 47 WEEK 47 (19 th Nov to 25 th Nov 2016) Market Overview End of November, the end of Autumn and market numbers this week has shown a slight downtrend on the cape market

More information

MARKET REPORT WEEK 30 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 24 th JULY 2009

MARKET REPORT WEEK 30 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 24 th JULY 2009 MARKET REPORT WEEK 30 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 24 th JULY 2009 Nilimar's SNP market overview Whilst we believe there is still a dip, fall or even a collapse to come in

More information

Ship operating costs: Current and future trends

Ship operating costs: Current and future trends Ship operating costs: Current and future trends International Maritime Statistics Forum Richard Greiner, Moore Stephens LLP April 2013 Shipping PRECISE. PROVEN. PERFORMANCE. Introduction Richard Greiner

More information

WEEKLY SHIPPING MARKET REPORT WEEK 7 WEEK 7 (10 th Feb to 17 th Feb 2017)

WEEKLY SHIPPING MARKET REPORT WEEK 7 WEEK 7 (10 th Feb to 17 th Feb 2017) WEEKLY SHIPPING MARKET REPORT WEEK 7 WEEK 7 (1 th Feb to 17 th Feb 217) Market overview For those who are involved in the shipping industry it has been a whole year (11 February of 216) and they are still

More information

WEEKLY SHIPPING MARKET REPORT WEEK 5

WEEKLY SHIPPING MARKET REPORT WEEK 5 WEEKLY SHIPPING MARKET REPORT WEEK 5 WEEK 5 (3 th Jan to 3 rd Feb 217) Market overview Market OverviewWith half of the world being out of their offices celebrating the beginning of Chinese New Year, the

More information

WEEKLY SHIPPING MARKET REPORT WEEK 3

WEEKLY SHIPPING MARKET REPORT WEEK 3 WEEKLY SHIPPING MARKET REPORT WEEK 3 Market Overview We are now well into the first month of 218 and with a good start for commodities raw materials most of them reaching its highest levels since 214,

More information

WEEKLY SHIPPING MARKET REPORT WEEK 24

WEEKLY SHIPPING MARKET REPORT WEEK 24 WEEKLY SHIPPING MARKET REPORT WEEK 24 Market overview The Hellenic Shipbrokers Association has the pleasure to announce that the much-anticipated Pireas 217 Shipbrokers Dinner & Global Shipbrokers Forum

More information

Company Presentation March 2018

Company Presentation March 2018 Company Presentation March 2018 Company Overview Key Facts Fleet Profile Scorpio Bulkers Inc. ( Scorpio or the Company ) owns 56 (1) mid-size dry bulk Eco vessels with an average age of 2.1 years and time

More information

WEEKLY SHIPPING MARKET REPORT WEEK 41

WEEKLY SHIPPING MARKET REPORT WEEK 41 WEEKLY SHIPPING MARKET REPORT WEEK 41 WEEK 41 (07 th Oct to 14 th Oct 2016) Market Overview We are at in the middle of October and the previous week sfluctuatedfreight market environment has left mixed

More information

NILIMAR Ships Sale & Purchase

NILIMAR Ships Sale & Purchase MARKET REPORT WEEK 43 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 27 TH OCTOBER 2017. In the dry freight market only the BCI and the BHSI closed last week in positive territory by +2.4% and

More information

ATHENIAN SHIPBROKERS S.A.

ATHENIAN SHIPBROKERS S.A. Dec-6 Apr-7 Aug-7 Dec-7 Apr-8 Aug-8 Dec-8 Apr-9 Aug-9 Dec-9 Apr-1 Aug-1 Dec-1 Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-13 Aug-13 Dec-13 Apr-14 Aug-14 Dec-14 Apr-15 Aug-15 Dec-15 Apr-16 Aug-16 Dec-16

More information

NILIMAR Ships Sale & Purchase

NILIMAR Ships Sale & Purchase MARKET REPORT WEEK 5 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDED FRIDAY 31 ST JANUARY 2014. It seems the trends and sentiment of last week's markets (Freight / S+P / re-cycling) remains fairly much

