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Marine News:

Dry Bulk FFA: Capesize Market

Capesize Index Support – 16,771, 15,301, 12,322 Resistance – 19,482, 20,657, 27,866 Resistance at USD 20,657 Support 16,771 Weekly stochastic in overbought territory Daily stochastic in overbought territory. Having broken through technical resistance levels last week the Capesize index is approaching a long term resistance zone dating back to August 2015. The stochastic is overbought ......

The Changing Waves of the Shipping Industry

Sea transport is relatively eco-friendly as it only accounts for 3 to 4 percent of total global gas emissions. However, most ships are fueled by low-grade bunker fuel, or heavy fuel oil (HFO), that contains 3,500 times more sulfur than diesel for cars, making the shipping industry the biggest emitter of sulfur dioxide (S02). At ......

What is a release call?

Joining a mutual P&I Club means each Member shares in the fortunes of that Club and its membership. The continuity of Club membership, which is typical within the mutual P&I environment, permits longer term investment and planning to be undertaken. Estimating premiums doesn’t work as well in a commercial context because profits, arising from the ......

Tanker demolition could pick up on market-based conditions, rather than legislation

The tanker market isn’t in its best during this year, with rates subdued and oversupply concerns being the main hindering factor to a rebound. As such, many market analysts expected that a higher demolition rate could be the solution and this development could be triggered by new legislation measures, most notably the Ballast Water Management ......

Those Dog Days of Summer Steel Production in China

One popular but inaccurate narrative that makes the rounds every June and July (and occurred again this year) is that China’s steel output and demand are very weak in summer months. The pundits that make this claim year after year ignore what actually occurs in China. However, as examined in Commodore Research’s July 3rd Weekly ......

UKHO supports safe arrival of HMS QUEEN ELIZABETH into Portsmouth

The United Kingdom Hydrographic Office (UKHO) has supported the safe arrival of HMS QUEEN ELIZABETH into Portsmouth today by providing specialist marine geospatial and hydrographic expertise and data capabilities. Following initial dredging operations to make Portsmouth’s navigation channel and entrance deeper, hydrographic data was collected by the survey launch HMS GLEANER using modern multibeam echosounder ......

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