Oldendorff, United Bulk Offer Demurrage Free Top-Off Service

MarineLink.com
Wednesday, November 13, 2013

United Bulk Terminals USA Inc. and Oldendorff Carriers GmbH & Co. KG announced a cooperative agreement to market combined loading and shipping of coal and petroleum coke in capesize vessels from the U.S. Gulf Coast to India and East Asia. The new service includes United Bulk Terminals export terminal in Davant, Louisiana and Oldendorff’s top-off installation in Trinidad. For the first time customers are able to book fully loaded capesize vessels from the U.S. Gulf Coast at a very competitive fixed rate, face no demurrage risk and receive high quality professional service from two market leaders.

Customers will be quoted one competitive and all-inclusive freight rate for loading of a capesize vessel up to maximum available draft (approximately 47ft / 120,000 tons) and a smaller shuttle vessel of approximately 50 to 60,000 tons. Both vessels will sail to Trinidad where the cargo of the shuttle vessel is consequently transferred into the capesize vessel at Oldendorff’s existing top-off installation. The contract eliminates any demurrage risk for the customers at United Bulk Terminals Davant and Trinidad.

“We are very excited about the opportunity to offer this unique service package together with Oldendorff, the world’s largest dry bulk carrier owner/operator. Our ongoing expansion project at Davant, where we are currently doubling our handling capacity to over 20 million tons per year, will enable us to offer our customers the best possible transshipment and freight terms for coal and petroleum coke exports to Asia” says Jan Vogel, President & CEO of United Bulk Terminals.

“Our worldwide fleet of over 450 vessels and the existing top-off operation in Trinidad are now complemented by a high performing loading facility with approximately four million tons of ground storage and strong ties to river transportation” adds Patrick Hutchins, Managing Director of Oldendorff Carriers London. ''The Trinidad project in the Gulf of Paria has been in operation since July 2012 and transshipped more than two million tons of iron ore in the first four months of operation''.

Both companies believe that the combination of two successful and established operations will form very competitive and simple alternatives for producers, trading houses and importers alike. Because no new investments are required, the service is available with immediate effect and with no long-term commitment required from the customers.

Although the new transport solution focuses primarily on one freight rate from the U.S. Gulf Coast to a discharge port in India or other Asian destinations, it can be easily expanded to also include river transportation on the Mississippi River. Already today United Bulk Terminals offers package contracts that combine barge transportation with terminal handling at Davant that avoid barge demurrage risk for the customer while offering high quality storage, blending and sampling services.

In all cases the full logistical chain is coordinated by Oldendorff and United Bulk Terminals and can be booked either via Oldendorff’s freight desk in London or via United Bulk Terminals’ chartering business United Ocean Chartering in Houston.

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Aberdeen Pupils Peek into Subsea Oil & Gas Technology

Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System.

Ports

3D Printing in Rotterdam Port

Is 3D printing just a hype? Or is it really possible to print spare parts for ships that can actually withstand the requirements set for the often "rough" working

Caltex Replaces Australian Crew

The 36 Australian crew members of an Caltex tanker refusing to set sail after they were told their jobs would be gone after the next run. MR tanker Alexander Spirit (40,

Mombasa Port Workers End Strike

Mombasa, Kenya port workers end strike and returned to work on Friday after being warned they could lose their jobs, reports Reuters.   However the members of

News

Aberdeen Pupils Peek into Subsea Oil & Gas Technology

Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System.

Logistics

Grimaldi Orders Three PCTCs

After signing an order for the construction of five new ships two weeks ago, the Italian shipowner  Grimaldi Group has signed another contract for the construction

Is It Too Late To Tangle With Spike in Shipping Market

A series of interesting and extreme price spikes is going on in the shipping market today, says Clarksons, provider of global shipping and offshore market intelligence.

NITC Claims World's Largest Supertanker Fleet

According to the head of the National Iranian Tanker Company (NITC), Iran has 42 very large crude carriers or VLCCs, each able to carry 2 million barrels of oil, reports Press TV.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pipelines Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1908 sec (5 req/sec)