According to a new analysis from the leading London-based shipbroker Clarksons and its research division, Clarksons Research, additional tonne-miles in 2024 might set new records. If the Red Sea shipping crisis continues throughout the year—a scenario many analysts now predict—Clarksons Research projects an additional 3,600 billion tonne-miles, reflecting a growth of 5.8%. This figure would be a significant increase from the 10-year average of 1,315 billion additional tonne-miles. Even if the Red Sea crisis resolves this quarter, Clarksons Research anticipates that 2024 will still record the second-highest year of additional tonne-miles, trailing only the post-financial crisis rebound in 2010. However, the outlook for next year could shift dramatically, Clarksons Research cautions in its latest weekly report. Should the disruptions in the Red Sea end, the reversal of this trend may curb tonne-mile growth due to reduced mileage. Recent years have seen dramatic shifts in the global maritime map, with shipping disruptions not only in the Red and Black Seas but also at the Panama Canal and along several drying rivers. This complex web of geopolitical events, maritime security issues, and global trade dynamics highlights the multifaceted challenges currently confronting the shipping industry. 1-July-2024


According to Clarkson Securities, a subsidiary of London-based Clarkson PLC—the world’s largest shipbroker—other dry bulk stocks currently offer more appeal than Copenhagen-based Dampskibsselskabet DS Norden A/S. Despite this, Clarkson Securities continues to support Dampskibsselskabet DS Norden A/S as a viable investment in the bulker sector. The company, led by CEO Jan Rindbo, reported a net profit of $62 million in Q1 2024, although it faced significant challenges in its trading division, which suffered a $27 million loss due to a short position in dry bulk markets. Excluding the impact from the trading division, Clarkson Securities assessed Dampskibsselskabet DS Norden A/S’s net asset value at $44.5 million. This evaluation highlights the underlying strength of the Danish shipowner and operator’s core operations, despite the setbacks in trading. 3-May-2024


Recent updates from the Panama Canal Authority (ACP) indicate that Central America is beginning to recover from the severe El Nino-induced drought. On Wednesday, the Panama Canal Authority (ACP) issued an advisory stating that they will be increasing the number of booking slots and the maximum allowable draft for ships passing through the Panama Canal. Starting from mid-June 2024, the maximum draft for ships traversing the canal’s largest locks will be raised to 13.71 meters, up from the current limit of 13.41 meters established in response to drought conditions. Additionally, the Panama Canal Authority (ACP) will now permit up to 32 ships to pass through the canal each day, a significant increase from the limit of 27 ships set in March 2024. This expansion in capacity comes after a year of stringent restrictions, initiated in May 2023, when the Panama Canal Authority (ACP) had to reduce the number of daily transits due to the country experiencing its worst drought on record. The Panama Canal Authority (ACP) attributes the easing of these limitations to recent rainfall and the effectiveness of ongoing water conservation initiatives within the Panama Canal operations. The impact of these restrictions has been substantial, with tonnage transits through the canal, which facilitates about 2.5% of global trade, decreasing by one-third. This data has been corroborated by Clarksons and its research division, Clarksons Research, which monitor shipping and trade flows globally. The recent developments suggest a positive shift in managing the water levels essential for the Panama Canal Authority (ACP)’s operation and the global shipping routes it supports. 16-April-2024


Weather predictions indicate a significant amount of rainfall heading towards Panama, offering a glimmer of hope for a critical maritime passage that has suffered from severe drought conditions over the last 11 months. The Panama Canal Authority (ACP) was forced to implement measures such as reducing the number of daily ship transits and lowering allowable ship draft levels since May of the previous year due to the drought, exacerbated by the El Niño climate pattern. This led to a considerable portion of the international shipping fleet choosing alternative routes to bypass the canal, deterred by lengthy waits and steep toll fees. Further complications arose last year when, for the first time in maritime history, the Suez Canal emerged as a risky zone due to attacks on merchant vessels by the Houthis from Yemen, aiming to exert pressure for a resolution in the conflict between Israel and Hamas. However, three weeks ago, the ACP made a positive adjustment by adding three more daily transit slots at its Panamax locks, increasing the daily maximum to 27 transits—though this is still significantly below the canal’s usual capacity. This move is seen as an indication that the situation is beginning to improve. Danish shipping conglomerate Maersk has also signaled improving conditions by reinstating a service that had been diverted to rail land transit across Panama at the drought’s peak. As the rainy season nears, the ACP has introduced more daily transit slots, reflecting a cautiously optimistic outlook. According to Clarksons Research, a subsidiary of London’s premier shipbroker, the restrictions have led to a reduction in tonnage transits by a third, a significant impact given the canal’s facilitation of 2.5% of global trade. The current queue of ships awaiting transit has decreased to 46 from a peak of over 160 in August 2023. The ACP’s latest forecasts are optimistic, expecting water levels in Gatun Lake—an essential water body within the Panama Canal—to start rising significantly by the end of May with the onset of the rainy season. 5-April-2024


London’s leading shipbroker, Clarksons, through its subsidiary Clarksons Port Services (CPS), has entered into a collaboration with the Norwegian shipowner and operator, Peak Group, focusing on agency business in the North Sea. The UK shipbroker Clarksons has secured a cooperation agreement aimed at enhancing the logistics capabilities of Peak Group. This partnership has been unveiled by Clarksons as a strategic alliance with Peak Group, intended to amplify its port agency services. Clarksons Port Services announced it has embarked on a joint strategic venture with Peak Group, a notable player in the bulker industry based in Bergen since 2005. Peak Group, through its subsidiary Peak Agency, offers vessel services along the coast of Norway. 28-March-2024


The preeminent shipbroker based in London, Clarksons, and its research arm, Clarksons Research, headed by Managing Director Stephen Gordon, have revised their rate forecasts upward, marking the most auspicious beginning to a year for bulk carriers since 2010. Clarksons, renowned for its comprehensive coverage of the global shipping market, leverages its extensive network and expertise to deliver unparalleled insights into maritime trends and data. Clarksons Research, a pivotal component of Clarksons’ suite of services, specializes in providing in-depth analysis and forecasting across the shipping, offshore, and trade sectors, solidifying its reputation as a leader in maritime research. According to the latest insights from Clarksons Research, earnings for capesize bulk carriers are now seen to be $11,000 above the preliminary forecasts for the first quarter of 2024. This adjustment comes as the analysts at Clarksons Securities, another branch of the Clarksons group specializing in financial services for the maritime industry, are swiftly updating their rate predictions. This change is attributed to bulk carriers achieving the most robust start to a year in over a decade, a reflection of Clarksons’ ability to accurately capture and analyze market dynamics. Since mid-December 2023, the average daily spot earnings for non-eco capesize bulk carriers, specifically those constructed between 2011 and 2013, have been recorded at around $24,000 by Clarksons Research. This figure significantly exceeds Clarksons Research’s initial quarterly projection by approximately $11,000 per day. This uptick in earnings underscores the accuracy and relevance of Clarksons Research’s market forecasts, which are essential for stakeholders across the maritime industry to make informed decisions. Through its unparalleled market insights and analysis, Clarksons and its subsidiary, Clarksons Research, continue to stand at the forefront of the global maritime sector, offering critical guidance and data in an ever-evolving industry landscape. 11-March-2024


