Car Shipping Group Sees Scope in Fragmented Market

Tuesday, June 22, 1999
Fragmentation of the world's car market will reportedly create opportunities but also short term difficulties for Wallenius Wilhelmsen Lines AS, the world's largest vehicle shipping group.

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Baltic Index up for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, for a third straight session, on rising demand across all vessel segments.

Asia Tankers-VLCC Rates to Climb Slowly

Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates. Freight rates for very large crude carriers

BIMCO Launches New Standard Agreements for Novation of Shipping Contracts

BIMCO has published three standard novation agreements that provide a legal framework to change one of the original parties to a contract.   Two of the agreements

 
 
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