Following the news of the attack, oil prices surged by as much as 4% amid fears of heightened tensions between the US and Iran. The vessels involved were the 27,000-dwt chemical tanker the Kokuka Courageous and the 110,000-dwt Front Altair that was believed to be carrying 75,000 tonnes of naphtha … [Read more...] about Gulf of Oman tanker incident
With an estimated 900 million people eligible to vote, more than the combined population of the US and the EU, this has the been the world’s largest electoral exercise but what does the future hold for the world’s largest democracy in terms of trade. A recent report by the Organisation of … [Read more...] about India’s growing demand.
Although official figures indicate that the UK’s global greenhouse gas emissions have fallen by 44% since 1990, climate change activist Greta Thunberg attacked governments for ‘very creative carbon accounting’ as this figure does not include various emissions categories, one of those being … [Read more...] about Slow steaming, a solution to reduce CO2 emissions?
Vale expected to resume operations at Brucutu mine Vale has said that it expects to resume operations at it’s Brucutu mine within 72 hours after a securities filing on Tuesday 16th April. The Brucutu mine is the largest in Brazil’s Minas Gerais state and was closed in early February following the … [Read more...] about In the news
The situation so far This week, high level crisis talks were held between the US and Russia in an attempt to resolve the ongoing political situation and humanitarian crisis in Venezuela. However, both sides remain at odds with the legitimacy of Nicholas Maduro as president with Russia and China … [Read more...] about Venezuela sanctions update
What are today’s smart investment opportunities? Greener fuels, optimization and automisation of the logistics chain (artificial intelligence) and autonomous ships are great R&D investments for larger shipping companies that can afford them, however there are significant financial barriers … [Read more...] about Interview with a maritime hedge fund manager
The average one-year time charter rate for capes is currently estimated to be the same as the one-year rates for a handysize at $10,500. Historically, when capesize rates have been equal or fallen below rates for smaller bulk carrier, this has signified that rates have bottomed out and the market … [Read more...] about Capesize period rates fall to those of much smaller vessels
World steel production update The latest figures from the World Steel Association for January 2019 show that global steel production has grown by 1% year on year. Unsurprisingly, much of this growth can be attributed to Chinese steel production that has lead the way once again with a increase of … [Read more...] about In the news