The New York-traded shipping company Safe Bulkers (SB) is actively pursuing the renewal of its fleet and taking advantage of the prevailing high market values by concluding deals to divest two of its ships in distinct transactions. This shipowning firm, based in Monaco and led by Greek interests, Safe Bulkers (SB), has arranged for the sale of the MV Panayiota K, a post-panamax bulk carrier built in 2010, in April for an estimated $20.5 million, and the MV Paraskevi 2, another post-panamax constructed in 2011, in July for around $20 million. In February 2024, under Polys Hajioannou’s guidance, Safe Bulkers, with a fleet of more than 40 vessels, sold one of its oldest panamax bulk carriers, the MV Maritsa, built in 2005 with a deadweight capacity of 76,000 tons, for roughly $12.5 million. This transaction occurred after Safe Bulkers’ (SB) placement of an order for a new kamsarmax bulk carrier with a Japanese shipyard in January 2024. Loukas Barmparis, President of Safe Bulkers, stated, “Aligned with our fleet renewal strategy and the recent newbuild orders, we are divesting these two vessels amidst a strengthening market for secondhand ships.” The market for some categories of secondhand bulk carriers is experiencing its highest prices in more than a decade, encouraging shipowners to aggressively acquire available vessels. According to London-based the world’s biggest shipbroker Clarksons’ subsidiary Clarksons Research, the price index for secondhand bulk carriers is approaching a peak last seen shortly after the global financial crisis. 8-March-2024


Bulk carrier prices have soared to their highest points in over ten years, leading to a distinct shift in the maritime market: smaller shipowners are aggressively seeking to purchase any ships they can find, while their larger counterparts are opting to divest. Oldendorff Carriers, a leading German shipping company, is among those capitalizing on this trend by selling three 13-year-old Chinese-built post-panamax bulk carriers: MV Christine Oldendorff, MV Charlotte Oldendorff, and MV Conrad Oldendorff. The MV Conrad Oldendorff was acquired by MPP Carriers, a Greek company known for its discreet presence in the industry, for $16 million. The new owners of the other two ships remain undisclosed. According to Clarksons Research, the research division of the world’s largest shipbroker based in London, the market for secondhand bulk carriers is nearing the peak levels last seen following the global financial crisis, with prices up by 85% since early 2021, a rise particularly noted since October 2023. This increase in market value is believed to be driven by several factors: a reduction in the number of new ships being delivered in comparison to past years, an optimistic outlook for the long-term increase in freight rates, and a deliberate strategy by shipowners to diversify their assets across various vessel categories. 7-March-2024


Following their initial maritime success, the Houthis have now decreed that any vessel wishing to enter their territorial waters must first secure a permit. The directive, as stated by Misfer Al-Numair, the Houthi telecommunications minister, necessitates ships to gain clearance from Yemen’s Houthi-led Maritime Affairs Authority before navigating into Yemeni maritime zones. These waters stretch across to the midpoint of the Bab al-Mandab strait, a critical maritime bottleneck. The sinking of the handysize bulk carrier MV Rubymar over the weekend, which was carrying 21,000 tons of fertilizer and leaking bunker fuel after being struck by Houthi missiles on February 18, signals a looming environmental disaster in the vicinity. This incident marked the MV Rubymar, a vessel under Lebanese ownership, Greek management, and Belize registry, as the inaugural constructive total loss (CTL) amid the Red Sea’s escalating maritime crisis. This situation has led a vast segment of the international merchant fleet to steer clear of the region. Recent figures from Clarksons Research, a branch of Clarksons — the foremost global shipbroker, headquartered in London — indicate a substantial decrease in Suez Canal transits, which fell 60% below the daily average of 2023 last week. Furthermore, after an Italian destroyer neutralized a Houthi drone, the Yemeni group has threatened Italian vessels, substantiating this threat by launching two missiles at the MV MSC Sky II, a container ship from 1999, which is under the ownership and operation of Gianluigi Aponte, the Genoese founder of Mediterranean Shipping Co (MSC). The MV MSC Sky II reported two explosions; the first occurred near the vessel’s port quarter, while the second hit and inflicted damage, prompting the crew to engage in firefighting efforts. The Houthis have declared an ongoing and intensifying operation in the Red and Arab Seas, the Gulf of Aden, and the Bab al-Mandab strait until their demands, including the cessation of aggression and the lifting of the siege on the Palestinian people in the Gaza Strip, are met. The conflict between Israel and Hamas has led to more than 60 ships being targeted by the Houthis in the past five months. Despite the significant detour of much of the international merchant fleet around Africa to bypass the Middle East’s perilous waters, supply chains have managed to adjust to the extended sailing times. Clarksons Research, part of Clarksons, notes that although the Red Sea has not seen widespread closures, supply chains have effectively adapted by finding alternative routes. 5-February-2024


The global seaborne grain trade presents a promising outlook for this year, according to Clarksons Research, a subsidiary of Clarksons, the world’s largest shipbroker based in London. Last year, tonne-miles, a measure of trade volume multiplied by distance, saw an approximate 3% increase due to various logistical disruptions. Clarksons Research anticipates that the rising global grain shipments will likely continue to favor long-haul seaborne routes to importers this year, amidst a backdrop of ongoing disruptions and new emerging trends. Grain trade tonne-miles experienced a growth of about 3% last year, influenced by a myriad of factors including geopolitical tensions, climate-related impacts, and logistical challenges, which disrupted the usual trade patterns. This complex set of circumstances facilitated a 1.3% growth in seaborne grain volumes, indicating a resilient and adapting global grain trade amidst challenging conditions. 28-February-2024


A missile strike by Houthi militants on the MV Rubymar, which was transporting a load of fertilizer, has resulted in an environmental catastrophe in the Red Sea. The Indian Navy has shared photographs depicting the assistance provided to the Palau-flagged MV Islander, which ignited following an assault on February 22, 2024. This incident led to injuries for one crew member, marking the first such injury in the span of four months during which approximately 60 merchant vessels have been targeted. The condition of the crew aboard the MV Galaxy Leader, a car carrier seized and detained by the Houthis for over three months, remains uncertain. There is increasing worry over the potential sinking of the MV Rubymar, operated by the Lebanon-based Blue Fleet Group and registered in Belize, which has begun to take on water. The crew of the MV Rubymar was compelled to evacuate the ship on February 18, 2024, the first evacuation since the Houthis started disrupting commercial maritime traffic in the Red Sea as a reaction to the conflict in the Gaza Strip. The MV Rubymar is loaded with about 41K tons of fertilizer. On a recent Saturday, the US-flagged MT Torm Thor came under Houthi attack. An anti-ship ballistic missile aimed at the tanker was intercepted by the USS Mason destroyer. Over the weekend, American and British aircraft launched strikes on several Houthi positions in Yemen. Despite these actions, Houthi leaders have pledged to intensify their assaults. According to data from Clarksons Research, the research division of the world’s largest shipbroker based in London, as of the last Friday, traffic through the Suez Canal had decreased by 66% compared to the first half of December, while traffic passing the Cape of Good Hope (COGH) had increased by 85%. The United Nations Conference on Trade and Development (UNCTAD) released a report highlighting the economic and environmental implications of the increased avoidance of the Suez Canal in favor of rerouting around the COGH, noting the additional strain on developing economies. UNCTAD has estimated that, due to ships traveling at higher speeds to adhere to schedules, significantly more fuel is being consumed, leading to a potential increase in greenhouse gas emissions by up to 70% for a roundtrip from Singapore to Rotterdam. 26-February-2024


