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Dry Bulk FFA: Supramax In Correction Mode

The index remains in a corrective phase but remains technically bullish on its moving averages. Upside moves from here would keep the bullish high low sequence intact. However, a close below USD 10,671 would create a lower high and lower low sequence on the Daily chart and be considered indicate downside continuation. The May futures [...]

By | April 21st, 2018|News|0 Comments

Bulkcarrier Earnings: How Far Have We Come?

Following the historically challenged market seen in 2016, earnings in the bulkcarrier sector improved substantially in 2017, with more positive demand side trends across a number of dry bulk commodities seeing the erosion of some excess capacity. Trends in 2018 so far have been mixed, so just how far along the road to rebalancing has [...]

By | April 21st, 2018|News|0 Comments

U.S. sorghum armada U-turns at sea after China tariffs

Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shipping data showed. Sorghum is a niche animal feed and a tiny slice of the billions of dollars in [...]

By | April 21st, 2018|News|0 Comments

The Ceiling On Economies Of Scale In Container Vessels

January 2018 was a record month for new vessel deliveries, with shipping lines seemingly intent on continuing to order new, bigger ships. As a result, the active total fleet deployed has increased by some 10.8% in the last year, and to date it is now just under 21 million TEU. New, larger tonnage is expected [...]

By | April 21st, 2018|News|0 Comments

Ship owners Active on Specialized Product Markets Are Finding Themselves Cornered These Days

The market for specialized trades has taken a turn for the worst of the past period, as a result of negative fundamentals. In its latest report, shipbroker Intermodal noted that “the return of traders and charterers from the Easter festivities came along with a slight increase in activity across the edible oil markets. However, in [...]

By | April 21st, 2018|News|0 Comments

Mexico’s Clean Imports on the Rise

The Caribbean refining sector remains under pressure with recent market reports indicating that utilization declines have exceeded the typical seasonal decline for this period. JBC Energy estimates that Mexican refinery utilization dipped to a low of 33% in February, from a high of 65% in July 2017, amid lower crude throughputs at six Pemex refineries [...]

By | April 20th, 2018|News|0 Comments

Shipping Market Overview: Spring 2018

Six months ago we described the shipping markets as experiencing “improvements filtering through after hitting rock bottom in 2016”. This trend has continued with the ClarkSea Index averaging $10,767/day in 2017, up 14% y-o-y, but still 8% below trend since the financial crisis. The bulkcarrier and container market picked up significantly, with earnings increasing 77% [...]

By | April 20th, 2018|News|0 Comments

Soya Bean Trade Lanes May Change Due To The Ongoing Trade War

The shipping of soya beans from the US to China is one of the most significant ‘one commodity’ cargoes that may become affected by the trade war between the US and China. Soya bean trade lanes will be affected if the Chinese buyers shy away their traditional suppliers because of the extra cost from the [...]

By | April 20th, 2018|News|0 Comments

Huge disruptions coming with 2020 low-sulfur shipping rule – IEA

The shipping industry and oil refineries are not doing enough to prepare for new rules cutting the amount of sulfur that vessels can emit from 2020, according to the head of the International Energy Agency’s (IEA) oil industry and market division. The new rules drastically cut the amount of sulfur that the world’s ships can [...]

By | April 20th, 2018|News|0 Comments

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