Cargo Delivery – Deliver Journal Mon, 21 Jun 2021 21:42:59 +0000 en-US hourly 1 Cargo Delivery – Deliver Journal 32 32 Chinese port jam threatens Christmas shipping rush Mon, 21 Jun 2021 20:29:00 +0000

The latest obstacle to global shipping is likely to shake trade flows for several more weeks and could delay shipments as the year-end shopping season approaches.

Shipping officials say around 50 container ships remain stranded around the port of Yantian in southern China and some 350,000 loaded containers are stacked at the docks, the main gateway for Chinese goods to destination of Western countries struggling to recover from a Covid-19 epidemic that disrupted operations there.

Ship bottlenecks began in late May when a coronavirus outbreak forced authorities to shut down parts of Guangdong province, which is home to Yantian, one of the world’s busiest ports and a major gateway for containerized exports such as electronics, furniture, household appliances and auto parts. .

Yantian officials say freight forwarding operations that normally handle around 36,000 containers per day have returned to 70 percent of capacity, from 30 percent earlier this month. But the queue of ships is so long that cruise ship operators divert their ships to nearby ports which are also inundated with containers.

“Removing the big pile of export cargoes waiting for Yantian will be a challenge,” said Lars Jensen, managing director of Danish company Vespucci Maritime. “We are entering the peak season with a serious shortage of capacity and in order to clear the backlog, ships will have to be diverted from other ports in Asia, but there are not enough ships available.”

German Hapag-Lloyd AG

, the world’s fifth-largest container operator in terms of capacity, according to maritime data provider Alphaliner, said there were around 50 vessels waiting to call at Yantian, up from 70 last week.

“The line of ships is getting smaller, but everyone is still docked,” company spokesman Nils Haupt said. “Capacity will remain limited in the fourth quarter, which could affect the year-end shopping season and put further pressure on freight rates.”

The stalemate is the latest in a series of disruptions that have hit supply chains around the world this year, resulting in shortages of everything from raw materials to consumer goods, increasing costs for manufacturers and retailers and undermining corporate attempts to capitalize on resurgent demand in Western economies.

The weeklong blockade of the Suez Canal in March caused by a stranded container ship delayed deliveries of about 250,000 containers by about a month.

Ship safeguards still hamper transportation through the California ports of Los Angeles and Long Beach, which are the United States’ largest gateway for Asian imports. An offshore bottleneck has eased since the first quarter, with nine container ships awaiting berth over the weekend of June 19, up from a high of around 40 in the first quarter, according to the Marine Exchange of Southern California. But shipping lines and their customers are reporting increasing delays in moving goods inland due to congestion and cargo equipment shortages.

The demand for boxships is mainly driven by western retailers such as Walmart Inc.

and Inc.

who scrambled to restock after a year of supply chain disruptions from the pandemic.

At Palmer & Purchase, a women’s clothing and accessories boutique in Rye, NY, owner Abbie Durkin tries to make sure the winter line arrives before the holidays.

“It will be a race to get a full line of merchandise by Christmas,” she said.

On average, 30 container ships a day are stranded outside the ports of Los Angeles and Long Beach, just waiting to deliver their goods. The backlog is part of a global supply chain mess spurred by the pandemic that means consumers could see delivery delays for weeks. Composite photo: Adam Falk / The Wall Street Journal (Video of 12/4/21)

Congestion increases costs for shipping customers as they search for space and see goods stuck in overloaded distribution channels. The price of shipping a 40ft sea container from China to ports on the west coast of the United States was quoted last Friday at $ 6,614, up 57% from the start of the year and 386% more than in January of last year, according to the Freightos Baltic index.

“It’s been a disaster for transportation and logistics,” said Jay Duehring, who manages logistics and commerce for Specialized Bicycle Components Inc., a California-based company that imports approximately 1 million bikes a year. “Our transportation costs have tripled compared to last year and delivery times have doubled to almost two months. With the start of the high season, the rest of the year will be extremely difficult, especially after the Yantian disruption. “

Hapag-Lloyd and other large container ship operators including Denmark’s AP Moller-Maersk A / S and France’s CMA CGM SA expect peak year-end import season to be in full swing early July instead of August, which is the case in normal years.

