Booming rates to ship iron and coal are giving grain traders a migraine.
News ID: 77665 Publish Date : 2017/12/12
Coming off the back of eight years of oversupply balance is yet to be found in the container shipping sector and Seaintel ceo Alan Murphy outlines seven factors that will be needed to bring demand and supply back into balance by 2019 – 2020.
News ID: 77461 Publish Date : 2017/11/29
A fall in container freight rates is being driven by oversupply of vessels rather than a drop in demand according to analyst Crucial Perspectives.
News ID: 77290 Publish Date : 2017/11/17
Global ordering activity has fallen to 26-year low in January 2017, shipbuilding data from Maritime & Trade by IHS Markit show.
Specifically, demand for bulk carriers and gas carriers has plummeted as there were no booked orders in January. The appetite of shipowners for tankers over 10,000 dwt has also subsided as there were only 6 recorded orders. This is much lower when compared to figures from 2016, which was an already dire year for newbuild orders, when 16 tankers were ordered.
News ID: 72675 Publish Date : 2017/02/28
The LPG shipping trade will continue to grow at a healthy pace on the back of strong Asian demand, but fleet growth will outpace it, keeping rates under pressure in 2017, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.
News ID: 72393 Publish Date : 2017/02/17
The chemical tankers market is anticipated to face a challenging couple of years ahead due to lingering oversupply made worse by many newbuilding deliveries, according to shipping analyst Drewry.
News ID: 72062 Publish Date : 2017/02/02