Speculative orders have vanished from the newbuilding scene of late, with the majority of ship owners making moderate and calculated moves in the market. This has been the case so far in 2019, with prices stabilizing as a result. In its latest weekly r…
Newbuilding Prices Stabilize, as Do Orders Read More »
While the IMO 2020 regulations bode well for the product tanker market, other factors can come into play, which can have a negative impact. In its latest weekly report, shipbroker Gibson said that “the US product export market has been transformed over…
Potential Threat to Product Tanker Market from Mexico’s Refining Plans Read More »
The first quarter of the year is often a seasonally weak period for the shipping markets, and 2019 so far has proved no exception. Although the ClarkSea Index has risen by 13% y-o-y so far this year, it still fell by over 30% from multi-year highs in l…
A Tricky Start? Putting The Seasonal Slide In Context Read More »
International shipping accounts for around 3% of global CO2 emissions. The amount of cargo carried by sea has grown and is expected to reach 12 billion tonnes by 2020. Growth in global trade also means growth in fuel consumption and, therefore, higher …
Slow steaming to arrive at the right time Read More »
In its latest weekly report, shipbroker Intermodal said that “with the IMO 2020 approaching, it becomes challenging for the market to accurately explore the run-up to the deadline given that marine fuel-oil of 0.5% sulphur content does not yet exist ph…
The Scrubber Conundrum: Will They Generate Profits or just Earnings? Read More »