For those who read Splash carefully the penny ought to have dropped long ago, but just in case anyone was in any doubt about access to cash for old school shipping, I reckon the most startling thing I’ve read all month on our site were the stats relayed by chief correspondent Adis Ajdin last week …
Splash Extra May 2021
May 2021 Review
All funding for new oil, gas and coal supply projects must stop today if the world is to reach net zero emissions by mid-century, the International Energy Agency (IEA) said in a stark report issued last week on the urgent need to shift away from fossil fuels. The IEA said shipping is on track to …
Where is the tanker floor?
While freight rates are not firmly stuck at rock bottom, the lack of cargoes is a stressful element to every tanker owner these days, especially if you entered the market within the past two years as it has been anything but a steady ride. Using the current hiatus in cargo flows, wondering about...
Shipyards struggle with soaring steel prices
Inflation being reported around the world is set to have a large impact on newbuild prices as shipyards factor in soaring costs for steel. A chart prepared by Evercore ISI (see below) comparing the price of Chinese rebar prices and newbuild price developments for VLCCs, capesizes and large...
https://splash247.com/shipyards-struggle-with-soaring-steel-prices/
Container shipping and the Markov chain
It just gets better and better for the carriers in term of profits, as more parts of the global supply chain clogs up. That is no one’s fault really; and it can be put into a statistical and mathematical model – it even has a name to it: a continuous-time Markov chain. A Markov chain …
https://splash247.com/container-shipping-and-the-markov-chain/
The dry bulk bounce
Is this it? If this is how the end of the spectacular dry bulk spring 2021 bull-run looks like – so be it. It has been one hell of a ride. But why would it stop now? Splash Extra could counter that by questioning whether it ever actually began. Demand is down from Q4 2020 …