New coal terminal for SA

ARGENTINA has tendered for 12 liquefied natural gas cargoes to be imported from March to September, one of the largest seen in the spot market so far this year, writes Martyn Wingrove .

OWNERS operating panamax bulk carriers in the Atlantic basin can expect another week of firming charter rates as rising port congestion leaves less ships available for hire.

All prices shown in Worldscale

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TRADING activity in crude tanker derivatives is forecast to fall in the second quarter as refiners and oil traders are expected to cut back on Middle East crude shipments to Asia.

PROSPECTS in 2010 remain depressed for the world’s estimated 1,160 reefer vessels, with rates to remain below five-year averages, even though the ageing global feet is set to shrink further as the eldest are scrapped and little fresh tonnage begins trading.

Index basis: 45,000 dwt bulk carrier max 15 years, 25 t cranes with nil grabs, 14k/29.5 ifo, no diesel at sea

Index basis: 45,000 dwt bulk carrier max 15 years, 25 t cranes with nil grabs, 14k/29.5 ifo, no diesel at sea

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