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Star Asia Shipbroking Weekly Market Report – Week 30 

This week in the focus, the Federal Reserve officials are poised to signal potential rate cuts in the coming months, with Chair Jerome Powell   Source: Star Asia Shipbroking This week in the focus, the Federal Reserve officials are poised to signal potential rate cuts in the coming months, with Chair Jerome Powell   Source: Star […]

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Gibson tanker report – Is China’s crude craze over? 

China saw an impressive rebound in crude imports last year, driven by the country’s post-Covid economic recovery. However, the picture   Source: GIBSON SHIPBROKERS LTD China saw an impressive rebound in crude imports last year, driven by the country’s post-Covid economic recovery. However, the picture   Source: GIBSON SHIPBROKERS LTD 

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Advanced Shipping & Trading – WEEKLY SHIPPING MARKET REPORT WEEK 30, 2024 

Tokei Kaiun have committed their Capesize “Cape Mathilde” 178/2010 Mitsui, Japan (SS/DD 11/2025, BWTS fitted) to Chinese interests at region   Source: Advanced Shipping & Trading S.A. Tokei Kaiun have committed their Capesize “Cape Mathilde” 178/2010 Mitsui, Japan (SS/DD 11/2025, BWTS fitted) to Chinese interests at region   Source: Advanced Shipping & Trading S.A. 

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VHBS New ConTex Container Ship Time Charter Assessment Index Week 30 

The container charter market has turned more quiet in the past fortnight, with the traditional summer lull in the Northern hemisphere, and   Source: Verband Hamburger und Bremer Schiffsmakler e.V The container charter market has turned more quiet in the past fortnight, with the traditional summer lull in the Northern hemisphere, and   Source: Verband Hamburger […]

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Best Oasis Weekly Recycling Market Report, 26 July 2024 

This week, ship recycling industry faced significant challenges across multiple regions. In India, the market has experienced a   Source: Best Oasis Limited This week, ship recycling industry faced significant challenges across multiple regions. In India, the market has experienced a   Source: Best Oasis Limited 

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Affinity Tanker Weekly, 26 July 2024 

This time last week a couple of late fixtures brought some optimism to the VLCC sector and provided a platform heading into week 30 for   Source: Affinity Research LLP This time last week a couple of late fixtures brought some optimism to the VLCC sector and provided a platform heading into week 30 for   […]

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GOLDEN DESTINY WEEKLY REPORT – WEEK 30 

Golden Destiny Market Report Week 30. You will find the following: -Weekly S&P Market Report (Week 30 – Report No 30.24)   Source: Golden Destiny S.A Golden Destiny Market Report Week 30. You will find the following: -Weekly S&P Market Report (Week 30 – Report No 30.24)   Source: Golden Destiny S.A 

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Fearnleys Week 30 2024 

The doom and gloom of the past few weeks quickly dissipating over the last few days, as MEG rates improving by 40%, and the   Source: Fearnleys A.S The doom and gloom of the past few weeks quickly dissipating over the last few days, as MEG rates improving by 40%, and the   Source: Fearnleys A.S 

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Xclusiv Shipbrokers Weekly 22nd July 2024 

Newbuilding activity remains robust with vessel deliveries extending to 2028 for bulkers, tankers, and containers, and up to 2030 for   Source: Xclusiv Shipbrokers Inc. Newbuilding activity remains robust with vessel deliveries extending to 2028 for bulkers, tankers, and containers, and up to 2030 for   Source: Xclusiv Shipbrokers Inc. 

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Breakwave Dry Bulk Shipping Report 7.23.2024 

Freight Futures Volatility Collapses to Record Lows as Spot Rates Remain Rangebound – The highly volatile dry bulk   Source: Breakwave Advisors Freight Futures Volatility Collapses to Record Lows as Spot Rates Remain Rangebound – The highly volatile dry bulk   Source: Breakwave Advisors 

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Ningbo Containerized Freight Index Report, 19 July 2024 

In the week ending Jul-19, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange In the week ending Jul-19, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes Below find the NCFI Weekly Index Data chart: Source: Ningbo […]

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GMS Week 29 – DECIDEDLY DICEY! 

