Home / Tag Archives: Tops

Tag Archives: Tops

Ships; Demolition Market Looking to Pick Up Next Week

It might have been rather quiet over the course of the past few weeks, but things could start to pick up in the demolition market over the course of the coming days say shipbrokers. In its latest weekly report, Clarkson Platou Hellas said that “genuine sales candidates that are being touted in the market this week are finally creating some positive momentum, pushing price levels northwards as the lack of tonnage, particularly for Pakistan, starts to bite. Owners of any larger LDT dry cargo tonnage will certainly benefit from the ...

Read More »

Chinese Iron Ore Imports: Holding Strong

Chinese seaborne iron ore imports have grown robustly in the year to date, and are currently projected to reach 1,074mt in full year 2017, accounting for more than 70% of global seaborne iron ore imports and around a third of the expected growth in total seaborne dry bulk trade this year. What factors have driven the firm expansion in China’s seaborne iron ore imports in 2017 so far? As Hard As Iron After a period of slower growth in Chinese seaborne iron ore imports in 2015, expansion picked up in ...

Read More »

New OCIMF pre-fixture tanker vetting cyber requirement

Following the EXXON VALDEZ incident in 1989, the OCIMF started a pre-fixture tanker vetting program in 1993 with the introduction of the the Ship Inspection Report Program (SIRE). In 2004 OCIMF introduced the Tanker Management and Self Assessment (TMSA) program for the vetting of tanker owners’ office and/or management. The TMSA includes certain Key Performance Indicators and in 2008, OCIMF introduced TMSA Version 2 which has 12 performance elements. In April 2017, the OCIMF issued . In addition to the inclusion of ballast water management, fuel management and other items, ...

Read More »

Dry Bulk Market Looking in Good Shape Until the end of 2017

In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a tough couple of weeks for the dry bulk market, with the brakes having been applied by charterers once more and rates rolling back slightly as the market went silent in terms of fresh interest. We seemed to be on the verge of a gradual downtrend that if it were so would continue through into the New Year. In the midst of this however, there still seems to be some positive momentum reserved in the background which ...

Read More »

MR Segment Remains Bright Spot in Tanker Market

The Asian MR segment is holding firm in all three key regions (AG/WCI, Singapore and North Asia). Rates in all regions have been creeping up steadily since the start of November as cargo demand outpaced vessel supply, tightening position lists in the region. In the AG/WCI market, robust demand to move naphtha cargoes East as well as CPP cargoes to East Africa pushed rates for the key AG/ Japan route to their highest this year at w180. Unquenchable demand for naphtha in Asia has led to naphtha cracks hitting a ...

Read More »

Dry Bulk FFA: Panamax Still Bearish But Approaching Support Level

Panamax Index- Technically bearish but approaching a key support level after 11 consecutive down days suggesting we could find support soon. • Dec – The technical is currently bearish. However a large mean reversion gap has formed with the 50 period MA suggesting the market is a little oversold. • Q1 – the recent pullback looks bearish, however we have recently broken a key resistance and would be selling from a market high making this a high risk trade. • Cal 18 – A bull trend that has started to ...

Read More »

Capesize Market to Rally Until at Least the First Quarter of 2018 Says Shipbroker

Despite a looming iron ore imports’ curb from China, shipbrokers like Cotzias Intermodal Shipping appear to be optimistic about the medium-term prospects of the Capesize market. In its latest report, the shipbroker did mention that “China consumes more than two-thirds of the global seaborne iron ore market and at the same time produces as much steel as the rest of the world combined. Beijing’s war on smog has concentrated on the country’s steelmaking hubs near the capital where mandated cuts of as much as 50% came into actual effect last ...

Read More »

Dry Bulk FFA: Capesize In Bullish Phase

In a market range, but technically bullish. Upside moves that make fresh market highs will create a bearish divergence and market buyers should remain cautious on bullish breakouts because of this. • Dec – The fresh market high has put the Dec futures in bullish territory. However we are now seeing a bearish divergence in the market and this would suggest we could soon see another corrective phase. • Cape Q1 18 – A bullish technical that is already reacting to the bearish divergence in the market. Caution on a ...

