International Freight Shipping

News relating to the import and export business, including customs, current economics and more.

Commentary

 
2012’s container shipping rally produced rising freight rates that brought liner operators back to profitability. But with the market at another ebb, liner companies collectively must keep a cool head and resist the temptation to engage in a price war that would jeopardize a sustainable recovery.

News & Analysis

Bunker Fuel Prices - Rotterdam. Source: Bunkervision via LQM Petroleum Services, Inc
 
20 May 2013
Spot prices dropped for both high and low sulfur bunker fuel in Rotterdam in the week of May 17, according to daily Bunkervision price data via international marine fuel oil broker LQM Petroleum Services Inc.
 
15 May 2013
Wilson Sons reported net income in the first quarter of 2013 totaled $19.5 million, jumping 169.7 percent from $7.2 million in the first quarter of 2012.
 
14 May 2013
New regulations for the non-tank vessel response plans will be discussed at the 2013 National Maritime Salvage Conference, taking place from Sept. 9-12 at the Key Bridge Marriott Hotel in Arlington, Va.
 
13 May 2013
Gati Ltd. has sold a 40 percent stake in its shipping subsidiary, Gati Ship Pvt. Ltd., to a strategic partner for Rs. 8 crore (about $1.5 million).
Bunker Fuel Prices - Rotterdam. Source: Bunkervision via LQM Petroleum Services, Inc
 
13 May 2013
Spot rates for low sulfur bunker fuel jumped 4.4 percent in the week of May 10, according to daily Bunkervision price data via international marine fuel oil broker LQM Petroleum Services Inc.
 
09 May 2013
Japanese ocean carrier Mitsui O.S.K. Lines announced plans to launch an India-Southeast Asia roll-on, roll-off service, later this month.
Ocean Shipping Container Availability Report, May 8. Source: U.S. Department of Agriculture
 
09 May 2013
The number of 40-foot containers available for export in Minneapolis saw a fourth week below zero in the week of May 8, according to the U.S. Department of Agriculture's weekly Ocean Shipping Container Availability Report.
 
08 May 2013
At least seven people have died, two are missing and five are injured after a roll-on, roll-off container ship slammed into a control tower at the Italian port of Genoa.
Bunker Fuel Prices - Rotterdam. Source: Bunkervision via LQM Petroleum Services, Inc
 
06 May 2013
Spot rates for high and low sulfur bunker fuel rebounded in the week of May 3 after sliding earlier in the month, according to daily Bunkervision price data via international marine fuel oil broker LQM Petroleum Services, Inc.
Panama-Suez Canal comparison
 
03 May 2013
Container shipping lines are shifting more of their all-water services from Asia to the U.S. East Coast to the Suez Canal route, instead of sailing through the Panama Canal.