In its latest monthly report, OPEC painted a pretty picture on the course of the tanker shipping market. It said that Average dirty spot freight rates in the tanker market increased in August from the previous month by 7%. The average increase was driv…
Tanker Market: Freight Rates on the Up During August Read More »
In recent months, there have been numerous reports of a strong pick-up in demand for scrubbers. On 1 January 2020, however, the number of ships fitted with scrubbers will represent only a tiny percentage of the world fleet, according to forecasts. Ther…
Small percentage of the world fleet will fit scrubbers – forecasts Read More »
The problem started with fuel supplied in the US Gulf region, particularly in the Houston area, but the problems quickly spread to Panama. More recently, similar problems have been encountered with fuel supplies out of Singapore.[1] So although the pro…
Contaminated bunkers – “The Houston Problem” Read More »
While it’s a bit difficult to expect this trend persisting, it’s becoming clear that the trade war between the US and China hasn’t dented the dry bulk market’s upwards momentum, thanks, in part to a boom in soybeans trade involv…
Dry Bulk Market is – So Far – Unaffected by the US-China Trade Battles Read More »
On 15th September 2008, the collapse of Lehman Brothers crystallised the financial crisis and the onset the worst economic downturn for a century. To a shipping industry used to extreme cycles but transitioning to recession with rapid trade collapse an…
10 Years On From Lehman, How Is Shipping’s “Hangover”? Read More »