The new interactive graphs allow price fluctuations in the major bunkering hubs of Singapore and Rotterdam to be tracked. They will show the bunker prices for 380cST HSFO (high sulphur fuel oil) and MGO LS (marine gas oil low sulphur), both in USD per …
BIMCO Launches Interactive Graphs Showing Bunker Fuel Spreads Read More »
The U.S. Office of Foreign Assets Control (OFAC) on Sept. 25, 2019, designated COSCO Shipping Tanker (Dalian) Co. Ltd. (COSCO Dalian), Kunlun Shipping Company Ltd., and certain other entities and individuals as Specially Designated Nationals (SDNs) und…
Navigating the Recent U.S. Sanctions on COSCO (Dalian) and Other Chinese Companies Read More »
Ships’ recycling activity should pick up in the coming months, in order for the freight market to recover in the long-term. However, this hasn’t been the case so far in 2019, with many owners opting to hold on to their older vessels, with d…
Demolition Activity Should Pick Up For Rates to Recover in the Long-Term Read More »
The main story for 2018/19 has been the positive developments in the large LNG sector, which we are expecting to continue throughout the rest of 2019 into 2020. This is being driven by increasing demand as more countries prioritise LNG as an energy sou…
Greek Ship Owners Dominate the LNG market Read More »
The fall in volumes from the two countries has also led to an 8.5% drop from last year in the tonne mile demand generated by the two dominant soya bean exporters. In particular falling exports from Brazil have hurt the shipping industry, with accumulat…