IFCHOR GALBRAITHS

𝗜𝗚 𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸: Reflecting rising loadings in the Pacific since mid-October, China’s coal imports surged +26% YoY to a record in November. Prioritizing lower energy costs to support export-driven manufacturing amid a sluggish construction sector, Chinese authorities show no signs of introducing tariffs to curb imports. Indeed, December coal loadings remain strong. For more insights on this topic and its impact on the freight market, contact us at research@IfchorGalbraiths.com. #IfchorGalbraiths #ChinaEconomy #Coal #Commodities #Freight #MaritimeIndustry

𝗖𝗹𝗲𝗮𝗻 𝘁𝗮𝗻𝗸𝗲𝗿 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 faced significant challenges in 2H2024, with earnings under pressure. Explore the trends shaping performance and prospects for 2025. Read more: https://lnkd.in/ePuQZMUF. #IfchorGalbraiths #Maritime #OilIndustry #Refinery #Tanker

OPEC+'s decision to extend their additional 2.2m b/d production cuts until April 2025 is shaping the 𝘁𝗮𝗻𝗸𝗲𝗿 𝗺𝗮𝗿𝗸𝗲𝘁, with VLCCs facing continued challenges. The article by the IG Research team provides an overview of how these developments, along with growing non-OPEC production, are influencing market dynamics and what this could mean for the year ahead. For the full article, visit: https://lnkd.in/eshSZAjw. #IfchorGalbraiths #Maritime #OilIndustry #TankerMarket #VLCC

𝗜𝗚 𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸: The year 2025 will see the divergence between deliveries of the larger Capesize/VLOC and the other smaller bulk carriers further widen, with potential implications on the dynamics of freight rates. Unlike to other bulk carrier segments, deliveries of Capesize vessels have down trended since 2020 and are expected at a six-year low in 2025. For more insights on this topic and its impact on the freight market, contact us at research@IfchorGalbraiths.com. #IfchorGalbraiths #CargoShip #Shipowners #Shipping #Vessels

It is happening tomorrow: Eleni Chavredaki, representing IFCHOR GALBRAITHS' Sustainability Team and Maritime Carbon Solutions, will share her perspective on carbon accounting and advisory at the webinar "𝗕𝘂𝗿𝗲𝗮𝘂 𝗩𝗲𝗿𝗶𝘁𝗮𝘀 𝗽𝗿𝗲𝘀𝗲𝗻𝘁𝘀: 𝗢𝗿𝗯𝗶𝘁𝗠𝗜’𝘀 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝘁𝗼 𝗙𝘂𝗲𝗹𝗘𝗨 𝗠𝗮𝗿𝗶𝘁𝗶𝗺𝗲". Organized by Bureau Veritas | Marine & Offshore and hosted by OrbitMI Inc., this session will take place on 4 December at 2 PM CET. Register now: https://lnkd.in/dD8fe2pJ. The webinar will explore OrbitMI’s approach to the FuelEU Maritime regulation, effective January 2025, and its implications for maritime stakeholders. The session will feature insights from speakers representing Class, brokering, carbon markets, and shipowners, providing a comprehensive view of compliance challenges and solutions. David Levy Eleni Chavredaki Filip Feurst Julien Boulland .Nicolas Girod Tobias C. #IfchorGalbraiths #CarbonEmissions #Decarbonisation #FuelEUMaritime #ShapingaBetterMaritimeWorld #ShippingIndustry

Serena Piazzo, one of our Analysts, will represent IFCHOR GALBRAITHS at 𝗕𝗿𝗲𝗮𝗸𝘄𝗮𝘃𝗲 𝗗𝗮𝘆 on 5 December 2024, streaming live from 4 to 6 pm CET.   Serena will join the Dry Bulk Panel, sharing our insights on market trends and outlook for 2025.   Hosted by Breakwave Advisors, this two-hour event brings together industry professionals to discuss key developments in shipping markets, including tankers and bulk carriers.   No registration is needed - simply visit the Breakwave Advisors homepage to watch live: https://lnkd.in/eR9bqSAx.   Find the full agenda here: https://lnkd.in/er-tZMFS.     #IfchorGalbraiths #DryBulk #ShippingMarkets #MaritimeIndustry

