Tag Archive For "Half Year"
Half Year Scrapping Round Up
The first half of 2019 saw 201 cargo vessels sold for demolition (sum 2 million tonnes) 75% were scrapped at either Bangladesh or India, with Bangladesh receiving the majority share. Scrapping numbers were down c.18% compared to the first half of 2018. This is a knock on effect from the collapse of the Brumadinho dam …
Half Year Values Round Up
Tankers The market trend for Tankers has been positive since the beginning of 2019. The recent purchase of a resale VLCC by SK Shipping for USD 98 mil is a 5 year high price achieved. Older VLCCs has been circulating the market recently and since the beginning of 2019 of the total 19 VLCC deals, …
Half Year S&P Review
Bulker A total of 204 bulkers have been sold since the beginning of 2019, interestingly however only 6 of these have been Capesize Bulkers. During a period of 4 months from December – April, no Capesize sales were concluded. This break of 106 days had never been seen in the market before. The lack of …