Indian sub-continent ship recycling markets remain decidedly dicey as both currencies and local steel plate prices in India & Bangladesh declined even further this week, and vessel prices and demand take on a whole new meaning of industrywide suffering, especially with Turkey and Pakistani ship recycling markets still being remanded at the same resort over […]

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Best Oasis Weekly Recycling Market Report, 19 July 2024 

The ship recycling sectors in four key destinations faced challenges this week. In India, the industry continues to struggle with   Source: Best Oasis Limited The ship recycling sectors in four key destinations faced challenges this week. In India, the industry continues to struggle with   Source: Best Oasis Limited 

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Gibson tanker report – Humbled by Hurricanes 

With Hurricane Beryl recently striking the Caribbean and United States, making headlines worldwide for being the earliest category   Source: GIBSON SHIPBROKERS LTD With Hurricane Beryl recently striking the Caribbean and United States, making headlines worldwide for being the earliest category   Source: GIBSON SHIPBROKERS LTD 

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Affinity Tanker Weekly, 19 July 2024 

With the realisation mid-week that levels had definitely been squeezed too far, battling VLCC owners have finally and successfully begun   Source: Affinity Research LLP With the realisation mid-week that levels had definitely been squeezed too far, battling VLCC owners have finally and successfully begun   Source: Affinity Research LLP 

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VHBS New ConTex Container Ship Time Charter Assessment Index Week 29 

Over the past two to three months charterers worldwide have rushed to secure tonnage from the market and forward fixed into next   Source: Verband Hamburger und Bremer Schiffsmakler e.V Over the past two to three months charterers worldwide have rushed to secure tonnage from the market and forward fixed into next   Source: Verband Hamburger […]

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GOLDEN DESTINY WEEKLY REPORT – WEEK 29 

Golden Destiny Market Report Week 29. You will find the following: -Weekly S&P Market Report (Week 29 – Report No 29.24)   Source: Golden Destiny S.A Golden Destiny Market Report Week 29. You will find the following: -Weekly S&P Market Report (Week 29 – Report No 29.24)   Source: Golden Destiny S.A 

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Fearnleys Week 29 2024 

From an owner’s perspective, the less said about the past week the better, with rates drifting into the lower WS 40’s for a TD3 run   Source: Fearnleys A.S From an owner’s perspective, the less said about the past week the better, with rates drifting into the lower WS 40’s for a TD3 run   Source: […]

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GMS Week 28 – DOUBLE DOWN! 

The anticipated / ongoing seasonal slowdown in activity coupled with softening vessel prices has clearly started to characterize the year’s summer / monsoon mess across the Indian sub-continent ship recycling markets. However, the 2024 version not only includes the incessant rains and a holiday-time for yard workers, but also ongoing global descent via boots on […]

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Ningbo Containerized Freight Index Report, 12 July 2024 

In the week ending Jul-12, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 2807.4 Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange In the week ending Jul-12, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 2807.4 Below find the NCFI Weekly Index Data chart: […]

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ISM coasters and mini bulkers – Week 28 

The short-sea market remains collapsed, with almost no signs of life all across the Black and Mediterranean Seas.   Source: International Seaborne Market The short-sea market remains collapsed, with almost no signs of life all across the Black and Mediterranean Seas.   Source: International Seaborne Market 

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Star Asia Shipbroking Weekly Market Report – Week 28 

The Red Sea shipping route’s significance for global trade has been severely impacted by ongoing Houthi militia attacks on vessels   Source: Star Asia Shipbroking The Red Sea shipping route’s significance for global trade has been severely impacted by ongoing Houthi militia attacks on vessels   Source: Star Asia Shipbroking 

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GOLDEN DESTINY WEEKLY REPORT – WEEK 28 

Golden Destiny Market Report Week 28. You will find the following: -Weekly S&P Market Report (Week 28 – Report No 28.24)   Source: Golden Destiny S.A Golden Destiny Market Report Week 28. You will find the following: -Weekly S&P Market Report (Week 28 – Report No 28.24)   Source: Golden Destiny S.A 

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Affinity Tanker Weekly, 12 July 2024 

The main highlight of the VLCC market this week has been the slight revival of reported Americas business   Source: Affinity Research LLP The main highlight of the VLCC market this week has been the slight revival of reported Americas business   Source: Affinity Research LLP 

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Gibson tanker report – Cash Cow 

In December 2023, when the newly elected Xavier Milei took the oath as the Argentinian president, the country was reeling under hyper-inflation   Source: GIBSON SHIPBROKERS LTD In December 2023, when the newly elected Xavier Milei took the oath as the Argentinian president, the country was reeling under hyper-inflation   Source: GIBSON SHIPBROKERS LTD 

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Best Oasis Weekly Recycling Market Report, 12 July 2024 

This week was marked by stagnation and challenges across the four ship recycling destinations. In India, the market showed no signs of improvement   Source: Best Oasis Limited This week was marked by stagnation and challenges across the four ship recycling destinations. In India, the market showed no signs of improvement   Source: Best Oasis Limited 

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Fearnleys Week 28 2024 

More of the same on VLCC’s this week as subdued enquiry and the smoke and mirrors tactics continue.   Source: Fearnleys A.S More of the same on VLCC’s this week as subdued enquiry and the smoke and mirrors tactics continue.   Source: Fearnleys A.S 

