Shipping broker report 03/24/23

Per shipping broker Seasure

  • Fairly active bulker market this week - at least 18 vessels involved.

  • More subdued container & tanker activity

  • Improving bulker fixture rates this week

  • Tanker rates still elevated

  • Quiet new building activity
    Seasure Market Report 24 March 2023 | Hellenic Shipping News Worldwide

  • Previously, GOGL had been selling older vessels in the Panamax category (Panamax, Kamsarmax). This week, two Cape vessels. Good Feng Shui? Will have to wait and see

  • TRMD acquired 3 MR vessels. On paper, they appear expensive acquisitions. However,
    i. TRMD are paying half the cost with shares
    ii. MRs are generating > 2 times their average time charter rate, so current margins are really nice.

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