Baltic Index Edges Higher on Stronger Capesizes Rates

 

 

 

 

© Lukasz Z / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, edged up on Friday on stronger rates for the capesize vessel segment.

The Baltic dry index was up 2 points, or 0.2%, at 1,196.

However, the index lost 6.9% this week, its fifth straight weekly loss.

The capesize index rose 30 points, or 1.8%, to 1,739, but declined about 8.8% for the week.

Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose $244 to $14,421.

The panamax index fell 19 points, or 1.6%, to 1,190, and was down about 6.2% this week.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, fell $169 to $10,711.

The supramax index shed 11 points to 901.

 

(Reporting by Asha Sistla in Bengaluru; Editing by Aditya Soni)

 

 

 

The ultimate guide to international shipping cost

 

 

 

https://www.icontainers.com/international-shipping-cost-guide/

There’s no doubt that ocean freight is an essential cog in the wheel that is world trade. And its influence is undeniable — 90% of the merchandise being transported all around the globe is carried out via ocean freight.

But despite the significant role it plays and the countless parties involved in day-to-day dealings with maritime shipping, there is a myriad of shipping-related charges and fees that may confuse even the most seasoned of shippers.

How much does international shipping cost

The fees and charges in an international shipping cost are wide-ranging. They cover anywhere from port and custom charges to additional fees implemented only under very specific circumstances. Basic freight charges aside, there’s a whole range of factors to consider when calculating

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Los fletes de petroleros vuelven a caer tras el repunte de los últimos 12 meses

 

 

 

Estrecho Digital

BIMCO prevé tiempos difíciles para este sector por la crisis económica y el descenso de la demanda de transporte

 
 

El descenso gradual de la demanda y de la producción de crudo están poniendo fin a 12 meses de buena salud en el mercado de fletes de los petroleros, con ingresos por debajo del umbral de rentabilidad, que hacen prever tiempos difíciles para el sector en el corto plazo, según un reciente análisis publicado por BIMCO. Solo China mantiene la demanda con importaciones récord de crudo, aprovechando los bajos precios.

En su previsión más reciente, la Administración de Información Energética de EE.UU. (EIA) estima que la demanda mundial de petróleo en

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Worst Shipping Crisis in Decades Puts Lives and Trade at Risk

 

 

 

BLOOMBERG

With 300,000 workers stranded on merchant ships, Bloomberg found dozens of labor violations that threaten seafarers’ safety, as well as the global supply chain.

Published: 17 de septiembre de 2020 23:00 | Updated: 18 de septiembre de 2020 12:35

On July 25, the Unison Jasper pulled into the Australian port of Newcastle carrying 31,000 tons of alumina bound for one of the country’s largest smelters. The ship had traveled around the world in the seven months since the pandemic began, but in Australia, authorities found a problem serious enough to detain the vessel.

Seven of the 22-person crew had been on the ship for 14 months, beyond the end-date of their contracts and

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Engie Teams Up With Rocket Maker on Hydrogen Shipping Fuel

 

 
Bloomberg
 
 
10 de septiembre de 2020 13:52 CEST
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    French utility and ArianeGroup aim to cut cost of liquefaction
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    Partners hope to tap a potentially ‘huge’ market, Engie says

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French energy giant Engie SA teamed up with rocket maker ArianeGroup to develop hydrogen production equipment and promote the gas as a clean fuel for the shipping industry.

 
 

The partnership comes as France and other European nations step up subsidies for research into cleaner and cheaper hydrogen development. While the gas could help replace dirtier fuels in transport and industry, producing it from water using clean power is more expensive than extracting it from fossil fuels.

 
 

Engie and ArianeGroup -- a joint venture between Airbus SE and jet-engine maker Safran SA -- will pool their expertise in liquefied natural gas and liquid hydrogen systems to

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