Market Chat: Week 13
Using VesselsValue data, Rebecca Galanopoulos Jones, Senior Content Analyst, explores the future trends in the Tanker market, as well as the latest trends in the Container market. You can read the full piece here.Â
ViaMar Forecast Summary
“While Russian exports for both crude oil and products will decline, sourcing supplies to Europe from other suppliers such as MEG, US and Latin America, should increase tonne mile demand and support Tanker rates going forward. Tanker vessel ordering activity has been low for the past two years, which with expectations of a slight increase in scrapping activity serves well for the overall market balance, as the orderbook remains low at <5%…”  Read more.
Container Values Stabilise
“Having fallen steadily for almost a year, following a record breaking peak in April 2022, Container values appear to have found a floor and are now beginning to stabilise. Values for 5YO Panamax Container ships of 4,250 TEU have seen a small increase of c. 1% since the start of March to USD 39.68 mil…” Â Read more.
