Chartering

Ever Given’s charterer under pressure to unload its cargo onto other vessels

pressure

Loaded with 18,000 containers, Evergreen Marine Corp. is hard-pressed and under pressure to deliver their customers’ stuck cargo Carrying everything from toilet paper to coffee and furniture, Ever Given is barred from leaving the Suez Canal unless its owner makes good the $1 billion compensation to the Suez Canal Authority …

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Marine Online’s Platform – The answer to today’s chartering needs

CHARTERING: World’s first smart vessel matching powered by artificial intelligence and big data SINGAPORE, 11 March 2021 – Marine Online’s one-stop integrated platform successfully matched a vessel for a commodity cargo owner’s shipment – demonstrating digitalisation is the answer to all chartering challenges faced by ships and cargo owners today. …

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Lump cargo prices hike amidst tight supply from production cuts

supply

S&P Global Platts’ data revealed seaborne lump premiums surged to $51.05/dmtu after supply cuts The end-user demand for lump cargoes in both seaborne and portside market hiked after Hebei implemented further sintering and production cuts. Market insiders anticipate end-users to continue or increase their consumption level to maximise production efficiency …

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China reports 2.8 per cent rise in iron ore demand during first two months of 2021

iron ore

The world’s top steelmaking republic imported 181.5 million tonnes in January and February An increase of 4.9 million tonnes in comparison to the same period in 2020 was within analysts’ expectations, as iron ore shipments from China’s top two suppliers grew steadily. Refinitiv vessel-tracking data revealed the arrivals from Australia …

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China extends provision to Australian coal shipments to help stranded seafarers

China extends

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 …

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Coastal Contracts’ ventures into liftboat chartering

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 …

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