By Rebecca Galanopoulos Jones- Head of research, Alibra Shipping Ltd. As the dry market dropped off following the highs seen in September 2019, the underlying sentiment was that only a resolution in the ongoing trade war between the US and China would signal a change of fortune and provide a … [Read more...] about Coronavirus fears add to worries over health of global dry market
Overall current orderbook levels are low on the whole both for tankers and dry and this is allowing the yards to manage orders efficiently which is one of the reasons why slippage- the amount of ships due to be delivered during a certain period that are shunted over to the next- levels have been on … [Read more...] about Has the pandemic had an impact on slippage and orderbook levels?
Tanker shipping was one of the few winners amid the global rout in stock markets and oil prices seen during the first few months of this year, in the face of falling industrial activity and weak demand as the world came to terms with the coronavirus pandemic. Over the last few months, we have … [Read more...] about Tanker groups emerge as oil market turmoil winners
17 November 2020 by Rebecca Galanopoulos Jones With a bleak outlook for tankers as we approach the end of the year and moving forward in to Q1, recent figures coming out of China are presenting some hope for the weak tanker market. The main economic indicators from Beijing are pointing to a … [Read more...] about China to the rescue: Country’s recovery a positive sign for otherwise gloomy tankers
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
By Rebecca Galanopoulos Jones, head of research, Alibra Shipping Ltd. Demand uncertainty has been behind much of the freight rate volatility that we have seen in the tanker market this year. Since the floating storage boom earlier this year where the period market experienced record breaking … [Read more...] about Winter is coming: Hope for tanker rates after summer stagnation
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