dry bulk shipping

Ship fuel spreads and LNG prices fall to lowest levels in years

chart of ship fuel price spreads

Fuel is one of the biggest costs in ocean shipping, and fuel pricing has seen some big changes in recent months, featuring new dynamics that haven’t been seen in years.

Prior to the IMO 2020 regulation implemented on Jan. 1, 2020, most of the world’s commercial ships ran on 3.5% sulfur fuel known as high sulfur fuel oil (HSFO). Ships with exhaust-gas scrubbers can continue to burn HSFO under IMO 2020, while others — the majority of the commercial fleet — have switched to more expensive fuel with...

https://www.freightwaves.com/news/ship-fuel-price-dynamics-in-flux-as-war-effect-wanes

How ‘historic’ decarbonization deal could inflate future shipping rates

Decarbonizing shipping is like herding cats, and that herd, otherwise known as the International Maritime Organization (IMO), unveiled major new global emission-reduction targets Friday.

From a future freight rate perspective, it was a win for tanker and dry bulker owners. The uncertainty over future regulations that has stymied newbuilding orders was not only kept in place, it was exacerbated.

“Ultimately, the result is a much more aggressive ‘where’ target, without much additional clarity on...

https://www.freightwaves.com/news/how-historic-shipping-decarbonization-deal-could-inflate-freight-rates

Shipping faces fallout as China’s post-COVID rebound falls flat

chart showing spot rates from China to the US

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A strong Chinese economy creates a virtuous cycle for ocean shipping. The manufacture of goods...

https://www.freightwaves.com/news/shipping-faces-fallout-as-chinas-post-covid-rebound-falls-flat

Shipping stock sell-off: Shares down double digits since March

chart showing shipping stock prices

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Look at virtually any stock chart in any ocean shipping sector and you’ll see a similar pattern....

https://www.freightwaves.com/news/shipping-stock-sell-off-battered-shares-down-double-digits-since-march

What will happen if Russia blocks Black Sea grain ships?

Russia is threatening to pull the plug on the Black Sea Grain Initiative on May 18, blocking Ukrainian seaborne exports of corn and wheat. The European Union has banned Ukrainian agriculture exports to neighboring Romania, Bulgaria, Poland, Hungary and Slovakia until June 5, with an extension through year-end possible. The Tolyatti-Odessa pipeline, a key conduit for Russian exports of ammonia — a vital fertilizer feedstock — remains offline.

CNBC recently warned that “the basic food security of...

https://www.freightwaves.com/news/what-will-happen-if-russia-blocks-the-black-sea-grain-ships

China-Russia vs. US-EU: How global shipping is slowly splitting in two

Another meeting between a House speaker and Taiwan’s president, another spike in tensions in the Taiwan Strait.

Last summer’s meeting between Taiwan President Tsai Ing-wen and Nancy Pelosi prompted Chinese live-fire exercises. Wednesday’s meeting with Speaker Kevin McCarthy prompted new Chinese sanctions targeting U.S. interests and a Chinese inspection plan targeting commercial ships in the Taiwan Strait. Chinese warships and helicopters were active in the strait on Friday.

Ever-worsening...

https://www.freightwaves.com/news/china-russia-vs-us-eu-how-global-shipping-is-splitting-in-two

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