Search results for: Ocean Freight Exchange

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  • 14 September 2017

    Asian long range (LR) tanker market has seen a surge in rates following the Hurricane Harvey amid heightened demand from Europe and Americas resulting from US refinery outages. According to Ocean Freight Exchange (OFE), rates on TC1 and TC5 freight routes surged by w17.5 and w14 points week-on-week to w115 and w135 respectively. “With many […]

  • 9 December 2016

    The Asian Aframax market has been strengthening steadily and the rates are expected to continue firming on the back of increased cargoes, weather delays and a tighter tonnage list, John Hahn, CEO at Ocean Freight Exchange, said in a LinkedIn post. Namely, the rates for the Indonesia-Japan route were up by w30 points week-over-week at […]

  • 2 March 2017
    Business & Finance

    Very large crude carrier (VLCC) rates on the AG/Japan route tumbled by nearly w10 points within a day to w60 on Tuesday, according to Ocean Freight Exchange (OFE). The drop comes on the back of S-Oil placing its tanker Australis on subs for an AG/Onsan run at w54.75, as charterers “went for the jugular,” with […]

  • 7 September 2017
    Business & Finance

    Refinery outages caused by Hurricane Harvey have led to a jump in gasoline shipments from Asia to the US and Latin America, according to a report from Ocean Freight Exchange (OFE). The hurricane, which wreaked havoc on global oil markets as almost a quarter of US refining capacity was shut, has impacted Asia’s refined products as well […]

  • 20 July 2017
    Business & Finance

    The tanker market, which was counting on the implementation of the IMO Ballast Water Management Convention in September 2017 to raise scrapping levels, could now face a delay in rate recovery, according to Ocean Freight Exchange (OFE). The recovery could be postponed as the Marine Environment Protection Committee (MEPC) recently decided to push the BWMC implementation by […]

  • 13 April 2017
    Business & Finance

    Already at the start of the second quarter of 2017 Asia’s crude tanker market finds itself flooded with a flurry of newbuilds that hit the water over the last quarter, according to a report from Ocean Freight Exchange (OFE). New tonnage delivered hit 15 million dwt in the first quarter and is expected to stand […]

  • 26 July 2017
    Business & Finance

    Recent developments in the crude tanker market, such as the delay in the IMO Ballast Water Management Convention and the OPEC meeting on Monday, are expected to add downwards pressure to the ailing sector. The OPEC meeting at St Petersburg on Monday, Saudi Arabia declared that they would cap crude oil exports at 6.6 mm/d in […]

  • 7 June 2017

    Although the diplomatic crisis in Qatar would have little impact on the wider oil market, the situation could disrupt Qatari crude and refined product exports. The crisis has upended shipping markets as tightened port restrictions are expected to cause logistical complications, according to Ocean Freight Exchange (OFE). The restrictions were imposed after various Gulf nations including Saudi […]

  • 6 July 2017
    Business & Finance

    Weak supply side fundamentals as well as a seasonal lull in demand are expected to plague the Asian crude tanker market in the third quarter of 2017, the Ocean Freight Exchange (OFE) informed. A more worrying trend is that, according to BIMCO, very large crude carrier (VLCC) orders between January and May this year hit their […]

  • 12 July 2017
    Business & Finance

    As newbuilding deliveries would continue to keep a lid on product tanker rates in Asia over the third quarter of 2017, things seem to be a little brighter for the MR segment. According to Ocean Freight Exchange (OFE), the pace of deliveries is expected to pick up in the second half of the year, bringing […]

  • 25 April 2018
    Business & Finance

    Baltic Exchange, Freightos unveiled an independent, audited benchmark for the global container shipping industry.

  • 5 September 2019

    The index will aim to help shippers optimize their supply chains.

  • 23 January 2018
    Business & Finance

    Maersk Line has joined the New York Shipping Exchange (NYSHEX) as its sixth founding member.

  • 24 July 2018
    Business & Finance

    Hyundai Merchant Marine has become the newest carrier member of NYSHEX.

  • 17 August 2018
    Business & Finance

    Maersk delivered revenue growth as profitability remained at unsatisfactory levels in the second quarter of 2018.

  • 23 October 2018
    Business & Finance

    E2open announced plans to acquire container shipping booking platform INTTRA.

  • 8 December 2010

    On-line Freight Rate Marketplace Opens New Business Relationships Burlingame, CA, 8 December 2010 – FRESCOTM, the new Freight Rate Exchange for Shipping Containers, raises the bar in competitive purchasing and sales for the freight forwarding sector and buyers of freight services (shippers). The service has been launched by Linescape and builds on the success of […]

  • 17 May 2018
    Business & Finance

    Skou: Q1 performance was unsatisfactory, especially in the ocean-related part of the business.

  • 27 December 2011

      COSCO Shipping Co., Ltd. is planning to establish two joint ventures in Rotterdam, the Netherlands and Houston, the United States and with NMA Maritime& Offshore Contractors B.V. The Company will hold a 70% stake in the two joint ventures that will be involved in attracting shipping business. On Dec 8, 1999, COSCO Shipping Co., […]

  • 18 May 2016

    Oslo-based benchmarking and market intelligence platform for containerized ocean freight Xeneta is proposing a radical solution in container shipping – the commoditization of containerized freight.  With ultra-low container rates, multiple operators being on the brink of bankruptcy, and adversarial relationships developing between those shipping goods and the carriers, Xeneta believes the entire container industry must evolve. […]

  • 12 May 2014
    Business & Finance

    More shippers are benchmarking their container shipping costs to ensure that they secure the most favourable freight rates possible, Drewry, a  specialist research and advisory organisation for the maritime sector, said in a release. A fast growing number of major US, Asian and Europe-based international companies, including FMCG, industrial and chemicals multinationals and a top-three […]

  • 10 January 2019
    Business & Finance

    Overall volume of Forward Freight Agreement (FFA) trades increased in 2018, according to the Baltic Exchange.