The container shipping industry is stuck in a vicious cycle: although new ships may give carriers lower slot costs, the supply/demand dynamics are out of kilter and freight rates remain very volatile Drewry's 1Q14 Container Forecaster ...
Tags: Container Shipping, shipping, logistics, Service
Singapore 380 CST high sulfur bunker fuel prices dipped to a 21-month low of $586/mt Wednesday, on the back of weak demand and bearish crude. The outright price was last lower June 29, 2012, when it was $578.50, Platts data showed. ...
Tags: fuel, Metallurgy, Mineral, Energy
Freight rates for grain runs from South America to the Far East declined on Friday amid low Chinese soybeans demand, oversupply of tonnage and generally bearish sentiment in the Atlantic market. Grain runs basis 60,000 mt on the ...
Tags: grain, soybeans, Chinese demand
Softer coastal freight rates for shipping domestic thermal coal from northern to southern ports in China has put seaborne-traded cargoes at a slight price disadvantage, and renewed downward pressure on CFR South China prices, said traders ...
Freight rates for shipping coal from northern China's Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou dropped significantly in the week to March 25, ending a five-week upward trend, Qinhuangdao Port said ...
Tags: coal, coal stocks, Freight rates
Chinese buyers refrained from meeting the delivered-price expectations of seaborne cargo sellers in unsettled Asian trade Friday, as weak fundamentals in the domestic market prolonged a week-old standoff between buyers and sellers, said ...
Tags: China Cargo Market, coal producer, thermal coal market
Freight rates for shipping coal from northern China's Qinhuangdao port to the southern Chinese ports of Zhangjiagang, Shanghai and Guangzhou continued to rise for the fifth consecutive week, a weekly report released by Qinhuangdao port ...
Tags: Qinhuangdao Port, Coastal Coal
Con-way Freight is the latest less-than-truckload (LTL) carrier to announce it’s increasing rates. Come March 31, the company will raise its general rate by about 5.4 percent, which will be applicable to non-contractual business. ...
Tags: Truck, Freight Rates, Con-way Freight
Prices of spot delivered thermal coal cargoes into Turkey slipped Friday, following a lower-priced deal for US material and buyers willing to wait for cheaper prices, sources said. Platts assessed the weekly CIF Turkey 6,000 kcal/kg ...
Tags: Thermal Coal, US Deals
The focus in the Chinese spot market was back on domestic thermal coal prices, which buckled in Asia trade and caused buying interest on cargoes of imported fuel to sink below $75/mt CFR South China in many cases, said market sources. ...
Tags: Buckles, Thermal Coal
The FOB Singapore 380 CST high sulfur fuel oil cash differential slipped into a discount Monday due to excess supply. The cash differential for the higher viscosity grade fuel oil fell to a discount of 26 cents/mt Monday, down from ...
Tags: high sulfur fuel, HSFO market
Less-than-truckload carrier ABF Freight System will increase general rates and charges by 5.4 percent later this month. Rates will go up by about 5.4 percent effective March 24, but the effect on specific lanes and shipments will vary. ...
Tags: Freight, Transportation, Auto Parts
FedEx Freight will increase shipping rates by about 3.9 percent, effective. The rate change is for FedEx shipments within Canada, Mexico and the US, including Alaska, Hawaii, Puerto Rico and the US Virgin Islands. Additional changes ...
Tags: FedEx, Transportation
Spot deals for Indonesian thermal coal were hard to come by as bids from both Indian and Chinese buyers are not firm due to rising freight rates, sources said Tuesday. "You can still sell coal to China, but prices are an issue," a ...
Tags: Thermal Coal, Mineral
Capesize iron ore freight rates fell across most routes Thursday, as charterers took advantage of a relatively quiet trading day to press rates down in the Pacific. Fixture activity in the Pacific slowed Thursday after a flurry of ...
Tags: Iron Ore, Limited Fixtures