Per shipping broker Seasure
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Fairly active bulker market this week - at least 18 vessels involved.
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More subdued container & tanker activity
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Improving bulker fixture rates this week
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Tanker rates still elevated
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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
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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.