Home / Tag Archives: Tops (page 2)

Tag Archives: Tops

Shipping could benefit from increased world trade between East and West

China’s Belt and Road Initiative is slowly taking shape, as was evidenced over the course of the past few days. However, exactly how will shipping benefit from this colossal project is still a bit hazy, although most analysts would argue that the potential is there. In its latest weekly report, Allied Shipbroking discussed the developments surrounding the Belt and Road summit, which was held over the previous days, as Xi Jinping welcomed 28 heads of state and government in Beijing, “as he sought to further promote his most ambitious foreign ...

Read More »

Dry Bulk FFA Supramax Market on Correction Mode

Highlights: • Supramax Index- Little has changed on the index, the lower high would suggest a corrective or consolidation phase. • Q3 – A head and shoulders pattern has now formed. A neckline break that goes onto act as a resistance level is preferable due to the bullish divergence. • Cal 18 – Technically bearish, caution on a false breakout due to the divergence with the stochastic as it could prove to be a false breakout. • Q3 v Cal 18 – This chart is not as bearish as we ...

Read More »

LNG bunkering set to fuel a favourable future in Asia

The liquefied natural gas (LNG) bunkering market in Asia is gearing up for growth in the next two to three years. This is largely due to the implementation of stricter environmental regulations across the globe to improve the emissions performance of shipping companies. In particular, the International Maritime Organisation’s (IMO) 2020 deadline for a fuel sulphur cap of 0.5 per cent means there is growing impetus for the industry to resolve the structural and commercial obstacles that have been hindering the widespread adoption of LNG as a marine fuel. Although ...

Read More »

Ship owner expects soft tanker market to be the norm during 2017

Tanker owners are in for rough seas over the course of 2017, as rates aren’t bound for a recovery anytime soon, at least according to one of them. Teekay Tankers noted in its analysis and outlook of the tanker market, that “altough we recorded stronger average spot tanker rates for its Aframax and LR2 Product tanker fleets and rates similar for its Suezmax tanker in the first quarter of 2017, compared with rates for the fourth quarter 2016, the tanker market experienced downward pressure over the course of the first ...

Read More »

Panamax Dry Bulk FFA in Oversold Territory

Panamax Index Weekly Support – 7,237, 7,027, 6,459 Resistance – 9,400, 10,000, 11,084, 12,987 As mentioned last week the downward move has edged closer to the 200 period MA support, from a stochastic that was oversold. Technical support remains between USD 7,237 and USD 7,027 with a stochastic at 27 and now in oversold territory. Market buyers need to see support holding and the weekly chart producing bullish rejection candlestick before looking to enter from the long side, as the momentum although slowing remains bearish. Caution on any upward moves ...

Read More »

Liberian Registry cements position as No 1 choice for Greek shipping

Liberia has confirmed its position as the leading flag of choice for Greek ship owners and operators, according to statistics produced by the independent research and information organisation Marine Information Services (MIS) in Greece. The MIS figures show that the Greek merchant fleet now includes 1,037 Liberian-flag ships. Liberia also leads the way in terms of total deadweight tonnage registered under its flag by Greek owners, aggregating 78m dwt. Michalis Pantazopoulos, Senior Vice-President of the Liberian International Ship & Corporate Registry in Greece, says, “The MIS figures measure fleet size ...

Read More »

Dry Bulk Market Fortunes Still Reliant on Chinese Imports, but Tonnage Supply is Crucial As Well

Sometimes numbers are hard to resist, as they more often than not, tell the truth. In the case of dry bulk shipping, the undeniable truth is that, demand-wise, Chinese imports remain the most important determining factor behind the freight market’s fortunes. In its latest weekly report, shipbroker Intermodal noted that “according to the latese economic data, Chinese imports increased year-on-year 38% in February, 20% in March – which is approximately US$160-170b – whilst in April they failed reaching market estimates which were at 18% rise and remained at 12% rise ...

