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So far Matrix Owner has created 297 blog entries.

BIMCO: Will the dry bulk industry become profitable in 2018?

As the dry bulk fleet is already expected to grow at a pace that matches demand growth expected in 2019, focus must be on improving the fundamental balance ahead of that. China’s imports, particularly of coal and iron ore, grew tremendously in 2017, and the second half of the year has been profitable for several [...]

By | December 21st, 2017|News|0 Comments

South Korea’s 380 CST bunker fuel price hits 3-year high on tight supply

The price of 380 CST bunker fuel in South Korea hit a three-year high Tuesday amid tight supply. At the Asian close Tuesday, 380 CST bunker fuel for delivery in South Korea was up $5/mt day on day to be assessed at $411.50/mt, the highest since December 10, 2014, when it was assessed at $414/mt. [...]

By | December 21st, 2017|News|0 Comments

Ships in a bottleneck: China, Australia ports clogged as coal, iron ore demand soars

More than 300 large dry cargo ships are having to wait outside Chinese and Australian ports in a maritime traffic jam that spotlights bottlenecks in China’s huge and global commodity supply chain as demand peaks this winter. With some vessels waiting to load coal and iron ore outside Australian ports for over a month, key [...]

By | December 21st, 2017|News|0 Comments

Global shipping industry’s US$231 Billion CAPEX needs far exceed combined market cap

The global newbuild ship orderbook has fallen to a historical low of 10% but the global shipping industry’s US$231 Billion CAPEX requirements remain enormous and far exceeds the combined US$191 Billion market capitalisation of all the world’s listed shipping firms. In 2018 alone, the global shipping industry will need US$114B capital to fund the newbuild [...]

By | December 21st, 2017|News|0 Comments

Newbuilding market on “Holiday” mode

The newbuilding ordering part of the shipping market has slowed down over the past few days, as the Holiday season nears. In its latest weekly report, shipbroker Allied Shipbroking noted that “with the holiday mood now taking hold of the market day by day, things have considerably loosened up this past week in terms of [...]

By | December 20th, 2017|News|0 Comments

Here Are Jefferies’ Top 13 Tanker Picks For 2018

It’s been a wild ride for many shipping stock investors over the past year, but Jefferies sees smooth sailing ahead for a number of tanker stocks in 2018. The Analyst Jefferies analyst Randy Giveans set Buy ratings for the following 13 tanker and LNG stocks: DHT Holdings Inc DHT 0.56%, $6 target. Gener8 Maritime Inc [...]

By | December 20th, 2017|News|0 Comments

Tankers: Latin American Products Imports: Heating Up Again?

In late 2016, the Tanker Outlook focussed on a slowdown in Latin American products imports growth, largely due to weak Brazilian demand. However, this trend appears to have reversed. Latin America is now expected to account for almost half of the expected increase in global products imports this year, despite representing only around 10% of [...]

By | December 20th, 2017|News|0 Comments

LNG Bunkering: A Small Market With Big Policy-Driven Potential

Global policies to cut shipping emissions could create massive new demand for LNG as a bunker fuel, with Europe in particular planning to invest nearly Eur2 billion ($2.4 billion) in LNG refueling infrastructure at both sea and inland ports to 2030. Some observers are saying LNG could displace up to 25 million metric tons a [...]

By | December 20th, 2017|News|0 Comments

China’s coastal coal freight rates edge higher on week as pace of growth slows

Freight rates for shipping coal from northern China’s Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou in eastern and southern China continued to climb up in the week to Tuesday, although at a slower pace than in previous seeks, port operator Qinhuangdao Port said Tuesday. The freight rate from Qinhuangdao to [...]

By | December 20th, 2017|News|0 Comments

Moore Stephens: Shipping confidence at highest level for three-and-a-half years

Shipping confidence held steady at its highest rating in the past three-and-a-half years in the three months to end-November 2017, according to our latest Shipping Confidence Survey. The average confidence level expressed by respondents was unchanged at the level of 6.2 out of 10.0 recorded in the previous survey in August 2017. Confidence on the [...]

By | December 20th, 2017|News|0 Comments

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