With FuelEU Maritime taking effect on 1 January 2025, the regulation introduces strict GHG intensity limits, creating significant challenges for the maritime industry. 𝗛𝗼𝘄 𝗰𝗮𝗻 𝘀𝘁𝗮𝗸𝗲𝗵𝗼𝗹𝗱𝗲𝗿𝘀 𝗻𝗮𝘃𝗶𝗴𝗮𝘁𝗲 𝘁𝗵𝗶𝘀 𝗰𝗼𝗺𝗽𝗹𝗲𝘅 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸? On 4 December 2024, at 2 PM CET, a 𝘄𝗲𝗯𝗶𝗻𝗮𝗿 𝘁𝗶𝘁𝗹𝗲𝗱 "𝗕𝘂𝗿𝗲𝗮𝘂 𝗩𝗲𝗿𝗶𝘁𝗮𝘀 𝗽𝗿𝗲𝘀𝗲𝗻𝘁𝘀: 𝗢𝗿𝗯𝗶𝘁𝗠𝗜’𝘀 𝗘𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝘁𝗼 𝗙𝘂𝗲𝗹𝗘𝗨 𝗠𝗮𝗿𝗶𝘁𝗶𝗺𝗲" will explore Bureau Veritas’ partner OrbitMI’s approach to FuelEU Maritime within this complex ecosystem. This webinar features a panel of maritime experts – covering Class, brokering, carbon markets, and shipowners – who will explain the multi-faceted nature of the regulation. Crucially, it will elucidate OrbitMI’s holistic approach to providing solutions that help shipowners track and reduce GHG intensity while achieving compliance. Register here to participate https://lnkd.in/dD8fe2pJ. Eleni Chavredaki, representing IFCHOR GALBRAITHS’ Sustainability Team and Maritime Carbon Solutions, will join the panel to provide a carbon accounting and advisory perspective. Her participation reflects IG’s strategic partnerships with OrbitMI Inc and Bureau Veritas Group to address regulatory challenges and promote maritime sustainability. SPEAKERS & HOSTS 𝗣𝗮𝗻𝗲𝗹𝗶𝘀𝘁𝘀: Eleni Chavredaki – IFCHOR GALBRAITHS (Sustainability Team) Filip Feurst – Stena Bulk .Nicolas Girod – ClearBlue Markets Tobias C. – OrbitMI 𝗛𝗼𝘀𝘁𝘀: Julien Boulland – Bureau Veritas Marine & Offshore David Levy – OrbitMI #IfchorGalbraiths #FuelEUMaritime #MaritimeRegulation #Sustainability 

𝗜𝗚 𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸: Last week, iron ore stockpiles in Chinese ports returned above the 150Mt-mark for the first time since late-Sep’24 on the back of recovering weekly exports from Australia & Brazil in the past month and stronger iron ore mining output in China since Sep’24. For more insights on this topic and its impact on the freight market, contact us at research@IfchorGalbraiths.com. #IfchorGalbraiths #IronOre #Shipping #Vessel

𝗜𝗚 𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸: China's production of vehicles rose +6.3% YoY to a record 3 million in Oct’24, and it was accompanied a +16% YoY increase of the production of cold-rolled coils, the steel product used for making cars. Chinese industrial demand for steel and iron ore is still growing despite atone construction sector. Does China’s industrial output target domestic demand in China or exports? Both for sure, although, in Oct’24, exports of those two products increased +11.1% and +41% YoY, respectively, about twice faster than corresponding production increase! For more insights on this topic and its impact on the freight market, contact us at research@IfchorGalbraiths.com. #IfchorGalbraiths #BulkCargo #Commodities #Freight #SteelIndustry

Earlier this month, Maximilian O., Director of IG Capital, represented IFCHOR GALBRAITHS at the 4th Annual Capital Link German Maritime Forum in Hamburg on 6th November. Speaking on the panel "𝗧𝗵𝗲 𝗘𝘃𝗼𝗹𝘃𝗶𝗻𝗴 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 𝗼𝗳 𝗦𝗵𝗶𝗽 𝗙𝗶𝗻𝗮𝗻𝗰𝗲", Maximilian explored shifting trends in debt and leasing structures, the role of alternative capital in financing older assets, and the potential for technology to improve deal processes. As a sponsor of the Forum, we thank Capital Link for organising such insightful discussions and fostering dialogue on the future of ship finance. #IfchorGalbraiths #Fleet #Freight #MaritimeIndustry #ShipFinance