How the shipping industry prepares for the digital future


Cyberattacks? Ship delays? Problems fuel Henning Schleyerbach. That’s why he is just right at the DCSA. With his degree in physics and as a former IT expert at Hapag-Lloyd, he knows that there is a solution to every challenge.

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Demolition Market Off to a Good Start


Ship owners have been more active in the demolition market this week, as freight rates have retreated in most markets, triggering an exodus of older units. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it would appear that many more vessels are being talked around the market with Owners starting to consider options for their vintage units, especially as they start to adjust themselves to the IMO 2020 regulations and look for business opportunities.

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Dry bulk trade in 2020: continuing sluggish growth?


A further slowing of global dry bulk trade growth momentum unfolded last year. Estimates suggest that in 2019 as a whole growth was weak, below the previous year’s increase. Signs point to a similar outcome – a weak increase – in 2020.

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Dry Bulk Market: China’s Coal Imports Still a Major Factor


For all of China’s efforts to lower its dependance on coal as a primary energy source, the country remains a major factor for seaborne coal demand. In a recent weekly note, shipbroker Banchero Costa said that “China’s coal imports raced ahead in 2019, surprising many who had expected that in the months of 2019 to come the government would clamp down strictly on shipments. 

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IMO 2020: Price of Fuel the Main Reason of Concern for Ship Owners


With availability no longer an issue, ship owners are lamenting the significant rise in operating costs, due to the IMO 2020 rule. The reason being the almost doubling of fuel costs. In its latest weekly report, shipbroker Intermodal said that “the early days of IMO 2020 coming into force have certainly had an impact on the industry, but so far it seems that those who feared of major problems for global shipping have not been verified and it looks like we have avoided the destructive consequences.

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As Global Shipping Sails Into ‘Greener’ Future, Trade Faces Further Pressure


The global shipping industry embarked on a “greener” journey from the 1st of January as a new rule mandated by the International Maritime Organisation (IMO) on using low sulphur fuel oil to cut ship emissions takes effect, raising ocean haulage costs for exporters and importers.

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2019 Ends With Plethora of Newbuilding and S&P Deals


Ship owners have sought to seal a number of deals prior to the end of 2019, both in the newbuilding and the second hand markets. In its latest weekly report, shipbroker Allied Shipbroking noted that “things remained interesting for yet another week in the newbuilding market. 

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Fuel Tax Proposed to Fund $5 Billion R&D Plan


Eight global shipping associations have submitted a plan to the IMO for a fuel tax dedicated to helping eliminate CO2 emissions from international shipping. The tax would generate funds of about $5 billion over a 10-year period. 

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Tanker Market: Robust Levels All Around During November


The tanker market has been on a high during November as well. In its latest monthly report, OPEC said that dirty tanker spot freight rates in November remained at robust levels relative to the lacklustre performance seen for most of this year, but were down from the record highs seen in the previous month. 

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