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Weekly Vessel Valuations Report, July 09 2024 

Bulkers: Bulker values were stable last week apart from slight softening for older tonnage Supramax BCs Capesize BC Ocean Courtesy (177,000 DWT, Mar 2008, SWS) sold to Jinjui Shippings and Transportation for USD 24 mil, VV Value USD 24 mil Post Panamax BC Lowlands Horizon (93,500 DWT, Sept 2018, Oshima) sold to unknown Greek buyers […]

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Banchero Costa Weekly Market Report, Week 27 2024 

2023 was a very positive year for the global dry bulk trade. In 2023, the dry bulk trade grew 4% driven by strong demand for coal, fertilizers   Source: banchero costa &c s.p.a 2023 was a very positive year for the global dry bulk trade. In 2023, the dry bulk trade grew 4% driven by strong […]

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Xclusiv Shipbrokers Weekly 08th July 2024 

Oil prices are trading near a two-month high, at levels not seen since April 2024, as refineries ramp up for the summer driving season and traders worry   Source: Xclusiv Shipbrokers Inc. Oil prices are trading near a two-month high, at levels not seen since April 2024, as refineries ramp up for the summer driving season […]

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Breakwave Tanker Report 7.9.2024 

Freight Futures Volatility Drops to 5-Year Lows as Spot Rates Remain Rangebound – Volatility has all but disappeared in the usually highly volatile freight futures market   Source: Breakwave Advisors Freight Futures Volatility Drops to 5-Year Lows as Spot Rates Remain Rangebound – Volatility has all but disappeared in the usually highly volatile freight futures market […]

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Ningbo Containerized Freight Index Report, 05 July 2024 

In the week ending July-05, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange In the week ending July-05, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange 

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GMS Week 27 – PAUSE! 

It has been another tentative time in the global ship recycling markets as overall this week, SNP activity and local arrivals / deliveries reported minimal movements at the various waterfronts (Turkey’s permanent holiday notwithstanding), in addition to no market sales to report in the midst of Indian sub-continent ship recyclers decidedly approaching the monsoons with […]

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Gibson tanker report – Mid-year review 

The onset of the EU’s Emission Trading System and fresh OPEC+ supply cuts were expected to be the big news stories at the start of this year   Source: GIBSON SHIPBROKERS LTD The onset of the EU’s Emission Trading System and fresh OPEC+ supply cuts were expected to be the big news stories at the start […]

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Affinity Tanker Weekly, 05 July 2024 

The summer lull continues across the VLCC sector with fixing levels maintaining their gradual slide. Market fundamentals have improved slightly   Source: Affinity Research LLP The summer lull continues across the VLCC sector with fixing levels maintaining their gradual slide. Market fundamentals have improved slightly   Source: Affinity Research LLP 

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Best Oasis Weekly Recycling Market Report, 05 July 2024 

Here’s an overview of the current ship recycling market across various destinations. In India, the market remains stable   Source: Best Oasis Limited Here’s an overview of the current ship recycling market across various destinations. In India, the market remains stable   Source: Best Oasis Limited 

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GOLDEN DESTINY WEEKLY REPORT – WEEK 27 

Golden Destiny Market Report Week 27. You will find the following: -Weekly S&P Market Report (Week 27 – Report No 27.24)   Source: Golden Destiny S.A Golden Destiny Market Report Week 27. You will find the following: -Weekly S&P Market Report (Week 27 – Report No 27.24)   Source: Golden Destiny S.A 

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Fearnleys Week 27 2024 

Uninspiring would be the buzz word for the week, with new lows for MEG/East runs – as a shorter voyage to Thailand agreed at WS 47 (albeit a 15-year+ vessel).   Source: Fearnleys A.S Uninspiring would be the buzz word for the week, with new lows for MEG/East runs – as a shorter voyage to Thailand […]

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Xclusiv Shipbrokers Weekly 01st July 2024 

The dry bulk market has exhibited significant strength over the past year, with an upward trend fostering optimism among both owners and charterers.   Source: Xclusiv Shipbrokers Inc. The dry bulk market has exhibited significant strength over the past year, with an upward trend fostering optimism among both owners and charterers.   Source: Xclusiv Shipbrokers Inc. 

