Category Archives: News

ASIC holds first ‘5-A-Side Soccer’ tournament in Kolkata

THE Association of Shipping Interests in Calcutta (ASIC) recently organised a unique event—‘5-A-Side Soccer’—which saw the participation of shipping lines/agents, Port Trust, Customs, freight forwarders, ICD/CFS operators, Customs brokers and ex-im companies. The tournament was the first-of-its-kind in the city. … Continue reading

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India: APSEZ seeks grant to build Kerala port

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator, has made the sole price bid for developing a new port at Vizhinjam, Thiruvananthapuram in Kerala. The price quotation submitted by APSEZ seeks a grant of Rs.1,635 … Continue reading

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Inspecting Class Society Ownership Trends

Classification societies play an integral part in maintaining the safety and technical standards of the global fleet. The International Association of Class Societies (IACS) helps unify standards but the ownership of the tonnage classed by both IACS and non-IACS members … Continue reading

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Cabinet approves agreement between India, Jordan on maritime transport

The Union Cabinet chaired by Prime Minister Narendra Modi today gave its approval for signing of a shipping agreement between India and Jordan. Recognizing the significant mutual benefit that can be derived from cooperation in the area of shipping between … Continue reading

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Port of Halifax cargo takes 8.6% hit due to tough winter

Harsh winter conditions helped stifle the flow of cargo through the Port of Halifax during the first three months of the year. Halifax Port Authority reported that container traffic in the first quarter of the year was about 89,367 containers, … Continue reading

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Seattle-Tacoma March up 21pc to 361,951 TEU, up 3pc year-to-date

CONTAINER at Seattle and Tacoma in March rose 21 per cent year on year to 361,951 TEU, showing that the ports are recovering from the congestion caused by four months of docker slowdowns. The Seattle-Tacoma port complex in the first … Continue reading

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Iron Ore Rallies Into Bull Market After BHP Billiton’s Shift

Iron ore advanced into a bull market after BHP Billiton Ltd. curbed expansion plans in Australia and supplies from higher-cost mines dropped, easing concern that global output will outpace demand and feed a global glut. Ore with 62 percent content … Continue reading

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Oil trade off Yemen coast grew by 20% to 4.7 million barrels per day in 2014

While Yemen is not a major oil-producing country, its coast borders the Bab el-Mandeb Strait, a narrow chokepoint between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and … Continue reading

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Saudi Arabia’s Solution to Global Oil Glut: Pump Even More Crude

Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even more. The world’s biggest oil exporter, having abandoned last year its role of keeping global markets in balance, now has … Continue reading

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Strong tanker market extends peak season high earnings

In the first quarter of 2015, tanker earnings for crude oil tankers have climbed to new strong levels, with averages not seen since 2008. The demand for crude oil tankers remain high even though the winter months are far behind … Continue reading

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IBIA underlines strong Singapore ties and calls for greater use of latest ISO specs

The special relationship that the International Bunker Industry Association (IBIA) enjoys with Singapore’s Maritime & Port Authority (MPA) was underlined at the annual IBIA Asia dinner this week. Singapore is a signatory to IBIA’s Port Charter designed to raise bunkering … Continue reading

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ContainerTug designs mini version that can be moved as easily as a TEU box

CONTAINERTUG has developed a tug boat that can be handled like a 20-foot container can be shipped around the globe and trucked to even the remotest of locations by a 4×4 / 6×6 truck with a knucklehead crane. According to … Continue reading

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Shipowners urged to refrain from new orders amid abundance of capital

Shipowners have been urged to exercise restraint on the ordering of new ships amid the lure of readily available capital in the market, and bearing in mind the continuing oversupply of tonnage, according to DNB Asia. Andreas Ostern, senior vice … Continue reading

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HIT’s stevedoring contractors sign deal to cover dockers’ 5.5pc pay hike

HONGKONG International Terminals (HIT) has announced agreements with independent stevedoring contractors that cover the costs of a 5.5 per cent cross-the-board raise for the Hong Kong dockers they employ for 2015-2016. The Hutchison unit said it has strengthened communication with … Continue reading

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Eco lobbies claim new box ships are less fuel-efficient than old ones

NEW containerships built in 2013 were are 10 per cent less fuel-efficient than those built in 1990, according to a new study, commissioned by two Brussels-based state-funded eco lobbies, Seas at Risk and Transport & Environment. These findings contradict ever … Continue reading

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India likely to remain net importer of iron ore in FY16

India is likely to remain a net importer of iron ore in 2015-16 as the falling international prices might encourage steel majors to continue import of key steel-making raw material through the current year. However, the quantity of imports may … Continue reading

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SGX-Listed EMS Energy Proposes Merger With Turnkey EPCM Provider Koastal Group For S$150M; Accelerates Transformation To An Integrated O&M Services Provider

SGX Catalist-listed EMS Energy Limited (“EMS” and together with its subsidiaries, the “Group”) announced today its plans to merge with Koastal Pte Ltd and its subsidiaries (the “Koastal Group”), an Engineering, Procurement and Construction Management (“EPCM”) player, in a major … Continue reading

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County Cork Lusitania anniversary conference to welcome Maritime Labour Convention to Ireland

Global union federations the IUF and ITF, assisted by Belgian trade unions, yesterday used the Brussels Seafood Expo to spotlight human rights abuses by Philippines’ tuna giant Citra Mina. Unions demonstrated outside the venue to expose the deplorable conditions and … Continue reading

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China iron ore futures hit upward daily limit as mills restock

Chinese iron ore futures rose for a third straight day to hit their upward daily limit on Friday and were on track for a second weekly gain as mills in the world’s top buyer stepped up buying. Benchmark iron ore … Continue reading

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India Dry Bulk Cargo Summit: Come, Join & Benefit From The Opportunity To Connect, Confer & Conduct Business

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

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India: Port liberalisation plans challenged by wider regulatory hurdles

Prime Minister Narendra Modi is planning an ambitious programme of infrastructure and port development as part of India’s drive to develop its industrial manufacturing sector. Although critical to India’s long-term competitiveness, port liberalisation and expansion will continue to be slowed … Continue reading

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India: Ballast water treatment rules pose challenge to shipping industry

New and expensive global regulations to deal with a ship’s ballast water that will take effect soon are engaging the attention of the maritime industry. The Ballast Water Management Convention 2004 adopted by the International Maritime Organization (IMO) will require … Continue reading

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Novorossiisk bunker fuel operations resume, suppliers face severe delays: traders

Bunker fuel oil operations at the Russian Black Sea port of Novorossiisk have resumed after a storm, with suppliers facing sever delays with deliveries, traders said Thursday. “Bunker deliveries have been suspended for a total of six days due to … Continue reading

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Mumbai’s Jawaharlal Nehru Port plans to raise funds for major upgrade

MUMBAI’s Jawaharlal Nehru Port (JNPT) is planning to raise funds for a two-year project that would expand its current six-lane evacuation corridor into 12 lanes, according to the Hindu daily in Chennai. DP World will also be assisting with the … Continue reading

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