SINGAPORE - Tankers that had been scheduled to install emissions-cutting equipment ahead of stricter pollution standards starting in 2020 have deferred their visits to the dry docks to capitalize on an unexpected surge in freight rates, three trade sources said.
The rates for chartering a supertanker from the U.S. Gulf Coast to Singapore hit record highs of more than $17 million and a record $22 million to China earlier this week. “We can confirm several owners have postponed dry docking earlier scheduled for the months of October and November to take advantage of the skyrocketing freight rates,” said Rahul Kapoor, head of maritime and trade research at IHS Markit in Singapore.
Segurança Marítima 👍
Well, THAT has to bode well for maritime safety, preventing pollution, and ensuring cargo/crew well-being... 🤯
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NCAA: College athletes graduating at record high rate“College athletes continue to meet and exceed the benchmarks set for academic achievement'
Source: NBCNews - 🏆 10. / 86 Read more »
Report: Brokers are erasing customer complaints from popular investor websiteBrokers have been asking for their complaint records on BrokerCheck to be wiped clean at soaring rates.
Source: MarketWatch - 🏆 3. / 97 Read more »
One look at this and you’ll get why Warren Buffett sits on a record cash pileAt the midpoint of the year, Warren Buffett’s Berkshire Hathaway was sitting on a record cash pile of $122 billion, leading one longtime shareholder to dump his position because, as he recently explained, “thumb-sucking has not cut the Heinz mustard during the Great Bull Market.” So why IS Buffett so cash heavy? The Club! 😀 Probably. He's waiting to buy the next bitcoin dip
Source: MarketWatch - 🏆 3. / 97 Read more »
Uber and startups want to disrupt trucking — incumbents aren't worried - Business InsiderTech giants said they'd disrupt the trucking industry. Instead, analysts say freight brokerage incumbents are holding their own.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Food Network star Carl Ruiz's cause of death at 44 revealed: reportCarl Ruiz appeared on Food Network hits like 'Diners, Drive-Ins & Dives' and 'Guy's Grocery Games.'
Source: YahooNews - 🏆 380. / 59 Read more »
'Addiction' to cheap money will do 'tremendous damage' to the global economyCentral banks around the world are increasingly lowering rates, or moving to negative rates, and analysts warn this could damage the global economy. GREED IS EVIL! Here you are talking of cheap money and there RaGa is talking of free money and so also the great new and famous economist too was talking free money The Fed has priced out millions of people out of owner homes or other assets. They made the risk reward ratio not worth it. We need new textbooks to cover the upside economics the Fed has created. federalreserve NewYorkFed
Source: CNBC - 🏆 12. / 72 Read more »