Bulk carrier market will grow at a far slower pace in the next 10 years with the bigger vessel classes likely to benefit most, according to IHS Markit Maritime and Trade quarterly overview
Thai group Thoresen Thai Agencies restores profitability on the back of improving dry bulk market driven by a narrowing supply-demand gap.
Suezmaxes stand to benefit most from increase in US crude oil exports
The positive figures underline Qatar's forceful response to the need for greater resourcefulness in the face of the removal of access to regional transhipment hubs since the standoff began 5 June.
Speculation of a new six-ship Capesize order could herald another round of large bulk carrier ordering as newbuilding prices continue to decline in an intensely competitive shipyard market.
Enterprise Products Partners LP and Navigator Holdings Ltd plan to develop an ethylene marine export terminal on the Houston Ship Channel, but just how big is the market for seaborne exports of US ethylene, and will economics drive Asia to take more volumes?
China will provide support for LPG carriers, supported by strong demand from the petrochemical sector.
The ship’s owner, London-based Lomar Shipping, today said in an incident update that a “detailed strategy for the complex task of removing containers and re-floating the vessel” is still under consideration.
Rates in the Asian freight markets have diverged this week, with Capesize rates rising while Panamaxes and Supramaxes came under pressure.
Japan’s shipbuilding industry is headed for a slump as the shipyards’ earnings tumble in the first quarter due to subdued market conditions.