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Intermodal Weekly Market Report Week 26 2024 Broker’s Insight 

During the second quarter, we have observed an unprecedented surge in bauxite exports from Guinea, reaching a new record high of 38.01 million tons.   Source: Intermodal During the second quarter, we have observed an unprecedented surge in bauxite exports from Guinea, reaching a new record high of 38.01 million tons.   Source: Intermodal 

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Banchero Costa Weekly Market Report, Week 26 2024 

Expectations for a firmer Chinese economic performance was reflected on the increase of iron ore prices and, consequently, a recovery in the Capesize freight market   Source: banchero costa &c s.p.a Expectations for a firmer Chinese economic performance was reflected on the increase of iron ore prices and, consequently, a recovery in the Capesize freight market […]

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Breakwave Tanker Report 7.2.2024 

The VLCC Market Steadies Following a Month of Constant Pressure, as a Rare Positive Factor Emerges – The VLCC market remained relatively stable in the final week of June   Source: Breakwave Advisors The VLCC Market Steadies Following a Month of Constant Pressure, as a Rare Positive Factor Emerges – The VLCC market remained relatively stable […]

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Weekly Vessel Valuations Report, July 02 2024 

Bulkers: S&P Values Bulker values increased for Capesize and Panamax vessels owing to sales of vessels such as Courageous and Livia Rose Capesize BC Courageous (181,000 DWT, Nov 2016, SWS) sold to Thenamaris for USD 50.5 mil, VV Value USD 49.65 mil Panamax BC Livia Rose (81,800 DWT, Feb 2018, Tsuneishi Zhoushan) sold to undisclosed […]

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Ningbo Containerized Freight Index Report, 28 June 2024 

In the week ending June-28, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange In the week ending June-28, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange 

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ISM coasters and mini bulkers – Week 26 

The Handysize shipping market continues to soften in ECSA . Freight rates are sliding down amid sharpening cargo/tonnage imbalance in the region.   Source: International Seaborne Market The Handysize shipping market continues to soften in ECSA . Freight rates are sliding down amid sharpening cargo/tonnage imbalance in the region.   Source: International Seaborne Market 

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GOLDEN DESTINY WEEKLY REPORT – WEEK 26 

Golden Destiny Market Report Week 26. You will find the following: -Weekly S&P Market Report (Week 26 – Report No 26.24)   Source: Golden Destiny S.A Golden Destiny Market Report Week 26. You will find the following: -Weekly S&P Market Report (Week 26 – Report No 26.24)   Source: Golden Destiny S.A 

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Affinity Tanker Weekly, 28 June 2024 

The week ends with a ream of VLCCs disappearing quietly without much info circulating. Rates have held steady for the most part   Source: Affinity Research LLP The week ends with a ream of VLCCs disappearing quietly without much info circulating. Rates have held steady for the most part   Source: Affinity Research LLP 

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Gibson tanker report – Mired in MRs 

MR tankers, the workhorses of both the clean and occasionally dirty product markets form the largest segment of the tanker industry.   Source: GIBSON SHIPBROKERS LTD MR tankers, the workhorses of both the clean and occasionally dirty product markets form the largest segment of the tanker industry.   Source: GIBSON SHIPBROKERS LTD 

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Best Oasis Weekly Recycling Market Report, 28 June 2024 

The ship recycling industry faced a challenging landscape this week. In India, the market is experiencing a significant downturn   Source: Best Oasis Limited The ship recycling industry faced a challenging landscape this week. In India, the market is experiencing a significant downturn   Source: Best Oasis Limited 

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Fearnleys Week 26 2024 

The summer doldrums continue. Slow demand, Chinese ships for Chinese cargoes, and many other deals remain mysteries with no rates reported.   Source: Fearnleys A.S The summer doldrums continue. Slow demand, Chinese ships for Chinese cargoes, and many other deals remain mysteries with no rates reported.   Source: Fearnleys A.S 

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Banchero Costa Weekly Market Report, Week 25 2024 

2023 was a very positive year for global iron ore trade. In Jan-Dec 2023, global loadings ofiron ore increased by +5.1% y-o-y   Source: banchero costa &c s.p.a 2023 was a very positive year for global iron ore trade. In Jan-Dec 2023, global loadings ofiron ore increased by +5.1% y-o-y   Source: banchero costa &c s.p.a 

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Xclusiv Shipbrokers Weekly 25th June 2024 

Despite increasing prices, the orderbook for the four main vessel categories (bulk carriers, tankers, containers & gas carriers above 10,000 DWT)   Source: Xclusiv Shipbrokers Inc. Despite increasing prices, the orderbook for the four main vessel categories (bulk carriers, tankers, containers & gas carriers above 10,000 DWT)   Source: Xclusiv Shipbrokers Inc. 

