Dry Bulk It’s January and just as the sun rises every day, the time between Christmas and Chinese New Year is the traditional period where dry bulk takes a breather. Yes, the Chinese economy might not grow as strongly in 2022 as many in dry bulk had hoped, but there is still little reason to …
Splash Extra January 2022
Tankers: A tragedy in two acts
During January 2021, oil prices have risen to seven-year heights as traders gamble that demand for crude oil could outstrip supply later this year. Both Brent and WTI have added nearly 15% in January. Plenty of oil market analysts are forecasting that the prices will hit $100 per barrel unless or...
Soaring bunker prices tipped to clear out older tonnage
Bunker prices, already the highest they’ve been since 2012, are widely tipped to remain at severely elevated levels all year, leading to a greater swathe of the world merchant fleet deciding to slow steam where possible and forcing the hand of many vintage units towards demolition. The past week...
https://splash247.com/soaring-bunker-prices-tipped-to-clear-out-older-tonnage/
Congestion keeps box rates flying
Congestion continues to plague the container shipping markets. Logistics giant Kuehne & Nagel’s new Global Disruption Indicator shows that global teu days spent waiting was 11.56m on January 19 not far from a peak of around 13m at the end of December. The cycle time for ships going from port A and...
End of the lockdown party for bulk carriers?
During the Asian tiger economy years of the 1990s, the most the Baltic Dry Index (BDI) went up was by 34% in 1995, followed by a 34% correction in 1996 as the Asian financial crisis took hold. In 2006 the BDI averaged 3,180 then more than doubled to 7,070 in 2007 before it peaked and …
https://splash247.com/end-of-the-lockdown-party-for-bulk-carriers/
January 2022 Review
China’s zero-Covid-19 policy saw partial lockdowns at many key port cities in January including Ningbo, Tianjin, Dalian, Shenzhen and Shanghai. On January 5 Alphaliner confirmed Mediterranean Shipping Co (MSC) had toppled Maersk at the top of the box rankings. With a confirmed vessel orderbook of...
The best ports during the pandemic
I’ve been very lucky to work from home for the last 10 years. Working with colleagues in Asia, I’m up super early. Don’t feel any pity, all this means is that by midday I can be passing the news baton on to colleagues in Europe and North America and hitting the ski slopes. Anyway, as …