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

People & Company News

MN 100: Gencorp Insurance Group

The Company: Gencorp Insurance Group provides the Insurance and Surety needs of Marine Contractors, Vessel Operators and Shipyards throughout the country and Caribbean.

MN 100: Bordelon Marine

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The

MN 100: Bouchard Transportation

The Company: Bouchard Transportation’s history dates back to its incorporation in 1918 by founder, Capt. Fred Bouchard, the youngest tugboat captain in the Port of New York.

Ports

Panama Canal Suspends Draft Restriction

The Panama Canal Authority (ACP) has lifted scheduled vessel draft restrictions brought on by lingering draught conditions in the region.   The ACP had previously set restrictions of 11.

Carnival Ramping Up in New Orleans

Carnival on track for record year from Port of New Orleans in 2015; expects to embark 3 millionth passenger post-Katrina next year   New Orleans’ number one cruise

Three More Workboats for Jordan

Sanmar Shipyards delivered three more vessels to the Aqaba Port Marine Services Company (APMSCO) for the Sheikh Subah Al Ahmad Al Subah LNG terminal at Aqaba, Jordan.

News

Man Earns Jail Time for Hoax Coast Guard Calls

A man found guilty of making numerous hoax calls to the U.K. Coastguard has been jailed for four months, the U.K. Maritime and Coastguard Agency (MCA) reported.

Panama Canal Suspends Draft Restriction

The Panama Canal Authority (ACP) has lifted scheduled vessel draft restrictions brought on by lingering draught conditions in the region.   The ACP had previously set restrictions of 11.

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said.

Logistics

Migrant Boat Sinks off Libya; 200 Feared Dead

A boat packed with mainly African migrants bound for Italy sank off the Libyan coast on Thursday and officials said up to 200 might have died. A security official in the western town of Zuwara,

Oil Steadies as Equities Rally

Recovering stock markets boost oil prices; U.S. crude on track for first weekly gain in nine weeks. Oil prices steadied on Friday after bouncing back from six-and-a-half-year

Dutch Green Ports to be Model for Turkey

Netherlands will be a model for Turkey’s ports within an environmentally-friendly Green Port implementation, says Daily News.   Port of Amsterdam and Dutch officials

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Ship Electronics Ship Repair Ship Simulators Sonar Winch
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: 0.2196 sec (5 req/sec)