Lloyd's List is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

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.

Advertisement

Containers: Charter rate

Latest From Charter rates

GasLog newbuild locked into eight-year charter

The long-term charter at undisclosed rates comes with two optional extension periods of six years each, which GasLog says will reduce risk and improve cash flow visibility

Monaco Tankers and Gas

Caribbean aframax market suffers from lack of Venezuelan cargoes

India could be willing to cut all imports of Venezuelan crude to satisfy US sanctions in return for further waivers on importing Iranian crude

Venezuela United States

Idle numbers keep box charter market in check

The acid test for the charter market will be its ability to absorb some of the idle ships holding back rate development

International Containers

Capesize and panamax owners bemoan Malaysia’s U-turn on bauxite mining

Shipments from Malaysia to China will shift the pendulum back to smaller vessels while tonne-mile demand is expected to suffer from shorter distances

Malaysia Dry Bulk

Supply overhang lingers over charter market

With market ascendancy firmly with the charterers, a tendency for flexible and short-term fixtures remains a feature

International Containers

Crude tanker earnings fall amid Opec worries and oversupply

There are around 18 newbuilds to be delivered in the first quarter of 2019, with 10 in January alone

International Tankers and Gas
See All

Containers: Between the lines

Latest From Between the lines

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

Between the Lines: Alliances analysed II

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

Containers Between the lines
See All

Dry Bulk: Capesize

Latest From Capes

Dry bulk owners face an uncertain coal market

Colombian coal market to provide short-term support to capesize market, while Russian shipments to China to provide long-term aid to the embattled handysize and supramax segments

Asia Pacific Australia

Plunging capesize index sinks to fresh low of 122 points

Cargo volumes out of Brazil were anaemic, and this has clearly hurt the supply-demand balance for capesizes, with Pacific trade also thinning

Australia China

Coal to gas switch — another bitter pill for dry bulk owners

In addition to iron ore trade contracting in 2019, Stifel expects thermal coal trade, which makes up about 19% of all dry bulk volume, could also decline by 2%-3%

International Dry Bulk

Western Australia ports reopen after cyclone

The Western Australia to China capesize voyage C5 route on the Baltic Exchange dipped to $4.68 per tonne, a decline of 18.3% over the week

Australia Dry Bulk

Much lower iron ore trade growth to claim capesize earnings potential

London-based consultancy expects iron ore trade growth to sink to 0.1% in 2019 from expectations of 4.6% before the Brazilian dam disaster

International Dry Bulk

China’s soyabeans commitment offers relief to dry bulk sector

An additional 10m tonnes in exports would support the drawdown of the massive US soyabean stocks that have depressed prices for months, according to Arctic Securities

Dry Bulk Capes
See All

Dry Bulk: Handies

Latest From Handies

Much lower iron ore trade growth to claim capesize earnings potential

London-based consultancy expects iron ore trade growth to sink to 0.1% in 2019 from expectations of 4.6% before the Brazilian dam disaster

International Dry Bulk

Welcome to the ‘new’ seasonality of the BDI

Hashim forecasts healthy supply-demand fundamentals in the dry bulk shipping market but warns that the recovery could be characterised by extreme volatility

Asia Pacific Thailand

Wheat trade promises bulk carrier tonne-mile boost

As Australia suffers a significant hit to its wheat exports, Asian wheat importers have consolidated their dominance over Argentine and Russian imports, benefiting tonne-mile demand

Asia Pacific South America

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
See All

Dry Bulk: Panamax

Latest From Panamax

Dry bulk owners face an uncertain coal market

Colombian coal market to provide short-term support to capesize market, while Russian shipments to China to provide long-term aid to the embattled handysize and supramax segments

Asia Pacific Australia

Much lower iron ore trade growth to claim capesize earnings potential

London-based consultancy expects iron ore trade growth to sink to 0.1% in 2019 from expectations of 4.6% before the Brazilian dam disaster

International Dry Bulk

China’s soyabeans commitment offers relief to dry bulk sector

An additional 10m tonnes in exports would support the drawdown of the massive US soyabean stocks that have depressed prices for months, according to Arctic Securities