Read More »

Shipbuilders Feeling Forward Cover Fluctuations

Forward cover, an indicator of shipbuilders’ future work levels, is still declining at a global level. On a regional basis there are some interesting trends, with forward cover highest at European yards and at record lows at South Korean yards. This month’s Shipbuilding Focus investigates what factors have been behind these changes and how the situation may develop. Regional Peaks And Troughs Forward cover is one measure of shipbuilders’ future work, calculated here in CGT terms by dividing the current orderbook by the previous year’s output level. While as an ...

Read More »

Singapore’s April Bunker Sales Continue Upwards Streak

Overall bunker sales in Singapore expanded by 3.5% y-o-y to 4.25 mmt in April, continuing their unrelenting pace of growth. Sales volumes in Singapore have defied concerns that the introduction of mass flow meters (MFMs) at the beginning of January may lead to higher operating costs and a subsequent dip in demand, with y-o-y growth averaging 6.2% for the first four months of 2017. One reason for the elevated growth this year is the increase in average stem size despite the consecutive y-o-y fall in vessel arrivals for bunkering since ...

Read More »

Newbuilding Bulkers’ Prices on the Rise, as Ship Owners Turn to Higher Spec Vessels

Newbuilding activity is on the rise for a number of reasons, but demand isn’t the sole reason of the recent price hikes, which have been noted from shipbuilders. According to the latest report from shipbroker Allied Shipbroking, “the combination of a push towards higher spec units by shipbuilders and the increased costs of construction have pushed for a significant rise in the price being quoted for dry bulk vessels. This is likely to continue further, especially given the fact that at the current prevailing price levels there are still a ...

Read More »

Capesize Index- Holding within the support zone

Capesize Index Resistance – 13,214, 13,772, 15,301, 19,602, Support – 11, 414, 10,862, 9,468 The index held its support last week and this resulted in a bullish close on the weekly candle. However the candle itself was quite small and remains below the 8 period EMA, suggesting more needs to be done to convince that a technical bounce is upon us. The stochastic remains neutral around the 50 level, however volume has started to increase as has open interest, though this is marginal. A close above the 8 period EMA ...

Read More »

LPG freight rate recovery to be confined to smaller vessels

Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under pressure across most size segments. However, the small vessel segment is the only category where fleet growth will be minimal, leading to a recovery in rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry. Most vessel size segments are expected to witness another year of rapid supply growth in 2017, with the overall fleet forecast to expand by 16%. This will keep freight rates under ...

Read More »

Tanker Market Long-Hauls Supported By Venezuelan Oil, says Shipbroker

Venezuelan crude is supporting the tanker market, contrary to what one would believe. In its latest weekly report, shipbroker Gibson said that “back in 2012 the then president of Venezuela, Hugo Chavez stated that his government planned to more than double the country’s oil production to 6 million b/d by 2019. The plan included further diversification of its crude oil exports, with the aim to export 2.2 million b/d to Asia, 1.25 million b/d to Latin America and the Caribbean and a further 1.7 million b/d to North America and ...

Read More »

BIMCO Launches Latest Guidance For Charter Negotiations

Check Before Fixing is an indispensable tool used across the industry for daily chartering and shipping transactions. Since the first edition was issued more than 30 years ago, it has proved to be an invaluable checklist for negotiations, and there is already a waiting list for the most up to date version. Last revised in 2010, the new 2017 edition includes the most recent legal developments. The guidance reflects increasing regulatory requirements and includes current commercial practice and for the first time, it includes an important section on cyber security. ...

Read More »

The Ocean Victory – Supreme Court Decision

The UK Supreme Court has upheld the Court of Appeal’s ruling in The ‘Ocean Victory’ (Gard Marine and Energy Limited v China National Chartering Company Limited and Daiichi Chuo Kisen Kaisha (2017)) that the port of Kashima in Japan was legally safe. The Facts The ‘Ocean Victory’, a capsize bulk carrier, was discharging iron ore at Kashima in October 2006 but had to leave the berth because of long waves that were affecting the port. The vessel encountered gale force winds at the port entrance and subsequently ran aground, broke ...

Read More »

Recent Videos

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