Job Search
 
 
  CV Search
 
 
  News
Shipbrokers Expect Increased Interest for Product Tanker Newbuildings
  
2019 Prospects are Rosy for the Handy Supramax Bulker Segment
  
Dry Bulk Market Long Haul Cargoes of Iron Ore Could Dwindle
  
Carnival Cruise ship has technical issue causing ship to tilt to one side It was pure chaos Screams Cries Panic
  
The 2020 Global Sulphur cap
  
 
 

Maritime News

Demolition Prices Lure More Shipowners In But Not Dry Bulk Ones

With the tanker freight market at its weakest state in years, it’s no wonder that more and more ships are candidates for scrapping. In its latest weekly report, Clarkson Platou Hellas commented that “the flow of larger tanker units remains relentless as each week brings new names into the market. Can the amount of such units be absorbed is a big question on everyone’s minds, especially as several cash buyers still hold large tanker units in their hands from previously concluded deals and yet, these vessels remain unsold. The ‘Will it, Won’t it’ long running saga from Pakistan in relation to re-opening for importing tanker units is now becoming onerous and there does appear to be so much speculation from certain cash buyers on the back of indications that the decision is imminent”.

The shipbroker added though that “the predictions that an announcement was due last week, and positive predictions too, have again proved unfounded and so the industry continues to wait with abated breath. Even if Pakistan does agree to a return to tanker imports, there is still some uncertainty that price levels will push northwards in an aggressive manner as the market is now so transparent that even on the shores of Pakistan, it is widely known of the large availability of tanker units, both now and for the foreseeable future. Also we feel, as brokers, that it will still need sometime for all parties to digest the new regulations and local custom formalities on arrival of a vessel to the anchorage and that information will not be provided overnight! As all and sundry from the Ship Recycling world (recyclers/breakers, cash buyers, brokers), Ship Owners, Environmental groups amongst other business colleagues congregate in Hamburg next week for the Annual Tradewinds Ship Recycling Conference, perhaps in addition to the usual environmental discussions and ‘spats’ that take place, Pakistan authorities may provide a timely and welcome boost to the industry players during this time. But…let’s wait and see! With all industry players gathering in one area, it could help to stimulate the market as has proven to be the case in previous gatherings and return some positive impact on the scene as at present, buyers seem to be singing from different song sheets”.

In a separate note, Allied Shipbroking added that “there was a considerable flow of demo units this past week, albeit slightly softer in volume compared to the week prior. This closed off another month, with the recycling market being driven to a considerable extent by the tanker sector, following the same pattern that was being noted at the final part of 2017. As it has already been mentioned many times, the main driver has been the poor freight conditions noted for tanker vessels. However, even with consideration to the parameters above, there is still an increasing level of speculative attitude in the market for the time being. The whole discussion referring to a potential re-opening of Pakistan for tankers has created some turbulence, whereby Cash buyers seem to be in a “hurry” to gather as many units as possible before the market catches up with the increased competition amongst buyers that would follow from a re-opening of Pakistan. Yet, high price levels that aren’t explained by the current markets’ fundamentals, can become an indicator for increased instability, as the price gap with the end buyers widens. Asymmetries and exaggerations of this kind can put the whole demolition market on a more problematic and unpredictable track, leaving many cash buyers at risk”.

Meanwhile, GMS, the world’s leading cash buyer said this week, that “the excitement being generated by an imminent Pakistani reopening for tankers coupled with soaring steel plate prices led to an unexpected market lift off this week, particularly in a previously dormant Bangladesh, which started to acquire fresh tanker units at a dizzying rate. This unexpected and sudden buoyancy from Chittagong has been driven by a short and sharp spike in plate prices (something that is not expected to last very long), whilst news of Pakistan’s (expected) reopening for tankers is sure to deprive competing neighbors of some of their regular diet of wet units. Meanwhile, there were several more (privately concluded) VLCC deals this week, taking the total number sold to well over 15 within the first two months of the year.

