This week the capesize time charter rates have balanced out from the recent downward trend and as such, rates have remained flat. Given the positive momentum of the capesize spot market this week which, based on Chinese iron ore demand, is expected to continue to the end of the month at least, we … [Read more...] about Capesize momentum expected to continue in the short term – Alibra cape insight September 2020
In Q3 2019, the average time charter rate for a VLCC for one year was up 53% from Q3 2018 at $32,464/pdpr, rates were also up 5% from Q2. This was due to the unprecedented surge in crude tanker spot rates at the end of the third quarter, caused by a combination of factors that restricted vessel … [Read more...] about Tanker TC rates bounce back
The capesize spot market has surged over the past few weeks with the Baltic Dry Index (BDI) closing at 1555 last Friday, the highest levels seen since December 2019. This momentum has been driven by the capesize segment, thanks to increased demand for iron ore from China that has spurred a solid … [Read more...] about Capes lead Bulk Carrier rally
Featured in Tradewinds Renewed concerns over the health of the global economy spurred on by fears over the rapid spread of the corona virus in China that have shaken the market, compounding fears that the trade war could affect demand. The last few weeks have shown the traditional dramatic … [Read more...] about Coronavirus fears add to worries over health of global dry market
US China trade talks conclude The Chinese Commerce Ministry has commented that the concluded round of trade talks were extensive and have laid the foundations for a resolution of the dispute. The ministry said that both parties have agreed to remain in close contact. The US also released a … [Read more...] about China -US trade war update
What is the next big thing that you foresee in the new year- After the 2020 regulations come into force, what do you think will be the next big issue in the market? In my opinion, the next big thing will be the market-based measures that the IMO and probably Europe will likely impose such as the … [Read more...] about Interview with a CEO
Earlier this week, the spot market rose at an unprecedented rate and there were reports that VLCCs were fixing at over $300,000/day. However, at the time of writing the spot market has dropped to around $110,000/day and although drastically lower than rates seen earlier this week, this is still much … [Read more...] about Confidence in tanker period market soars following spot market rally
How labour intensive are scrubbers? The equipment is designed in a way that allows for the scrubber to operate without any interference from the crew. Are there any operational issues facing scrubber technology? The technical issues to be addressed should include: 1.Damper control could … [Read more...] about Scrubber factsheet- technical point of view.