The practice of charterers using oil tankers for floating storage is certainly not a new concept. What’s different with the current demand for storage is the huge number of ships being time chartered for floating storage purposes due to the collapse in…
BIMCO Floating Storage Clause For Tankers: What To Cover Read More »
A new authoritative market report by a team of academic experts and business leaders commissioned by OrbitMI has found that sharing in shipping can unlock $237 billion by 2027. The report is especially pertinent as the Covid-19 crisis, has highlighted …
Sharing in Shipping To Unlock $237 billion Read More »
The outbreak of the coronavirus has disrupted container supply chains around the world and depressed the demand for vessels and boxes. It will lead to a contraction in the shipping container fleet and keep prices and lease rates under pressure in 2020,…
COVID-19 to cut shipping container fleet and slow pricing recovery Read More »
Capesize The tide turned this week for the Capesize market, as voyage rates registered dramatically falling fuel costs. This was led primarily by weakness in the energy market, as the global supply of oil continues to mount. US suppliers are finding st…
Dry Bulk Market: Capesizes See Strong Demand in the Brazil to China Routes Read More »
China’s demand for soybean is forecast to grow in 2020 by 7.8% y-o-y, signalling a positive outlook for the dry commodity as well as for the bulk carriers that transport it. In the midst of a universal turmoil with the coronavirus having jolted several…
Chinese demand for soybean remains robust Read More »