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2020 IMO Sulphur Cap Could Benefit Product Tanker Demand

Product tankers’ long term potential could be heading for a limelight, but not until the end of the decade. In its latest weekly report, shipbroker Gibson commented that “undoubtedly, 2017 proved to be a very difficult year for the product tanker market, with earnings sinking to multi year lows on the back of rapid fleet [...]

By | April 10th, 2018|News|0 Comments

Growing fleet of gasoline off Europe’s coast threatens to sink profits

Gasoline stored in ships off Europe’s coast has ballooned to more than 400,000 tonnes, putting pressure on the continent’s traders to compete for buyers once summer demand starts. Several vessels have joined the three initially booked to store fuel off Europe’s ports in mid-March, and brokers said even barges have held cargoes of gasoline for [...]

By | April 10th, 2018|News|0 Comments

The polarized struggle among states for ambitious climate policy on shipping

As IMO’s critical meeting on climate change progresses, new research explores how around 25 key nations with a spectrum of positions jostle to influence the outcome. The IMO body responsible for climate policy, the Marine Environment Protection Committee (MEPC) meets in London April 9-13 to finalise its strategy. Crucially it will decide whether there will [...]

By | April 10th, 2018|News|0 Comments

Dry Bulk FFA: Panamax Index In Correction Mode

The Panamax index remains corrective with the 8 – 21 period EMA’s showing a bearish cross but remaining above the 55 period MA. Technically the Index is starting to look oversold with the short period RSI on the weekly now at 7. However, a lower low on the daily technical and an overbought medium term [...]

By | April 6th, 2018|News|0 Comments

A sustainable maritime industry in a 2°C scenario – has the ship already sailed?

Shipping has long been a fundamental enabler of trade, although its important role may go unnoticed. Think about where the clothes you are wearing were made and how they arrived here. What about your phone? How did its components all come together to reach your hand right now? It’s very likely that shipping played a [...]

By | April 6th, 2018|News|0 Comments

Shipping Worried As World Trade Tensions Escalate

Predictions about a freight market recovery in the dry bulk and container markets can be left high and dry, if the unexpected factor of a trade war comes to fruition. And as far-fetched such a notion seemed up to a couple of days ago, the events of this week suggest that nothing should be taken [...]

By | April 6th, 2018|News|0 Comments

Norway targets IMO to halve global shipping emissions by 2050

Global shipping should set a goal of halving greenhouse gas emissions by 2050, Norway’s government and shipowners’ association said on Thursday before talks by the International Maritime Organization (IMO) in London next week. Norway’s fleet is worth about $45 billion, the fifth most valuable in the world behind Japan, Greece, China and the United States. [...]

By | April 6th, 2018|News|0 Comments

Second Japanese shipping firm admits to cartel conduct in Australian court

Kawasaki Kisen Kaisha (9107.T) (K-Line) has pleaded guilty to criminal cartel conduct in the transport of vehicles, Australia’s competition regulator said on Thursday, the second Japanese shipping company to make such an admission. The conduct relates to the shipping of cars, trucks and buses to Australia between 2009 and 2012, according to the Australian Competition [...]

By | April 6th, 2018|News|0 Comments

Apr VLCC high sulfur fuel oil fixtures from NWE East drop on overloaded Singapore

The movement of European fuel oil to Asia has dwindled in April on a closed arbitrage, a well supplied Singapore market and an increase in VLCC freight rates, traders said. HSFO VLCC cargoes have been shifted from Rotterdam to the east so far in 2018 despite an uneconomical arbitrage as a lack of demand in [...]

By | April 6th, 2018|News|0 Comments

Multipurpose shipping eyes recovery

Multipurpose shipping has started 2018 on a confident footing and is forecast to recover further on rising demand, contracting vessel supply and lessening threats from competing sectors, according to the latest edition of the Multipurpose Forecaster and Annual Review report published by global shipping consultancy Drewry. The multipurpose shipping market, which comprises both breakbulk and [...]

By | April 5th, 2018|News|0 Comments

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