“This is an excessively high demand crisis and a severe shortage of space for empty ships and containers,” said Alan Murphy, CEO of Denmark-based shipping consultancy Sea Intelligence ApS. “Any kind of disruption like Yantian can create a lot of mess for an extended period of time, so don’t be surprised if your Christmas shopping list is short.”

Write to Costas Paris at

Copyright © 2020 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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What is the best vehicle warehouse location in GTA Online? Sat, 19 Jun 2021 16:48:25 +0000

Climbing the financial ladder in GTA Online might not be a walk in the park, but it certainly isn’t impossible to do.

There are several ways to make money in GTA Online, each more lucrative than the next. Import / Export, in particular, is one of the most popular ways to make money in GTA Online.

To start an import / export business in GTA Online, players will first need to register as a CEO and purchase an office. After buying an office, they can invest in a warehouse and start making a lot of money.

There are two types of warehouses in GTA Online:

  • Vehicle warehouse.
  • Special freight warehouse.

It should be noted that if the import / export is extremely profitable, it requires large investments.

Warehouses are valuable properties and cost a good chunk of money, which is why players need to make sure that the one they invest in guarantees a substantial return on their investment.

The general rule for warehouses is that they should be in the center of most delivery locations and have good access.

The most profitable vehicle warehouse in GTA Online

Unlike special goods warehouses, the profitability of a vehicle warehouse does not depend on its size. The most profitable warehouses are those that are close to the CEO’s office and have good access.

La Puerta is arguably the best warehouse of vehicles in GTA Online. Not only is it close to the CEO’s office, it’s also close to the Marina Helipad, allowing the player to generate a Pegasus Cargobob to deliver stolen vehicles.

Having said that, the warehouse in La Puerta is expensive. Priced at $ 2,735,000, that’s quite expensive for cash-strapped gamers. An affordable alternative to the warehouse in La Puerta is easily the one in La Mesa.

Not only is the warehouse in La Mesa incredibly affordable, it’s also central enough for most delivery locations. Additionally, with the warehouse in La Mesa, players can also use a Cargobob to make deliveries as they will only have to land at about roof height before the game automatically activates the cutscene.

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Reclining Ro-Pax ‘Stena Scandica’ ready for service in the Baltic Sea Fri, 18 Jun 2021 21:30:22 +0000

Stockholm-based Stena RoRo has taken delivery of the reclining passenger ship (Ro-Pax) Stena Scandica for operation in the Baltic Sea.

Formerly named Stena Lagan, the ship arrived at the Sedef Shipyard in Tuzla, Turkey, near Istanbul, in August to undergo a conversion to lengthen the ship to 36 meters. The vessel was split in two and a new mid-section was inserted in place, giving the vessel a new overall length of 222 meters. The aspect ratio increases cargo capacity by around 30 percent, to 2,875 meters of freight, while the number of cabins is also increased by 80, bringing its total to 202 cabins and 970 total passengers.

After a 10-day maiden voyage, the Stena Scandica will enter service on the Stena Line route between Nynäshamn in Sweden and Ventspils, Latvia, scheduled to kick off next month.

The pictures show the extension conversion at different stages of the lengthening process. Image courtesy of Stena RoRo

Stena Scandica’s sister ship the Stena Baltica (formerly the Stena Mersey) is undergoing the same in-depth transformation and is expected to be ready this fall. Both ships were built in 2005 and previously sailed the Stena Line route between Belfast and Birkenhead.

“Expanding a ship is a cost effective way to increase cargo capacity, while also making room for more passengers,” says Per Westling, Managing Director of Stena RoRo AB. “The new interior design and the application of modern technology imply an improved passenger concept, with more efficient operation and lower emissions per unit of cargo.”

Stena RoRo is part of Stena Line, one of Europe’s leading ferry companies with 37 ships and 17 routes in Northern Europe. Once completed, Stena Baltica will also join Stena Scandica in the Baltic Sea, as part of Stena Line’s expansion in the region.