Swiss Re has released a report shedding light on significant changes and disruptions in global maritime trade routes, including complications in the Red and Black Seas, the Panama Canal, and various rivers undergoing drying phases. The report, titled “Navigating shipping disruptions: signs of rougher seas ahead,” emphasizes the resurgence of stress on global supply chains, a situation not long after the disruptions experienced during the pandemic. It features a chart detailing the shipping capacity, measured in tonnes, passing through the world’s crucial maritime chokepoints from 2019 to the present. The report highlights the Panama Canal and the Suez Canal/Bab el-Mandeb route among several critical shipping chokepoints that have experienced substantial increases in traffic since 2019. It also points to the growing geopolitical risks and climate change impacts, such as more frequent droughts and river shipping challenges on the Rhine and Mississippi, as potential threats to the resilience of global shipping trade. Focusing on the recent shipping crisis in the Red Sea, data from London-based the world’s biggest shipbroker Clarksons’ subsidiary Clarksons Research indicates a significant decrease in average crude tanker arrivals in the Gulf of Aden and bulk carrier arrivals, with many ships on the Asia-Europe trade lane opting for the Cape of Good Hope route instead. Clarksons’ analysis suggests a potential increase in global seaborne tonne-mile trade, depending on the duration and extent of rerouting due to these disruptions. The report also discusses the substantial additional costs and extended transit times for tankers and large container vessels diverting via the Cape of Good Hope (COGH). Furthermore, the report by Veson highlights the complex challenges arising from geopolitical events, maritime security concerns, and global trade dynamics currently facing the shipping industry. In the western hemisphere, the Panama Canal Authority has issued warnings about reduced transit capacities and maximum draft limitations due to an unprecedented drought, underscoring the broad and multifaceted nature of the challenges impacting global shipping routes. 8-February-2024


The turmoil in the Red Sea is causing a significant shift in shipping patterns, with a notable 71% decrease in vessel arrivals to the Gulf of Aden since December, as reported by Clarksons, the largest shipbroker based in London. This decline is attributed to ongoing Houthi assaults, leading many tankers and bulk carriers to bypass the region. Clarksons Research, a subsidiary of Clarksons, has detailed these changes, highlighting a 65% reduction in arrivals as of January 23 and a 62% drop in Suez Canal transits. Steve Gordon, the Managing Director of Clarksons, pointed out marked declines in bulk carrier and tanker traffic for the week ending February 4. Specifically, crude tanker arrivals in the Gulf of Aden have fallen by 47%, a less severe drop than other sectors, but with a growing impact over recent weeks. Freight rates for Middle East to Europe routes have surged, especially for product tankers, which have seen a 55% reduction in arrivals. According to Clarksons Research, the cost for LR2 tanker cargoes has escalated from $3.5 million in early December to $8.5 million currently. Bulk carrier arrivals have also declined by 48%, and no LNG carriers have been recorded since January 16. Container ship transits remain low, down by 92%, with freight rates now two to three times higher than pre-attack levels. The redirection of shipping routes around South Africa’s Cape of Good Hope (COGH) has led to a 74% increase in ship arrivals from the first half of December. 6-February-2024


The recent Houthi disturbances have primarily impacted container ships, with gas carriers also affected, though to a lesser degree. According to the latest data from London-based the world’s biggest shipbroker Clarksons’ research arm Clarksons Research, covering the five days leading up to December 26, there has been a significant decline in ship arrivals in the Gulf of Aden. This 40% drop in arrivals, compared to the first half of December, follows major shipping companies’ decision to steer clear of the route due to concerns over rebel attacks near Yemen. Interestingly, bulk carriers and tankers seem to have been less impacted by these disruptions so far, as per the figures released by Clarksons Research. 28-December-2023


The international shipping community has responded positively to the announcement of a US-led naval coalition, Operation Prosperity Guardian, aimed at reducing tensions in the Red Sea. This initiative, involving 10 countries including the UK, France, and Canada, seeks to protect navigation in a region recently plagued by attacks, primarily by Iranian-backed Houthis targeting Israeli-affiliated ships. Despite the coalition’s formation, there remains a cautious atmosphere in the shipping industry, with many companies opting to divert their routes rather than navigate through the southern Red Sea. This hesitancy is evident as several large containerships, previously stranded between Houthi-controlled areas and the costly Suez Canal, have begun rerouting via the Mediterranean and the west coast of Africa to reach Asia, incurring additional tolls and extended travel times. The effectiveness and operational readiness of Operation Prosperity Guardian are still unclear. Shippers and shipowners have been advised that the disruptions in the Red Sea are likely to persist into the new year. The recent attack on the MT Swan Atlantic, a chemical tanker owned by Norwegian company Inventor Chemical Tankers, highlights the ongoing risk, even for ships without clear Israeli affiliations. The Red Sea is a critical maritime route, with the Suez Canal at its northern end facilitating about 10% of global seaborne trade volumes. Clarksons Research, a subsidiary of the world’s largest shipbroker Clarksons based in London, reports over 24,000 transits through the Suez Canal in 2023 alone, with bulk carriers, oil tankers, and containerships being the most common types of ships. The additional distance and time incurred by avoiding the Red Sea are substantial. For instance, diverting from Asia to North Europe via the Cape of Good Hope (COGH), instead of the Suez Canal, adds approximately 3,200 miles (or 30%) to the journey. This increases the travel time for a typical containership from 31 to 40 days at standard operating speeds, as noted by Clarksons Research. The shipping industry’s continued wariness suggests a wait-and-see approach regarding the new naval initiative’s impact on regional security and trade. 20-December-2023


