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Rhine Shipping Goes Online

Dutch oil, chemicals and storage group Petroplus is one of the partners to launch an Internet-based portal and online exchange to transform the traditional Rhine-based shipping sector. Shippers, integrated barge owner companies, independent barge brokers and individual barge owners will have the opportunity to conduct business online through this portal, Petroplus said in a statement. The other founding shareholders of the project are BP Amoco, shipping and tank storage firm Royal Vopak and Germany's Marquard & Bahls AG which trades under the brand names Mabanaft and Oiltanking. The project is supported by the Rhine Barge Owners Association, Petroplus added. Management and technology consultancy Booz Allen & Hamilton will provide strategy and e-technology services to the venture. Petroplus said the portal would be a neutral market place, focusing on barge freight trading on the Rhine and associated waterways. It will be extended to provide content and services, including weather and information on Rhine levels and rates, pre and post fixture status updates, risk management, bunkering and maintenance and vetting checks. Petroplus said the Rhine transport market had an estimated size of $650 million per year for freight brokering transactions alone. An additional four billion euros is spent on services related to barge operations, it said.


Supertankers Buying Spree to Beat Oil Glut

Oil Tanker: Vitol

 Some of the world’s largest oil traders are reportedly hiring supertankers in a possible attempt to stockpile oil supplies following the plunge in world prices.   Trading firms including Vitol, Trafigura and energy major Shell have all booked crude tankers for up to 12 months, Reuters said, quoting freight brokers and shipping sources. These companies have booked crude tankers for up to 12 months - taking advantage of some cheaper rates of hire.  


Industry veteran Joseph F. Daly, dies at 91

Longtime industry veteran Joseph F. Daly passed away on April 2, 2005. He was 91 years old. Joseph F. Daly began his career in the transportation industry in 1947 when he joined F. W. Hartmann directly out of the armed forces. A veteran of the US Army, Daly enlisted at age 17 and returned from active duty with the rank of Captain after fighting in the Pacific during WWII. Daly later served as President of F. W. Hartmann, a major steamship agent and freight broker that represented Hansa Line


Market Weighs on Asia Dry Bulk-Capesize Rates

Tonnage list grows in Pacific, Atlantic oceans; lack of coal cargoes weigh on freight rates. Freight rates for capesize bulk carriers are set to slide further next week, after falling to their lowest level in five weeks, due to a mounting supply of tonnage and uncertain cargo demand, ship brokers said on Thursday. "There's too many ships in the Pacific. There's a lot of ballasters (empty ships) sailing to Brazil," a Singapore-based ship broker said.


Asia Dry Bulk-Capesize Rates Could Bottom Out

File image: A ValeMax bulk carrier.

End-of-year cargo flurry still anticipated - brokers. Freight rates for capesize bulk carriers could bottom next week as owners resist charterers' attempts to force rates lower on the expectation of an end-of-year cargo flurry, brokers said on Thursday. "Nobody wants to lock-in freight prices at the current levels (and miss a November rates rebound)," said a Singapore-based capesize broker on Thursday.


Asia Dry Bulk-Capesize Rates to Stay Flat

Asia Dry Bulk-Capesize rates to stay flat, but higher fuel prices could provide support   Freight rates for capesize bulk carriers on key Asian routes are likely to remain flat as vessel supply outpaces cargo demand, while higher bunker prices could support freight rates, ship brokers said on Thursday.   "The market is going nowhere - there is no prospect of an improvement because there are so many ships available (for charter)


Asian Panamax Rates Rebound

Asian Panamax freight rates for dry bulk cargo bounced back this week and shipping agents said a recovery would become more evident with the start of South American export seasons in March. "Chartering activity is much more active than last week and we saw a substantial number of fixtures this week," said an executive at a shipping firm which operates Panamax-class business. For the benchmark U.S. Gulf to Japan route, freight rates were quoted higher on Friday at $21.775 per ton against $21


Asia Dry Bulk-Capesize Rates Could Soften

Capesize market "overheated" as rates near eight-month highs; optimism for a busier fourth quarter looms. Freight rates for capesize bulk carriers are likely to take a breather and drift lower after climbing to their highest level in nearly eight months this week following bad weather delays and charterers' need for urgent tonnage, ship brokers said. "It's been really hot. Both the Atlantic and the Pacific have become overheated


Asia Dry Bulk-Capesize Rates Impacted by China Holidays

Weak holiday demand to pressure rates lower. Rebound seen after China returns to market on Oct 8. Freight rates for capesize bulk carriers could come under pressure next week as lower cargo volumes due to holidays in China thwart shipowners efforts to push rates higher, ship brokers said. "There was a bit of a rush to fix earlier this week ahead of the holidays ... but it has been very quiet in the last couple of days," a Singapore-based capesize broker said on Thursday.


