South African ports and bunker supply face disruptions amid civil unrest in the country, and some Mediterranean ports have rough weather coming in the next week. Sapref’s Durban refinery was shut on Wednesday amid looting and mass violence in the KwaZu…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
The incredible surge in the container shipping market has also fuelled the newbuilding market for container carriers. In its latest weekly report, shipbroker Allied Shipbroking said that “newbuilding market continues on a fairly active mode, with the w…
Container Newbuildings Are the “Darlings” of the Shipping Industry Right Now Read More »
The continued easing of lockdown restrictions across the globe, combined with the capacity constraints in other sectors, mean that charter hire rates for the multipurpose and heavylift fleet are expected to continue to rise from their current peak for …
Multipurpose vessel charter rates surpass 2008 peak with further to go Read More »
Global demand for consumer goods has rebounded since the second half of 2020, driven initially by large government stimulus packages and, more recently, by resilient capital expenditures and swift vaccination rollouts in most developed markets. But sup…
PIMCO: Supply Bottlenecks Likely to Ease by the End of the Year Read More »
Lead times are shorter for VLSFO and LSMGO stems in Singapore, while VLSFO supply has tightened in China’s Shandong area this week. Singapore’s fuel oil stocks dropped by 5% to 22.82 million bbls last week, which was their lowest levels since late Marc…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »