What Are ‘Freight Rates,’ And Why Are They Rising When Oil Is Falling? – Yahoo Finance
The Chevrolet used motors that are listed for sale each come with a warranty policy that is supplied at no cost to every consumer who completes a purchase. “The reclaimed engines that are in stock for various GM vehicles through our inventory are certified through each supplier to help guarantee that quality that motor buyers receive,” said one Revven.com source. The General Motors company inventory that can be reviewed through access to the Revven portal on the Internet has been expanded this month in time for the holiday season. The standard 3.1, 5.3, 5.7 and 6.2 engines that are popular for various Chevy vehicles are included in the free shipping program announced for consumers. “A person who completes the purchase of a used engine by phone or through our virtual portal receives immediate shipment to any destination inside the United States,” said the source. The Revven.com company updated its website and inventory this year to reflect new partnerships that have been made in the automotive industry. More motor blocks from Ford, Dodge, Chrysler and Honda are now available for review using the instant inventory finder now accessible from the website front page.
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Transpacific container shippers plan freight rate rise – Yahoo Finance
Although shares of the shipping company fell about 20 percent on Tuesday following the announcement of a new debt-for-equity exchange, higher freight rates paint an encouraging outlook for the macro picture. So, What Are Freight Rates? Put simply, freight rates are the prices charged for transporting cargo (in this case, oil cargo) from one point to another. The rates depend principally on five factors: What is being moved, how heavy it is, how large it is, how it is being moved and where it is going. Related Link: Shipping Stocks Up On Increased Demand, Low Oil Costs As oil prices remain low, shippers of all kinds could continue to benefit from lower costs. However, some other companies in the industry, like Capital Product Partners L.P. (NASDAQ: CPLP ), have also reported rising rates recently, as demand continues to surge.
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The Company believes that these agreements embody innovative method of vessel employment under an index-linked voyage charter structure. This structure offers, among others, the following distinct benefits: It will further position the Company as a reliable partner to major charterers, thereby creating opportunities for similar agreements in the future; It will provide for long-term vessel employment with a leading A rated counterparty; It will provide the ability to benefit from a potential increase in freight rates, thus maintaining exposure to the favorable long-term fundamentals of the business; It will lead to increased Vessel utilization due to the steady flow of cargo, and the minimization of ballasting, idle time, and vessel diversions for commercial purposes. Based on the current delivery schedule of the Vessels, the first delivery to the Charterer is expected to take place in the 2nd quarter of 2015. About Star Bulk Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, coal and grain and minor bulks which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, Greece. Its common stock trades on the Nasdaq Global Select Market under the symbol “SBLK”.
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Star Bulk Carriers Corp. Announces Long Term Strategic Commercial Partnership With Major Mining Company – Yahoo Finance
15. Its members include 15 of the world’s biggest container shipping lines such as Denmark’s Maersk Line, a unit of A.P. Moller-Maersk, privately-owned Switzerland-based Mediterranean Shipping Company (MSC), French privately-held CMA CGM, China’s COSCO Shipping, Korea’s Hanjin Shipping and others. “It is critical, after another year of only very slight net gains at best, that carriers shore up rate levels and hold the line on rising costs as we head into a new contracting season and ramp up to meet Lunar New Year seasonal demand,” Executive Administrator Brian Conrad said in a statement. The container shipping industry has been struggling because vessel capacity is outstripping volumes of goods for transport as a result of the global economic downturn.
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