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Spot rate developments show fluctuating fortunes for ocean and air freight out of Far East

While spot rates are sailing in the right direction for ocean freight from the Far East to the South America East coast, short-term air freight rates are failing to take off on major intra-Asian and long haul trades. According to Oslo-based Xeneta, which crowd sources the very latest rates data from leading global shippers, such …

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Contractual chaos of emissions regs

Is there a misalignment between incentives to improve carbon intensity? That was the question posed by Alessio Sbraga, a partner in HFW’s shipping department in London, at a recent joint Baltic Exchange and Institute of Chartered Shipbrokers webinar. Sbraga told attendees that the commercial consequences of emission reduction measures such as the Energy Efficiency Existing …

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Faster transit times and easing port delays: light at the end of the tunnel for shippers?

After more than two years of chronic delays in container shipping, shippers are finally seeing continuing improvements in both transit times and in port delays, according to the latest metrics measured by Drewry Shipping Consultants. Since January, port congestion in North America – the most congested region – has halved from 20 times the norm …

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Tsakos Energy Navigation shuttle tanker PORTO delivered with DNV class

In a recent ceremony held at Daehan Shipbuilding Co. Ltd in Korea., Greek Tsakos Columbia Shipmanagement (TCM), took delivery of PORTO, its latest newbuild shuttle tanker. This is the30th DNV-classed vessel owned by TSAKOS Group. The 154,846 dwt shuttle tanker, registered with Maltese flag, is the first of the five DNV-classed newbuilds contracted to Daehan …

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Baltic sea freight index posts weekly gain as capesize rates jump

The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, logged its first weekly gain since mid-June, as a jump in capesize rates outweighed declines in other vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 140 points, or nearly 7%, …

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Dry Bulk Owner, Taylor Maritime Investments Reports Strong Visibility With Positive Outlook

Taylor Maritime Investments Limited (TMI / TMIP), the specialist dry bulk shipping company, announces its full year results for the financial period ended 31 March 2022. KEY FINANCIAL HIGHLIGHTS · Fleet of 31 vessels with total market value of US$546m, comprising US$480m of vessels and US$66m of assets held for sale · Average net time …

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Los tinglados del puerto de Sevilla se convierten en escenario bienal para mostrar los cantes de ida y vuelta en un espectáculo único

La XXII Bienal de Flamenco de Sevilla acogerá en su última jornada, el sábado 1 de octubre, un concierto de clausura especial y con un leit motiv además acorde con el espacio donde se celebrará: el Puerto de Sevilla. La próxima edición de la Bienal de Flamenco tendrá una cita con los cantes de ida …

Los tinglados del puerto de Sevilla se convierten en escenario bienal para mostrar los cantes de ida y vuelta en un espectáculo único Read More »

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