Pinterest • The world’s catalogue of ideas

CoastalShipping

Coastal Shipping Links (India) Pvt.Ltd has been involved in shipping related activities over a span of more than 10 years, today the CSL is providing following services: •Ship Management •Technical Management •Ship Chandelling •Steamer Agency
113 Pins88 Followers

Baltic index down as rates for bigger vessels remain weak The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday, pulled down by weaker activity in panamax and capesize vessels. * The overall index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, fell 5 points or 0.59 percent to 836 points.

2

Ore-Ship Rates Gain as Cargo-Price Slump Seen Spurring Purchases Iron-ore shipping costs had the longest streak of gains since September amid speculation that plunging prices for the steelmaking commodity are spurring demand for vessels.

2

Coal, grain cargoes help push up Panamax freight rates Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India ended the week higher on Friday on availability of coal cargoes, sources said. The South American grain season was also providing support to Panamax freight rates as grain cargoes had absorbed plenty of tonnage, sources said.

2

Tsakos Energy Navigation Limited, a leading product, crude and LNG tanker operator, yesterday announced two-year plus one year fixtures at charterers option with minimum rate provisions, for two MR product tankers to a major international end-user. The new charters should generate gross revenues of $22.0 million, excluding potential gains over the minimum rates that can apply in the second year and optional year.

1

Jeddah port problems worsen The situation in Jeddah Islamic Port has deteriorated with shippers saying costs to move cargoes through the Saudi port have spiralled 200%. Moving containers, which used to cost a maximum of 700 riyals is now costing 2,000 per unit. Severe congestion is also causing truck drivers to wait on average 15 hours to pick up their containers. Saudi authorities are looking into the situation.

1

Thoresen Shipping Singapore has announced the acquisition of a seven-year old supramax dry bulk vessel, the M.V. Thor Fearless. The vessel was built in 2005 by Oshima Shipbuilding in Japan and has a capacity of 54,881dwt. Ian Claxton, md of Thoresen Shipping, said: “Today’s acquisition is part of the on-going fleet renewal plan we announced last year, and shows we are delivering on our stated objective of acquiring modern and high quality vessels

1

Global warming is opening a door for ships Could global climate change have a silver lining -- in the form of improved international trade? Perhaps, if the fabled Northwest Passage finally becomes a reality. For centuries, navigators and traders have wondered if there was a viable way of getting shipping from the Atlantic to the Pacific via the waters above current-day Canada and Alaska and through the Bering Strait.

1
1

Marine use of LNG being examined A major project is being undertaken on the West Coast to determine the future of liquefied natural gas (LNG) as a marine fuel in Canada. The West Coast Marine LNG Supply Chain Project is described as a multi-stakeholder effort with the goal of understanding the “barriers to the use of liquefied natural gas as a marine fuel on the West Coast of Canada.”

1

Baltic Index Has Biggest Weekly Drop in Six as Ship Demand Slows The Baltic Dry Index, a gauge of costs to transport minerals and grains by sea, had the biggest weekly drop in six weeks, as demand for the two biggest vessels classes slowed. The index slid 4.9 percent to 841, the most since the week ended April 5, according to the Baltic Exchange in London.

1

Leading indicators suggest better outlook for shipping companies in 2013 Dry bulk shipping demand is highly dependent on the global economy. One great tool that money managers and policymakers rely on to assess short to medium-term economic outlook is the composite leading indicator published by the OECD (Organization for Economic Co-operation and Development). The components of the composite leading indicators differ from one country

1