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Shipping Costs are Surging Globally, Squeezing Grain Traders

Booming rates to ship iron and coal are giving grain traders a migraine. The cost of moving pretty much every dry-bulk commodity — from fertilizer to salt to rocks — has surged since July, lifting the London-based Baltic Exchange’s main freight gauge to its highest in almost four years. The rally has been fired by [...]

By | December 12th, 2017|News|0 Comments

NWE gasoline flows to N America at around 460,000 mt for Dec: cFlow

Gasoline flows to the US and east coast of Canada from Europe and arriving in December so far amount to around 460,000 mt, according to data Monday from S&P Global Platts trade flow software cFlow. Six vessels most likely carrying gasoline have left Northwest Europe over the past seven days to go to North America, [...]

By | December 12th, 2017|News|0 Comments

Smart shipping, moving forward

A special ceremony was held this week as part of Marintec China 2017, in which the first China smart ship was presented with LR cyber-enabled ship descriptive notes. The vessel, Great Intelligence, was designed by Shanghai Merchant Ship Design and Research Institute (SDARI) and built at Guangzhou Wenchong Shipyard Co., Ltd (GWS), a subsidiary of [...]

By | December 11th, 2017|News|0 Comments

Plenty Of Gifts For Container Shipping This Year…

The festive season is coming closer, and for many of us the time to get the seasonal shopping done is running out. For the containership sector, however, the peak shipping season was back in the summer, giving us a chance to reflect already on how consumer and manufacturing trends have left box shipping looking back [...]

By | December 11th, 2017|News|0 Comments

Feature: How shipping containers change the world

The relentless pursuit of technological advancement since the World War II has given the global community inventions like mobile phones, modern cars and television. A lot of thought has been given to the individual commodities that enrich the modern world, but much less is afforded to the simple invention that made it all accessible. That’s [...]

By | December 11th, 2017|News|0 Comments

Americas Medium Range short-haul freight runs up 33%-62% on week

The cost of carrying clean petroleum products on Medium Range tankers on the short-haul US Gulf Coast-East Coast Mexico and the USGC-Caribbean routes rose 62% and 33%, respectively, during the week of December 4-8, marking a significant shift in the period after Thanksgiving. S&P Global Platts assessed the USGC-Caribbean run at $525,000 lump sum on [...]

By | December 11th, 2017|News|0 Comments

MABUX Weekly Report: Rising oil production in the U.S. may pressure bunker prices

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO at the main world hubs) declined sharply in the period of Nov. 30 – Dec. 07: 380 HSFO – down from 354.43 to 347.14 USD/MT (-7.29) 180 HSFO – down from 396.93 to 388.50 USD/MT (-8.43) MGO -down [...]

By | December 11th, 2017|News|0 Comments

Mediterranean bunker fuel prices look to shake off one-month lows amid rising demand

Bunker fuel prices at a number of ports in the Mediterranean have sunk to lows of four to six weeks on falling high sulfur fuel oil but this could change on the back of rising pre-Christmas demand from shippers, sources said. S&P Global Platts assessed 380 CST fuel oil at Malta, Piraeus and Istanbul at [...]

By | December 11th, 2017|News|0 Comments

Ships demolition market picks up

Shipowners have been looking to offload more of their older ships over the course of the past couple of weeks, according to the latest reports from shipbrokers. Clarkson Platou Hellas said that “as we now approach the period of Advent, observed in many Christian churches as a time of expectant waiting and preparation for the [...]

By | December 8th, 2017|News|0 Comments

VLCCs See Counterseasonal Drop in Demand

The Asian VLCC market has been facing unrelenting downwards pressure in recent weeks, with rates for the benchmark AG/Japan route plunging by w15.5 points m-o-m to w54.5 as of today. This translates into $7.99/mt, which is 44% lower than that of the year before. A smaller December loading program in the AG as well as [...]

By | December 8th, 2017|News|0 Comments

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