BIMCO expects freight rates will once again come under pressure after the end of the high seasonal demand in Q4, as well as the boost from the sulphur cap. The fleet growth of 6.3% in the crude oil tanker market and the 4.8% growth in the oil product f…
Capesize After a week of value being eroded on the Capesize market, Friday brought improved sentiment across most of the routes. The 5TC average opened the week at $20,970 and closed out Friday up $580 to settle at $18,930, illustrating clearly the det…
Dry Bulk: Capesize Market Ends Week With Slight Improvement Read More »
Chinese steel production dropped by one million (1m) tonnes, a decline of 1.2%, compared to October last year. China produced 81m tonnes of crude steel in October 2019. This is the first decline in steel production year-on-year (y-o-y) since December 2…
Chinese steel production declines for the first time in 21 months (year-on-year) Read More »
Chinese steel production dropped by one million (1m) tonnes, a decline of 1.2%, compared to October last year. China produced 81m tonnes of crude steel in October 2019. This is the first decline in steel production year-on-year since December 2017. The…
The recently concluded deal between China’s Wanhua Chemicals and Qatar Petroleum for LPG supply indicates the continued push by China to diversify away from US LPG in light of the US-China trade tensions. China’s LPG demand is projected to increase at …
China continues to diversify away from US LPG Read More »