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So far Matrix Owner has created 468 blog entries.

Supertankers could change U.S. oil export game

The first oil supertanker, capable of carrying 2 million barrels of crude, was being loaded in Louisiana this week, signalling the next phase in the U.S. transition to becoming a major energy exporter. The tanker, ‘Shaden,’ was chartered by Shell Oil and is Saudi Arabian-flagged, according to a report by S&P Global Platts. The ship [...]

By | February 15th, 2018|News|0 Comments

Demolition Market Could Heat Up For Tanker Units Soon

Things could start to heat up in the ships’ demolition market, as more and more tanker owners are contemplating selling their older units. On the back of this trend, should Pakistan elect to uplift its ban on tanker imports, as is widely rumored among the industry, the market could firm up pretty quickly. In its [...]

By | February 15th, 2018|News|0 Comments

Depressed outlook for long-haul routes in chemical shipping market

Chemical shipping freight rates will weaken through 2018 due to the depressed outlook on overtonnaged long haul routes, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. The global chemical trade grew by a little over 4% in 2017, while overall tonne-mile demand expanded by almost 5%. Despite continuing [...]

By | February 15th, 2018|News|0 Comments

LNG Shipping: Asia’s soaring gas demand opens window for new LNG projects

Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years, opening opportunity for new production from East Africa to North America that had been deemed part of the overhang. Trade flows in Eikon show global liquefied natural gas (LNG) imports have risen 40 [...]

By | February 15th, 2018|News|0 Comments

Dry Bulk FFA: Capesize Market On Pause Mode Ahead of the Chinese New Year Holidays

Little has changed in the Capesize index since last week, the higher high would suggest the technical could be firming. However, we remain below the shorter period averages with the stochastic approaching 70 implying more needs to be done for the technical to be considered as bullish. From a futures perspective we remain below Fibonacci [...]

By | February 15th, 2018|News|0 Comments

China Breaks New Ground… Again

Chinese seaborne imports of iron ore, coal and crude oil have all grown strongly throughout 2017. Both seaborne imports of crude oil and iron ore have reached the highest levels ever recorded, while coal reached the highest level in three years. Imports of crude oil and coal have benefitted the shipping industry to the greatest [...]

By | February 14th, 2018|News|0 Comments

Dry Bulk FFA: Panamax Index In Bull Territory

Highlights: The index is now on wave 3 of wave C corrective move and starting to look overextended. The futures all remain in bull territory but in corrective phases. Based on Elliott wave analysis we are on leg 4 corrective waves. This would suggest that market pullbacks should in theory hold between the 38.2% and [...]

By | February 14th, 2018|News|0 Comments

Container ships: MPC making the difference in the equity chaos

In contrast to the worst stock market slump for nearly a decade, an owner of container ships managed to produce rather positive news. The private placement of MPC Container Ships has been successfully launched, even if the equity markets around the world suffered losses earlier this week. Last Tuesday, MPC announced a securities sale, through [...]

By | February 14th, 2018|News|0 Comments

Dry Bulkers’ Newbuilding Contracting Retreats After Recent Flurry

As the level of newbuilding contracting will be crucial for the sustained recovery of the dry bulk segment, it’s perhaps good news that the recent flurry of activity was met with a standstill over the course of the past week. In its latest weekly report, shipbroker Allied Shipbroking said that it was “another interesting week [...]

By | February 14th, 2018|News|0 Comments

Global Shipping Is On Course For Recovery In 2018, But All Eyes Are On Orderbooks

S&P Global Ratings believes that, in 2018, demand in the three main segments of the global shipping industry (dry bulk, tankers, and containers) will outstrip supply for the first time in several years. The lighter new vessel delivery schedule for 2018, compared with 2017, combined with our expectation of sustained imports of commodities, and longer [...]

By | February 14th, 2018|News|0 Comments

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