Largest Container Ships Help Hyundai Heavy Crack China: Freight

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Category: Mercados - Fletes- Cotizaciones
Published on Wednesday, 24 December 2014 06:00
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Largest Container Ships Help Hyundai Heavy Crack China: Freight

  • By Kyunghee Park and Jasmine Wang May 10, 2013 3:26 AM GMT+0200
     
    http://www.bloomberg.com/news/2013-05-09/largest-container-ships-help-hyundai-heavy-crack-china-freight.html
     
    Hyundai Heavy Industries Co. (009540) failed for eight years to win ship orders from China. That ended when it pledged to build the world’s biggest container carrier.

    China Shipping Container Lines Co. (2866) this week said it chose Hyundai Heavy to construct five vessels that can each carry 18,400 20-foot boxes. The world’s biggest yard, which has already won orders for five 14,000-box vessels this year, beat Chinese builders for the $683 million contract.

    Rising demand for bigger and more fuel-efficient ships from lines including A.P. Moeller-Maersk A/S (MAERSKB)will help South Korean yards boost profits amid an overall slump in

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Asian VLCC Rates Jump to Nine-Month High

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Published on Thursday, 11 December 2014 11:04
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Asian VLCC Rates Jump to Nine-Month High

Worldscale rates for hiring VLCCs to haul crude from the Middle East to Far East Asia hit a nine-month high Tuesday, December 9, Platts writes citing shipping sources.

The record level of hiring rates has been attributed to strong resistance from owners and fall in the availability of tonnage for December loading dates.

Owners were heard seeking w70 or more for the Persian Gulf to Japan route, according to Platts’ sources.

“The key VLCC Persian Gulf-Japan rate was assessed up w8.25 day on day at w68.5 basis 265,000 mt Tuesday.  It was last higher January 24, after hitting a year-to-date high of w73 on January 22,” Platts said.

VLCC owners were not expected to accept below w70 after w69 was attained for PTT’s cargo, ship brokers told Platts.

As reported, there were still outstanding VLCC cargoes for December loading dates, including end December PG-East requirements from charterers Day Harvest and Shell.

W.Maritime

 

 

 

France pursues new rules to boost Med LNG imports despite flat PEG gas prices

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Published on Sunday, 07 December 2014 20:57
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Paris (Platts)--5Dec2014/738 am EST/1238 GMT

 

French energy regulator CRE will continue to develop new measures to boost demand for LNG into the PEG Sud gas market despite the recent convergence of PEG Nord and PEG Sud prices, Dominique Jamme, director of gas infrastructure at the regulator, said this week.

CRE expects to make a final decision by the end of this year on new measures which would lengthen the visibility window for short-term delivery slots at the Mediterranean 97 TWh/year Fos Cavaou and 57 TWh/year Fos Tonkin LNG terminals, he told Platts in an interview.

This follows a public consultation held until November 21.

Infrastructure limitations between France's northern and southern grids, high demand for gas toward Spain and dwindling LNG imports,

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Tanker earnings

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Published on Sunday, 07 December 2014 20:25
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Impact of oil prices on Teekay’s tanker earnings

By Katie Dale  • Dec 5, 2014 2:53 pm EST

Tanker earnings

Brent oil benchmark prices have been the lowest since November 2010. This was 25% lower than levels experienced at the recent peak in July of 2014, mainly due to supply exceeding demand. The dip in prices was caused by surplus of light sweet crude in the Atlantic region and the return of Libyan volumes. Broader industry factors include a continued increase in U.S. shale production and recent downward revisions to global gross domestic product (or GDP) and oil demand. After the Vienna meet, Brent oil prices have dipped to a five-year low of $68.

 

Enlarge Graph

 

Teekay Tankers believes that these lower oil prices are likely to persist in the near term as the Organization of the Petroleum Exporting Countries (or OPEC) appears ready to maintain current production levels and compete on price by lowering its official selling prices (or OSPs

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 http://marketrealist.com/2014/12/teekay-tankers-overview-earnings-fleet/