freight rates

Ports of Stockholm finish 2018 with stable freight volumes

Swedish Ports of Stockholm finished 2018 with a record reaching with stable freight volumes and a record number of cruise passengers. According to the Ports’ 2018 summary, a new revenue record of SEK 866 million (USD 94.9 million) was reached, meaning SEK 10 million more than the record set in 2017.

Specifically, overall 9.6 million tonnes of freight was transmitted through the Ports of Stockholm in 2018, equal to 2017’s amount of freight.

In addition, ro-ro freight transport rose by 4%, reaching...

https://safety4sea.com/ports-of-stockholm-finish-2018-with-stable-freight-volumes/

Shipping rates decrease in due to economic slowdown

Freight rates for dry-bulk and container ships, carriers of most of the world’s raw materials and finished products, have experienced a decrease during the last six months, reflecting the that the global economy is slowing significantly. The measured transport costs for materials like iron ore and coal, have reduced by 47% since mid-2018, affected by the US-China trade dispute, according to Reuters.

Specifically, dry-bulk commodities are thought as a leading economic indicator, because they are...

https://safety4sea.com/shipping-rates-decrease-in-due-to-economic-slowdown/

Freight derivative trade volumes increase in 2018

Figures compiled by the Baltic Exchange reveal that the overall volume of Forward Freight Agreement (FFA) trades increased in 2018. Freight derivative volumes in the tanker market rose by 20% in 2018 hitting 321,962 lots, volumes in the dry market rose 1.4% to 1,196,929 lots, its strongest performance since 2008, while dry options volumes rose by 44% to 268,976 lots, finding similar levels to 2016.

Closer analysis of the figures reveals that on the dry bulk side panamax volumes grew by 10% and...

https://safety4sea.com/freight-derivative-trade-volumes-increase-in-2018/

Drewry: East-West contract rates reduce shippers’ costs

Ocean freight rates for cargoes moving under contracts on major East-West routes decreased by 7% in the fourth quarter of 2018, which is mostly driven by moderate fall in the Asia-Europe rates, according to Drewry.

The cost reduction, based on contract freight rate data provided confidentially by Asian, American and European retailers and manufacturers to Drewry’s Benchmarking Club, shows that “shippers who negotiate well with carriers can continue to reduce their multi-million freight spend on...

https://safety4sea.com/drewry-east-west-contract-rates-reduce-shippers-costs/

Could LNG shipping spot rates hit $250,000/day?

Spot day charter rates for LNG carriers have hit their highest levels since mid-2012 on the back of low prompt availability of vessels in both the Atlantic and Pacific basins.

This week, S&P Global Platts assessed Pacific and Atlantic day rates for LNG vessels at $140,000/day and $130,000/day, respectively, up 40% since mid-September, and nearly 3.5 times higher than a year ago when rates were still around $40,000/day.

The surge in rates indicates that LNG supply is growing faster than new ships...

http://blogs.platts.com/2018/10/19/lng-shipping-spot-rates-hit-250000-day/

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