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 »
Importers, particularly those reliant on container shipments, are facing a storm of disruptive factors. The COVID-19 pandemic has created winners and losers as it has across the economy. The pandemic has been joined by several other factors that are di…
Stormy seas for importers Read More »
China’s drive to lower emissions, is expected to have a negative impact on crude oil imports from private refineries. As a result, tanker demand growth could be lower in the months to come. In its latest weekly report, shipbroker Gibson said that “the …
China’s Crackdown on Excess Capacity to Impact Crude Oil Imports Read More »