A strong Asian tanker market is expected in the fourth quarter with visible signs of a recovery after being under acute supply pressure for most part of the year, participants said. In the dirty tanker markets, rates are already close to their highest level this year and the uptrend is expected to...
https://www.hellenicshippingnews.com/asia-tankers-q3-iran-sanctions-lift-dirty-clean-supply-tight/
While oil prices are reaching a 4-year high, continued US output growth and the new Russia-Saudi Arabia oil deal are posing a question to whether the market is entering a new era, QNB noted in its weekly ‘economic commentary. The QNB analysis, which delves into the demand and supply factors of the...
https://www.hellenicshippingnews.com/oil-market-broadly-balanced-says-qnb/
Mark Johnson, a transactional lawyer and former naval officer and ship captain, has joined Haynes and Boone, LLP as a London partner in the firm’s Shipping Practice. Mark has extensive experience advising on the construction, sale and purchase, financing, management, operation and ownership of all...
It’s tempting to look at the relative resilience of China’s imports of major commodities in September and conclude that the world’s second-biggest economy is weathering the trade dispute with the United States quite well. The problem with this view is that while the trade conflict certainly looms...
The world is pumping out more oil and other petroleum liquids than ever before. Global supply rose to 100.3 million barrels a day in the third quarter, the International Energy Agency said Friday in its monthly oil market report. Output, which includes crude oil, natural gas liquids, biofuels and...
Watson Farley & Williams (“WFW”) advised BNP Paribas Hong Kong Branch as facility agent on a US$116.5m loan facility to AVIC International Leasing Co., Ltd. (“AVIC Leasing’’). The facility is being used to finance five product tankers under a sale and leaseback transaction between AVIC Leasing and...
Since the end of 2016, we have been witnessing a rather impressive recovery being noted in the dry bulk market. Given that much hope has Source: Allied Shipbroking
https://www.hellenicshippingnews.com/allieds-weekly-market-report-week-41-2018/
BlackRock Inc. grew its position in Ship Finance International Limited (NYSE:SFL) by 51.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,217,374 shares of the shipping company’s stock after purchasing...
SOGET, world specialist in Port Community Systems (PCS), and Microsoft, world leader in technology, are strengthening their partnership to offer a secure digital environment for maritime and port economy stakeholders. From US$1,500 billion in 2010, the added value of the world maritime economy...
Japanese shipbuilders received export orders for a total 668,098 gross tons across 17 vessels in September, down 12% year on year and down 43.7% from August, Japan Ship Exporters Association data released Monday showed. A JSEA official said that despite the decline, orders in September were still...