Market

Port Houston’s Export Triumph Amidst Challenges

Credit: pymnts/Unsplash

Port Houston has once again experienced a significant increase in loaded exports through its Bayport and Barbours Cut Container Terminals,says an article published on port houston website.

September Export Surge

Port Houston experienced a record-breaking increase in loaded exports during September, marking a significant milestone in its history. Handling 124,739 loaded export TEUs, this surge, a 21% increase compared to the same period in 2022, is primarily attributed to...

https://mfame.guru/port-houstons-export-triumph-amidst-challenges/

OneGlobal Shipping Market Report for October 2023

Credit: Vidar Nordli-Mathisen on Unsplash

The attack by Hamas on Israel in October 2023 led to uncertainties in the oil supplies and global economic risks. The WTO reduced global trade projections, and during this time Chinese investors divested US assets at a four-year high level. Various developments were witnessed in the maritime and energy sectors including LNG and maritime industry changes.

Economy:
  • There is increasing concern about global oil supply due to the Hamas attack against Israel.
  • Wo...

https://mfame.guru/oneglobal-shipping-market-report-for-october-2023/

Baltic Exchange Dry Index – 2023

Credit: Peninsula’s bunker tanker Hercules Sky supplying a biofuel blend to a chemical tanker in Gibraltar. Peninsula

The Baltic Exchange’s main sea freight index, which measures the cost of shipping goods worldwide, rose by 5 points to 1,128 points on 3rd August , after a 2.4% slump the day before, amid higher demand for panamax vessels, says an article published on Tradingeconomics.

Seventh straight session

The panamax index, which tracks ships that usually carry coal or grain cargoes of about...

https://mfame.guru/baltic-exchange-dry-index-2023/

Thornton Launches A New Market For Its Thorplas-Blue Bearings

Credit: cottonbro studio/Pexels
  • “We anticipate increased interest for ThorPlas-Blue in this application,” confirmed Holmgren.
  • There is a zero-grease requirement and wear rates improve dramatically.
  • “The self-lubricating properties of the Thordon material mitigate against the risk of hatch cover failure due to bearing seizure, so you do see reduced repair and maintenance costs.”

The self-lubricating ThorPlas-Blue bearings Wilson Ship Management AS (“Wilson”) installed on the hatch cover wheels...

https://mfame.guru/thornton-launches-a-new-market-for-its-thorplas-blue-bearings/

ONE Orders Ten 13,700 TEU Container Ships

Credit: Ian Simmonds/Unsplash

Ocean Network Express (ONE) orders ten additional 13,700 TEU container ships from shipyards in Japan and Korea with delivery in 2025 and 2026, says an article published on Fullavantenews.

Carrier scheduled

Ocean Network Express (ONE) recently announced that it had placed orders for a further ten 13,700 teu container ships. According to a statement issued this week, the Singapore-based, Japan-controlled carrier is scheduled to receive the ships in 2025 and 2026.

It is...

https://mfame.guru/one-orders-ten-13700-teu-container-ships/

Gas Report – Week 10

Credit: manda-hansen–unsplash

Baltic exchange published week 10th gas report.

LNG

Spot market activity is quiet and some cargoes ex-Australia have been quoted in the market for end April-early May. But while the Pacific sees some firm enquiry, the Atlantic has fallen nearly silent with next to nothing reported or worked in the market.

The spot market has been dictated in part by availability, or a lack of ships willing to work on spot terms. Players with length are focussing on more profitable...

https://mfame.guru/gas-report-week-10/

Stainless Insulated Container Market Expected To Expand

Credits: Viking Life-Saving Equipment

New Research Study ❝Stainless Insulated Container Market 2023 Analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, and Investment Opportunities), Size, Share, and Outlook❝ has been added to Coherent Market insight, says an published on Digital journal.

Competitive landscape

The Stainless Insulated Container Market research report provides an analysis of major manufacturers, and geographic regions, and provides advanced...

https://mfame.guru/stainless-insulated-container-market-expected-to-expand/

Navios Containers Struggles To Keep Afloat in Q2

  • Navios Maritime Containers’ Q2 share price continues to be volatile.
  • It operates in the cyclical container shipping market, and its balance sheet is on a knife-edge.
  • NMCI is a small-cap shipping company, focused on the container shipping market.
  • They own 25 small container ships and 4 larger ships.
  • The company has a market cap of $27 million and have not fared well since 2017.
  • With revenue of $28.79 million in Q2, NMCI ended up with a loss of $2.119 million.
  • It is on a contract of $9,750 and...

https://mfame.guru/navios-containers-struggles-to-keep-afloat-in-q2/

Drybulk Shipping Rates Plunges Due To A Lull in Global Economy

According to an article published in Seeking Alpha and authored by Clark Schultz, the Baltic dry index is facing a plunge due to a lull in the global economy.

Market conditions
  • The Baltic Dry Index fell 4.67% to 694 points in London to follow on the 3.83% decline on Tuesday.
  • The Baltic Dry Index bottomed out at 411 on February 10 and traded as high as 2,518 last September.
  • Capesize rates fell back 6.6% and Panamax rates were down 3.88%.
  • Seasonal and demand factors are reported to be a larger...

https://mfame.guru/drybulk-shipping-rates-plunges-due-to-a-lull-in-global-economy/

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