After the initial disruption, last year ended better than expected for global shipping. The industry will benefit from world trade recovery in 2021, with average seaborne trade volumes expected to end above pre-pandemic levels, yet underlying differenc…
Shipping sector outlook: Container prices spike while tanker rates plunge Read More »
Low sulphur bunker fuels are readily available in most large ports in Europe and Africa, while HSFO volumes are tight in the Canary Islands and South Africa. A slowdown in eastward fuel oil cargo flows has left more fuel oil in storage in ARA. Independ…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
2020 was the year that was “unprecedented”; however, 2021 seem to be following suit with unprecedented market activity. January & February which are historically quite times in the shipping S&P market due to the winter holidays and specifically…
2021 Thus far & What’s Being Foreseen by Sinotech Marine Read More »
VLSFO supply has tightened in Fujairah and Busan since last week, while lead times for low sulphur bunkers are unchanged on the week in Singapore, Zhoushan and Tokyo. Several suppliers in Fujairah have been unable to offer stems since Thursday last wee…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
While commercial crude oil stocks in the European Union and the US have largely returned to 2019 levels, inflated crude oil stocks in China are a “key uncertainty” for medium term crude imports and dirty tanker demand East of Suez, according to Braemar…
‘Uncertainty’ of China’s crude cache Read More »