As the European Union Emissions Trading Scheme (EU ETS) is set to include shipping starting from 1 January 2024, London-based the world’s biggest shipbroker Clarksons’ subsidiary Clarksons Research has analyzed the potential financial impact on various ship types. Under the European Union Emissions Trading Scheme (EU ETS), ships docking at EU ports will need to compensate for their CO2 emissions during the voyage by buying an equal number of EU Allowances (EUAs). Based on the average EUA price of $90 per tonne of CO2 and the shipping patterns of 2022. CEO Andi Case-led world’s largest shipbroker Clarksons’ subsidiary Clarksons Research’s data indicates significant costs for ships like VLCCs (Very Large Crude Carriers), MRs (Medium Range tankers), capesize bulk carriers, and panamax bulk carriers. For instance, a VLCC (Very Large Crude Carrier) journey from Ras Tanura to Rotterdam is projected to incur European Union Emissions Trading Scheme (EU ETS) costs of about $200,000 per voyage next year, which is roughly 4% of the current freight cost. By 2026, when the regulation is fully implemented at 100%, the cost for the same voyage could escalate to $0.5 million, accounting for 10% of the freight cost. This analysis highlights the growing financial implications of environmental regulations on the shipping industry. 18-December-2023


London-based the world’s biggest shipbroker Clarksons’ subsidiary Clarksons Research, led by Managing Director Stephen Gordon, has projected that the shipping industry’s costs related to the European Union’s carbon trading allowance could reach approximately $8 billion by 2026. Gordon emphasized that while this figure appears substantial, it should be considered in relation to the industry’s larger expenditures on fuel bunkers and new vessel construction. This significant financial impact comes as the “milestone” Emissions Trading System (ETS) begins to include ships starting from January 1. 18-December-2023


Clarksons, a leading UK shipbroking firm, has recently expanded its global presence by establishing a new dry bulk operation in Brazil. This strategic move involved recruiting a team of four experienced shipbrokers from Leme Chartering, a domestic brokerage firm. The team, led by Manoel Soares, has joined London-based the world’s biggest shipbroker Clarksons in Rio de Janeiro, signaling a significant step in the Clarksons’ efforts to broaden its international reach. The London-listed Clarksons highlighted the significance of this acquisition, emphasizing the experience and expertise brought by Manoel Soares and his team. This expansion into Brazil aligns with Clarksons’ objective to enhance the scope of its dry cargo division, demonstrating a commitment to increasing its influence and capabilities in key maritime markets around the world. 29-November-2023


London-based the world’s biggest shipbroker Clarksons’ research arm Clarksons Research has observed that Chinese shipyards are currently leading in securing the most orders, a trend that is contributing to the maintenance of high newbuilding prices. This situation is largely attributed to the increasing size of orderbooks and the ongoing consolidation of shipyards. According to Clarksons Research, the concept of “forward cover” at shipyards, which refers to the extent of future capacity already booked, has reached its highest point since August 2009. This was a period when shipowners were placing significant orders for new ships prior to the financial crash. The current level of forward cover is only surpassed by the boom experienced in 2009, indicating a robust demand and a healthy backlog for shipbuilders, particularly in China. This high demand, coupled with the consolidation in the shipbuilding industry, is a key factor in keeping the prices of new shipbuilding projects elevated. 27-November-2023


London-based the world’s biggest shipbroker Clarksons recently hosted an innovative ‘Dragons’ Den’ challenge as part of its week-long dry cargo shipping diploma event, aimed at nurturing young brokers in the industry. Participants, primarily early-career professionals from Clarksons and its client companies, engaged in a unique exercise where they had to present a business proposal in a Dragons’ Den-style format. The challenge for this year involved groups of participants pitching a deployment strategy for six ships, based on their analysis of the physical and forward freight agreement (FFA) markets. The winning team, named Rhino Bulk, stood out with a compelling and well-justified business strategy, supported by thorough financial analysis, earning accolades from London-based the world’s biggest shipbroker Clarksons. The event, also known as the Jon Marshall Lectures, was held at Commodity Quay in London, attracting a record 29 participants, including 11 from Clarksons and others from various global locations. The program, highly esteemed in the shipping industry, offers comprehensive coverage of various aspects of global dry cargo shipping, ranging from commercial to technical topics. Alex Gray, who began his career as a dry cargo chartering broker with London-based the world’s biggest shipbroker Clarksons before pioneering the company’s forward freight agreement (FFA) market presence, led the course. 10-November-2023


Starting from the beginning of 2024, there is a significant possibility that no large tankers will be able to traverse the Panama Canal. Additionally, VLGCs (Very Large Gas Carriers) are likely to face challenges in using the canal, resulting in substantial changes to global seaborne gas and oil trade routes. These changes will have ripple effects on the tonne/mile calculations used in the industry. The Panama Canal has a maximum capacity of handling 40 ship transits per day. However, this capacity has been decreasing due to an extended period of severe drought this year. Simultaneously, Panama Canal authorities have had to reduce the maximum draft limits for vessels passing through the larger neopanamax locks by nearly 2 meters. In 2023, there has been a 41% reduction in rainfall compared to the usual levels, causing Gatun Lake to reach historically low levels for this time of year. Over the next quarter, the number of Panama Canal transits allowed will be reduced from 31 to only 18, a restriction that will remain in place until further notice. Consequently, available slots for the newer, larger Panama Canal neopanamax locks will be reduced to just 8 (eight) per day, mostly taken by container ships with the occasional gas carrier. Large oil tankers will no longer be a part of this trade route. Large oil tankers won’t be able to schedule in advance like container ships and may not be competitive for the limited auction slots. VLGCs (Very Large Gas Carriers) are also expected to face challenges. This reduction in slots is likely to divert many tramp ships, including tankers and dry cargo ships, away from the Panama Canal. This could lead to increased demand for ton-miles and potential changes in segment utilization, favoring the use of larger ships for longer hauls. London-based the world’s biggest shipbroker Clarksons’ research arm Clarksons Research forecasts that, given the current booking system, there’s a possibility that no VLGCs (Very Large Gas Carriers) will be able to transit through the new Panama Canal neopanamax locks early next year, and transits through the old Panama Canal locks will be significantly reduced. As a result, ships may choose to sail around the Cape of Good Hope (COGH) or via the Suez Canal, leading to additional tonne-miles. 6-November-2023


Greek shipping is currently navigating through challenging and uncharted waters. With new challenges emerging in global trade and an uncertain path towards green shipping, Greek shipowners are actively exploring solutions to adapt to changing circumstances. One recent piece of news that caught the attention of the Greek shipping community was the suggestion that Chinese shipping companies had overtaken them as the leading players in international shipping. While this news may have stirred some emotions and impacted Greek national pride, it’s important to note that this data doesn’t necessarily indicate a crisis. One factor to consider is that measuring fleet sizes in terms of GT (GrossTonnage), as done in London-based the world’s biggest shipbroker Clarksons’ World Fleet Monitor data, can be an imprecise tool for assessing a ship’s actual cargo-carrying capacity. Other metrics and factors may provide a more accurate picture of a shipping company’s performance and capabilities. In any case, Greek shipping remains a significant and influential part of the global maritime industry, and its stakeholders are actively addressing the evolving landscape and challenges to ensure continued success in the future. 31-October-2023


