Shipping Crisis Deepens

The daily rental rates for Capesize big ships have dropped $234,000 to $7,340 in the last few weeks. Freight rates for shipping are crashing at the fastest pace ever recorded as banks shut off ... of the Baltic Exchange. “Freight rates have never fallen this steeply before. It is telling us that world [more...]

Date: 2008-11-03 00:26:38

Blog posts (118) | Videos (83)
 

How bad have trade gotten for shipping stocks?

I read this article from Lloyd’s List and it looks like i might have been optimistic about shipping companies ... addition. FREIGHT rates in the Asia-Europe trades have crashed to record lows as consumer demand continues ... moneyspinner for container lines last year as volumes expanded by more than 20% and freight rates soared [more...]

Date: 2008-11-02 12:45:32

Do our rulers know enough to avoid a 1930s replay?

Events are moving with lightning speed as the global credit freeze evolves into something awfully like a classic trade-depression ... into the vortex of debt deflation. The freight rates for Capesize vessels used to ship grains ... out, shipping is slowing as fast as it did in the grim months of late 1931. “The crisis is now in full swing [more...]

Date: 2008-10-20 12:34:57

While parcel carriers will accept

Shipments are usually packaged, every and again in the shippers packaging and typically in carrierprovided packaging ... , creating harsh and dirty environment for freight. When obtaining rates from different providers ... by air. Freight packagingUnlike small parcel shipping via delivery company like Federal Express or UPS [more...]

Date: 2008-07-17 18:11:03

Derivative Bets Gone Bad May Worsen Shipping Industry Woes

When it rains, it pours. Amazingly, the list of possible casualties from positions on forward freight agreements includes not only ship owners, ... triggered by the October collapse in rates to charter dry bulk ships. Since short-term dry bulk charter rates fell 71.9 per cent in October, traders and shipowners have worried that traders might [more...]

Date: 2008-11-04 07:26:33

Forwarders look to Africa as major trades slow

Afric Freight Ship Afric Freight Ship Henrik Christensen, chairman and CEO of the China Logistics Club said China’s SME freight forwarders are starting ... 6.1%. He added that with ‘With the falling freight rates and yield on the traditional Asia-Europe [more...]

Date: 2008-10-10 17:54:16

Join our Pilot Car

Register for our Newsletter Name Email Format HTML Text Load Boards Find Freight Find freight across the US in one simple, ... transport, LTL freight shipping, household moving, applicances, transportation. Receive bids from transporters and possibly save up to 60…more Freight Rates and Bidding Submit your freight to receive [more...]

Date: 2008-08-03 00:57:44

Letters of credit must ‘return’ if shipping rates are to improve, claims Varun boss

khatau.jpg Shipping freight rates can return to normal, not ‘super-normal’ levels, ... of the cargo cannot discount the letter of credit then you can’t trade and that lack of trade [more...]

Date: 2008-10-18 10:09:42

FUEL COST CRISIS * USA - Independent truckers daunted by increasing costs and freight rates

* Steady as he goes - “Don’t give up the ship. Fight her till she sinks.” - Capt. James Lawrence, U.S.S ... "more bankruptcies could eventually push freight rates up for the survivors" Asbury Park,NJ,USA -AP ... by, and lackluster freight demand, many are fighting hard just to survive, much less eke out a profit at the end [more...]

Date: 2008-04-23 11:02:04

Discount Shipping

Discount Shipping June 17th, 2008 - 0005 No matter how high the gas prices might rise, Freight & Shipping, Inc. will still have the very best shipping rates of any other logistics or forwarding company in the world. That’s because we have over sixty major trucking companies in our database, and because [more...]

Date: 2008-06-17 05:05:56

The Economic Times: How Olympics brings down ship freight rates

Thanks to gCaptain for his post of it. Swifter, higher and stronger may be the Olympics motto ... become quiet. And that’s great news. ET helps you join the dots between the world’s biggest sports fest ... of a country that has become the world’s factory yard. Since Chinese factories will be shut, they would [more...]

Date: 2008-08-10 05:27:28

Courage Marine 3rd Quarter Announcement

As expected the result was abit chui. The subsequent quarters will really reveal the mantle of this management ... financial crisis has had a significant impact on the shipping industry. Freight rates ... for approximately US$4 million. This vessel will be delivered in mid-November 2008. In line [more...]

Date: 2008-11-10 16:35:12

Sorry folks there’s a depression in the sea air

There’s no drier subject than the Baltic Dry Index ... in June. The Telegraph is reporting that, “Freight rates for shipping are crashing at the fastest pace ... . Calculated at London’s Baltic Exchange, it measures the rental value of the world’s freight [more...]

