New Ships for Maersk Tankers

Maersk Tankers has confirmed an order for the construction of ten LR2 product tanker vessels at China’s Dalian Shipyard. The new tankers will be delivered over a period of three years, starting in 2019. 

According to Maersk Group,“The newbuilding contract is part of a fleet renewal to sustain a competitive fleet and strong market position in the LR2 segment.” Maersk Tankers said that its year-on-year profit saw a decline from USD 160 million to USD 62 million and thus the deal has a “a unique contractual structure" which takes into account these weaker results.

The declining rates were partly offset by improved commercial performance, contract coverage and cost savings, the company stated in its annual financial report. The earnings decreased by 17%, however that was less than the overall market decline. A total of 11 mid-range (MR) product tankers are set to be delivered through the year 2018.

Greek shipping company Diana Containerships has conducted an agreement with Hapag-Lloyd about ​time charter for one of its 6 Post-Panamax vessels. 5,576 TEU boxship M/V March will work for German shipping giant for the next 9 - 14 months starting from Feb 23. It's expected to earn around USD 2 million during the charter period for Diana Containerships', which, as a reminder, has a fleet of 12 containerships. 

Port Closure

The ports in NY,NJ, and MA will be closed for receiving cargo today due to an incoming snow storm.

We value your patience and understanding during this delay. 
 

Pilbara Port of Australia reached 52 million tons of a total throughput in January 2017, it is 12 % more than the same month in 2016.

A​s per the port authority, they had a growth in cargo volumes regardless operations of Dampier and Hedland ports were suspended due to a tropical low. 

​The Hedland port had 19 %  increase with a monthly throughput of 40.5 million tons. ​The Port of Dampier handled 11,8 million tons last month,  7 % decreasecompering with the previous year. Import raised up to 115 000 tons, which is 53 $ from the last year. 

Port Everglades reached December box record

Florida's port has announced a month record in December, 2016 with 104,590 TEUs shipped through the port. It is the biggest producing month for the past 90 years. Partly, this increase can be connected with the restoration of Costa Rica and Dominican republic markets. At the same time, new record was influenced by agreement between Crowley and Seaboard Marine, when shipping lines started to use Florida port for South America deliveries. 

Port authorities say that TEU growth will continue due to the new Mediterranean Gulf Express (MGX) and  SeaLand’s and APL’s North American Express Services (NAE/ACX).