Fearnleys Weekly

Tankers

Despite relatively healthy volumes for both Meg and Wafr/East for April, it has not been sufficient to aid the struggling rate levels for VLCC’s. To the contrary, they have even softened a tad. Earnings around $5-7k/d...

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Dry bulk

It has been a slow week in both hemispheres with freight rates at roughly same levels compared to last week. Nevertheless, mid-week we saw a softer mood with owners asking less money for their vessels on prompt dates....

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Gas

The West market still suffering from a lack of activity and only a couple ships fixed out this week. There is a large overhang of ships in the US Gulf and we will need to see extreme amount of activity to see anything...

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Newbuilding

Moderate newbuilding activity this week. Continued interest for VLCCs from investors as Guggenheim Capital booked two firm VLCCs at DSME. In the bulker segment Tianyuan Logistics firmed up ten 120,000 dwt vessels at t...

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Updated