Read More »

Improving hull performance through IoT

There are many ways to reduce fuel usage and carbon emission. From the conventional way of hull cleaning and propeller polishing, to design modifications and renewable/alternate sources of energy, the industry is constantly evolving to achieve results. The question is: How can we prove real economic value? Industrial Internet of Things As smart cars trail the land, smart ships have also set its sail at sea. WSM has lately been working with ships equipped with sensors collecting high frequency data. A wide array of sensors’ data from the ship is ...

Read More »

Ship owners Opting for More Second Hand Ships as Opposed to Newbuildings

The appeal of the flexibility which comes with the investment in a second hand vessels, seems to be too hard to resist for many ship owners, especially since freight rates for dry bulk carriers have rebounded to more sustainable levels. According to the latest weekly report from shipbroker Allied Shipbroking, “volatility and continuous ups and downs are becoming a permanent scene in the newbuilding market. This week’s activity came with a huge dose of disappointment for those who expected things to continue on a positive track after what we witnessed ...

Read More »

Containership Orderbook: Not Just A One Horse Race

This year has seen a further shake up in the profile of the containership orderbook. A decline in ordering in the larger boxship sector has been a major driving factor, most notably causing a significant reduction in the size of the South Korean orderbook. This month’s Shipbuilding Focus takes a closer look at the range of factors impacting the structure of the containership orderbook today. Racing Downhill The global containership orderbook stood at 368 vessels of a combined 2.8m TEU as of the start of November, representing a 58% decline ...

Read More »

When Shipping Petroleum, Air Pollution and Greenhouse Gas Emissions Costs More Than Accidents

While the policy debate surrounding crude oil transportation costs has emphasized accidents and spills, a new study by Carnegie Mellon University and University of Pittsburgh researchers indicates the debate is overlooking a far more serious external cost—air pollution and greenhouse gas emissions. Heinz College of Information Systems and Public Policy Professors of Economics and Public Policy Karen Clay and Akshaya Jha, the Department of Engineering and Public Policy and Tepper School of Business Lester and Judith Lave Professor of Economics Nicholas Muller, and the University of Pittsburgh Department of Economics Associate Professor Randall Walsh, presented ...

Read More »

VLCC Fixture from the Middle East on the Decline

Activity in the VLCC Middle East market plunged further over the course of the past week. In its latest weekly report, shipbroker Charles R. Weber said that “rates in the VLCC market were largely range bound this week with an expected upward push prevented by the appearance of hidden positions, which altered the supply/demand balance for the Middle East market’s November program.  A pause by charterers between the Middle East market’s November and December programs also tempered the positive undertones that had prevailed at last week’s close and led to modest ...

Read More »

Ship operating costs stabilise as market recovery lifts pressure

The cost of operating cargo ships rose marginally in 2017 following two consecutive years of falls, but shipowners should prepare for higher costs led by a spike in insurance premiums, according to the latest Ship Operating Costs Annual Review and Forecast 2017/18 report published by global shipping consultancy Drewry. After two years of marked decline, average vessel operating costs stabilised in 2017 as pressure on owners was lifted by a nascent recovery across most cargo shipping markets. Trends in ship operating costs are heavily linked to developments in the wider ...

Read More »

Recent Trends In Speed And Consumption Claims

Speed and consumption is always a “hot topic”, but unfortunately it is also one of the areas of law which bear a very large degree of uncertainty. Often, parties entering into a charterparty will fail to appreciate the significance of the definition of “good weather” that underlies the vessel’s performance warranty. Unfortunately, this may well come back to haunt them. The Didymi ([1988] 2 Lloyd’s Rep.108) laid down the principle, that if there is a suspicion as to a vessel’s performance, one has to look at the vessel’s performance in ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping