Coastguard

Irish Coastguard reports busy year despite COVID

In a year-end commentary, the Coast Guard noted that despite the impact of Covid-19, 2020 has proven to be a relatively busy year. Overall, the Coast Guard coordinated 2,643 incidents compared to 2,490 incidents in 2019. Activity in February, March and April was the lowest recorded for each of these months in recent years, but […]

Seaborne

Tankers: Kuwait’s seaborne crude oil exports amount to 83.4 million tonnes between January and October. Period

[ad_1] As Middle East crude oil exports are a vital part of the tanker market, it’s worth taking a look at the latest market fundamentals. In a recent weekly report, shipping broker Banchero Costa said that “Kuwait is the fourth largest exporter of crude oil to the Middle East after Saudi Arabia, Iraq and the […]

Seaborne

Global scrap metal prices transported by sea exceed China’s domestic levels

Strong points Global prices hit multi-year highs as demand recovery outpaces supply Shipping issues support high prices Chinese domestic prices are now trending lower than some maritime prices The overheating of international prices is a concern Singapore — According to data from S&P Global Platts, prices for scrap metal transported by sea have […]

Seaborne

Could the disruption of the Australian marine coal trade lead to an increase in tonne-mile demand?

[ad_1] VSTrade tensions between China and Australia, which have led to disruptions in the coal trade, still so important to the dry bulk market, could potentially lead to more long-haul charters. For example, Canada is the world’s seventh largest exporter of coal. During the 2019 calendar, the country exported a total of 58.7 million tonnes […]