Home / Tag Archives: Tops (page 4)

Tag Archives: Tops

Tanker Market Revival Could Prompt More Ship Acquisitions

Tanker owners could be prompted to sell a part of their fleet in order to take advantage of the existing bullish market sentiment and capitalize on potential revaluations. In its latest weekly report, shipbroker Allied Shipbroking said that “the tanker market has pivoted towards a bullish trajectory for many months now, amidst a turbulent era in global energy markets. Yet many still hold mixed feelings. Within the current geopolitical turmoil, the blurred outlook for the Chinese economy, the depths of the ongoing energy crisis, and the strategical positions of OPEC+, ...

Read More »

Drewry urges shippers to start planning for decarbonisation in shipping, warns of up to $14 billion in extra costs

The imperative to decarbonise the global shipping industry is clear and present, however, many of the world’s largest importers and exporters are insufficiently informed about the full implications of the forthcoming new emissions regulations and the billions of dollars that will be added to freight costs in the future. Pressure to decarbonise and reduce emissions of greenhouse gases (GHG) is growing in all sectors. In shipping, the International Maritime Organisation’s target to reduce GHG emissions by 50% by 2050 (from a 2008 baseline) will be complemented by regional and national ...

Read More »

A climate-smart, sustainable and resilient maritime sector

At COP26 in Glasgow, nations reaffirmed their commitment towards the Paris Agreement temperature goal through the Glasgow Climate Pact. Decarbonizing global shipping is a critical part of reaching the Paris Agreement target of limiting global warming to 1.5°C and building zero emissions, resilient global supply chains that billions of people rely on for food, energy, medicine and multiple other critical societal needs. Today the shipping industry is the backbone of the world’s logistical supply chains, responsible for around 80% of all global trade and supported by 2 million seafarers. Accounting ...

Read More »

Newbuilding Orders Picking up the Pace

More deals are being reported in the newbuilding market, as ship owners are proceeding with further investments. In its latest weekly report, shipbroker Allied Shipbroking said that “things in the newbuilding pivoted over into a more fervent orbit as of late, given the increased number of fresh deals that came to light during the past few days or so. Finally, we saw some sort of movement in the dry bulk market, that had been in a relatively quiet mood for some time now. Thinking about the current sentiment and overall ...

Read More »

The thrill of Brazil – how record-breaking exports from the South American giant are boosting the VLCC market

As the VLCC market goes from strength to strength, we’re exploring some of the factors that are driving this trend. Oil demand across the world remains robust and is closing in on pre-Covid levels. At the same time, production levels are improving, and while OPEC and its allies have recently announced a small reduction in their quotas, alternative producers are posting record high production and exports that are resulting in fairly balanced oil markets. Brazil is one of those producers. Firstly, on the demand side, a fresh round of product ...

Read More »

September head-haul volumes fall 15.5% y/y as liner landscape faces change

In September 2022, head-haul and regional trade volumes were lower than in 2021 into all import regions except the Far East. Remarkably, volumes into North America, which led the surge in volumes during COVID, saw the greatest loss at -20.6% y/y. For container shipping the head-haul and regional trade volumes are the key drivers of ship demand and profitability. A head-haul trade is the direction of an interregional trade with the highest volume, such as Far East to North America. A regional trade is an intraregional trade such as within ...

Read More »

Ship Demolition Continues its Lackluster Trajectory

The ship recycling market has continued to show a lack of activity over the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “unlike the skies that will be lit above this weekend for the annual fireworks festivities, there remains a lack of spark in the recycling industry and despite the continued shortage of available tonnage, sentiment, surprisingly, has become weaker this week. Bangladesh have continuing issues internally with regards to their funding from local banks as the shortage of available U.S. Dollars bites further. Reports ...

Read More »

Cybersecurity: A sea of change ahead

Through the unprecedented rise in digitalisation across most sectors, cyber criminals now have more avenues of attack. The attacks are also becoming increasingly diverse, with ransomware, malware, viruses and hacks gaining popularity while at the same time cyberspaces are becoming more vulnerable to outside threats, be it from hacking groups or governments. At the end of 2020, ransomware attacks were up by 170% compared to the beginning of 2019 and average ransomware costs globally up by 145% in 2021 compared to 2020 as reported in the Howden “Cyber Insurance: A ...

