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.
The company plans to build vessels with a lower carbon footprint in the Pacific Islands.
Healthy dry bulk rates and rising OSV utilisation contribute to the surge in bottom line.