More information

OPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects

OPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects OPTIMA SHIPBROKERS LTD Sale & Purchase / Demolition / Dry Cargo Chartering Tanker Chartering / Newbuildings / Repairs / Offshore / Projects Monday 17th February, 2014 Volume 497 Week 7 Sale & Purchase

More information

WEEKLY SHIPPING MARKET REPORT WEEK 48

WEEKLY SHIPPING MARKET REPORT WEEK 48 WEEKLY SHIPPING MARKET REPORT WEEK 48 WEEK 48 (24 th Nov to 1 st Dec 217) Market Overview Today is the draw for the FIFA World Cup in Russia with 32 teams eagerly awaiting their fate. Unfortunately, Hellas

More information

Baltic Dry Index. August 2017 PRICES TANKERS ($ MIO)

Baltic Dry Index. August 2017 PRICES TANKERS ($ MIO) 25 2 17-19, Vas. Pavlou Str., GR 166 73, Voula, Athens, Greece Tel: 21 96597 - Fax: 21 89964 Internet Mail: athenian(at)atheniansa(dot)gr MONTHLY REPORT Baltic Dry Index August 217 15 1 5 Aug-12 Oct-12

More information

WEEKLY SHIPPING MARKET REPORT WEEK 8 WEEK 8 (17 th Feb to 24 th Feb 2017)

WEEKLY SHIPPING MARKET REPORT WEEK 8 WEEK 8 (17 th Feb to 24 th Feb 2017) WEEKLY SHIPPING MARKET REPORT WEEK 8 WEEK 8 (17 th Feb to 24 th Feb 217) Market overview After three in a row weeks heading south and one week with mixed numbers, the market finally found her way north.

More information

Baltic Exchange Indices Calculation methods and upcoming regulation International Maritime Statistics Forum April 2013

Baltic Exchange Indices Calculation methods and upcoming regulation International Maritime Statistics Forum April 2013 Baltic Exchange Indices Calculation methods and upcoming regulation International Maritime Statistics Forum April 2013 Robin King Head of Marketing History 1700 1744 Virginia and Baltick Coffee House 1800

More information

WEEKLY SHIPPING MARKET REPORT WEEK 42

WEEKLY SHIPPING MARKET REPORT WEEK 42 WEEKLY SHIPPING MARKET REPORT WEEK 42 WEEK 42 (13 th Oct to 2 th Oct 217) Baltic Indices (Friday Closing Values) Market Overview Last month China imported 12.83 million tons of iron ore, up 1.6% yearon-year

More information

WEEKLY SHIPPING MARKET REPORT WEEK 51

WEEKLY SHIPPING MARKET REPORT WEEK 51 WEEKLY SHIPPING MARKET REPORT WEEK 51 WEEK 51 (15 th Dec to 22 nd Dec 217) Market Overview Just one week before the dawn of 218, with seasonal festivities in full swing and Christmas holidays just around

More information

8 th City of London Biennial Meeting November 2016 International Maritime Organisation (IMO), London

8 th City of London Biennial Meeting November 2016 International Maritime Organisation (IMO), London 8 th City of London Biennial Meeting 17-18 November 2016 International Maritime Organisation (IMO), London Drybulk Shipping in 21 st Century by Hakki Deval (MSc STF 2001) 0 China joins WTO in December

More information

WEEKLY SHIPPING MARKET REPORT WEEK 48

WEEKLY SHIPPING MARKET REPORT WEEK 48 WEEKLY SHIPPING MARKET REPORT WEEK 48 WEEK 48 (25 th Nov to 02 nd Dec 2016) Market Overview Winter is upon us, December just started and market numbers this week continue to move towards north, while only

More information

ATHENIAN SHIPBROKERS S.A.

