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China's Shipbuilding Sector Decline 26% in 2015
Feb 5, 2016China retained its crown as the world's biggest shipbuilding nation in 2015, but with a 26% decline on year in newbuilding orders, chiefly due to "the abysmal state of the dry bulk market," Italian shipbroker Banchero Costa (Bancosta) said ...
Tags: Shipbuilding Sector, shipyards
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Dry Bulk Atlantic: Panamax Owners Consider Lay-UPS on Weak 2016 Outlook
Dec 15, 2015The Panamax dry bulk short period freight market is currently trading below operating costs and some owners may be tempted to lay up their vessels as the outlook for 2016 is very weak, sources said. The Panamax short period market is ...
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Tankers: Rush of North Sea VLCC Fixtures Could Spell Trouble for Aframaxes
Nov 25, 2015Three VLCC fixtures to lift Forties crude from Hound Point, Scotland, in recent days could hit Aframax freight rates in the North Sea in coming weeks, shipbrokers said Friday. The Al Kout, the Front Page, and the Voyager I were all ...
Tags: Tankers, VLCC Fixtures, crude, Aframaxes
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Dry Bulk Atlantic: Supramax Freight Rates in Doldrums on Oversupply, Uncertain Demand
Nov 25, 2015Supramax shipowners are bracing for a tough finale to a disappointing year as limping grain and petcoke trade in the Atlantic fails to support the monstrous weight of available tonnage. That has been keeping freight rates low, while hopes ...
Tags: Supramax shipowners, grain, petcoke
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USGC-Europe MR Freight Rate Falls to 8.5-Month Low as Ships Sit Prompt
Nov 6, 2015Despite expectations of a seasonal pickup in the Medium Range tanker market in the Americas in the fourth quarter -- particularly from November onward -- charterers were able to pressure freight rates lower Wednesday, with Medium Range ...
Tags: Freight Rate, USGC-Europe, LR1 tanker
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Feature: LR1 Tanker Rates Surge; Europe Ullage Issues, Naphtha Demand From East
Nov 6, 2015Long Range 1 tanker rates are soaring in Europe as vessels are delayed due to high storage levels in Europe, and the busy naphtha arbitrage to the East is rapidly eating into the available tonnage. LR1 rates on the Northwest Europe to ...
Tags: LR1 Tanker, Naphtha, ships
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Analysis: Dry Bulk Shipowners Faced with Loss of USGC-China Petcoke Route
Nov 6, 2015Dry bulk shipowners are heading toward 2016 with the prospect of one fewer cargo option on the key loading region of the US Gulf Coast, as new environmental legislation introduced by Beijing this summer could mean China will no longer be ...
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Handysize Tanker Freight Rate on Cross-Med Route at Five-Year Low on More Tonnage
Nov 4, 2015Handysize tanker freight rates on the Cross-Mediterranean voyage, basis 30,000 mt, have hit their lowest in five years on Monday on the lack of cargoes and ample tonnage, shipping sources said Tuesday. According to Platts data, freight ...
Tags: Handysize tanker, freight rates, cargoes
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Crude Production in Libya Is Facing Further Setbacks This Week
May 30, 2014Crude production in Libya is facing further setbacks this week, as loadings out of the 110,000 b/d Marsa al-Hariga crude terminal in Eastern Libya have stuttered to a halt. Traders and shipping sources said that no there have been no ...
Tags: Crude production, oil flowing
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Indian Buyers Opted to Purchase From Port Stocks While Chinese Demand Remained Inactive
May 30, 2014Few spot deals for Indonesian thermal coal were reported Wednesday, as Indian buyers opted to purchase from port stocks while Chinese demand remained inactive, sources said. A Dubai-based trader said he had seen many inquiries from Indian ...
Tags: thermal coal, Chinese demand
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Freight Rates for Grain Runs From South America to The Far East Declined
Apr 1, 2014Freight rates for grain runs from South America to the Far East declined on Friday amid low Chinese soybeans demand, oversupply of tonnage and generally bearish sentiment in the Atlantic market. Grain runs basis 60,000 mt on the ...
Tags: grain, soybeans, Chinese demand
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Stocks of Imported Coal at 16 Major Ports in India Rose 5% Week on Week
Feb 26, 2014Stocks of imported coal at 16 major ports in India rose 5% week on week to 7.9 million mt as of February 21, according to data released late Friday by Indian shipbroker Interocean Group. Of the total, thermal coal accounted for 5 million ...
Tags: Coal Stocks, Mineral
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FOB Values for Black Sea and Mediterranean Crudes Have Continued to Rebound
Feb 13, 2014FOB values for Black Sea and Mediterranean crudes have continued to rebound after hitting more than two-year lows early in the new year. On Monday, Aframax FOB Supsa Azeri Light cargoes were assessed at a $2.295/b premium to the BTC Brent ...
Tags: Freight Drops, Chemicals
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China's Thermal Coal Imports in June Fell 24% on The Month to 9.75 Million Mt
Jul 25, 2013China's thermal coal imports in June fell 24% on the month to 9.75 million mt, the country's lowest monthly intake since February when imports were severely impacted by the Lunar New Year holiday, according to China customs data released ...
Tags: Thermal Coal, Chemicals
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Panamax Coal Freight Rates on Established Routes Jumped Friday as Grain Activity
Jul 18, 2013Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India jumped Friday as grain activity on the Atlantic continued to lend support, sources said. Since activity on the west coast of India ...
Tags: Coal, Metallurgy, Mineral, Energy