Search results for: demand

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  • 26 January 2016

    Texas-based energy giant ExxonMobil said in a report on Monday that natural gas and LNG are expected to meet about 40 percent of the growth in global energy needs and demand for the fuel will increase by 50 percent.  “In 2040, oil and natural gas are expected to make up nearly 60 percent of global supplies, […]

  • 18 December 2017
    Business & Finance

    The eastbound Asia to West Coast North America market continues six-year run of strong demand growth.

  • 1 October 2018

    Demand from Asia to the Middle East and South Asia is in a steep decline, according to Drewry.

  • 22 June 2016
    Business & Finance

    Weak US demand is forcing container shipping companies to search for new homes for their 13,000 TEU vessels, according to Alphaliner. Displaced by even larger tonnage on their current services, many such ships were originally earmarked for re-deployment to transpacific Asia – US routes. Meanwhile however, several carriers have decided to downscale their transpacific capacity provision in […]

  • 16 November 2016

    Global natural gas demand is projected to grow by 1.5 percent to 2040 with the markets, business models and pricing arrangements all in flux, according to IEA’s World Energy Outlook 2016.

  • 13 October 2017
    Business & Finance

    While global production of motor vehicles continues to grow, rising by 4.6% in 2016, the seaborne trade volumes of cars carried declined by some 4% last year, according to a report by Dynamar. The key driver of this is the expansion of car production closer to demand, which is nowadays taking place in more than […]

  • 1 August 2017
    Business & Finance

    The outlook for global container port demand growth is now more optimistic and Chinese players are on the acquisition trail in an aggressive and highly confident manner, shipping consultancy Drewry said. Drewry’s container port demand forecast is more positive than in last year’s report, exhibiting a 4% CAGR and adding a further 152 million TEU […]

  • 14 April 2016

    Growth in global oil demand will ease to around 1.2 million barrels per day (mb/d) in 2016, below the 1.8 mb/d expansion of last year as notable decelerations take hold across China, the United States and much of Europe, the newly released IEA Oil Market Report (OMR) for April has informed. According to the International Energy […]

  • 27 March 2017
    Business & Finance

    The new alliance set-up coincides with a weak start to the year for headhaul volumes from Asia to West Coast North America – boding ill for Beneficial Cargo Owner (BCO) contracts, shipping consultancy Drewry informed. According to Piers data, covering US port traffic only, the first two months of 2017 saw volumes from Asia to USWC […]

  • 10 July 2015

    Global oil demand growth is expected to slow to 1.2 million barrels per day (mb/d) in 2016, from an average 1.4 mb/d this year, the International Energy Agency said in its Oil Market Report for July. It also said that strong consumption is anticipated in non-OECD Asia. According to the IEA, world oil demand growth seems to have peaked in the first […]

  • 29 May 2017
    Business & Finance

    The majority of container shipping lines lost money in the first three months of 2017, but higher rates and fast-growing demand will soon show on the bottom line, according to shipping consultancy Drewry. In its last Container Forecaster report, Drewry said that the industry would make an operating profit of about USD 1.5 billion in […]

  • 2 September 2015

    Impending fleet growth is expected to reduce the product tanker market’s earnings over the medium term impacting the healthy returns the market enjoyed in recent years, according to Drewry’s Product Tanker Market Annual Report 2015. The widespread switching of trade by product/chemical tankers (swing tankers) from chemicals to refined products has resulted in rapid growth in the […]

  • 27 October 2016
    Business & Finance

    Global demolition activity increased by 16% in the first nine months of 2016 in comparison to the same period of 2015, as shipowners struggle to counter the imbalance between supply and demand in the market, according to international shipping association BIMCO. A total of 36.2 million dwt was demolished in the first nine months of 2016, […]

  • 12 September 2014

    The IEA Oil Market Report (OMR) for September trimmed global oil demand growth for 2014 and 2015 to 0.9 million barrels per day (mb/d) and 1.2 mb/d, respectively, because of a pronounced slowdown in demand growth in the second quarter of this year, and a weaker outlook for Europe and China. Demand in 2015 is […]

  • 22 October 2014

    A change in global shipping demand is about to ensue, BIMCO claims basing its argument on the reorganization of the Chinese economy in growth-pace, size and composition. “As the economy evolves from one focused on infrastructure and real estate investments as well as heavily depending on its export of manufactured goods, the demand for all sorts of seaborne shipping […]

  • 2 December 2014
    Business & Finance

    The newbuilding market saw four orders for 208k Newcastlemax at New Yangzijiang placed last week by German shipping company H.Vogemann, Clarkson reported in its Hellas Weekly S&P Bulletin. The first two vessels are slated for delivery in the end of 2016, with the remaining two scheduled for the first half of 2017. The order is […]

  • 2 September 2015

    Impending fleet growth is expected to reduce the product tanker market’s earnings over the medium term impacting the healthy returns the market enjoyed in recent years, according to Drewry’s Product Tanker Market Annual Report 2015. The widespread switching of trade by product/chemical tankers (swing tankers) from chemicals to refined products has resulted in rapid growth in the […]

  • 2 September 2016
    Business & Finance

    The first half of 2016 has revealed that the dry bulk market is nowhere near balanced as there was a strong demand growth from China, while the devastating freight rate levels over the same period remained strong, according to BIMCO. BIMCO’s data on seaborne iron ore imports into China, shows a growth of 9.6% for H1-2016 as […]

  • 28 December 2015

    South Korean gas demand is forecast to drop 5 percent over the following 15 years according to the country’s Ministry of Trade, Industry and Energy (MOTIE).

  • 8 September 2014
    Business & Finance

    MacGregor, part of Cargotec, has announced that the first units of a 672-strong MacRack orderbook are now being installed. The units are destined for a total of 38 ships for various owners; 35 of which are for 180,000 dwt bulk carriers and the remaining three are for 87,000 dwt bulkers. Each of the larger vessels […]

  • 25 July 2014

    Extra tonnage seems to be in demand pulling containerships from their idleness and bringing the idle fleet levels to a record low this week.   According to the latest figures from Lloyd’s List Intelligence,  the capacity of the inactive box fleet decreased to 216,396 teu this week, compared with 238,679 teu a week ago. In terms […]

  • 6 January 2017

    Demand for LNG and thermal coal for power generation in North Asia has risen on the back of low winter temperatures.