• 2017 July 19


    Recent LOOP Sour rally evidence of persistent, global sour shortage: In the LOO

    The Louisiana Offshore Oil Port received no imports of Saudi Arabian or Iraqi crudes by the halfway point of July, evidence of the global sour crude shortage and competition for those barrels that has led to rising prices for regional grades such as LOOP Sour, which has increased in value by 60 cents/b over the past month alone, an analysis of Platts Analytics and S&P Global Platts data shows.

  • 2017 July 18


    North America $339.5bn chemical tanker shipping market analysis 2014-2017 & 10 year forecasts to 2027 by Reseach and Markets

    The North American chemical tanker shipping market is expected to reach USD 339.5 billion by 2027. The growing chemical products exports and low chartered rates are expected to drive the market during the forecast period, Research & Markets analysis showed.

  • 2017 July 17


    Asia tankers-VLCC rates under pressure on oversupply

    Charterers set to split VLCC cargoes if owners push rates higher. Freight rates for very large crude carriers (VLCCs) are coming under pressure from a build up in ships waiting for new charters and depressed rates in smaller tanker sizes, brokers said on Friday.

  • 2017 July 17


    Stronger rates across vessels lift Baltic Index

    The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday as rates climbed further across vessel segments.

  • 2017 July 14


    Grooving the way: back to the future

    Anything but new, the Victaulic method of pipe-joining has been around for a long time. Armed with myriad type approvals from most IACS groups, Victaulic’s output will no doubt (and soon) form a part of your marine equipment for a long time to come.

  • 2017 July 13


    US imports could hit new record high as busy merchants stock up

    July and August should be two of the busiest months ever seen for imports at the nation’s major retail container ports, possibly setting a new record as merchants enter the back-to-school season and begin to stock up for the holiday season that will follow, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

  • 2017 July 13


    Shippers and forwarders highlight concerns over ocean freight no-show fees

    Shippers and forwarders have highlighted their concerns and expressed mixed feelings on the growing practice among ocean freight carriers to charge customers no-show fees or late-cancellation penalties, claiming carriers must also compensate cargo owners when lines fail to deliver services as promised.

  • 2017 July 12


    Expert says Asia-North Europe ocean freight rates ‘should continue to rise’

    Asia to North Europe container traffic is exceeding expectations and, with careful capacity management, carriers should reap the benefit with higher spot rates, according to container shipping analyst Drewry.

  • 2017 July 11


    Baltic Index down again

    The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched lower on Monday on weaker rates for larger vessels.

  • 2017 July 11


    Exclusive infographic: the world’s existing and planned FSRU projects

    Once a year, LNG World Shipping produces a guide to the world fleet of floating storage and regasification units (FSRUs).

  • 2017 July 7


    Capesize sector drags Baltic Index down again

    The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the sixth straight session on Thursday, weighed down by lower rates for Capesize vessels.

  • 2017 July 6


    Philippines set to become Asia’s top international cruise destination

    Groomed to be one of Asia’s top international cruise destinations, the Philippines is seeing increasing interest from cruise lines as it boosts infrastructure to support international vessels.