Diana Shipping Finds Work for Two Bulkers

Athens-based dry bulk specialist Diana Shipping has, through separate wholly-owned subsidiaries, entered into time charter contracts for two of its bulkers.


The first contract is with Cargill International S.A., Geneva, for one of Diana’s Capesize dry bulk vessels, the 179,426 dwt m Santa Barbara.

The gross charter rate for the 2015-built bulker is USD 12,000 per day, minus a 4.75% commission paid to third parties, for a period of about twelve months to maximum fifteen months. The charter is expected to commence on January 24, 2017.

Cosco Dalian Hands Over Salvage Vessel, Bulker
Cosco Corporation’s subsidiary from China, Cosco (Dalian) Shipyard, has delivered a salvage lifting vessel and a Panamax bulk carrier to their buyers.

De Bo 3, the 17,000 dwt salvage lifting vessel, was handed over to China Yantai Salvage, VesselsValue’s data shows.

With a gross tonnage of 32,300 tons, the newbuilding features a length of 159.6 meters and a width of 37.2 meters.

Why shipping rates change so often?

The biggest cost item for the carrier companies is fuel, either the ocean carriers or the airline carriers. There is a constant volatility in oil prices, they are affected by these increases and therefore reflect them onto their freight prices.
This is a floating surcharge that the Carrier’s can change when oil prices rise or fall. It is called BAF as we mentioned above.

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CMA CGM Strengthens Asia-East Coast South America Links

French container shipping major CMA CGM has upgraded its SEAS1 and SEAS2 services, now providing two departures per week between Asia and the East Coast of South America.
Starting from January 20, 2017, the SEAS1 service will directly connect China, Hong Kong, Singapore, Brazil, Uruguay, and Argentina.

DP World Starts Operating Saint John Canada Terminal

Free time is the most important cost factor in ocean shipping that most companies ignore.

How so? Not considering free time contributes to unnecessary detention and demurrage costs on up to 25% of ocean freight shipments, according to one of the world’s largest NVOCCs.This growing issue affects logistics services providers and shippers alike, and is exasperated by the current state of the ocean cargo markets – specifically with regards to the ongoing problem of port congestion.

How to Use Free Time to Reduce Detention and Demurrage

Free time is the most important cost factor in ocean shipping that most companies ignore.
How so? Not considering free time contributes to unnecessary detention and demurrage costs on up to 25% of ocean freight shipments, according to one of the world’s largest NVOCCs.

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Berge Bulk Adds Sixth Handysize

Singapore-based dry bulk owner and operator Berge Bulk took delivery of Berge Rishiri, its sixth Handysize vessel, from Japan’s Namura Shipyard on January 16, 2017.
The company decided to diversify into the Handysize market and ordered the six 34,000 dwt vessels from the Japanese shipyard in 2013.

DCT Gdansk Handles Record Container Volume

Polish Port of Gdansk’s Deepwater Container Terminal (DCT) concluded 2016 with an operational result at the level of 1.3 million TEUs, representing a record in the history of the terminal.

The record number of containers was driven by a number of factors, including the growing need for directs calls of oceanic container vessels in the Baltic, as well as the visible growth of cargo targeted at Eastern and Central Europe markets.Already in October 2016 the number of containers exceeded the overall result of 1.06 million TEUs seen in 2015, as the second berth at the Gdansk’s DCT was officially opened.

Guangdong Enterprises Tapping Belt and Road Opportunities（1）

Huizhou Welon Ventures into Sporting Goods Market in Southeast Asia

At present, Huizhou-based Welon (China) Ltd is looking to expand its own-brand business in Southeast Asia. The company hopes to use its mainland and overseas designing and technological resources to develop high-end indoor and outdoor sporting goods. Welon provides ODM services to famous mainland and international brands. It also uses the brand advantage of foreign partners to open up both domestic and overseas markets.

#Goodmorningenergy One today is worth two tomorrows.
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www.sowoll.com

Finland, China to Join Convention on Removal of Wrecks

Finland and China are scheduled to join The Nairobi International Convention On The Removal of Wrecks starting from January 27 and February 11, 2017, respectively...

Gener8 Maritime Adds New ECO VLCC

US-based crude oil shipping company Gener8 Maritime has taken delivery of the ECO very large crude carrier (VLCC) Gener8 Hector from Hanjin Heavy Industries and Construction Philippines, Inc.   Gener8 Hector, which was delivered on January 6, 2017, represents the nineteenth of 21 ECO VLCCs expected to be delivered into Gener8 Maritime’s fleet. Upon delivery, the Gener8 Hector entered Navig8 Group’s VL8 Pool. In late November 2016, the company expanded its fleet with the eighteenth VLCC from the batch, Gener8 Theseus, which also entered the VL8 Pool upon delivery. 

Diana Shipping Secures Work for Two Bulkers

Athens-based dry bulk owner Diana Shipping has entered into a time charter contract for its 2013-built Capesize dry bulk vessels P. S. Palios with Singapore’s Koch Shipping.

Under the agreement, the 179,134 dwt bulker will be employed for a period of twelve to sixteen months at a gross charter rate of USD 10,550 per day.The charter is expected to commence on January 21, 2017.

United States Top 10 Major Export Companies

Three computer industry titans, two mammoth petroleum conglomerates and two gigantic automotive brands dominate the list of United States top 10 major export companies. Our rankings were determined based on company asset value as of May 2016.

Also placing on the list were global businesses that produce pharmaceuticals, medical supplies as well as household supplies and personal care items.

