Category Archives: Shipping

New Shanghai Freight Index

There’s a competitor for the Baltic Dry Index.  The Shanghai freight index specializes in China imports and has sighed up 23 shippers to provide data.  There’s a concern that the Shanghai index will be manipulated by China, since the data come from carriers, not from freight brokers.   No futures will be traded here; they will be added later.

Shipping Tribune | Shipping Tribune.

Hurricane Sandy unearths remains of wooden coal schooner that ran aground nearly 100 YEARS ago | Shipping Tribune

Hurricane Sandy unearths remains of wooden coal schooner that ran aground nearly 100 YEARS ago | Shipping Tribune.

Rising crew costs on ships

It costs more to pay a crew on a ship this year. That was the biggest factor.  Keep in mind that petroleum costs did not go up during the year.

Rising crew costs become key factor in operating costs: Moore Stephens | Shipping Tribune.