Author Archives: admin

“We will do it right, Now & Always” : Mr. Rethina Kumar

There is a famous saying “When the going gets tough, the tough gets Going”. This is a classic example of Lilly MARITIME Pvt. Ltd, a Mumbai based Ship management company, which has diversified into various maritime activities in the recent years. … Continue reading

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Russia plans to boost shipbuilding capability

Russia plans to boost its shipbuilding capability by creating a shipbuilding cluster for construction of vessels and marine equipment that will attract foreign investments. According to the Russian Government’s decree On the development of shipbuilding in Russian Far East, issued … Continue reading

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Shipping ministry for reconsidering security ban on China’s ZPMC cranes

The shipping ministry has asked security agencies to reconsider their decision to deny clearance to Chinese crane maker Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC) for supplying cargo handling equipment to India’s 12 state-owned ports. “We have asked the security … Continue reading

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India: Cochin Shipyard to invest Rs. 1,200 cr to build dry dock

The development and modernisation plans of Cochin Shipyard Ltd (CSL) have received a boost, with the Shipping Ministry approving a Rs. 1,200-crore investment to set up a dry dock to build LNG carrier ships. In addition, other shipyards in the … Continue reading

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Container volume at Port of Naples falls 14pc in first half to 209,000 TEU

CONTAINER throughput at the Port of Naples fell 14.3 per cent in the first six months of the year to 209,000 TEU from 244,000 TEU in the same period last year. Of the total volume in first half, 162,000 TEU … Continue reading

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HK cargo down 2.9pc in August to 1.88 million TEU, Singapore up 1.8pc

FIGURES from the Hong Kong Marine Department show the port handled 1.88 million TEU in August, representing a year-on-year decrease of 2.9 per cent from 1.93 million TEU in August last year. Singapore’s Maritime and Port Authority reported a 1.8 … Continue reading

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Port of Dar es Salaam wins US$565 million in World Bank, UK loans and grants

TANZANIA has received US$565 million in World Bank and British loans and grants for the Port of Dar es Salaam to make it a regional hub, lifting annual capacity to 28 million tonnes from 14.6 million tonnes today. The World … Continue reading

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Asia thermal coal (CCI 7&8): CCI 8 down on Chinese import restrictions

Bearish sentiment swept across the Chinese market following the import restrictions reported Monday, with bids and offers reported lower, sources said Tuesday. An October-delivered mini-Capesize cargo of 5,500 kcal/kg NAR Australian thermal coal was heard offered at $55.80/mt FOB or … Continue reading

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OPEC’s Badri says he expects OPEC to lower output target

OPEC Secretary General Abdallah El-Badri told reporters on Tuesday he expected the group to lower its oil output target when it meets next in late November. Badri was asked if OPEC’s 30 million barrels per day output target would still … Continue reading

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Russian central bank sees oil price returning to $100

The Russian central bank sees crude oil prices returning to above $100 per barrel in coming quarters and staying above that mark in 2016-2017, according to the bank’s quarterly monetary policy document published on Tuesday. By supporting the rouble, a … Continue reading

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BIMCO: Key China indicator reveals sharp slowdown in industrial activity

The slowdown in Chinese industrial production growth ads to the existing concerns that China is going through challenging times, as Beijing aims for a soft landing and a transition of the economy. The demand for dry bulk shipping and container … Continue reading

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Illegal bunker fuel trade on the rise in Singapore

Cases of illegal trade in marine diesel are on the rise in Singapore and more offenders have been arrested, according to the republic’s Police Coast Guard (PCG). From January to July this year, around 60 metric tonnes of ship fuel … Continue reading

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Ocean Three v other mega-alliances

Last Tuesday’s announcement of the formation of the “Ocean Three” alliance – actually a combination of vessel sharing, slot exchange and slot charter agreements – confirmed one of the worst kept industry secrets. But what will be its impact on … Continue reading

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India: Chabahar port project may get approval soon

The Narendra Modi government is expected to give the go-ahead to India developing the strategic Iranian port of Chabahar in the coming weeks, a move expected to give the country an alternative route to landlocked Afghanistan and the resource-rich central … Continue reading

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Ocean Three makes Croatia’s Port of Rijeka first Adriatic call on A-E route

FRENCH shipping giant CMA CGM is the latest of the new Ocean Three alliance partners to make Croatia’s Port of Rijeka its first Adriatic port of call, adding to deals made with China Shipping (CSCL) and the United Arab Shipping … Continue reading

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August cargo volumes at Port of Los Angeles highest since 2010

Container traffic at the Port of Los Angeles last month reached its highest level in four years, according to monthly cargo volumes released by the port Monday. Imports and exports at the port totaled 757,702 TEUs, a 6.7% increase from … Continue reading

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Indonesian thermal coal: Indian buying supports certain grades

Indian thermal coal buying supported prices for specific grades of Indonesian thermal coal, but further gains were capped due to the uncertainty surrounding the implementation of the Indonesian export license rule, sources said Monday. Platts assessed the price of FOB … Continue reading

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Iran’s oil exports stands at 1.2 million barrels, official says

Iran oilWhen the current administration took the office, Tehran’s oil exports dropped to 700,000-800,000 barrels from the previous figure of 1.3 million barrels, Iran’s Fars news agency quoted an unnamed source at the country’s Oil Ministry as saying. “But the … Continue reading

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Iron Ore Rebound Seen by Morgan Stanley as Vale Sees $100

Iron ore is heading for an end-of-year rally as some high-cost supplies are closed and steel demand picks up, according to Morgan Stanley, which said prices may first extend losses by a few more dollars before rebounding. The steel-making raw … Continue reading

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S.Korea’s Iran oil imports double in Aug, but down for Jan-August

South Korea’s imports of Iranian crude doubled in August from a year ago but fell 8 percent in the first eight months year-on-year, reflecting moves by the world’s fifth-largest crude oil importer to navigate terms of sanctions reliefs. Preliminary customs … Continue reading

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More Industry Stalwarts confirm to speak at “The Shipping Tribune Conclave 2014: Facing the Challenges in Manning, Training and Piracy Control”, a one day conference on Oct 6th, 2014 at Holiday Inn, Andheri (East) Mumbai.

The list of speakers at “The Shipping Tribune Conclave 2014” has few more well known names from the shipping industry such as Dr. Sanjay Bhavnani, Director & Chief Operating Officer, MMS Maritime (India) PVT. LTD., Capt. Vinod Naveen, Director, Euro Tech … Continue reading

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“We depend upon the professional ability, competence and dedication of the seafarers on board”: Mr. Gautam Chatterjee

The First Annual Seminar of The Navi Mumbai Chapter of The Company of Master Mariners of India was organized on 13th September 2014 at the IMEI.  At this occasion “ DGS Report on Shipping Casualities 2011-13”, compiled by the special … Continue reading

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Income-tax smooth sailing for seafarers on Indian flag vessels

Better days are ahead for some 50,000 seafarers working on Indian flag ships, as the Government has agreed to change the norms of calculation of income-tax for them. The new structure, once in place, will help seafarers posted on Indian … Continue reading

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Shipping still in choppy waters

It’s not often the shipping sector gets much attention from the British media, let alone from investment and personal finance outlets. Given that merchant shipping still facilitates 90 per cent of international trade, using approximately 102,000 commercial ships worldwide, that … Continue reading

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