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London (Platts)--27 Jul 2016 908 am EDT/1308 GMT
There is no incentive for dry bulk shipowners to put more dry bulk vessels into cold or hot lay-ups as the dry bulk market has made a modest recovery in the last month.
Singapore (Platts)--27 Jul 2016 227 am EDT/627 GMT
Heavy vessel supply coupled with a steady flow of new-building VLCCs, especially in the second half of this year, adding to the position lists caused the key VLCC Persian Gulf-Japan freight rate drop to its lowest so far this year of 40.5 Worldscale points basis 265,000 mt Tuesday.
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The Barrel Blog

July 05, 2016
The largest and most admired bunker company vanishes overnight. Charter rates hit historic bottom only to sink even further. Only the unexpected is to be expected.
June 16, 2016
The shipping industry is a marketplace where massive deals concerning the movement of millions of barrels of oil on behemoth ships can be made over a third pint at the local pub.
May 25, 2016
When it comes to learning lessons from the past about the importance of strong shipping links and even stronger logistics, there is no doubt: all roads still lead to Rome.
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Feature: Q2 2016: Dry Bulk Shipping Overview

June 17, 2016
Capesize freight rates in Q2 2016 began to see an improvement after they hovered within a 10% range of the lowest levels seen, through most of Q1. The improvement seen was due to underlying factors, such as bunker prices, market derivative rates and positional tightness.
Also in this feature
Atlantic Panamax: Q2 freight rates up despite soybean harvest delays
Soybean exports typically start rising out of South America in the second quarter and peak in June and July as the new harvest comes down to ports.
Atlantic Supramax: India's ex-US Gulf petcoke appetite down
According to shipping sources, India's continuous appetite for ex-US Gulf petcoke has been due to a lack of available stems in other exporting markets, such as Saudi Arabia.


Mozambican thermal coal heads to Europe
July 13, 2016
- Jacqueline Holman and Cameron Carswell discuss European utilities importing high ash thermal coal from Mozambique and whether demand is likely to rise in the coming months.
Spring awakening for dry bulk Supramaxes in Atlantic
April 19, 2016
- Following an exceptionally bearish winter, freight rates in the dry bulk Atlantic Handysize and Supramax market have seen a rebound in recent weeks, but what hurdles might still lie ahead?
Considering the future of Cuba's oil imports in light of US exports
March 21, 2016
- As President Barack Obama leaves for his historic trip to Cuba, what could a potential end to the long-standing trade embargo means for US crude oil and petroleum products exports?
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Freight methodology

Published November 2014

Platts assesses open market rates for the chartering of dirty tankers, clean tankers and barges.

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