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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.

Containers: Charter rate

Latest From Charter rates

Winter slack season subdues box charter market

Although brokers are reporting little action in the market, charter rates remain stable across most ship sizes with only marginal variations being seen on certain fixtures

International Containers

Genco sees a strengthening dry bulk market

The dry bulk carrier owner has installed scrubbers on 12 of its 17 capesize vessels, representing a 71% completion rate

Dry Bulk Charter rates

Container shipping charter market resilient ahead of seasonal slowdown

Demand is proving particularly resilient in the larger sizes, with further tonnage being fixed on long-term charters, according to Alphaliner

International Containers

Two-tier box charter market extends through mid-year

With larger tonnage in demand to cover scrubber retrofits, a two-tier charter market has been created, with vessels in excess of 6,000 teu commanding increasing rates as smaller ships lose ground

International Containers

Trade war dims charter market sentiment

Owners will have to withdraw transpacific capacity if proposed tariffs come into effect, leaving chartered tonnage due for expiry in 2019 heavily exposed, according to MSI analysts Daniel Richards

Containers International

Costamare eyes surge in rates for larger boxships

Costamare’s latest earnings report highlights the lift-off in post-panamax boxship rates in recent weeks with several stand-out fixtures amid good fundamentals of low supply and strong demand

International Costamare
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Containers: Between the lines

Latest From Between the lines

Between the lines: Information blackout

Carriers’ point-to-point online tools still leave much to be desired

International Containers

Between the lines: Ultra large tonnage impacts Asia-Europe trade

The liner industry is braced to receive around 400,000 teu of ‘mega vessel’ capacity this year, which is destined for the Asia-Europe trade, and a further 600,000 teu in 2020

Asia Pacific Europe

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
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Dry Bulk: Capesize

Latest From Capes

Closure of Indian mines to drive new demand for iron ore trade

India will have to import at least 10m tonnes of iron ore next year to meet its domestic demand

India Dry Bulk

Fundamentals trip up dry bulk market yet again

While earnings have remained at healthy levels moving into the final quarter of the year, this has little to do with market fundamentals, says BIMCO

Dry Bulk Capes

India commissions new iron ore terminal at Paradip port

The high load rate is expected to significantly reduce the preberthing delays at Paradip port

India Dry Bulk

Chinese coal import restrictions hurt bulk carrier demand

This development has dealt a blow to the capesize and panamax segments as owners were preparing for the upcoming winter stocking activities in China

China Dry Bulk

Cleaves takes gloomy outlook on dry bulk

The analyst has reduced the general rating for dry bulk to ‘hold’ from ‘buy’ 

Dry Bulk Capes

Genco sees a strengthening dry bulk market

The dry bulk carrier owner has installed scrubbers on 12 of its 17 capesize vessels, representing a 71% completion rate

Dry Bulk Charter rates
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Dry Bulk: Handies

Latest From Handies

Fundamentals trip up dry bulk market yet again

While earnings have remained at healthy levels moving into the final quarter of the year, this has little to do with market fundamentals, says BIMCO

Dry Bulk Capes

VLCCs and Japanese-built handysizes best bet for asset plays

Limited opportunities for asset plays in the past 10 years, as well as the current cautious approach to investment in the next generation of new ships, suggests that certain sectors may spike in the next two to three years

Asia Pacific Dry Bulk

Dry bulk geared segment to benefit from IMO 2020

Mr Hashim noted that about 32.16m dwt of tonnage in the geared vessel segment is more than 20 years of age. These vessels are most likely candidates for scrapping

Asia Pacific Dry Bulk

Shrinking fleet may aid smaller dry bulk segment

The dry bulk sector should end the year at least 10% higher on the Baltic index compared with 2018, said Western Bulk’s managing director in Singapore, Vivek Kumar

Dry Bulk Handies

Pelita Samudera Shipping adds to fleet with handysize from IMC

The company has expanded aggressively in the past year, boosting capacity almost eightfold to 234,000 dwt from just 31,000 dwt in early 2018, and planning to purchase two new tug and barge pair sets in the second half of this year on the back of an expected continued increase in coal shipment demand
Indonesia Asia Pacific

Clipper Bulk adds handysizes to fleet

Copenhagen-based company says the 2010-built vessels are expected to be delivered in the coming months

International Dry Bulk
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Dry Bulk: Panamax

