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So far Matrix Owner has created 441 blog entries.

Bulkcarrier Deliveries: Still On The Slide

Against the backdrop of a shrinking orderbook, deliveries in the bulkcarrier sector have declined significantly since peaking in 2011, hitting their lowest level in deadweight terms since 2008 last year. In 2017 deliveries continued to fall, although it appears that improving market conditions led to the delivery of vessels that had previously been delayed, providing [...]

By | February 17th, 2018|News|0 Comments

Rotterdam bunker fuel sales slip 2.6% in Q4

Marine fuel sales at Rotterdam, the world’s third-largest port for bunkering, fell 2.6% in the fourth quarter of last year, compared with the same period a year ago. Total sales dropped to 2.42 million cu m, the port authority said Friday. Fuel oil sales sank 3.4% to 2.01 million cu m. The fuel oil total [...]

By | February 17th, 2018|News|0 Comments

Supramax freight gains in US Gulf set to be capped by ballasters

A recent freight increase for Supramax vessels in the US Gulf Coast is likely to be capped by ballasters from the UK-Continent and West Mediterranean in a repeat of mid-January activity, shipping sources said this week. Rising freight in the US Gulf Coast on the back of improved inquiry, including grains to Colombia and China [...]

By | February 17th, 2018|News|0 Comments

IBIA update: High sulphur bunker carriage ban on track for March 2020

It looks very likely that MARPOL Annex VI will be amended to make it an offence carry bunkers above 0.50% sulphur, and that the carriage ban will be enforceable as early as 1 March, 2020. The idea to make carriage, not just to use, of bunkers exceeding 0.50% sulphur content illegal was put forward in [...]

By | February 17th, 2018|News|0 Comments

Vessel heads to Dominion Energy’s Cove Point LNG terminal -shipping data

Methane Spirit, a liquefied natural gas tanker, said Thursday it would arrive at Dominion Energy Inc’s Cove Point LNG export facility in Maryland around March 31, according to Reuters shipping data: If correct, that could be the first vessel to pick up a cargo from the LNG facility, which Virginia-based Dominion has said it expects [...]

By | February 17th, 2018|News|0 Comments

Dry Bulk Market: Freight Rate Prospects Looking Positive After Chinese Lunar New Year

Dry bulkers are hotting up price-wise, as the market’s prospects appear rosier than ever during these years of crisis. Shipbrokers are noting that, despite the Chinese New Year celebrations, which are typically negative for the freight market, the BDI (Baltic Dry Index) has managed to sustain a positive level, which means that heading up towards [...]

By | February 17th, 2018|News|0 Comments

Dry Bulk FFA: Panamax Index Looks Bearish

The index failed to hold above the USD 10,517 support resulting in lower prices. Technically price action looks bearish as it is now below the 200 period MA with a longer-term downside target of USD 8,786. Market buyers now need to see higher highs and higher lows for the technical to be considered as firming. [...]

By | February 16th, 2018|News|0 Comments

Offshore: Bet Your Bottom Dollar…But When?

Since the 2H 2014 offshore downturn, when investment in new exploration and development dried up, many offshore vessel owners will have tended to agree with the child heroine of the 1976 musical Annie: “It’s a hard knock life”. However after three years of setbacks and weak markets, some are now starting to see positives, as [...]

By | February 16th, 2018|News|0 Comments

Hedge funds hook shipping stocks grappling for recovery

Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry. Hedge funds made initial forays into shipping stocks in the third quarter of 2017, but significantly stepped up their bets in the final three [...]

By | February 16th, 2018|News|0 Comments

Tanker Market: US Oil Exports’ Rise Bode Well for Ton-Mile Demand

Up until a couple of years back, the wording of US oil exports was a “blank form”, as the leading economy didn’t allow for the exports of its oil. However, with the relaxing of the rule from 2016 onwards, the floodgates have opened and the US is quickly turning into a major factor in the [...]

By | February 16th, 2018|News|0 Comments

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