Friday the 13th - avoid vessels named Jason or Freddy, or named after black cats.
Our normal broker has let me down, so I am going with Golden Destiny this week. Slightly different format leading with a transactions summary table.
- 19 bulker sales this week
- Boston is an older transaction (DSX → OP)
- Golden Suek (I believe a GOGL vessel)
- Overall, somewhat newer bulker vintage selling
- 5 tanker transactions, 4 involving MR2s
- Active newbuild market, with 22 orders placed.
Maybe Advanced Shipping & Trading were being cautious about Friday the 13th, and opted for a next day release.
Interestingly, the broker has slightly different data. Fewer bulker transactions, but a lot more tanker transactions.
- One correction from the prior post - the DSX-OP transaction I was thinking about involved Salt Lake City. The seller (DSX) has not changed. But whether Boston also involves OP as buyer, I don’t know.
- There’s 9 additional bulker vessel trades that overlap.
- Tankers is where it gets more interesting. Golden Destiny reported 5 vessels, Advanced Shipping reports 13 vessels (3 LR1s, 7 MR2, 2 MR1, 1 chemical tanker)
- Fewer newbuild deals than Golden Destiny’s report
The report just provides the Tanker Index figures (BDTI & BCTI). But drilling deeper, it is the Suezmax and Aframax rates that have jumped. Overall, VLCC has moved less (My guess is last week’s Chinese holidays might be a factor, and VLCC rates could pick up eventually). Also, slightly surprised the BCTI is down. I thought I saw higher MR2 rates (don’t quote me )