Environment surveillance

09-Jun-2011

Containership supply growth will be less constrained in future by late newbuilding deliveries that have been a feature of the market over the past three years.

Turkish shipowner Ytodayax tanker Yasa Polaris for one year at a respectable rate in line with the market price, as the suezmax one-year period market continues to provide a rare oasis of calm amid a sea of tanker volatility

Rates stuck at around $40 per tonne with little immediate improvement

Japan’s Nippon Yusen Kaisha has signed a four-year charter agreement to transport liquefied natural gas for French energy provider GDF Suez, positioning itself to beat the expected LNG gold rush with shorter contracts

Traditional approaches are increasingly being regarded as inadequate to meet the latest accounting rules’ more stringent requirements

Price of $15m for 148,500 dwt Suzaku reflects falling values, but it may spur some opportunistic buyers to enter the sector

The Baltic Exchange’s determination to keep pace with the fast moving world of trading was cemented as its new, long-awaited, electronic screen for dry freight derivatives finally carried out its first trade today

Supply of tankers available to ship crude from the Middle East Gulf remains below 70

Market is balanced with expectations of rising activity on coal routes providing support, but ample tonnage remains available