124 City Road, London, EC1V 2NX, UK

Tel. +44 20 3397 0340

The global iron ore seaborne trade has been on the decline so far this year. In its latest weekly report, shipbroker Banchero Costa said that “so far in 2022, iron ore trade softened again, primarily due to weaker demand from China and supply issues in Brazil. In January-October 2022, global iron ore loadings declined by -2.6% y-o-y to 1,254.5 mln tonnes, from 1,287.7 mln t in the same period of 2021, according to vessels tracking data from Refinitiv. Volumes were essentially at par with the 1,254.6 mln tonnes shipped in the same period of 2019”. Source: Banchero Costa The shipbroker…
The tanker market is experiencing some of its best days of the past couple of decades, as ton-mile trading has grown considerably. In its latest weekly report, shipbroker Allied Shipbroking said that “oil markets look to be in complete disarray this week. The price of crude oil has dropped sharply once again in the face of Covid-19 protests in China, a European embargo and price cap plan set to come into force early next week, and an OPEC+ meeting in Vienna set for Sunday with no clear agenda given and no likely outcome having been convincingly communicated as of yet.…
With the year coming to an end, analysts are anticipating an elevated number of newbuilding orders, as owners will look to conclude more deals. In its latest weekly report, shipbroker Allied Shipbroking said that “the volume of newbuilding orders appeared rather diminished on a w-o-w basis, with the overall market appearing rather unable to remain on a more stable level for the time being. Despite though the current reduced number of transactions, the fact that we still see presence across all main shipping sectors, keeps the probability for an overall increased flow of projects to come into light in the…
The ship recycling market has remained subdued over the course of the past week, solidifying the general market negativity of the past few weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the steel markets continue to fall daily in the Indian sub. Continent creating the negativity within the recycling industry and seeing price indications for any available tonnage to decrease. India is currently the only stable market from the three recycling destinations in the Sub. Continent, but the HMS (Heavy Melting Scrap) price delivered India is rgn USD 390 (for good quality). The prediction is this…
The dry bulk market could receive a boost from the existing condition in the Black Sea grain market. In its latest weekly report, shipbroker Intermodal said that “global grain markets continue to remain stretched. Drought, high temperatures, heavy rainfalls, poor yields, and geopolitical disruptions have been increasing uncertainty and lowering demand for bulk carriers. Rates for shipping grain, including soybeans, corn, and wheat have declined from 2Q2022 to 3Q2022, and they are also lower y-o-y. Moving toward the end of the year, the market has its eyes on China’s demand after a decision to ease its strict lockdowns, as well…
Demand for tankers aged from 15-years and older have been in high demand in the secondhand market. In its latest weekly report, shipbroker Gibson (https://www.gibsons.co.uk/) said that “this year, 15-year-old crude tanker values have broadly outperformed the rest of the secondhand tanker market in terms of both prices and enquiry. The main reason for this appears to be the impending sanctions and corresponding G7 price cap on Russian oil and products due to come into force from the 5th December and 5 th February respectively. This is expected to lead to a large increase in the fleet of tankers involved…
The EU’s share of LNG imports via sea has grown to 24.6% during the ten months of 2022 (January-October), which means it now is the biggest importer globally. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has continued to surge this year, helped also by the disruption to Russian pipelines and increased stockpiling in Western Europe. In the first 10 months of 2022, global loadings of LNG increased by +5.8% y-o-y to 334.7 mln tonnes, based on Refinitiv vessel tracking data. The biggest rise in exports has been from the United States, which recorded…
The dry bulk market is expected to remain in bearish territory for the next few months analysts claim. In its latest weekly report, shipbroker Allied said that “there has been a fair amount of distress noted in the dry bulk sector for some time now. For many, the feel is that this bearish period has come a little bit quicker and slightly harsher than initial projections would have shown. On the other hand, the expectation was that at some point the overall market would eventually come under pressure. For the time being, things are very volatile, and there is a…
Newbuilding ordering activity kept up its rising trend over the course of the previous week. In its latest weekly report, shipbroker Allied Shipbroking said that “newbuilding market activity was kept at firm levels during the past week given the fair flow of fresh projects that came to light. A remarkable shift was recorded within the market as perspective buyers have now seemingly shifted their focus from LNG over to the dry bulk sector, with a big order for Newcastlemaxes emerging this week along with some smaller orders for Ultramaxes, all of which were placed in Chinese yards. It seems that…
The ship recycling market is in a state of disarray, as tonnage availability has been scarce. Even when there are potential candidates, things aren’t quite that simple, as a result of a shortage of dollars in Bangladesh. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it is the start of the World Cup this weekend and all eyes are on Qatar as they are the host the first global football tournament in the Middle East, we expect this to be the most excitement recyclers will see for the next few weeks, as the market once again, can…
It seems that each calendar year since 2020 has each own “winner”, when it comes to the part of the shipping industry which reaps the most benefits from the course of the global economy and trade. If 2021 was the year for containers and 2022 is the one for LNG tankers, it seems that 2023 could very well be emerge as the year of the tanker. In its latest weekly report, shipbroker Intermodal said that “the tanker market has been gathering momentum over the recent months and freights are moving on an upward trajectory. Looking forward, the current market snapshot…
The current energy crisis and cost of living conditions could hinder climate goals in favor of fossil fuels. This, in turn, could delay peak oil, thus prolonging the existing life cycle of many tankers, both existing and newbuildings. In its latest weekly report, shipbroker Gibson said that “as COP27 comes to a close, the opposing challenges from the urgent need to do more to reduce global emissions and the escalating cost of living, the energy crisis and political upheaval brought on by Russia’s war in Ukraine remain. The turmoil in energy markets has clearly weakened environmental targets in the short…