Container shipping: Well-coordinated capacity management ensured that all major container carriers, with the exception of Yang Ming, were profitable during the second quarter despite weak volume growth. Yet, a disconnect between shipping rates and stoc…
Drewry Maritime Financial Insight – October 2020 Read More »
Oil demand will be marred with uncertainty for years to come, as the world gradually moves away from fossil fuels. The rate of the shift and its difference from country to country and even region to region, will constantly alter demand for tankers, in …
Uncertainty Will Dominate Demand for Tankers Moving Forward Read More »
The Intersessional Working Group on reduction of greenhouse gas (GHG) from shipping had its first online meeting this week to advance the work on short term measures in support of the International Maritime Organization’s (IMO) initial strategy on redu…
Capesize The tide turned positive on the Capesize market this week bringing with it a sense relief and optimism. It both stemmed the mounting losses of late and gave some hope for a year-end rally. Dropping to a recent low of $17,121, the market lifted…
Dry Bulk Market: Capesizes Manage to Halt Recent Falls and Return to Positive Ground Read More »
Tanker owners should be wary of China’s recent formal announcement, pledging its carbon neutrality goals, as they are bound to have an adverse effect on the country’s crude oil imports moving forward. In its latest weekly report, shipbroker Gibson said…
Tanker Market Should Take Note of China’s Climate Pledges Read More »