Dry Bulk Capes

China’s coal import restrictions might force a 3m-tonne drop in shipments

Wood Mackenzie estimates China’s seaborne metallurgical coal imports will fall by 3m tonnes in 2019 as a result of China’s coal import restrictions

Australia China

Vale closes distribution centre in Malaysia after fire

The unexpected shutdown will mean a reduction in exports to somewhere between 600,000 tonnes to 1m tonnes over 10 to 15 days, with the losses expected to be made up next month with bigger shipments, analayst Wood Mackenzie estimates

Malaysia Dry Bulk

Chinese coal import restrictions spell bad news for bulkers

The Baltic Dry Index has reached its lowest level in two-and-a-half years and was at 634 points on Monday as fixtures to China dried up

China Australia
See All

Dry Bulk: Ultra & Supras

Latest From Ultra and supras

Dry bulk owners face an uncertain coal market

Colombian coal market to provide short-term support to capesize market, while Russian shipments to China to provide long-term aid to the embattled handysize and supramax segments

Asia Pacific Australia

Pacific Basin confident of supramax and handysize market in the long term

Hong Kong-listed dry bulk owner says IMO 2020 will lead to a contraction in supply and potentially more scrapping

Hong Kong Dry Bulk

New blow to minor bulk owners as canola feud boils over

If this is indeed the start of a new trade war between Beijing and Ottawa, this could have significant repercussions on oilseed and grain trade, shipbroker Banchero Costa warns

China Canada

Bad weather threatens coal shipments out of Indonesia

Freight rates for supramax vessels trading from Indonesia to China have started to fade as owners are now staying away from this market, brokers noted

Australia China

Welcome to the ‘new’ seasonality of the BDI

Hashim forecasts healthy supply-demand fundamentals in the dry bulk shipping market but warns that the recovery could be characterised by extreme volatility

Asia Pacific Thailand

Wheat trade promises bulk carrier tonne-mile boost

As Australia suffers a significant hit to its wheat exports, Asian wheat importers have consolidated their dominance over Argentine and Russian imports, benefiting tonne-mile demand

Asia Pacific South America
See All

Tankers & Gas: LNG

Latest From LNG

Japan retains LNG crown, but growth is with China and South Korea

LNG market growth estimated at 8%, with deliveries amounting to 314m tonnes — more than three times the level in 2000

International Tankers and Gas

Novatek signs LNG supply deal with Vitol

The LNG will be shipped on free-on-board basis to Novatek’s transshipment terminals in the Murmansk region and Kamchatka

Tankers and Gas LNG

Vitol chooses TMS Cardiff Gas for first long LNG charter

Energy and commodities trader signs 10-year charter deal leaving only one of Greek owner’s 11 newbuildings uncovered

Tankers and Gas International

Coal to gas switch — another bitter pill for dry bulk owners

In addition to iron ore trade contracting in 2019, Stifel expects thermal coal trade, which makes up about 19% of all dry bulk volume, could also decline by 2%-3%

International Dry Bulk

Nakilat and Maran launch second LNG joint venture

Global Shipping Co is launched with an initial four LNG carriers from Maran’s order book at DSME

International Greece

CNOOC targets domestic shipping for two LNG bunkering vessels

Bunkering for ocean-going vessels represents a large potential, but owners and operators need more incentives to use liquefied natural gas as marine fuel

Asia Pacific China
See All

Tankers & Gas: LPG

Latest From LPG

India receives first US LPG shipment

Indian utilities are anticipating two additional enquiries in April, while another cargo, set for the end of April, is on subs, according to brokers

India Tankers and Gas

Indian elections: Riding the LPG wave

Indian prime minister Narendra Modi may not have managed to keep all his election manifesto promises, but his scheme to provide free gas connections to poor households has significantly increased LPG shipments to India and has made India the second-largest importer in the world. Should shipping expect a further gas bonus from the current political showdown?

