Drewry says Asia-ECNA trade line best performer in 2014





Full ships eastbound, healthy revenue gains and an improving outlook for the American economy have enabled Asia-East Coast of North America (ECNA) trade lane to be one of the star performers in 2014, according to UK shipping consultant Drewry.

After a month of modest growth in August, headhaul volumes bound for ECNA soared by 16.6 percent in September against the same month in 2013, followed by a 10.6 percent increase in October.

The 12-month rolling average growth rate, having hit double digits in September, fell back to 8.9 percent in October, however; volumes in October 2013 were unusually strong.

“The US economy continues to pick up speed and a surge in business and

Seguir leyendo

A key analysis of November's dry bulk shipping indicators






A key analysis of November's dry bulk shipping indicators (Part 2 of 12)

Why the Baltic Dry Index dipped in November

Baltic Dry Index

The Baltic Dry Index measures the price of transporting dry bulk by sea. The Baltic Exchange Dry Bulk Index (BDIY) is a composite of rates for different ship sizes factoring in the average daily earnings of Capesize, Panamax, Supramax, and Handysize dry bulk transport vessels.


Enlarge Graph


November performance

Since November 1, the Baltic Dry Index has recorded a significant decrease of 44.8% in trading to 803 from 1,456 at the beginning of November. On a year-over-year basis, the index has declined by 62.4% from its near 52-week

Seguir leyendo

Asian VLCC Rates Jump to Nine-Month High




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 Tuesday, December 9, Platts writes citing shipping sources.

The record level of hiring rates has been attributed to strong resistance from owners and fall in the availability of tonnage for December loading dates.

Owners were heard seeking w70 or more for the Persian Gulf to Japan route, according to Platts’ sources.

“The key VLCC Persian Gulf-Japan rate was assessed up w8.25 day on day at w68.5 basis 265,000 mt Tuesday.  It was last higher January 24, after hitting a year-to-date high of w73 on January 22,” Platts said.

VLCC owners were not expected to accept below w70 after w69 was attained for PTT’s cargo, ship brokers told Platts.

As reported, there were still outstanding VLCC cargoes for December loading dates, including end December PG-East requirements from charterers Day Harvest and Shell.





Largest Container Ships Help Hyundai Heavy Crack China: Freight

Largest Container Ships Help Hyundai Heavy Crack China: Freight

    Hyundai Heavy Industries Co. (009540) failed for eight years to win ship orders from China. That ended when it pledged to build the world’s biggest container carrier.

    China Shipping Container Lines Co. (2866) this week said it chose Hyundai Heavy to construct five vessels that can each carry 18,400 20-foot boxes. The world’s biggest yard, which has already won orders for five 14,000-box vessels this year, beat Chinese builders for the $683 million contract.

    Rising demand for bigger and more fuel-efficient ships from lines including A.P. Moeller-Maersk A/S (MAERSKB)will help South Korean yards boost profits amid an overall slump in

    Seguir leyendo

France pursues new rules to boost Med LNG imports despite flat PEG gas prices




Paris (Platts)--5Dec2014/738 am EST/1238 GMT


French energy regulator CRE will continue to develop new measures to boost demand for LNG into the PEG Sud gas market despite the recent convergence of PEG Nord and PEG Sud prices, Dominique Jamme, director of gas infrastructure at the regulator, said this week.

CRE expects to make a final decision by the end of this year on new measures which would lengthen the visibility window for short-term delivery slots at the Mediterranean 97 TWh/year Fos Cavaou and 57 TWh/year Fos Tonkin LNG terminals, he told Platts in an interview.

This follows a public consultation held until November 21.

Infrastructure limitations between France's northern and southern grids, high demand for gas toward Spain and dwindling LNG imports,

Seguir leyendo