BDI Breaks 1,000 Point Mark amid Rate Growth
The Baltic Dry Index (BDI) has surged on Tuesday, March 7 to a new twelve-week high of 1,033 points, up by 54 ...
read more →OFE: Asian VLCC Rates to Continue Falling
Very large crude carrier (VLCC) rates on the AG/Japan route tumbled by nearly w10 points within a day to w60 on ...
read more →Drewry: LPG Shipping Rates to Fall Further in 2017
Although the liquefied petroleum gas (LPG) shipping trade is expected to continue growing on the back of strong ...
read more →BIMCO: Strong Tanker Freight Market Comes to an End
Lower growth rates for refinery throughput and drawdowns on swollen oil stocks has impacted the seaborne tanker ...
read more →VLGC Rates Under Pressure amid US Cargo Cancellations
A wave of cargo cancellations from the US is putting additional pressure on Very Large Gas Carrier (VLGC) rates, ...
read more →Big Volume Shippers Not Enjoying Best Shipping Rates
Big volume shippers are not paying the best shipping rates, according to the findings of Xeneta, an Oslo-based ...
read more →MSI: Tanker Earnings to See Muted Upside by April
Tanker market earnings should experience a limited upside from current levels by April with time charter rates ...
read more →Fleet Growth to Push Down LPG Rates in Second Half of 2016
LPG shipping rates are expected to decline from the second half of 2016 as a bloated orderbook for very large gas ...
read more →Drewry: Asia to Oceania Rates Rebounding
Asia to Oceania rates are picking up again after a mid-year lull as carriers better balance supply with demand, ...
read more →TSA Lines Propose Increase in Rates
Member shipping lines in the Transpacific Stabilization Agreement (TSA) are recommending phased increase to minimum ...
read more →Supertanker Rates Top USD 100,000 a Day
Supertankers carrying crude oil from Saudi Arabia to Japan earned USD 104,256 a day on Friday, October 2nd, the ...
read more →TSA Members Push for Rates Stabilization
Having reported 3% year-on-year first quarter cargo growth from Asia to the U.S., container shipping lines in the ...
read more →Navios Banking On Cheap Oil
NYSE-listed owner and operator of tanker vessels Navios Maritime Midstream Partners expects to see spot rates for ...
read more →TSA Members to Increase Rates ahead of Lunar New Year
Anticipating strong pre-Lunar New Year shipments from Asia to the U.S., container lines in the Transpacific ...
read more →Aframax Dirty Rates May Sway Clean Operators to Change Ranks
With the earnings for an Aframax trading crude from the Arabian Gulf to South East Asia at USD 33,400/day for a ...
read more →MUA Continues Protests against Penalty Rates
Unions from across Victoria have joined the Maritime Union of Australia (MUA) at a Melbourne rally today, urging ...
read more →Asian VLCC Rates Jump to Nine-Month High
Worldscale rates for hiring VLCCs to haul crude from the Middle East to Far East Asia hit a nine-month high ...
read more →Fearnleys: Tanker Rates Sink Again
A considerable slowdown has pushed tanker rates down in both Middle East Gulf (MEG) and West Africa, according ...
read more →TSA Members Want Higher Container Rates
Member container lines in the Transpacific Stabilization Agreement (TSA) issued a recommendation for a further USD ...
read more →No Rate Improvement due to Carriers’ Inaction
Northbound volumes overtook the previously dominant southbound leg in September in the stagnating Europe-East Coast ...
read more →Asia-Mediterranean Rates Plunging
Since September, the demand for shipping along the Asia-Mediterranean routes has fallen sharply, and while carriers ...
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