ATHENIAN SHIPBROKERS S.A. Mar-6 Jul-6 Nov-6 Mar-7 Jul-7 Nov-7 Mar-8 Jul-8 Nov-8 Mar-9 Jul-9 Nov-9 Mar-1 Jul-1 Nov-1 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 Nov-15 Mar-16

More information

THE PROFESSIONALS ADVISORS & SUPERVISORS FOR NEWBUILDINGS

THE PROFESSIONALS ADVISORS & SUPERVISORS FOR NEWBUILDINGS GAINS Inc. THE PROFESSIONALS ADVISORS & SUPERVISORS FOR NEWBUILDINGS GAINS Inc. ADVISORS & SUPERVISORS THE PROFESSIONALS FOR NEWBUILDINGS COMPANY S PROFILE INDEX SCOPE OF BUSINESS / VISION EXISTING CLIENTELE

More information

Top 30 owners and operators

Top 30 owners and operators TANKEROperator s Top 30 owners and operators As usual, the data used to calculate Tanker Operator s Top 30 listing is compiled by calculating the fleet by total deadweight tonnage per tanker company. The

More information

WEEKLY SHIPPING MARKET REPORT WEEK 11

WEEKLY SHIPPING MARKET REPORT WEEK 11 WEEKLY SHIPPING MARKET REPORT WEEK 11 Market Overview The Dry bulk market seems to have found his rhythm the Index has managed to maintain levels above the 1, point mark since August 217, projecting a

More information

WEEKLY SHIPPING MARKET REPORT WEEK 44

WEEKLY SHIPPING MARKET REPORT WEEK 44 WEEKLY SHIPPING MARKET REPORT WEEK 44 Market Overview This week comes to an end with the traditional Eisbein 217 taking place every year on the first Friday in November at the Hamburg. It has been a week

More information

WEEKLY SHIPPING MARKET REPORT WEEK 22

WEEKLY SHIPPING MARKET REPORT WEEK 22 WEEKLY SHIPPING MARKET REPORT WEEK 22 Market overview The aggressive market correction that has started in mid-april and continued for yet another week. For the third consecutive week, the main sea freight

More information

2015 RESEARCH AND ANALYSIS: GREEK FLEET STATISTICS 2ND PART OF 2015 PETROFIN RESEARCH CONTENTS OF PETROFIN RESEARCH PART 2

2015 RESEARCH AND ANALYSIS: GREEK FLEET STATISTICS 2ND PART OF 2015 PETROFIN RESEARCH CONTENTS OF PETROFIN RESEARCH PART 2 based on data as of September RESEARCH AND ANALYSIS: GREEK FLEET STATISTICS 2ND PART OF CONTENTS OF PART 2 RESULTS AT A GLANCE (P. 2) SECTION A: VITAL STATISTICS OF THE ENTIRE GREEK FLEET (P. 3) SECTION

More information

WEEKLY SHIPPING MARKET REPORT WEEK 18

WEEKLY SHIPPING MARKET REPORT WEEK 18 WEEKLY SHIPPING MARKET REPORT WEEK 18 Market overview With holidays throughout most of this week enjoying the Golden week in, the continuing fall of the freight market has decrease the Dry Bulk SnP activity

More information

ECONOMIC CONSEQUENCES OF PIRACY AND ARMED ROBBERY ON SHIPPING

ECONOMIC CONSEQUENCES OF PIRACY AND ARMED ROBBERY ON SHIPPING EUROPEAN COMMISSION SEMINAR PIRACY AND ARMED ROBBERY AGAINST SHIPPING BRUSSELS 21st JANUARY 2009 ECONOMIC CONSEQUENCES OF PIRACY AND ARMED ROBBERY ON SHIPPING Presentation by G. De Monie MSc. Senior Director

More information

WEEKLY SHIPPING MARKET REPORT WEEK 10

WEEKLY SHIPPING MARKET REPORT WEEK 10 WEEKLY SHIPPING MARKET REPORT WEEK 1 Market Overview Yesterday we had the celebration of International Women's Day 218, a ship is called a she because there is always a great deal of bustle around her,

More information

Global Airline Trends and Impacts International Aviation Issues Seminar

Global Airline Trends and Impacts International Aviation Issues Seminar Global Airline Trends and Impacts International Aviation Issues Seminar December 2017, Washington D.C. Oliver Lamb Managing Director 1 Around the world in 45 minutes Financial Performance Canada Mexico

More information

ATHENIAN SHIPBROKERS S.A.

