It has been a week when reality bit. Whether it was in dry bulk markets, LNG or even the nascent issue of carbon disclosure, the impact of fundamentals has been seen again.
On a more positive note, it was also the fundamental of the overall strength of shipping markets this year that saw the world's biggest broker flag the expectation of record profits. in the case of Clarksons reality has given it more of a love bite
1. Only two shipping groups get top rating for carbon disclosure
The Carbon Disclosure Project has handed out its report cards, and there are just two shipping companies that received A grades, and there were a lot of Ds and Fs.
2. Dry bulk market headed to 'overcorrection', Platts analysts say
The problem with cyclical shipping sectors is that every rise eventually has its fall — the question is when. Analysts at S&P Global Platts believe the slump maybe not far off, since "overperformance" will inevitably be followed by "overcorrection".
3. LNG industry hears horror story: the market could run out of ships
The spectre haunting the LNG industry is a threat from the future: the Carbon Intensity Index that comes into play for in 2023. Lloyd's Register gas technology segment manager Panayiotis Mitrou explained how the impact on the fleet could lead to a dearth of LNG carriers to meet shipping needs.
4. Clarksons heads for $86m profit as trading beats expectations
It's a good year to be a shipbroker, and Clarksons' latest profit guidance is case in point. The London-listed broking giant told investors that it forecasts profits that will come in better than market expectations.
5. Scorpio Tankers feud rages as Deutsche Bank rips options buy
Scorpio Tankers' Robert Bugbee and Deutsche Bank's Amit Mehrotra are at it again. First Mehrotra, an analyst for the bank, doubled down on his "sell" rating on Scorpio's shares, warning of a dilutive equity raise ahead. Then Bugbee responded by investing in call options. Then it escalated.
6. Oldendorff puts Synergy in technical charge of 17 bulk carriers
Ship manager Synergy Group has added more tonnage to its growing fleet. Oldendorff Carriers has appointed Synergy Marine Germany for technical management of 17 of its bulkers.