#Goodmorningenergy 　Chance favors the prepared mind.
Morning Monday~
www.sowoll.com

Gener8 Maritime Adds New ECO VLCC

US-based crude oil shipping company Gener8 Maritime has taken delivery of the ECO very large crude carrier (VLCC) Gener8 Hector from Hanjin Heavy Industries and Construction Philippines, Inc.

Gener8 Hector, which was delivered on January 6, 2017, represents the nineteenth of 21 ECO VLCCs expected to be delivered into Gener8 Maritime’s fleet.Upon delivery, the Gener8 Hector entered Navig8 Group’s VL8 Pool.

Diana Shipping Secures Work for Two Bulkers

Athens-based dry bulk owner Diana Shipping has entered into a time charter contract for its 2013-built Capesize dry bulk vessels P. S. Palios with Singapore’s Koch Shipping.

Under the agreement, the 179,134 dwt bulker will be employed for a period of twelve to sixteen months at a gross charter rate of USD 10,550 per day.The charter is expected to commence on January 21, 2017.

United States Top 10 Major Export Companies

Three computer industry titans, two mammoth petroleum conglomerates and two gigantic automotive brands dominate the list of United States top 10 major export companies. Our rankings were determined based on company asset value as of May 2016.

Also placing on the list were global businesses that produce pharmaceuticals, medical supplies as well as household supplies and personal care items.

#Goodmorningenergy 　Chance favors the prepared mind.
Morning Monday~
www.sowoll.com

Latest News: MOL, MSC Team Up on CX1 Service

Japanese shipping company Mitsui O.S.K. Lines (MOL) has formed a new partnership with Swiss-based shipping firm Mediterranean Shipping Company (MSC) in an effort to jointly operate MOL’s CX1 containership service on the Panama and Amazon route.

The CX1 service will add weekly coverage from Manaus to the Panamanian hub of Manzanillo, MOL said...

MR2 Newbuilding Joins Maersk Tankers’ Fleet

Maersk Tankers, part of the Danish shipping conglomerate Maersk, has taken delivery of Maersk Timaru, a 51,800 dwt product tanker, from South Korea’s Sungdong shipyard.
Completed in late October 2016, the MR2 tanker is part of Maersk Tankers’ investment in 19 new vessels, which is aimed at renewing parts of the company’s fleet...

Four Ways Technology Helps Freight Forwarders Reduce Risk

Freight forwarders and NVOCCs face a lot of every day risks in their business that technology can easily solve. Many of them are the result of exposure to the routine challenge of managing the complexities of global shipping – like rate management, responding to RFQs, and general competition in the market place.

Still, many companies are slow to adopt technology solutions that help overcome these types of challenges. The failure of companies to keep up in this way is a mistake – here are four ways technology enables freight forwarders to reduce key risks in their business, and for their customers.

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Morning everyone~
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Two Dead, Four Missing in Collision off South Korea

Two fishermen lost their lives in a collision between the 37,700 dwt bulk carrier MV Inspiration Lake and a fishing boat in the early morning hours on January 10.

One of the crew has been rescued while a search for the remaining four crew members of the fishing boat is currently ongoing, Regina Bulkship, the owner of the bulk carrier, said.Following the collision, which occurred near Port of Pohang, South Korea, the fishing boat capsized.The Korean Navy and Korean Coast Guard are currently on site to coordinate the rescue operation.

Alphaliner: Number of Large-Scale Carriers Shrinks

The harsh conditions in the container shipping market during the 2016 have led to a drop of large-scale international carriers to 17 as at January 2017, down from 20 a year ago, according to Alphaliner.

China Freight Shipping Rates: A Basic Guide

International shipping rates are the price at which a specific shipment is delivered from one place to another. This can depend on:
    The mode of transport (air freight, ocean freight, rail freight, or road freight)
    The weight or volume of the shipment
    The nature of the shipment (dry or fluid, general or dangerous, regular or refrigerated)
    The form of the shipment (containerised – FCL/LCL, or not) 

As a shipping company both local and global, our job is providing china freight forwarding services for international delivery. We are always trying to provide you a quick and clear amount, when you are requesting a cargo ship quote from us. But in fact, the process behind the scenes is more complicated than the total price you got seem to be...

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Strike Looms Over Eimskip

Icelandic shipping company Eimskip could see a portion of its employees working on the company’s containerships take industrial action after not reaching an agreement with one of the unions.

Eimskip’s vessel crewmen who are members of the Iceland Seaman’s Union could go on strike on January 16 if the agreement is not reached by then, Eimskip said.

Major US Retail Ports Busy During Holidays

Imports at the major US retail container ports saw a larger than expected increase during the industry’s busy holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and consulting firm Hackett Associates.

Ports covered by Global Port Tracker handled 1.64 million TEU in November, the latest month for which after-the-fact numbers are available. That was down 1.6 percent from October since most imported holiday merchandise had already arrived but up 11.2 percent from November 2015. Global Port Tracker had previously predicted a year-over-year increase of 3.6 percent, according to NRF.

The Implications of e-Business Disruptions in Global Freight Forwarding

Innovative technology and e-centered business models are changing the international shipping industry drastically.  In their white paper, e-Business in Forwarding – Threats and Opportunities, Drewry Supply Chain Advisors examine the effects of technological advancements in online forwarding on freight forwarders and ocean carriers. They argue that the move to more technology based platforms and tools creates both threats and opportunities in the industry.