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 »
With the enforcement date of the IMO 2020 low-sulphur regulation now only 6 weeks away, shippers and forwarders are starting to get their cheque-books out to help ocean carriers cover the additional cost of the cleaner, low-sulphur fuel. On 4 December …
The time for higher BAF charges has come Read More »