Home Associations The Trumpet: Disruptions around Yemen may add over 6, 000 nautical miles to shipping routes

The Trumpet: Disruptions around Yemen may add over 6, 000 nautical miles to shipping routes

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The Trumpet 24092014

Wednesday 15 April 2015
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Message us directly! Live Chat is available on all VV pages. Read more about this new service here Seasure Shipbroker Tom Evans, pictured middle, after the Paris Roubaix
With increasing concern for vessels travelling through Bab el Mandeb, oil coming from the Middle East being delivered to Europe could be diverted away from the Suez canal.The VV@ Port Distance Calculator (pictured above) shows the number of days and nautical miles it would take to do a round trip from Ras Tanura to Rotterdam and back to Ras Tanura if the Suez Canal was shut on the return leg.

Register for a personal demonstration of VV@ AIS tracking module, including our Port Distance Calculator and Zone Alerts.

VV in the Press: TradeWindsVesslesValue.com’s Valuation Analyst Toby Mumford was quoted in last week’s TradeWinds article Capesize S&P deals crash as spot rates reach record lows.

Download our latest Red Report: Here be dragons

The dry markets are currently in the doldrums plagued by the usual malaise of oversupply, herding and not enough demand. The practice of drawing dragons on ancient maps was the equivalent to saying, “we have no idea about this region”, the Capesize markets are at historical lows…Read More

Seasure’s Demolition Report

Seasure Shipbroking’s weekly demolition report looks at individual ships scrapped, LDT/$ fluctuations and demolition trends within the bulker, tanker and container industries.

Click here to register for the full report, which comes out every Wednesday.

Job of the Week

See Spinnaker’s Job of the Week: Chartering Manager | New York

Our client, an international corporation with a global presence, is looking for a Chartering Manager to join their office in New York and provide them with global coverage.

Firm Tanker & Container prices, falling CapesIn the Bulker market the cape values have fallen off this week following the sale of the Chitose 171, 200 DWT ’00 blt Koyo Dock and the Onoe 172, 600 ’00 blt NKK en bloc for USD 9.25 million each. Older handy values have seen an uplift following a few sales of older tonnage, the Kotsikas 27, 400 ’96 blt Hanjin HI for USD 3.9 million and the Oriente Sky 24, 100 DWT ’97 blt Saiki sold for USD 4.7 million.

In the tanker market values have remained steady. There has been an uplift in older Aframax values following the sale of the Atlantik 105, 300DWT ’98 blt Halla for USD 12.5 million.

On the whole container values continue to firm as a result of improving rates with the exception of the older handy values following the en bloc sale of the Canberra Express and Wellington Express 2, 078 TEU ‘00/’01 blt Stocznia Gdansk sold for USD 5.6 million each.

Across the board demolition levels continue to firm resulting in an uplift for values.

Read our previous weekly round ups here

Your Weekly Seasure S&P Report

Register for the Seasure Blue Report to see the total sales for last week, comparing the VesselsValue.com online valuation to the sale price. 2014 ytd S&P trends are also included.

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