Tanker market

COVID19 To Take A Toll on Global Fleet Growth As Scrapping Decline!

Shanghai Shipyard

According to a Lloyd’s List article written by Adam Sharpe, floating storage was at record high last week as tanker rates slide while port calls in China show further decline than 2019 figures.

Market Dynamics in the Coming Days

Around 220 fewer ships will be delivered to the global market in the 2020-24 period than in the preceding five years, according to new data from Lloyd’s List Intelligence,

while the number of vessels scrapped in the opening four months of this year has fallen by 42%...

https://mfame.guru/covid19-to-take-a-toll-on-global-fleet-growth-as-scrapping-decline/

VV Report Highlights Poor Prospects For Tanker Market

  • VesselsValue has issued a new report after positive autumn and winter.
  • It analyses factors contributing to supply growth and demand constriction that affect tanker rates.
  • Lifting of US sanction, increased crude tanker supply, impact of the Coronavirus and increased fleet strength are analyzed.

According to an article published in Ship Insight and authored by Malcolm Latarche, VesselsValue has issued a report with contributing to supply growth and demand constriction for tanker rates.

Factors...

http://mfame.guru/vv-report-highlights-poor-prospects-for-tanker-market/

Concentrate on Long-term New Ships To Buy Time for the Chinese Oil Demand Rebound

  • Short term spike in the tanker market as geopolitical events and coronavirus outbreaks heightens.
  • The outbreak caused some short-term tanker rates to fall but still, the IMO 2020 situation looks beneficial for tanker giants like Scorpio
  • Analysts don’t know how they will make money out of this rate spike but they acknowledge the supply-demand imbalance has been rectified
  • Scorpio experienced extreme volatility in its share prices as market rates fluctuated.
  • The focus is now on long-term new...

http://mfame.guru/concentrate-on-long-term-new-ships-to-buy-time-for-the-chinese-oil-demand-rebound/

Global Shipping Recovers from 2020 As Tanker Market Grows

According to IHS Markit, the global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of the year after more than a decade of tough market conditions, reports the Gulf Today.

2020 Optimism?

The international shipping industry is responsible for the carriage of around 90 per cent of world trade. Shipping is the life blood of the global economy. Without shipping, intercontinental trade, the bulk transport of raw...

http://mfame.guru/global-shipping-recovers-from-2020-as-tanker-market-grows/

[Watch] Euronav CEO 2019 Tanker Shipping Market Preview

Watch Euronav CEO-Director Paddy Rodgers Speaking at the Tanker Shipping & Trade Conference & Awards, saying he hopes “people will keep their nerve and not chicken out”when rates begin to fall in the second quarter of 2019.

Disclaimer: This video is intended for informational purpose only. This may not be construed as a news item or advice of any sort. Please consult the experts in that field for the authenticity of the presentations.

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http://mfame.guru/watch-euronav-ceo-2019-tanker-shipping-market-preview/

A Look at How Tanker Companies are Approaching IMO 2020

While IMO 2020 is expected to bring great benefits to the product tanker market, the geopolitical situation yet could dampen its impact, reports Riviera Maritime Media.

2020 expectations

It is generally expected that something momentous will happen in the product tanker market in 2020, due to the need to ship large quantities of low-sulphur fuel, marine diesel oil and/or blended fuels from refinery to port.

This is expected to be preceded by a firming of rates and the excess of product tankers...

http://mfame.guru/a-look-at-how-tanker-companies-are-approaching-imo-2020/

Will Freight Rates Take A Toll on Scrubber Installations?

Freight rate jump has owners rethinking scrubber install schedules, reports Ship & Bunker.

Tanker marker scenario

The tanker market in particular has had a turbulent few weeks, Cosco sanctions, last weeks incidents in the Red Sea, US-China trade wars and potential of some sanctions impacting Turkey on the horizon.

Concerns in scrubber and fuel market

So the scrubber / not scrubber decisions that were taken months ago – how often should they be revalidated? Are the decisions taken months ago still...

http://mfame.guru/will-freight-rates-take-a-toll-on-scrubber-installations/

Trafigura Takes Up Share Deal With Scorpio

Scorpio Tankers has agreed to acquire Trafigura subsidiaries that have leasehold interests in 19 ships in an all-share transaction worth $803 million, reports Reuters.

Upswing in tanker market

The deal is the latest move by commodities trader Trafigura to convert its investments in ship leases and ships that transport its commodities into shares of shipping companies.

The strategy is in expectation of an upturn in the tanker market in the coming months and an accompanying increase in the value of...

http://mfame.guru/trafigura-takes-up-share-deal-with-scorpio/

VLCCs With Scrubbers Will Yield US$6,100/day More

US shipping research group McQuilling Services has released its 2019-2023 Tanker Market Outlook, reports Tanker Shipping & Trade.

Here’s an excerpt from it.

Basis of forecast

The outlook consists:

  • a five-year spot and time charter equivalent (TCE) outlook for eight vessel classes
  • a five-year asset price outlook and
  • one and three-year time charter rate forecast through 2023

The forecast is based on evaluating historical and projected tonnage supply and demand fundamentals in the tanker market.

Launch...

http://mfame.guru/vlccs-with-scrubbers-will-yield-us6100-day-more/

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