GLOBAL Ports has announced that the Russian marine container market increased by 17

DESPITE weakening freight rates, 2011 has started well for containership owners as analysis of last week's charter market shows carriers moving to secure charters for 12-month fixtures or longer.

Although 2013 is expected to fare better than 2012, in terms of dry bulk freight rates, it will still take the market a while, before it gains some solid ground under its feet

The latest OPEC monthly oil report noted that global fixtures in April declined by 2.4% compared with the previous month to average 17.44 mb/d.

The dry bulk market has been on the forefront of the shipping news once again, on the back of the best rally in years, which has seen the industry's benchmark, the Baltic Dry Index rising to two-year highs. Yesterday though, the BDI ended the session, marginally down, after a series of consecutive increases. The BDI was down by 0,4 percent to 1,621 points, with the

SOUTH KOREA's Hanjin Shipping will end its New Trans Atlantic (NTA) service between the US east coast and north Europe, the company said in a notice to trade. 

The global oil market will face a lack of supply in three years' time due to expenditure cuts and postponements in mega projects, Patrick Pouyanne, chairman of the Board and CEO of French oil giant Total said Wednesday.

THE US consumer will largely determine the success of the airfreight industry in the coming quarters, according to a new report by Ti Insight

THE combined market share for the six largest ocean carriers in the eastbound trans-Pacific slipped through the first four months of the year, a sign that smaller, niche players who came in to take advantage of the import surge grabbed more business compared with previous years

The BDI fluctuated but overall improved by 7 points since last Friday (currently standing at395 points today) however the decline in asset values continued. See the full 2nd hand report...

Despite the recent fall of the Baltic Dry Index (BDI), when one compares the first quarter of 2014, to similar quarters of the recent past, it is apparent that the market is rising, claimed BIMCO in its latest market analysis for the April/May period. For this period, BIMCO believes that the level of Capesize TC average rates will hover around USD 12,000-22,000 per day. Panamax TC

In its latest market outlook, tanker owner Teekay Tankers said that crude tanker spot rates in the third quarter of 2013 improved slightly from the second quarter of 2013, and remain at comparatively low levels on a historical basis. Suezmax rates decreased as supply disruptions in Libya and Iraq reduced available cargos, and continued increases in U.S. crude production

The latest surge of the dry bulk market has helped offset other lingering factors, which otherwise, could have plunged freight rates to new lows. For example, news from the demolition market, which so far proved a rather helpful resource for both earning ship owners some cash and at the same time helping offset the tonnage oversupply problem, is in a bit of a

June saw more enquiries than May, and more were converted into fixtures, but Drewry’s LNG freight index was stubbornly unchanged according to the latest LNG Insight. However, market sentiment remains positive as Cheniere took three vessels on mid-term charter, plus options. One vessel from Dynacom was also added to the first of the two ME-GI ships

Recently some "State-owned" shipping companies have also shown their "report cards" of the first quarter this year.

In the tanker market, the month of April was unkind to tanker owners in all sectors, as both clean and dirty vessels saw a decline in market activity and freight rates. In the clean tanker market in particular, both East and West of Suez freight rates dropped in monthly terms by 4% and 5%, respectively said OPEC in its latest monthly report. Theclean tanker market lacked activity in

According to a series of recent reports, the crude tanker market could be headed for a rebound. In a recent note, Mcquilling Services, as US-based consultant stated its optimism for the beleaguered segment, especially for larger crude and residual tankers. The basis for this view is rooted on massively reduced ordering activity and relatively robust exit profiles.

The latest OPEC monthly oil report noted that global fixtures in April declined by 2.4% compared with the previous month to average 17.44 mb/d. According to preliminary data, OPEC spot fixtures were stable from last month’s level to average12.81 mb/d. Middle East-to-East fixtures reported a decline of 11.1% or 0.30 mb/d from the previous month while Middle

Although 2013 is expected to fare better than 2012, in terms of dry bulk freight rates, it will still take the market a while, before it gains some solid ground under its feet, said BIMCO’s Chief Shipping Analyst, Peter Sand, in an exclusive interview with Hellenic Shipping News Worldwide. He cited the heavy overhang of tonnage as the main reason for this, despite the fact

Despite positive indication for a significant surge of dry bulk demand this year, the oversupply problems of the market, will continue to weigh heavily in terms of freight rates. Yesterday, the BDI was up by 9 points to 743, with Panamaxes posting an increase of 35 points to 717 (Baltic Panamax Index), which was enough to push the market higher, as all other subsectors were mostly unchanged. Accor...

In its regular update on the dry bulk market, BIMCO forecasted, that Capesize time-charter rates are expected to stay elevated in the following six weeks at around $9,000– 16,000. "Panamax is expected to be found in the USD 6,000-10,000 per day interval. For the Supramax segment, BIMCO forecasts freight rates to remain in the USD 7,000-9,500 per day interval, whereas Handysize rates are forecast ...

