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The defining feature of the current asset market is not limited to five-year-old tonnage trading above newbuilding prices. Repricing spans the entire age curve and intensifies with vessel age. VLCC values are up 30% year-over-year at five years, 42% at ten years, 61% at fifteen years, and 90% at twenty years. The Suezmax curve shows ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
VLCC fundamentals have softened from the tighter conditions seen earlier this year. Active VLCC tonne mile demand declined in August, while the ballast fleet increased as more vessels completed laden…
Weekly changes in LNG bunker prices: Rotterdam up by $83/mt to $1,429/mt Singapore up by $46/mt to $1,489/mt Baltics up by $85/mt to $1,534/mt ARA Rotterdam’s LNG bunker price has risen for a fifth…
John Healey's Coventry speech, with its emphasis on growth, was an improvement on his predecessor's doom-laden, trades union-focused start in office.
The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, fell by 1.4% to 3,575 points on Monday, snapping a three-day advance but staying near its…
The EU ETS is expected to keep impacting shipping both in the near and in the long term, following the latest gas price increases.
MUFG’s Lloyd Chan warns that upcoming US inflation data could test the recent Rupiah recovery, as firmer US inflation may reinforce elevated US yields and challenge USD/IDR’s break below 17,700.
