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THE Suez Canal
 

Two ships run aground in Suez Canal, delaying traffic


A container ship ran aground in Egypt’s Suez Canal in dense mist on Saturday morning, the canal authority said, delaying traffic through a vital global trade route for several hours. A Maersk Line spokesman told Reuters the Danish-flagged Susan Maersk … Continue reading

 
Indian shipping industry
 

‘Make in India’ – the Newbuzzword in Indian Shipping Sector


The Prime Minister Narendra Modi’s ‘Make in India’ initiative offers a plethora of opportunities in the maritime sector, particularly in shipbuilding, with the Shipping Ministry projecting a quantum jump in the volume of cargo and passengers moved through water transport, … Continue reading

 
shipping
 

Shipping schedule reliability improving, but plenty of room for improvement


Liner shipping service reliability across the three core East-West trades hit a five- month peak in March with an aggregate on-time performance of 64%, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors. … Continue reading

 
Novorossiisk bunker
 

Novorossiisk bunker fuel prices firm as storms disrupt deliveries


Bunker fuel oil loadings and deliveries have been disrupted due to stormy weather in Novorossiisk, traders said Friday. “The last storm warning has been issued at 10:30 Novorossiisk time [0730 GMT] today,” the Port Authority of Novorossiisk said. According to … Continue reading

 
Suezmax
 

Suezmax Tankers Bullish


Global fixture activity for suezmax crude tankers rose in the first quarter by 5% year on year, with most of the activity coming out of West Africa. Suezmax fixtures out of the Caribbean rose by 48%, most of which headed … Continue reading

 
Cuba's Mariel terminal
 

Cuba’s Mariel terminal set to benefit from improving ties with US


CUBA’s one container terminal in Mariel, 40 kilometres west of Havana, is well placed to benefit from the easing of US tensions with Cuba and the expansion of the Panama Canal next near. Mariel Commercial director Marcelo Lluveras of the … Continue reading

 
yang ming
 

Yang Ming puts its first 14,000-TEUer into Asia-Europe service


TAIWAN’s Yang Ming Marine Transport, the country’s No 2 container line, has launched its biggest ship into service deploying Seaspan’s 14,000-TEUer, the YM Wish, from Kaohsiung Harbour, reports the Taipei Times. The YM Wish, Yang Ming’s biggest ship, is the … Continue reading

 
Iron Ore Exports
 

India: Iron ore exports from Goa unlikely to resume soon


Various factors like ’steep’ duty, upcoming monsoon season and pending regulatory permissions are the causes. Iron ore exports from Goa are not likely to resume in near future due to various factors like ’steep’ duty, upcoming monsoon season and pending … Continue reading

 
iron-ore
 

Iron ore eyes second best week this year, but outlook still bleak


Spot iron ore prices are set to post their biggest weekly gain since early January, although an early-week rally has fizzled as investor focus returned to plentiful global supply. Iron ore futures were flat to lower on Friday after sharp … Continue reading

 
Moody’s Investors Service
 

Moody’s lowers iron-ore and met coal price forecasts, markets to remain under pressure to 2016


Moody’s Investors Service expected iron-ore and metallurgical (met) coal prices to remain under pressure through at least 2016, prompting it to lower its price expectations for both commodities. The firm fingered slower steel output growth in China and rampant oversupply, … Continue reading

 
India’s port
 

Why five of India’s 12 state-owned ports are running in losses


What is common to India’s state-owned ports such as Kolkata, Chennai, Kochi, Mormugao and Mumbai except that they are all located in the heart of the cities from where they derive their respective names? Out of the 12 ports owned … Continue reading

 
JNPT container terminal
 

Massive Improvement in Inter Terminal Transfer of Tractor-Trailers at JNPT Leads To 46% Growth Using The Facility


