Golden Destiny Market Report Week 12. You will find the following: – Weekly S&P Market Report (Week 12 Report No: 12.24)

A very sluggish start to the MEG April program has seen a tonnage buildup, with vessels sailing free of cargo in the East. Coupled with a number of relets, and the scene is set for a rate drop.

Reports from the Red Sea indicate no progress towards de-escalation. Houthi rebels continue targeting ships with drone missiles and recently claimed to possess a new hypersonic missile.

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

In light of Denmark’s contemplation of a ban on scrubber washwater discharge, an assessment of the global stance on exhaust gas cleaning systems is paramount for stakeholders in the shipping industry.

Carriers Sales & Purchase Market Report, Week 12

The Black Sea and Adriatic markets remain the most depressed in the small-tonnage segment

This week, the focus was once again on the FED with the core inflation data that was released on Tuesday. US inflation remained persistently high in February

SSY PACIFIC CAPESIZE INDEX 18 MARCH 2024

SSY ATLANTIC CAPESIZE INDEX 18 MARCH 2024

Even if MEG has had sessions where it’s felt quieter prior to April dates landing, activity elsewhere has been consistent; 10+ USG deals this week have made a dent in West tonnage

Refining margins across the world surged to record levels in 2022, following Russia’s invasion of Ukraine. Although margins have declined since then, they have generally remained healthy

Nicholas G Moundreas Shipping have committed their Capesize “Epic” 180/2010 Daehan, Korea (SS/DD 12/2025, BWTS & Scrubber fitted) to Chinese interests at USD 32,5 mill.

Golden Destiny Market Report Week 11. You will find the following: – Weekly S&P Market Report (Week 11 Report No: 11.24)

MEG March stem volume will close out this week at around 145 total cargoes. Likely a very brief lull before the April cargoes start working