Oil price in free fall
The oil price continued its dramatic fall this past week and has now dropped below the magic threshold of USD 50 per barrel. Carriers are saving huge sums on fuel, but the sliding price could increase overcapacity in the fleet.
The OW Bunker drama
The drama at OW Bunker continues, not least in terms of the future court battle to settle the bankruptcy. And the OW collapse has now claimed its first major victim as Belgian bunker company Wiljo is forced to file for Chapter 11.
The dry bulk nightmare
The global dry bulk industry experienced a horrendous finish to 2014. The coming year could become another long walk in the desert for the struggling carriers.
Clipper has sent a ship to be scrapped on the beach of Alang in India, and perhaps improved conditions are underway in spite of the controversial and much-discussed conditions for workers on the beaches.