7 posts published
Massive investments in offshore windfarms in Asia will generate opportunities for southeast Asian OSV owners, while Qatar gas expansion presents best near-term work in the Middle East. Read more in Riviera
Low Carbon Shipping Outlook Suggests Industry Will Need to Do More to Meet GHG Targets — ABS has published the latest trends and projections on carbon-reduction strategies for shipping as the industry looks to meet decarbonization ambitions. Read more here
Depleted inventories and ecommerce demand will continue to support containerised freight demand. Box shipping is benefiting from high demand and constrained supply. But even if consumer spending patterns revert to type, the sector can expect the new normal of higher rates to remain in place. “We expect healthy trade volumes to persist over the rest … Continue reading Carriers set to benefit well into next year →
Capesize rates are back up following a two-day descent late last week as iron ore futures surged to $226 per tonne on the back of formidable demand from China. “The supply of iron ore continues to be in deficit in relation to demand, thanks to China’s “robust” steel consumption, coupled with strong recovery in other … Continue reading High iron ore price halts capesize retreat →
As vaccination programmes bring some hope, the pace of recovery in the tanker freight market is likely to remain slow as new coronavirus outbreaks in some countries present a significant risk. Any near-term recovery will likely to be hampered by the reduction in extraordinary factors influencing fleet availability, such as floating storage demand seen last … Continue reading Tanker market fundamentals remain weak →
Disruption from the Suez blockage has done little to aid supply chain bottlenecks in Europe, while transpacific trade marches on abundantly amid the ‘greatest re-stocking cycle on US record’. Market fundamentals continue to drive freight rates to unprecedented levels, with a return to so-called ‘trade normalisation’ taking longer than anticipated. Analysts do not expect rate … Continue reading Demand boom drives box spot rates to yet new highs →
‘Orders for around 16 new very large gas carriers were placed in the first four months of 2021 compared with 13 for the whole of last year. The latest VLGC orderbook consists of 56 vessels as of end-April this year.’ Read more in Lloyd’s List