After the successful implementation of Inter Terminal transfer of tractor-trailers from GTI to JNPCT and vice versa, ITT movement from JNPCT to NSICT and NSICT to JNPCT has also been started from 24th March onwards. In the month of March on an average … Continue reading

 
container shipping sector
 

Container shipping to see another year of excess growth: Drewry


Despite positive growth momentum, the container shipping industry continues to suffer new, big ship deliveries with no let-up to the ordering frenzy according to the Container Forecaster, published by Drewry Maritime Research. Drewry forecasts another year of excess growth in … Continue reading

 
India’s merchandise export
 

India: Exports fall 21% in March, most in nearly 6 yrs


Merchandise exports contracted a steep 21.06 per cent in March, the most in 67 months. This pulled down overall exports in 2014-15 by 1.23 per cent, the second decline in three years, as petroleum prices softened and demand abroad remained … Continue reading

 
port of Nagoya
 

Port of Nagoya’s box volume drops 6.8pc in January to 202,856 TEU


CONTAINER volume at the Port of Nagoya in central Japan fell 6.8 per cent in January year on year to 202,856 TEU, according to the Nagoya Port Authority. Within this total 191,041 TEU came from foreign trade, down 7.3 per … Continue reading

 
zim
 

Zim to order first newbuildings since crash, to get 13,000-TEUers


ISRAELI flag carrier Zim Integrated Shipping Services is planning its first newbuilding orders since the financial crash, having signed letters of intent with a dozen Asian yards, reports Oslo-based Tradewinds. Zim has not ordered newbuildings for nearly a decade, having … Continue reading

 
MacGregor Logo
 

Suezmax shuttle tankers benefit from MacGregor’s Pusnes bow loading systems


MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. The order was booked into first quarter 2015 order intake. South Korean shipyard Sungdong Shipbuilding & … Continue reading

 
Simrad
 

See near and far with revolutionary, new Simrad HALO Radar


Today, the Simrad HALO™ Pulse Compression Radar range – the world’s first high-performance recreational solid-state, open-array radar system with pulse compression technology – was revealed to boating consumers worldwide. Combining the advantages of Broadband Radar™ (also introduced by Simrad Yachting … Continue reading

 
Iron Ore Mine
 

World’s Lowest Cost Iron Ore Miner Turns Screw on Rivals


Rio Tinto Group Chief Executive Officer Sam Walsh is fast becoming the worst nightmare of rival iron-ore producers starved of cash. Iron ore prices have slumped by more than half in a year on a deepening global supply glut. That’s … Continue reading

 
oil (2)
 

US energy imports and exports to come into balance


The United States has been a net importer of energy since the 1950s. But the new projections by EIA signals U.S. energy imports and exports may come into balance in coming years. The United States is currently an exporter of … Continue reading

 
India Dry Bulk Cargo Summit 2015 copy
 

“India Dry Bulk Cargo Summit 2015″- Receiving Global Participation


The Shipping Tribune is pleased to announce “India Dry Bulk Cargo Summit 2015″ A One Day Conference on 5th June 2015 at Holiday Inn, Andheri (East), Mumbai. Industry professionals from different parts of the world are participating in this conference, making the … Continue reading

 
India’s coal imports
 

India to overtake China as biggest thermal coal importer


India is set to overtake China as the biggest importer of power-station coal, emerging as the leader of a clutch of regional nations that miners including Glencore Plc and BHP Billiton Ltd can tap for new orders. Indian thermal-coal imports … Continue reading

 
Handysize freight rates
 

Baltic-UKC dirty Handysize freight rates near 6-month low on lackluster inquiries


The cost of sending 30,000 mt dirty product and fuel oil cargoes from the Baltic Sea to the UK Continent has fallen to the lowest level in almost six months because of a lack of charterer inquiries in the Baltic … Continue reading

 
Deltamarin Ltd
 

First B.Delta68 SUL bulk carrier ordered


Deltamarin’s B.Delta family has scored further success as the Vulica Shipping Co. Ltd ordered the first ever B.Delta68 SUL (Self-Unloading) vessels. The order for the two bulk carriers was placed with the Chinese Jiangsu Hantong Ship Heavy Industry Co. Ltd. … Continue reading

 
 
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