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Marine News:

2020 Compliant Marine Fuels’ Costs a Source of Headache for Shipowners

Ship owners are having to deal with some pretty challenging decisions, in terms of planning their future investment strategies and fleet mix, as the decision to implement the use of low sulphur marine fuels on global scale from 2020, will probably lead to increased operating expenses for the vast majority of owners. In its latest ......

Elevated Chinese Crude Imports to Support VLCC Rates

Chinese crude imports saw a swift rebound from August’s 8-month low, hitting the second highest level recorded at 9 mmb/d in September. September crude imports into China jumped by 12.5% m-o-m and 11.9% y-o-y on the back of winter stockpiling demand, the return of refineries from maintenance, new crude import quotas for teapot refiners as ......

Tanker sector looks beyond hurricane season to firmer Q4 fundamentals

An unusually high level of disruption from the hurricane season in the Caribbean and Gulf of Mexico has shaken up the tanker market, with turbulence impacting the spot market while timecharter rates remained stable, reflecting weak fundamentals. However, beyond the headlines there have been some important and constructive shifts in the market which are positive ......

Ship demolition activity grinds to a halt

The rebound of dry bulk freight rates, as well as ships’ values has resulted in the halt of demolition sales, triggering fresh concerns regarding the long term viability of the market’s rebound. In its latest weekly report, GMS, the world’s leading cash buyer of ships said that “a shocking collapse in price and sentiments over ......

Regulating ship speed could cut emissions by a third – study

Greenhouse gas emissions from three ship types – containerships, bulkers and tankers – could be reduced by a third, on average, by reducing their speed, according to a new independent study that will be presented to the International Maritime Organisation (IMO) next week. The cumulative savings [1] from reducing the speed of these ships alone ......

Dry Bulk FFA: Supramax Index technically bullish, but FIS warns of caution after 10 day rally

Supramax Index Weekly Support – 10,740, 10,045, 9,081 Resistance – 12,643, 13,594, 16,333 The oversold stochastic on the daily chart, and the visually slowing down in price resulted in technical support holding last week on the Supramax index. This has kept the index on a bull bias, and resulted in higher prices. The weekly stochastic ......

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