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Results for:Novation Agreement for the Transfer of Ownership
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1,427 Capesize journeys in the first twenty days of the year
20 January 2021The shipping number of the week provides members with a brief analysis of relevant developments in the shipping markets.
Record high container order book of 7.54 million TEU signals significant change
13 April 2023Despite the collapse in freight rates, shipowners still have an appetite for new container ship orders and the order book has continued to grow. The record high order book of 7.54 million TEU will result in significant changes to the container fleet in the coming years.
Ukraine exports reach 2.1 mln tonnes under grain deal, Russia raises fresh concerns
08 September 2022On 22 July, Russia and Ukraine signed an agreement to allow grain exports from three ports in Ukraine during a period of 120 days. On 7 September, Putin expressed concerns over the agreement, giving rise to uncertainty about its scope and renewal.
…and the winner of EURO 2020 is…
10 June 2021If EURO2020 was to be decided by shipping-related factors, who would come out on top?
Zero tonnes of Saudi crude oil imported by the US
14 January 2021The shipping number of the week provides members with a brief analysis of relevant developments in the shipping markets.
Ice reporting for 2023-2024 starts
13 December 2023The winter season 2023 has begun, and so we will be reporting on a weekly basis, including for the Baltic and Canadian regions .
Contracting of product tankers jumps 337% in the first half of 2023
26 July 2023The product tanker orderbook to fleet ratio has surged from 5.4% in December 2022 to 9.3% in June 2023, driven by a remarkable 337% y/y rise in contracting during the first half of this year. A spike in freight rates and product tanker demand is likely behind the surge in contracting.
Boost in orders for ships below 8,000 TEU drives order book to 17.3% of fleet
23 June 2022In October 2020, the order book for new container ships bottomed out at 8.4% of the combined trading fleet. For ships smaller than 8,000 TEU, the order book bottomed out one month later at 3.7% of the trading fleet, and only accounted for 18.2% of the total container order book. Interest in the smaller segments, however, is bouncing back after months of hibernation.
Crude oil tonne miles out of the Gulf of Guinea down 5.9% so far in 2022
22 September 2022Gulf of Guinea crude oil exports have year-to-date contributed 13.7% of VLCC’s tonne miles demand and 16.5% of Suezmaxes. A 13.5% y/y drop in Nigerian year-to-date crude oil output has been the main drain on demand and caused a 5.9% decline in tonne miles. A further decline in Gulf of Guinea exports can be expected from mid-2023 when Nigeria’s Dangote refinery begins operation – requiring a sizeable portion of the country’s crude oil – and possibly add to rate volatility.
