Industry News
India has been increasingly looking to Russia, to cover its energy and raw materials needs, with coal being no exception. In its latest weekly report, shipbroker Banchero Costa said that “after a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid […]
The product tanker market is already in Russian ban mode since February the 5th, when the EU import ban took effect. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “as the first week of February passed, central banks made another interest rate rise in order to restrict inflationary pressures. On Wednesday, FED lifted […]
The newbuilding market has been lit on fire as major container liners have moved forward with their newbuilding plans. In its latest weekly report, shipbroker Allied Shipbroking said that “following on from MSC’s US$1.2bn order last week, the third largest container carrier, CMA CGM, announced investment in 12 new vessels of its own. Interestingly, CMA […]
The ship recycling industry is undergoing significant changes in various countries. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week saw an improved turnout (compared to last year) for the independent conference held in Amsterdam with main discussions surrounding the EU approved ship recycling facilities and regulations. The positive was that […]
The LNG shipping market is about to experience a great year earnings-wise, at least according to existing fundamentals projections. In its latest weekly report, shipbroker Intermodal said that “in a market where LNG spot prices follow a downward trajectory since late December, period charter rates for LNG vessels are also marginally retreating from their firm […]
The tanker market and most notably the larger sizes could benefit from higher production figures, but at things stand no such development is close to fruition. In its latest weekly report, shipbroker Gibson said that “this week, the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ held a virtual meeting where they agreed to maintain current […]
The shift in seaborne crude oil volumes was rather obvious during 2022, with the surge of exports from Saudi Arabia quite notable. In its latest weekly report, shipbroker Banchero Costa said that “2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic […]
China’s reopening after the Lunar New Year celebrations, is expected to offer a boost in the freight rate market. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “as the Lunar New Year was celebrated in China, the dry bulk and tanker markets continued moving south. Since the beginning of 2023, the BCI has […]
Ship owners have returned to shipyards for new orders, as evidenced by the volume of ordering activity reported. In its latest weekly report, shipbroker Allied Shipbroking said that “this week saw continued interest in PCTC vessels, with four new orders being placed at Chinese shipyards and Grimaldi Group declaring the options for 5 vessels originally […]
Activity in the ship recycling market has retreated even further during the past week, as the New Year celebrations in China, curbed demand. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “a quiet week has been experienced due mainly to the Lunar New Year holidays that have taken place, but with dry […]
China’s iron ore imports retreated by an additional 1% during 2022. In its latest weekly report, shipbroker Banchero Costa said that “2022 was a rather negative year for global iron ore trade, primarily due to weaker demand worldwide and supply issues in Brazil. In January-December 2022, global iron ore loadings declined by -2.3% y-o-y to […]
In its latest weekly report, shipbroker Gibson said that “the past couple of years have marked an increase in orders of methanol-fueled vessels, particularly in the container segment. AP Moller Maersk is a clear pioneer and a front runner, having ordered 19 container vessels capable of running on methanol, whilst over 30 vessels have been […]