Baltic Dry Index, is ending yet another week of violent falls, with yesterday’s session bringing the market down to just 1,186 points, losing an additional 3.89% on a daily basis.

Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk market on a downward trend.

The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011.

The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry’s benchmark has been falling this week, with the Baltic Dry Index (BDI) retreating yesterday to 1,886 points, close to its 2010 lowest.

It's been a rough start to the New Year for the dry bulk market, which was supposed to be on the verge of rallying to new heights this year, on the back of improving fundamentals. The market's benchmark, the Baltic Dry Index (BDI) had been on a steady path of declines since the beginning of the year, effectively erasing the rally of the last few months of 2013, which brought

THE short-term charter market outlook for non-operating containership owners is 'grim' according to Alphaliner, but there could be a silver lining from the IMO 2020 regulations next year

COSCO is rumoured to be interested in buying Singapore's Pacific International Lines' (PIL) shares in subsidiary Singamas, the world's second largest manufacturer of containers, according to Splash 247

The dry bulk market has seen a significant recovery in recent weeks, leading most ship classes to earnings above their operating expenses, thus bringing a huge sigh of relief to their respective owners. But still, fundamentals remain negative and it's claimed that the market will find it hard to sustain such levels of freight rates in the long

GAC Maritime Security has added its "P-trap" anti-boarding device to its range of non-lethal vessel protection equipment.

Western military strikes on Syria present a complex set of possible outcomes, and all of them make problems for energy markets to one degree or another. But some scenarios are worse than others.

With the dry bulk market freight rates finally making waves, China's aim of 7.5% GDP growth for 2014 mean once again positive news for the shipping market, in particular dry bulk. According to a note released yesterday by BIMCO's Chief Shipping Analyst, Mr. Peter Sand, "despite being a little down on the 2013 GDP growth of 7.7%, the growth target of 7.5% set by China’s

ALTHOUGH the containership charter market has entered the new year in a much healthier state than it was in 2017, shipowners are still concerned about the impact of liner consolidation on vessel employment

The start of a national weeklong in China as of Tuesday is expected to put a lid in the latest rally of the dry bulk freight market, as has always been the case in similar occasions. This trend has already been obvious, by tracking the latest couple of sessions of the industry's benchmark, the Baltic Dry Index. The BDI was down 43 points yesterday, to end at 2,003 points,

AIR cargo volumes at Ted Stevens Anchorage International Airport rose 2

The dry bulk market has continued its climbing trend yesterday, as the industry's benchmark, the Baltic Dry Index (BDI) was up by 39 points to 820.

It appears that the tide could be shifting for tanker owners, as things are starting to change for the better, day-in-day-out. According to the latest report from shipbroker Intermodal, this positive trend is exhibited week by week, by the firming prices noted in the second hand market as Asian buyers' interest mounts. According to the report, "most market players

The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry's benchmark, the Baltic Dry Index (BDI) was up by 10 points, reaching a total of 875 points. Capesizes were unchanged yesterday, as the relative Capesize Index was steady at 1,314 points. Still, the Capesize market gained an impressive 11 percent just ...

BRITAIN's second largest airport suffered an April cargo slump across its East Midlands, London Stansted, and Manchester gateways after a strong 2018, reports London's Loadstar

Despite the fact that China is on holiday this week, the dry bulk market has managed– albeit with a softer pace – managed to hold its ground and even post a mild upward trend. As such, the industry's benchmark, the Baltic Dry Index (BDI) inched higher yesterday, increasing by 39 points to reach 2,047. All major ship classes were on a higher note, with Capesizes leading

THE top three containerlines in Taiwan - Evergreen, Yang Ming and Wan Hai - are close to contracting for up to 50 feeder vessels, according to Alphaliner and Braemar ACM

Despite the fact that the dry bulk market's benchmark, the BDI has been on a fall since the start of 2014, ending yesterday's session down to 1,876 points, experts indicate that it's only a matter of time, before a new freight rate rally emerges. After all, the first quarter of each is traditionally the slowest one for the dry bulk market. Among the encouraging signs for the

The dry bulk market kept on retreating this week, with the industry's benchmark, the Baltic Dry Index (BDI) falling to 1,708 points, down 78 on the day, on the back of lower demand for Capesizes. The Baltic Capesize Index was down by 168 points yesterday to 2,775 points, while a lower fall was evident in the Panamax market, with the Baltic Panamax Index retreating by 51

The biggest rally of the dry bulk market in more than three years have brought back joy among ship owners, especially those active in the Capesize market, while also proving right those analysts who had foreseen this recovery. Yesterday, the Baltic Dry Index (BDI), the industry's main benchmark maintained its upward trajectory, rising by an additional 38 points

THE forwarding market is to grow 4