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All aboard for hedge funds as trade tide lifts shipping

Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are transported by sea and global shipping sectors, including dry bulk, are on course for a recovery this year after a [...]

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

New Greek LNG project FID slips to late 2018: partner GasLog

The timing of the final investment decision for the planned 6.1 Bcm/year floating LNG import facility at Alexandroupolis in northern Greece has slipped to late 2018, one of the project partners said late Friday, as the developers look to begin commercial operations at the project at the same time as other new gas import infrastructure. [...]

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

Tanker Shipping: Markets Under Massive Pressure From Low Demand Growth

The future of oil demand and subsequently of tanker demand is very much policy driven. It has been so in the past to some extent, but in coming years this will be more apparent. Demand BIMCO was surprised by the barely seen seasonality in tanker shipping where freight rates peak during the colder months in [...]

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

VLCCs’ on Slowdown Mode, as Tonnage Surplus in Middle East Almost Three Times Higher than 2015 Average

The VLCC tanker market has a long way to go, before it manages any sort of meaningful recovery. In its latest weekly report, shipbroker and tanker market specialist, Charles R. Weber said that “the VLCC market’s depressed state of affairs remained the defining characteristic of the market this week. Fresh demand in the Middle East [...]

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

China shipping goes green

With China framing public health as a basic human right, the country’s Marine Safety Administration is doing its part to curb the detrimental health effects of the shipping industry. In a recent white paper, the Chinese government emphasised its commitment to protecting the health and well-being of the Chinese people. “Prosperity for all is impossible [...]

By | February 19th, 2018|News|0 Comments

Bunker market in anticipation of upward correction

World oil prices fell significantly during the week. The latest selloff is the result of both oil-specific problems as well as equity market volatility. The rebound in the dollar and the stock market meltdown have pushed down oil/fuel indexes. Meantime, the surge in U.S. shale production to over 10.27 million barrels per day (bpd) last [...]

By | February 19th, 2018|News|0 Comments

Maersk’s CEO Can’t Imagine Self-Sailing Box Ships in His Lifetime

The chief executive officer of the world’s biggest shipping company says it’s unlikely container vessels will operate without humans in his lifetime. A.P. Moller-Maersk A/S has already pushed through enough cuts to reduce crew sizes in response to the spread of automation, CEO Soren Skou said in an interview. He says the workforce has now [...]

By | February 19th, 2018|News|0 Comments

An IMarEST information paper on the introduction of the fuel oil 0.50% m/m sulphur limit under regulation 14.1.3 of MARPOL Annex VI

The purpose of this information paper is to provide an overview of the upcoming change in the fuel oil sulphur limit to 0.50% m/m and to address some commonly asked questions. Regulatory situation Regulation 14.3.1 of MARPOL Annex VI sets a 0.50% max limit of the sulphur content in respect of all fuel oils used [...]

By | February 19th, 2018|News|0 Comments

Suezmax Tankers Could Witness Higher Freight Rates Despite Record Newbuilding Deliveries

Despite a high volume of newbuilding deliveries in the Suezmax tanker market over 2017 which led freight rates levels to average lows of $14,000/day, demand growth evolution could help return the segment back to growth. In its latest weekly report, shipbroker Gibson said that “crude tanker earnings across all sectors were challenged in 2017, not [...]

By | February 19th, 2018|News|0 Comments

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