Currency Concerns Impacting Chinese Shipbuilders
January 23, 2008
Chinese quoting higher prices | www.tradewinds.no
The reaction of Chinese shipbuilders to the weakened dollar may delay the emergence of the country as the world's largest shipbuilder.
The Window For Tanker Conversions Is Essentially Closed
January 23, 2008
Interest wanes for conversions | www.tradewinds.no
Tradewinds reports that Sale-and-Purchase brokers are indicating that the 2007 bubble in conversions sales has waned and that some deals are falling apart as buyers are bailing out.
Good News For Tanker Companies
January 23, 2008
GS bars single skins | www.tradewinds.no
A report in Tradewinds indicates that South Korean refineries, bowing to internal pressure, plan to reduce the percentage of single-hulled tankers chartered in this year from 52% to 42%. GS Caltex, South Korea's second largest oil refiner, reportedly plans to bar single-hulled vessels beginning in 2009. Regardless of how this plays out in reality, there is bound to be an immediate positive impact on rates.
Tanker Charterers Sharing The Risk
January 18, 2008
Total recall | www.tradewinds.no
The long-awaited verdict by a French judge in the 1999 sinking of the tanker Erika is in. As expected, the charterer of the vessel, Total, was found to share criminal responsibility for the spill. This is sobering news for charterers worldwide.
Single Hulled Tankers Will Sail Through 2010
January 18, 2008
Korea adopts ban | www.tradewinds.no
The title of the article notwithstanding, the token action by the South Korean government means very little. They will continue to be the world's largest charterer of single-hulled tonnage and if the supply of double-hulled tankers proves insufficient, Korea will ignore the 2010 ban.
What Is Happening In Dry Bulk Shipping
January 17, 2008
Baosteel says talks on | www.tradewinds.no
The dry bulk shipping market has plummeted in the first weeks of 2008. These low spot rates will not last.
2008 Looks To Be A Difficult Year For Container Shipping
January 10, 2008
MOL’s Ashida expresses concern about container business | www.americanshipper.com
Moderation in volume growth coupled with new capacity introductions will make for challenging conditions for liner shipping companies in 2008.
Shipbuilding Orders Likely To Start Moderating In 2008
January 10, 2008
Another bumper year in the offing for S. Korean shipyards | www.gobizkorea.com
2007 capped a string of years of consecutive record orders for the big three shipbuilders in South Korea. Hanjin Heavy Industries (SEO:003480), Samsung Heavy Industries (SEO:010140), and Daewoo Shipbuilding (SEO:042660) are the world's largest shipbuilders, respectively, despite gains made by Chinese shipyards. Despite full order books stretching into 2011, new orders placed in 2008 are likely to fall short of 2007's peak levels.
The Emotional Aspect Of Freight Rates
December 26, 2007
Bullish outlook drives dry sector | www.tradewinds.no
An excellent article that discusses the interplay between fundamentals and sentiment in Dry Bulk and Tanker shipping markets.
ExxonMobil Staying The Course With Single Hulled Tankers
December 26, 2007
Major stays on single-hull path | www.tradewinds.no
Tradewinds reported this week that ExxonMobil, the largest charterer of single-hulled tankers, has no intention of altering their practices as a result of two relatively high-profile oil spills.
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012
It's too early in the game to write off Shtokman
December 8, 2011