Despite a sharp decline in the capesize bulker market, the world’s biggest shipbroker Clarksons’ arm Clarksons Securities sees a potential bright spot. The recent 37% drop in the market is in line with seasonal trends. While the Baltic Exchange’s Capesize 5TC Index fell by 6.1% to approximately $17,300 on Monday, hitting its lowest point since late September 2023, there remains optimism in the often volatile dry bulk sector. One reason for this optimism is the tight supply situation in the Atlantic basin, which could potentially boost the capesize bulker market. While recent market fluctuations have been significant, London-based the world’s biggest shipbroker Clarksons remains positive about the capesize bulker sector’s prospects. 30-October-2023


Research conducted by Clarksons, London-based the world’s biggest shipbroker, suggests that the outlook for 2024 is anticipated to be ‘moderate.’ Bulk carriers are expected to benefit from the passage of time as the fleet decelerates and undergoes retrofits. In addition, adherence to emissions regulations is projected to reduce the bulk carrier supply to the market by up to 2% annually over the next two years. This reduction is expected to help balance out the net fleet growth as demand also decreases, as noted by Clarksons Research, the research division of the world’s largest shipbroker Clarksons. Slower sailing speeds and the time required for retrofitting energy-saving technology on bulk carriers are expected to absorb tonnage from the trading fleet as shipowners take measures to comply with environmental regulations such as the Energy Efficiency Existing Ship Index and Carbon Intensity Indicator. 26-October-2023


London-based the world’s biggest shipbroker Clarksons is drawing attention to the challenges faced by cargo owners amidst the turbulent freight markets of this decade. Clarksons’ research arm Clarksons Research emphasizes that shippers have been grappling with highly unpredictable markets and escalating costs. While Clarksons Research consistently updates shipping firms about fluctuations in vessel rates, they believe that understanding the situation from the shippers’ viewpoint is equally crucial. The 2020s have witnessed significant volatility in the shipping industry, with freight rates experiencing dramatic shifts due to major global events. Clarksons urges shipowners to consider the difficulties cargo owners are facing in these unpredictable times. 11-October-2023


Cargo owners are currently facing significantly higher shipping costs in the 2020s compared to the previous decade, as highlighted by a recent analysis from London-based the world’s biggest shipbroker Clarksons’ research arm Clarksons Research. The 2020s have witnessed considerable fluctuations in freight markets, primarily attributed to consecutive disruption events like the COVID-19 pandemic and the Ukraine conflict. Clarksons Research’s latest weekly report reveals that the average freight cost in the 2020s has surpassed that of the 2010s. Specifically, shipping costs for various cargoes have increased: iron ore by 18%, grain by 27%, LPG by 34%, aframax crude oil by 32%. London-based the world’s biggest shipbroker Clarksons’ research arm Clarksons Research also emphasized other factors contributing to the rise in costs. The transition to low sulphur fuel, for instance, has led to an approximate 20% increase in bunker costs for most vessels compared to the 2010s, due to underlying cost hikes and inflation. Clarksons Research remarked that while shipping markets continue to exhibit cyclical patterns, the 2020s have undeniably influenced transportation costs. Clarksons Research concluded by advising cargo owners to closely monitor upcoming challenges in the shipping industry, such as decarbonization, fleet rental, and geopolitical concerns. 9-October-2023


Driven by robust Chinese demand, London-based the world’s biggest shipbroker Clarksons’ research arm Clarksons Research elevates its maritime commerce prognosis. CEO Andi Case-led Clarksons anticipates sustained augmentation this annum, following its resplendent resurgence to auspicious terrain. In light of Clarksons Research’s optimistic delineation of this year’s global maritime commerce, the Chinese exigency has invigorated the marketplace. Notwithstanding the tribulations of 2022 and persistent economic adversities, the worldwide maritime trade has illustriously rebounded in 2023, progressively advancing forward. 6-September-2023


London-based the world’s biggest shipbroker Clarksons’ investment arm Clarksons Securities proclaims that capesize bulk carriers stand to reap an augmentation of $10,000 daily, given the surge in Brazilian ore exports to China. Should Vale augment its production by an additional 15 million tonnes, the fleet’s utilization could ascend by 2%, as suggested by the investment branch of Clarksons Securities. The hitherto uninspiring capesize bulk carrier market might soon bask in the glory of enhanced iron ore shipments from Brazil to Asia, as inferred by CEO Andi Case-led Clarksons’ investment arm Clarksons Securities. The prevalent spot rates for capesize bulk carriers have languished below $20,000 per day since mid-May 2023 and have witnessed a precipitous decline since mid-August 2023, yet these rates are poised to benefit from a $10,000 daily surge, courtesy of increased iron ore exports from Brazil. 29-August-2023


China proudly claims the title of possessing the globe’s most expansive merchant fleet in terms of gross tonnage (GT), narrowly surpassing Greece as reflected in the findings from London-based the world’s biggest shipbroker Clarksons Research. Notwithstanding, Greece maintains a slight superiority when evaluated by deadweight (DWT). Japan steadfastly holds its third position on the esteemed Clarksons Research’s shipowning hierarchy. Throughout the 2000s, the dynamics fluctuated until Greek maritime enterprises ascended beyond their Japanese peers in 2013. Chinese-held tonnage surpassed Japan in 2018, gradually approaching the benchmarks set by Greece. The recent evaluations by CEO Andi Case-led world’s largest shipbroker Clarksons place China at a valuation of 249.2 million gross tonnage (GT), followed closely by Greece at 249 million gross tonnage (GT). Subsequently, Japan stands at 181 million gross tonnage (GT), and South Korea stands at 66million gross tonnage (GT). London-listed shipbroker Clarksons highlighted China’s heightened activity in the new building market, which now surpasses the Greek-owned order book by nearly twofold. China boasts the predominant fleet share in bulk carriers at 24% and container ships at 16%. From a modest fraction equivalent to one-twentieth of the global total in the early 2000s, the merchant ships under Chinese ownership now represent over one-seventh, a testament to the astonishing expansion over the past two decades. Within the last ten years, the capacity of the merchant fleet owned by China has seen an impressive augmentation, more than doubling its former size. 14-August-2023


London-based the world’s biggest shipbroker Clarksons has significantly elevated Clarksons’ earnings in H1 2023. London-listed shipbroker Clarksons celebrates its 21st unbroken year of bestowing dividends upon its shareholders. Recording unparalleled outcomes for the H1 2023, CEO Andi Case-led Clarksons benefitted immensely from its robust shipbroking ventures. Clarksons disclosed a marked surge in its pre-tax net profits, amassing an impressive £52.2m. CEO Andi Case extends his profound commendation to the team, following the Clarksons’ exemplary performance in in H1 2023. Clarksons, arguably the maritime industry’s most steadfast purveyor of dividends to its investors, offers tribute to its unsung champions. CEO Andi Case emphasizes his desire for the focal point to be Clarksons’ distinguished accomplishments during the H1 2023, set against the backdrop of a maritime market that oscillates between commendable and lackluster performances. 7-August-2023


