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Thai fishermen
 

Somali pirates free Thai fishermen held for four years


Four Thai nationals seized from a fishing vessel by Somali pirates nearly five years ago have been released, the UN and local officials have said. It is believed that they spent longer in captivity than any other victims of Somali … Continue reading

 
ITF
 

ITF joins US Coast Guard shore leave debate


The ITF (International Transport Workers’ Federation) has submitted a deposition to the US Coast Guard’s consultation on seafarers’ access to maritime facilities – the Notice of Proposed Rule Making (www.regulations.gov/#!documentDetail;D=USCG-2013-1087-0001). The submission supports the USCG’s efforts to improve the shore … Continue reading

 
ClassNK 1
 

ClassNK updates its Guidelines for Floating Offshore Facilities


ClassNK (Chairman and President: Noboru Ueda) announced today that it has released the latest version of its Guidelines for Floating Offshore Facilities for LNG/LPG Production, Storage, Offloading, and Regasification (Second Edition). In February 2011, the leading classification society released its … Continue reading

 
Indian Apr-Dec thermal coal
 

Indian coal imports set to rise despite higher domestic output: govt


Indian coal imports are set to rise even though domestic production is increasing, according to the pre-budget Economic Survey 2014-15, which was presented to parliament Friday by Finance Minister Arun Jaitley. India imported 137.6 million mt of coal in April-November … Continue reading

 
ictsi
 

Statement of ICTSI Oregon, Inc. on new labor deal between Pacific Maritime Association and the International Longshore and Warehouse Union


Now that the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) have reached a five-year contract agreement, West Coast ports should experience improved productivity from ILWU workers.  The ongoing issues at the Port of Portland, however, … Continue reading

 
ES Group (Holdings) Limited
 

ES Group’s FY2014 Net Profit Attributable to Owners of the Company increased to S$2.6 Million; Proposes 0.25 Cents Final Dividend


ES Group (Holdings) Limited (“the Company”, together with its subsidiaries, “ES Group” or the “Group”) announced today that its net profit attributable to owners of the Company increased 32.5% to S$2.6 million in the financial year ended 31 December 2014 … Continue reading

 
AADA
 

Asia Australia Discussion Agreement hikes rate US$300/TEU April 1


MEMBER lines of the Asia Australia Discussion Agreement (AADA) will increase rates US$300 per TEU and US$600 per FEU for cargo from Hong Kong and mainland China to all points in Australia from April 1. The AADA said the step … Continue reading

 
Auckland port
 

Auckland port profit up 9pc, box volume rises 3pc to 490,723 TEU in 6 months


PORTS of Auckland posted a 9.4 per cent year-on-year net profit increase to NZ$28.9 million (US$21.7 million) in the six months ending on December 31 while increasing container volume three per cent to 490,723 TEU. Breakbulk was up 7.7 per … Continue reading

 
China thermal coal
 

China’s Coal Consumption Falls 2.9%


China’s coal consumption and production in 2014 fell from a year earlier, marking the first decline in 14 years as Beijing tries to pivot the world’s largest energy consumer toward a long-term reduction in coal dependence. Data from the National … Continue reading

 
Opec1
 

OPEC’s February oil supply hits lowest since June on Iraq-survey


OPEC’s oil supply has fallen this month as bad weather delayed exports from Iraq’s southern ports, a Reuters survey found on Friday, slowing an expansion of supplies in the group’s second-largest producer. The survey also found slightly higher output in … Continue reading

 
India Dry Bulk Cargo Summit 2015 copy
 

“Meet In India- Building Strategies For Better Future”


Dry Bulk cargoes such as Coal, Iron Ore, Fertilizers etc. play a very crucial role in a country’s economic development. The Shipping Tribune is pleased to announce “India Dry Bulk Cargo Summit 2015″ A One Day Conference on 5th June 2015 … Continue reading

 
Commodities shipping
 

Commodities shipping crisis adds to loan woes for Greek banks


The global slump in demand for dry freight commodities is adding more pain to Greece’s already crisis-hit banks by heaping pressure on many of their shipowner clients, particularly the smaller companies. This is in part pushing the banks to consider … Continue reading

