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Far East

CMA CGM Hikes Asia-Europe Rate

Photo: CMA CGM

 CMA CGM will increase rates US$900 per TEU from all Asian ports to the Mediterranean including the Black Sea and North Africa - and EUR800 (US$892.93) per TEU to Syria from March 1.   The Frech shipping giant will also increase rates US$250 per TEU and $400 per FEU on 40-foot high cube dry containers and tank containers from north Europe to the Far East from March 15.   "In a continued effort to provide quality services, CMA CGM hereby informs its customers of a Rate Restoration Program: from Far East and Japan and to West Med, East Med, Adriatic, Black Sea and North Africa," says a statement from the company.   The increases apply to cargo from north Europe, Scandinavia, Baltic and the United Kingdom going to China, Japan, Korea, southeast Asia and Bangladesh.  


Dry Bulk Trends

Change Of Sentiment Seen In Atlantic Sector The dry cargo freight market saw a 15 point decline in the Baltic Panamax Index to 1,595, which was largely caused by a change of sentiment in the Atlantic, brokers said. March tonnage in the U.S. Gulf was struggling to obtain previously fixed levels and rates to the Far East in particular were lower, they added. Capesize rates remained steady but handy sizes were in stronger demand world-wide and there were signs that the hitherto depressed


Sweeney Promoted to VP of Far East Operations at Crowley

Effective March 1, 2004, Alex Sweeney will assume the position of Vice President of Russian Far East Operations. In his new position, Sweeney is responsible for the management of the BETS Sealift to Lunskoye, Sakhalin Island and the tow of the Orlan from Sov Govan, Russia to Ulsan, Korea. He will report directly to Steve Peterson, Senior Vice President and General Manager, Energy and Marine Services and will work closely with Chris Peterson, General Manager, Contract Services


Hamburg Port's Liner Network

Hamburg has one of the most comprehensive liner networks in Europe, which in turn means that it plays an important role as a transport hub for global cargo flows. Specialized liner traffic connects Hamburg to six continents. Over 100 container liner services travelling to destinations all over the world are based in Hamburg. One of the main markets for the Port of Hamburg are liner services from and to the Far East


UMM Salal First Call in Port of Hamburg

On 7 June 2011 the UMM SALAL, the biggest containership to date belonging to United Arab Shipping Company (UASC), tied up in the Port of Hamburg on her maiden voyage. The giant container ship, with a capacity of 13,100 TEU (20 foot standard containers) was handled at Eurogate Container Terminal Hamburg (CTH).   The UMM SALAL is 365.5 metres long, 48.40 metres wide and is equipped with over 1,000 reefer slots, making it the first of nine ships of this size to be completed in 2011 and 2012


Braemar Appoints New Director

Graeme Temple, Regional Director

Braemar Technical Services (Incorporating The Salvage Association) announced the appointment of Graeme Temple to the role of Regional Director for its Far East region.   Graeme will take responsibility for strengthening the company’s surveyor network in this important region and further developing relationships with the London and International Insurance markets as well as the local Singapore and other Far East Insurance markets


Westbound Tanker Markets Strengthening

Westbound tanker markets from the Middle East are strengthening while eastern charterers take a break, brokers said. Mideast-U.S. Gulf rates are running at about W80-85 ($17.50 per ton) for VLCC liftings and from West Africa about W90 ($9.25) - up a couple of Worldscale points on last week. But rates to Far East have eased back to the mid W90s ($10.75 to Japan) after climbing past W100 last week.


PD Ports Promote Trade Opps in Far East

PD Ports senior representatives, including David Robinson, Chief Executive Officer, have returned to PD Ports’ Teesport operations, following a successful 14-day tour of the Far East. The aim of the tour, which included visits to Taipei, Singapore, Malaysia, Hong Kong, South Korea and Dubai, was to promote greater use of Teesport and stimulate interest for new shipping lines to call at the Port direct.  Teesport currently has frequent callings from eight container shipping lines


Shipping Majors Expand Cooperative Setup

CMA CGM Jules Verne (Photo courtesy CMA CGM)

The CMA CGM Group announced a new cooperation setup with current partner Maersk Line, APL and OOCL on three existing Far East to Indian Subcontinent services (CIMEX 2/FM3, CIX, CIX3), starting in February 2014. In a Slot Sharing Agreement that also includes partners as Emirates Shipping Line, Hamburg Süd and Regional Container Lines, 18 vessels with a total capacity of about 17,500 TEU’s will be deployed on the three Far East-Indian Subcontinent services.


