Industry News
Corn main export markets are facing various weather challenges, which could in turn result in changes in cargo demands. In its latest weekly report, shipbroker Intermodal said that “due to the adverse weather outlooks expected in August, there has been a 1% decrease in the projected U.S. corn production for the 2023/24 season, bringing the […]
AI and big data processing can help address one of shipping’s main problems today, i.e. emissions reduction through voyage optimization. In an exclusive interview with Dr Konstantinos Kyriakopoulos, CEO and Co-Founder of DeepSea Technologies, Hellenic Shipping News Worldwide (www.hellenicshippingnews.com), discusses the technology advancements which can help reduce emission today. Voyage optimization is widely regarded as […]
Saudi Arabia’s crude oil exports have maintained their upward momentum in 2023, albeit at a significant slower pace, as production has been reduced as part of OPEC’s oil price strategy. In its latest weekly report, shipbroker Banchero Costa said that “2023 so far has been another positive period for crude oil trade, despite the high […]
Ship owners gravitated towards more tanker acquisitions, than bulker ones, during the first six months of 2023. In its latest weekly report, shipbroker Xclusiv said that “the second quarter of the year has come to an end, and it is time to do a quick review of the S&P market for bulk carriers and tankers. […]
Tanker newbuilding orders have been on the rise, as owners feel more confident to invest, given the record low orderbook. In its latest weekly report, shipbroker Allied said that “a rather interesting week for the newbuilding market took place, with a fair number of fresh projects coming to light during the same time frame. Yet […]
A mismatch is evident in the ship recycling market, as yards are not willing to match the prices on offer. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “certain vessels achieve a certain price sometimes in this market and quite clearly, this week portrays why each sale can be individual, and not […]
Seaborne crude oil flows keep on changing, with China having recently emerged as major buyer of US crude oil. In its latest weekly report, shipbroker Intermodal said that “the recent commitment from Russia and Saudi Arabia to production cuts, coupled with Saudi Aramco’s consecutive increase in OSPs to Asian customers, has prompted Asian buyers to […]
The low water level of one of the main fuel distributions artery, the Rhine River, is causing significant disruption. In its latest weekly report, shipbroker Gibson said that “in Europe, besides contending with an intense heatwave, lower rainfall has impacted inland waterway transport on the Rhine River. This serves as an important means of regional […]
Iron ore demand from Japan have been steadily falling over the past few years, even before the pandemic and so far, 2023, is proving to be no exception. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been so far a positive year for global iron ore trade. In Jan-Jun 2023, global […]
The dry bulk market will be effected by Russia’s exit from the UN Black Sea Grain Initiative. In its latest weekly report, shipbroker Xclusiv said that “earlier this week Russia stepped back from the UN Black Sea Grain Initiative. Moscow announced that it will no longer guarantee the safety of ships exporting grain from Ukraine […]
Ship owners have kept ordering newbuildings, with bulkers and tankers the main targets. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuilding market was quieter than in the previous week, but there was activity to be noted across sectors, particularly in the tanker sector. Kurow Shipping is a relatively new, low-profile player […]
Major Greek ship owners have turned their sights towards bulkers, making big moves of late. In its latest weekly report, shipbroker Intermodal said that “the strategies of major/traditional owners usually have a knock-on effect on mid/small owners who tend to adopt them or at least seriously consider them in their own strategies. Having witnessed a […]