Fearnleys Weekly

Tankers

A disappointing week for the VLCC owners. Activity in general measured at best and momentum slow. Tonnage has built up both for Meg and West Africa which has placed the charterers firmly in the driving seat. The resul...

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Dry bulk

Atl showing clear signs of weakening. Although some fresh cgos into the market it was not enough to avoid rates to drop. Ecsa/Cont rates dropped abt 1 USD pmt this week from low 8 to low 7 for typical 70/10 stems. Gra...

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Gas

The VLGC spot market has continued its slow pace this week, with little activity to report. In the East, one fixture has been concluded at levels in the mid/low 20s, and one Indian cargo has been quoted attracting int...

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Newbuilding

A quiet week clearly influenced by an expected seasonal slowdown. No orders to report in either Korea or China. NYK placed an order for 5X 14,000 TEU container carriers at compatriot shipyard JMU. Prices are still sli...

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Updated