Competition continues to decrease financing margins for shipowners Banks and Debt Funds are cooling their appetites on Dry and Tanker transactions due to asset values unjustified by current earnings Container financing has stabilised due to renewed fin…
Tankers at the Top and Offshore on the Up Read More »
Long-term ocean freight rates slid once again in August, marking the 12th consecutive month of declines for beleaguered carriers. According to the latest real-time data from the Xeneta Shipping Index (XSI®), contracted rates fell 7.8% in August, meanin…
High prices and low rates haven’t been able to deter owners from booking more newbuilding orders. In its latest weekly report, shipbroker Allied said that “the market remains in a similar state to that seen over recent weeks, with a shift in contractin…
High Newbuilding Prices Not a Deterrent Factor for Shipowners Read More »
Global liquefied natural gas (LNG) import capacity is set to expand by 16%, or 23 billion cubic feet per day (Bcf/d), by the end of 2024 compared with 2022. Our estimate is based on trade press and data by the International Group of Liquefied Natural G…
Three countries began importing liquefied natural gas this year, and more will follow Read More »
Northwest Europe HSFO availability in Rotterdam and in the wider ARA hub has improved, sources say. However, securing the grade for very prompt delivery dates (0-2 days) remains difficult. Lead times of 5-6 days are recommended for the grade, slightly …
Europe & Africa Fuel Availability Outlook 30 Aug 2023 Read More »