Chartering

Despite trade tensions, China extends goodwill to stranded seafarers by permitting some Australian coal shipments’ unloading Over 50 vessels carrying Australian coal have reportedly been stranded off China after ports were directed to disallow offloading. This crisis stemmed from a trade tension between Australia and China over Huawei Technologies’ barring …

Coastal Contracts’ ventures into liftboat chartering Malaysia-based Coastal Contracts Bhd expands its portfolio into liftboat chartering through acquiring Elite Point Pte Ltd (EPPL) Coastal Contracts Bhd announced in a recent statement of its entry into the liftboats chartering through the acquisition Singaporean company EPPL. Liftboats are self-propelled, multifunctional, self-elevating platform-based …

Strengthened panamax rates earlier January did not retain Baltic Index due to diluted capesize demands Earlier this month, stronger panamax rates raising the Baltic Exchange’s main sea freight index elevated the industry’s optimism as it offset a drop in the larger capesize sector. However, further weakened rates for the larger …

Iron ore prices spikes, steel demand hikes, coking coal import quota declines The iron ore market and coking coal market saw a dramatic increase in prices in the past week. It is mainly due to the Chinese economy hurled back to steadiness and levels seen before the COVID-19 pandemic. Iron …

Indonesia coal miners are expected to experience a drop in production in an attempt to increase export prices and to ensure margins are kept for the rest of the year. The Indonesian Coal Mining Association released a notice advising miners to reduce their production in light of lukewarm demand and …

Ship chartering is an extremely time consuming and exhausting activity, with many different procedures having to take place. There are also numerous port fees and costs are ever-rising. Furthermore, exorbitant commission rates paid to brokers lead to even higher costs. However, Singapore’s B2B Maritime eCommerce platform Marine Online has come …

  French container shipping company CMA CGM has predicted a recovery for shipping, especially for transpacific routes, as the maritime industry continues to bounce back from the COVID-19 pandemic, which hindered growth at the start of 2020. CMA CGM announced a net income of $136 million in the second quarter …

With the plunge of market demand in raw material and production goods, most end-user planned their inventory based on just in time (JIT) and leads to most logistic and transportation on spot mode, with cargo purchase only happen when the stock is at a crucial level, transport booking only happen …

Shipping lines around the world would not be blamed for expecting their earnings to take a drastic hit as a result of the COVID-19 pandemic, but as it turns out, many of them are actually reporting higher profits than a year ago. In the wake of mass lockdowns around the …

After the Covid-19 pandemic hit the world, all known human interaction was literally reduced to rely heavily on the Internet, through video calls or virtual business conferencing, by utilizing complimentary software available, such as Zoom, WeChat, Skype, Hangouts, and more. For the same reason, production levels also dropped significantly due …