Date: 2008-10-29 12:11:26

We offer multitude of services that

Choose how quickly packages are sent. Print your label right at your computer! Ship from multiple Locations at once… ... comparisons from top rated carriers. Expedited Services like Next Day, 2nd Day, Ground and more. LTL Freight ... and Expedited Services Want to setup free account? Click Here Free Freight Quote! Compare freight shipping [more...]

Date: 2008-07-13 04:59:19

Houston Company Protecting Environment with Eco-Sheets

Houston Business Journal: Fresh Pak helping give wood pallets the slip, 2008-May-30, by Monica Perin: ... . That translates into potential savings in shipping -- from reduced fuel and freight rates to increased product space -- along with significant environmental benefits, from saving trees to reducing air [more...]

Date: 2008-06-04 23:23:57

Tight credit slows food and energy shipments

Tight credit, low freight rates keeping ships at bay Associated Press November 10, 2008 The growing financial crisis is constraining world trade with a jumbled mess of frozen credit that could mean shortages of food and energy supplies for some countries. Shippers of dry-bulk [more...]

Date: 2008-11-11 02:05:25

Dry Bulk Daily Report

The market has started the week off mixed, with the bigger ships faring better than their smaller counterparts ... a day. If China is serious about reducing iron ore stockpiles (and freight rates), more measures ... Looking forward, there are several issues on the horizon which have the potential to affect freight rates [more...]

Date: 2008-06-02 13:13:43

http://www.forbes.com/opinions/2008/10/30/baldry-baltic-index-oped-cx_sl_1031lee ... have traditionally used; ships having to slash their freight rates to attract business. The whispers ... /servlet/story/LAC.20081031.RIMF31/TPStory/Business:The stories about stagnation in global trade [more...]

Date: 2008-10-31 08:55:42

Investors shun Greek debt as shipping crisis deepens

Investors shun Greek debt as shipping crisis deepens The Baltic Dry Index measuring rates during the term of coal, iron ore, and grains, ... Exchange. “Freight rates have none fallen this steeply before. It is telling us that world trade in raw materials has slowed dramatically. Shippers are having genuine difficulty obtaining letters [more...]

Date: 2008-10-31 00:06:41

Dry-bulk vessel scrapping set to rise

SCRAPPING of aging ships that carry coal, iron ore and other commodities may rise because of an increase in new vessel deliveries starting this year ... during 2008 to 2011 should freight rates reached low enough levels. A total of 47 new cape-sizes ... be likely be removed for demolition this year through 2011 should freight rates drop sharply. [more...]

Date: 2008-10-22 20:21:49

FULFILLMENT SERVICES v. UPS

FULFILLMENT SERVICES v. UPS June 9th, 2008 The Ninth Circuit Court of Appeals today released an opinion in FULFILLMENT SERVICES v. UPS, No ... of shipping rates in the trucking industry. In particular, we consider whether, under § 14704 ... § 13501. Fulfillment Services, Inc., a freight ship. . . Posted in Federal | Comments Off [more...]

Date: 2008-06-09 10:00:00

Globalization: Not such an endangered species after all

How the World Works is not alone in having assumed that the rise of container shipping has been a key globalization-enabler ... technological responses to the heightened trading potential of the period. Freight rates, then, become ... . Technological innovation in maritime transport -- leading to falling freight costs -- is often [more...]

Date: 2008-07-09 21:44:01

Dry bulk trade enters crucial week… once again

Resistance is crumbling down among dry bulk shipping stakeholders who are witnessing one of the worst scenarios unfolding in the sector from the ... . As a result, many analysts are scaling down their predictions for the level of freight rates ... beginning of September until today. The industry’s main freight indicator, the Baltic Dry Index [more...]

Date: 2008-11-04 08:47:02

Balikbayan boxes from Philippines To US

I ‘ve been asked several times about sending balikbayan boxes from the Philippines going to US. There are many freight forwarding companies offering this service via air and their rates ... . I have been trying to find a balikbayan box freight forwarding company that can ship by sea. But most [more...]

Date: 2008-05-17 05:35:49

Ship cancellations & China's Stimulus

These stories appeared over the weekend providing further grist to the mills of shipping Cassandras ... % of global supply). Obviously not the only factor that drove freight rates but a very significant ... workers (and the world's shippers) happy via subsidised over investment in the steel industry [more...]

Date: 2008-11-10 13:05:06

Japan shippers mark bumper year but outlook soft

Japan shippers mark bumper year but outlook soft April 25th, 2008 TOKYO, April 25 (Reuters) - Japanese shipping firms NipponYusen KK (9101 ... into gains from robust demandand higher freight rates. The nation’s biggest marine transport firms ... earnings for both itsdry bulkers and container lines but said it expected a recoveryat its air cargo unit [more...]