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Intermodal Weekly Market Report Week 25 2024 Broker’s Insight 

Building upon our prior analyses which explored the sales & purchase, and contracting activities within the dry bulk and tanker sectors for the year 2024   Source: Intermodal Building upon our prior analyses which explored the sales & purchase, and contracting activities within the dry bulk and tanker sectors for the year 2024   Source: Intermodal 

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Star Asia Shipbroking Weekly Market Report – Week 25 

The Chinese property market is facing a deepening crisis, as evidenced by recent downgrades from global credit ratings firms.   Source: Star Asia Shipbroking The Chinese property market is facing a deepening crisis, as evidenced by recent downgrades from global credit ratings firms.   Source: Star Asia Shipbroking 

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Weekly Vessel Valuations Report, June 25 2024 

Bulkers: S&P Values Bulker values increased for Supramax and Ultramax vessels owing to sales of vessels such as Beate Oldendorff and Velvet Ultramax BC Beate Oldendorff (62,600 DWT, Mar 2020, Oshima) sold to unknown European buyers for USD 38.30 mil, VV Value USD 37.90 mil Ultramax BC Velvet (62,600 DWT, Nov 2018, Oshima) sold to […]

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Breakwave Tanker Report 6.25.2024 

Volatility Declines as Spot Rates Remain Rangebound – Not much has changed over the past fortnight, as Capesize spot rates hover in the mid/low-20,000s range   Source: Breakwave Advisors Volatility Declines as Spot Rates Remain Rangebound – Not much has changed over the past fortnight, as Capesize spot rates hover in the mid/low-20,000s range   Source: […]

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Ningbo Containerized Freight Index Report, 21 June 2024 

In the week ending June-21, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange In the week ending June-21, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange 

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GMS Week 25 – TWO TO TANGO?! 

Across the industry this week, the ongoing & disastrous state of affairs in both Bangladesh and Pakistan on opposite ends, coupled with the onset of the customarily slower summer / monsoon months has increasingly descended the Indian sub-continent ship recycling markets into a tighter squeeze over the last week or so, especially as India too […]

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VHBS New ConTex Container Ship Time Charter Assessment Index Week 25 2024 

The container market continues to steamroll towards the summer, although the number of fixtures seems to have dropped off slightly this week.   Source: Verband Hamburger und Bremer Schiffsmakler e.V The container market continues to steamroll towards the summer, although the number of fixtures seems to have dropped off slightly this week.   Source: Verband Hamburger […]

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Affinity Tanker Weekly, 21 June 2024 

For some players in the VLCC market this week, there might have been lengthy periods of thumb twiddling and radio silence   Source: Affinity Research LLP For some players in the VLCC market this week, there might have been lengthy periods of thumb twiddling and radio silence   Source: Affinity Research LLP 

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Gibson tanker report – Cleaning Up 

LRs have seen extreme volatility this year, with spot earnings looking very much like a roller coaster ride.   Source: GIBSON SHIPBROKERS LTD LRs have seen extreme volatility this year, with spot earnings looking very much like a roller coaster ride.   Source: GIBSON SHIPBROKERS LTD 

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Best Oasis Weekly Recycling Market Report, 21 June 2024 

The four key ship recycling destinations are currently facing various challenges and market conditions. In India, the local market remains unfavorable and negative   Source: Best Oasis Limited The four key ship recycling destinations are currently facing various challenges and market conditions. In India, the local market remains unfavorable and negative   Source: Best Oasis Limited 

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GOLDEN DESTINY WEEKLY REPORT – WEEK 25 

Golden Destiny Market Report Week 25. You will find the following: -Weekly S&P Market Report (Week 25 – Report No 25.24)   Source: Golden Destiny S.A Golden Destiny Market Report Week 25. You will find the following: -Weekly S&P Market Report (Week 25 – Report No 25.24)   Source: Golden Destiny S.A 

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Fearnleys Week 25 2024 

Slowly but surely the July stems come trickling into the VL market. As we cast a cursory glance back at June, it shows a light month with below 140 cargoes.   Source: Fearnleys A.S Slowly but surely the July stems come trickling into the VL market. As we cast a cursory glance back at June, it […]

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Breakwave Tanker Report 6.18.2024 

The VLCC Market Remains under Persistent Downward Pressure Amid Oversupply, Reduced Demand – As we move into the second half of June and the final stretch of the first half of the year   Source: Breakwave Advisors The VLCC Market Remains under Persistent Downward Pressure Amid Oversupply, Reduced Demand – As we move into the second […]

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Banchero Costa Weekly Market Report, Week 24 2024 

2023 has been another positive period for crude oil trade, despite the high oil prices and risks of economic recession.   Source: banchero costa &c s.p.a 2023 has been another positive period for crude oil trade, despite the high oil prices and risks of economic recession.   Source: banchero costa &c s.p.a 

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Weekly Vessel Valuations Report, June 18 2024 

Bulkers: S&P Values for Handysize BCs increase across the board owing to sales such as Sider Eva Maria Ultramax BC Swansea (63,500 DWT, Jul 2015, Yangzhou Dayang) sold to undisclosed buyers for USD 25.00 mil, VV Value USD 24.42 mil Supramax BC Panagia Kanala (56,600 DWT, Jun 2012, COSCO Zhoushan) sold to undisclosed buyers for […]

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Ningbo Containerized Freight Index Report, 15 June 2024 

In the week ending June-15, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange In the week ending June-15, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange 

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Xclusiv Shipbrokers Weekly 17th June 2024 

Based on the June’s IEA market report, the oil market is precariously balanced on a tightrope. On one side, the global oil supply is surging   Source: Xclusiv Shipbrokers Inc. Based on the June’s IEA market report, the oil market is precariously balanced on a tightrope. On one side, the global oil supply is surging   […]

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GMS Week 24 – SHAKEN, NOT STIRRED! 

