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Tag Archives: Tops

Dry bulk shipping: Strong demand improves market as it exceeds high fleet growth

A critical work of balance has been going on in the dry bulk market for quite some time. In its latest short-term outlook of the dry bulk market, issued yesterday, BIMCO said that should demolition fall short by 5m DWT, fleet growth will jump to 3.4%. For the recovery to stay on track, the supply side must be handled extremely carefully as the demand growth is expected to be around 3.5%. This was among the key assumptions of the latest report, issued by BIMCO’s Chief Shipping Analyst, Mr. Peter Sand. ...

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Moving Containers Globally? Let’s Stick Together!

Container shipping is often thought of as the ‘glue’ which keeps the world economy turning, providing a low unit cost way of moving both manufactures and a range of other goods between producers and consumers around the world. As such, container ports and terminals are crucial nodes in the world’s transportation system, and their sheer number and ubiquity merits a close look. Glorious Glue Container shipping has come a long way since the voyage of the Ideal-X back in 1956, and today almost every corner of the world is connected ...

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Tanker shipping: All eyes on oil market rebalancing – is it happening or not?

Demand The one key factor to watch is the one thing that’s impossible to measure accurately on a global scale – oil stocks. Global stocks for both crude oil and oil products rose significantly following the sharp fall in crude oil prices in the second half of 2014. But while this may seem to be in the past, it is still haunting the oil market and the oil tanker market. Demand in the tanker market is below normal levels and will only increase once the global oil stocks have been ...

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Higher Refinery Outages Plague Product Tanker Market

In what has been a turbulent year for the product tanker market, it seems that 2017 has seen a notable increase in unplanned refinery outages, which has naturally had an impact on the product tanker market. In its latest weekly report, shipbroker Gibson said that “whilst consistent data is hard to come by, it certainly seems like unplanned outages are higher than in previous years. We presume this is due to a number of factors. Firstly, margins have been generally strong since the oil price crash in 2014, even in ...

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Will the Baltic Dry Index (BDI) rebound or further decline?

Tracking the BDI After a depressed period of almost eight years, some predicted the dry bulk market to recover, or to at least improve, in 2017 from its record low of 291 points in February 2016. The BDI began this year promisingly near the 1,000-point mark and rose to 1,300 points by April 2017. However, there has since been a decline. At the end of July, it was hovering at around 960 points. The long road to recovery There are some signs of improvement. On the demand side, the dry ...

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Hitting The Range? Look Far And Wide…

The trend of vessel upsizing in the containership sector has been well reported, but the flexibility of much of the containership fleet has meant that different storylines have evolved across the trade lanes. Larger and larger ships cast an obvious shadow, but a wide range of capacity, in relative terms, isn’t always to be found where it might be most expected… Big Guns Deployed Boxships at the very upper end of the size range are generally deployed on the Asia-Europe trade. The average size of ships on this route (the ...

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Tanker Market: China and US making waves in the oil market

The crude oil market has been going several fundamental shifts these past couple of W-O-W change years. With shale oil creating havoc in terms of key production and consumption regions and the “opening of the taps” agreement made by OPEC back in 2014 radically changing the supply/demand balance. During these past three years however another import trend has been establishing itself, as Asia and the Far East have been slowly dethroning the U.S. and Europe as the main importing region of crude oil. According to Mr. George Lazaridis, Head of ...

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Dry Bulk Supramax FFA: September rates could find support between $9,650 – $9,475

Supramax Index Weekly Support –9,081 8,486, 7,948 Resistance – 9,650, 10,198, 11,016 The bullish trend remains in place and has closed above the USD 9,081. This would suggest the technical resistance zone between USD 9,650 – USD 10,198 could be tested. The stochastic remains a concern as we continue to see a bearish divergence in play. Not a sell signal it does warn of weakening momentum and market longs should keep risk tight in case of a corrective wave. It is worth noting that the previous two upward moves in ...

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Class Societies: A Broad Curriculum?

IACS member class societies are a key part of the shipping environment, helping to ensure the safety and seaworthiness of the majority of global fleet tonnage. Whilst there is a high degree of international cooperation, with common rules guiding all 12 members of IACS, ship type and geographical trends still play a key role, and many class societies still specialise heavily in certain sectors and countries. Checking The Timetable Around 95% of global fleet tonnage is classed by IACS member class societies, with the owners of almost all large merchant ...

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Dry Bulk: Rise In Iron Ore Demand is Pulling the Market Higher

Capesize ship owners have reasons to be cheerful as the summer nears its end. As stated in Cotzias Intermodal Shipping’s latest weekly report, “the upward trend in the Capesize segment is definitely being supported by the strong momentum in the key iron ore trade routes. The price of high quality iron ore is now trading up around 47% from its 2017 lows just two months ago as Chinese anti-pollution crackdown on its heavy industries has forced the country’s steelmakers to chase high-quality imports and avoid domestic producers that contend with ...

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China’s Dry Bulk Supply Network: A Growing Web?

As Chinese dry bulk demand has surged over recent decades, with imports rising from around 140mt in 2000 to over 1,600mt in 2016, the country’s supply network has expanded significantly. Whilst the continued diversification of China’s dry bulk import supply appears to have stalled recently, the clear long-term trend has been one of a gradually broadening trade network to feed China’s rising appetite. Diversification For The Nation Over the last two decades, rapid industrialisation and urbanisation in China has led to dramatic growth in demand for dry bulk goods. In ...

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Dry Bulk FFA: Panamax currently in a corrective phase but remains bullish above USD 8,765

Highlights: • Panamax Index-currently in a corrective phase but remains bullish above USD 8,765, however caution on a weekly close below USD 10,188 as this could be an early sign of slowing upside momentum. • Sep – The mean reversion gap has been filled, technically bullish above USD 10,320 • Q4 – As expected a corrective wave has formed. USD 10,448 is the key support, a close below here would neutralise the current bull trend. • Cal 18 – Unlike the rest of the Panamax complex the Cal 18 has ...

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Conditions prime for more ship demolitions

Activity in the demolition market is primed for an increase, a trend already occurring in the industry. With prices rising above the $400/lt LDT mark, ship owners are more eager to dispose of their older ships. In its latest weekly report, GMS, the leading cash buyer of ships said that “the omnipresent heat permeating through virtually all of the major recycling destinations continued for another week as some MASSIVE priced deals were concluded to increasingly eager cash buyers, as sub-continent levels for most decent spec units are now positioned well ...

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Asian MR Market Firm in All Key Regions

The recent strength in the Asian LR tanker market has trickled down into the MR segment. The MR market has firmed lately on the back of busy activity and tight vessel availability in all key regions- AG/West Coast India (WCI), Singapore and North Asia. In the AG/WCI market, firm demand for shorthaul voyages within the region and East Africa runs as well as a tight tonnage list has underpinned MR rates. Rates for the key AG/Japan route jumped by w5 points w-o-w to w155. Tender data indicates that Tanzania and ...

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Dry Bulk FFA: Capesize Index Remains in a bull trend but holding at the weekly technical resistance zone

Capesize Index Support – 16,771, 15,301, 12,322 Resistance – 20,657, 27,866 Resistance at USD 20,657 Support 16,771 Weekly stochastic in overbought territory Daily stochastic in overbought territory. The capsize index remains in a bullish trend and has entered the resistance zone mentioned last week. The stochastic in both the weekly and daily charts remain in overbought territory. There are small signs that the resistance is holding with the daily chart showing a small pullback from recent highs. However daily momentum is already showing signs that is could be slowing on ...

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