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How the Major Dry Bulk Commodities Drive the Freight Market into Q4
The world is in the midst of the second coronavirus wave and with that comes the natural question of how the current dynamics will play out for the dry bulk shipping market. Demand and the subsequent cargo flow of the major dry bulk commodities are critical for the freight market, as we enter the final quarter of the year.Iron ore…has without question performed well this year, on occasion even better than gold…
Tanker Scrapping on the Rise
One of the main contributors to the low tanker rates experienced during 2017 has been high fleet growth, particularly in the large crude tanker sectors, says a report from Teekay.
Asia Tankers-VLCC Rates to Remain Low on Tonnage Glut
Around 90 ships charter free for early September loading. Freight rates for very large crude carriers (VLCCs) on Asian routes will remain under pressure for at least the next month…
Asia Tankers-VLCC Rates Under Pressure on Oversupply
Charterers set to split VLCC cargoes if owners push rates higher. Freight rates for very large crude carriers (VLCCs) are coming under pressure from a build up in…
Asia Tankers-VLCC Rates Falling as Tonnage Outweighs Demand
Freight rates for very large crude carriers (VLCCs), which fell to five-month lows this week, are set to drop further as excess tonnage and an absence of port congestion weigh on the market…
Asia Tankers-VLCC Rates to Hold Steady
25 MidEast cargoes still to be fixed; VLCC rates fall to 4-month low. Freight rates for very large crude carriers (VLCCs), which hit a four-month low on Thursday…
Asia Dry Bulk-Capesize Rates to Hold Steady
Floor may have been reached on Western Australia-China rates; dry cargo demand could fall 5.4 pct in first quarter. Freight rates for large capesize dry cargo vessels…
Asia Tankers-VLCC Rates to Hold Steady
Unipec charters 20 VLCCs for West Africa, MidEast cargoes; China's oil demand to climb 3.4 pct this year - CNPC. Freight rates for very large crude carriers (VLCCs)…
Asia Tankers-VLCC Rates to Slide on Lower Cargo Volumes
34 VLCC MidEast cargoes fixed for early Jan -Reuters terminal; only nine fixed so far for mid-Jan. Freight rates for very large crude carriers (VLCCs), which hit a new nine-month high this week…
Asia Tankers-VLCC rates to Slip from Eight-Month Highs
Rates gain 10 Worldscale points in a week; but rates in 2017 may be lower than this year -Bancosta. Freight rates for very large crude carriers (VLCCs) may slip…
Asia Tankers-VLCC Rates Steady, Owners Resist Further Cuts
Daily VLCC earnings fall to around $10,000; vessel deliveries, shorter voyages weigh on rates. Freight rates for very large crude carriers (VLCCs), which fell to multi-year lows on Thursday…
Asia Tankers-VLCC Rates to Fall but Bottom in Sight
VLCC owners sailing slower and idling vessels; slow market to continue into September. Freight rates for very large crude carriers (VLCCs), which hit multi-year lows on Thursday…
Asia Tankers-VLCC Rates to Hold, Ample Tonnage Weighs
"Pure" chartering market with little disruption. Rates to hold around W45 for Middle East; W48 for West Africa. Freight rates for very large crude carriers (VLCCs)…
Negative Outlook for Global Shipping Industry: Moody’s
Moody's Japan K.K. says that its outlook for the global shipping industry over the next 12-18 months is negative. "The negative outlook reflects our expectation that earnings will worsen…
Moody's Lowers 2016 Outlook on Global Shipping
Moody's Investors Service has changed its outlook on the global shipping sector to negative as it expects supply growth to outpace demand growth in 2016 by more than 2 percent…
Boxship Fleet Growth is Slowest in 25 Years
Global container ship capacity is expected to increase by 4.6 percent in 2016, the slowest growth rate in more than 25 years, giving some relief to an industry hammered by oversupply…
Tanker Rate Spike Dents Efforts to Store Oil Glut at Sea
Record high freight rates are creating more headaches for traders looking to house millions of barrels of unsold crude oil and who already face potential losses due to record high stocks.
ABS' Wiernicki: The Head of Class
The Head of Class: Christopher J. The global maritime industry faces myriad challenges in the ongoing quest to run safe, profitable operations in an oftentimes tumultuous environment. More than ever vessel owners are faced with daunting regulatory and technical challenges, and the world’s leading classification societies remain the foundation upon which successful marine operations are built. Last month we visited with Christopher J.
Asia Dry Bulk-Capesize Rates Impacted by China Holidays
Weak holiday demand to pressure rates lower. Rebound seen after China returns to market on Oct 8. Freight rates for capesize bulk carriers could come under pressure…
The Hour of the Wolf for Panamaxes - Platts Report
Shipowners operating in the trans-Atlantic dry bulk market, where prices have been plumbing two-year lows on the back of acute vessel oversupply and shifting patterns in minerals demand…
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