Atlantic Panamax freight rates improve on tight prompt tonnage, better sentiment

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Category: Mercados - Fletes- Cotizaciones
Published on Friday, 25 July 2014 22:56
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London (Platts)--25Jul2014/324 pm EDT/1924 GMT


Platts

Freight rates ticked up for trans-Atlantic Panamax runs as prompt tonnage was met with a fair volume of inquiry, but the long-term outlook remained uncertain, shipping sources said Friday.
     The Hampton Roads, Virginia-Rotterdam coal route, basis 70,000 mt improved to $9.25/mt on Friday, up from $9/mt the day before. SVS was heard fixing on subs at $11/mt on its 70,000/10 mt cargo with 2-port load from Baltimore and Norfolk with discharge at Redcar for August 8 laycan.            According to shipping sources, stems with one port load would be achieving $9.25-9.5/mt for similar dates. ArcelorMittal was heard fixing its Port Cartier, Canada-Ghent, Belgium 75,000/10 mt iron ore cargo at $8.5/mt level for August 7 laycan. The cheaper rate can be

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Hapag-Lloyd and MOL in new UK-West Africa service

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Published on Wednesday, 02 July 2014 05:45
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Hapag-Lloyd and MOL in new UK-West Africa service

 By from London
 

A new service between Hapag-Lloyd and MOL will connect DP World’s London Gateway with various ports in West Africa.

 

The service, to rotate between Antwerp, Hamburg, DP World London Gateway, Algeciras, Dakar, Lagos/Apapa, Tema, Abidjan and Algeciras before returning to Antwerp, will enable the UK to export chemicals, white goods, malt, fish and meat to Africa.

Meanwhile import goods such as canned fish, timber, bananas and vegetables will be carried inland by rail carriers DB Schenker and Freightliner.

“The decision to bring the service to DP World London Gateway by existing customers Hapag Lloyd and MOL demonstrates confidence in DP World London Gateway’s ability to deliver a reliable efficient service and their desire to

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Shipping association BIMCO sees demolitions supporting tanker market

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Published on Wednesday, 25 June 2014 15:16
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Stavanger (Platts)--

17Jun2014/607 am EDT/1007 GMT

Copenhagen-based shipping association, the Baltic and International Maritime Council said Tuesday that it saw high demolition prices and volumes for old tankers supporting an uneventful tanker market going forward.
It said that as expected, the second quarter turned out to be less "action-packed" than the first.
"For all tanker segments, rates have side-stepped, with a few noticeable exceptions," BIMCO said in a report released Tuesday.
BIMCO said Handysize product tankers rates lost steam unexpectedly and fell to $5,000/day recently, against above $10,000 and above for much of May.

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It said VLCCs disappointed, slipping below the $10,000/day mark, compared with above $20,000 in February, to end seven months with average earnings at $30,081 per day from October to the

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New Market Research Report: Romania Shipping Report Q3 2014

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Published on Wednesday, 25 June 2014 14:34
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Fast Market Research recommends "Romania Shipping Report Q3 2014" from Business Monitor International, now available

Boston, MA -- (SBWIRE) -- 06/24/2014 -- The port of Constantza is forecast to see growth both in terms of both total tonnage and container throughput in 2014 in line with Romania's continued economic recovery and eurozone's projected return to growth.

Robust exports and a recovery in private consumption will support freight volumes at the country's ports.

Over the medium term, we project further growth at Constantza and the recovery of its pre-downturn total throughput volumes, while container throughput is projected to remain below 2007-2008 levels.

Headline Industry Data

- 2014 port of Constantza tonnage throughput forecast to grow 8%, over the medium term we project a 30% increase.

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