International demand for wet freight is greatly influenced by the global crude oil and refined products trade.Equally, international freight supply is a direct factor of shipping tonnage available to move commodities and goods.
Blackstone hedges cargo movements with freight and commodity derivatives in
order to ensure efficient delivery of our commodities around the globe.
We secure vessels on term contracts, time charters, spot voyage for periods spanning 7 days to 1 year. When practical, we hedge cargo movements with freight and commodity derivatives in order to
ensure efficient delivery of our commodities around the globe.
for various cargos we utilize fleets that include : Handysize, Supramax, Panamax, Capesize
tankers and very large dry bulk carriers.
Blackstone acts as an internal freight service provider to execute the cargo requirements of our iron ore and copper trading desks. Our freight operations maintains close coordination with our physical trading desk in order to fulfill their trades and capacity planning.
We maintain high safety and maritime operation safety standards. Our protocols meet and exceed international standards. We also place a high value on cargo security and vessel vetting.
Through our offices in Dubai and Singapore, we maintain 24-hour global coverage of our maritime operations. Our chartering desk supports our clients, suppliers, and our oil and petroleum product traders. We provide well-qualified buyers with the option to buy their commodities with both freight on CIF (Cost, Insurance and Freight) and FOB (Free On Board) terms.
Our Dubai office issues voyage orders, negotiates with port agents, manages claims and bunkers, completes stowage plans and coordinates demurrage for our time-chartered fleet.