Author Archives: admin

Emerging Opportunities In Indian Ports and Shipping Sector

The Shipping Tribune is pleased to announce “Emerging Opportunities In Indian Ports and Shipping Sector” a one day conference on February 6th, 2015 at Holiday Inn, Andheri (East), Mumbai, Introduction & Objective The emerging -global economy has opened up new avenues … Continue reading

Posted in Local News, Port News, Shipping News | Leave a comment

Falling bunker fuel prices pull down dry bulk and tanker freight rates

Falling bunker fuel prices are putting downward pressure on freight rates for dry bulk and tanker vessels operating in Northwest Europe, market sources said. Freight rates Panamax coal route from Ventspils, Latvia, to Rotterdam, basis 70,000 mt, were assessed Thursday … Continue reading

Posted in Shipping News | Leave a comment

Emissions from shipping set to sky rocket if not regulated says report

The commercial shipping sector is responsible for a billion tonnes of greenhouse gas emissions a year, a little more than Germany, and its contribution is set to skyrocket, according to a new pressure group report. Bill Hemmings, of pressure group … Continue reading

Posted in Shipping News | Leave a comment

LA’s September’s container volume up 9pc to 775,133 TEU

POSTING its highest monthly box volume since 2006, the Port of Los Angeles’ September container throughput was up nine per cent year on year to 775,133 TEU. Year-to-date volumes were up 7.8 per cent to 6.3 million TEU. September exports … Continue reading

Posted in Port News | Leave a comment

Asia-Europe rates fall, but transpac up 11.5pc to US$1,239/FEU

THE Shanghai Containerised Freight Index (SCFI) fell 51.69 points to 911.03 last Friday, but also registered a US$248 gain to hit $2,139 per FEU to the US west coast. And rates from Shanghai to the east coast of South America … Continue reading

Posted in Shipping News | Leave a comment

The Indian Ocean’s $18-Billion Piracy Stakes

“(The) Indian legal system lacks (a) clear and unambiguous mechanism to prosecute maritime pirates.. Piracy off the coast of Somalia has been a threat to international shipping and trade.” This was Ranjit Sinha, chief of Central Bureau of Investigation (CBI), … Continue reading

Posted in Local News, Shipping News | Leave a comment

Maersk ups rate US$900/TEU as Shanghai index ends week at $705/TEU

MAERSK Line, the world’s biggest container carrier, is raising its Asia-north Europe rate by US$900 per TEU from November 1 after rates had fallen as low as $600. According to the Shanghai Containerised Freight Index, spot Asia-Europe rates stood at … Continue reading

Posted in Shipping News | Leave a comment

Singapore’s MPA further discuss with European Port Authorities on harmonising LNG bunkering standards and procedures

The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG) bunkering focus group discussion on 14 and 17 October, held in conjunction with the Singapore … Continue reading

Posted in Shipping News | Leave a comment

Indian refiners boost product exports 10% despite slump in European buying

Indian refiners managed to export 10% more oil products in the first eight months of 2014, compared with a year ago, amid an increasingly challenging environment of declining demand and rising competition for the export markets, and despite a 12% … Continue reading

Posted in General News, Local News | Leave a comment

Prices, time, expectations: the oil market’s fuzzy price floor: Kemp

How far do oil prices need to fall to curb the investment in shale production and stem the destruction of demand? As the price of benchmark Brent has plummeted almost 30 percent from $114 per barrel in June to just … Continue reading

Posted in General News | Leave a comment

Modi Eases Fuel Controls in Move to Revive India Economy

India scrapped controls on diesel prices and increased natural gas tariffs in Prime Minister Narendra Modi’s biggest steps toward curbing subsidies, spurring energy output and reviving the economy. Diesel will now be market determined and the price of natural gas … Continue reading

Posted in Energy News, Local News | Leave a comment

India: Steel imports down 28% in September

India imported 3.86 lakh tonne (provisional) steel in September, down 28.1 per cent y-o-y due to weak demand, according to mjunction services. Steel imports in September last year stood at 5.37 lakh tonne, it said.“The steel import has come down … Continue reading

