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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

VLCC earnings improve with further upside expected

VLCCs sustain uptrend on higher vessel demand across regions, supported by high activity in advance of China’s Golden Week holidays

International Tankers and Gas

Supply overhang casts shadow over boxship charter market

Alphaliner estimates container shipping's idle fleet is set to swell to more than 3% of the total operable fleet by the end of the year

International Containers

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
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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

Is the dry bulk sector upturn close to its peak?

MSI remains positive for the short-term outlook for capesize rates and projects time charter rates to be above $20,000 a day on average for the fourth quarter of this year

International Dry Bulk

Dry bulk owners remain upbeat about the market

Overall orderbook remains at historically low levels, adding to the optimism in the market

International Singapore

Drewry says capesize rates unhindered by trade war

The trade war uncertainties, while having little direct impact on the dry bulk market, might lead to a slowdown in the increase in charter rates

Dry Bulk Capes

Coal shipments hit by Australian port congestion

Freight rates are likely to improve for capesizes and panamaxes if chronic congestion continues

Asia Pacific Australia

Capes soften amid delays at Chinese ports

Shipping association BIMCO expects Chinese iron ore imports to drop, while fleet growth has been revised up to 2.7% this year on a lack of scrapping

International Asia Pacific

Oldendorff signs 25-year transhipment project with Vietnam

Coal will mainly be transported to the northern Vietnamese province from the Indonesian ports of Balikpapan, Samarinda, Adang Bay, Muara Jawa and Muara Berau

Indonesia Vietnam
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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

Pacific coal trades lend support to panamax bulkers

Deutsche Bank sees mid-sized carriers outperforming other dry bulk segments on the back of strengthening coal trades in the Pacific basin combined with higher grains exports in the Atlantic

International Dry Bulk

Coal shipments hit by Australian port congestion

Freight rates are likely to improve for capesizes and panamaxes if chronic congestion continues

Asia Pacific Australia

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
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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

Keppel obtains two additional LNG carrier orders from Stolt-Nielsen Gas

The two LNG carriers will each have a capacity of 7,500cbm and will be equipped with engines that can run on both diesel and liquefied natural gas
Singapore Ports and Logistics

LNG bunkering to grow with newbuild orders

The conditions required for LNG to be readily adopted as a marine fuel are already in place

International Fuels

Stolt-Nielsen, Golar and Höegh form $182m LNG venture

The investments aim to build up an LNG company, which was set up by Stolt-Nielsen, as small vessels and terminals are expected to be increasingly used in remote locations or to supply LNG as either vehicle or ship fuel

Golar Lng LNG

LNG carrier spot rates surge as market tightens

With the sharp decline in tonnage availability, rates are poised for a further upsurge as charterers continue to seek more spot vessels

Asia Pacific China

Hurricane Florence to hit dry bulk the hardest

There is likely to be a limited impact on the tanker side unless the Colonial Pipeline distribution network is seriously disrupted

US States Dry Bulk

Sovcomflot orders two LNG-fuelled vessels for Rosneft charters

Kremlin-backed deal will see Sovcomflot order the ships from the Russian yard project for Rosneft’s export programme

Europe Russian Federation
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Tankers & Gas: LPG

Latest From LPG

VLGC earnings rise close to three-year high

Freight earnings for very large gas carriers are at their highest for two years and seven months on the back of an increase in voyages, with fewer cancellations and more long-haul voyages

International Tankers and Gas

Rising gas export capacity to boost LPG tanker demand

New propane dehydrogenation plants in China to support demand for liquid petroleum gas

Tankers and Gas LPG

BW LPG eyes 'world-first' LPG-fuelled very large gas carriers

Oslo-listed company’s net losses widen on dismal market conditions and near-term outlook remains ‘cautious’

Asia Pacific Singapore

Sovcomflot slips into the red on weak tanker earnings

Russian carrier eyes more revenues from industrial shipping segments as business conditions for conventional tankers are bearish

Russian Federation Tankers and Gas

Avance Gas’s losses deepen but hope springs from US exports

LPG tanker owner consider using scrubbers or LPG as bunker fuel to meet the IMO 2020 marine fuel rules

Norway Tankers and Gas

Shipping faces up to trade wars

Vessel operators will need to be nimble to meet demand from new trade lanes if the trade tension continues to escalate

China US States
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Tankers & Gas: Products

Latest From Products

US-Mexico product tanker trade unfazed by new president

Tonne-mile demand for the shorthaul trade remains robust despite political events, especially for MR2 vessels

Mexico US States

Hafnia Tankers confirms BW merger talks to create product tanker giant

BW Group raised its stakeholding in Hafnia to 43.5% in July

Denmark Norway

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
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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

VLCC earnings improve with further upside expected

VLCCs sustain uptrend on higher vessel demand across regions, supported by high activity in advance of China’s Golden Week holidays

International Tankers and Gas

Crude tanker market ‘now past the bottom’

Jefferies believes the 2020 sulphur cap, low crude inventories, higher Opec production volumes and spiking demand will drive tanker earnings upwards

International Finance

Unipec resumes VLCC bookings in US Gulf

Sinopec’s trading arm reportedly starts buying US crude again and longhaul VLCC rates recover from early August level

Asia Pacific North America

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
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