London-based the world’s biggest shipbroker Clarksons establishes a novel leadership cadre dedicated to dry cargo broking, spanning three desks. Richard Haines, Guy Bartlett, and Tim Francis have been chosen to spearhead global expansion at CEO Andi Case-led shipbroker Clarksons. Clarksons has unveiled an innovative leadership framework for its esteemed dry cargo division to foster growth. Clarksons has proclaimed that the management of the preeminent bulker broking team worldwide shall be a collaborative endeavor, encompassing the panamax, handymax, and capesize bulk carrier desks. 1-August-2023


The dry bulk market witnessed a decline as cyclone Ilsa wreaked havoc in Port Hedland. However, according to Clarksons Securities, China’s decision to cut steel production may not have any impact on the country’s demand for iron ore. The spot rates for dry bulk shipping took a hit due to the disruption caused by the cyclone, which led to the closure of the world’s largest iron-ore export hub, the Port of Hedland, for eight days. Among all the segments, the capesize segment was the most affected. The Port of Hedland was closed as a precautionary measure as the cyclone made landfall in Western Australia. Despite the cyclone’s impact, the world’s biggest iron-ore export hub Port of Hedland was able to resume its operations on Friday and remained unharmed. 17-April-2023


The world’s biggest shipbroker Clarksons reported a profit before tax of $121.5 million for 2022. In 2021, CEO Andi Case-led shipbroker Clarksons reported a profit before tax of $82.15 million. London-listed shipbroking giant Clarksons reported net earnings of $94.21 million for 2022. In 2021, Clarksons reported net earnings of $64.37 million. There was a remarkably robust performance in the shipbroking division. London-listed shipbroking giant Clarksons has enjoyed a record year for earnings, increasing the company’s investment firepower. Clarksons has free cash resources of $155 million as broking operations prosper. 8-March-2023


London-based shipbroker Clarksons’ management is once again communicating with the shareholders about the company’s controversial pay policy. The problem has been a recurring thorn in the Clarksons’ side for years due to legacy contracts for CEO Andi Case and CFO Jeff Woyda. CEO Andi Case-led shipbroker Clarksons reported a net profit of $72 million for 2021. CEO Andi Case’s overall remuneration package for 2001 more than doubled to $8.8 million, from $4.1 million for 2020. On the other hand, Jeff Woyda’s overall remuneration package for 2001 more than doubled to $3.2 million, from $1.4 million for 2020. In 2021, CEO Andi Case’s basic salary was $715K, and CFO Jeff Woyda ‘s basic salary was $455K. In 2021, Clarksons’ shareholders revolted in increased numbers against the pay policy. Clarksons” remuneration committee chairman Tim Miller stated that Clarksons has been in line with the payment arrangements of other shipbrokers and commission-based businesses. London-based shipbroker Clarksons operates in an extremely competitive condition for talent and leadership. On the other hand, Clarksons’ rivals are private shipbroking corporations. CEO Andi Case is rewarded not only as a CEO but as one of the greatest fee-earning shipbrokers in the chartering market. CEO Andi Case and CFO Jeff Woyda have waived 8.5% of their 2021 bonuses so the cash can be distributed to Clarksons’ employees. Clarksons CEO Andi Case became CEO in 2008, since when the Clarksons share price has increased from £3.2 to £35.9 today. 7-April-2022


London-based shipbroker Clarksons appointed Sue Harris as an independent non-executive board member. Sue Harris is replacing the position of retiring Marie-Louise Clayton. Marie-Louise Clayton was appointed to the Clarksons’ board in January 2017. Sue Harris is going to chair the audit and risk committee from 1 November 2020. Previously, Sue Harris was an executive at The Co-Operative Bank and finance director and audit director for Lloyds Banking Group. Sue Harris is going to bring vast experience to the giant shipbroker Clarksons. Sue Harris’ significant audit and financial background will be priceless as Clarksons improve the shipbroking business in the years ahead. 6-October-2020


Clarksons Research has reported that the coronavirus recession created tremendous disturbance in 2020. In Q1 2020, ClarkSea Index point of earnings of $11,000 per day 50% below that logged in Q4 2019. $11,000 per day earning is remarkably well below the post-financial crisis average of $12,250 per day. Bulk carriers were earning better in Q3 2019 than Q1 2020. According to Clarksons’ report, volatile shipping markets are severely affected by the coronavirus recession. 1-June-2020


London based shipbroker Clarksons rewarded employees. CEO Andi Case and CFO Jeff Woyda returned 30% of their bonuses as executive remuneration packages to reward Clarksons’ employees. In 2019, CEO Andi Case and CFO Jeff Woyda returned around $1.6 million to Clarksons’ employees as a reward. CEO Andi Case and CFO Jeff Woyda has been returning 30% of their executive remuneration packages to the employees for the last ten years. Clarksons’ CEO Andi Case has been paid a basic salary plus bonuses as executive remuneration packages. Last year, CEO Andi Case was paid £550K as a basic salary and £3 million as bonuses. In 2019, Clarksons reported a 10% increase in profit. However, London based shipbroker Clarksons was criticized by shareholders to change Clarksons’ executive remuneration policy. CEO Andi Case and CFO Jeff Woyda’s contracts were signed in 2006 which differ from current norms of London Stock Exchange-listed companies. CEO Andi Case and CFO Jeff Woyda are phenomenal managers for giant shipbroker Clarksons. CEO Andi Case and CFO Jeff Woyda are credited with developing Clarksons into the shipping industry leader today. London Stock Exchange-listed Clarksons’ Annual General Meeting (AGM) will be held online due to coronavirus pandemic. CEO Andi Case and CFO Jeff Woyda have been contributing a substantial value to the Clarksons and their contracts will not be changed. Thus, Clarksons send a very negative message to multiple stakeholders about the topic. According to Clarksons, shipbroking is a commission-based business. CEO Andi Case and CFO Jeff Woyda’s executive remuneration packages are in line with commission-based businesses. As a shipbroker and Chief Executive Officer (CEO), Andi Case has a dual role at Clarksons. Andi Case is a leading fee-earning shipbroker and chief executive officer for Clarksons’ strategy and management. Since Andi Case became the CEO of Clarksons in 2008, Clarksons’ stock price increased around ten times. In 2019, Clarksons’ Annual General Meeting (AGM) CEO Andi Case and CFO Jeff Woyda were elected by the tremendous support of shareholders. 11-April-2020


