Archive for the Category ‘Featured’
May 21 (Bloomberg) — Costs to ship liquefied petroleum gas will exceed the 2008 record as the U.S. expands exports amid rising demand in Latin America and India, according to Exmar NV, the operator of 27 carriers. Spot rates surged 47 percent this month to $70.86 a metric ton, according to the Baltic Exchange, the [...]
May 21, 2013 | Posted in
Featured |
Read More »
LONDON, May 20 (Reuters) – Clean tanker rates for refined petroleum products on top export routes were softer on Monday in slower trade with a build up of vessels putting more pressure on the transatlantic market. Rates for medium-range (MR) tankers for 37,000-tonne cargoes on the TC2 route from Rotterdam to New York were at [...]
May 21, 2013 | Posted in
Featured |
Read More »
(Bloomberg) — D/S Norden A/S, Europes biggest owner of ships hauling iron ore and coal, is making its first bet in three years that rates for Panamax vessels will rally from the lowest in more than a decade. The operator of 64 of the ships booked 6 percent less cargo than its capacity this year, [...]
May 21, 2013 | Posted in
Featured |
Read More »
Eike Batista doesn’t have much to smile about these days. According to Forbes in March, Batista’s net worth dropped $19.4 billion compared to a year earlier. Kingfish do Brasil Navegacao has reportedly cancelled an order for the construction of 11 tankers at OSX Brasil’s Au shipyard. Kingfish ordered the 11 medium-range, 45,000 DWTtankers from OSX [...]
May 20, 2013 | Posted in
Featured |
Read More »
Image (c) Shutterstock/Aleksandar Mijatovic By Nicholas-Andrew Iliopoulos, Special to Piracy Daily The release earlier this month of an official Chinese government report showing that the threats that country faces come mostly from the sea serves to underscore the importance of safeguarding national security through effective maritime securityincluding state-of-the-art counter-piracy efforts. As Xinhua noted, in “China’s [...]
May 20, 2013 | Posted in
Featured |
Read More »
USCGC Northland; Greenland, circa 1944 “Oh the sea, Oh the sea, the wide bounding sea! Long may it roll between England and me!” Irish Folk Song EASTWIND (WAGB-279); Antarctic Operation Deep Freeze (1955-56); PENGUIN DRILL TEAM Player’s Cigarettes “Polar Exploration”; A series of 25 cards issued in 1914 #7 Ross & Parry’s Arctic Expedition, 1818 [...]
May 20, 2013 | Posted in
Featured |
Read More »
Safe Bulkers Inc. (SB) is a rare gem among the doom and gloom surrounding high-profile dry-cargo shipping companies. SB owns a fleet of 26 dry-cargo vessels, plus eight vessels under construction. It is mainly a panamax owner, since 31 of its 34 vessels are panamax, kamsarmax or post-panamax type. Yet it is the two cape [...]
May 20, 2013 | Posted in
Featured |
Read More »
May 18 (Bloomberg) — The conditional approval of a natural gas export terminal in Texas doesnt necessarily open the floodgates for overseas sales as the U.S. weighs how best to use its growing energy resources. The U.S. Energy Department said yesterday that exports from the FreeportLNGproject, partly owned by Dow Chemical Co. and Osaka Gas [...]
May 19, 2013 | Posted in
Featured |
Read More »
VLGC Aintree, image (c) Petredec (Bloomberg) — The cost of shipping liquefied petroleum gas headed for the biggest weekly gain on record as surging U.S. exports of the cooking fuel and chemicals feedstock sap vessel supply. Rates for very large gas carriers already jumped 24 percent to $68 a metric ton since May 10, according [...]
May 19, 2013 | Posted in
Featured |
Read More »
Image: AP Moller-Maersk By Mette Fraende COPENHAGEN, May 17 (Reuters) – A.P. Moller-Maersk , owner of the world’s biggest container shipping company, is “100 percent certain” it can more than double freight rates in July despite market weakness that has seen prices fall by a third since March. Shipping has taken a hammering in the [...]
May 19, 2013 | Posted in
Featured |
Read More »
Improve the web with
Nofollow Reciprocity.
