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India Dry Bulk Cargo Summit 2015 copy
 

“Meet In India- Meet The World”


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

 
JNPT 1
 

India: JNPT to Kick-start Use of Dollar Denominated Income


Income of major ports is $400m; shipping ministry wants to raise funds four to five times the available money JNPT, India’s largest container port, is all set to pilot a new infrastructure financing strategy of leveraging dollar denominated income to … Continue reading

 
VLCC freight
 

Asia Tankers-VLCC rates to stay flat as owners, charterers fight to give market direction


Rates for very large crude carriers (VLCCs) on key Asian routes could stay flat or slip lower next week as owners and charterers tussle to give the market direction in the face of fewer cargoes, brokers said. Ship owners were … Continue reading

 
marine insurance rates
 

Yemen conflict may drive up marine insurance rates


Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupting the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia … Continue reading

 
Gulftainer
 

Gulftainer’s box terminals post 8pc growth in 2014 to 6.4 million TEU


UNITED Arab Emirates-based, privately owned port operator and logistics company, Gulftainer handled 6.4 million TEU across its global terminal portfolio in 2014, up eight per cent year on year. The year was defined by international expansion and investments in new … Continue reading

 
The Baltic Exchange’s
 

Baltic sea index down as weak demand takes toll on vessel rates


The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday as lack of demand took a toll on rates for most of the vessel segments. The index, which factors in the … Continue reading

 
Asia-Europe
 

Asia-Europe down 5.5pc to US$586/TEU – transpac off 9pc to $1,639/FEU


SPOT rates from the Shanghai Containerised Freight Index (SCFI) on the Asia-north Europe route fell 5.5 per cent to US$586 per TEU last Friday, their lowest since June 2013 after eight straight weeks of declines, Reuters reports. Rates dropped nine … Continue reading

 
Bunker fuel
 

Bunker fuel prices collapse in Suez on arrival of fresh cargo


Bunker fuel oil prices at the Egyptian port of Suez collapsed, following the delivery of a fresh cargo of 380 CST fuel, sources said. Delivered 380 CST fuel in Suez dropped by $290/mt to $350.50/mt Thursday, after having risen $250/mt … Continue reading

 
Iron ore imports
 

Iron Ore Extends Rout as Miners Reject Fortescue’s Call for Cap


Iron ore retreated to the lowest level in more than six years to head for a record quarterly loss after data signaled a further slowdown in China, while producers in Australia affirmed plans to boost supplies, expanding a glut. Ore … Continue reading

 
Global LNG and natural gas market
 

Global LNG-Asia prices lower on piecemeal demand


Asian spot liquefied naturalgas prices slipped on Friday as disappointing demand weighed onthe market, traders said. The price of spot LNG for May delivery eased to $7.50 permillion British thermal units (mmBtu) from $7.70 last week. Thomson Reuters Point Carbon … Continue reading

 
Maritime Center To Fight Gulf of Guinea Piracy
 

Maritime Center To Fight Gulf of Guinea Piracy


The MMCC is one of many planned as a part of the ECOWAS Integrated Maritime Strategy to coordinate joint patrols, naval drills, training programs and intelligence sharing among the naval forces of the Gulf of Guinea Pilot Zone E. Located … Continue reading

 
bunker
 

Low bunker price not good news for all


Lower bunker prices, port congestion and tonnage oversupply were among the key shipping issues last year highlighted by a panel of shipping and finance experts at the 8th Marine Money Hong Kong Ship Finance Forum this week. Jeffries Hong Kong … Continue reading

 
Ukraine Arrests Turkish Ship for Visiting Crimean Port
 

Ukraine Arrests Turkish Ship for Visiting Crimean Port


Turkey owned merchant ship flying the flag of Tuvalu was arrested by Ukrainian authorities over a visit it made to a port in Crimea, reports Reuters. The ship’s captain detained. Tuvalu-registered 5,095 deadweight ton ship Kanton was being held in … Continue reading

 
Georgia Ports Authority
 

Container volume at Savannah rises 14.2pc in February to 284,037 TEU


CONTAINER throughput at Georgia Ports Authority’s (GPA) terminal at Savannah rose 14.2 per cent to 284,037 TEU in February. For the fiscal year beginning in July, GPA moved 2.32 million TEU, an increase of 13.7 per cent or 279,882 TEU, … Continue reading

 
Panama Canal
 

Panama Canal sets sights on new $17 billion expansion project


As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion that would allow it to handle the world’s biggest ships. Workers … Continue reading

 
PSA
 

PSA to invest US$42 million to boost terminal capacity at Sines, Portugal


GLOBAL port group, PSA International of Singapore, is to invest EUR40 million (US$42.5 million) to enhance the annual capacity of its container terminal in Sines, 100 kilometres south of Lisbon, to 2.5 million TEU. PSA said the extra 800,000 TEU … Continue reading

 
oil
 

UPDATE 10-Oil dives 5 pct as worries about Iran talks trump Yemen


Oil tumbled 5 percent on Friday, erasing the previous session’s gains, as Yemen’s conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more … Continue reading

 
US West coast
 

Study: US west coast ship delays deteriorated rapidly in fourth quarter


VESSEL arrival data from freight forwarding software provider Freightos shows how quickly US west coast port congestion intensified as 2014 wore on, with ships berthing late in December by an average of 5.2 days, compared to 1.7 days in September.The … Continue reading

 
China Cosco
 

Beijing subsidies help China Cosco to higher full-year profit


China Cosco, operator of the country’s largest dry bulk fleet, posted a 54 percent rise in full-year profit, boosted by subsidies from Beijing amid a subdued market. The flagship unit of state-owned conglomerate China Ocean Shipping Group said net profit … Continue reading

 
Nigeria crude oil
 

Nigeria: Bonny Light Under Pressure of Crude Oil Price Decline


Nigeria’s crude oil grade, bonny light is under pressure of price decline and insufficient export, due to force majeure regularly declared by Nigerian oil companies as a result of vandalism. Besides, the Shell Petroleum Development Company of Nigeria Limited (SPDC), … Continue reading

 
Fourth Ocean Shipping Executive
 

Fourth Ocean Shipping Executive Pleads Guilty to Price Fixing on Ocean Shipping Services for Cars and Trucks


An executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) pleaded guilty today and was sentenced to 18 months in a U.S. prison for his involvement in a conspiracy to fix prices, allocate customers and rig bids of international ocean shipping … Continue reading

 
CAPESIZE BULKER
 

Asia Dry Bulk-Capesize rates to remain flat despite capacity cuts


Rates for capesize bulk carriers, which have been close to six-year lows for the last two months, are unlikely to improve as a tonnage glut continues to weigh on the market even as owners increasingly idle, lay-up or scrap their … Continue reading

 
Singapore's MPA
 

Singapore port authority denies Iceberg Research claims on Noble unit


Singapore’s port authority has denied allegations of misconduct made by Iceberg Research against a subsidiary of commodities trader Noble Group , which is taking legal action against the arcane research group. Singapore’s Maritime and Port Authority (MPA), in an emailed … Continue reading

 
dry bulk ship
 

The Dry Bulk Fleet At Breaking Point


The severe oversupply in the bulkcarrier fleet has contributed to the current trough in the dry bulk market, putting considerable financial pressure on owners, many of whom are subject to earnings close to operating costs. This has triggered a surge … Continue reading

 
 
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