Vintage tonnage is expected to be rather scarce during the coming weeks, as China’s Holidays and subsequent Olympics is expected to dampen ship owners’ appetite for more sales. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there are small pockets of tonnage being circulat
Over two-thirds of respondents to a global survey conducted by Container xChange, the world’s leading technology logistics company, expect Chinese New Year factory closures to further disrupt container shipping supply chains. Most respondents also expect that the February Lunar New Year holidays in
2021 saw significant trends and changes in the Shipping industry with record breaking Container demand, surging steel prices, and the threat of returning lockdowns as new Covid-19 variants emerged. These factors have combined to result in a diverse demolition market. Last year saw 704 vessels sold f
A limited supply of fresh tonnage could speed up the recovery of the tanker segment, which unlike other parts of shipping, has failed to stage any sort of recovery over the past 18 months. In a recent report, shipbroker Allied said that “the tanker sector has remained in the background during 2021 a
Container demand growth is losing some momentum amid mounting headwinds, but carriers will continue to rake huge profits, according to Drewry’s latest Container Forecaster report. Fast rising inflation, ongoing supply chain bottlenecks and the Omicron Covid-19 variant are conspiring to slow the pace
A copper deficit is set to hit trade and the energy transition hard by the end of the decade, according to Rystad Energy. Global demand for the pink metal will outstrip supply by more than six million tonnes by 2030, unless investment in mining is substantially increased. The shortfall threatens to
With the shipping industry gradually expected to move towards cleaner fuels, ordering a newbuilding vessel today can be a very difficult “exercise” from a compliance and financial point of view. So what are the options that ship owners have opted to choose? In its latest weekly report, shipbroker Gi
There was little support to be found for the Capesize market over the last week as dwindling rates and rising bunker prices slashed earnings for owners with the 5TC Weighted Average dropping to $7,390. The Pacific had little further left to drop as the transpacific C10 was priced at sub operating ex
The highly synchronized global supply chain system developed over the past 30 years is under strain like never before and resolving the disruption will be less a “sprint” and more of a “marathon” that runs well into 2022, according to a new report by IHS Markit, (NYSE: INFO), a world leader in criti
The long-expected year-end recovery in dirty tanker spot freight rates failed to materialize in December, as lockdowns at the end of the year and softer Chinese buying limited tonnage demand, OPEC said this week, in its latest monthly report. On average, VLCCs and Aframax slipped 5% and 3%, respecti
On 14 January 2022 the European Parliament’s Rapporteur, MEP Peter Liese, published his draft report on a proposal to revise the Emissions Trading System (ETS) Directive¹ which forms part of the ‘Fit for 55’ package of climate and energy reforms published on 14 July 2021. The draft report includes a
As we head towards IMO2050, there is no doubt that the future of shipping will comprise a mix of fuel solutions and the shipping industry will need all of them to meet future fuel demands. We believe LNG has an important role, along with bioenergies and hydrogen-based fuels, in shipping’s energy tra
Data from China this past week, seems to support the positive narrative, regarding a potential swift rebound of the dry bulk market moving forward. In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a slow start to the year for the dry bulk market thus far, albeit that
2021 was a year of dramatic progress and growth for LNG (Liquefied Natural Gas) as a marine fuel and its pathway to decarbonisation. Orders for LNG-fuelled vessels hit record levels while the bunkering infrastructure continued to expand at pace. There was significant progress on increasing productio
Among most global trades, intra-Asian rates have seen considerable increases in recent years, though the costs on the world’s busiest container trade have not risen as quickly as in other places. In the first half of January, spot rates from the main Chinese ports to the main Japanese and South Kore
The dry bulk market has been in correction mode for the most part of the past few weeks and the start of 2022 has been no exception. However, this period of lean earnings, could also be a good time to invest more in the segment, as rates are bound to recover after the Chinese holidays ... The post C
Do you know exactly how many regulations and laws govern today’s shipping? For an industry that’s about 5,000 years old and moves approximately 90% of the world’s goods, while navigating some of the most challenging environments on international waters, there are bound to be a bunch of rules. In fac
VLSFO bunker supply remains tight in Singapore due to an ongoing shortage of blends, and with lead times standing at 9-11 days out. Similarly, HSFO380 stems require up to 12 days ahead in the port, while LSMGO availability is better in the bunkering hub with a shorter recommended lead time of just 1
After a positive start to the new year, newbuilding ordering activity has slowed down during the past few days. In its latest weekly report, shipbroker Allied noted that “overall activity in the newbuilding market has seemingly taken a small step back as of the past few days, with the general flow i
The decarbonization of shipping – responsible for 3% of global greenhouse gas (GHG) emissions but more than 80% of global trade – is rapidly moving up the agenda, for policymakers and industry alike. Last autumn more than 200 organizations from the maritime ecosystem signed the Getting to Zero Coali