Asia VLCC rates Steady at Five-Year High

MidEast-Japan rates top $111,000 a day, highest since June 2010. Freight rates in Asian trades for very large crude carriers (VLCCs) are likely to remain firm as vessel supply and charter volumes stay evenly matched, ship brokers said on Friday. They have seen daily earnings soar by between $37,500-$42,000 in the last week. That came as earnings from the Middle East to Japan hit more than 91 on the Worldscale measure on Thursday, equivalent to $111,359 a day


Asia Tankers-VLCCs Rates Ease as Tanker Jams Fade

file image: A VLCC transits the Suez Canal (Suez Canal Authority)

Port congestion eases at Basra and Chinese ports; tanker demand set to expand on lower oil prices. Freight rates for very large crude carriers (VLCCs), hurt by slower-than-usual release of cargo, could slip further next week as more tonnage becomes available with the easing of recent tanker


Halonen Named COO, Greencarrier Freight Services

Jarmo Halonen Photo Greencarrier Freight Services

Greencarrier Freight Services has promoted Jarmo Halonen to the role of Chief Operating Officer, with combined responsibility for the company’s air, ocean, road and rail freight activities. This is the first time the four modes have been brought under the control of one director.  


Asia Dry Bulk-Capesize Rates Under Pressure

A so-called ValeMax bulk carrier at the berth (File image: Vale)

Capesize rates fall in a quiet market as holidays weigh; 20 charter-free capesize ships could add to downward trend. Freight rates for large capesize dry cargo ships on key Asian routes are set to drift lower next week unless there is an uptick in chartering activity from major miners


Slower Demand for Larger Vessels Drags Baltic Index Lower

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday due to diminishing demand for larger vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 10 points


Demand Boosts Container Market Outlook -MSI

File photo: Chamendra Wimalasena

The latest Container Shipping Forecaster from MSI suggests a more positive market outlook for the container shipping sector in 2016 than the analysis of most of its peers.   Though its supply-side predictions are broadly aligned with those of Drewry and Alphaliner


Baltic Index Rises as Capesizes Continue to Support

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday, on surging capesize demand and improved activity across vessel segments.   The overall index, which factors in rates for capesize, panamax


Asia Tankers-VLCC Rates Fall on Reduced Demand

MidEast VLCC rates fall nearly 30 Worldscale points this week; port congestion in Basra, China adding to market uncertainty. Freight rates for very large crude carriers (VLCCs) may drift lower next week on weaker sentiment among owners and reduced chartering demand ahead of the release of May's


Mixed Prospects for Container Shipping

Photo: Cosco

 The latest Container Shipping Forecaster from Maritime Strategies International (MSI) makes a more optimistic forecast on the demand side.    Though its supply-side predictions are broadly aligned with those of Drewry and Alphaliner


Container Shipping Faces Tough 2016 as Rates Plunge 78 pct

File image: a Maersk boxship in the port of New Orleans (credit: port of New Orleans)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe have plummeted 78 percent this year, after posting another drop this week, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Baltic Index Rises on Firmer Vessel Rates

The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities, was up on Monday, on stronger demand across all vessel segments.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, gained 24 points


Maersk to Increase Asia-Europe Freight Rates

Photo courtesy of Maersk Line

The world's largest container shipping company Maersk Line, owned by A.P. Moller-Maersk, plans to increase freight rates for transporting containers from Asia to Northern Europe by $550 per 20-foot equivalent unit (TEU) from May 1, it said on Tuesday.  


Asia Dry Bulk-Capesize Market Direction Uncertain

A so-called ValeMax bulk carrier. These vessels were built primarily to carry iron ore from Brazil to the far east. (image: Vale)

Owners resisting charterers' attempts to push market lower; rates slip from 5-1/2-month highs. Freight rates for large capesize dry cargo ships on key Asian routes face an uncertain outlook next week with some owners resisting charterers' attempts to push hire rates down even as freight rates


Baltic Index Up Slightly as Smaller Vessels Support

The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities, rose marginally on Thursday as steady demand for smaller vessels offset weaker rates across capesize and panamax vessels.   The overall index, which factors in rates for capesize, panamax


Asia Tankers-VLCC Rates Face Pressure

Number of MidEast charter fixtures less than usual; Basra crude exports set to fall in May. Freight rates for very large crude carriers (VLCCs) will come under further pressure next week if the current sluggish chartering activity continues, ship brokers said on Friday.


Baltic Index Up On Stronger Rates

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday due to higher demand for capesizes and gains across smaller vessel segments.   The overall index, which factors in rates for capesize, panamax






 
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