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Ukraine crisis could bring serious grain trade disruption

What kicked off as a protest concerning a trade pact with the European Union, quickly escalated into a full on political crisis involving Russia, the E.U. and the U.S.A. The presence of Russian troops in the Crimea peninsula has ignited the jump of commodity prices last week and some people in our industry have already started wondering whether acceleration of the crisis

USEC ports in deep trouble

Great changes lie ahead in the trade lane between Europe and the US East Coast/US Gulf, but to what extent will its ports be up to the job, and what are the implications for shippers? Recent clarification of the port rotations of G6’s proposed services between Northern Europe and US East Coast/US Gulf from 2Q 14 underlines the great changes that are in the making in the

Shipping issues arising out of the Ukraine crisis

The situation in Ukraine remains fluid and, with events moving quickly, very little is certain. At the time of writing, attention is focused on the Crimea with rumours of Russian naval vessels blockading the Kerch Straits which, if true, would quickly isolate the main port of Mariupol (see map below). At present, the US and EU appear committed to achieving a non-military solution to

Crude tanker deliveries on a lower trajectory, but product tanker ones are on the rise

The question of tanker deliveries is a major one when it comes to determining freight rates, with oversupply proving to be a major factor in recent trends. According to the latest weekly report from shipbroker Gibson, "tanker deliveries in 2013, both in terms of numbers and deadweight, were the lowest recorded since 2002. The final deadweight total, 21 million tonnes was 10 million

’Risk takers and shipping loans’

Risk Takers. Let’s face it. This is in fact what all investors are. There is no investment which can bring returns without taking some risk, except one, and that is Knowledge. This is why Fund Managers, Financial Advisors, Wall Street Gurus are highly remunerated and their annual hefty success bonuses exceed the wildest dreams of most ambitious and well paid executives.

Up And Down The Box Rate Rollercoaster

Liner shipping companies are responsible for operating the world's 5,087-strong containership fleet. They own 52% of the capacity and charter in the rest from independent owners. In principle they then turn a profit on this by transporting containers around the world for cargo shippers.

Up And Down

Recent experience suggests that this can be a difficult

VLCC pricing to increase in the future

VLCC tankers are now demonstrating a contango market, especially after the recent rise of newbuilding prices, compared to their five-year old peers. This according to Mcquilling Services which stated in a report Friday, that the market for VLCCs could very well be in a contango, i.e. future prices are expected to be higher than current valuations. According to Mcquilling,

N/S Supply/demand: Asia-Mid East-Indian Subcont - Carriers need greater economies of scale

Cargo growth between Asia and the Middle East/Indian Subcontinent region was poor in 4Q 13, prompting ocean carriers to look for more profitable ways of serving the trade lane.


Cargo shipped from Asia to the Indian Subcontinent

Towards an EU integrated approach to global maritime security

The European Commission and the High Representative of the European Union for Foreign Affairs and Security Policy have adopted today a Joint Communication to the European Parliament and the Council "For an open and secure global maritime domain: elements for a European Union maritime security strategy". This joint communication presents a vision of the Union's

Dry bulk market to benefit from China's GDP growth target

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

The Restructuring Of Non-Performing Shipping Loans

European banks account for approximately three-quarters of the global ship financing market of approximately USD 475 billion, with German banks having by far the highest exposure compared to their European competitors. Banks in Scandinavia and the United Kingdom follow. As a result, German banks are particularly exposed to any negative market developments in the

Letters of indemnity

In today's trading market, owners are frequently requested to accept a letter of indemnity (LOI) in exchange for complying with charterers' or shipper's request to take on risks which can fall outside the contractual demands normally placed on a carrier. These can also fall outside the scope of standard insurance coverage, and hence deserve careful attention.

NB prices climbed by 20% on average during 2013, early investors are already beginning to resell existing contracts

Ship owners who invested in newbuildings during the 2012-2013 are the biggest gainers of the current market claimed a report from shipbroker Intermodal. They managed to take advantage of low demand and thus low prices for new buildings. As such, they were able to combine the latest ECO designs on offer, they managed to negotiate a rich specification, they chose

Feature: New dawn for ethane as gas carrier cargo

The scene is set for the emergence of ethane as a notable liquefied gas carrier cargo on deep-sea routes. The product is a key component of the natural gas liquids (NGLs) in which the new shale oil and gas volumes coming onto the market are rich. It is also a major petrochemical industry feedstock offering many advantages over the alternatives. As a reflection of this new dawn

APL, Hapag-Lloyd and UASC Lead in Status Event Data Quality, According to INTTRA's First Published Rankings

INTTRA, the world's largest multi-carrier e-commerce network for ocean shipping, today announced the first results from its comprehensive ocean shipping information quality program, revealing exclusive insight into the quality of carrier data provided by the global containerized shipping industry. The program -- comprised of a monthly carrier scorecard, the INTTRA Insights

Timing in the tanker market is of paramount importance

Volatility is the "name of the game" in the tanker market, something which has been the case as well during the first couple of months in 2014, with the market experiencing its biggest spike in the last five years, before retreating once again at the beginning of February. Volatility has been more obvious in the VLCC and Suezmax tanker classes, but has also been notable in

N/S Supply/demand: Europe-Mid East-Indian Subcont

India’s imports from Europe remained disappointing in 4Q13, leaving ocean carriers with exacerbated empty container equipment repositioning costs from the Middle East.

Cargo shipped from Europe to the Middle East and Indian

Exceptions to Laytime

Laytime questions are some of the most common, yet also technically complex, that Members have to consider as part of their operations. In this Bulletin, the Association will discuss the important recent decision in the "Ladytramp" 2012.


Once laytime commences, it may only be suspended

Higher prices and steady freight rates lead ship owners to temporarily halt second hand vessel purchases

As the dry bulk market has kept on improving, but at a very slow rate, ship owners have elected to take a step back from the flurry of the S&P market, as it was in the past few week. After all, prices had started to firm up quite a bit. According to the latest report from Lion Shipbrokers, "buying interest is decreasing as ships' values have firmed beyond the budget of many prospective

To P3 or not to P3?

Ocean carriers are moving ahead with the creation of bigger alliances, even though regulatory authorities have yet to pass judgment on them. More ocean carriers are determined to jump onto the mega-alliance bandwagon, and appear to assume that regulatory authorities will not object. Evergreen has just confirmed a plan to join the CKYH alliance between Asia and
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