BIMCO's Shipping Analyst looks at the shipping number of the week. This week: Demand shocks drive ship recycling to lowest level in 20 years
The closure of the Colonial pipeline which runs from the US Gulf to the US East Coast, has caused a spike in oil product tanker rates on trades to and from the region.
The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian coal have started to hurt, according to Oceanbolt.
The surge in US container imports continued in April when West Coast loaded imports amounted to 1.10m TEU.
“Fill her up son, unleaded; I need a full tank of gas where I'm headed,” former Police-front man, Sting, sang back in 1999 on his solo album: “Brand New Day”. This country-inspired song could be the anthem for what is coming around next week, as Monday 31 May is Memorial Day in the US; the day that ... Please follow the link to continue reading.
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: September head haul volumes fall 15% y/y
Background Emission Schemes are “cap and trade” schemes that cap the total amount of greenhouse gases to be emitted by certain vessels covered by the system. Over time, this cap is reduced as an incentive to reduce greenhouse gas emissions through increased efficiency and the use of alternative fue... Please follow the link to continue reading.
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition.
