In an attempt to find some positive news in the market, it seems that Brazil can offer some respite. In a recent note, shipbroker Banchero Costa said that “Brazil soybean exports have been surging this year, thanks to a combination of strong demand fro…
Brazil soybean exports A Silver Lining in the Market Read More »
Freight rates for oil product tankers have returned to more ‘normal’ levels following a spike in late April when rates across all ship sizes reached record highs. LR2 earnings peaked at USD 169,829 on 27 April on the benchmark naptha condensate trade f…
Daily LR2 product tanker earnings fall by USD 100,000 in 12 days Read More »
The “prevention principle” has been a popular argument run by shipyards in English law shipbuilding disputes in recent years. This enthusiasm has not been shared by English Courts and tribunals, and prevention principle arguments rarely, if ever, succe…
Newbuilding contracting activity is expected to retreat heavily in 2020, as a result of a curb in investment by ship owners. This trend was briefly interrupted over the course of the past fortnight, only to be resumed during the previous days. In its l…
Sluggish Newbuilding Trend Resumes, as Market Headed For Downturn Read More »
Shipping is a seasonal business. Commodity producers and commodity consumers are subject to weather patterns that affect the flow of goods, both from a supply as well as a demand perspective. For dry bulk, seasonality is mainly focused on weather-relat…
Seasonality in Dry Bulk Shipping – An Exploitable Inefficiency Read More »