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2020 was always going to create a more complex fuel oil market as trade flows shifted and new grades emerged. The weekly tanker market report by Gibson Shipbrokers.
The International Maritime Organization (IMO) has released guidance for cases when COVID-19 results in unforeseen delays in the delivery of newbuild bulk carriers and oil tankers originally scheduled to be delivered before 1 July 2020. The guidance is particularly relevant to shipbuilders, equipment suppliers, shipowners, surveyors and service engineers.
Chinese iron ore imports fell to 88.5 million tonnes in July, the lowest level since May 2020.
The International Maritime Organization (IMO) has issued a set of important amendments to the International Convention for the Safety of Life at Sea (SOLAS), as well as various codes mandatory under the Convention. The changes will enter into force on 1 January 2020 and can be viewed below.
Tonne mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020.
The Panama Maritime Authority (PMA) will continue to extend the Seafarer's Employment Agreement (SEA) until 14 September 2020. Thereafter, the provisions of the Maritime Labour Convention, 2006 (MLC,2006) as incorporated into the national legislation will have to be complied with.
The year 2021 has started in much the same way as 2020 ended for US container imports; import volumes are still surging.
Following the catastrophic falls of around USD 150/LDT during the second quarter of the year and with all subcontinent markets now securing tonnage at increasing numbers of late, the 2020 subcontinent recovery seems nearly complete. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Two weeks before 2020 ends, the newbuilding activity is sending out encouraging signals for the prospects of a recovery. The weekly newbuilding report by Intermodal Research & Valuations feature, include newbuilding prices for dry bulk-, tanker- and gas shipping segments. Additionally, recent newbuilding orders are listed by units, type, size, yard, expected delivery date and price.
Providing up to date information on the Asian gypsy moth season (AGM) 2020. ** ASIAN GYPSY MOTH IS NOW KNOWN AS FLIGHTED SPONGY MOTH COMPLEX ** Not all countries have introduced the new name yet, but BIMCO has decided to standardise on Flighted Spongy Moth Complex, abbreviated to FSMC.
