To round this week up would be to say that VLCC owners have made steady gains despite charterers best efforts to dampen owners’ positivity.

Despite operating under long running sanctions, Iranian crude exports continue to flow. The large shadow tanker fleet as well as the network of traders and financial intermediaries

Greek owners have committed their Capesize “Corinthian Phoenix” 179/2009 Hyundai, Korea (SS/DD 09/2024, BWTS fitted) to clients of Hayfin Capital Management at USD 29 mill.

This week marks the twilight zone between the May and June stems in the MEG. A few cargoes have reached out so far, but generally the cargo list is quiet.

The European carbon market has witnessed significant volatility in recent months, with EUA prices gaining

Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels.

Carriers Sales & Purchase Market Report, Week 19 & 20

The South Atlantic Supramax/Ultramax and Handysize shipping markets have softened somewhat, especially on transatlantic routes (tonnage list clearly exceeds demand in this segment).

SSY PACIFIC CAPESIZE INDEX 13 MAY 2024

SSY ATLANTIC CAPESIZE INDEX 13 MAY 2024

Golden Destiny Market Report Week 19. You will find the following: -Weekly S&P Market Report (Week 19 – Report No 19.24)

This week, China’s April export figures surpassed expectations, with a 1.5% increase in dollar terms compared to the previous year

VLCC asset prices appear to be caught in a paradoxical market scenario. While conventional market sentiment and pricing models would suggest that prices are reaching overheated levels

We close out what owners would deem a very positive week with the VLCC sector on firm footing. The shorter work week provided plenty of action, even if most of it was under the radar

A strong week for the market despite no Monday for many. Rates for TD3 climbed up through WS 60’s and this despite most deals done off market and rates kept behind lock and key.