London-based the world’s biggest shipbroker Clarksons remarked that the firm has posted an impressively solid annual outcome. London-listed shipbroker Clarksons confronts the repercussions of the coronavirus, following its more prosperous year in 2019. Clarksons has already acknowledged the inevitable impact of pandemic on the company’s financial performance for the H1 2020. In light of a prosperous 2019, Clarksons forewarned the influence of the pandemic on their forthcoming fiscal report. The pronouncement arrived when the Clarksons revealed an underlying annual profit preceding tax, amounting to $65 million. Chairman Sir Bill Thomas noted the medium-term maritime environment remains promising due to evolving demand and supply dynamics. Furthermore, he mentioned the swift adoption of sustainability-focused regulations, such as International Maritime Organization (IMO) 2020. The emergence of the Covid-19 virus in Asia led to a marked decline in near-term freight rates. The pandemic’s territorial spread and longevity will shape the extent of the challenge to global GDP. However, CEO Andi Case-led Clarksons’ performance will endure a setback in the subsequent months of 2020. In the realm of brokerage and financial services, the CEO Andi Case eloquently stated, “2019 bestowed upon us a resilient financial framework complemented by a potent cash flow, permitting us to enhance the dividend for the seventeenth successive year.” A stellar performance across their shipbroking, research, and support sectors effectively counterbalanced the frailties in their financial services domain. It’s evident that Clarksons boasts a formidable financial foundation and a predominant stance across numerous maritime verticals. Clarksons’ available cash reserves amplified to £68.7 million. The broking sector registered an underlying profit of £55.5 million, and Clarksons’ revenue burgeoned to £283 million. On the contrary, Clarksons’ financial department grappled with stagnation in the capital market, resulting in a revenue of £35.5 million. London-based the world’s biggest shipbroker Clarksons unveiled that the past fiscal year had been captivating in the maritime financing domain. Traditional financial conduits for secondary and tertiary shipowners are dwindling as major banking establishments pivot towards corporate clientele. This shift has ushered in opportunities for alternative funding mechanisms, such as direct lenders and lease facilitators, to bridge the financial chasm. In 2019, Clarksons Platou Project Finance, headquartered in Norway, devised and finalized six novel transactions, financing a total of nine ships. CEO Andi Case elucidated the year’s volatility, affected by diverse factors from natural calamities to geopolitical fluctuations. CEO Andi Case added, “Yet, as anticipated, the overarching demand and supply dynamics exhibited improvement, echoed by enhanced fleet utilization, a stagnant shipbuilding landscape, and an uptick in marine commerce.” Discussing the International Maritime Organization (IMO) 2020 sulphur regulation, the CEO Andi Case foresaw sustained market turbulence and fluctuations in fuel prices as the sector adjusts. Tanker and gas segments flourished remarkably last year, while London-listed shipbroker Clarksons witnessed a modest resurgence in offshore vessel markets, buoyed by escalating activity. Peering into the future, Oxford Economics has projected that a pandemic spanning Asia would dent global GDP by 0.5%. If the virus morphs into a worldwide pandemic, the decline might touch 1.5%. Presently, the freight rate environment has been detrimentally influenced, marked by a 32% drop in the ClarkSea Index since 2020’s inception. Despite imminent challenges, London-based the world’s biggest shipbroker Clarksons’ CEO Andi Case emphasized the broad supportive macro backdrop, fostering positive advancement. Clarksons consistently highlighted the promising maritime supply and demand dynamics, underscored by historic lows in new ship constructions and a surge in ship demolitions, partly due to evolving regulatory stipulations. 8-March-2020


London-based the world’s biggest shipbroker Clarksons Refines Indices in Light of International Maritime Organization (IMO) 2020 Implementation. Stephen Gordon, the esteemed research head of Clarksons, elucidates the incorporation of the novel fuel regulations into their dataset. Recent disclosures by Clarksons Research illuminate how the International Maritime Organization (IMO) 2020 regulations, emphasizing low-sulphur fuel, will influence its maritime indices. Director Stephen Gordon articulated that as the maritime domain embraces bunkers conforming to the novel sulphur restrictions, they have been amassing an enriched dataset and recalibrating certain foundational assumptions. London-listed shipbroker Clarksons, through its research division, has intensified its surveillance of bunker prices to encompass the latest classifications. This is in a bid to decode some of the regional price fluctuations observed in the preceding months, Stephen Gordon observed. Commencing in the last trimester of the preceding year, CEO Andi Case-led Clarksons initiated the dissemination of projections regarding the financial repercussions of the pricier low-sulphur fuel oil (LSFO) on its theoretical time charter equivalent (TCE) returns. In the impending inaugural Shipping Intelligence Weekly of 2020, the predominant ships will pivot to low-sulphur fuel oil (LSFO) presumptions. “At present, it remains somewhat nebulous as to the precise allocation of these fuel expenses. This ambiguity stems from the multifarious market dynamics, an array of fixtures, regional bunker trajectories, fuel hedging methodologies, World Scale baseline presumptions, and more,” Stephen Gordon expounded. A mere 12% of the global naval fleet, with the inclusion of scrubbers, retains the capability to utilize the traditional bunkers. This percentage is anticipated to ascend to 19% of the collective tonnage by this year’s end, as per Stephen Gordon’s statement. For vessels like VLCCs and capesizes, the figure already touches 20%. London-based the world’s biggest shipbroker Clarksons aims to monitor ship revenues assuming elevated-sulphur fuel utilization across primary markets and routes. Where feasible, Clarksons will replicate this for the time charter market. Although sale and purchase cost benchmarks remain non-scrubber oriented, Clarksons Valuations has been bestowing premiums individually to vessels for some duration. Furthermore, London-listed shipbroker Clarksons has been keenly observing the metamorphosis of the eco ship, presently epitomized as the quintessential five-year-old ship in the global fleet. Such vessels are projected to constitute a quarter of the entire fleet by the close of the year. CEO Andi Case-led Clarksons an eco-ship is characterized by its electronic primary engine and procurement post-2012. 9-January-2020


As the global milieu becomes trepidatious, London-based the world’s biggest shipbroker Clarksons exhibits a cautious stance, contemplating the impediments that might mar the anticipated revival. Though hopeful of a resurgence in 2020, an impending economic contraction may contest this prediction. While not prognosticating an economic downturn, London-listed shipbroker Clarksons did sound an alarm this Tuesday.Clarksons revealed in an analytical paper that a mere deceleration of the global GDP growth to 2% could plummet the rates of capesize bulkers to a mere $12,000 daily, and panamax boxships might tumble to $8,000, consequently hampering the forecasted tanker rally spurred by International Maritime Organization (IMO) 2020 emission standards. “Our foundational assumption remains unwavering,” the report opined, penned by distinguished analysts Frode Morkedal, Erik Hovi, and Henriette Vevstad of Clarksons Platou Securities in Oslo. “Yet, the prevailing investment climate might exhibit reservations. Although the prospective rates hover marginally below many shipowners’ financial equilibrium, past downturns have occasionally surpassed anticipated severities.” Recent geopolitical tensions, such as the escalating trade discord between the United States and China, coupled with whispers of economic stagnations in nations including Germany and the United Kingdom, and the ominous inversion of the yield curve for 10-year and 2-year U.S. Treasury bonds – a quintessential precursor to an economic lull – have ignited apprehensions of an imminent recession. Maritime equities have indeed faced tribulations due to these trade skirmishes; however, several indices from the Baltic Exchange have witnessed a revival recently. The anticipation remains that a restrained order book shall maintain a balanced supply. If the shadows of recession materialize, as many economic savants speculate, the demand for boxships may plummet from Clarksons’ envisioned 6.7% to a scant 1%, bulkers from an optimistic 4.3% to a mere 0.9%, and tankers might dwindle from 7.7% to 5.1%, leading to a stark decline in utilization rates across the board. While tankers and boxships might find solace in OPEC’s strategic reductions and decelerated steaming respectively, the rates will inevitably suffer. Bulk shipowners, Clarksons postulated, may find fortune elusive, primarily due to diminished demand for iron ore impacting trading distances. London-based the world’s biggest shipbroker Clarksons maintains unwavering faith in its foundational projection, anticipating rates for VLCCs soaring to $60,000 daily, panamax containerships reaching $14,600 per day, and capesize bulk carriers attaining $18,300, amid an upswing in international commerce, demand, and vessel utilization. In the ominous shadows of a recession, London-listed shipbroker Clarksons advises discerning investors to set their sights on the industry’s titans. 20-August-2019


