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Sunday, November 17, 2019

Ports

China’s export container shipping index drops in October

BEIJING, Nov. 17 (Xinhua) -- China's container transport for export purposes saw an overall decrease in October, according to the Shanghai Shipping Exchange (SSE). The average China Containerized Freight Index (CCFI) fell 4.6 percent month...

Ocean freight rates now pointing downward after November rise

After a brief November surge, spot rates for ocean freight appear headed lower again as container volumes disappoint. The rates for China to the U.S. West Coast (SONAR: FBXD.CNAW) are $1,486 per forty-foot equivalent unit...

Lawmakers told foreign ships threatening US maritime sector

Many of the laws governing American ships — considered some of the most stringent in the world — are not being applied to foreign vessels operating in U.S. waters, a spokesman for the U.S.-flag...

Weekly Dry Report

15 November 2019 Bulk report – Week 46 Capesize For most of the week the rates were nudging up under a flurry of activity in the Pacific as levels for the West Australia to China C5 route...

Tanker report – Week 46

15 November 2019 VLCC With at least half of the VLCC market participants meeting in Dubai this week, fixture activity has been sporadic, with rates slipping slightly. However, the market is reported to have bottomed and...

Oil Market Report: Pausing to reflect

The IEA’s World Energy Outlook 2019 published this week highlights the increasing disparity between the calm oil market of today and heightened geopolitical tensions. The calmness is supported by a well-supplied market and high inventories. This...

Baltic index posts losses for fifth straight week

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Friday to register its fifth consecutive weekly decline, as softer panamax and supramax rates offset an...

U.S., India and other major trade partners demand compensation for Brexit-related trade loss

At the World Trade Organization meeting in Geneva, major economic powers like the U.S., India and Brazil that trade with the U.K. have raised concerns on the uncertainty surrounding Brexit, as their commercial losses...

Maersk profits surge despite revenue contraction

Maersk chose profitability over market share in the third quarter as the container shipping giant bolstered its bottom line on lower revenues. A.P. Moller – Maersk (APMM) said its ocean container shipping division generated freight...

Adani Ports reveals large increase in revenues and profits

India’s largest ports and logistics conglomerate, Adani Ports and Special Economic Zone (NSE: AdaniPorts) has reported second quarter company revenues of 33.27 billion Indian rupees ($470.81 million) as of September 30, 2019. That’s a...