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

Matrix for the cheapest bunker ports for the most common voyages.

Anchor Shipbroking Weekly Market Report – Week 03 2020

A quiet trading day at the ports as most market players have already started their holidays. DCE iron ore futures rose slightly the sporadic

It has been another positive week across the Indian subcontinent ship recycling locations, with further improvements on levels and demand,

VLCC earnings have continued to come off the boil, with TD 3 C shedding points to now stand at around WS 85 Earnings have slumped to USD

A sixth consecutive index fall, the longest such run since the 1q19, saw the SSY Atlantic Capesize Index drop to a near seven-month low of 7,638 points. The fronthaul rate (180k dwt) retreated to $26,000/day

The SSY Pacific Capesize Index fell by 405 points week-on-week to the lowest level since May 2019 at 4,547 points as iron ore and coal spot voyage rates declined across the basin. The W.Australia-China rate

The tanker market is among the key beneficiaries of the recent US-China Phase 1 trade agreement. However, other markets could benefit as well. In its latest weekly report, shipbroker Gibson said that “after nearly two years of trade tensions, the US and China have finally signed the long-awaited phase one trade deal, helping to ease economic fears and boosting market confidence. The Trump government claims an enormous win as well as a political victory, being able to make progress where previous administrations have failed. The centrepiece of the trade agreement ...

Capesize The market was relatively stable over this past week putting an end to the past months of more extreme declines. While the Capesize 5TC still softened marginally, opening the week at $9,438 and closing it at $8,352, market fundamentals appear to have stabilised with a dismal floor for owners in the Pacific and a tight tonnage situation in the Atlantic commanding a premium. In the Pacific the C5 closed out the week at $6.832 with the Pacific round C10 trading at $3,871. While bunkers gave a bit of reprieve ...

It took two long years for Hong Kong-based ship manager Anglo-Eastern and its technology partner Wärtsilä to agree on the right path for digitising the Anglo-Eastern fleet, but the programme the two firms developed is a game-changer for the maritime industry. The solution supports full voyage planning and execution as well as engine performance and fuel-efficiency monitoring. “It is a lighthouse deal. We deliver our solution to 600 vessels managed by AESM, but there are 60 ship-owning companies behind Anglo-Eastern as the ship management company. That makes it very important ...

U.S. refiners are scooping up cheap high-sulfur fuel oil for processing from Russia and the Baltic states as they take advantage of new shipping rules that have cut demand for the dirtier marine fuel, according to oil traders and shipping data. U.S. refiners Valero Corp, Chevron Corp and Phillips 66 have been buying HSFO, traders said, taking advantage of their complex operations to turn HSFO blended with crude oils into products like diesel, gasoil and gasoline. This month, 2.2 million tonnes of fuel oil, largely from Russia and the Baltic ...

VLCC A quieter week in the Middle East, alongside falling bunker prices has left owners unable to maintain rate levels. 280,000mt to USG lost around 10 points to WS50 level, while rates for 270,000mt to China weakened 25% to WS85. In the Atlantic, there was a similar scenario with 260,000mt West Africa/China down 30% to WS75 after a late flurry of activity on Thursday, and 280,000mt USG/China shed $3m to $11.5m. Suezmax Rates for 130,000 West Africa/UK-Continent fell 25 points to WS130 on the back of a lengthening position list ...

Deliveries of 0.5% sulfur fuel oil and prices for the new product rose at major bunkering hubs at the end of 2019, according to the latest report from the International Energy Agency published Thursday. “We are starting to see the first data on the [IMO 2020] transition and, it appears that deliveries of the VLSFO bunkers are increasing fast,” the IEA said. “In Rotterdam, [the Netherlands], they rose from almost nothing in September to more than 20,000 b/d in November and deliveries represented 51.6% of the total bunker market in ...

With a sluggish start in the VLCC market, following the profit taking at the end of last week, TD3 came off some twenty-three percent, before an

The goal of the International Maritime Organization (IMO) to turn the oceangoing vessel industry emissions and carbon free beyond 2050 will require a technological replacement to the dominant fossil fuel-burning engines of the world’s maritime fleet, World Shipping Council President and CEO John Butler told U.S. lawmakers of the House Coast Guard and Maritime Transportation Subcommittee on Tuesday. While emissions- and carbon-free technologies, such as battery and hydrogen power, are already in the development stages for short-sea and ferry vessel applications, their scale is nowhere near the level to power ...