In light of the jaw-rattling Baja speed runs that the Indian sub-continent ship recycling economies have subjected Ship Owners & Cash Buyers to over recent weeks, they (the jaw-rattling speed runs) have increasingly set the stage for another knuckle-biter of a third quarter, given that – (confusing) budgets were announced in both Bangladesh & even […]

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Star Asia Shipbroking Weekly Market Report – Week 24 

The port of Singapore, already one of the world’s busiest, is facing a prolonged period of congestion due to the Red Sea tensions   Source: Star Asia Shipbroking The port of Singapore, already one of the world’s busiest, is facing a prolonged period of congestion due to the Red Sea tensions   Source: Star Asia Shipbroking 

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GOLDEN DESTINY WEEKLY REPORT – WEEK 24 

Golden Destiny Market Report Week 24. You will find the following: -Weekly S&P Market Report (Week 24 – Report No 24.24)   Source: Golden Destiny S.A Golden Destiny Market Report Week 24. You will find the following: -Weekly S&P Market Report (Week 24 – Report No 24.24)   Source: Golden Destiny S.A 

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Gibson tanker report – The Long View 

Oil demand will peak this decade, that is the call by the International Energy Agency (IEA) who released their Oil 2024 report this week.   Source: GIBSON SHIPBROKERS LTD Oil demand will peak this decade, that is the call by the International Energy Agency (IEA) who released their Oil 2024 report this week.   Source: GIBSON […]

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Affinity Tanker Weekly, 14 June 2024 

VLCCs continue to hover around the bottom with limited activity preventing any signs of a rebound for now. Charterers have worked well to sustain the downward pressure on rates by picking off owners   Source: Affinity Research LLP VLCCs continue to hover around the bottom with limited activity preventing any signs of a rebound for now. […]

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VHBS New ConTex Container Ship Time Charter Assessment Index Week 24 2024 

Without any doubt the ongoing rally continues to last. The New ConTex gained overall another 4,9% in Week-on-Week comparison with all reported segments rising.   Source: Verband Hamburger und Bremer Schiffsmakler e.V Without any doubt the ongoing rally continues to last. The New ConTex gained overall another 4,9% in Week-on-Week comparison with all reported segments rising. […]

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Best Oasis Weekly Recycling Market Report, 14 June 2024 

In the ship recycling sector, different regions are grappling with their unique market conditions. India is currently in a downturn with reduced demand for ship steel scrap   Source: Best Oasis Limited In the ship recycling sector, different regions are grappling with their unique market conditions. India is currently in a downturn with reduced demand for […]

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Fearnleys Week 24 2024 

News filtering across from other desks of a firmer Aframax market & Suezmaxes climbing upwards… But here on the VLCC’s   Source: Fearnleys A.S News filtering across from other desks of a firmer Aframax market & Suezmaxes climbing upwards… But here on the VLCC’s   Source: Fearnleys A.S 

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Xclusiv Shipbrokers Weekly 10th June 2024 

The European Central Bank (ECB) took a bold step on Thursday, becoming the first major central bank among the US, UK, and the eurozone to cut interest rates.   Source: Xclusiv Shipbrokers Inc. The European Central Bank (ECB) took a bold step on Thursday, becoming the first major central bank among the US, UK, and the […]

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Weekly Vessel Valuations Report, June 11 2024 

Bulkers: S&P Values remained mostly stable this week Capesize BC Cape Keystone (179,300 DWT, Dec 2011, Hyundai HI Ulsan) sold to unknown Chinese buyers for USD 32.50 mil, VV Value USD 34.4 mil Supramax BC Protector St George (56,600 DWT, Jun 2011, COSCO Yangzhou) sold to undisclosed buyers for USD 14.00 mil (DD Due), VV […]

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Banchero Costa Weekly Market Report, Week 23 2024 

Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels.   Source: banchero costa &c s.p.a Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels.   Source: banchero costa &c s.p.a 

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Intermodal Weekly Market Report Week 22 2024 Broker’s Insight 