Date: 2008-04-25 04:29:59

ship to hawaii

frequent online shoppers know that shipping to the islands can be a frustrating experience from jacked up shipping rates to pad a company's bottom ... , and dispatches all the packages via air freight to hawaii twice a week (ocean freight is also [more...]

Date: 2008-06-25 01:45:09

Scratch Free Auto Shipping - Growing in Trust

Car shipping and transport have been a recent addition to the automotive industry and has grown explosively with the streamlined flow of internet revolution. Freight shipping did exist before, but this method of transporting a vehicle ... , these companies work to make sure that with competitive market rates and worry free friendly service [more...]

Date: 2008-10-13 19:17:47

UK Telegraph: Investors Shun Greek Debt as Shipping Crisis Deepens

Thanks to a reader for emailing this story to me, which follows up on the Friday story we posted ... of the Baltic Exchange. "Freight rates have never fallen this steeply before. It is telling us that world trade in raw materials has slowed dramatically. Shippers are having genuine difficulty [more...]

Date: 2008-11-03 14:15:01

We Offer 35000 Contract Carriers At

www. combinedtransport. com Core Carriers Provides flatbed and specialized trailers ... . com Flatbed Loads Find flatbed loads and freight fast Day Free Trial, Live demo & More www ... to lower your shipping rates. recommend Stevens Inc. recommend The Federal Motor Carrier Safety [more...]

Date: 2008-08-11 14:29:41

Wine To Be Transported by Sailing Ships

Back In February I blogged about Frederic Albert and his Compagnie de Transport Maritime a la Voile shipping wine from the Languedoc by sail boat to ... like the USA, UK, New Zealand, South America and Canada. A return cargo of non-perishable foods ... destinations on commercial freight rates are needed. This will be a huge saving of carbon emissions [more...]

Date: 2008-06-26 11:05:55

4 ways to steer clear of killer shipping costs

Feel like you’ve been run over by skyrocketing shipping costs? ... in numbers. Smaller companies that lack the heft to secure discounted rates have another option. Freight forwarders and 3PLs can coordinate shipments from multiple locations. The fee you pay [more...]

Date: 2008-10-10 13:44:48

Baltic mulls average daily time charter rate

Saw this article, and thought I save this here for future reference. Full link here - http://www.lloydslist ... Index, to boost transparency for the rapidly-growing market in freight derivatives. The move follows ... at banks, hedge funds and other investors outside shipping seeking direct exposure to global freight [more...]

Date: 2008-06-30 05:07:57

Schwinn 418 Elliptical Trainer

I purchased the 418 from Amazon after finding that this was the Consumer Reports Best Buy, and rated number two on their review list ... had it for $799 w/ free shipping, a bit more than other retailers, but they weren’t offering free shipping ... offered to have the bulk freight company come [more...]

Date: 2008-04-25 04:28:20

The end of deflationary trade

From the AU Business Spectator;The global shipping crash continues to get worse and this morning’s GDP data shows the US recession is already deeper than 2001 and probably 1990-91 as well. Meanwhile the International Monetary Fund seems ... . Yesterday the Baltic Dry freight rate index fell below 1000 for the first time in six years [more...]

Date: 2008-11-02 14:40:32

Shipping Furniture

Shipping furniture can be complicated, because furniture is large, heavy, and oddly-shaped.  Whether you’ve got a full truckload (FTL) ... person supposed to know which one to choose?  They’ve all got different rates! That’s where Freight ... of furniture, or less than a truckload (LTL) of furniture, or even just one or two pieces [more...]

Date: 2008-09-16 05:05:26

Readings: CDS database, Shipping derivatives, FX outflows

Paul Kedrosky: Top 20 CDS by Net Exposure: Italy/Spain Rule Source: DTCC’s weekly CDS update Financial Times: Concern over shipping derivatives losses Traders in forward freight agreements (FFA) – derivatives based on short-term charter rates – could owe [more...]

Date: 2008-11-05 01:56:27

No weight limits Offers refrigerated van

Flatbed Trucking Quickly find flat bed trucking companies and the packaging you can apply to lower your shipping rates. www. ohionorthern ... and specialized trailers. full truck all to yourself is full truck load, or LTL. recommend ... . combinedtransport. com Core Carriers Provides flatbed and specialized trailers. Specializes in refrigerated freight [more...]

Date: 2008-07-23 20:46:07

Question mark over Vale's $1.6bn VLOC deal

Technorati Tags: Baltic Dry Index,Baltic Dry Indices,Ship Chartering,Shipchartering,Voyage Fixtures,Time Charter Fixtures,Panamax,Capesize,Handymax, ... , for delivery from early 2011.  But plunging freight rates, a sharp contraction in global steel ... Handysize,Supramax,Dry Cargo Fixtures,Bulk Cargo Fixtures,Baltic Exchange,Freight Review,Maritime [more...]

