Category Archives: News

Shipping in the Indian Ocean is still at risk

Underestimating the security risk in the Indian Ocean could put ships in great danger once again, says maritime security company MAST Ltd. Gerry Northwood OBE, COO of MAST, said: “Whilst recent reports and incidents seem to be pointing to the … Continue reading

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Worldscale rates for India’s Mundra to rise: Worldscale Association

Worldscale rates for loading and discharging in Mundra, India, have been raised, the Worldscale Association said Wednesday. “In light of new information regarding increased port tariffs, the Associations find it necessary to revise all rates involving loading or discharging at … Continue reading

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India: Reliance Infrastructure to acquire Pipavav Defence

Reliance Infrastructure Ltd, a part of billionaire Anil Ambani’s Reliance Group, will spend Rs.819 crore for an 18% stake in Pipavav Defence and Offshore Engineering Co. Ltd, gaining management control. Reliance Infrastructure, through its subsidiary Reliance Defence Systems Pvt. Ltd, … Continue reading

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MOL hikes Asia-east coast South America rate US$750/TEU March 18

JAPAN’s biggest shipping company, MOL, has announced it will implement a general rate restoration for all types of cargo moving from Asia to the east coast of South America, starting March 18. From Asia, including the Indian subcontinent, to the … Continue reading

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CaroTrans Adds Asia to U.S. Southeast LCL Import Service to Global Network

CaroTrans, a leading global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, today announces a new all-water LCL (less than container-load) import service from Shanghai to Atlanta via the Port of Savannah. It is a 32-day transit. Freight is … Continue reading

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CEVA Holdings LLC Results for the Fourth Quarter ended 31 December 2014

CEVA Holdings LLC (“CEVA” or the “Company”), one of the world’s leading non‐asset based supply chain management companies, today reported results for the three months ended 31 December 2014. Key Financials ($ millions) Quarter   Q4 2014 Q4 2013 % Change Revenue … Continue reading

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Judges Announced for International Seafarers’ Welfare Awards 2015

ISWAN is pleased to announce that the judging panel for this year’s awards will be Mr Masamichi Morooka President of the International Chamber of Shipping, Mr Steve Cotton, General Secretary of the International Transport Workers’ Federation, Fr Bruno Ciceri, Chair … Continue reading

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Houston bunker fuel, marine gasoil prices rise on vessel congestion due to fog

High sulfur bunker fuel and marine gasoil prices in Houston were under upward pressure Tuesday due to a halt of port operations because of bad weather conditions, market sources said. Dense fog on the US Gulf Coast caused the delay … Continue reading

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After mini boom, Australia coal prices come down to earth

A rally in Australian coal prices has fizzled almost as quickly as it started, brought down to earth by oversupply and weakening Chinese demand, setting the stage for lower annual price agreements with Japanese utilities. Asian benchmark thermal coal prices … Continue reading

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NWE low sulfur fuel oil remains firm on lack of utility-grade product: sources

Northwest European low sulfur fuel oil cargoes remain firm on a lack of utility-grade product, sources said. Physical FOB NWE 1% sulfur fuel oil cargoes were assessed at a $0.25/mt premium to front-month swaps Tuesday, the highest since late January, … Continue reading

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“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

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India: Agreement Signed for Export of Automobile Units through Kamarajar Port

Kamarajar Port Limited (KPL, erstwhile Ennore Port Limited) has signed an agreement with M/s Toyota Kirloskar Motor Pvt. Ltd. for export of automobile units through Kamarajar Port in the presence of Union Minister of Shipping and Road Transport, & Highways, … Continue reading

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India: Nitin Gadkari Launches ‘Shipping Samvad’

Union Minister of Shipping, Road Transport & Highways Shri Nitin Gadkari launched a website “Shipping Samvad” here today. The objective of the website is to invite innovative ideas and suggestions from general public and experts related to Indian maritime sector … Continue reading

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India: SCI to buy LPG, offshore vessels for Rs. 800 cr

Shipping Corporation of India, which is returning to profits after three consecutive years of losses, is reviving its ship acquisition plans, though in a small way. It is planning to buy one or two LPG ships, besides placing orders for … Continue reading

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Global Iron Ore Surplus Seen by World Bank Lasting Two Years

If history is any guide the global glut in iron ore may persist for as long as two years, according to the World Bank, which forecasts that the steel-making raw material will average $75 a metric ton this year. “From … Continue reading

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ClassNK establishes new rules for bulk carriers and oil tankers

Leading classification society ClassNK (Chairman and President: Noboru Ueda) announced the establishment of its Common Structural Rules for Bulk Carriers and Oil Tankers (Rules for the Survey and Construction of Steel Ships Part CSR-B&T) on 27 February. These new technical … Continue reading

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Robots a Game Changer in the Marine Shipping Industry

An innovative solution by Inuktun Services Ltd. can enable marine shipping operators to realize operational efficiencies, help protect the environment, and reduce risks to human divers, by employing amphibious robots to perform inspection and cleaning tasks beneath the waterline. Inuktun, … Continue reading

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OOCL to levy US$500/TEU rate hike on transatlantic from April 1

HONG KONG’s Orient Overseas Container Line (OOCL) has announced a general rate increase on westbound transatlantic trades from April 1. The shipping company said in a notice to customers that the increases are “essential in order to sustain our current … Continue reading

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Strategic Marine welcomes two senior business development managers

Strategic Marine, a leading specialist shipbuilder, has appointed two senior executives to further boost its presence in key international maritime markets. Jim Fraser and Rob Boersma, have both joined Strategic Marine with considerable experience in the international specialist boat building … Continue reading

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KPI Bridge Oil promotes Sam Groves as Senior Bunker & Lubricants Trader at its London office.

KPI Bridge Oil, a leading global broker and trader in marine bunkers, marine lubricants and risk management products, has promoted Mr. Sam Groves to Senior Bunker & Lubricants Trader at its London office. Sam, who is currently working toward his … Continue reading

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India: Iron ore imports jump multi-fold to 5.63 MT in Apr-Nov, FY15

Iron ore imports have increased sharply to 5.63 million tonnes in 2014-15 till November as against 0.37 million tonnes in previous financial year, the government said today. “The import of iron ore has increased from 0.37 million tonnes (MT) in … Continue reading

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Excess fleet holding dry bulk freight rates at historic low

Nothing will describe the pathetic state of the global dry bulk shipping industry more tellingly than three shippers filing for bankruptcy last month. Freight rates staying for long in deficit of ship operating expenses for most vessel owners first claimed … Continue reading

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Supertankers Speed Up As Crude Oil Prices Fall

One of the stranger pieces of news that came over the wire last week, was the fact that the world’s Ocean going supertankers are sailing at the fastest speeds in 2.2 yrs as a collapse in Crude Oil prices spurs … Continue reading

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Oil market will weaken once supporting factors fade: Barclays

Oil market is set to weaken further when the factors that support the prices fade, according to Barclays. The fundamental oversupply in the market will weigh in once these factors ease, Barclays added. As per a Barclays report, Oil markets … Continue reading

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