Additional tanker sales in both the Suezmax and Aframax sectors were also reported, in what has been another bumper week of wet sales to add to the extremely busy year witnessed already so far. The Pakistan re-opening for tankers (the order for which has been rumored to be forthcoming some time next week, to include “gas free for hot works” certificates from the last port of call) is set to ease some of the pressure on Bangladesh and India who have been struggling to take in some of these recently bullish tanker sales and Pakistan’s re-opening should boost prices as a result. Holidays have also (slightly) disrupted activity, with the recent conclusion of Chinese New year holidays last week, Holi celebrations in India this week (who have started to fall behind their sub-continent competitors once again) and the upcoming Tradewinds ship-recycling conference in Hamburg that is further set to hamper working hours, whilst bringing the shiprecycling sector together for what is usually a useful debate sprinkled with some frantic negotiating!”, GMS concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide

 

Click Here To Read More.

 Featured Company
Nautai Marine Services and Trading Pvt Ltd,India EXECUTIVE SHIP MANAGEMENT,India LEEDAR SHIPPING MANAGEMENT PVT. LTD.,India
Marinova Ship Management,India RAMANANDI MARINE AND SHIPPING SERVICES (OPC) PVT.LTD,India Darya Shipping Pvt. Ltd.,India
AYZ Maritime Navigation Pvt Ltd,India Indiana Maritime Pvt. Ltd,India SIDDHI OCEAN SERVICES PVT. LTD.,India
Olympia Ship Management Pvt.Ltd,India SHAMS SHIP MANAGEMENT PVT.LTD,India INTEGRITY SHIPPING PVT LTD.,India
Blue Bird Shipping Management Pvt. Ltd.,India Sea Rise Marine Services Pvt. Ltd.,India AN-Line Shipping Pvt. Ltd.,India
Global Tankers Pvt. Ltd.,India Galaxy Mariners & Shipping Company,India Shipteck Marine Solutions Pvt. Ltd.,India
Seaways Offshore Marine India Pvt.  Ltd.,India Rudraksh Marine Services Pvt. Ltd.,India Fleet Line Navigation Marine Management Pvt. Ltd.,India
Blackhull Maritime Services Private Limited,India CASABLANCA SHIPPING PVT LTD ,India TANKER SHIP MANAGEMENT & OFFSHORE PVT. LTD.,India
NAVYLINE SHIP MANAGMENT PVT LTD,India Marine World ,India Nessa Ship Management,India
MV SHIPPING MANEGEMENT SERVICES PVT LTD,India HOLY ANGEL MARINE SERVICES PVT LTD,India Oceanwharf Shipping Services Pvt. Ltd.,India
Cromwell Ship Mangement Pvt Ltd,India BAMS MARINE SERVICES PVT LTD,India Accord Marine Management Pvt Ltd,India
Sea Wealth Marine Solutions,India Westline Ship Management Pvt Ltd,India Yak Marine Pvt Ltd. ,India
Jude Enterprises & Marine Services Pvt. Ltd.,India Mehdi Bros Ship Services Pvt. Ltd.,India RAS SHIP MANAGEMENT Pvt.Ltd ,India
K.R. Marine Services Pvt. Ltd.,India S S OFFSHORE PVT LTD,India AL-HUZAIR MARINE SERVICES PVT.LTD,India
West Zone Marine Pvt Ltd,India Admiral Marine Services Pvt. Ltd.,India Udya Shipping Services Pvt. Ltd. ,India
Nimbus Maritime Services Private Limited,India S K ENGINEERING SHIPPING I PVT LTD,India Vrinda Global Pvt. Ltd.,India
AUBURN SHIPMANAGEMENT DMCC,India Trycon Marine Services Private Limited,India ASIA MARITIME SERVICES PVT.LTD.,India
ASP Ship Management (India) Pvt Ltd,India Aark Shipping And Manning Pvt. Ltd.,India Euro Crewing Service LLC,India
Ocean Offshore Marine India,India AMAZE MARITIME SERVICES PVT. LTD. ,India BD Shipping,India
