Shipping market analysis

Weberseas Weekly Market Intelligence Report – Week 36,2023

Credit: world wide market reports
Sustainability

Eastern Pacific Shipping signed MoUs on development of the world’s first ammonia. Ammonia dual-fuel engines will be fitted in a fleet of EPS-managed Newcastle Maxes and Very Large Ammonia Carriers slated for delivery from 2026 onwards. Eastern Pacific Shipping, MAN Energy Solutions, HD Hyundai Heavy Industries Co., Ltd., and yards from the China State Shipbuilding Corporation announced collaboration on the development of an ammonia burning engine...

https://mfame.guru/weberseas-weekly-market-intelligence-report-week-362023/

BIMCO Tanker Shipping Market Analysis

BIMCO bucks general consensus on tanker markets outlook in 2020. The general consensus is the tanker market will benefit from IMO 2020 but BIMCO has a different assessment: “tanker demolition is slowing and ordering is on the rise.”

Demand for fleet growth

By the middle of August, the tanker fleet has already grown by 4.3%. Growth in the crude oil tanker fleet is particularly high with BIMCO expecting full year growth of 5.3%.

The higher fleet growth comes not only from increased deliveries, but...

http://mfame.guru/bimco-tanker-shipping-market-analysis/