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

Home / Tag Archives Tops Tag Archives Tops Dry Bulk Market Freight Rate Prospects Looking Positive After Chinese Lunar New Year

Dry bulkers are hotting up price-wise, as the market’s prospects appear rosier than ever during these years of crisis. Shipbrokers are noting that, despite the Chinese New Year celebrations, which are typically negative for the freight market, the BDI (Baltic Dry Index) has managed to sustain a positive level, which means that heading up towards the spring wheat season of high demand, things can get even better. In turn, this has prompted more second hand acquisitions.

In its latest weekly report, shipbroker Intermodal said that “the second month of the year is traditionally a particularly interesting one for the shipping industry as a whole and even more importantly for the dry bulk market. The period starting from January and extends up until the end of the Chinese New Year celebrations is traditionally a quiet one for bulkers. Let us not forget that during February 2016 the BDI marked its record low, while the lowest level for the index in 2017 was also recorded during the month of February. Despite the fact that we’ve reached 2018’s Lunar New Year and the effects of the traditional slowdown are already visible, the BDI remains – at least for now – in excess of 1,100 points, signaling a rather positive period March onwards if the pattern of previous years repeats itself that is”.

According to Intermodal’s SnP broker, Mr. Nassos Soulakis, “taking a closer look to some SnP transactions that took place during the past couple of years, it is logical to see the BDI’s improvement reflected on asset prices as well. In the second-hand market for 28kdwt Japanese Handysize Bulkers the following sales are rather representative of this improvement. The “ex-DORIS” (28,352dwt-blt ‘08, Japan) was sold to Greeks buyers for $6.3m back in March 2016 and shortly after the BDI’s all-time low. Ten months later, in January 2017, the “ex-OCEAN BELLE” (28,418dwt-blt ‘09, Japan) was sold to Greeks buyers for $7.2m, which translates to a 14.3% increase. If someone would try to value an eight-year old 28kdwt Japanese Handysize bulker today, the figure would be something in excess of $ 9.0m, which represents an increase of over 40% in two years’ time”.

Soulakis also said that “the differentiation in eight-year old 56kdwt Japanese Supramaxes is even more impressive. The “ex-ASTON TRADER II” (55,496dwt-blt ‘08, Japan) was sold for $6.8m during the first month of 2016, while the price for similar tonnage nowadays is quoted well in excess of $ 15.0m, with the “MAPLE ISLAND” (55,610dwt-blt ‘10, Japan) only recently reported sold for a price in the region $15.4m, a price more than double compared to two years ago. As recently, we marked the two-year anniversary from the all-time low of the dry bulk index back in 2016, one can say that it is more than evident that fundamentals have since improved significantly and that there are currently no signs of similar lows being revisited – at least not any time soon. As market participants are now more relaxed – and rightfully so – they focus less on the direction of the market during the following months (most predictions agree on a positive course for earnings after all) and more on the degree of this improvement and of course its duration”.

Intermodal’s analyst added that “as far as asset prices are concerned, we logically expect these to keep improving for as long as the freight market remains positive and even doing so disproportionally to rates in some cases, as enthusiasm always tends to fuel a lot of excitement in the SnP market. Despite the fact that 2016 already feels much far in the past given today’s earnings and asset price levels, it is definitely a year that should always remind us of the negative potential of both rates and values. As such, it should reinforce the self-preservation instinct of owners for times when the market improves even further, with such development always shaping key market drivers like increased newbuilding ordering and restricted scrapping – these two having a severe impact on both the scale of a recovery and its duration”, Soulakis 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