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Market Insight

Our sector specialists have been examining the supply-demand factors of container, tanker and dry bulk markets regularly. Our aim is to look through rumours, noises and explain what the current market dynamics and future trends are. After all, markets are where shipping companies are making or losing their money.

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Containers: Charter rate

Latest From Charter rates

Carrier woes weigh on charter market

The idle boxship pool has continued to rise as carriers scale back on capacity

Containers Containers Data Hub

Capesize set for splurge in the second half of the year

Using July 2018 rates as a base, capesize spot rates could touch $45,000 per day at their seasonal peak, Arctic Securities estimates

International Dry Bulk

Rosy charter market clouded by carrier woes

Box lines dealing with a significant rise in operating costs while freight rates offer little support in terms of revenues

Containers Data Hub Containers

Bad weather and oversupply dampen capesize vigour

Rates may fall further, with Chinese demand — a key driver in the capesize sector — likely to remain subdued amid talks of trade conflicts
Australia China

Charter market sentiment stays strong

Rates head north amid fixture frenzy as carriers rush to secure tonnage needs from a dwindling idle fleet

Containers Charter rates

Charter market starts 2018 on firm footing

High fixture activity drives unseasonal rate boost and lifts confidence for the year ahead

International Containers
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Containers: Between the lines

Latest From Between the lines

Between the Lines: CMA CGM outperforms generally lukewarm third-quarter carrier results

Operational returns underperform carrier expectations, despite healthy demand growth

International Containers

Between the Lines: Fourth-quarter capacity overhang

Expected blankings to reduce capacity after the peak season have yet to materialise

Asia Pacific North America

Between the Lines: Asia-Europe capacity outlook

Short and long-term Asia-Europe capacity forecast shows blankings appear necessary

Asia Pacific Europe

Between the Lines: Capacity changes

Increasing vessel size on major trade lanes has led to a collapse in the number of services offered.

Containers Between the lines

Between the Lines: Alliances analysed II

We round off the alliance capacity injection analysis with the transatlantic trade

Containers Between the lines

Between the Lines: Alliances analysed

As the new alliances launch their new services, we take a deep dive into their network operations

Containers Between the lines
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Dry Bulk: Capesize

Latest From Capes

China’s record steel output supports cape rally

World’s largest steel-producing nation to keep iron ore imports high, with Brazilian grades favoured

Asia Pacific South America

Seanergy losses widen in the second quarter

Seanergy noted improved market conditions for the capesize segment in the third quarter

North America United States

Capes keep momentum on Brazilian iron ore demand

Higher steel prices encourage the use of better quality iron ore sourced from Brazil, adding to tonne miles

Dry Bulk Capes

Don’t count out cape scrapping despite bullish markets

The strong bulker markets may strengthen even further if owners start to send more ships to junkyards

International China

Capesize set for splurge in the second half of the year

Using July 2018 rates as a base, capesize spot rates could touch $45,000 per day at their seasonal peak, Arctic Securities estimates

International Dry Bulk

Capes continue to bask in the sun

Bullish runs of capes can last well into late 2018 as tonne-mile demand hits record high

Asia Pacific China
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Dry Bulk: Handies

Latest From Handies

New rules will keep a check on shipping supply growth

The new regulations will penalise poor performers and older ships, while benefiting stronger companies with high-quality ships, says Pacific Basin chief executive Mats Berglund

Hong Kong International

Five risks to check: Dry bulk shipping

Trade tensions, Chinese policies and supply disruptions may continue to affect market landscape even as fleet growth remains low

Asia Pacific China

Cape earnings up 66% on Australian and Brazilian iron ore exports

The latest cape rally in a volatile market has pushed up BDI to its highest in a month

China Brazil

China's imports help BDI to four-month high

The BDI is at the highest in almost four months thanks in part to a surge in capesize rates, which continues to be boosted by China’s import demand

Dry Bulk Market Insight

Iron ore and minor bulk demand growth to drive up bulker earnings

Coal imports to China and India could surprise to the upside but medium term prospects look better for smaller vessels

