A further slowing of global dry bulk trade growth momentum unfolded last year. Estimates suggest that in 2019 as a whole growth was weak, below the previous year’s increase. Signs point to a similar outcome – a weak increase – in 2020. Alth…
Dry bulk trade in 2020: continuing sluggish growth? Read More »
Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric tonne (MT) and dropped USD 99 to USD 641 per MT on 22 January. The price has also fallen in other ports …
Low-sulphur fuel oil prices drop USD 99 per MT in Singapore Read More »
Climate change requires urgent action in all sectors of the economy – including maritime shipping, which carries close to 80% of global trade and accounts for 2-3% of global greenhouse gas emissions (GHG) annually. This is comparable with the emi…
How decarbonizing shipping could unlock a global energy transition Read More »
Brazilian crude oil exports hit a record high in December 2019 with a total 8.7 million tonnes of crude oil exported, as China continues to turn to Brazil for crude. Annual export volumes grew by 5% compared to 2018. The December picture matches the ov…
China’s Thirst For Crude Oil Pushes Brazil’s December Exports To All-Time High Read More »
Ship owners have shown an appetite for newbuildings in the energy segment, with tankers, LPGs and LNGs taking center-stage. By contrast, demand for dry bulk carriers has taken a back seat since the start of 2020, with market sentiment particularly weak…
Newbuilding Orders Focus on LNG, LPG and Tanker Markets Read More »