LNG traders JERA Global Markets and Vitol have executed the first Atlantic LNG freight swap against The Baltic Exchange’s BLNG3 assessment in a bilateral trade arranged by Affinity Financial Products LLP. The BLNG3 assessment provides a freight r…
Despite a correction in the dry bulk market, ship owners are still quite keen on modern dry bulk tonnage. In its latest weekly report, shipbroker Banchero Costa said that “starting from dry bulk two Capesize chaged hands, the Aristofanis I, 177,000 dwt…
Demand for Dry Bulk Tonnage Still Strong Read More »
Indonesia’s ban on exports of unprocessed ores and minerals will result in reduced nickel ore trade, hurting the demand for small bulkers. However, with bauxite trade shifting to Guinea-China from Indonesia-China, large bulk carriers will gain employme…
In just a few months, on January 1, 2020, a new, sweeping global regulation is scheduled to go into effect that caps the amount of allowable sulfur content in all marine fuels used by ocean-going vessels from its current level of 3.5% m/m (mass/mass) t…
Opportune’s Matt Flanagan Addresses IMO 2020 Challenges, Opportunities Read More »
Once considered a niche market for “bold” ship owners to invest into, nowadays, LPG shipping is almost mainstream and yielding quite good results. In a recent monthly analysis, shipbroker Banchero Costa said that “spot charter rates for VLGC gas carrie…
Once a Niche Segment, LPG Carrier Market is Now A Boon for Ship Owners Read More »