ShippingWatch

A part ofWatch Medier

SeaIntel: Farewell to slow steaming with oil price of USD 50

Today's news that the oil price has now dropped below USD 50 for the first time in five years comes as bad news to the container industry. CEO and partner of SeaIntel, Lars Jensen, expects that several major alliances will increase their speed unless the price changes in the coming months.

Photo: Hanjin
BY TOMAS KRISTIANSEN
Published:

Log in to read our articles

Welcome to ShippingWatch. A part of our content is exclusive and reserved for our users.

Log in

Try ShippingWatch for 14 days.

Get a trial subscription here.

Do you want a trial subscription with multiple users for yourself and your colleagues?

Read more about your options and find the contact information to our sales team here.

Related articles

Latest news

  1. IMO meeting criticized for postponing tough discussion
  2. DFDS' cost reduction measures increase layoffs by 150 employees
  3. Nordea lowered its exposure to shipping and offshore
  4. Wärtsilä hit by low ordering activity
  5. Danske Bank points to the climate winners and losers in shipping
  6. Gas leak at Tyra field had two people in mortal danger
  7. Japan's NYK Line buys Total out of LNG company
  8. DFDS upgrades its 2020 outlook again
  9. Equinor's CFO steps down – replacement found internally
  10. BW Offshore liquidates subsidiary and expects new large impairment
  11. Wilhelmsen and partners get EU millions to develop hydrogen-powered ship
  12. Port of Rotterdam introduces long-awaited bunker license next year
  13. Maersk's former climate director lands new job outside shipping
  14. More diesel in ship fuel raises risk it may turn into sludge
  15. Alfa Laval's order book shrinks
  16. Carsten Trolle provides behind-the-scenes look into DSV's acquisition process
  17. BP's market value drops to 26-year low
  18. Wallenius Wilhelmsen's billion-dollar contract at risk after complaint in the US
  19. Offshore sector accounts for more than half of DNB's non-performing loans
  20. Investigation points to dangerous cargo as likely cause of fire on Maersk Honam

See all

Jobs

See all

See all