LNG shipping rates have surged to $130,000pd currently from around $80,000pd at the end of September due to tight vessel supply and seasonal firmness in demand. Furthermore, the upward momentum in rates is expected to be maintained in 4Q19 due to a red…
LNG shipping rates soar as sanctions hit vessel availability Read More »
Container shipping Despite the unpredictability amid the escalating trade war between the US and China, container carriers performed better in 2Q19 than in 2Q18. Nonetheless, clouds of uncertainty have been hovering around the industry as spot rates co…
Drewry: Maritime Financial Insight Read More »
Delivered tonnage of crude oil tankers have grown by +37%, whereas total fleet demolitions for 2019 have slumped to the lowest in a decade with a reduction of 52% from the year before. Newbuilding orders have remained low through the year with contract…
Tanker Deliveries Are Soaring As Demolitions Hit Decade-Lows Read More »
The Aframax sector has come out on top as having the largest percentage rise in ton miles over fleet growth in the past 3 months. Aframax charter rates have more than quadrupled in the same time frame, starting July at approximately 9k USD and starting…
Aframax: Demand & Supply Trends Read More »
On 1 January 2020, the IMO’s global sulphur cap will come into force, and ships will need to burn compliant low sulphur fuel oil (LSFO), unless they are equipped to use LNG or have fitted an exhaust gas cleaning system (also known as a scrubber). This …