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Maritime Financial Research (4) Maritime Research (134) Supply Chain Advisors (1) Select All

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Can 'green ammonia' be the future marine fuel?

Can 'green ammonia' be the future marine fuel?


09 Jun 2021


The IMO’s emissions reduction targets for 2030 and 2050 have set the stage for all marine fuel candidates to bag the title of ‘carbon-efficient fuel’. LNG and LPG are the front-runners, thanks to their well-established markets and low sulphur content. However, with the evolution of decarbonisation goals, their position is challenged by new greener fuels such as hydrogen and green ammonia.

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China pushes coal trade on the longer route – a boon for smaller vessels?

China pushes coal trade on the longer route – a boon for smaller vessels?


25 May 2021


China continues to block Australian coal and is diversifying its import sources (long haul countries) which will support coal shipping demand in 2021.

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India’s decision to diversify its crude imports will have little impact on the crude tanker rates

India’s decision to diversify its crude imports will have little impact on the crude tanker rates


01 Apr 2021


India’s recent decision to diversify crude imports to reduce the dependence on Middle Eastern crude will have little impact on the freight rates in the crude tanker market. Although an increase in long-haul crude imports by India from the Atlantic basin will boost tonne-mile demand for crude tankers in the short term, ongoing oversupply in the market will cap any surge in freight rates.

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Shipowner opex remains hostage to rising marine insurance costs

Shipowner opex remains hostage to rising marine insurance costs


15 Mar 2021


Vessel operating costs are expected to continue rising on a hardening marine insurance market, as conclusion of the P&I renewal season exposes the fallout from rising claims and the impact of Covid-19 on global merchant shipping.

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US cold blast pulls LPG shipping rates further down

US cold blast pulls LPG shipping rates further down


26 Feb 2021


LPG shipping is expected to face more headwinds in 2021 after a volatile first two months of the year. As we move deeper into 1Q21, China’s LPG demand has resumed after the Lunar Holidays in early February, aiding the plunging rates to find some floor. However, the cold wave in the US and further production cuts in the Middle East will squeeze LPG supply in 1H21; this will put downward pressure on LPG shipping rates.

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News

Officer shortfall to reach decade high by 2026

Officer shortfall to reach decade high by 2026
Diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026, with important implications for both hiring and future manning cost inflation, according to Drewry’s latest Manning Annual Review and Forecast.

Reefer container freight rates soar but remain outgunned by dry box rates

Reefer container freight rates have risen sharply this year but remain far outgunned by the inexorable rise in dry box pricing, according to Drewry’s newly launched Reefer Shipping Forecaster report.

Drewry and Freightender partner to bring all-in-one ocean freight procurement e-solution to medium sized shippers

Drewry and Freightender announce they have entered a value-add partnership, combining Drewry’s industry leading ocean freight cost benchmarking and procurement support services with Freightender’s cloud-based, next generation procurement technology platform.

Multipurpose earnings rally at risk from overordering in competing sectors

The rapid recovery in earnings for multipurpose vessels is expected to slow from the second half the year as capacity constraints and supply chain disruptions in competing sectors ease, according to Drewry’s latest Multipurpose Annual.

Events

LNG shipping market outlook

Join us at 09:30 BST on Tuesday 13 July 2021 to explore some of the key findings from our latest LNG Forecaster report. Hosted by Aman Sud, Lead Analyst – Gas Shipping at Drewry and Santosh Gupta, Assistant Manager at Drewry Maritime Financial Research.