ATHENIAN SHIPBROKERS S.A. Feb-2 Jun-2 Oct-2 Feb-3 Jun-3 Oct-3 Feb-4 Jun-4 Oct-4 Feb-5 Jun-5 Oct-5 Feb-6 Jun-6 Oct-6 Feb-7 Jun-7 Oct-7 Feb-8 Jun-8 Oct-8 Feb-9 Jun-9 Oct-9 Feb-1 Jun-1 Oct-1 Feb-11 Jun-11 Oct-11 Feb-12 12 1 8 6 4

More information

The European Hotel Market

The European Hotel Market The European Hotel Market Boutique and Lifestyle Hotel Summit 2017 Sophie Colvin Business Development scolvin@str.com 2016 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a part

More information

(at)atheniansa(dot)gr Baltic Dry Index. Oct-14. Aug-14. Jun-15. Dec-14. Feb-15. Apr-15 PRICES TANKERS ($ MIO)

(at)atheniansa(dot)gr  Baltic Dry Index. Oct-14. Aug-14. Jun-15. Dec-14. Feb-15. Apr-15 PRICES TANKERS ($ MIO) 25 2 17-19, 19, Vas. Pavlou Str., GR 166 73, Voula, Athens, Greece Tel: 21 96597 - Fax: 21 89964 Internet Mail: athenian(at)atheniansa(dot) (at)atheniansa(dot)gr MONTHLY REPORT Baltic Dry Index October

More information

ENDURING EXUBERANCE!

ENDURING EXUBERANCE! Ali / +N February 17 th, 2017 Volume 174, Issue 762 Week 07 The harder the conflict, the more glorious the triumph. - Thomas Paine Highlights: MARKET COMMENTARY ENDURING EXUBERANCE! Indian steel gains.

More information

WEEKLY SHIPPING MARKET REPORT WEEK 50

WEEKLY SHIPPING MARKET REPORT WEEK 50 WEEKLY SHIPPING MARKET REPORT WEEK 50 WEEK 50 (02 nd Dec to 16 th Dec 2016) Market Overview Middle of December and the Christmas joy is upon us, but market numbers are not moving towards north they are

More information

ATHENIAN SHIPBROKERS S.A.

ATHENIAN SHIPBROKERS S.A. Jul-5 Nov-5 Mar-6 Jul-6 Nov-6 Mar-7 Jul-7 Nov-7 Mar-8 Jul-8 Nov-8 Mar-9 Jul-9 Nov-9 Mar-1 Jul-1 Nov-1 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 12

More information

ANNUAL REVIEW SHIPPING AND SHIPBUILDING MARKETS

ANNUAL REVIEW SHIPPING AND SHIPBUILDING MARKETS SHIPPING AND SHIPBUILDING MARKETS Contents THE DRY BULK SHIPPING MARKET P 22 THE SHIPBUILDING MARKET P 04 THE TANKER MARKET P 34 THE CHEMICAL CARRIER MARKET P 48 THE LPG AND CHEMICAL GAS SHIPPING MARKET

More information

MARKET REPORT WEEK 12

MARKET REPORT WEEK 12 MARKET REPORT WEEK 12 BASED ON SALES AND PURCHASES OF VESSELS WEEK ENDING FRIDAY MARCH 21 ST 2008 TANKERS HULL SEA TIGER 94.995 1989 KOYO, DS 19.00 M STENA ITALICA 47.288 2004 ULJANIK, CROATIA BRO ERIK

More information

PETROFIN RESEARCH Greek shipping companies January 2018 based on data as of December 2017

PETROFIN RESEARCH Greek shipping companies January 2018 based on data as of December 2017 1 2017 RESEARCH AND ANALYSIS: GREEK SHIPPING COMPANIES 1ST PART OF 2017 PETROFIN RESEARCH Petrofin Research are pleased to announce the release of the first part of their 2017 Greek Shipping research.

