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US sanctions on Iran to have limited effect on crude trade and tanker demand

US sanctions on Iran to have limited effect on crude trade and tanker demand


17 May 2018


The United States (US) unilateral withdrawal from the Iran Nuclear Deal is unlikely to have any significant impact on the global crude oil trade and tonnage demand in the tanker market,as long as the deal is honored by the other signatories, and Saudi Arabia and other producers are willing to fill the possible shortage in global oil supply.

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China’s ban on scrapping foreign vessels will be a boost for South Asian recyclers

China’s ban on scrapping foreign vessels will be a boost for South Asian recyclers


09 May 2018


In another move to control and prevent pollution, China - the fourth largest shipbreaker in the world - has decided to ban the demolition of foreign flagged vessels and offshore units at Chinese yards from 31 December 2018.

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Tanker market anxiously waits for Trump to show cards on Iran

Tanker market anxiously waits for Trump to show cards on Iran


08 May 2018


Likely US sanctions on Iran are keeping the tanker market on its toes, as they could squeeze Iranian supply by close to 1 mbpd and if this gap in supply is not filled by other producers it will hurt oil trade and tanker demand.

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Slow recovery for multipurpose sector

Slow recovery for multipurpose sector


03 May 2018


With its mix of project cargo, breakbulk, general cargo and minor bulk, the multipurpose sector is one of the trickiest to follow, but Drewry’s close study of this market suggests an improvement is on the way.

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Chinese teapots - a godsend for product tankers

Chinese teapots - a godsend for product tankers


02 May 2018


China’s oil products’ exports have historically supported product tanker employment. The good news is that high crude oil import quotas allotted by Beijing, coupled with planned refinery capacity additions this year, signal that Chinese products’ exports will remain elevated and support MR and LR employment in 2018.

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News

Drewry launches special report: Hyundai Merchant Marine (HMM) - what lies ahead?

Drewry launches special report: Hyundai Merchant Marine (HMM) - what lies ahead?
Drewry Financial Research launches an in-depth assessment of the issues faced and HMM’s future prospects given the current and anticipated future market context.

Lessors strengthen their grip on the container equipment market

The move towards container leasing and away from carrier ownership continues unabated, according to Drewry’s latest Container Census & Leasing and Equipment Insight

Multipurpose shipping eyes recovery

Multipurpose shipping has started 2018 on a confident footing and is forecast to recover further on rising demand, according to Drewry’s latest Multipurpose Forecaster and Annual Review.

Slow and steady recovery for container shipping

The outlook for the container shipping market is a combination of healthy demand growth that will outpace the fleet; resulting in a better supply-demand balance, according to Drewry’s latest Container Forecaster.

Events

Crew Connect Europe

Martin Dixon to discuss the economic outlook of ship operating costs.

ESPO 2018

Tim Power to present the outlook for ports and shipping.

Container Ports webinar briefing: Are terminals surviving the perfect storm?

Join us at 0900 or 1600 BST on Tues, 5 June 2018 to find out more on our latest research covering the container ports and terminals market. The session will be hosted by Neil Davidson, Senior Analyst in Drewry’s Ports and Terminals practice and Martin Dixon, Director - Head of Research Products at Drewry. Both executives will be available to take questions following a short 20 minute presentation.