News

Firmer capesize rates lift Baltic index

March 3rd, 2018|0 Comments

The Baltic Exchange’s main sea freight index , tracking rates for ships carrying dry bulk commodities, gained nearly 1 percent to rise for a third straight session on Friday, driven by firmer rates for capesize [...]

Dry Bulk FFA: Capesize Index In Pullback Mode

March 3rd, 2018|0 Comments

Highlights: The capesize index remains in range in a bearish to neutral environment as the EMA’s have now started to flatten. The pullback in the March futures below USD 15,870 has put the technical into [...]

US Shale Oil And Shipping: Expect The Unexpected?

March 3rd, 2018|0 Comments

Sometimes in shipping, as in life, things come along that nobody really expects. US shale/tight oil production, which was barely on the radar ten years ago, seems to be one of those things. The most [...]

Oil Traders Make Sea Odyssey as Gasoline Criss-Crosses Globe

March 3rd, 2018|0 Comments

Over the course of March, the oil tanker Nave Pyxis will slice through the Pacific Ocean as it makes an unusual journey of about 8,000 miles from China to Mexico. Its cargo: almost 300,000 barrels [...]

LNG Shipping Market Fundamentals To Improve Says Shipowner

March 3rd, 2018|0 Comments

Shipowners active in the LNG shipping segment are looking forward to a further improvement in market conditions as a result of more balanced fundamentals. In a recent note, shipowner Flex LNG said that “the LNG [...]

Bunker fuel buyers face dilemma of spot or contract deals from 2020

March 3rd, 2018|0 Comments

Bunker fuel buyers have a dilemma over deciding whether to undertake term contracts or operate on the spot market from 2020 when the International Maritime Organization’s 0.5% sulfur cap is introduced. BP said last week [...]

Better days ahead for VLGC shipowners

March 1st, 2018|0 Comments

A slowdown in fleet growth should begin the recovery cycle from the second half of 2018, although freight rates will not reach the levels seen during the bull run of 2014-15, according to the latest [...]

3.5m DWT Tankers Scrapped in 2018 so far

March 1st, 2018|0 Comments

Tanker scrapping slowed in 2015 due to three key factors: Stronger spot market returns, low price being offered by buyers at the recycling yards, and the demand to store oil following the price collapse in [...]

Caribbean Fundamentals Pressure Demand

March 1st, 2018|0 Comments

Tanker Market Outlook, we explained our future expectations of weaker Aframax demand along the Caribbean > US Gulf trade, which accounts for roughly 4.7% of total sector ton-mile demand. In January, we stated “On the [...]

India: Methanol to be promoted as shipping fuel

March 1st, 2018|0 Comments

The use of methanol will soon be promoted as a fuel for shipping in the place of diesel, which could help address the problem of pollution in the shipping industry, Union Minister of Shipping and [...]

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THE BUNKER BOOK XI 

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We have started taking orders for our inaugural edition which will be published and circulated from July, 2017. The e-copy (electronic format, PDF file) directory comes in a user friendly/handy pen drive (Credit card shape, 8 GB USB stick) will be published annually in the month of August every year.
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