The dry bulk sale and purchase activity has demonstrated remarkable strength this year, achieving the second-largest volume of transactions in the sector’s history   Source: Intermodal The dry bulk sale and purchase activity has demonstrated remarkable strength this year, achieving the second-largest volume of transactions in the sector’s history   Source: Intermodal 

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Breakwave Tanker Report 6.11.2024 

Steady as it goes while curve inverses and sentiment moderates – The past few weeks have been uncharacteristically calm for the otherwise volatile dry bulk market.   Source: Breakwave Advisors     Steady as it goes while curve inverses and sentiment moderates – The past few weeks have been uncharacteristically calm for the otherwise volatile dry […]

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Ningbo Containerized Freight Index Report, 07 June 2024 

In the week ending June-07, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange In the week ending June-07, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange 

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GMS Week 23 – WOLF TRAP! 

An eventful week in the ship recycling industry saw the announcement of the Bangladeshi budget surprisingly deliver negative news for Chattogram’s ship recycling sector, in addition to the conclusion of India’s election cycle that has gripped the country since April 24th and pleasantly welcomed Mr. Narendra Modi being re-elected to govern as India’s Prime Minster […]

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Star Asia Shipbroking Weekly Market Report – Week 22/23 

It was a bustling week in Athens for the biennial event of Posidonia. Conferences all across the week highlight the ongoing   Source: Star Asia Shipbroking It was a bustling week in Athens for the biennial event of Posidonia. Conferences all across the week highlight the ongoing   Source: Star Asia Shipbroking 

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Advanced Shipping & Trading – WEEKLY SHIPPING MARKET REPORT WEEK 23, 2024 

Japanese owners have committed the Capesize “Cape Keystone” 179/2011 Hyundai, Korea (SS 12/2026, DD 01/2025, BWTS fitted) to Chinese interests at USD 32,5 mill.   Source: Advanced Shipping & Trading S.A. Japanese owners have committed the Capesize “Cape Keystone” 179/2011 Hyundai, Korea (SS 12/2026, DD 01/2025, BWTS fitted) to Chinese interests at USD 32,5 mill.   […]

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Fearnleys Week 23 2024 

With Posidonia in full swing, anywhere else feels like a back water. Stories coming back to London of parties and Kylie Minogue the only real highlights in an otherwise drab week for VLCC rates.   Source: Fearnleys A.S With Posidonia in full swing, anywhere else feels like a back water. Stories coming back to London of […]

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Fearnleys Week 22 2024 

A week of consecutive losses, as charterers played a strong game. At the time of writing, TD3 sits a fraction above WS 60 and likely owners will be resigned to the fact we may be exploring the WS 50’s soon.   Source: Fearnleys A.S A week of consecutive losses, as charterers played a strong game. At […]

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Breakwave Tanker Report 5.28.2024 

Dry bulk spot rates move closer to seasonal averages as summer begins – With the strongest first quarter for Capesizes in 14 years behind us   Source: Breakwave Advisors Dry bulk spot rates move closer to seasonal averages as summer begins – With the strongest first quarter for Capesizes in 14 years behind us   Source: […]

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GMS Week 21 – STRANGE SUMMER! 

As the summer / monsoon months creep closer, ship recycling markets in Turkey and the Indian sub-continent have been firming over recent weeks, as Pakistan, though still relatively firm, feels sluggishly satiated of late having taken in a healthy collection of vessels / LDT (for this market’s size) and despite having bested last year’s recycling […]

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Breakwave Tanker Report 5.21.2024 

The VLCC Market Remains Well Supported as Attention Turns to Summer Demand – As the end of May approaches, the VLCC freight market has remained on a slight upward trajectory   Source: Breakwave Advisors The VLCC Market Remains Well Supported as Attention Turns to Summer Demand – As the end of May approaches, the VLCC freight […]

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GMS Week 20 – SILENT STABILITY! 

Following on from last week’s unexpected shock via the intentional depreciation in the value of the Bangladeshi Taka, it has been an altogether quieter week of sales and activity in the country as domestic ship recyclers weigh in on the potential costs & implications of further depreciations, given that the Taka slipped further into BDT […]

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Best Oasis Weekly Recycling Market Report, 17 May 2024 

This week, the ship recycling industry across four major destinations showed varying trends. In India, market conditions remained strong with increasing booking prices and robust steel demand   Source: Best Oasis Limited This week, the ship recycling industry across four major destinations showed varying trends. In India, market conditions remained strong with increasing booking prices and […]

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Breakwave Tanker Report 5.14.2024 

Dry Bulk Spot Rate Volatility Points to Ongoing Positional Imbalances Amidst Solid Volumes – After bottoming in the high-teens, the Capesize Spot Index posted a solid recovery   Source: Breakwave Advisors Dry Bulk Spot Rate Volatility Points to Ongoing Positional Imbalances Amidst Solid Volumes – After bottoming in the high-teens, the Capesize Spot Index posted a […]

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GMS Week 19 – TAKA TöT*? 

