The global LNG bunker vessel fleet may need to more than double by 2030 as demand from LNG-fuelled ships grows faster than the infrastructure required to supply them, according to a new DNV white paper. The report estimates that between 165 and 208 bun…
The defining feature of the current asset market is not limited to five-year-old tonnage trading above newbuilding prices. Repricing spans the entire age curve and intensifies with vessel age. VLCC values are up 30% year-over-year at five years, 42% at…
Vintage Tonnage Captures the Freight Premium Read More »
VLCC fundamentals have softened from the tighter conditions seen earlier this year. Active VLCC tonne mile demand declined in August, while the ballast fleet increased as more vessels completed laden employment. Yet freight has not responded uniformly …
Geopolitical risk disconnects VLCC freight from demand Read More »
Capesize The market enjoyed a notably bullish week, recovering strongly after the UK holiday-shortened start and building momentum across both basins. Early weakness in the Pacific quickly proved short-lived as sustained miner participation tightened a…
Dry Bulk Market: Capesizes Showing More Strength Read More »
The IMO’s 22nd Intersessional Working Group on GHG emissions has concluded with significant majority of member states (two thirds of those who took the floor) supporting a centralised system for collecting revenues, operationalized through a GHG price …