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Marine News:

Dry Bulk Ordering Activity Rides Wave of Optimism

The optimism surrounding the prospects of the dry bulk market in the long-term was enough to trigger additional newbuilding orders over the course of the past week. In its latest weekly report, Allied Shipbroking said that “it is true that newbuilding market has not yet impressed with the overall activity reported, while it has been ......

Time to buy the dip in LR1 Tankers?

Asset values remain depressed across the clean Tanker markets, creating buying opportunities for prime age tonnage. Younger ships provide investors with an asset that is well placed to appreciate when the shipping markets do turn. LR1s have been unfashionable as of late due the smaller number of ports at which they can call relative to ......

Baltic Exchange sets out modernised Code for freight market

The Baltic Exchange will be introducing a modernised code of conduct for shipowners, charterers and shipbrokers using the physical shipping and freight derivatives markets. Following a detailed review of the current arrangements led by law firm Norton Rose Fulbright with oversight by the Baltic Exchange Council and the Baltic Membership Council, the New Baltic Code ......

Tankers: VLCC Market On the Mend?

Tanker owners were granted some respite over the course of the past week, as demand in the VLCC market edged higher. In its latest weekly report, shipbroker Affinity Research commented that “VLCCs experienced a positive start to the week, with 32 cargoes covered in the MEG for May’s first decade. Charterers managed to maintain low ......

Crude And Containers – An Odd Couple Close Together

Across the spectrum of seaborne trade, crude oil and containers could hardly be more different. The former is the classic raw material commodity, whilst the latter represents the shipping of all sorts of manufactured end products. Yet in 2017, total seaborne trade in each stood less than 170 million tonnes apart, with a combined volume ......

Chinese Product Push

Asian refining margins remained relatively stable over the first quarter of 2018 with Singapore margins largely supported by a stronger middle distillate segment. Growth in product exports out of this region has been quite strong over 2016/2017; however, we note a weakening of this trend in the second half of 2017 and into this year, ......

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