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So far Matrix Owner has created 172 blog entries.

MABUX Weekly Report: Rising oil production in the U.S. may pressure bunker prices

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO at the main world hubs) declined sharply in the period of Nov. 30 – Dec. 07: 380 HSFO – down from 354.43 to 347.14 USD/MT (-7.29) 180 HSFO – down from 396.93 to 388.50 USD/MT (-8.43) MGO -down [...]

By | December 11th, 2017|News|0 Comments

Mediterranean bunker fuel prices look to shake off one-month lows amid rising demand

Bunker fuel prices at a number of ports in the Mediterranean have sunk to lows of four to six weeks on falling high sulfur fuel oil but this could change on the back of rising pre-Christmas demand from shippers, sources said. S&P Global Platts assessed 380 CST fuel oil at Malta, Piraeus and Istanbul at [...]

By | December 11th, 2017|News|0 Comments

Ships demolition market picks up

Shipowners have been looking to offload more of their older ships over the course of the past couple of weeks, according to the latest reports from shipbrokers. Clarkson Platou Hellas said that “as we now approach the period of Advent, observed in many Christian churches as a time of expectant waiting and preparation for the [...]

By | December 8th, 2017|News|0 Comments

VLCCs See Counterseasonal Drop in Demand

The Asian VLCC market has been facing unrelenting downwards pressure in recent weeks, with rates for the benchmark AG/Japan route plunging by w15.5 points m-o-m to w54.5 as of today. This translates into $7.99/mt, which is 44% lower than that of the year before. A smaller December loading program in the AG as well as [...]

By | December 8th, 2017|News|0 Comments

Carrier Profit: What’s Ocean Container Shipping Really in for in 2018?

Depending on how you look at it, ocean container shipping has seen a major change since the summer of 2016. The new shipping alliances have started to mobilize in 2017 and the volatility of rates for all the major trade lanes is nothing short of unnoticeable. Blank sailings, GRIs, drop in rates. Will it be [...]

By | December 8th, 2017|Uncategorized|0 Comments

Asia Dry Bulk-Capesize rates hit 3-year high, to remain firm on ship shortage

Freight rates for large dry cargo ships on key Asian routes, which hit three-year highs this week, could stay around the current levels or nudge slightly higher if shortage of vessels for prompt hire continued, brokers said. “It’s a good lead up to Christmas for the capesize market,” a Singapore-based capesize broker said on Thursday. [...]

By | December 8th, 2017|News|0 Comments

Dry Bulk FFA: Capesize Market Looking Bullish For the First Quarter of 2018

Capesize Index appears to be technically bullish above USD 20,626. However at USD 13,000 above the 200 period MA we are starting to look over extended. • Dec – A bullish trending environment but a large mean reversion gap with the 50 period MA is a concern. Market sellers should remain cautious with price action [...]

By | December 8th, 2017|News|0 Comments

Dry bulk: USGC Supramax freight rates hit 2017 high on rush to fix before Christmas

Supramax freight rates from the US Gulf Coast reached year-to-date highs on Wednesday, buoyed by a rush of activity as participants with December cargoes and vessels sought to fix ahead of the Christmas period. While fixing will continue over the holidays, activity traditionally slows to a trickle, leaving many participants looking to fix well in [...]

By | December 8th, 2017|News|0 Comments

First China-made ‘smart’ ship debuts in Shanghai

China’s first ‘smart’ ship embedded with a domestically-developed intelligent navigation system made its debut in Shanghai on Dec 5. The 179-meter-long ship, Great Intelligence, is 32-meters-wide and 15-meters-high, with a maximum loading capacity of 38,800 tonnes. It is installed with SOMS, a China-Developed marine system with autonomous learning ability and intelligent operation system. It can [...]

By | December 7th, 2017|News|0 Comments

ABS Executive Lays out Vision for Future of Shipping

ABS, a leading provider of classification services to the global marine and offshore industries, participated in the 2017 Marintec China conference in Shanghai, China, where ABS Executive Vice President for Global Marine Dr. Kirsi Tikka chaired a panel session on the marine industry’s journey to autonomy and the collective benefits realized along the way. “With [...]

By | December 7th, 2017|News|0 Comments

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