Latest From Panamax

MOL orders next-generation coal carriers

The group anticipates ongoing orders for EeneX vessels and expects them to play a leading role in its coal carrier business

Japan Dry Bulk

Closure of Indian mines to drive new demand for iron ore trade

India will have to import at least 10m tonnes of iron ore next year to meet its domestic demand

India Dry Bulk

Fundamentals trip up dry bulk market yet again

While earnings have remained at healthy levels moving into the final quarter of the year, this has little to do with market fundamentals, says BIMCO

Dry Bulk Capes

Chinese coal import restrictions hurt bulk carrier demand

This development has dealt a blow to the capesize and panamax segments as owners were preparing for the upcoming winter stocking activities in China

China Dry Bulk

Russia key to global seaborne coal market

By 2040, Russia is expected to overtake Indonesia as the biggest exporter of coal, as the Southeast Asian country’s thermal coal production stagnates, according to the International Energy Agency

Asia Pacific Dry Bulk

Platts unveils time charter indices for scrubber and non-scrubber bulk carriers

The vessel speed and consumption used in these TCE calculations are derived by market survey and reflect market practice for vessels using the low-sulphur fuel

Dry Bulk Environment
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Dry Bulk: Ultra & Supras

Latest From Ultra and supras

Fundamentals trip up dry bulk market yet again

While earnings have remained at healthy levels moving into the final quarter of the year, this has little to do with market fundamentals, says BIMCO

Dry Bulk Capes

Indonesia nickel ore export ban hits supramax rates

Rates on voyages from South China via Indonesia back to South China, fell as low as $11,031 per day on Friday, a decline of 14% compared with the levels seen a week ago

Indonesia Dry Bulk

Platts unveils time charter indices for scrubber and non-scrubber bulk carriers

The vessel speed and consumption used in these TCE calculations are derived by market survey and reflect market practice for vessels using the low-sulphur fuel

Dry Bulk Environment

Pacific Basin to raise up to $175m with bond sales

The bonds will mature in December 2025 with a bondholder’s put option in December 2023
Hong Kong Pacific Basin

Bulker newbuilding orders at second-lowest level on record since 2001

Freight market uncertainty, short- and long-term costs from regulations are the main reasons holding back owners from ordering new ships

Dry Bulk Capes

Shrinking fleet may aid smaller dry bulk segment

The dry bulk sector should end the year at least 10% higher on the Baltic index compared with 2018, said Western Bulk’s managing director in Singapore, Vivek Kumar

Dry Bulk Handies
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Tankers & Gas: LNG

Latest From LNG

Canada approves Chevron’s bid to export LNG from Kitimat project

The Chevron-operated project comprises upstream resource assets in the Liard and Horn River basins in northeast British Columbia, the 471-km Pacific Trail Pipeline, and a natural gas liquefaction facility at Bish Cove near Kitimat

Tankers and Gas LNG

Ethane to feed China’s gas shipbuilding ambition

Chinese shipbuilding content is an expected feature of bilateral ethanol and LNG trade talks

Tankers and Gas Shipbuilding

South African operator rejects criticism of LNG

The owner of South Africa’s first LNG bunkering terminal has called into question the motives of those in the shipping industry who criticise the fuel

South Africa LNG

K Line and FueLNG team up on LNG bunker

K Line says the partnership will combine its shipmanagement and LNG transport experience with FueLNG’s bunkering expertise

Shipbuilding Bunkers

Mozambique LNG signs off on $400m development loan

The Mozambique LNG project is ‘largely de-risked’ since almost 90% of the production is already sold through long-term contracts with key buyers in Asia and Europe, according to the venture’s operator Total

Tankers and Gas LNG

TEN eyes ‘strongest’ tanker market for years

The Greece-based owner’s upbeat outlook came after third quarter of the year results took TEN to a net income of $2m for the first nine months of 2019

International Tankers and Gas
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Tankers & Gas: LPG

Latest From LPG

BW LPG chief Martin Ackermann steps down

Ackerman cites family reasons for going after more than four years at the helm

Tankers and Gas LPG

Petredec takes two more 22,000 cu m ethylene ships

Two exercised optional vessels will be delivered in May and September 2022

Tankers and Gas LPG

DNV GL introduces class rules for using LPG as an alternative fuel

The new rules cover internal combustion engines, boilers and gas turbines for both gas-only and dual-fuel operations

