The orderbook for very large ore carriers (VLOCs) is rapidly running out. According to Alphabulk, 14 VLOCs are scheduled for handover this year, marking the first time annual deliveries have fallen below 25 ships in four years. Meanwhile, just one 325,000 dwt vessel is scheduled for delivery in 2022. Thereafter the orderbook is empty of …
Brazilian miner Vale will no longer use VLOC bulkers converted from single hull VLCCs. Earlier this week, the last converted VLOC completed its journey and discharged in China marking the end of the use of the vessels by the Brazilian company. Vale announced the decision to discontinue the use of converted VLOCs earlier in the …
As 2017 kicks off we’re asking readers whether this year will be any better for the various sectors in shipping. Our latest online survey, dubbed MarPoll, asks readers for a couple of minutes of their time. The survey needs no registration and has 10 simple questions posed. There is room for readers to leave comments …
Box watchers at Alphaliner are predicting the idle container fleet will more than double between now and the end of the year. Alphaliner suggests the idle fleet could grow from the current 341,000 teu to hit 750,000 teu by the end of 2018. The analysts said the leap in idled tonnage was down to the …
Forget Vale’s disastrous start to the year, the real pain point for dry bulk — and one that will last years and change global trading patterns – is the horrendous impact of African swine fever in China. The outbreak of African swine fever in the world’s most populous nation and largest soybean buyer is reducing …
Is now a good time to snap up cheap secondhand dry bulk tonnage? Jason Jiang investigates. 2016 could be another disappointing year for those who are waiting for the rebound of bulk shipping market. The outlook remains negative amid reduced demand for iron ore and coal from China and India, the main demand-driving countries for …
The Brazilian miner has laid out some very robust iron ore production targets, writes Jeffrey Landsberg from Commodore Research. As was widely reported in April, Anglo American’s Minas Rio iron ore mine in Brazil will not be producing or selling any additional iron ore cargoes in 2018. Iron ore mining at Minas Rio will remain …
US-listed shipping stocks ended their head-scratching post-election rally on Thursday with a major correction that saw some stocks fall more than 50% since Wednesday’s close. NASDAQ-listed DryShips Inc. (NASDAQ: DRYS),...
J Mintzmyer from US-based Value Investor’s Edge is so confident that shares in NASDAQ-listed Golar LNG are set to soar that he has put money on the table for anyone who proves him wrong. Mintzmyer last month christened NASDAQ-listed Golar LNG as the “stock of the decade” as global LNG trade surges, led by Asian …
Charterers of boxships of all sizes are in for a tough couple of months with analysts at Alphaliner warning the short-term market outlook is “grim”. In its latest weekly report, Alphaliner stated that the boxship charter market is ending 2018 on a “rather uninspiring note” with continuously weak charter rates across the board, whilst the …
As 2017 kicks off we’re asking readers whether this year will be any better for the various sectors in shipping. Our latest online survey, dubbed MarPoll, asks readers for a couple of minutes of their time. The survey needs no registration and has 10 simple questions posed. There is room for readers to leave comments …
Overtonnaging in the chemical tanker sector will make it a challenging environment for at least the next two years, according to a new report from UK consultants Drewry. “The fleet will continue to expand because of the large number of orders placed in previous years, but growth will be subdued compared to 2015-16. While deliveries …
The price spread between low (VLSFO) and high (HSFO) sulphur fuel oil continues to widen across the world. Lorentzen & Stemoco noted in an update to clients today that the spread – often called the Hi5 – is now above $100 per ton in all the major bunkering hubs for the first time since before …
Demand from China is expected to propel the dry bulk market forward this year, as the country’s economy rebounds from the pandemic. In its latest weekly report, shipbroker Allied Shipbroking said that “the latest news from China’s National Bureau of Statistics (NBS) were highly optimistic and received with enthusiasm by investors worldwide, including those involved ...
Attacks on Saudi Arabian oil facilities follow an economic battle between presidents Trump and Xi, climate change, populism and digitalisation: all seem to be pushing shipping towards greater collaboration
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Danske Seaborg har alliereret sig med det USA-baserede klassifikationsselskab American Bureau of Shipping (ABS). Virksomheden er verdens førende klassifikationsselskab inden for såvel transport af nukleart materiale som idriftsættelse af reaktorteknologi som fremdrift på et fartøj, f.eks. i forsvarssektoren.
Liners ranked 21 to 40 in the world have grown their capacity by a combined 14% so far this year. Is this smart, muses Lars Jensen from Seaintelligence Consulting? The macro-level development in the liner shipping industry has largely been driven by the mega-carriers in the past years, with especially the injection of the new …
Door:Gerda Radder-Sterkens