Asia Pacific China

Five things to watch: Dry bulk shipping

Forecast earnings in Lloyd's List survey rise as supply-demand balance continues to improve

China Dry Bulk
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Dry Bulk: Panamax

Latest From Panamax

Atlantic panamax rates shrug off Trump's trade war

Grain shipments from the US to Europe and parts of Asia alongside higher coal volumes moving to India are keeping panamax vessels nicely employed

Dry Bulk Political and Trade

McQuilling predicts lower earnings for most tanker trades in 2018

Weakest performer is forecast to be the Middle East Gulf-US Gulf VLCC trade amid rising US crude output

International Tankers and Gas

Five risks to check: Dry bulk shipping

Trade tensions, Chinese policies and supply disruptions may continue to affect market landscape even as fleet growth remains low

Asia Pacific China

Cape earnings up 66% on Australian and Brazilian iron ore exports

The latest cape rally in a volatile market has pushed up BDI to its highest in a month

China Brazil

BHP expects well-run bulker firms to take advantage of rate environments

Strong seaborne trade demand from China and rising bunker prices point to healthy freight earnings for bulker owners

Asia Pacific Australia

China-US trade tensions: more bark than bite for bulker owners?

Beijing’s curb on imports of US grains may shake global dry bulk trades

US States South America
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Dry Bulk: Ultra & Supras

Latest From Ultra and supras

New rules will keep a check on shipping supply growth

The new regulations will penalise poor performers and older ships, while benefiting stronger companies with high-quality ships, says Pacific Basin chief executive Mats Berglund

Hong Kong International

Eagle Bulk confirms ultramax deal

The 2014-built SDARI-64 type vessel is due to be delivered during the fourth quarter

North America United States

Five risks to check: Dry bulk shipping

Trade tensions, Chinese policies and supply disruptions may continue to affect market landscape even as fleet growth remains low

Asia Pacific China

Tidships makes $32m offer to buy Belships

Offer for Oslo-listed supramax owner pegged at NKr5.5 per share, a 10% premium to Tuesday’s closing price

Europe Norway

Cape earnings up 66% on Australian and Brazilian iron ore exports

The latest cape rally in a volatile market has pushed up BDI to its highest in a month

China Brazil

BHP expects well-run bulker firms to take advantage of rate environments

Strong seaborne trade demand from China and rising bunker prices point to healthy freight earnings for bulker owners

Asia Pacific Australia
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Tankers & Gas: LNG

Latest From LNG

MISC’s first-half profits sharply down with weak offshore and tanker earnings

Malaysian owner encounters ‘volatile and challenging’ market conditions but will continue business development, says chief executive Yee Yang Chien

Asia Pacific Malaysia

GasLog’s second quarter falls short on softer spot rates

Chief executive Paul Wogan says rates have rebounded since April trough and he sees improved earnings from spot vessels in future quarters

Europe Monaco

LNG orderbook worth $22bn

By the start of June, the 2018 orderbook stood at $6bn, according to Clarksons

Asia Pacific Europe

Ichthys to begin exporting condensate, LNG and LPG by the end of September

Australian offshore project will ship condensate, LNG and LPG in that order

Asia Pacific Australia

GasLog Partners sees LNG carrier shortfall despite surge in orders

Partnership cites ‘robust’ demand and says it has the liquidity to fund 14th acquisition

 
International Monaco

ExxonMobil sees role of LNG bunkering in multi-fuel future

Energy major calls on ‘like-minded’ people to find a way to make LNG as marine fuel commercially viable to more users

France Tankers and Gas
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Tankers & Gas: LPG

Latest From LPG

China’s tariff alters LPG flows, but earnings remain unscathed

Daily earnings of very large gas carriers stay above $20,000 with bullish demand from Asian countries

Middle East and Africa Asia Pacific

China spares crude in latest skirmish of trade war

Even if tariffs on US crude are to go ahead eventually, the overall impact on tanker markets could be negligible, according to DHT

