Tonnage supply

CMA CGM Ramps Up Asia-Europe Capacity Amid ‘Never Expected’ Demand

CMA CGM, in their website, said they are ramping up the capacity between Asia and Europe in response to unprecedented demand.

Increased tonnage to Asia-Europe market

The French-based CMA CGM Group has accelerated the redeployment of its capacity, increasing tonnage assigned to lines between Asia and Europe by 6% for the fourth quarter of 2020 compared to the same period of 2019. It will also make further additions in the first quarter of 2021, when capacity will be 10% higher than in the current...

https://mfame.guru/cma-cgm-ramps-up-asia-europe-capacity-amid-never-expected-demand/

VLGC Spot Rates Hit 5-Year High Amounting To $100,000/day

Spot rates for VLGCs are on the cusp of hitting $100,000 a day, having hit highs in recent days not seen since August 2015, reports Splash247.

Tonnage supply remains tight

Rates for large LPG carriers are now in the region of $90,000 a day, having been on a steep charge from last month. In terms of dollars per tonne, VLGCs are commanding in excess of $95 per tonne.

“With tonnage supply still extremely tight in both hemispheres, we wouldn’t be surprised if we see triple-digits $/t before Christmas,”...

https://mfame.guru/vlgc-spot-rates-hit-5-year-high-amounting-to-100000-day/