Lacklustre seaborne trade growth figures should serve as a “warning” that national policies can have a negative impact on the maritime trade and development aspirations of all. UNCTAD secretary-general Mukhisa Kituyi made that comment in response to gr…
“Uncertainty” overriding theme for trade growth Read More »
The dry bulk market seems to be settling down to yet another bearish period, after third quarter’s rebound. In its latest weekly report, shipbroker Allied Shipbroking noted that “with the dry bulk market having shown a gradual downward correction…
Dry Bulk Market: Bearish Sentiment Prevails Once Again Read More »
The accumulated growth rate for US inbound containers has almost been cut in off half from 5.1% in 2018 to 2.6% in August of 2019. Towards the end of 2018, US retailers frontloaded consumer goods ahead of the planned tariff hike in January 2019. While …
Growth of US inbound containers has slowed to 2.6% in 2019 Read More »
The IMO specification change will limit Sulphur content in ships’ fuel oil from 3.5 to 0.5 percent from January 2020. This will shift a large amount of bunker demand from high-Sulphur fuel oil (HSFO) to low-Sulphur fuel oil (LSFO) and gasoil across reg…
Changes To China’s Tax Treatment Of Fuel Oil Shakes Up Bunker Market Read More »
The disappointing figures related to the demolition activity this year have continued over the course of the past week as well, in yet another indication, that the gradual improvement of the freight rate market during 2019 has deterred many owners from…
Demolition Market Still on “Standby” Mode Read More »