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Marine News:

VLCC Cargoes Keep On Rising

Cargo availability is on the rise in the Middle East VLCC market, but rates don’t seem to be able to pick up considerably. In its latest weekly report, shipbroker Charles R. Weber said that “VLCC rates in the Middle East market posted a minor improvement this week, in-line with a stronger pace of demand and ......


A Rich Tapestry: LNG Projects And The LNG Carrier Fleet

The development of the global merchant fleet is affected by a very broad range of interwoven supply and demand factors, including shipping and commodity cycles, investor sentiment, regulatory concerns, yard capacity and so on. Another factor is shore-side infrastructure projects, which can be tricky to disentangle from the wider web, though this influence is a ......


NYSHEX Poised for Expansion as it Finalizes Series-A Investment: Hapag-Lloyd and CMA-CGM invest, along with GE Ventures and Goldman Sachs, resulting in total investment of $13M

The New York Shipping Exchange (NYSHEX), the innovator of the first digital forward freight contract for global container shipping, today announces the completion of its Series A round of funding. Hapag-Lloyd and CMA-CGM joined the investment round, along with additional investments from GE Ventures and GoldmanSachs – the Series A investment totals $13 million. Hapag-Lloyd, ......


Tanker Market: China’s oil imports a boon for tanker owners

The emergence of China as a leading global force in trade has seen shipping among the leading beneficiary industries. So far, this effect was more pronounced in the dry bulk trades, but lately, it’s tanker owners who could also join the foray. In its latest weekly report, shipbroker Gibson said that “early this month, figures ......


Newbuild Investment: Anything Drawing Attention?

Newbuild contracting fell to a 30 year low in 2016, but when looking at it in estimated investment value terms, the fall was slightly less sharp. This trend has continued, with contracting in 2017 so far up by significantly more in investment value terms than in numerical terms. This month’s Shipbuilding Focus investigates which sectors ......


Dry Bulk FFA: Supramax Index- Technically bullish, caution on the daily chart as it has potential to produce a bearish divergence on a fresh market high

Supramax Index Weekly Support –8,486, 7,948, 7,412 Resistance – 9,081, 9,650, 10,198 The weekly chart has produced another higher low which keeps the weekly bull trend intact, and is now approaching technical resistance at USD 9,081. A close above USD 9,081 is technically bullish on the weekly chart and suggest upside continuation. A close below ......


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