The first half of 2021 saw 275 Cargo vessels sold for scrap, up 40% and 33% compared to 2020 and 2019, respectively. The 275 scrapped vessels have a combined DWT of 11.9 mil and a total scrap value of over USD 1 bil. 131 tankers were scrapped, accounti…
Demolition Activity Up 40% Versus 2020 Read More »
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition. The current market for seaborne transportation of crude oil is weak and has caused freight rates to drop to multi-year l…
Only 3 VLCCs sold for demolition in 2021 as secondhand prices tempt Read More »
HSFO380 supply has improved in Houston while its price maintains regional premiums, and truck driver strikes have limited outbound cargo in Argentina’s Bahia Blanca and Necochea this week. US fuel oil inventories were drawn last week, and averaged 7% l…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
The current LNG market scenario with high LNG demand in Asia and low storages in Europe indicates a ’summer with all attributes of winter’. The statement holds weight with spot LNG prices seven times higher than in 2020 while LNG shipping rates have do…
Asia’s summer, Europe’s winter create explosion in LNG market Read More »
The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 235 ports worldwide, representing over 75% of global volumes. The base point for the indices is January 201…
Drewry: Container Port Throughput Rises During May Read More »