“The delivery of the modern and efficient large ship Stena Scandica is an important milestone for Stena Line and allows us to continue to grow with our Baltic Sea customers. During the year we will increase capacity by 30% on the Nynäshamn-Ventspils route and by 40% on the Liepaja-Travemünde route ”, said Niclas Mårtensson, CEO of Stena Line.

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Elon Musk’s Boring Co. launches double-width tunnels Fri, 18 Jun 2021 17:02:55 +0000

Elon Musk’s tunneling startup The Boring Co. is working on tunnels much wider than those publicly advertised, which could significantly expand the reach of the company.

The tunnels the company offers to some potential customers are 21 feet in diameter, eclipsing the 12-foot tunnels that Boring Co. has built to date.

The wider passageway would accommodate two shipping containers side by side, according to a copy of a pitch obtained by Bloomberg.

The larger tunnels would represent a major expansion in the reach of Boring Co., which has so far worked on tunnel systems designed to carry passengers.

When the company started in 2016, Musk spoke of tunnels several hundred miles long for high-speed transport that could “solve the traffic.”

But the company recently lowered its targets, launching shorter projects in cities. Most recently, he completed a 1.7 mile tunnel under Las Vegas.

Boring Co. did not respond to requests for comment.

The new terrain for the freight tunnel business planned by Boring Co. shows three ways in which freight could be transported through its tunnels. One image shows a standard 8-foot-tall shipping container, which barely fits into a standard Boring Co. tunnel.

The next shows the same container in a much larger 21-foot diameter tunnel, and the last shows two containers placed side by side in the 21-foot tunnel, separated by 1 foot of space.

Either way, the containers sit on what is labeled as “battery powered cargo carriers”. The brackets appear to take the form of a thin rectangular shelf that spans almost the width of the containers.

The proposal “is totally feasible” from an engineering perspective, said Anne Goodchild, founding director of the Supply Chain Transportation & Logistics Center at the University of Washington, who pointed out that many large companies, such as Boeing, have similar tunnels in their facilities. . “You could totally move it in a tunnel.” The constraint, she said, is the cost of finding the right environment where a tunnel performs better than a road.

Boring Co. has marketed its tunnels as significantly cheaper than the competition. In Las Vegas, the bill for his project rose to $ 52.5 million, as convention center officials selected the startup largely because of its lower price than other deals on the project.

This advantage could be eroded if the company expands its tunnels. As the width increases, drilling costs increase even faster, mainly due to the difficulty of removing debris created by the excavation, said Tom Groark, executive director of Moles, a professional organization for the industry. of heavy construction.

But keeping larger tunnels at a standard 21-foot height, instead of building them to custom widths, could help keep costs down. “They adapt the job to the machine, and that’s huge,” Groark said. Normally, he said, once the tunnel boring machines have completed a project, they return to the manufacturer. Then they are modified to fit the next job at a considerable cost.

Transporting goods underground, rather than over congested highways or railroads, has long been a dream of city planners. It turned out to be difficult to achieve due to the expense and regulation involved.

Still, efforts emerge from time to time to push the idea forward. In Switzerland, a group of investors are supporting Cargo Sous Terrain, which aims to build a network of underground tunnels to transport pallets and containers via autonomous vehicles.

The company is awaiting approval from the second chamber of the Swiss parliament, which is due to begin deliberations on the project in the fall, according to a spokesperson.

At the end of 2016, Inc. received a patent for what it called “Dedicated Network Delivery Systems”. It included underground conveyor belts and vacuum tubes to transport containers and packages. It is not known if Amazon has ever seriously tried to build such a system.

Boring Co. is currently negotiating with San Bernardino County in California to build an approximately 4-mile tunnel that would connect a light rail station to the local Ontario International Airport.

The company has set up its wider tunnels in the county, where supervisor Curt Hagman is trying to generate interest in a freight tunnel to relieve congestion on busy roads around Ontario, Chino and neighboring towns, according to reports. documents obtained by Bloomberg.

Dubbed the Inner Harbor, the project has been launched in various forms for decades, and this version remains in the concept stage.

