10 June 2021
The container and dry bulk shipping industries are breaking new records left, right and centre it appears, resulting in dry bulk owners enjoying unseasonably high profits, and container shipping carriers and tonnage providers delivering record high profits.
02 June 2021
Demand drivers and freight rates
A recent small and short spike in oil product tankers shows just how far the tanker market still has left to go on its recovery journey.
01 June 2021
Despite diverging pandemic paths in the world, global growth is forecast to reach 6% this year, according to the International Monetary Fund, following a 3.3% contraction last year. There are, however, still plenty of downside risks, especially as parts of the world are facing their worst coronavirus outbreaks to date and the prospect of a large part of the global population being vaccinated is still a long way off.
21 May 2021
BIMCO, the world’s largest shipping association, has elected Sabrina Chao of Wah Kwong Shipping Holdings Limited as President at the organisation’s online general meeting on Thursday 20 May 2021.
17 May 2021
This week, despite the rapidly escalating Covid-19 crisis across much of Asia, steel plate prices continue their upward trajectory once again for the second running week.
The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
15 April 2021
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.
11 March 2021
Despite low freight rates, very few crude oil tankers have been sent for demolition so far this year.
25 February 2021
After a down and up year in container volumes, the current logjams in the system and unbalanced trades will take months to resolve, allowing carriers to profit from high freight rates, and tonnage providers to enjoy lofty charter rates.
25 February 2021
After a turbulent year, low demand looks set to plague the market in the coming months combined with too many ships fighting for too few cargoes in both the crude oil and oil product segments.
24 February 2021
In many ways, shipping managed to dodge the worst bullet in 2020, as the nature of the crisis, its containment measures, and government stimulus around the world meant that global trade volumes were not hit as badly as global gross domestic product (GDP) or other even worse-performing sectors, such as services.