14 July 2017: “Spot rates stronger going into third quarter, but Poten warns on new vessel deliveries.”
“‘Minimal to no growth in the fixture activity and more available vessels for spot employment imply a long shipping market, but there are signs that it is tightening,’ Poten says.”
“‘[H]eadline spot charter rates have bounced back from the low levels in April this year and utilization has increased with better terms in the form of ballast bonus and repositioning fees,’ Poten says.”
“But the brokerage also warns that ‘the orderbook remains a challenge with a further 20 vessels to join the fleet this year. To absorb those ships, global volumes will need to increase 15 million tonnes per annum'”.
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