Category Archives: Chartering

Container ship size linked to bunker price

Posted on November 12, 2011 by Editor

Container ship operators are ordering ever larger vessels even in the face of a weak freight and time charter environment during 2011, says Braemar Seascope. This may appear to be counter-intuitive. In fact, it reinforces a trend that is at … Continue reading →

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Tanker fixtures rise in October offering ship owners hope for a brighter future

Posted on November 12, 2011 by Editor

In its latest monthly report on the oil and tanker market for October, OPEC said that the organization’s spot fixtures increased by 5% in October to average 11.8 mb/d, up from 11.23 mb/d in September, as per preliminary data. The … Continue reading →

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Cargo to U.S. Drops for First Time Since End of 2009

Posted on November 9, 2011 by Editor

U.S. imports on the world’s biggest trading route are dropping for the first time in almost two years as consumer confidence weakens to the lowest level since the recession that ended in 2009.Container volumes on the Asia-to-U.S. route fell 3.8 … Continue reading →

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Iraq projects may push oil output to 12.5m bpd

Posted on November 8, 2011 by Editor

Iraq’s oil production may rise to more than 12.5 million barrels a day (bpd) from about 2.4 million bpd by 2017 if things proceed as per plan, Iraq-based Rabee Securities said in a research report. “This growth in oil production … Continue reading →

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Poor markets hit HK’s shippers

Posted on November 6, 2011 by Editor

Uncertain conditions in the container shipping and dry bulk cargo markets continue to affect the maritime sector, according to trading results posted by Hong Kong’s leading shipping companies. Uncertain conditions in the container shipping and dry bulk cargo markets continue … Continue reading →

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Shipping Corporation of India Receives New Supramax Bulk Carrier

Posted on November 6, 2011 by Editor

The Shipping Corporation of India (SCI) accepted delivery of a Supramax bulk carrier, m.v. Vishva Prerna, on November 1, Exim News Service reports. The vessel has gross tonnage of 33,185 tonnes and deadweight of 57,161 tonnes. It has been classed … Continue reading →

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Ship Value: New Container Ships Fall 31% in Value as Rents, Economies Cool

Posted on November 6, 2011 by Editor

New container ships’ value dropped as much as 31 percent since April because of falling hire costs and cooling economies, according to Seasure Shipping Ltd.Post-panamax vessels that are too large to navigate the Panama Canal are worth $73.2 million, below … Continue reading →

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Rio Tinto Aims to Double Shipments on Own Vessels in Four Years

Posted on November 3, 2011 by Editor

Rio Tinto Group, the world’s second- largest mining company, aims to almost double the amount of commodities shipped on vessels it owns or hires to get iron ore and coal to customers more quickly. Ocean freight haulage on ships it … Continue reading →

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Trans-Pacific Rates Rise First Time in Two Months

Posted on November 3, 2011 by Editor

Trans-Pacific spot rates rebounded this week off their 22-month low of last week, rising for the first time in two months, as measured by Drewry Shipping Consultants weekly benchmark. The Drewry benchmark rate for container shipments from Hong Kong to … Continue reading →

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Australia’s Newcastle coal shipments off 24% last week, vessel queue peaks

Posted on November 1, 2011 by Editor

The performance of the Hunter Valley supply chain for coal exports in New South Wales, slipped to an 11-week low in the seven-day period to 7 am Australian Eastern Daylight Time Monday (2000 GMT October 30) at 1.86 million mt … Continue reading →

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