China’s increasing use of scrap in steel production is likely to negatively affect coking coal imports and, in turn, damage the market for large dry bulk vessels, including Capesizes and Kamsarmaxes, Fairplay was told.
Offshore vessel operators are expected to see the market rebound over the next five years.
The better conditions come after the tanker market suffered its worst year in 25 years, while the dry cargo market has slowly recovered from a sustained downturn.
The commercial impact of the IMO regulations need to be considered rather than the technical challenges, one shipowner told Fairplay.
Sale highlights company’s poor profitability; third consecutive loss looming.
According to Toepfer Transport’s head of research, Nicolas Breiding, tonnage demand from operators slowed down due to a combination of factors
Alternative markets for US soyabeans and healthy coal demand will fuel vessel demand.
Charles Maltby believes that the price differential between heavy-sulphur fuel oil and low-sulphur fuel oil will be negligible.
The development is another blow as concerns linger about bunkering group’s financials.
A significant proportion of fixtures seems to be speculative, prompted by reduced rate levels and the anticipation of continued cargo volume growth next year.