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Asia Dry Bulk-Capesize rates to fall as cargo dries up before holidays

Freight rates for large dry cargo ships on key Asian routes could slide further from multi-week lows as chartering activity thins during the holiday season and abundant tonnage for January weighs on rates, brokers said. Capesize rates from Brazil to China have dropped by $4 per tonne in the last week, equivalent to a daily [...]

By | December 22nd, 2017|News|0 Comments

Blockchain Craze In Shipping Industry: Technology Can Cut Costs by $27 Billion Annually

The era of containers equipped with Internet of Things (IoT) sensors that automatically check the related data is arriving. Denmark-based Maersk Line, a shipping giant in the global market, joined hands with IBM in March to apply the blockchain technology to its logistics systems. The company plans to make all the routes of 10 million [...]

By | December 22nd, 2017|News|0 Comments

New Sri Lanka shipping service with Yangon, Chennai

A dedicated feeder shipping service connecting Sri Lanka’s Colombo port with Yangon in Myanmar and Chennai, in south India, has commenced. The first vessel under the new service, MV Sea Pearl, made her maiden call at the Sri Lanka Ports Authority (SLPA) controlled Jaya Container Terminal (JCT) on Monday, a statement said. “Our main goal [...]

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

Demolition market looking for some action ahead of 2018

With the dry bulk market on recovery mode, ship recycling yards and cash buyers are scrambling to attract more deals. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there certainly appears to be some division between what some of the cash buyers are offering and the resale levels from the actual recyclers. [...]

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

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

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