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Only 7 Days To Go, Register Now For ” India Maritime Summit 2015- Emerging Opportunities In Indian Shipping and Ports Sector”


The Shipping Tribune is pleased to announce “India Maritime Summit 2015 – Emerging Opportunities In Indian Shipping and Ports Sector” a one day conference on February 6th, 2015 at Holiday Inn, Andheri (East), Mumbai. The organisers are pleased to inform that … Continue reading

 
Commodity Shipping
 

Commodity Shipping Rate Falls to 28-Year Low on China Demand


A measure of global shipping costs for commodities fell to a 28-year low as slowing growth in China’s demand exacerbates the effect of a fleet glut. The Baltic Dry Index plunged 5.1 percent to 632 points, the lowest since Aug. … Continue reading

 
exmar
 

Exmar – Provisional Results 2014


The Executive Committee of EXMAR reported today the provisional results for the fourth quarter and the entire year 2014. Highlights and recent developments: Start-up of Caribbean FLNG project delayed due to unfavorable energy market conditions but PRE remains committed to … Continue reading

 
classnk
 

ClassNK announces record 2014


ClassNK (Chairman and President: Noboru Ueda) has announced its registration totals for 2014. Over the course of the year, 833 new vessels with a combined total of 21,466,272 gt joined its register, marking the fourth straight year that the leading … Continue reading

 
Asia-Europe container
 

18,980-TEU CSCL Indian Ocean sets for to service Asia-Europe trade


THE new 18,980-TEU CSCL India Ocean is to join the Asia-north Europe service offered in partnership with CMA CGM and UASC in the Ocean Three alliance, named respectively FAL 8 by CSCL, AEX 1 and AEC 1. Initially, the ships … Continue reading

 
Container shipping
 

Mega shipping alliances bring better A-E service, lower rates, says Drewry


SHIPPERS are expected to benefit from a greater choice of services, and most likely lower freight rates, with new carrier mega alliances set to shake up market share on the key Asia-North Europe liner trade, according to Drewry Shipping Consultants. … Continue reading

 
euronav dd
 

EURONAV NV Announces Closing of Its Initial Public Offering and Full Exercise of Overallotment Option


Euronav NV (the “Company”) announces today the closing of its initial public offering of 18,699,000 common shares at a public offering price of USD 12.25 per share for gross proceeds of USD 229,062,750. This includes the exercise in full by … Continue reading

 
Sailors’ Society
 

Sailors’ Society launches Wellness at Sea initiative to support seafarer health and wellbeing


Sailors’ Society, one of the largest seafarer support charities operating internationally, has unveiled Wellness at Sea, a coaching and support programme designed to promote health and well-being among the world’s seafarers. Wellness at Sea has been designed to reflect the … Continue reading

 
Iron Ore 1
 

Average iron ore price to hit record low in 2015 as supply soars


A deepening iron ore glut and worries over a sharper economic slowdown in top buyer China will drive the average 2015 price for the steelmaking ingredient to a record low, a Reuters poll showed. With a handful of large, low-cost … Continue reading

 
Asia Fuel Oil
 

Oil Will Recover Once Producers Quit Spending, Hamm Says


Oil prices will recover as early as the first half of this year as producers cut back, Continental Resources Inc. founder and CEO Harold Hamm said. Hamm said Continental, the largest leaseholder and producer in the Bakken shale play of … Continue reading

 
Captain Dinesh Gautama
 

Captain Dinesh Gautama to address the shipping industry at “India Maritime Summit 2015-Emerging Opportunities In The Indian Shipping and Port Sector.” February 6th, 2015 at Holiday Inn, Andheri (E)


The Shipping Tribune is pleased to announce that Captain Dinesh Gautama, will be addressing the professionals of shipping industry at “India Maritime Summit 2015-Emerging Opportunities In The  Indian Shipping and Port Sector.” February 6th, 2015 at Holiday Inn, Andheri (E). Captain … Continue reading

 
Cochin port
 

India: ‘Piracy attack’ against barge operator at Cochin port


Cargo movement to Fertilisers and Chemicals Travancore (FACT) has been stalled for the last seven days as Lots Shipping, a Kochi-based barge operator, had stopped service. The company cited ‘piracy attack’ on its barge last Thursday inside the Cochin Port … Continue reading

