In 2018 so far, some 17 VLCCs have been ordered, which has expanded the orderbook by 17.0% in terms of vessel numbers, according to Alibra data. Of these ships, all but two are to be built at South Korean yards. One has been ordered in China and anothe…
VLCCs, Place your bets! Read More »
Six months ago we described the shipping markets as experiencing “improvements filtering through after hitting rock bottom in 2016”. This trend has continued with the ClarkSea Index averaging $10,767/day in 2017, up 14% y-o-y, but still 8% below trend …
Shipping Market Overview: Spring 2018 Read More »
The shipping of soya beans from the US to China is one of the most significant ‘one commodity’ cargoes that may become affected by the trade war between the US and China. Soya bean trade lanes will be affected if the Chinese buyers shy away their tradi…
Soya Bean Trade Lanes May Change Due To The Ongoing Trade War Read More »
After a fast start, DNV GL continues to pick up the pace in the digital transformation of its classification services. “We started looking into machine learning as a tool for modernizing classification in 2016,” says Morten Østby, Senior Principal Cons…
The path to digital classification Read More »
Every market would suffer if the US and China descend into a trade war, but the already weakened LPG sector will suffer more than most, prolonging the wait for a recovery. The battle over tariffs between the US and China is looking more like turning in…
LPG Shipping: China mulls trade war on propane Read More »