There has been a structural increase in LNG import demand into China. There was a gradual increase in demand from the start of 2016 through the middle of 2017. From 2017 through to the present the contribution of global ton mile demand coming from Chin…
Chinese Emphasis on Cleaner Air Driving More LNG Ton Mile Demand Read More »
With the industry hoping for better “grades” after the “effort” of recent years, this week’s Analysis updates our half year shipping report showing a ClarkSea Index up 9% y-o-y but still below trend since the financial crisis (see Graph of the Week). A…
Shipping’s Half Year Report – Extra Classes Needed? Read More »
With more shipowners opting to install marine exhaust gas cleaning systems to their fleets, together with the publication of a UMAS report putting paid to the notion that LNG is a viable way of meeting emissions rules, could high-sulphur fuels remain t…
Crude oil tanker earnings have since records began, never been this bad. Earnings for Very Large Crude Carriers (VLCCs) in the first half of 2018 were as low at USD 6,001 per day on average, with a Suezmax tanker earning USD 10,908 per day and an Afram…
A Historically Bad Crude Oil Tanker Market Struggles To Find Solid Support Read More »
The enthusiasm for newbuild orders across most shipping markets has started to wane after over 10 billion dollars were committed in the first quarter of 2018. The total committed to new deliveries is now the lowest since the start of 2016. Ordering tre…
10 Billion USD Spent on Newbuilds in H1 2018 Read More »