Spot rates for very large crude carriers (VLCCs) — tankers that carry 2 million barrels of oil — just breached the $100,000-per-day threshold. It could be a taste of things to come. Analysts and investors are increasingly confident that the tanker business is headed into a long, sustained upcycle. “VLCC rates have surged at the …
Crude shipping revs up; supertanker rates top $100,000 a day Read More »
Clean The Middle East Gulf has been active this week with rates improving on all sizes. TC1 (75kt MEG/Japan) has had a weekly gain of six points to WS195.31 (a round-trip TCE of $52,300 per day). Meanwhile, the Western discharging TC20 recovered by $107,000 to 4,735,714. LR2s on the 55kt MEG/Japan run (TC5) have also …
Rates for shipping containers from Asia to the US continued to slide this week as congestion has largely dissipated at East and West Coast ports amid slowing demand from US consumers for goods, highlighting this week’s logistics update. Overall, pressure on global supply chains decreased considerably in February and are now below the historical average, …
La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …
La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …
Hapag-Lloyd proyecta que su EBIT disminuirá hasta un 88% en 2023 Read More »
La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, gained for the third straight week, helped by higher rates for all vessel segments, largely capesizes. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 45 points, or about 3.3%, at 1,424, the …
Baltic index gains for third week on stronger capsizes Read More »
Data from Clarkson shows this niche area is outperforming the rest of the shipping market, with 38 newbuild PCTCs ordered in 2021 and 90 more in 2022. The rise rests on several factors: limited shipping capacity, an increase in trade of vehicles since late 2020, the quest for greener supply chain solutions, particularly from electric …
Demand for greener supply chain boosts PCTC newbuild market in China Read More »
In the Pan Ocean Co Ltd v. Daelim Corporation (DL Lilac) [2023] EWHC 391 (Comm) charterparty dispute, the arbitral tribunal found that the charterer was in breach of an implied obligation to have the holds re-inspected without delay after a failed inspection and they were not, therefore, entitled to claim the vessel was off-hire for …
Refining margins for very low sulphur fuel oil (VLSFO) in Asia posted a mild weekly gain despite heavy supply arrivals this month, data showed Friday. The front-month April margin for 0.5% VLSFO rose 5 cents from its previous session to $8.75 per barrel at the Asia close (0830 GMT), firming by 5% week-on-week. Arbitrage supplies …
VLSFO margin posts weekly gain despite ample prompt supplies Read More »
