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Dry Bulk FFA: Capesize Market in Thin Trading

Capesize FFA Commentary: A very thin day for the paper market in terms of volume transacting but rates picked up as Cyclone Joyce was downgraded to a mere gusty breeze. This gave buyers confidence and with the Australian miners back in the market and c5 fixing back up at 6.10 pmt, the FFA market had [...]

By | January 13th, 2018|News|0 Comments

Strong winds to disrupt Istanbul weekend bunkering: sources

Strong winds are expected in the Eastern Mediterranean, particularly Istanbul, over the weekend but this has left suppliers divided as to the impact on bunkering activity. The Eastern Mediterranean is set to experience strong winds this weekend and the anchorages at Istanbul are vulnerable to strong winds which can create disruption, a trader said. Two [...]

By | January 13th, 2018|News|0 Comments

World seaborne coal trade rose 1.5 pct in 2017 – German importers

World coal seaborne trade increased by 1.5 percent last year due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity, German coal importers lobby VDKI said on Friday. VDKI (Verein der Kohlenimporteure), whose 70 member companies trade hard coal across the [...]

By | January 13th, 2018|News|0 Comments

Dry Bulk Shipping: 440 Newbuilding Bulkers are Scheduled for Delivery in 2018

The rally of the dry bulk market was undoubtedly one of the shipping industry’s highs during 2017. This was achieved on the back of a rebound in global economic growth, which in turn led to increased demand for dry bulk commodities around the world, but also as a result of restrain in terms of new [...]

By | January 13th, 2018|News|0 Comments

Is Shipmanagement Ready For Blockchain Technology?

Is the shipmanagement industry ready for the new wave of blockchain and cryptocurrency technology that is taking the world by storm? That is the question being posed by the international ship managers’ body InterManager, which will focus on this issue at its interactive Ship Management Forum next month. The conference, taking place in London on [...]

By | January 12th, 2018|News|0 Comments

Capesizes’ Rates Rallied 92% in 2017, Panamaxes’ at 64%

Dry bulk shipowners had longed for this period of time for more than nine years. It was late in 2008, when the market came tumbling down, amid a halt in world trade, as a result of the aftermath of Lehman collapse and its consequences in global economy. Shipowners will tell you though, that these dramatic [...]

By | January 12th, 2018|News|0 Comments

Dry bulk: Tight tonnage lifts US Gulf Coast Supramax market

Freight rates in the US Gulf Coast Supramax and Ultramax market surged this week, as a clear-out of tonnage following the Christmas holidays left charterers scrambling to fix their prompt requirements. The first signs of bullishness were felt late Monday and into Tuesday as participants reviewing their tonnage lists saw tight availability well into the [...]

By | January 12th, 2018|News|0 Comments

Baltic Exchange Looking to Develop New LNG Shipping Index

Following an approach by leading Baltic Exchange LNG shipbroking companies, the Baltic Exchange has formed the Baltic LNG Panellists Group. The move comes as the Baltic Exchange looks to develop a new Liquified Natural Gas (LNG) Index comprising several routes for the evolving LNG shipping market. Affinity, Braemar ACM, Clarksons and SSY are the LNG [...]

By | January 12th, 2018|News|0 Comments

Three reasons why maritime transport must act on climate change

For years, the transport sector has been looking at solutions to reduce its carbon footprint. A wide range of stakeholders has taken part in the public debate on transport and climate change, yet one mode has remained largely absent from the conversation: maritime transport. Tackling emissions from the shipping industry is just as critical as [...]

By | January 12th, 2018|News|0 Comments

LNG as a marine fuel – tipping points, step changes, blizzards, and snowballs

As we begin a new year, this feels like a natural point for reflection on the year that’s passed, as well as some projections for the 12 months ahead. One theme that pervaded every month of 2017 for the marine industry was 2020 – the 0.5% global sulphur cap looms large and has been the [...]

By | January 12th, 2018|News|0 Comments

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