Entries Written By Rebecca Galanopoulos
2022 Cargo Review: Demolition
Introduction Tankers dominated the demolition market this year, accounting for approximately 43% of all cargo vessels scrapped. In comparison, the number of Bulkers scrapped was low, with 48 vessels accounting for 38% of the scrapped fleet, LPG vessels scrapped totalled 11% while the number of Container vessels sold for demolition accounted for only 7%, and …
Market Chat: Week 8
What’s the story with Capesizes? Capesize earnings have fallen to the lowest levels since Q1 2020. Although we have come to expect a seasonal lull during the first quarter of the year, with the Lunar New Year celebrations now a distant memory, what is causing rates to fall further? Bulker market players take into account …
Where is Russian Oil Going?
Two months on from the initial sanctions on Russian crude, we take a look at the impact that these restrictions have had on the Tanker markets. Additionally, we analyse the impact of the new round of sanctions on refined petroleum products that came into force on 5th February 2023. In the run up to the …
Opportunities in the MR Tanker Market: Spot Earnings and Secondhand Demand
MRs Dominate Tanker S&P MR secondhand sales have dominated the Tanker sale and purchase sector so far this year, accounting for 35% of Tanker sales. Unlike the crude markets that saw record highs in the run up to the 5th December sanctions on Russian oil, before the February sanctions on Russian petroleum products came in …
The Trend of Rising Container Scrapping and Falling S&P Transactions
Container demolition January was the busiest month for Container demolition sales since July 2020. All sales reported were on the smaller scale, with four Feedermax vessels committed and nine Handy Containerships setting sail for their final voyage to be recycled in India. All Container vessels scrapped were built in the 1990s with an average age …
Analysing the Greek Maritime Fleet
To mark the start of Capital Link Annual Greek Shipping Forum this week, we take a look at the Greek Maritime fleet using VesselsValue data. The infographic highlights the Greek fleet breakdown by vessel type, top owning nations, S&P transactions, top Greek owners, CII distribution and the most valuable Greek vessels. Greek Fleet Breakdown Bulkers …
How new EU sanctions will affect the clean Tanker market
New wave of sanctions to hit Clean Tanker market A fresh round of EU sanctions on Russia that will include refined petroleum products are set to come into force on the 5th of February. In the run up to this round of sanctions, we have not seen the same soaring freight rates that characterised the …
Surge in Tanker sales signals command premium in S&P market
Ice class Tankers are the talk of the town The number of ice class Aframax Tanker transactions that took place in 2022 increased by 140% year on year. The majority of sales took place in the second half of the year and the average age of vessels sold was 15 years. Values for this sector …
The impact of low iron-ore demand on Capesize values
Capesize values softened in December 2022 Capesize values continued to soften over the course of December with the most dramatic fall seen in 15 year old Capes of 180,000 DWT, down by c.3.4% from USD 20.09 mil to USD 19.34 mil. Sentiment for the Capesize sector has been marred by concerns over low iron ore …
Market Chat: Week 50
Containers values continue to soften Container values have continued to fall across all sub sectors and age categories in Q4 of 2022. Sale and purchase transactions have dropped steadily across each quarter of the year. In Q4 to date, only 25 sales have been reported, a drop of c.81% year on year. The decrease in …