Shoei Kisen have sold their Newcastlemax “HL Imabari” 206/2008 Imabari, Japan (SS/DD 10/2023, BWTS fitted) to Chinese buyers for USD 21,4 mill.

More of the same it seems (at least for now), as the Atlantic continues to hold, with USD 8.375m USG/Ningbo (with a TA option at USD 3.375m) paid.

As of the latest update, the Panama Canal continues to grapple with the effects of a historic drought, impacting shipping markets in the region.

2023 so far has been another positive period for crude oil trade, despite the high oil prices and risks of economic recession.

As worries about China’s worsening property crisis and its effects on the economy grow, the real estate giant

Newbuilding market — Despite the typical sluggish momentum around this time of the year, newbuilding market

The SSY Pacific Capesize Index rose 261 points from the previous week to 5,091 points. SSY’s assessed Australia China

The SSY Atlantic Capesize Index went up 61 points week-on-week to 8,132. However, the fronthaul and roundvoyage rates

The Supramax/Ultramax shipping market continues to recover all across the Atlantic in the second half of August. Market is getting

China’s Recovery Loses More Steam this week with disappointing data out causing grave concerns. In a move, China’s central

Perhaps VLCC owners will end the week feeling a little more positive having endured recent meagre volume and a downward trend on fixing levels

For product tankers, much of the past decade’s investment was focused on changing dynamics in the global refining scene.

Agora Shipbroking Corporation: Snapshot of Commercial Indicators Report – Week 33 2023

All in all, a quietish week, exacerbated by a few public holidays around the world and many major players away from their desks.

China, the world’s second-largest economy suffered a sharp decline in exports and imports in July in terms of value, adding to a prolonged trade slump.