Download presentation
Read more

Steel Industry Takes a Breather
The global steel market has recently been overheated, with much higher production than consumption. Steel stocks increased and prices fell back. In sharp contrast, raw material prices are locked in at very high prices,  resulting in severe losses for many steel producers. After self-imposed steel production cut-backs in several countries, Chinese authorities in late October announced a 4th quarter cut of 10 million tonnes in the country´s production of certain steel products. That corresponds to more than 15 million tonnes of foreign iron ore.
Read more

Reduced Growth in Oil Demand - Big Changes in Supply
In July, the IEA revised its forecast for world oil demand growth in 2005 down from 2.2% to 1.9%, whereas estimates for last year were revised up from 3.4% to 3.6%. World oil demand in 2Q was only 1.0% higher than last year, after a growth of 2.0% in 1Q. The most striking feature is that China´s oil consumption is reported to be down 1.0% in 2Q this year, against a growth of 23.4% in the same quarter last year.

Read more

Strong Bulk Recovery
After a long period of decline the dry bulk market bounced back in early August, with the Baltic Dry index increasing 51% in just three weeks before easing somewhat to end the month up 44% from end July.
Read more

Fearnleys Weekly Market Update; Week 35 2010
Tankers		Dry Bulk
Even though VLCC owners have made every effort to reverse the recent spate of low rates in the MEG market, their attempt has been largely un... Read more		There was more uncertainty in the beginning of the week with London off and a clear lack of activity. However with everyone back in office, ... Read more
Gas		Newbuilding
There were a few more inquiries in the VLGC market once the September posted prices were announced, however, it has not resulted in many fre... Read more		It has been a fairly active week in the tanker segment, with totally 7 VLCCs and a pair of LR1s contracted. Hong Kong based Wah Kwong Shippi... Read more
Updated 01.09.2010

Publications
Fearnleys Monthly Report Subscription Oil and Tanker Market Quarterly Subscription World Pure Car Carrier Fleet Subscription		Monthly Bulk Fleet Update Subscription Dry Bulk Market Quarterly Subscription

How do I buy/subscribe

See all reports Subscription publications