Exploration and production companies are expected to enter 2020 with measured optimism for offshore exploration prospects, after 2019 delivered a moderate increase in exploration drilling and no-so-moderate rise in licensing activity. Read more here
Now you see them: dry bulk market haunted by phantom orderbook
Will Fray comments in Splash- ‘The late reporting of orders to qualify ships as IMO tier II compliant fails to mask a continued fall in 2019 contracting’ – Read more
Future Tendencies in the Global Shipbuilding market
Dr. Adam Kent presents at the OECD on the shipbuilding market, looking at vessel demand, supply side changes, emissions and the evolution of shipbuilding. Read his presentation here
DP World chomps its way toward end-to-end logistics after swallowing up Feedertech
Take a look at Daniel Richard’s comments on the latest with DP world’s acquisition of Feedertech. Read more
LNG carrier spot rates treble
Stuart Nicoll, MSI director, says in TradeWinds ‘The rise of US production this year and weak demand in Asia has driven volumes to Europe and kept gas prices low this year’ Read more
LNG Shipping heats up but market is subject to short term effects
Latest report from MSI notes that spot rates for DFDE tonnage were reported as high as $130,000/day in October. Read more
Flatlining growth puts squeeze on big boxship owners in 2020
Is the future looking bleak for freight rates? MSI share thoughts on what the future might hold for liner companies. Read more
Now is not the time to leave slow steaming out of the IMOs toolkit
Take a look in TradeWinds- our outlook for the proposed 20% reduction in speed- Read more