VesselsValue data suggests the value of a generic fixed age 15 year old Capesize Bulker has fallen 20% from 1st November 2018 to USD 12.2 million today. By contrast, other valuers are quoting figures or estimated ranges 15-30% higher. Company Director …
Capesize values under pressure Read More »
One of the few shipping segments where net fleet growth is actually expected to be negative is the Handy/Supramax one. In a recent note, shipbroker Banchero Costa said that “according to our calculations, the current trading fleet (including units in l…
Dry Bulk Market: Fundamentals Look Bright for Handy/Supramax Segment Read More »
A new normal In 2017, spot LNG import reached approximately 20% of the total volumes delivered, representing about 59 MT of LNG. Aided by LNG contracts with destination flexibility, due to increased contracts for portfolio trade and by the growing vo…
LNG Spot Cargoes – A new normal Read More »
Only nine shipyards, out of 26, on the EU list of approved recycling facilities are realistically open for ship recycling, and only three of the 26 could recycle a large ship (Panamax size or larger), a study commissioned by BIMCO shows. “The EU list i…
EU Ship Recycling Rules Look Like Protectionism Read More »
Brazil is known as one the main suppliers of iron ore to China. However, a series of developments have led to the Latin American country fast becoming a major exporter of crude oil towards the world’s second largest economy, a trend not expected to sto…
From Brazil to China: Not Just Iron Ore but Crude Oil as Well Read More »