Tag Archive For "Bulkers"
Market Chat: Capesize values surge by 50% YoY
The Bulker sale and purchase market is back in full swing following the summer break. There have already been 12 sale and purchase transactions reported, compared to two over the whole month of August. During the same period last year, there were just eight Capesizes reportedly sold in September 2023, resulting in an increase of …
DWT capacity falls across bulkers and tankers transiting the Suez Canal
Nearly a year since hostilities erupted in the Red Sea region, we can observe the significant and ongoing impact this conflict continues to have on global shipping routes using Veson trade data. The Suez Canal, one of the world’s most important maritime chokepoints, has seen reduced traffic as shipowners and operators weigh the risks posed …
2024 Half Year Review: Bulkers
These half year reviews provide a summary analysis of the first half of 2024 in the tanker, container, offshore, and LNG / LPG sectors. In each, we explore three areas: the newbuild market, second-hand sale and purchase activities, and demolition trends. Combining Veson’s extensive datasets with many decades of combined experience among our analysts, these …
Dual-Fuel Fleet Additions Continue to Rise
Owners are shifting to dual-fuel systems in order to achieve net-zero emissions and comply with current environmental standards in the maritime sector. Using the Fleet Database feature of the VesselsValue platform, we examined the annual deliveries of dual-fuel vessels since 2018, broken down by the following sectors: Bulkers, Tankers, and Containers. Fleet Database’s smart search …
Shipping Market Outlook: Q3 2024 Forecast
Overview The Houthi attacks in the Bab Al Mandeb strait and the subsequent rerouting around the Capes has supported all the different shipping markets to varying degrees. The highly unpredictable nature of the Houthis creates a lot of uncertainty, as a sudden cessation of attacks carries a lot of downside risk for shipping, while a …
Bulker Newbuilding Values at 15-Year High
Bulker newbuilding values are currently at 15-year high, with increases across all sectors since the start of the year.
Shipping Market Outlook: Q2 2024 Forecast
Overview There are several elements of unpredictability affecting our shipping market forecasts for the second quarter of 2024. The Chinese economy’s recovery currently teeters on instability, casting a shadow of uncertainty over the industry due to China’s pivotal role as a major demand driver. Elevated interest rates in Western economies heighten the risk of a …
Bulker values increase by nearly 50% in one year
Dry bulk values increase as Capesize earnings reach the highest seasonal levels since 2010 Values increase Values for Bulkers have been going from strength to strength this year, up across all ages and size categories, notably in the Capesize and Supramax sectors. In the Capesize sector, values for 20 YO vessels of 180,000 DWT have …
Top 10 Shipowning Nations by Total Asset Value for 2024
Utilizing the VesselsValue database, we’ve reviewed the total asset values for vessels by beneficial owner country to determine this year’s top 10 shipowning nations. From Japan’s resolute leadership in the top position with a USD 206.3 billion fleet, to the emergence of Hong Kong at USD 44.7 billion, the asset values and ownership strategies have …
Bulker Market Resilient After Lunar New Year
As stakeholders navigated numerous variables over the start to 2024, including global economics and shipping route disruptions, the Bulker market remains dynamic and responsive to evolving trends and challenges. Bulker earnings reached their zenith in December but have since experienced a customary seasonal dip. However, despite the current decline, earnings continue to stand at historically …