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Surging container rates slash US PET imports, boosting domestic prices | Hellenic Shipping News Worldwide


Surging container rates slash US PET imports, boosting domestic prices
Record high container shipping rates have impacted the US import market for polyethylene terephthalate (PET) resin by slashing shipments to the US and giving a boost to the domestic industry.
US prices for the clear plastic resin, used to make drink bottles, had been steadily declining for almost two years until June 2020, when the market staged a recovery, which brought domestic prices to a multi-year high in April.
S&P Global Platts assessed US prices for bottle-grade PET railcars at $1,389/mt on April 28, up by 47% from June 24, 2020, and the highest level since May 29, 2019. Import prices for bottle-grade PET on the US West Coast followed a similar trajectory, rising by 64% from June 24, 2020, to $1,521/mt on April 28. ....

United States , Los Angeles , Us Commerce Department , Container Index , North America , ஒன்றுபட்டது மாநிலங்களில் , லாஸ் ஏஞ்சல்ஸ் , எங்களுக்கு வர்த்தகம் துறை , கொள்கலன் குறியீட்டு , வடக்கு அமெரிக்கா ,

Container shipping lines to cut free time, increase surcharges in 2021 contracts


Container shipping lines to cut free time, increase surcharges in 2021 contracts
Companies negotiating annual container shipping contracts with shipping lines before the end of the first quarter can expect increases in peak season surcharges and decreases in allowable free time with the container, as shipowners gain leverage from increased demand, industry participants say.
The widespread shortage of empty containers in Asia will compel shipowners to use their greater bargaining power to finally slash free time, the number of days a beneficial cargo owner is given to return a container to the owner, Stephanie Loomis, Vanguard Logistics Services vice president, said during a panel discussion at the virtual TPM conference. ....

John Westwood , James Caradonna , Stephanie Loomis , Vanguard Logistics Services , Container Index , ஜான் வெஸ்ட்வுட் , ஜேம்ஸ் காரடோனா , மாற்றாந்தாய் லூமிஸ் , வான்கார்ட் தளவாடங்கள் சேவைகள் , கொள்கலன் குறியீட்டு ,

Singapore\-based ONE signs long\-term charter for six record\-sized containerships


Singapore-based ONE signs long-term charter for six record-sized containerships
Singapore-based container shipowner Ocean Network Express has agreed to a 15-year charter for six of the largest container ships ever built at more than 24,000 twenty-foot equivalent units when the ships are delivered in 2023-2024, the company said Dec. 24.
ONE signed the letter of intent for a long-term charter with Shoei Kisen Kaisha, the shipowning arm of Imabari Shipbuilding, who will build the ships in consortium with Japan Marine United.
“This new class of ships will join our core fleet and forms part of our ongoing strategy to introduce large, modern, and fuel-efficient vessels to further strengthen our fleet competitiveness,” ONE said in a press release. ....

Shoei Kisen Kaisha , Ocean Network , Ocean Network Express , Imabari Shipbuilding , Japan Marine , South Korea , Daewoo Shipbuilding , Marine Engineering , Ultra Large Container Ships , Large Container Ships , Container Index , கடல் வலைப்பின்னல் , கடல் வலைப்பின்னல் எக்ஸ்பிரஸ் , இமாபரி கப்பல் கட்டும் , ஜப்பான் கடல் , தெற்கு கொரியா , டேவூ கப்பல் கட்டும் , கடல் பொறியியல் , அல்ட்ரா பெரியது கொள்கலன் கப்பல்கள் , பெரியது கொள்கலன் கப்பல்கள் , கொள்கலன் குறியீட்டு ,