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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

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

IRISL vessels drive up idle containership fleet

Three of IRISL’s 14,508 teu newbuilds have joined the idle pool, with the remaining fourth vessel set to join them imminently

Middle East and Africa North America

MSI sees ‘renewed upside’ for box charter market in 2019

MSI says a steady flow of returning tonnage from charter expiries will also keep a lid on charter rates in early 2019

International Containers

Rush to be ‘low-sulphur ready’ could trigger box charter rate surge

Analysts and brokers are forecasting a surge of up to 30% in some sectors

International Containers
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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
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Dry Bulk: Capesize

Latest From Capes

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

GoodBulk sees capesize market as ‘finely balanced’

Normally bullish bulker owner posts seventh consecutive quarterly profit but says market increasingly hinges on various key factors

International Dry Bulk

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

Vale production cuts to shake up trade flows

The 40m tonnes of iron ore pulled out by Vale would result in a 4.7% decline in iron ore tonne-miles and 1.3% drop in total dry bulk tonne-miles, JP Morgan analyst Noah Parquette said

Brazil Dry Bulk

Vale dam collapse expected to hit dry bulk market

Update: Vale ordered to suspend operations at the site of the dam disaster

Brazil Dry Bulk
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Dry Bulk: Handies

Latest From Handies

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

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
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Dry Bulk: Panamax

Latest From Panamax

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

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
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Dry Bulk: Ultra & Supras

Latest From Ultra and supras

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

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
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Tankers & Gas: LNG

Latest From LNG

Three-train PNG LNG expansion is expected to get green light

Two agreements with a Total-led joint venture and an ExxonMobil-led joint venture are to be finalised in stages from as early as the end of March to move the planned three-train, 8m tonnes per annum expansion of PNG LNG to the engineering phase

Asia Pacific Papua New Guinea

Oceanic Breeze delivers first Ichthys LNG cargo

The 79,883 dwt LNG carrier, owned by a 70:30 joint venture between Inpex Shipping Co and Kawasaki Kisen Kaisah, is dedicated to transporting Inpex’s share of 900,000 tonnes of LNG per year from Australia to Japan

Asia Pacific Australia

BP sees global LNG trade doubling by 2040

Global LNG trades are forecast to grow to 900bn cu m by 2040 from 400bn cu m in 2017, according to BP Energy Outlook 2019’s Evolving Transition scenario

International Tankers and Gas

Qatar reveals plan for 60 new LNG carriers

Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering have previously built 45 LNG carriers under charter to Qatargas

Asia Pacific Middle East and Africa

Celsius orders LNG duo for $375m from SHI

The Danish owner had ordered two more LNG carriers from the yard in August 2018

SHI LNG

All not lost after short-term LNG market hopes fade

Although LNG tanker growth has slowed, tonne-mile demand is still trending upwards

International Tankers and Gas
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Tankers & Gas: LPG

Latest From LPG

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

First cargo of US LPG shipped to China in six months

Despite some signs of progress in trade talks, most traders remain sceptical that the situation will change in the short term

China US States

Adnoc to combine LPG and propylene shipments in industry first

LLoyd's List Intelligence data shows that an LPG carrier loaded in Ruwais is on its way to Xingang port

United Arab Emirates Tankers and Gas

Lloyd’s List Outlook 2019: LPG

The market is just past the cyclical nadir and on an upswing

International Tankers and Gas

ONE investors reveal impact of start-up ‘teething problems’

Revenues fell across the board, with MOL slipping by 24%, NYK down 14% and K Line sliding 28%

International Japan
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Tankers & Gas: Products

Latest From Products

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

Diamond S agrees $1.65bn merger with Capital Product Partners

The new company will control 68 crude and product tankers and will be led by Diamond S’s management team

International United States

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
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Tankers & Gas: Suez & Aframax

Latest From Suez and Aframax

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

The Interview: Ioannis Martinos

The Signal Group chief executive opens up about his different approach to commercial pool management and how he envisages the group’s growth over the next year
Big Interview Ship Management

Diamond S agrees $1.65bn merger with Capital Product Partners

The new company will control 68 crude and product tankers and will be led by Diamond S’s management team

International United States

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
See All

Tankers & Gas: VLCC

Latest From VLCC

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

Lloyd’s List Outlook 2019: Crude tankers

Geopolitical wildcards seen testing crude tanker market recovery

International Tankers and Gas

The Interview: Ioannis Martinos

The Signal Group chief executive opens up about his different approach to commercial pool management and how he envisages the group’s growth over the next year
Big Interview Ship Management

Diamond S agrees $1.65bn merger with Capital Product Partners

The new company will control 68 crude and product tankers and will be led by Diamond S’s management team

International United States
See All
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