ITL Technologies Allows Containerships To Carry All Size Cargoes
waters. to transport more goods and improve efficiency, without increasing cost. Mr. Sain backs up his confidence with his 27 U.S. used in the U.S. industry. Mr. engineering, facilities development and research and development. product has long been a logistical problem. multiple shipments have left both carriers and shippers looking for answers. According to Mr. marine transportation. carriers to increase productivity while reducing costs. their customers 48-foot x 102-inch and 53-foot x 102-inch containers. 40- and 20- foot containers. 40-foot units. containers without the need to modify ships. with both the shipper and carrier in mind. wide containers on the same stack, as well as 45, 48 and 53-foot long boxes. same cycle time as containers. long spanning four 96-inch wide containers.
Oil Freight Charges To Go Higher?
Bloated oil freight charges could surge yet higher this year, adding to the already inflated cost of world oil imports, shippers said. Tanker brokers are predicting a mid-November stampede to ship crude from the Middle East, pushing charter rates to new peaks amid a perceived shortage of quality vessels. In January, very large crude carriers (VLCCs) sailing from the Gulf to Japan were fetching a price of worldscale 49, equivalent to 75 cents a barrel. The rate since has more than trebled and now stands at WS 165, $2.50 a barrel. For a 250,000 ton, or 1.8 million barrel shipment, that means an increased freight charge of $3 million on a $50 million cargo of crude. "Eastern charterers have been paying higher rates," said one VLCC broker. Rates for a 280,000 tonner to the U.S.
