VesselsValue data suggests the value of a generic fixed age 15 year old Capesize Bulker has fallen 20% from 1st November 2018 to USD 12.2 million today. By contrast, other valuers are quoting figures or estimated ranges 15-30% higher. Company Director …
Capesize values under pressure Read More »
A new normal In 2017, spot LNG import reached approximately 20% of the total volumes delivered, representing about 59 MT of LNG. Aided by LNG contracts with destination flexibility, due to increased contracts for portfolio trade and by the growing vo…
LNG Spot Cargoes – A new normal Read More »
Only nine shipyards, out of 26, on the EU list of approved recycling facilities are realistically open for ship recycling, and only three of the 26 could recycle a large ship (Panamax size or larger), a study commissioned by BIMCO shows. “The EU list i…
EU Ship Recycling Rules Look Like Protectionism Read More »
On January 1, 2020, the International Maritime Organization’s (IMO’s) bunker fuel regulations come into effect. The sulfur content limits in bunker fuels used outside the designated Emission Control Areas (ECAs) will be reduced to 0.5% (from 3.5%) to r…
What Is The IMO 2020 Effect On The Fuel Bunker Mix Short- And Long Term? Read More »
Capesize The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest of the week, ending at $4881. Iron ore cargo trades from West Australia to China dominated early week busines…
Dry Bulk Rates Still Low, But Things Are Improving Read More »