Brazil is known as one the main suppliers of iron ore to China. However, a series of developments have led to the Latin American country fast becoming a major exporter of crude oil towards the world’s second largest economy, a trend not expected to sto…
From Brazil to China: Not Just Iron Ore but Crude Oil as Well Read More »
On January 1, 2020, the International Maritime Organization’s (IMO’s) bunker fuel regulations come into effect. The sulfur content limits in bunker fuels used outside the designated Emission Control Areas (ECAs) will be reduced to 0.5% (from 3.5%) to r…
What Is The IMO 2020 Effect On The Fuel Bunker Mix Short- And Long Term? Read More »
Capesize The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest of the week, ending at $4881. Iron ore cargo trades from West Australia to China dominated early week busines…
Dry Bulk Rates Still Low, But Things Are Improving Read More »
In its latest weekly report, shipbroker Intermodal said that “subsequently to the drop of rates in the third decade of March – last week continued pretty much with the same sentiment, with nothing fresh apart from a few sparks that did not materi…
Tanker Market: Where to Next After Brexit and Venezuela Sanctions? Read More »
New Year’s Day 2020 is firmly marked in the calendar as the refining and shipping industries prepare for change. The International Maritime Organisation (IMO)’s rules, in force from 1 January 2020, will see the current maximum fuel oil sulphur limit of…
IMO 2020: Ready or not? Read More »