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Weak Ton Mile Demand Responsible for Low Clean Tanker Rate

Until May 2016, ton mile demand was rising and rates were structurally higher (in the green shaded area). Since then, ton mile demand has been choppy, but almost flat when shown as a trend line (in the red shaded region). Rates have been much softer during this period of stagnant demand. The number of available ships in this size range...

VLCC’s Holding Steady

Source: GIBSONS Much attention has been given in recent months to continued activity in newbuild VLCC tonnage. Shipbrokers Gibson’s, are not an exception to that, warning repeatedly about the risk of over-ordering if investment in VLCCs continues at such a relentless pace. However, what has gone largely unreported is the fact that the pattern of ordering activity has been completely...

Market Soundbite: Japan & the Clean Tanker Markets

Japanese Yards Remain Solid Contenders in the Clean Tanker Markets Japanese yards remain an important hub for clean product tanker orders, and are currently booked for 57 orders through the end of 2021. Domestic owners and trading houses make up a significant portion of these orders, but interest from foreign owners continues, as the yards remain competitive with other top...

IMO 2020: New Fuel Options Gain Pace

IMO 2020 sulphur
By John Roper, Managing Director & Head of Middle East, Uniper Global Commodities SE For the first time since engines replaced sails in the early 19th century, the operational status quo of global shipping is being rewritten. The International Maritime Organization's (IMO) ruling to reduce the sulphur cap for bunker fuel from 3.5% to 0.5% by 2020, not 2025, means an overhaul...

Special Economic Zones, Free Zones and Industrial Parks – the landscape is Changing

By Subhasis Ghosh, Apex Consultants During our discussions at a trade facilitation and investment meeting organised by an industry chamber recently, we had good conversations on the subject with a few colleagues. Based on my experience, analysis and interactions with the leadership of several special economic, free zones and industrial parks over the years, am sharing my perspective for further conversation: What...

Towards a Sharing Economy of Port Terminals

Sharing port terminals as a strategy
There is a lot of excitement about what is called the “sharing economy”. Its genius: money is made by intelligently mutualising assets. The advantage for companies: less need for investments in assets. Its prime example: Uber. Shipping is not usually associated with such cool things. Quite the contrary. At almost every shipping conference, people talk about that mysterious Uber of...

Dry Cargo Broker Viewpoint

bulk shipping
A consensus is building among Panamax observers and traders that the mid-range bulkers are poised for a quite positive 6-8 weeks ahead as a combination of oncoming South American grain cargoes—driven by strong eastbound demand—and slimming tonnage availabilities generate a bullish upward spiral in spot freights in the Atlantic. Even as current spot markets stagnate around last-done rates and...

Blockhain is the Future of Logistics

blockchain and trade
Bitcoin is a digital payment system, and a cryptocurrency, invented by an anonymous programmer, or a group of programmers, under the name Satoshi Nakamoto. It is a peer-to-peer transaction system which takes place without the help of third parties, where transactions are verified by independent nodes, known as miners, and recorded on a public global ledger known as Blockchain. In...

Impact of Mega Boxship Deliveries on Asia-North Europe Trade

impact of mega ships
Ship transport along the Asia-North Europe trade lane is used to carry large box ship deliveries for trade activities. Orders are done in large numbers. For instance, the current orderbook for the mega boxships amounts to 1.4 million TEUs. The delivery will influence the capacity of the market share between the three Alliances, found in the Asia to North...

Global Container Shipping to Face yet Another Crisis?

global container shipping
By Jose Paul (Drewry) The year 2017 saw a modest recovery in container shipping after a disastrous performance in 2016. According to Drewry maritime research and consulting services, the container shipping industry has lost about US$ 10 billion in 2016. In August 2016, container shipping line Hanjin Shipping of South Korea declared bankruptcy, leaving 66 ships carrying goods worth US$...

Latest Posts

Port of Rotterdam’s Mega-Ship Calls Help Ease COVID-19 Box Volume Slump

(BlueWater) The Port of Rotterdam, Europe’s busiest container port, announced that TEU volumes for the first six months of 2020 declined by only 3.3%...

Global bunker prices move upwards

(Mabux) Global fuel demand is showing some signs of improving although the market outlook is still quite bearish with the coronavirus outbreak. The World Bunker Index...
dry bulk index

Vessel supply is tightening

(Breakwave) For the first time in many years one can say that supply of dry bulk ships looks tight. The dry bulk market has spent...