With the industry hoping for better “grades” after the “effort” of recent years, this week’s Analysis updates our half year shipping report showing a ClarkSea Index up 9% y-o-y but still below trend since the financial crisis (see Graph of the Week). A…
Shipping’s Half Year Report – Extra Classes Needed? Read More »
With more shipowners opting to install marine exhaust gas cleaning systems to their fleets, together with the publication of a UMAS report putting paid to the notion that LNG is a viable way of meeting emissions rules, could high-sulphur fuels remain t…
The choice to place an order for a newbuilding vessel, dry bulker or tanker, is dividing opinions at the moment, as ship owners appear to be unable to agree on the shipping markets’ future potential, especially at the current ships’ prices …
Newbuilding Orders A Divisive Issue at the Moment Read More »
Crude oil tanker earnings have since records began, never been this bad. Earnings for Very Large Crude Carriers (VLCCs) in the first half of 2018 were as low at USD 6,001 per day on average, with a Suezmax tanker earning USD 10,908 per day and an Afram…
A Historically Bad Crude Oil Tanker Market Struggles To Find Solid Support Read More »
The enthusiasm for newbuild orders across most shipping markets has started to wane after over 10 billion dollars were committed in the first quarter of 2018. The total committed to new deliveries is now the lowest since the start of 2016. Ordering tre…
10 Billion USD Spent on Newbuilds in H1 2018 Read More »