More information

TA KEROperator s. FRONTLINE (18.9 mill dwt, plus 4.4 mill dwt newbuildings) TOP 30 TANKER COMPANIES. TANKEROperator Annual Review March 2009

TA KEROperator s. FRONTLINE (18.9 mill dwt, plus 4.4 mill dwt newbuildings) TOP 30 TANKER COMPANIES. TANKEROperator Annual Review March 2009 TA KEROperator s Top 30 owners and operators This list has been compiled in terms of deadweight tonnage and includes companies owning or operating mainstream large crude carriers, chemical and products

More information

A year in perspective - a review of the European hotel market and outlook. Nick van Marken Chris Rouse Mark Finnie

A year in perspective - a review of the European hotel market and outlook. Nick van Marken Chris Rouse Mark Finnie A year in perspective - a review of the European hotel market and outlook Nick van Marken Chris Rouse Mark Finnie 1 Nick van Marken 2 Where were we pre-9/11? Economic environment volatility in global markets

More information

AirportInfo. Economic Indicators & Traffic

AirportInfo. Economic Indicators & Traffic AirportInfo Economic Indicators & Traffic March 2012 U.S. & Canadian GDP Economic Focus 6% 4% US Canada 2% 0% -2% -4% -6% -8% -10% GDP growth improved slightly for both the U.S. and Canada in the third

More information

Housing Outlook. Mr Sam White, Ray White Group Mr Harley Dale, Housing Industry Association. 29 October 2007

Housing Outlook. Mr Sam White, Ray White Group Mr Harley Dale, Housing Industry Association. 29 October 2007 Housing Outlook Mr Sam White, Ray White Group Mr Harley Dale, Housing Industry Association 29 October 2007 Australian Business Economists October 2007 Presented by Sam White Average Prices 700,000 600,000

More information

BRAZIL INTERNATIONAL INBOUND TRAVEL MARKET PROFILE (2011) Copyright 2012 by the U.S. Travel Association. All Rights Reserved.

BRAZIL INTERNATIONAL INBOUND TRAVEL MARKET PROFILE (2011) Copyright 2012 by the U.S. Travel Association. All Rights Reserved. BRAZIL INTERNATIONAL INBOUND TRAVEL MARKET PROFILE (211) Copyright 212 by the U.S. Travel Association. All Rights Reserved. EXECUTIVE SUMMARY With a population of nearly 2 million and a GDP exceeding $2

More information

ATHENIAN SHIPBROKERS S.A.

ATHENIAN SHIPBROKERS S.A. Apr-3 Aug-3 Dec-3 Apr-4 Aug-4 Dec-4 Apr-5 Aug-5 Dec-5 Apr-6 Aug-6 Dec-6 Apr-7 Aug-7 Dec-7 Apr-8 Aug-8 Dec-8 Apr-9 Aug-9 Dec-9 Apr-1 Aug-1 Dec-1 Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-13 12 1 8 6

More information

2012 RESULT PRESENTATION

2012 RESULT PRESENTATION 212 RESULT PRESENTATION BJÖRN ROSENGREN, PRESIDENT & CEO 25 JANUARY 213 Wärtsilä Net sales back to growth with stable profitability 212 development Order intake EUR 4,94 million, +9% Net sales EUR 4,725

More information

ATHENIAN SHIPBROKERS S.A.

ATHENIAN SHIPBROKERS S.A. Feb-1 May-1 Aug-1 Nov-1 Feb-2 May-2 Aug-2 Nov-2 Feb-3 May-3 Aug-3 Nov-3 Feb-4 May-4 Aug-4 Nov-4 Feb-5 May-5 Aug-5 Nov-5 Feb-6 May-6 Aug-6 Nov-6 Feb-7 May-7 Aug-7 Nov-7 Feb-8 May-8 Aug-8 Nov-8 Feb-9 May-9

More information

Youth/Backpacker Visitation to the Northern Territory. Year ending June 2017

Youth/Backpacker Visitation to the Northern Territory. Year ending June 2017 Youth/Backpacker Visitation to the Northern Territory Year ending June 2017 2 The following is a summary of information relevant to the Northern Territory tourism industry using visitation results from

More information

International Visitation to the Northern Territory. Year ending June 2017

International Visitation to the Northern Territory. Year ending June 2017 International Visitation to the Northern Territory Year ending June 217 The following is a summary of information relevant to the Northern Territory tourism industry including visitation results from Tourism