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Organ delivery assisted by drone? Yeah that’s one thing Thu, 17 Jun 2021 21:22:55 +0000

Drone technology has advanced rapidly in recent years, but advocates are still looking to get the most out of unmanned aircraft when it comes to delivering cargo.

This image became a little clearer last month when a developer of unmanned aircraft systems (UAS) from Minnesota successfully used a drone to transport a human pancreas, generating real-time location data on the precious cargo throughout its journey.

The test flight was performed by a Minneapolis-based UAS developer MissionGO in conjunction with LifeSource, an organ procurement organization serving the Upper Midwest, and Mercy Hospital, a healthcare facility located in the Minneapolis suburb of Coon Rapids. MissionGO followed the delivery with its MediGO hardware and software platform, as the plane took off from the hospital, circled 10 miles over the Mississippi River, and then returned to its starting point. Biopsies performed by LifeSource of the pancreas before and after the flight showed that the UAS trip had no negative effect on the organ, the partners said.

The flight followed similar tests in which MissionGO’s UAS vehicles transported a kidney for transplantation and corneas for research, demonstrating that rapid airlift can help transplant groups deliver organs on time to save lives. , according to the company.

As for the sequel, MissionGO reports that recent regulatory changes have positioned it to begin practicing organ delivery in more real-life cases, both from the donor to the transplant hospital and from the donor in Minneapolis-St. Paul International Airport for transportation to other parts of the country.

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Workhorse Group files complaint after losing contract with giant mail truck Wed, 16 Jun 2021 22:31:02 +0000

Workhorse Group has filed a formal complaint with the US Postal Service over the loss of a contract to supply electric mail delivery trucks to the federal agency.

The company has been exploring ways to challenge the loss of the contract to build the next-generation mail truck since it lost the tender to Oshkosh Defense in February.

The two companies were competing for a deal that could be worth more than $ 6 billion in new vehicles as part of the Postal Service’s efforts to modernize its aging fleet of postal trucks.

The post office now uses around 140,000 Grumman long-life vehicles for its main delivery service. Manufactured from 1987 to 1994, they must be replaced. A 2014 audit by the USPS Office of the Inspector found that the current fleet could only meet the agency’s delivery needs in fiscal year 2017.

Workhorse’s proposal would have provided a fleet of electric vehicles. Although the Postal Service has considered using electric vehicles for its new fleet, only 10% of vehicles in Oshkosh’s contract will be electric, Postmaster General Louis DeJoy said in a congressional hearing earlier this year. . This percentage would allow the agency to test the technology and limit the cost of installing chargers in postal facilities.

After losing the contract, Workaholic requested additional information on the decision of the postal service. Its executives met with agency officials in March “to discuss the award and other details of the USPS selection process, details of which cannot be released at this time,” Workhorse said in a press release on Wednesday.

The company is unable to provide further information on this at this time, but will provide updates as necessary and to the extent permitted by its nondisclosure agreement under the USPS NGDV program. “the company said.

Under the terms of the deal, Oshkosh, based in Oshkosh, Wisc., Will be awarded a $ 482 million contract to complete the production design of its mail truck offering. The deal also provides funds for Oshkosh to pay for necessary tooling and factory setup before production begins.

It will be a right-hand drive vehicle specially designed for mail and parcel delivery. The design will allow the vehicle to be equipped with either an internal combustion engine or a battery-powered electric powertrain. The Postal Service asked Oshkosh to ensure that the electric truck can be modernized to keep pace with technological advancements in electric vehicles.

Oshkosh will assemble 50,000 to 165,000 postal trucks over 10 years.

The agency spent more than $ 700 million in 2019 to maintain its current fleet of postal trucks. The average expense was around $ 5,000, but at least 10,000 trucks required, on average, more than $ 12,000 to work.

The Postal Service began planning to replace the fleet with a new, specially designed vehicle more than five years ago. The post office expected to put the first trucks into service in the federal government’s fiscal year 2018. Yet numerous delays, including the latest caused by the COVID-19 pandemic, have hampered the program.

The new vehicles will be a significant improvement over the old trucks now used by letter carriers.

