Ocean freight rates for cargoes moving under contracts on major East-West routes decreased by 7% in the fourth quarter, according to the results of Drewry’s Benchmarking Club Contract Index. The cost reduction, based on contract freight rate data provi…
East-West contract rates help reduce shippers’ costs Read More »
Capesize A positive end to last week after a somewhat uncertain start as some gains made were eroded. Rates recovered later for West Australia/China, nudging the high $8.00s with rumours of $9.00 for prompt positions. In addition, there was finally act…
Dry Bulk Market Roundup: Capesizes Recover Lost Ground Read More »
In November, VLCC utilization increased to the highest level observed since the beginning of the year at 60.55%, nearly as high as the level observed in November 2017 (60.58%). Through the first 11 months of the year, utilization has averaged 59.99%, c…
VLCC Utilization Up in November Read More »
Located in a modern science park in Bergen, Norway, DNV GL’s Materials and Corrosion Technology Centre and its sister facility, the Technology Centre for Offshore Mooring and Lifting, are only two years old. But both facilities are staffed by personnel…
Where technology meets competence Read More »
Shipping confidence dipped slightly in the three months to end-November 2018, according to the latest Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents fell to 6.0…
Shipping confidence dips but investment appetite remains undimmed Read More »