 
Adani
 

India: Adani Ports Q3 net up 14% at Rs 512 cr


Adani Ports and Special Economic Zone today reported 13.66% jump in consolidated net profit to Rs 512 crore for third quarter ended December 31, on the higher income. APSEZ, the country’s largest port developer and part of Adani Group, had … Continue reading

 
VLCC freight
 

Rotterdam-Singapore VLCC freight rates at 5-year high on scarcity, bullish Atlantic market


The cost of moving 270,000 mt fuel oil cargoes from Rotterdam to Singapore has hit its highest level in over five years, pulled up by a shortage of available VLCCs given strong competition from a bullish Atlantic Basin market, according … Continue reading

 
UK Chamber of Shipping
 

Number of UK seafarers increases for first time since 2010


The number of UK seafarers has increased for the first time since 2010, new figures released by the Department for Transport show. The annual Seafarer Statistics show: the total number of UK seafarers active at sea in 2014 was estimated … Continue reading

 
Port of Savannah
 

Savannah 2014 volume up 10.2pc to 3.3 million TEU, tonnage rises 7.4pc


THE Port of Savannah posted a 10.2 per cent year-on-year increase in 2014 container volume to 3.34 million TEU as well as a 7.4 per cent rise in overall tonnage to 30.39 million tons. “We saw phenomenal growth in every … Continue reading

 
Maersk_DSC1093
 

Maersk to up Asia-Europe rates US$400/TEU February 1


MAERSK Line, the world’s biggest container shipping company will levy a US$400 per TEU rate increase from ports in Asia to northern Europe from February 1. Rates on the route, the world’s busiest for container shipping, jumped 24.6 per cent … Continue reading

 
us oil export ship
 

Green light for some would-be US oil exporters; more questions for others


U.S. export regulators are seeking more information from at least three would-be exporters of domestic condensate, including Marathon Oil, while half a dozen other firms have recently been cleared to sell the abundant ultra-light oil abroad, people familiar with the … Continue reading

 
Ukrainian Grain
 

Ukrainian Grain Traders Agree to Limit Milling Wheat Shipments


Grain traders in Ukraine signed an agreement controlling exports of wheat used to make flour as the country grapples with preserving food supplies in a worsening conflict with Russia. Exports of 900,000 metric tons of milling wheat will be allowed … Continue reading

 
China's implied oil
 

China’s Oil demand hit historic high of 10.63b/d; Overall demand in 2014 increased 3%


China’s apparent oil demand* in December rose 5.3% year over year to 44.96 million metric tons (mt), or an average 10.63 million barrels per day (b/d) – hitting the highest absolute demand on record – according to a just-released Platts … Continue reading

 
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Meet & Listen from The Experts. Register For India Maritime Summit 2015- Emerging Opportunities In Indian Shipping and Ports Sector”


The Shipping Tribune is pleased to announce “India Maritime Summit 2015 – Emerging Opportunities In Indian Shipping and Ports Sector” a one day conference on February 6th, 2015 at Holiday Inn, Andheri (East), Mumbai. The Shipping Tribune is pleased to inform … Continue reading

 
Kamarajar port
 

India: Government-owned port trusts win back flexibility to set rates


Each of the trusts that run 12 of the 13 ports owned by the Union government will have flexibility to set rates based on market forces, according to a new tariff policy for these harbours approved by the shipping ministry … Continue reading

 
panamax ship1
 

Trans-Atlantic dry bulk Panamax market hit by weak US coal sales


Dry bulk Panamax freight rates from the US East Coast into UK Continent are falling because uncompetitive US thermal coal prices mean European buyers are looking to alternative suppliers, lowering trans-Atlantic cargo volumes, sources said. A UK-based shipbroker trader said … Continue reading

 
Large tankers
 

Analysis: Tanker market looks for a new way to tackle higher ECA charges


As the shipping industry starts implementing the new shipping SECA (Sulfur Emission Control Area) regulations, confusions still appears to reign on the standard for the representation of freight rates in charter-party agreements. The biggest adjustment has come in the clean … Continue reading

 
 
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