Infospectrum Insights

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How Will the Container Industry Recover USD20bn in Fuel Costs Post-2020?

Posted by Neil Dekker on Jan 18, 2019 1:42:55 PM

This week's Insight has come from one of our new colleagues and industry veteran Neil Dekker, formerly of Drewry and the Informa and Safmarine groups, who has covered the liner sector for over 25 years.

The way in which ocean carriers price their services has significantly changed in 2019 because of new IMO low sulphur fuel regulations due to be enforced on 1 January 2020. The companies are now more cost-driven and will focus on yield management in an effort to drive profits – after what will inevitably be a poor 2018 financial performance for the majority.
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Blue Sky Tanker Thinking - Changes Afoot in the VLCC Sector

Posted by Ian Staples on Jan 11, 2019 12:03:20 PM

This week's Insight has come from Infospectrum alumnus Ian Staples, now a Global VP at Inchcape Shipping Services, who has been keeping an eye on movements in the VLCC sector.

Wouldn’t it be nice to find out about a new trade route for shipping? Wouldn’t it be great if that trade route had never previously been active? It would be even better if it turned out to be a long haul route as well, right? Well, look no further, read on and behold the potential wonders of the changing of the world's crude oil market for VLCCs.
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Two Minutes With Gemma McSweeney, Head of Client Services, Oxford

Posted by William Hogg on Dec 18, 2018 11:28:30 AM

 

This month, we spoke with Gemma McSweeney, Head of Client Services for Infospectrum’s UK offices. She revealed how her career began and why she loves being a part of the Infospectrum team.

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The Rise in Piracy Off Nigeria - Is There Worse to Come?

Posted by William Hogg on Dec 18, 2018 11:26:44 AM

For more than a decade, piracy has been a prevalent issue in the maritime sector. It is perhaps infamous for the well-known hijackings of pirates operating off the Horn of Africa. Following significant multinational efforts and measures undertaken by shipping companies, hijacking attacks off the Horn of Africa have now reached a 22-year low. 

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Paying Third Parties – Knowing Your Rights

Posted by William Hogg on Dec 7, 2018 9:18:19 AM

Infospectrum is seeing an increase in the number of occasions its clients are being asked to pay third parties for goods or services, i.e. to pay a party with whom they have not contracted. Such requests are most commonly made in relation to payment of freight or bunkers. This article explores the underlying motivations as to why a client may be asked to pay a third party and the possible legal ramifications.

 

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Two Minutes With Dean Hilton, Analyst and General Manager, Australia

Posted by William Hogg on Nov 28, 2018 3:12:17 PM

This month, we caught up with Dean Hilton, Analyst and General Manager at Infospectrum’s Australia office, to learn more about his broad background and extensive shipping expertise.

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How Will IMO 2020 Impact Counterparty Risk Management?

Posted by William Hogg on Nov 27, 2018 12:20:39 PM

The International Energy Agency called the International Maritime Organization’s (IMO) 2020 global sulphur limit ‘easily the most dramatic change in fuel specifications in any oil product market on such a large scale’. How will the regulation impact the marine industry’s risk management landscape?

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LNG — Back to the Boom Years?

Posted by Crystal Chan on Nov 27, 2018 12:19:01 PM

Newbuilding orders for liquefied natural gas carriers are hitting fever pitch again. At last count, there are now more than 100 LNG carriers on order, a trend fuelled by rosy forecasts for LNG demand growth and the recovery in charter rates.

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Bouncing a Cheque in the UAE: Still a Serious Offence?

Posted by William Hogg on Nov 16, 2018 12:51:28 PM

For decades, Infospectrum’s clients have used the Post Dated Cheque (PDC) as a means of payment security. Even in these increasingly cashless/paperless times, payment by cheque remains an important part of the risk management of liquidity-strained clients in certain countries. Perhaps the most effective use of PDCs has been in the United Arab Emirates. Here we look at how this came to be, and whether it remains a useful tool.

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Bunkers, Increasing Costs of Capital and Disappearing Cash

Posted by William Hogg on Nov 1, 2018 3:11:04 PM

While bunker price forecasts in the current politico-economic environment are akin to staring at tea leaves, the next 12 months are expected to see further increases in prices for HSFO (already up 35-40% in the last 12 months), LSFO and distillates. On top of that, all participants in the bunker markets (to a greater or lesser degree) have been impacted by higher finance costs as LIBOR rates increase, with small to medium-sized bunker players struggling to secure finance at suitably attractive terms.

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