Global Jobs Pool. ,India CORPORATE MARITIME SER PVT LTD,India Arctic Offshore & Manning Company Pvt. Ltd.,India
Vigil Marine Services Private Limited,India NAAVEX MARINE SERVICES,India World Ships Management Pvt Ltd,India
Sea Wealth Maine Solutions,India TEJAS MARITIME PVT. LTD. ( MAC SHIP DESIGN AND CONSTRUCTION PRIVATE LIMITED ),India DP SHIP MANAGEMENT PVT. LTD,India
DS MARINE,India Trinitas Ship Management Private Limited,India OLIVE CREW MANAGEMENT,India
Nams Ship Management Pvt.Ltd,India IMS SHIP MANAGEMENT Pvt Ltd,India vencen marine solution,India
SS Maritime Services,India Seastrom Marine Pvt. Ltd.,India Malawat Ship Management Pvt.Ltd.,India
Mariners Community Ship Management Private Limited,India Primanav ship management pvt. ltd,India Oceanic Star Shipping Pvt. Ltd. ,India
SEASON SHIP MANAGEMENT & MARITIME SERVICES,India Tapti Waterways Private Limited,India Naz Maritime Services Pvt.Ltd.,India
Swar India Shipping Services Pvt. Ltd,India Quadrant Maritime Pvt Ltd,India Tangar Ship Management Pvt Ltd,India
SHOROX SHIPPING OPC PVT LTD,India Oath Marine Services Pvt Ltd,India MARVIN INTERNATIONAL SHIP MANAGEMENT,India
Rassiya Shipping Services Pvt Ltd,India AUBURN SHIPMANAGEMENT DMCC,India Macaroni Ship Management Private Limited ,India
Mr.Sushant,India Summai Shipping Pvt.Ltd.,India MMS Maritime (India) Pvt.Ltd,India
AMSWAY SHIP MANAGEMENT PRIVATE LIMITED,India AG. MARITIME PRIVATE LIMITED,India Pelorus shipping pvt.ltd,India
SVS MARINE SERVICES PRIVATE LIMITED,India Seashell Marine Service Pvt. Ltd,India East India Shipping Agency,India
Campbell Shipping Pvt. Ltd.,India Phelix Shipping Ventures Pvt. Ltd,India I-Marine Infratech (India) Pvt. Ltd,India
SHODEN MARITIME & SHIPPING VENTURES PVT LTD,India Coastal Shipping Links(India) Pvt.Ltd,India DMC SHIP MANAGMENT PVT LTD ,India
Unimar Marine Services Pvt. Ltd.,India Three Bees Shipping Pvt. Ltd,India Ocean Glaxy Marine Pvt. Ltd.,India
VR MARITIME SERVICES PVT LTD,India Seaprime Marine Mgmt Pvt.Ltd,India sarwamangla Marine Pvt Ltd,India
Twilight Shipping,India Indocean Maritime Services Pvt Ltd,India Valaf DMCC,India
 ABB Ship Management Pvt. Ltd,India Neptune Ship Management ,India Nimbusmaritime Service,India
MMS Americas LLC,India Amag Ships Pvt. Ltd.,India gwl maritime services india pvt ltd ,India
Blue Whale Maritime,India PRATISHTHA MARINE SERVICES,India INTER OCEANIC MARINE SERVICES PVT LTD,India
Royal Shipping Services,India Join Hands Marine Services Private Limited,India RAMAN MARITIME ACADEMY PVT. LTD.,India
DEMENTUS SHIP MANAGEMENT INDIA PVT LTD,India Meridian Marine Management Private Limited,India EKLAVYA SHIP & CREW MANAGEMENT,India
Penta Crystal Ship Management,India Oceanic Shipping Services Private Limited,India Synergy Maritime Recruitment Services Pvt Ltd,India
MAERSK ,India Oceans Pride Marine Services Pvt. Ltd.,India SeaJobhunt,India
APAC Marine Services Pvt. Ltd,India Angel Maritime (India) Services ,India Albatross  Marine Services  ,India
AET Shipmanagement (India) Pvt. Ltd,India Helm Shipping Management Private Limited,India SHRI MAHAVIR MARINE SERVICES PVT LTD,India
Ind-Aust Maritime Pvt. Ltd,India Bridgeview Maritime Pvt.Ltd,India Calm Seas Shipping and Maritime Services Pvt.ltd,India
Ad Ship Management pvt. Ltd,India Tristarr Maritime And Shipping Private Limited,India

Copyrights © 2012 seajobhunt.com
Terms and Conditions  -   Sitemap  -   Private Policy  -   FAQ  -   Contact Us
Site By : Pheunix