Exports rose in January on the back of increased sales to Europe, which rose from 2.7 million tonnes in December to 4.8 million tonnes in January. A strong end to 2018 meant that volumes for the full year totalled 87.4 million tonnes, 96.7% higher than…
US Seaborne Crude Oil Exports Hit Record High For Fifth Month In A Row Read More »
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 »