Cobalt, lithium, manganese and graphite: not dry bulk cargoes known for their movement in large volumes today, but their future looks very promising, according to a report from UNCTAD. As demand for batteries for electric cars takes off, driven by clim…
Battery boost drives commodity demand Read More »
Uncertainties surrounding the coronavirus outbreak, the trade war and volatility in oil prices are governing business decisions being made in 2020. Shipyard demand will likely encounter a further blow given the vast disruptions to economic growth and t…
Capesizes Looking Best For Short Term Gains But Feedermaxes Are In It For The Long Haul Read More »
EBITDA forecast worsens, keeping outlook negative. We now expect the aggregate EBITDA of rated shipping companies to fall by around 16%-18% in 2020, widening from our previous projection of a drop of around 6%-10%. We expect the global economy to shrin…
Moody’s: Global shipping earnings forecast cut as supply set to outstrip demand Read More »
This year so far has been full of events which have affected many global markets, including the bunker market. While the spread of Covid-19 reduced crude oil demand, the production cuts changed not only the supply of crude oil but also its composition….
Fuel oil tightness means shipowners pay more for bunkers in ARA Read More »
To decarbonise maritime transport, the Environment Committee voted on Tuesday to include CO2 emissions from the maritime sector in the EU Emissions Trading System (ETS). The Commission has put forward a proposal to revise the EU system for monitoring, …