Tanker 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

Russian crude prices have breached the G-7 price cap. Now what?

chart of Russian crude pricing

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The price of Russian Urals crude, exported from ports in the Black Sea and Baltic Sea, is now at or...

https://www.freightwaves.com/news/russian-crude-export-prices-breach-g-7-eu-price-cap-now-what

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

Experimental propeller in 1975 breaks midtrip, but crew notices no difference

FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here.

FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago.

In this edition, from the May 1975 issue of American Shipper, FreightWaves revisits a detailed account of an experiment on the seas.

The cushioned ride of a skewed propeller

First American O/B/O ships used to...

https://www.freightwaves.com/news/experimental-propeller-in-1975-breaks-midtrip-but-crew-notices-no-difference

As oil tumbles, marine fuel gets cheaper — and so do tanker stocks

chart of marine fuel prices

Russia — one of the world’s top energy providers — is mired in war. The OPEC cartel is cutting production. And yet, oil prices continue to tumble, weighed by global recession fears and concerns on Chinese demand.

For ocean shipping, this translates into cheaper marine fuel costs, a positive for operating margins, and much narrower fuel spreads, a negative for owners of vessels with exhaust gas scrubbers.

For listed tanker owners, the drop in oil prices is coinciding with faltering sentiment and...

https://www.freightwaves.com/news/as-oil-tumbles-marine-fuel-gets-cheaper-and-so-do-tanker-stocks

European tanker owners make a fortune off Russian oil trade

a chart showing crude and product tanker exports from Russia

The critics were quick to pounce when the EU banned imports of Russian crude and products and the EU and G-7 implemented price caps. It won’t work, they said. There won’t be enough ships to keep Russian trade flowing. Russian diesel and crude production will get shut in. It will lead to a global shortage, causing prices for consumers and businesses to spike. The sanction plan will backfire on Western governments.

None of this happened. The Western plan is working as designed. Russia is being...

https://www.freightwaves.com/news/private-tanker-owners-are-getting-rich-off-russian-price-caps

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

In search of shipping’s next supercycle: Are tankers next?

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There have been two historic shipping booms since the turn of the century. Could a third be around...

https://www.freightwaves.com/news/in-search-of-shippings-next-supercycle-are-tankers-next

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