”The LNG shipping market has become significantly tighter compared to the last few year and spot rates have hit multi year highs in Q4 2018. Supported by healthy LNG demand and supply fundamentals and limited vessel availability in the spot marke…
Braemar: LNG Shipping Rates to Remain Strong in 2019 Read More »
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 »
Shipbrokers Simpson, Spence and Young’s Atlantic Capesize Index rise by 161 points in the week ending Monday to 7,550.The SSY Atlantic Capesize Index rose by 161 points week-on-week to 7,550 points as a pickup in Brazilian iron ore chartering saw front…
SSY Atlantic Capesize Index Rise by 161 points Read More »
Designers OSK, owners Rederiaktiebolaget Gotland and builders Guangzhou Shipyard International jointly celebrated the delivery of MV VISBORG the first vessel in a series of two intended to ply the waters between Gotland’s largest city Visby…
Dual-Fuel RoPax Ferry MV VIsborg Delivered Read More »
Austal USA was awarded a contract by the U.S. Navy today to build two additional Littoral Combat Ships (LCS) for the US Navy fleet – bringing the total to four LCS awarded to Austal USA in 2018. The specific value of each contract is under the…
Shipbuilding; Austal USA Wins Contract for Two More LCS’ Read More »