India LPG

Enterprise’s new export terminal nears completion

The Enterprise Hydrocarbon Terminal expansion will increase the ability to export LPG by another 30% 

Tankers and Gas LPG

BW LPG enters gas trading business

The company plans to purchase LPG and offer it delivered on the basis of cost, insurance and freight, directly to the end user

Singapore Tankers and Gas

Epic Gas upbeat about market prospects

Epic Gas notes there are only five newbuilding vessels scheduled to be delivered in 2019 and five more in 2020, representing a 1.4% increase in existing fleet capacity

Singapore Tankers and Gas

Dorian LPG increases scrubber investment

The gas carrier now has 10 vessels contracted for scrubbers ahead of the 2020 sulphur cap

International Dorian Lpg
See All

Tankers & Gas: Products

Latest From Products

Eastern Pacific confirms order for eight product tankers

The company is optimistic about the product sector and the long range two newbuildings with exhaust gas cleaning systems installed will put them in a good position to capitalise on the market

Asia Pacific Tankers and Gas

IMO 2020 brings cheer to product tanker market

Basic supply-demand balance has reached a tipping point in the product tanker market and IM0 2020 is just the icing on the cake, or perhaps several layers of icing on the cake, Stifel says

International Tankers and Gas

Tsakos Energy Navigation agrees product tanker charters

Double 36-month charter with anonymous oil major will generate a minimum of $33m in gross revenues

Energy Finance

Hafnia Tankers agrees merger with BW Tankers

Hafnia shareholders have to approve a merger plan that would give them common shares of par value $0.01 for each BW Tankers share

BW firms Products

Lloyd’s List Outlook 2019: Product tankers

Nascent recovery in product tanker market will be put to the test in 2019

International Annual Outlook

Norden successfully runs product tanker on biofuel

The shipowner completed a trip between Rotterdam and Tallinn on CO2-neutral biofuel without any problems

Fuels Environment
See All

Tankers & Gas: Suez & Aframax

Latest From Suez and Aframax

Stars will ‘start to align’ by third quarter, says Alphatanker

Alphatanker sees the foundations being laid for a strong year in 2020 that it thinks will be similar to 2015

International Tankers and Gas

Singapore detains PDVSA vessel

The arrest comes several weeks after BSM confirmed it would be handing back all the tankers it manages for PDVSA

Singapore Tankers and Gas

Caribbean aframax market suffers from lack of Venezuelan cargoes

India could be willing to cut all imports of Venezuelan crude to satisfy US sanctions in return for further waivers on importing Iranian crude

Venezuela United States

Sanctions on Venezuela start to bite

Shipowners are less exposed to sanctions if they are not dealing with PDVSA directly, but there can be operational and legal risks

Venezuela US States

Crude tanker earnings fall amid Opec worries and oversupply

There are around 18 newbuilds to be delivered in the first quarter of 2019, with 10 in January alone

International Tankers and Gas

Lloyd’s List Outlook 2019: Crude tankers

Geopolitical wildcards seen testing crude tanker market recovery

International Tankers and Gas
See All

Tankers & Gas: VLCC

Latest From VLCC

Stars will ‘start to align’ by third quarter, says Alphatanker

Alphatanker sees the foundations being laid for a strong year in 2020 that it thinks will be similar to 2015

International Tankers and Gas

Clean trading dries up for newbuilding VLCCs

Traders warn conditions promoting clean trades have ended as falling demand and reduced production affecting key seaborne routes

International Tankers and Gas

How important are shifting VLCC trade flows?

Oversupply remains a significant headwind to tanker rates

International Tankers and Gas

Indian state refiner signs first annual deal to buy US crude

US-India longhaul trade would add to tanker demand significantly

Asia Pacific India

Crude tanker earnings fall amid Opec worries and oversupply

There are around 18 newbuilds to be delivered in the first quarter of 2019, with 10 in January alone

International Tankers and Gas

Opec cuts to hurt VLCC tonnage demand

The potential downside from the Opec production cuts may also be felt in other segments as well, Gibson Shipbrokers warns

Asia Pacific Middle East and Africa
See All
Advertisement
UsernamePublicRestriction

Register