Towards the end of the working week, the Bangladeshi Taka took the centerfold as it crashed by about 6.4% against the U.S. Dollar in a couple of days. This jump was certainly expected, in that, a measured BDT 7 devaluing of the Taka against the U.S. Dollar was previously agreed to in the ‘terms and […]

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Best Oasis Weekly Recycling Market Report, 03 May 2024 

India’s ship recycling market is improving, driven by robust local demand anticipated to maintain favorable conditions this month. Bangladesh’s market is stable but slightly declining.   Source: Best Oasis Limited India’s ship recycling market is improving, driven by robust local demand anticipated to maintain favorable conditions this month. Bangladesh’s market is stable but slightly declining.   […]

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GMS Week 18 – DEAD ALIVE!!! 

Activity across the Indian sub-continent ship recycling markets has been climbing on the back of recently witnessed agitations in the trading lanes, which continue to ramp up with each passing week as a growing number of Ship Owners are biting the recycling bullet & selling their overaged but still trading vessels. Containers have been the […]

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GMS Week 17 – CROP OF CORROSION! 

On the back of freight markets that are finally facing their first set of 2024 jitters, the industry is gradually witnessing an increasing number of units being proposed for a recycling sale, all of which are being confirmed via the sudden influx of tonnage at the Indian and Bangladeshi waterfronts this week, just as the […]

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VHBS New ConTex Container Ship Time Charter Assessment Index Week 17 2024 

The container chartering markets remain active and the majority of size segments is registering a solid demand from the operators.   Source: Verband Hamburger und Bremer Schiffsmakler e.V The container chartering markets remain active and the majority of size segments is registering a solid demand from the operators.   Source: Verband Hamburger und Bremer Schiffsmakler e.V 

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GMS Week 16 – VERSIONS OF VOLATILITY! 

This week, various holidays concluded across the globe just as Indian sub-continent ship recycling markets started to perk up amidst fundamentals that have independently enjoyed varying degrees of volatility and resurgence over recent weeks. In fact, steel plate prices in Bangladesh & Pakistan remained flatlined at respectively firm levels – the effects of which has […]

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Breakwave Tanker Report 3.26.2024 

Spot volatility increases but follow-through fails on muted fundamentals – The third week of March dealt a harsh blow to VLCC owners, as their   Source: Breakwave Advisors Spot volatility increases but follow-through fails on muted fundamentals – The third week of March dealt a harsh blow to VLCC owners, as their   Source: Breakwave Advisors 

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Golden Destiny Monthly Market Report, Monthly Newbuilding Market Report JANUARY 2023 

Golden Destiny Monthly Market Report – JANUARY 2023 Secondhand Market Demolition Market Special Feature: Dry Period Market Freight Market Performance -Dry / Wet Market Monthly Newbuilding Market Report  ( Ordering activity per vessel type for greek and foreign shipping players / Newbuilding Trends): Source: Golden Destiny S.A Golden Destiny Monthly Market Report – JANUARY 2023 Secondhand Market Demolition Market Special Feature: Dry Period Market Freight Market Performance -Dry / […]

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Golden Destiny Monthly Market Report, Monthly Newbuilding Market Report DECEMBER 2022 

Golden Destiny Monthly Market Report – DECEMBER 2022 Secondhand Market Demolition Market Special Feature: Dry Period Market Freight Market Performance -Dry / Wet Market Monthly Newbuilding Market Report  ( Ordering activity per vessel type for greek and foreign shipping players / Newbuilding Trends): Source: Golden Destiny S.A Golden Destiny Monthly Market Report – DECEMBER 2022 Secondhand Market Demolition Market Special Feature: Dry Period Market Freight Market Performance -Dry / […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 17 February 2020 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 13 February 2020 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 03 February 2020 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 27 January 2020 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 20 January 2020 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 02 January 2020 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 19 December 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 12 December 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 06 December 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 25 November 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 21 November 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 14 November 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 07 November 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 04 November 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 31 October 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 29 October 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 24 October 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 10 October 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 03 October 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]

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Cheapest Bunker Port Matrix: Tankers & Dry Bulk – 26 September 2019 

Matrix for the cheapest bunker ports for the most common voyages. Results are calculated using the BunkerEx planning tool and considers deviation time, vessel hire rate, consumption, calling costs, barging, taxes, bunker prices and pumping times. Cheapest Bunker Port Matrix: Tankers Cheapest Bunker Port Matrix: Dry Bulk Source: BunkerEx Limited Matrix for the cheapest bunker ports […]