The Postal Service said the new design vehicles would include air conditioning, heating and improved ergonomics. They also benefit from technology now ubiquitous in passenger vehicles, including 360-degree cameras, advanced braking and traction control, airbags, a front and rear collision avoidance system that includes alerts and braking. automatic emergency.

The new postal trucks will have a larger load capacity designed to handle the boom in e-commerce.

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Dampskibsselskabet NORDEN A / S (the “Company” or “NORDEN”) has mandated Pareto Securities and SEB as Joint Lead Managers and Bookrunners to organize a series of fixed income tenders starting Wednesday, June 16, 2021. A 3-year dollar denominated in USD a senior unsecured non-redeemable bond issue with a maximum issue amount of US $ 150 million and an expected initial issue amount of up to US $ 100 million could follow, subject, among other things, to market conditions.

The bond issue is part of NORDEN’s plan to diversify its financing. The net proceeds from the bond issuance will be used for general corporate purposes, which includes, among other things, working capital financing related to growth and attractive business opportunities primarily in the dry freight market. .

For more information:

Martin Badsted, CFO, tel. : +45 3067 5894, e-mail:

Thomas France, Investor Communications Partner, tel. : +45 3273 0629, e-mail:


NORDEN was founded in 1871, making it one of Denmark’s oldest shipping companies operating internationally. The Company provides dry cargo and petroleum product transportation services globally and offers shareholders profits from advanced operator activities implemented by a highly skilled organization, in addition to cyclical exposure to dry cargo and petroleum products markets. With 11 offices on 6 continents, NORDEN is an integral part of the global commodity trade – providing reliable, safe and compliant transport solutions to customers around the world. More information can be found on the Company’s website:

Yours truly,

Dampskibsselskabet NORDEN A / S

Martin badsted


  • N ° 69 NORDEN – Mandate announcement

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VW Places Carbon Neutral Exports on Top of Priority for Electric Vehicle Deliveries in the United States | New Tue, 15 Jun 2021 10:05:19 +0000

The automaker is committed to ensuring that the manufacture and delivery of the Electric ID Series is carbon neutral, including for its supply chain and logistics. This is also part of the automaker’s ‘goTOzero impact logistics’ strategy, which focuses on green rail transport (in Germany) and the use of liquefied natural gas (LNG)-powered ocean-going car carriers for deliveries. abroad.

VW moves ID.4s from Zwickau by train to the port of Emden, which is dedicated to handling VW vehicles for export. As part of the goTOzero strategy, the VW Group aims to switch all vehicles it moves in Germany with public rail provider Deutsche Bahn (DB) to “green electricity” by the end of this year. This also applies to parts and materials, and as has been reported elsewhere, the life cycle of the ID.4 is consistent with this strategy as battery modules and battery systems for the ID .4 are delivered to the factories in Braunschweig and Zwickau by rail.

“In Germany and Austria, we have already switched our rail transport, including equipment and vehicles, to green electricity with the leading German transport company DB Cargo,” confirmed a spokesperson for VW Group Logistics.

By green electricity, VW means the energy produced by wind farms and hydropower plants. In addition, the automaker said last year that it intends to increase the number of vehicles transported by rail in Germany to 60% by 2022, an 8% increase from the number currently moved.

“Task [of goTOzero] is to minimize environmental impacts [and] in logistics, we operate according to the principles of avoid, reduce, convert and compensate, ”said a spokesperson for the automaker. “LNG ships and rail transport, powered as much as possible by electricity produced from renewable sources, are important steps in this regard. “

Scott Mabry of Volkswagen Group of America will discuss sustainable vehicle logistics at the 2021 Finished Vehicle Logistics North America Live conference, which will be held June 22-23.

LNG car carriers
At the port of Emden, ID.4 electric vehicles are loaded onto car transporter ships along with other VW Group models (including other battery electric and plug-in hybrid models). VW uses a total of nine vessels on the North Atlantic route as part of its weekly in-house charter service.


Currently this includes two LNG vessels chartered by Siem Car Carriers – the Siem Confucius and Siem Aristotle, each with a capacity of 4,800 vehicle units. They deliver ID.4s to the US ports of Davisville (Rhode Island), Baltimore (Maryland) and Jacksonville (Florida) on the east coast, and Houston (Texas) on the Gulf coast. VW is also looking to confirm two ports on the west coast of the United States.