Read More »

Depots to face the brunt of container surplus well into 2023; demand for containers to bounce back in long-term

The industry is witnessing a major slump in the order-to-inventory ratio with high inventories but slower demands. According to the November edition of the Container xChange Forecaster, this leaves a rippling effect across different stages of container logistics. One of the glaring issues which will impact container repositioning and container movement well into the year 2023 is insufficient depot space. “There is just not enough depot space to accommodate all the containers. With the further release of container inventory into the market (e.g., from the disposal of leasing fleets), there ...

Read More »

Tankers: Diesel Shortages in the EU and the US Could Generate more Cargoes from Asia

One of the main shortages caused by the existing conditions in the energy markets and the looming sanctions, revolves around diesel. In its latest weekly report, shipbroker Intermodal said that “only five weeks before western sanctions’ full effect, uncertainty over energy has markets and governments on the edge. What was initially thought to be an oil or gas crisis, turns out to be an unfolding diesel crisis, with scarce availability of the fuel and historically low inventories adding headwinds to an already tight market”. According to Intermodal’s Research Analyst, Ms. ...

Read More »

Inflation stalks vessel operating costs

Vessel operating cost inflation has accelerated in 2022 on mounting worldwide macroeconomic price pressures, despite some receding of Covid-19 related costs, according to the latest Ship Operating Costs Annual Review and Forecast 2022/23 report published by global shipping consultancy Drewry Drewry estimates that average daily operating costs across the 47 different ship types and sizes covered in the report rose for the fifth consecutive year to reach $7,474 in 2022, a rise of 2.2%. This compares with a much smaller 1.3% increase last year and a pre-pandemic trend of flatlining ...

Read More »

FBX Index November: Looking forward

What was quite a unidirectional market through October was suddenly bucked on as we move over into November. The theme of the month has been the mix of a rapid drop in demand for capacity, and aggressive rescheduling of sailings away from Asia outbound routes to pick up higher-paying cargo on the Transatlantic routes. Overall, the market continues to be quite bearish, FBX11 China/East Asia to North Europe is down -66.41% as recession bites in Europe. However, as always, the pace of decline has been dramatically shallower than Transpacific. FBX01 ...

Read More »

Biofuels Use in the Shipping Industry Could Soon Gain Traction

The use of biofuel blends in the shipping industry could become the norm in the following years, as they seem to make a lot of sense, as a stop-gap solution, until fossil fuel alternatives are available at a larger scale. In its latest weekly report, shipbroker Gibson said that “iquid biofuels are expected to have an important role to play in meeting future fuel requirements as the energy transition progresses and petroleum demand begins to come under pressure. Increasingly, these required biofuels will be from second and third generation biofuels ...

Read More »

Dry Bulk Market: Capesize Market Slipped Further This Week

Capesize The past week has had a negative trend overall, but closed up by the end. The average of the 5 Capesize time charter routes closed the week at $11,139, slipping $2,713 week-on week. The Brazil to Qingdao trade appeared to be very date specific this week with wide spreads seen on early December loading window, pricing $19.594 on Friday. Vessels were offered higher rates if they could make the end of November dates in Brazil ports. With year-end approaching, the market also saw both ship owners and charterers fixing ...

Read More »

Carrier commitment key to success for container terminal investments

Container terminals depend on carrier calls to generate business, which can vary according to market developments and liner network changes, which have been highly volatile of late. Hence, gaining carrier commitment, ideally through investment, is seen as a key mitigator of market risk, particularly where transhipment is the primary traffic-focus. And this is very much in evidence at Morocco’s Tanger Med port complex, according to Drewry’s latest research published in its Ports and Terminals Insight. Hapag-Lloyd’s strategic 10% stake in the Tanger Alliance terminal (TC3) has underpinned a steep ramp ...

Read More »

Recent Videos

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