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So far Matrix Owner has created 309 blog entries.

Hong Kong LSMGO charts biggest 1-day rise on tight supply, switch in benchmark gasoil grade

Tight supply, as well as a switch in the grade of Platts benchmark gasoil assessment, has seen Hong Kong’s low sulfur marine gasoil prices rocketing up in the first week of 2018. LSMGO for delivery in Hong Kong soared $30.50/mt to be assessed at a seven-week high of $626.50/mt Thursday, with the single-day rise the [...]

By | January 6th, 2018|News|0 Comments

Capital Controls Have Had Negative Impact on Capital Inflows from Shipping, says Bank of Greece President

It is a great pleasure for me to be with you today, especially since this year has been proclaimed “Year of Shipping” for the EU and marks the entry of the Union of Greek Shipowners into its second century, after it celebrated its centennial last year. I will start my speech with an overview of [...]

By | January 6th, 2018|News|0 Comments

LNG Shipping’s Recovery on the Way

2018 is shaping up to be a major year in the future of the LNG shipping segment’s recovery. According to prominent LNG shipping company Golar LNG, the shipping market recovery is underway. In fact, the company said in a recent note that “shipping demand has exceeded supply growth for the first time since 2013. Demand [...]

By | January 5th, 2018|News|0 Comments

NYK: Toward a New Target with All the Group’s Might

The following is an excerpt from the New Year’s speech made by NYK president Tadaaki Naito as business opened for 2018 at the company’s head office in Tokyo. Excerpt from the speech I would like to wish everyone a happy new year. At the start of 2018, I would first like to talk about the [...]

By | January 5th, 2018|News|0 Comments

Dry bulk: Capesize freight rates continue upward trend

While the market started off on a rather quiet note, freight rates for the Asia Pacific and Atlantic Capesize routes continued to surge Thursday as industry sources witnessed a flurry of trades later in the day. A ship operator source tracking the Capesize market expected the market to continue trending upwards and said “the market’s [...]

By | January 5th, 2018|News|0 Comments

Moore Stephens: Optimism outweighs pessimism for shipping in 2018

According to a recent study, pessimists live longer than optimists, and shipping is short of neither. But the industry has always valued longevity as well as new blood, and it certainly ended 2017 in more optimistic mood than it closed the previous year. Oscar Wilde said it is always best to borrow money from pessimists, [...]

By | January 5th, 2018|News|0 Comments

ULSD CIF NWE cargoes hit 12-week low on Baltic volume, seasonal weakness

CIF NWE diesel cargoes took a battering Wednesday as a record volumes from the main diesel export location of Primorsk pressured the market at a time when seasonal demand weakness typically prevails. CIF NWE cargoes were assessed at just 25 cents above the January ICE low sulfur gasoil futures contract, the lowest since October 11, [...]

By | January 5th, 2018|News|0 Comments

BIMCO’s Peter Sand: 2017 Was Year Of Change In Shipping – Caution Required In 2018

2017 was a year of change. Much of it for the better, but a cautious approach is still needed for 2018 to maintain the progress already achieved. Economic growth has accelerated in Europe, Asia and the Americas since mid-2016, and the IMF now expects the global GDP growth rate to raise slightly in 2018 to [...]

By | January 5th, 2018|News|0 Comments

Product Tanker Dynamics in Constant Shift

Ship owners active in the product tanker market are looking to capitalize on constantly evolving market dynamics, but a lot of insight will be needed, together with good market reflexes. In a recent weekly report, shipbroker Gibson said that “for many years the main driver behind the Atlantic product tanker market was gasoline trade into [...]

By | January 4th, 2018|News|0 Comments

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