It takes 27 days for vehicles to reach the first US port from the time they leave the Zwickau plant. Upon arrival in the United States, the ID.4 is treated from a processing standpoint like any other vehicle delivered to its side, both EV and those driven by a conventional internal combustion engine (ICE).

“We have several other BEVs [battery EV] and PHEV [plug-in hybrid] VW Group vehicles of America [VWGoA] family, ”said a spokesperson for the automaker’s US division. “With some differentiation in handling battery charging requirements, these cars are handed over to carriers for dealer delivery with our ICE. [internal combustion engine] Vehicles. “

VWGoA works at eight locations in the United States for these services and terminal operations are provided by Amports, Mid-Texas International, Norad, Pasha and Wallenius Wilhelmsen.

Read the full article detailing the sustainable delivery of the ID.4 by VW from Europe to the United States in the upcoming summer issue of Automotive Logistics and Finished Vehicle Logistics magazine, published in July.

Multimodal strategy
VWGoA does not have the same setup for green rail transport in the United States, but has stated that it is committed to offering an optimized multimodal delivery service that combines rail and truck, and that includes pick-up. the weight of the heavier electric SUV.

“The ID.4 is shipped by train and by truck,” VWGoA said. “We did not see any problem with the weight on the rail side. [and] with appropriate load planning and product mix. Although heavier, the ID.4 did not have a significant impact on the load factor [on the road]. “

The automaker works with 25 contract road transport partners in the United States and meets with them regularly to discuss sustainability and environmental goals, according to the automaker.

“We continue to have discussions with our carrier partners on the development of efficient, safe and cost effective solutions that implement alternative fuel measures for our vehicle deliveries,” said the spokesperson for Volkswagen in the United States. .

Outbound transportation planning is done for VW and Audi brand vehicles in the United States by the Vehicle Logistics team in Reston, Virginia (and there are similar teams in Canada and Mexico).

Looking ahead to the future of electric vehicle development in the United States, VW said it was encouraged by the Biden administration’s support for electric vehicles and applauded the government’s efforts to mitigate the negative effects. battery and semiconductor shortages.

“The administration needs to ensure that EV policies support, rather than fork, the market so that the United States remains a leader in electric mobility,” said the VWGoA spokesperson. “Only policies that create a strong, fair and comprehensive electric vehicle market will accelerate consumer adoption and create the national centers of gravity necessary to attract electric vehicle innovation and manufacturing to the United States. “

VWGoA intends to start production of the ID.4 at its plant in Chattanooga, Tennessee, from 2022.

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Poseidon simulator arrives in Scotland aboard giant cargo plane Mon, 14 Jun 2021 16:14:25 +0000

One of the world’s largest transport aircraft helped deliver a P-8A Poseidon aircraft simulator to RAF Lossiemouth in Scotland.

The Antonov AN-124 landed at Glasgow Prestwick Airport from Florida, handing over a second operational flight trainer for use at the modernized airbase.

Trucks will transport the 9.5 ton simulator the remainder of the trip to RAF Lossiemouth by Friday evening.

The flight simulator is the second of two to be installed in a new £ 100million facility at the base, supporting pilots flying the new UK Poseidon fleet.

“Its size makes it too big to be carried by any RAF aircraft,” said Mark Corden, project manager for training in the Poseidon delivery team at Defense Equipment and Support.

“The Antonov is one of the few planes in the world that is big enough to carry it.”

The training scenarios will be reproduced using the kit, thus reducing the training costs of fighter submarine jets.

The simulator will be transported to RAF Lossiemouth by road from Glasgow, where it landed on the Antonov cargo plane (Photo: RAF).

The simulators are “exact replicas of the aircraft cockpit and will incorporate very high definition visual display systems,” added Corden.

RAF Lossiemouth’s strategic facility spans over 33,000 square meters and is also home to two squadrons.

Electronic classrooms will also be available, as part of larger base renovations costing more than £ 400million.