Classification Fuels

VLGC spot rates rise to five-year high

Renewed levels of charter inquiry in the Middle East Gulf drove the rise

Tankers and Gas Freight rates

Epic Gas sees positive fundamentals in LPG sector

The company made a loss of $2.9m in the third quarter of the year, which includes one-off costs of $3.2m related to fleet refinancing

 

Tankers and Gas Europe

Dorian LPG sees increased seaborne demand

An expansion of US export capacity combined with increased demand from Asia is having a positive effect on spot rates, the company's chief executive says

Tankers and Gas Dorian Lpg
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Tankers & Gas: Products

Latest From Products

FSL sells two LR2 product tankers

Following the disposal, FSL’s fleet will consist of 16 vessels

Singapore Tankers and Gas

Pyxis optimistic about medium range tankers

Greek owner says the numbers suggest a trend that goes beyond usual seasonal uplift

Tankers and Gas Products

MISC forecasts optimism for LNG shipping market

MISC believes a surge in spot rates in the LNG shipping segment has raised expectations for a run-up to a robust winter market

Malaysia Tankers and Gas

MR tankers expect a winter transatlantic boost

Renewed focus on transatlantic trading follows the June closure of the Philadelphia Energy Solutions refinery, the region’s largest, while strike action at the Bayway refinery at New Jersey could also dent output

Tankers and Gas Products

Hafnia raises $230m in private placement

The product tanker company’s shares are expected to start trading on the Oslo Stock Exchange this week

Tankers and Gas Products

BW Group reverses position on Hafnia

Hafnia slashes offering target from $345m to between $230m and $287.5m, while BW Group scraps $25m share sale

Tankers and Gas BW firms
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Tankers & Gas: Suez & Aframax

Latest From Suez and Aframax

Euronav gains two suezmaxes with joint venture

The very large crude carrier giant partners with ‘affiliates of Ridgebury Tankers’ and ‘clients of Tufton Oceanic’ to set up 50:50 joint ventures for each vessel

Euronav Finance

Platts unveils time charter indices for scrubber and non-scrubber bulk carriers

The vessel speed and consumption used in these TCE calculations are derived by market survey and reflect market practice for vessels using the low-sulphur fuel

Dry Bulk Environment

Sovcomflot sends two tankers to China via Northern Sea Route

Sovcomflot claims that LNG allows for a significant reduction of the vessels’ emissions footprint, noting that this was an important consideration in the Arctic’s fragile ecosystem

International Tankers and Gas

Tanker rates retreat as eastbound routes cool

Owners remain confident that a long-awaited tanker rates recovery will continue, although at more sustainable levels

International Tankers and Gas

Okeanis buys two suezmax newbuilds from Kyklades

Okeanis will spend almost $130m to buy the two scrubber-fitted vessels from its chief executive’s private company

Suez and Aframax Finance

Sovcomflot cautiously optimistic for the second half of 2019

Chief financial officer Nikolay Kolesnikov said that the company does not have plans to retrofit existing vessels with new engines, so the existing fleet will switch to burning compliant low sulphur fuel come 2020

Russian Federation Sovcomflot
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Tankers & Gas: VLCC

Latest From VLCC

Pipeline operators to develop VLCC-capable terminal off Texas

EPP and Enbridge are among eight companies seeking to build VLCC-capable offshore crude oil export terminals off the coasts of Texas and Louisiana in the Gulf of Mexico

Tankers and Gas VLCC

Pirates abduct seafarers from tanker off Nigeria

Pirates boarded the Hong Kong-flagged Nave Constellation on Tuesday after it had departed Bonny Offshore Terminal, Lloyd’s List Intelligence reports

Tankers and Gas Piracy and Security

BW Group plans to sell stake in DHT

DHT expects closure of the offer for 10% of its shares to happen around November 21

BW firms DHT

VLCCs and Japanese-built handysizes best bet for asset plays

Limited opportunities for asset plays in the past 10 years, as well as the current cautious approach to investment in the next generation of new ships, suggests that certain sectors may spike in the next two to three years

Asia Pacific Dry Bulk

Euronav gains two suezmaxes with joint venture

The very large crude carrier giant partners with ‘affiliates of Ridgebury Tankers’ and ‘clients of Tufton Oceanic’ to set up 50:50 joint ventures for each vessel

Euronav Finance

China Merchants to order VLCC quartet

Newbuilding plan wins China Merchants Energy Shipping board approval, with the contract to be signed ‘in due course’

Asia Pacific Tankers and Gas
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