Entries by xenorob

Less pain but not much gain for dry bulk market in 2017 says MSI

The surge in spot earnings at the end of 2016 was welcome, but MSI warns not to rely on a continuation of this short term strength London, January 16, 2017. The dry bulk market’s strong end to 2016 is unlikely to last long into 2017, according to the latest research from Maritime Strategies International. In […]

Tanker Market: VLCCs ended 2016 with a bang, as doubts linger entering 2017

The VLCC market concluded 2016 on a strong note, with average earnings during December surging to a nine‐month high of approximately $62,184/day. Despite a 30% y/y decline, 2016’s average earnings of $46,591/day represented the second‐strongest year since 2009 – and the third strongest year of the past decade, said shipbroker Charles R. Weber in its […]

Ballast Water Management – 2016 and Beyond

Simon Bonnett, Safety & Technical Manager (London) outlines the status of ballast water management regulations, problems facing owners and operators, and the need for responsive flag administrations The International Convention for the Control and Management of Ships’ Ballast Water and Sediments (the “Convention”) enters into force on 8 September 2017. The implementation schedule for the […]

2016 Review: Lots Of Records But Not All Welcome!

There have been plenty of record breaking facts and figures to report across 2016, unfortunately mostly of a gloomy nature! From a record low for the Baltic Dry Index in February to a post-1990 low for the ClarkSea Index in August, there have certainly been plenty of challenges. That hasn’t stopped investors however (S&P not […]

Multipurpose shipping freight rates to improve by end 2017

The multipurpose shipping market will see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container shipping markets, according to the latest Multipurpose Shipping Market Review and Forecaster report published by global shipping consultancy Drewry. Dry cargo demand is weak but strengthening with multipurpose shipping […]

Shipping and Global Trade Growth: What to look for in 2017?

It’s been a turbulent year for world trade growth during 2016, as bumps and shakes were in the daily agenda over the course of the year. In a recent note, shipbroker Allied Shipbroking noted that “growing populist and nationalist movements in the Western world start to take hold. Trade openness has been on a slowing […]

The Changing Landscape of Global Ports

As business and politics shift around the world, various ports are emerging as new (and sometimes surprising) mega-hubs. When you look under the surface, though, a handful of factors are driving the question of which ports will become major worldwide players by 2020. Infrastructure investment payoffs The emerging global shipping hubs have benefitted from significant […]

How hard will OPEC’s production cuts hit tanker markets in 2017?

The fourth quarter of 2016 is capping what has been a mixed 12 months for the tanker markets. The agreement by OPEC members and non-members alike to cut production in an attempt to reduce oversupply will be a core determinant of conditions in 2017. The latest MSI Quarterly Tanker Market analysis* finds that despite the […]