Peak season to date has not been as bullish as some market participants expected. There have been box rate increases throughout August and this is expected to continue into September. However, there are some fundamental issues causing uncertainty withi…
Propulsion Dynamics has responded to industry concerns over the expected spike in bunker fuel costs and increasingly stringent environmental legislation. The company’s new offering, Inferred Fuel Performance, allows a ‘sneak peak’ of a vessel’s expecte…
The South China Sea is a major trade route for crude oil, and in 2016, more than 30% of global maritime crude oil trade, or about 15 million barrels per day (b/d), passed through the South China Sea. More than 90% of crude oil volumes flowing through t…
More than 30% of global maritime crude oil trade moves through the South China Sea Read More »
Capesize The Singapore holiday mid-week disrupted trading and unsettled the market, with owners losing some resilience. The market took on a late summer feel with a nearby over supply of tonnage, but many considered the ground lost would be regained. A…
Dry Bulk Market: Rates Retreat on Oversupply of Tonnage on Offer Read More »
33 new LNG ships have been ordered so far this year, compared to 19 in the whole of 2017 and just six in 2016. Owners have been tempted by higher spot/short-term charter rates, still-low newbuilding prices and rapidly growing LNG trade. New LNG supply …
LNG ship orders pour in: Is it too little too late, or too much too soon? Read More »