The recent cut in oil production by OPEC and its non-OPEC allies (OPEC+) is insufficient to balance the oil market, considering a sharp decline of 23 mbpd in demand in 2Q20 because of the COVID-19 outbreak. OPEC+ has finally managed to reach a historic…
Tanker rates will hit the roof if producers outside OPEC+ fail to curb output in 2Q20 Read More »
INTERCARGO’s 2018–2019 Benchmarking Report is published during a time of much uncertainty in the dry bulk market. The Baltic Dry Index had reached a high above 1,770 points in August 2018, before retreating down to 600 points in February 2019. It then …
What a difference a quarter makes. The International Monetary Fund last released its bellwether World Economic Outlook (WEO) in January. Back then it anticipated global growth would reach 3.3 percent this year. There was even consternation at the time …
Careering towards a crippling recession Read More »
Container shipping: Container shipping stock prices have been in full retreat with early March witnessing a market storm as stock markets around the world sold off and investors struggled to calculate the economic fallout from the coronavirus (COVID-19…
Drewry Maritime Financial Insight: Shipping Facing the Pandemic Crisis Effect Read More »
Daikin supports efforts of the global shipping industry to promote sustainability, improve energy efficiency and tackle climate change. As 2020 gets underway, ocean carriers and shippers are starting to absorb the real-world impact of the International…
Shipping’s sustainable future will be fuelled by R&D, innovation and collaboration Read More »