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So far Matrix Owner has created 447 blog entries.

Dry Bulk FFA: Capesize Index Remains on Bearish Territiry

Technically the index remains in bearish territory as it is below its medium term moving average. However, price action itself has now made a new high and this is a bullish signal. Downside moves that hold above the USD 11,189 support would be considered as technically bullish based on the recent market high. Below this [...]

By | February 13th, 2018|News|0 Comments

Spot rates: will they follow the year of the Dragon or Monkey?

Container spot rates follow a familiar boom and bust trend before and after Chinese New Year. Drewry examines recent trends to give a clue to the future direction of rates when Year of the Dog celebrations commence. That container spot rates have increased since the start of year should not be a surprise to anyone. [...]

By | February 13th, 2018|News|0 Comments

Baltic index drops on lower demand for panamaxes, smaller vessels

The Baltic Exchange’s main sea freight index edged down on Monday, falling for the first time in five sessions due to lower demand for panamaxes and smaller vessels ahead of the Chinese New Year that is also expected to weigh on demand. The overall index, which factors in rates for capesize, panamax, supramax and handysize [...]

By | February 13th, 2018|News|0 Comments

VLCCs on Firmer Ground as Middle East Fixtures Rose by 82% on the week

The VLCC tanker market was on a high over the course of the past week, as a result of increased demand for cargoes from the Middle East. In its latest weekly report, shipbroker Charles R. Weber noted that “a strengthening of demand in the Middle East market this week halted the downward rate trend of [...]

By | February 13th, 2018|News|0 Comments

EU antitrust regulators to fine NYK, Wilhelmsen, other car shipping firms – sources

EU antitrust regulators are set to fine Nippon Yusen KK (NYK) and several other Japanese shippers as well as Norwegian Wallenius Wilhelmsen Logistics ASA (WWL) in the coming weeks for rigging bids for shipping cars, according to people with knowledge of the matter. The EU sanctions follow a near six-year investigation which started with dawn [...]

By | February 13th, 2018|News|0 Comments

DNV GL in Greece: Showcasing new tools and services at the cutting edge of digitalization

In a Press Conference that took place recently at DNV GL’s Piraeus offices, Regional Manager, Mr Ioannis Chiotopoulos, and his management team presented DNV GL’s new and updated digital tools and demonstrated how the classification society was using these to achieve the best outcomes for its customers. “We are proud that our organization has become [...]

By | February 13th, 2018|News|0 Comments

Dry Bulk Market On Firmer Ground

Capesize A switch to the Atlantic with rates firming as charterers seemed keen to fix and tonnage was tight, prompting a recovery in rates. Transatlantic coal runs were paying near the mid-teens for standard capes with rates tipping over US$9.00 for the Colombia/Continent coal run. Charterers with INL breach cargoes had to pay a hefty [...]

By | February 12th, 2018|News|0 Comments

Tanker Ship Owners Are on Consolidation Mode

As tanker freight rates are still reeling under the pressure of oversupply of tonnage, more and more tanker owners are entering consolidation mode, in a bid to improve economies of scale and avoid financial problems. In its latest weekly report, shipbroker Gibson said that “just before Christmas last year, the tanker market was greeted with [...]

By | February 12th, 2018|News|0 Comments

Container shipping: More mergers, better mergers

A few precepts can help industry players better manage mergers and the integration process. The container shipping industry is expected to continue to struggle with overcapacity and an inability to deliver value to shareholders. As container lines search for successful paths forward, they need to first determine what their strategy and potential role in the [...]

By | February 12th, 2018|News|0 Comments

Maersk profit miss puts CEO’s shipping route under scrutiny

A.P. Moller-Maersk’s decision to focus on transport and jettison oil was put under pressure on Friday as the world’s largest container shipping firm missed profit forecasts. Although Maersk’s chief executive Soren Skou said he remained positive about the outlook for global trade, the company’s shares was down 2.9 percent to 10,060 Danish crowns by 0925 [...]

By | February 12th, 2018|News|0 Comments

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