Equipped with sensors and weapon systems designed for anti-submarine warfare, the P-8A will also perform surveillance and search and rescue missions, according to the RAF.

The new base at Moray is expected to house the nine maritime patrol planes by the end of the year.

The RAF owns more than half of these P-8As at Lossiemouth, while the sixth of the plane was named “Guernsey’s Reply” last month.

Cover image: Antonov AN-124 in Glasgow (Photo: RAF / Twitter).

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The Capesize market rebounds after a dismal start to the week Sun, 13 Jun 2021 18:00:57 +0000

VSthe size of a monkey

The Capesize market surged in the latter part of the week, erasing most of the losses since the last week of May. The Capesize 5TC opened the week with a relatively paltry $ 20,933, suffered moderate losses early in the week to $ 19,845 before rebounding strongly to close the week at $ 27,752. The paper market was buzzing mid-week as FFA volumes increased and the market felt a turnaround. The North Atlantic, which has experienced difficulties in activity over the past month, has seen an increase in front-end freight which has set at significant premiums compared to the index. The C9 Fronthaul road rose $ 11,385 to close at $ 48,750. From Brazil to the Far East on the C3 route, the start of the week saw two-month loading dates and ships in distress were put to use earlier. By midweek, the focus was on loading the first half of July, when bids to buy mushroomed. While the Pacific tried to maintain some stability early on, increases in western routes prompted owners in the east to stiffen their backs and raise offers. We hear that interest for the period is very strong in the market as traders clamor for ships. The second half of 2021 is expected to challenge the first half.


The Panamax market came to life mid-week, with rates improving thanks to a strong push from South and North America. A fervent FFA market also gave the period market some traction and a series of deals were made at higher levels including a new construction scrubber fitted with a delivery of 82,000 dwt ex Yard China reaching 27 $ 000 for one year of employment. In the Atlantic, the week started on a firm note against tight tonnage in the North. With high demand for minerals and grains, charterers rushed to find deals where owners were willing to stand still. Midweek saw an EC fixation frenzy in South America, which in turn provided additional support to the Asian market which had been relatively stable until then. Offers now for round trips to the Pacific have exceeded $ 30,000, with $ 35,000 set for travel via Indonesia redelivery to Japan.

Ultramax / Supramax

The activity of the period was loaded this week with an open Dangjin fixation of 63,000 dwt for five to seven months at $ 30,000. A similarly sized open Singapore vessel has been set for one year at $ 24,000. An Ultramax Bin Qasim delivery ship for four to six months at $ 32,000. The push from the US Gulf pushed affected Gulf routes to a year’s high, with brokers suggesting that was in large part due to the tonnage shortage in the region. A 61,000 dwt has been set from the east coast of the United States to the mainland at $ 45,000. From the east coast of South America, Ultramax ships were reportedly set for a trip to Japan at $ 22,500 plus a ballast premium of $ 1.25 million, and a 52,000 dwt was set for a voyage in the Philippines at $ 21,000 plus a million dollar ballast bonus. From the Indian Ocean, a delivery of 53,000 dwt to Pakistan has been set for a return trip to the Far East at approximately 36,000 dwt, and a delivery of 56,000 dwt Dammam has been set for travel via the Persian Gulf to the east coast of India at $ 37,000.

Convenient size

Sentiment in Asia has changed in recent days, with all three routes taking positive steps this week. Brokers spoke of more freight in general and slower open tonnage. A 38,000 dwt open in CJK has set a trip to the mainland at $ 28,500. A 33,000 dwt open CJK was priced for travel in the Indonesia-Philippines range at $ 19,000 earlier this week. The Atlantic has seen steady improvements, with brokers saying more cargo is now open on South America’s east coast. A 32,000 dwt has been set from southern Brazil to the mainland at $ 26,000. A 39,000 dwt fixed base SW pass for travel to the mainland at $ 20,000. A 28,000 dwt open Key West June 16-22 has been set for two to three laden trips with a new worldwide delivery at $ 19,000. An open SW Pass of 35,000 dwt in mid-June has been set for three to five months with Redelivery Atlantic outside West and South Africa at $ 20,850.
Source: The Baltic briefing

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