12 June 2019
As weak demand growth is forecasted for the coming quarters, the container shipping industry is set to return to negative margins.
12 June 2019
The tanker market is – even more so than before – all about geopolitics.
16 February 2011
Right now, all eyes seem to be on the Suez Canal as Egypt faces political unrest. Events have pushed the oil price above USD 100 per barrel for Brent crude
15 March 2011
One year ago the tanker orderbook stood at 132 million DWT – today it totals 118 million DWT. The total orderbook is down by 11% over the last year. Even though new contracts are being signed at a steady pace, that pace remains slower than that of newbuildings being delivered.
12 August 2010
Demand: EIA has revised their oil demand forecast upwards for 2011. Global oil demand in 2011 is now expected to rise by 1.3 million barrels per day (MB/day) to 87.8 MB/day assuming consensus trends in the global economy, crude prices development and possible efficiency gains. Growth will be driven entirely by non-OECD countries (+3.8% or +1.6 MB/day), while the OECD sees resumed decline (-0.5% or -0.2 MB/day). The outlook for 2010 remains unchanged at 86.5 MB/day (+2.1% or +1.8 MB/day versus 2009).
10 October 2010
Following the summer dip where Capesize was hit badly, dry bulk freight rates have once again bounced back like a tumbler. Capesize rates are back at year-to-date average around USD 30,000 per day. Capesize freight rates are moving like a heartbeat, but at lower and lower pulse levels and going deeper and deeper as more vessels enter the market. In spite of remaining inefficiencies in the supply chain, slow steaming, and continued strong demand for raw materials going forward, the big ships are in for a fundamental imbalance between supply and demand.
29 September 2010
The shift in oil demand is causing shorter sailing distances, so in order to maintain the fundamental balance with the present fleet in the tanker markets, the oil demand has to grow twice as much in the East as the oil demand shrinks in the West.
14 April 2010
Floating storage is coming down on the narrowing of market contango, but persists in playing an important part in tanker demand
10 February 2010
Winter all year long seems to be what is needed to balance the tanker market in 2010
15 April 2010
The challenge of redeploying laid-up vessels in a market flooded by newbuildings creates a market balanced on a knife edge