 
LNG TANKER
 

Atlantic gas swings leave LNG tankers torn over where to turn


Atlantic natural gas markets are seeing some of the biggest price swings in years as volatile European trade, freezing U.S. weather and Brazilian demand leave tankers torn over where to sail. The region’s gas markets, each taking turns as top … Continue reading

 
Charles Taylor Plc
 

Charles Taylor to acquire the management companies of The Strike Club


Charles Taylor announced that it has entered into an agreement to acquire three of the operating companies of SC Management, the independent, dedicated management companies of The Strike Club. In connection with this acquisition, which is subject to regulatory approvals, … Continue reading

 
TSA carriers
 

TSA to hike rate US$600/FEU March 9 and again on April 9


CONTAINER shipping lines of the quasi-conference, Transpacific Stabilisation Agreement (TSA), have reaffirmed their March 9 general rate increase (GRI) of US$600 per FEU for all shipments and reconfirmed another $600 per FEU rate hike for April 9. Restoring service levels … Continue reading

 
ITF
 

Right to strike upheld – but needs defending


Following a worldwide trade union campaign to defend it, the right to strike has been re-affirmed at the International Labour Organization (ILO) in Geneva. ITF (International Transport Workers’ Federation) general secretary Steve Cotton explained: “Unions and employers meeting at the … Continue reading

 
Vale Iron Ore
 

Vale Posts Quarterly Loss Amid Declining Iron-Ore Prices


Vale SA, the world’s largest iron-ore producer, reported a second consecutive quarterly loss as prices fell and Brazil’s weakening currency increased debt costs. Vale’s fourth-quarter net loss narrowed to $1.85 billion, or 36 cents a share, from a record loss … Continue reading

 
Seagull Maritime
 

Seagull lands specialised training on deck


Seagull Maritime has extended its suite of computer-based training modules for the offshore sector, adding two courses focusing on deck safety onboard two specific vessel types that will be as useful for seasoned crew as they are for newcomers. The … Continue reading

 
Europe crude steel
 

Europe’s crude steel drops marginally in Jan 2015


According to the recent data published by the World Steel Association (World steel), the crude steel production by EU-28 countries slipped marginally by 1.1% during the month of Jan ‘15 year-on-year. The highest output during December was achieved by Germany. … Continue reading

 
Moody’s Investors Service
 

Moody’s: Slowing Chinese demand will increase operating challenges for Asian steel companies


Moody’s Investors Service says that Asian steel companies face increasing operating challenges in 2015, as Chinese steel demand slows. Moody’s could change its outlook on the Asian steel sector to negative from stable if this weakness persists. Moody’s last changed … Continue reading

 
India's iron ore exports
 

India’s iron ore exports declined sharply during Jan-Oct 2014


The Indian exports of iron ore saw huge decline during the initial ten-month period in 2014, indicates the latest statistics released by Indian Trade and Commerce Ministry. The iron ore exports from the country fell sharply by 26.2% during the … Continue reading

 
shipyard
 

India: Why private shipyards make for good acquisitions


Media reports in recent days have claimed that Pipavav Defence and Offshore Engineering Co. Ltd, the first Indian company outside of state control to get a licence to build warships for the Indian Navy, and ABG Shipyard Ltd are in … Continue reading

 
HSH Nordbank
 

Asian banks and investors challenge Europe’s dominance in ship finance


Asian banks and investors will step up funding to the maritime industry, posing a growing challenge for European lenders that have traditionally dominated ship finance, according to a survey by HSH Nordbank. “Asia’s ever-growing importance in shipping is strongly related … Continue reading

 
LNG vessel
 

Low Asian LNG price puts shipping in deep water


Declining Asian LNG prices have reduced margins on the long-distance LNG trade, causing spot-charter rates for LNG vessels to fall. High LNG prices in Asia made it profitable for producers in the Atlantic basin to deliver LNG to the Pacific, … Continue reading

 
 
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