More information

06 July Shipbuilding News. Daewoo inks four chemicals. STX (Dalian) delivers China s largest PCTC. Greeks Are Waiting

06 July Shipbuilding News. Daewoo inks four chemicals. STX (Dalian) delivers China s largest PCTC. Greeks Are Waiting Korean Shipping messenger A collection of articles and daily news for the shipping industry with focus on the Korean shipping and shipbuilding markets. 06 July 2010 Shipbuilding News Daewoo inks four chemicals

More information

Table 1 Feeder and slaughter cattle exports by destination. LiveLink - March 2017

Table 1 Feeder and slaughter cattle exports by destination. LiveLink - March 2017 This edition of LiveLink includes the latest trends in Australian live export trade statistics and prices. Please note that all export data over the past nine months may later be revised. Feeder and slaughter

More information

Monthly Shipping Overview September 2017

Monthly Shipping Overview September 2017 Monthly Shipping Overview September 2017 $ (Millions) BSPA 5 yr Index 70 60 60.9 32.4 19.8 16.5 VLCC AFRA 50 40 30 20 10 0 29.2 AFRA 23.4 MR CAPES PANAMAX SUPRAMAX MR CAPES PANAMAX SUPRAMAX Sep-2017 VLCC

More information

Produced by: Destination Research Sergi Jarques, Director

Produced by: Destination Research Sergi Jarques, Director Produced by: Destination Research Sergi Jarques, Director Economic Impact of Tourism North Norfolk District - 2016 Contents Page Summary Results 2 Contextual analysis 4 Volume of Tourism 7 Staying Visitors

More information

Produced by: Destination Research Sergi Jarques, Director

Produced by: Destination Research Sergi Jarques, Director Produced by: Destination Research Sergi Jarques, Director Economic Impact of Tourism Norfolk - 2016 Contents Page Summary Results 2 Contextual analysis 4 Volume of Tourism 7 Staying Visitors - Accommodation

More information

Results of Tourism Activity

Results of Tourism Activity Results of Tourism Activity Mexico, June Undersecretariat of Planning and Tourism Policy Available in http://www.datatur.sectur.gob.mx/sitepages/versionesrat.aspx DIRECTORy ENRIQUE DE LA MADRID CORDERO

More information

Baltic Dry Index. December 2017 PRICES TANKERS ($ MIO)

Baltic Dry Index. December 2017 PRICES TANKERS ($ MIO) 25 2 17-19, Vas. Pavlou Str., GR 166 73, Voula, Athens, Greece Tel: 21 96597 - Fax: 21 89964 Internet Mail: athenian(at)atheniansa(dot)gr MONTHLY REPORT Baltic Dry Index December 217 15 1 5 Dec-12 Feb-13

More information

Tourism Development in Greece Background facts & current policy issues

Tourism Development in Greece Background facts & current policy issues Tourism Development in Greece Background facts & current policy issues Georgios Drakopoulos Director General, SETE & Chairman, UNWTO Business Council Meeting with the French Counselors for Foreign Trade

More information

Comparative report on Oversea Travel Behavior Study in Thailand, Indonesia and Vietnam in October 2015

Comparative report on Oversea Travel Behavior Study in Thailand, Indonesia and Vietnam in October 2015 Comparative report on Oversea Travel Behavior Study in Thailand, Indonesia and Vietnam in 2015 October 2015 Table of content A. Research Design (P.3) B. Respondent profile (P.4) C. Summary (P.5) D. Detail

More information

Survey of Travel Market Trends March, th quarter

Survey of Travel Market Trends March, th quarter v JATA18-7 April, 218 Survey of Travel Market Trends March, 217 4th quarter The Japan Association of Travel Agents (JATA) asks all member companies to register as survey monitors. JATA conducts a quarterly

More information

29 th European Hotel Investment Conference Heading into thin air? Robin Rossmann Wednesday 8 November

29 th European Hotel Investment Conference Heading into thin air? Robin Rossmann Wednesday 8 November 29 th European Hotel Investment Conference Heading into thin air? Robin Rossmann Wednesday 8 November European Hotel Investment Conference Robin Rossmann, Managing Director - STR rrossmann@str.com @STR_Data

More information