Ship Arrested, More Claims Emerge Against OW Bunker

Photo: OW Bunker

Fuel barge Laguna, carrying oil sold by Hin Leong to OW Bunker, arrested. Total claims against OW Bunker Far East and Dynamic Oil now over S$5 mln. Oil firms stepped up legal action against the Singapore units of bankrupt ship fuel trader OW Bunker with the arrest of a ship fuel delivery barge Laguna on Wednesday and claims totalling more than S$5 million. Court documents seen by Reuters showed that the overall amount of claims made against OW Bunker Far East (Singapore) and Dynamic Oil


Entire Saga Fleet Globally BWT Compliant

All of Sagas advanced open hatch carriers are now globally BWT compliant (Photo courtesy of Optimarin)

Saga Shipholding has completed the installation of Optimarin Ballast Systems (OBS) throughout its entire fleet of 32 advanced open hatch cargo vessels. In doing so, Saga has become the world’s first shipowner to fit ballast water treatment (BWT) systems that are USCG compliant throughout a


Asia Dry Bulk-Capesize Rates Set to Climb Again

File Image (CREDIT: AdobeStock / Lidian Neeleman)

Capesize rates hit new multi-month highs this week; BHP and FMG likely to renew chartering activity next week.   Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-month highs on Tuesday, could climb further on increased chartered activity by miners


Baltic index Slips as China Holiday Dampens Capesize Demand

© Federico Rostagno / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its biggest one-day percentage decline in over one month, as a holiday in China weighed on demand for capesize vessels. The index, which factors in rates for capesize, panamax


Capesize Rates Further Impacted by Cyclone Debbie

© Lidian Neeleman / Adobe Stock

Coal shipments from eastern Australia could stop for 3-4 weeks.   Freight rates for large capesize dry cargo vessels on key Asian routes, which fell to multi-week lows this week, are likely to remain depressed in the absence of Australian coal cargoes and iron ore and coal from South Africa


Traders Rush to Ship US Oil as Export Window to Asia Opens

Cap Guillaume (Photo: Euromax)

Oil majors and trading houses are set to ship an unprecedented volume of U.S. crude oil to Asia in coming weeks, boosting already high flows to the region due to higher prices from OPEC production cuts.   Traders have estimated that some 700,000 to 900


Hydro Group wins 'Company of the Year' Subsea UK Awards

Doug Whyte, managing director Photo Hydro Group

Aberdeen-headquartered Hydro Group plc have secured the Company of the Year title at last night’s [Thursday 3 February] Subsea UK Awards.   The cable and connector specialist was recognised for its performance in the subsea sector and its significant development to date


Asia Dry Bulk-Capesize Rates could Diverge on Market Conditions

File Image (CREDIT: AdobeStock)

Australia-China rates could climb on improved weather. Brazil-China rates to hold steady, fall on lack of charters.   Freight rates for large capesize dry cargo vessels on key Asian routes could diverge next week with rates from Australia to China rebounding on improved weather


Port Traffic Surges at Long Beach

Photo Port of Long Beach

Renewed activity at the Port of Long Beach’s largest terminal and extra ships calling ahead of the Lunar New Year pushed cargo 8.7 percent higher in January compared to the same month a year ago. Dockworkers moved 582,689 twenty-foot equivalent units (TEUs) last month


30 Kalmar Hybrid Shuttle Carriers for APM Terminals Tangier

Image Kalmar hybrid straddle carrier Photo Cargotec

Kalmar, part of Cargotec, has signed a contract with APM Terminals to deliver 30 Kalmar Hybrid Shuttle Carriers with high level of automation readiness as well as the related service and support to the customer's MedPort Terminal in Tangier, Marocco


Asia Dry Bulk-Capesize Rates Up on Increased Traffic

File Image (CREDIT: AdobeStock)

Record iron ore prices fuelling capesize chartering boom; freight rates rise by around $1 per tonne in a week.   Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-week highs on Wednesday, are set to continue to climb next week on buoyant iron ore cargo


Mech-Tool Delivers Fire System to DSIC Offshore

Photo: Mech-Tool Engineering

Darlington based product manufacturer and global supplier of fire, blast and heat protection systems Mech-Tool Engineering Ltd (MTE) said it has delivered a fully certified ABS fire rated wall system for a Chinese turnkey EPC contractor in offshore construction.   


Battles and Building Blocks in Liner Market

Table: Clarksons Research

 Clarksons Research has released 2016 liner market review. After another year of extremely difficult market conditions, many would forgive liner sector players for an air of resignation.    However, despite a challenging freight market


Asia Dry Bulk-Capesize Rates Pressured Abundant Tonnage

File Image (CREDIT: AdobeStock)

Capesize rates from Western Australia to China at 8-week high; shipowners parking ships off South Africa to stop rates falling.   Freight rates for large capesize dry cargo vessels on key Asian routes could remain rangebound next week as abundant tonnage puts a ceiling on freight rates even


Whither China's Seaborne Trade ?

 Graph: Clarksons Research

 Clarksons Research discusses about the emerging trends in China which is at the heart of the world’s seaborne trade.   In 2015 the Chinese economy saw both a slowdown in growth and a significant degree of turbulence. GDP growth slowed from 7.3% in 2014 to 6.9%


Asia Dry Bulk-Capesize Rates to Climb Again

File Image (CREDIT: AdobeStock)

Number of spot capesize cargoes double from January levels; Pacific capesize earnings now around $14,000 per day.   Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-month highs this week, are set to jump further next week on tight tonnage supply and






 
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