Fearnleys Weekly Report – Week 44, 2021
Sentiment is somewhat undecided in the VLCC market, and rates have flatlined in the mid WS 40’s for MEG/Eastbound voyagers. A quieter Atlantic Basin has also limited alternative opportunities.
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Everybody’s Favorite Ship Will Be Back In Action Very Soon
Everybody’s favorite container ship is back in the news this week.
That’s right — the Ever Given is finally getting the repairs it needs after it spent almost a week lodged in the side...
China’s Record High Dollar Influx Muddles World Markets
Unprecedented trade surpluses and record inflows into its bond market are giving China a stockpile of dollars unseen since the days when the ‘Asian savings glut’ was blamed for keeping U.S. interest rates excessively...
Supply Chain Crisis Deepens, A Nightmare for Shippers
Close to 160 vessels are waiting to enter the Long Beach and Los Angeles port complex.
Some mega-sized container ships carrying as much as half a million tons of everything from consumer goods...
Maersk Air Freight Services Makes Supply Chain More Flexible and Resilient
When thinking about Maersk, 99% of people will only associate our brand with Ocean transportation.
Majestic ships under the seven-pointed star, carrying goods all over the world, connecting businesses from port to port...
The Shipping Industry Could Face A Labor Shortfall by 2025
There are dozens of ships anchored off the ports of Los Angeles and Long Beach this week, imperiling global supply chains and holiday gifts. Also imperiled?
Without action from supply-chain companies, their customers...
Crowd Surge At Astroworld Music Festival In Houston Kills 8 People
A crowd surge at a Houston concert left eight people dead and dozens injured.
Officials said they will investigate key causes and what could have been done to get attendees out of harm's...
[Infographic] Tight Global Gas Markets Drive Asian Spot LNG Prices
An unprecedented surge in European natural gas prices and tight global gas supply have propelled Asian spot LNG, reports Platts.
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Source: Platts
Scarce HSFO Highlights Disconnect From Bunker Fuel Market
Limited availability of high sulphur fuel oil in Northwest Europe has kept the barge market in the region backwardated, while weak buying interest for bunkers has shown up a disconnect between the two markets,...
QatarEnergy Orders 6 LNG Ships for Fleet Expansion
Order is first batch under 2020 agreement
Order placed with Daewoo and Samsung
Qatar boosting LNG capacity to 126 million mt/year
QatarEnergy has ordered six LNG ships from two South Korean shipyards, the first...