The global container industry is huge — in excess of $4 trillion worth of goods will be shipped using containers in 2018. Almost everything we use on a daily basis is transported by containers at some point in its life. But at the same time there seems…
Kinks in the supply chain Money, fuel and logistics – and the rising tide of IMO 2020 Read More »
As the 1st of January 2020 is edging closer, the effects of the IMO 2020 rule on burning cleaner marine fuels are bound to be diverse, across all ship classes. One such case is the Handy product tanker range. In its latest weekly report, shipbroker Gib…
Older Handy Product Tankers Could Soon be Scrapped due to IMO 2020 Rules Read More »
The Brazilian economy is on track to expand by 1.8% this year, a downward revision from the International Monetary Fund’s (IMF) initial expectation of 2.3% in January. This downward revision is due to lower than expected consumption, exacerbated by fue…
Product Tankers: The Return of Brazilian Demand Read More »
Capesize A sharp reversal of fortunes for the big ships as the week closed after a depressed beginning. To start with drops were sudden, with the key West Australia/China rate falling over a dollar in one day, dropping Tuesday to $7.95 before climbing …
Capesize Market Ends Week with a Bang Read More »
The tanker market was mixed during September, as smaller classes like the Suezmax and Aframax benefitted from the hurricane seasons, while VLCCs were flat, as oversupply issues still hampered the segment’s recovery, said OPEC in ints latest month…
Hurricane Season Boosted Tanker Markets in September Read More »