Shipping broker report ending 09/08/23

Advanced Shipping & Trading seem to be back on a weekly schedule.

  • Fair amount of activity this week in the bulker sector with 18 transactions.
  • Pricing reasonable, but with positives for some of the Ultramax and Supramax transactions
  • Three VLCC sales reported. Front Signe is one of two VLCCs in Frontline’s fleet with no scrubber. Athenian Freedom is a better return for a slightly newer vessel
  • Good deal for the MR vessel - ice-class probably helped.
  • Some newbuild ordering - nice deal for VLCC buyer. In particular, the dual fuel option


Capesize market was more upbeat this week.