China US States

VLGC earnings at highest level since early 2016

TCE of VLGCs have risen above $21,000 per day with further upside in the US Gulf expected

Middle East and Africa US States

Ocean Yield to maintain rapid pace of expansion

Oslo-listed lessor has spent more than $500m in ship investments per year since its 2013 IPO

Norway Dry Bulk

Epic Gas refinances five vessels

The company is now left with only one vessel to be refinanced prior to the loan expiry in November 2019

Singapore Tankers and Gas

Five risks to check: LPG shipping

Owners face obstacles on the journey to freight recovery as trade growth remains lacklustre

North America Asia Pacific
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Tankers & Gas: Products

Latest From Products

Torm’s net losses widen on weak earnings

Danish owner remains a strong performer but is not immune from general spot market weakness

Denmark Tankers and Gas

McQuilling predicts lower earnings for most tanker trades in 2018

Weakest performer is forecast to be the Middle East Gulf-US Gulf VLCC trade amid rising US crude output

International Tankers and Gas

Product tankers find strength in Pacific but stay listless in Atlantic

Pacific MR basket rate stays above $10,000 per day while Atlantic trades are weak on both European and US Gulf fronts

Asia Pacific Europe

Maersk Tankers makes digital shift with self-learning data

Danish operator keen to enhance operations using Big Data drive in tie-up with Boston-based partner CargoMetrics

Europe Denmark

OSG orders two non-Jones Act MR tankers

New York-listed owner books two product carriers with scrubbers at Hyundai Mipo Dockyard for $75m

North America United States

BW Group raises stake in Hafnia Tankers to 43.5%

BW Group will look for future synergies with the Danish shipowner, BW chief Carsten Mortensen said

Singapore Tankers and Gas
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Tankers & Gas: Suez & Aframax

Latest From Suez and Aframax

McQuilling predicts lower earnings for most tanker trades in 2018

Weakest performer is forecast to be the Middle East Gulf-US Gulf VLCC trade amid rising US crude output

International Tankers and Gas

NAT in wider losses amid low earnings and ship sales

Net losses of suezmax specialist nearly double on year as earnings dip below breakeven level

Norway Tankers and Gas

Hope and despair in the crude tanker segment

Doomsaying persists amid depressed market conditions, but Opec and Russia may come to the rescue

Middle East and Africa US States

The Interview: Paddy Rodgers

The Euronav chief executive has completed some of the largest deals in shipping this decade to push the Belgium-based tanker firm to become the industry’s top player. He believes bigger companies tend to serve their clients better
International Big Interview

Five risks to check: Crude tankers

The down cycle has turned out longer and deeper than originally thought amid oversupply of tonnage

Tankers and Gas Mid-Year outlook

Political forces curb tanker trades with Iran again

Recurring scenes for both crude and product tanker owners as sanctions hit Iran trades, while booming LPG trade could also suffer a blow

United States Iran
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Tankers & Gas: VLCC

Latest From VLCC

McQuilling predicts lower earnings for most tanker trades in 2018

Weakest performer is forecast to be the Middle East Gulf-US Gulf VLCC trade amid rising US crude output

International Tankers and Gas

Navios Midstream improves amid merger talks

Time-chartered VLCC fleet delivers increased revenues and profits in latest quarter

Navios Group Finance

Ship Finance sells three VLCCs to ADS

Frontline terminates the charter deals for the ships and will pay $10.1m compensation

Europe Norway

Hope and despair in the crude tanker segment

Doomsaying persists amid depressed market conditions, but Opec and Russia may come to the rescue

Middle East and Africa US States

The Interview: Paddy Rodgers

The Euronav chief executive has completed some of the largest deals in shipping this decade to push the Belgium-based tanker firm to become the industry’s top player. He believes bigger companies tend to serve their clients better
International Big Interview

Total very large crude carrier scrapping value could reach $1bn, says GMS chief executive

Weak freight earnings, firm demolition rates and tightening environmental regulations are boosting recycle volume

VLCC Ship Recycling
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