Smooth summer sailing for dry bulk but “stormy clouds” are likely gathering in the horizon

NEW BUILDING: In tankers, the Yards long term existing customer clients of Samos Steamship have ordered two firm 115k dwt Aframax

NEW BUILDING: In the tanker market, Hyundai Mipo announced taking order for two firm 50k dwt MR’s from an unknown owner, with delivery

Volatility rampant but which way market balance points to?

In the tanker market, it was reported that an unknown owner ordered two firm 50k dwt MR tankers at STX, with both vessels to be delivered in 4Q

In dry bulk this week, Aston Enterprise are reported to have ordered two firm 82k dwt Kamsarmax at Chengxi Shipyard

Softening Capesize rates eat away futures’ premiums as market confidence is shaken

In tankers, STX Jinhae have announced a plethora of deals this week. The yard has signed six firm 50k dwt MR’s with an unknown owner

In tankers, it is reported that Euronav have continued their fleet renewal by ordering one additional 300k VLCC at Hyundai Samho

Capesize spot rates rip but fail to impress a demanding futures market – During a span of seven days

In the tanker market this week, CBD Leasing announced ordering ten firm 50k dwt IMO II MRs at New Times

In Tankers, Hyundai Mipo have announced an order for four firm 50k dwt MRs from an unknown owner

Spreads gone wild: Capesize premiums explode as optimism remains abound

In the tanker market, it’s been reported that Euronav have ordered three firm 158k Suezmaxes at Hyundai Samho

In the tanker market, Lundqvist Rederierna ordered an additional 112k dwt Aframax at Sumitomo HI, for delivery in August 2022