Date: 2008-11-08 06:33:47

Nordic American Tanker Shipping Ltd (NYSE:NAT) - Nordic 3Q 08 results exceed our expectations. Free research report for 3Q 08 results.

Nordic American Tanker Shipping’s (NAT) 3Q 08 Net Voyage Revenues (NVR) exceeded our estimate given higher than expected average spot freight rates recorded during ... Ltd. (’Pronet’). Pronet is Regulated and Authorized by the Financial Services Authority (FSA [more...]

Date: 2008-11-07 16:58:28

Trade Deterioration Continues

Just when you though things might--might--be staggering back to a point somewhat close to a vastly degraded normality, ... of credit, virtually a kind of currency among shippers and their banks, are not being honored. Again, Yves ... improvement. Indeed, further deterioration seems entirely possible. From Lloyd's List: Freight rates [more...]

Date: 2008-11-02 16:06:04

More on Trade Woes: "Firefighters better scramble to save letters of credit"

In a bit of synchronicity, it seems that some mainstream commentators are starting to to take interest in a topic we've commented on in recent weeks, ... in the contraction in international trade (see our related post earlier today). John Dizard in today's ... , are not. When an international seller is unsure that he will be paid, and an international b [more...]

Date: 2008-10-28 14:27:00

Only connect ....

In the 1690s the people of Scotland were encouraged to invest in a venture to set up a Scots colony in the isthmus of Panama that was guaranteed to ... . And it doesn't end there. These banks are also the largest lenders to the world's collapsing shipping market, or the bulk goods and tanker fleet parts of it. Ports crowded with idle shipping don't [more...]

Date: 2008-11-03 07:29:00

More Grim News on the Trade Front

Reader Michael appeared to be on a mission on Saturday and sent quite a few links on trade/shipping related matters ... : Freight rates in the Asia-Europe trades have crashed to record lows as consumer demand continues ... trading conditions are demands on lines from shippers for extended credit as the banking meltdown hits [more...]

Date: 2008-11-02 08:09:41

First FedEx, now UPS: rate increases for 2009

With retailers everywhere trying to bring down inventory, consumer spending weak, and import cargo volumes falling everywhere, ... increase of 4.9 percent on all air, express, and U.S. origin international shipments. And rates at its less ... , what do I know: When announcing its fiscal first quarter earnings in September, FedEx said its Express rates wo [more...]

Date: 2008-10-21 12:34:21

Baltic Dry Index: and all the boards did shrink

It has been awhile since the Baltic Dry Index (BDI) featured here. May 22, in fact, when some scepticism was shown at a Marketwatch ... will not be able to offset its falling exports by stoking domestic demand. Notably, the forward freight ... that the outlook for freight rates justified bubble prices. UPDATE: see what I mean? Entertainingly [more...]

Date: 2008-10-30 11:32:27

Nouriel Roubini: the coming global stagnation, recession plus deflation

By Prof. Nouriel RoubiniLast January – at a time when the consensus was starting to worry about rising global inflation - I wrote a piece titled Will the U.S. Recession be Associated with Deflation or Inflation (i.e. Stagflation)? On the Risks of “Stag-deflation” rather than “Stagflation” where I argued that the US and other economies would soon [more...]

Date: 2008-10-26 16:29:00

Roller coaster diesel prices may be masking a new carrier pricing cycle

They took off like a rocket and fell like a stone. The spike and subsequent plunge in diesel prices over the last six months has quieted many ... industry and most recently ran Con-way Freight, is now advising some of our clients ... . —— Before the spike, carriers had been chasing a declining level of tonnage, keeping rates low [more...]

Date: 2008-11-07 17:17:06

One Person’s Answer to the Driver Shortage

This white paper that this article is talking about is at www.trincon.com and is worth the 5 page download in Adobe format ... the best. No time for cowboys …trucking will never cure driver turnover until it starts turning to a new breed of employee. “Trucking executives must be visionary and meet their demands for drivers [more...]

Date: 2008-10-29 06:28:51

Top Priority Air Quality Legislation Passes California Assembly - SB 974 Is One Step Closer To The Governor's Desk

By Traci Sheehan Executive Director Planning and Conservation League After months of waiting, SB 974 (Lowenthal) ... freight routes are hardest hit by air pollution. These are often low-income communities of color ... air quality. By collecting $30 for each shipping container processed at the ports, SB 974 provides [more...]

Date: 2008-07-17 12:50:37

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