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 …

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Aframax values hover near historical highs 

15YO Aframaxes valued at USD 40.04 mil in September 2023 In recent weeks there has been a slight correction in values based on the latest benchmark sales. However, year on year values for this sector are up across all age categories, for example 15YO vessels of 110,000 DWT are up by c.20.95% from USD 31.88 …

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CSSC and CSIC Merger Intentions

This week the two largest Chinese shipbuilding groups China State Shipbuilding Corporation and China Shipbuilding Industry Corporation announced their intention to merge. If combined the Chinese mega yard’s orderbook will become the largest in the world when measured by number number of orders, dominating Capesize newbuilding orders. Currently there are 205 Capesize vessels on order, …

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Record Low Newbuild Orders Placed in Q2 2019

Newbuilding orders dropped to record lows in Q2 2019. Our Head Cargo Analyst, Olivia Watkins, reviews which yards have received orders and and which vessel types have been popular purchases.  Bulkers The total number of Bulker newbuild orders is down 73% for the first half of 2019 compared to the same period in 2018. So far …

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Record Low Newbuild Orders Placed in Q2 2019

Newbuilding orders dropped to record lows in Q2 2019. VesselsValue’s Head Cargo Analyst, Olivia Watkins, reviews which yards have received orders and and which vessel types have been popular purchases. Bulkers The total number of Bulker newbuild orders is down 73% for the first half of 2019 compared to the same period in 2018. So …

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