Despite booming stocks and rising profitability not everything is hunky dory for container shipping lines. The sector is either already facing or about to face higher costs as highlighted below. 1. Decarbonisation Apart from their individual R&D an…
Container shipping equities: Industry braces for higher cost Read More »
The international shipping industry continued its long-term positive safety trend over the past year but has to master Covid challenges, apply the learnings from the Ever Given Suez Canal incident and prepare for cyber and climate change challenges ahe…
HSFO380 availability has improved to shorten lead times in Singapore, and plentiful supply has kept South Korean VLSFO prices at regional discounts this week. VLSFO remains tight for prompt dates in Singapore, while HSFO380 has become more readily avai…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
The iron ore-led dry bulk market boom could still have enough steam to run, despite the recent negative pressure on iron ore prices. In its latest weekly report, shipbroker Allied Shipbroking said that “one of the major trades that has helped drive the…
Dry Bulk Market Boom Still Has Plenty of Steam Left In It Read More »
The current LNG market scenario with high LNG demand in Asia and low storages in Europe indicates a ’summer with all attributes of winter’. The statement holds weight with spot LNG prices seven times higher than in 2020 while LNG shipping rates have do…
Asia’s summer, Europe’s winter create explosion in LNG market Read More »