Friday Big Picture Report Archive

July 13th 2018

Non-mineral oil trade Obstacles to growth

More than two-thirds of the MR/Handy vessels in oil trades are certified as IMO2/3. In theory, the certification allows them to carry chemicals and vegetable oils in addition to petroleum products. However, only a handful of the non-oil trades – liquid fertiliser, ethanol, caustic soda and vegetable oils – have successfully been tapped by these vessels. With a few exceptions, regulatory and trade developments limit trade growth.

July 12th 2018

South African Coal Exports More important than just tonnes

South Africa has long been one of the most important exporters of thermal coal, with shipments to Europe setting the C4 rate, for a time the benchmark freight rate for the Capesize market. But times have changed, and while South Africa’s remains the 5th largest seaborne coal exporter, changing patterns of coal consumption mean that the freight requirements to service the trade have radically altered, with further changes set to come.