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Dry cargo fixture and market reports dated 3 September 2019

04 September 2019

Capesize: Increased fixing activity was heard today coming from both the Atlantic and Pacific basins. In Asia the C5 West Australia to China heard trades from major miners and trader operators all above the $11 C5 level which marked a significant lift from last done levels. The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The daily dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.

Record high seaborne US crude oil exports in June 2019

27 August 2019

The highest US crude oil exports to China in 11 months lifted total seaborne US crude oil exports to a record high at 11.9 million (m) tonnes in June 2019.

Dry cargo fixture and market reports dated 12 August 2019

13 August 2019

Capesize: Despite the holidays in Asia there was a firmer feel to the market in both the Atlantic and Pacific, but obtaining firm details as ever was a challenge. The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The daily dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.

ReCAPP ISC Guidance on Abduction of Crew in the Sulu-Celebes Seas and Waters off Eastern Sabah

26 July 2019

This Guidance consists of advisory on the measures to be taken by the ships transiting the area, including contact details and the Notice to Mariners (NOTAM) issued by the Philippines and Malaysia.

Tonne miles from US crude oil exports drop dramatically in April

27 June 2019

April was a disappointing month for the crude oil shipping industry with a dramatic fall in US crude oil exports which caused tonne mile demand to fall disproportionally.

Tanker market report dated 7 June 2019

18 June 2019

China officially increased tariffs up to 25% on $60 billion of US products from 1st June, following the US decision to increase tariffs on $200bn/year of imports from China to 25% from 10th May. Chinese imports of nearly every US energy commodity now face a tax of up to 25%. Crude is exempt, but China’s imports of US crude have fallen dramatically anyway since the 2nd half of 2018. Despite the trade conflict, US crude exports continue to grow. The loss of trade to China is being offset by higher shipments to other Asia Pacific countries and Europe. Similarly, Chinese crude imports continue to increase, with US barrels being replaced from multiple sources. As such, up until now the impact of US-China trade conflict on the crude tanker market has been very limited, although undoubtedly there would have been stronger long haul VLCC demand, if China had continued buying US crude. The weekly tanker market report by Gibson Shipbrokers.