Article

2016-03-28 Economy

Baltic sea freight index up on higher rates across vessel segment

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Posted by badanov 2016-03-28 00:00|| || Front Page|| [12 views ] Top

#1 Upgrades to ships using less expensive gas power so as to make them much less costly to operate also. This will cull the herd. Scrap value will drop.

Posted by Dale 2016-03-28 06:39|| 2016-03-28 06:39|| Front Page Top

#2 The gas may be less expensive, but the engineering, fabrication, and vessel modification costs for storage and delivery, at this point, rather negate the savings in fuel.

Posted by Pappy 2016-03-28 16:04|| 2016-03-28 16:04|| Front Page Top

#3 Just another fly in the ointment---Lake Gatun in the Panama Canal is in the dry season, and the lake level is lowering because of the lowered amount of rain in the watershed supplying the lake. That means there are restrictions on ship draft. That could limit how many containers can be loaded on a ship. Large ships that cannot carry full loads may be more economical to move around the Cape than through the Panama Canal.

I do not know all the economics, but it could affect large ship traffic through the Canal.

Posted by Alaska Paul 2016-03-28 19:54|| 2016-03-28 19:54|| Front Page Top

#4 According to a railroads trade art that was discussing decline in intermodal in ound from Asia was this : decline in oil prices allowed ship owners options to transit around south america (cheaper than canal tolls) or return to china around Africa. either way adds to cruise duration and would boost thr baltic

Posted by USN, Ret. 2016-03-28 22:04|| 2016-03-28 22:04|| Front Page Top

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