As the 2017 peak season winds down for ocean carriers, a look back finds that it was a season for volume records at many ports, particularly in the US. The rates, however, were another story.
News ID: 78027 Publish Date : 2018/01/08
The outlook for the global shipping industry remains negative, according to Fitch Ratings, as the rating agency doesn’t expect a material improvement in market fundamentals in 2018 due to lingering overcapacity.
News ID: 77587 Publish Date : 2017/12/08
Freight rates for large dry cargo ships on key Asian routes, which hit three-year highs this week, are likely to rise further on a shortage of ships available for immediate charter, brokers said.
News ID: 77541 Publish Date : 2017/12/04
Crude tanker freight rate s are expected to decline further in 2018 following a sharp decline in 2017, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
News ID: 77321 Publish Date : 2017/11/20
A.P. Moller-Maersk's main sea freight business faces the threat of a new price war in a consolidating industry, though the company has been fortified by the $7.5 billion sale of its oil and gas business to France's Total Reuters reported.
News ID: 75885 Publish Date : 2017/08/26
, NRA Capital says
DRY bulk charter rates are expected to become more stable and rise gradually in the second half as longer-term drivers remain intact, NRA Capital said.
News ID: 74720 Publish Date : 2017/07/03
Drewry:
Recovery in the crude tanker shipping market is not expected until 2020 as weak trade growth and a bloated orderbook limit any rate recovery. But the timing of any market upturn will be heavily influenced by the level of scrapping, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
News ID: 73890 Publish Date : 2017/05/13
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Friday, as gains in capesize rates failed to offset lower rates for panamax and smaller vessels.
News ID: 73772 Publish Date : 2017/05/06
Drewry:
Westbound Asia to Mediterranean volumes have been disappointing thus far in 2017, but shipments heading in the opposite direction are surging, according to shipping consultancy Drewry.
News ID: 73478 Publish Date : 2017/04/18
Over 30 LNG carriers are idling as spot trading of cargoes slows across all markets, leaving vessels without employment.
News ID: 72595 Publish Date : 2017/02/25
Container spot freight rate s from Asia to Northern Europe rose 7 percent to $961 per twenty-foot equivalent units (TEU), the Shanghai Containerized Freight Index showed.
News ID: 72590 Publish Date : 2017/02/25
Around 30 VLCC charters in Feb so far, versus 50 last month. About 40 refinery facilities to close for maintenance.
News ID: 72587 Publish Date : 2017/02/25
WITH the International Maritime Organization cutting the sulphur content in marine fuel to 0.5% globally from 2020, versus 3.5% now, shipping market participants will have to pay more to use more eco-friendly products
News ID: 72555 Publish Date : 2017/02/22
Fourteen container lines including CMA CGM and Evergreen Marine have been fined by China’s ministry of transport over their failure to be transparent over the disclosure of their freight rate s.
News ID: 72504 Publish Date : 2017/02/21
In 2017:
The bankruptcy of South Korea’s Hanjin Shipping Co. and a consolidation in container shipping industry will pave the way for a better 2017 for the industry, according to Robbert van Trooijen, the Asia-Pacific chief of Maersk Line.
News ID: 72280 Publish Date : 2017/02/13
Box rates expected to be 20%-40% higher than in 2016, but shippers are advised to sign deals after Chinese New Year when prices subside.
News ID: 71867 Publish Date : 2017/01/25
The Asian Aframax market has been strengthening steadily and the rates are expected to continue firming on the back of increased cargoes, weather delays and a tighter tonnage list.
News ID: 70803 Publish Date : 2016/12/11
Freight rates for Aframax tankers on Black Sea-Mediterranean and cross Mediterranean routes almost doubled on Friday to their highest since July, driven by demand for loadings at the end of November at a time when many Aframaxes are storing oil at sea.
News ID: 70251 Publish Date : 2016/11/14
As the container shipping industry goes through “generational changes” US Federal Maritime Commission (FMC) chairman Mario Cordero says shippers will have to accept that “rates will rise at some point”.
News ID: 70136 Publish Date : 2016/11/12
China COSCO Shipping will not raise its shipping prices as it had planned, reports Caixin quoting shipping agency representatives at Shanghai’s port.
News ID: 69105 Publish Date : 2016/09/29