Clarksons Platou S&P shipbrokers forecast heightened engagement in the dry bulk sectors, as prospective purchasers of bulk carriers queue up in an increasingly constrained marketplace. The escalating rates for substantial tonnage across both wet and dry divisions, coupled with a pile-up of yet-to-be-finalized transactions, represent merely a fraction of the broader narrative, opined Martin Rowe, the Director General of Clarksons Platou Asia, based in Hong Kong. Especially within the dry bulk sphere, the stagnation in market expansion combined with the looming deadline of the International Maritime Organization (IMO) 2020, augments a positive panorama for his vocation. Martin Rowe articulated that the fleet’s capacity has consistently held its ground, coupled with a burgeoning awareness that, as we transition towards Q3 and Q4, the volume of vessels earmarked for scrubber installations or routine upkeep is poised to precipitate a tangible reduction in the operational fleet. A trend that’s anticipated to endure into the ensuing year. Martin Rowe reported that Clarksons’ optimistic anticipation that these determinants would herald a resurgence in the S&P (Sale and Purchase) domain. Martin Rowe, the Director General of Clarksons Platou Asia, noted that the current dynamics undeniably underscore a more robust resonance within the marketplace. Regarding vessels of diminutive size, Martin Rowe believes that owners of handysize bulk carriers up to 28K DWT have undergone a poignant moment of introspection, predisposing them towards more conservative pricing anticipations to expedite impending agreements. Presently, shipowners of these smaller tonnage vessels might be coming to terms with the necessity to recalibrate their aspirations. 25-June-2019


London-listed shipbroking giant Clarksons was targeted by hackers in other words cyber-criminals last week. Clarksons is working with London police for stolen data that may be released by hackers. Clarksons CEO Andi Case told that this cyberattack has
not affected Clarksons’ ability to do business. London-listed shipbroking giant Clarksons is working closely with specialist cybercriminals police teams and data security experts to protect clients’ databases. 3-December-2017


Italian dry cargo and heavy-lift shipbroker HP Shipping is opening an office in Switzerland under the name of DNP HB Shipping. Switzerland DNP HB Shipping will be managed by Edoardo Olivari. Italian HP Shipping was established in 2009 by Maurizio Gozzi and other shipbrokers left Clarksons. There are huge concerns over the future of the Italian dry cargo business after the sale to Arcelor Mittal which is Europe’s biggest steel plant. 20-July-2017


South Korea based shipowner and operator Pan Ocean is buying 2 Japanese 2012 built kamsarmax dry bulk carriers from bankrupted shipowner Hanjin Shipping. South Korea based shipowner and operator Pan Ocean is buying 82K dry bulk kamsarmax bulk carriers M/V Hanjin Hadong and M/V Hanjin Port Kamsar for $21 million each. Clarksons is sale and purchase brokers of 6 dry bulk carriers on behalf of Korea Development Bank (KDB). 19-May-2017


Clarksons Research Services is predicting seaborn growth in the dry bulk market in 2017. Clarksons Research Services MD Steve Gordonforecasts growth in dry bulk will be 3.5% in 2017. Clarksons Research Services MD Steve Gordon estimates that the dry bulk market will move away from the ‘bottom’ of the cycle in 2017. Shipyards supply increased to 100 million DWT, but shop deliveries are forecast to slow through 2018. 12-April-2017


The leadership team at Clarksons witnessed a modest bonus allocation following the diminished profits in 2016. Andi Case, Jeff Woyda, and Peter Anker, eminent managers of the London Stock Exchange-listed Clarksons, garnered reduced bonuses that year. Clarksons reported a profit margin of a mere £44 million in 2016. Despite this, Clarksons’ shares on the London Stock Exchange experienced a surge of 2.13%, standing at £27.37, yet not reaching the zenith of £30.23 per share established on March 24, 2017. The prevailing stringent macro-economic climate continues in 2017; however, imminent strides in the shipping sector promise to bolster the fortunes of shipbroking firms. 10-April-2017


Clarksons Platou Securities’ Analysts inspected  New York-listed and lately restructured Genco Shipping & Trading with a “buy” rating on the stock. According to analysts New York-listed and lately restructured Genco Shipping & Trading $17 per share target price is well-placed to benefit from rising dry bulk carrier market. Shipping analysts marked that trade at a discount relative to Net Asset Value. Clarksons Platou Securities’ Analysts estimates that Net Income of Genco Shipping will rise to $74 million in 2019. 4-April-2017


John Fredriksen stopped doing business with shipbroker Clarksons Platou. John Fredriksen worked with Clarksons for 50 years and now-departed ways. The reason might be Clarksons broking 2 jack-up rigs to John Fredriksen’s former right arm Tor Olav Troim. John Fredriksen has his own sale and purchase broking house which was set up in partnership with Arctic Securities at the beginning of 2016. 20-December-2016


Collapsed Hanjin Shipping’s 16 vessels, worth about $300m in total will be sold by Korea Development Bank (KDB). Eight shipbroker companies have submitted applications to the Korea Development Bank (KDB) ship sale. Independently applied by Clarksons, Fearnleys, Maersk Broker. Howe Robinson, Arrow Shipbroking, Braemar ACM, and Simpson Spence Young are bidding in tandem with South Korean partners. Korea Development Bank (KDB)’s 16 vessel sale applications were due in at the start of this week and a selection is expected by the end of it. Korea Development Bank (KDB) is understood to have asked shipbrokers to advise on whether they should sell the vessels now or wait for further market improvement. South Korea’s largest shipping company Hanjin Shipping, filed for court receivership on 31 August 2016 after months of trying to raise liquidity and restructure its debt. 15-November-2016


Simpson Spence Young (SSY) named Mark Richardson as its next chairman for retiring John Welham. Mark Richardson is a former Clarksons’ dry cargo and futures broker. 8-March-2016