Recent News
Tankers: Oil Supply to Remain Limited, but Not For Long
15.11.2021Tanker owners are bound to benefit from more oil coming into the market from the start of 2022 onwards, as demand continues to recover. However, with plans around the world to move away from fossil fuels is bound to catch up in the long term.
learn more →Ship Recycling: “Steady as She Goes” During the Final Quarter of 2021
01.10.2021With tonnage supply in the ship recycling market not particularly impressive, shipbroker Clarkson Platou Hellas said that “all the talk this week centred around the reports from China amid the potential collapse of the property empire Evergrande which sent the industry into overdrive with uncertain sentiments for the steel markets”.
learn more →Tanker Market Subdued During July
16.08.2021The tanker market remained in subpar level during the month of July. According to the latest monthly report from OPEC, events in July provided little momentum to the languishing tanker market, with dirty freight rates remaining at subdued levels. As soon as positive signs appear on the horizon, offsetting darker clouds seem to emerge as well. Demand for tankers is expected to pick up in 2H21, easing the imbalance versus tonnage availability, further helped by increased scrapping and low new deliveries.
learn more →Preferred stock in the shipping sector
22.07.2021There has been an increasing trend for private equity investments in the shipping sector to take the form of preferred stock in either publicly listed or private companies, rather than through a more traditional method of establishing a joint venture with an established shipowner. Broadly speaking, preferred stock is stock that has whatever features are determined by the company, although typically the stock offers its holders priority dividend and liquidation rights over common equity holders – often with additional features built-in by the parties.
learn more →IMO has a new plan to reduce shipping’s carbon emissions; will it be enough?
08.07.2021Global shipping accounts for about 3% of the world’s annual carbon emissions, and pressure is intensifying on the industry to reduce that pollution to contribute to the international goal of net-zero carbon emissions by 2050.
learn more →Capesize Market Bounces Back After Dismal Start to the Week
14.06.2021The Capesize market leapt up in the latter part of the week, erasing most of the losses since the closing week of May. The Capesize 5TC opened the week with a relatively paltry $20,933, took some moderate losses early in the week to $19,845 before rebounding strongly to close out the week at $27,752.
learn more →Costamare’s Bond Issue Shows That Financing Can Be Found, but Scale is Ever More Important Today.
08.06.2021With financing being harder to raise, ship owners are actively looking at alternative sources of capital raising. Costamare did so by raising 100 million euros in unsecured bonds through the Athens Stock Exchange.With financing being harder to raise, ship owners are actively looking at alternative sources of capital raising. Costamare did so by raising 100 million euros in unsecured bonds through the Athens Stock Exchange.
learn more →Ship Recycling: Are High Prices Off the Table?
02.06.2021The latest developments in the ship recycling market suggest that the period of high offers presented by yards to ship owners are a thing of the past.
learn more →Skuld’s IMO 2020 sulphur cap experience.
25.05.2021More than a year has passed since the International Maritime Organization (IMO) mandate for the 0.50% sulphur cap for marine fuel (MARPOL Annex VI) came into force. The regulation orders ships to only use marine fuels with a sulphur content of no more than 0.50% sulphur.Skuld’s IMO 2020 sulphur cap experience
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