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 »
An FFA is a financial forward agreement that allows ship owners, charterers and others to hedge against the volatility of freight rates and gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are a risk manage…
FFAs: Finding patterns in the numbers Read More »
The main bunker fuel for ships is High Sulphur Fuel Oil (HSFO, with sulphur up to 3.5% m/m (mass by mass)). This will all change on 1 January 2020 when the IMO’s regulation to reduce the limit for sulphur content in fuel oil used in ships to 0.5% m/m c…
Capesize For most of the week the rates were nudging up under a flurry of activity in the Pacific as levels for the West Australia to China C5 route were being fixed in the upper eight-dollar level for usual 170,000dwt vessel, 10% cargo. FMG fixed a Ne…
Dry Bulk Market: Capesize Market in Mixed Mode Read More »