Posted in General News | Leave a comment

India’s first merchant terminal for LNG to come up in Ratnagiri

India’s first merchant terminal for eight million tonnes LNG import, storage and regasification will be set up at Jaigadh Port in Ratnagiri district. An agreement has been signed between H-Energy Gateway Pvt Ltd (HEGPL), a Hiranandani Group company, and Sener-Afcons … Continue reading

Posted in Energy News, General News, Local News | Leave a comment

Tanker Runs Aground in Amazon River

On October 8, on her way to Manaus City for a cargo discharge from Rio De Janeiro, Brazil, on her 8th voyage up the Amazon river, MT Seychelles Patriot ran aground on shifting sand and mud banks in the middle … Continue reading

Posted in Energy News, Shipping News | Leave a comment

Aban Offshore gains on bargain hunting

Aban Offshore rose 1.76% to Rs 582.50 at 11:01 IST on BSEon bargain hunting after the stock fell 7.89% in the preceding three trading sessions to Rs 572.45 on 16 October 2014 from a recent high of Rs 621.50 on 10 … Continue reading

Posted in Offshore News | Leave a comment

Vegetable oil imports up 21% in September; SEA demands import duty hike

NEW DELHI: The country’s vegetable oil imports rose by 21 per cent to 10.47 lakh tonnes in September from the year-ago period, industry body SEA said today. It said the government should hike import duty on these items to curb … Continue reading

Posted in Energy News, Local News | Leave a comment

Cabinet approves Iran port project

In a move that could offer significant geo-strategic advantage to India by way of smooth access to Afghanistan, the Union Cabinet on Saturday gave its approval to India’s participation in the Chahbahar port project in Iran. The Cabinet chaired by … Continue reading

Posted in Local News, Port News | Leave a comment

Hiranandani Group awards contract for LNG facility

Real estate firm Hiranandani Group has awarded a contract to Sener-Afcons J.V. For an 8 million tonnes per annum LNG import, storage and regasifications terminal at Jaigadh port at Ratnagiri in Maharashtra. “H-Energy Gateway Private limited (HEGPL), a Hiranandani Group … Continue reading

Posted in Local News, Port News | Leave a comment

Brent Crude Extends Rebound on Speculation Drop Excessive

Brent crude extended its rebound on speculation that a 25 percent drop from this year’s high was excessive. West Texas Intermediate was little changed after falling below $80 yesterday. Brent pared its fourth weekly loss. The recent slump in prices … Continue reading

Posted in Energy News | Leave a comment

Completing 40 years of WISTA International

At the 34th WISTA International AGM & Conference in Limassol, Cyprus with the theme: Shipping Connects President Sanjam Sahi Gupta was elected to the board of WISTA International.She is the first Indian lady and the youngest to be on the board. The … Continue reading

Posted in Shipping News | Leave a comment

Oil Tankers to China Jump to Nine-Month High Amid Crude Rout

The number of supertankers sailing toward China’s ports surged to a nine-month high amid speculation an oil-price slump is encouraging the world’s second-biggest crude importer to accelerate purchases. There are 80 very large crude carriers, the industry’s biggest ships, sailing … Continue reading

Posted in Shipping News | Leave a comment

India’s 12 big ports see first signs of revival in cargo growth

At the half way stage of the current fiscal year that began in April, the 12 ports owned by the Indian government loaded 288.48 million tonnes (mt) of various cargo, 4.2% more than the 276.85 mt handled during the same … Continue reading

Posted in Local News, Port News, Shipping News | Leave a comment

ICS welcomes dramatic IMO progress on ballast water issues

Governments attending the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC) this week have made real progress towards agreeing solutions to major issues that have previously impeded ratification of the IMO Ballast Water Management Convention, says the International Chamber … Continue reading

Posted in Shipping News | Leave a comment

Coast guard moves to prevent ‘environmental issue’ as ship drifts off Haida Gwaii

Members of the Canadian Coast Guard are trying to avoid an “environmental issue,” as they attempt to secure a Russian cargo ship drifting in five-metre swells off B.C.’s northern coast. Navy Capt. James Clark said Friday evening that the coast … Continue reading

Posted in Shipping News | Leave a comment