Category Archives: News

Meet In India- “India Dry Bulk Cargo Summit 2015″

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

Posted in Local News, Shipping News | Leave a comment

India: Dredging Corp. eyes inland waterways, foreign markets

State-owned Dredging Corporation of India Ltd is seeking to diversify from its core dredging activity and become a nodal agency for execution of integrated port infrastructure projects that include construction of berths and marine structures, chairman and managing director Rajesh … Continue reading

Posted in Local News, Shipping News | Leave a comment

Baltic sea freight index up on higher capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday, mostly on higher capesize rates. The index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry … Continue reading

Posted in Shipping News | Leave a comment

EU to ban owners from scrapping ships on South Asian beaches

European, Turkish and Chinese recyclers are set to benefit from strict new EU rules on breaking up old ships, but the practice of dismantling them on beaches in South Asia – at great human and environmental cost – will still … Continue reading

Posted in Shipbuilding | Leave a comment

Black Sea ports handle 2.6 million TEU in 2014 with volume falling 0.56pc

LAST year the Black Sea container terminals of Ukraine, Romania, Russia, Georgia and Bulgaria handled a total of 2,610,623 TEU, including empty containers, but excluding transshipments. Full containers accounted for 1,854,623 TEU of the total volume handled, representing a decrease … Continue reading

Posted in Port News | Leave a comment

Supply Chain Solutions Adopts CargoSphere Rate Technology Platform

CargoSphere, the leading, cloud-based global rate management solution and confidential Rate Mesh for the ocean and air transportation and logistics industries, today announces that Supply Chain Solutions (SCS), a leading supply chain management company, has adopted the CargoSphere rate technology platform … Continue reading

Posted in Shipping News | Leave a comment

CaroTrans Adds Direct Le Havre to Charleston Import Service

CaroTrans, a leading global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, today announces the addition of an expedited Le Havre, France to Charleston LCL import service.  This is the only direct, weekly Le Havre to Charleston LCL service … Continue reading

Posted in Shipping News | Leave a comment

India skips Iran oil imports in March under U.S. Pressure

India halted oil imports from Iran for the first time in at least a decade in March as New Delhi responded to U.S. pressure to keep its shipments from Tehran within sanction limits during the last month of negotiations on … Continue reading

Posted in General News, Local News | Leave a comment

OPEC oil output hits highest since October on Iraq, Saudi

OPEC oil supply has jumped in March to its highest since October as Iraq’s exports rebounded after bad weather and Saudi Arabia pumped at close to record rates, a Reuters survey found, a sign key members are sticking to their … Continue reading

Posted in General News | Leave a comment

MacGregor appoints Høye Høyesen as Vice President, Offshore Mooring and Loading Division

MacGregor reorganised into seven operative divisions in the beginning of 2015 to improve customer focus. Offshore Mooring and Loading Division drives the development of Systems and Equipment for Offshore Floating Units. MacGregor appoints Høye G. Høyesen (49) as Vice President, … Continue reading

Posted in Shipping News | Leave a comment

Shipbuilding Potential Must be Used Under ‘Make in India': PM Narendra Modi

India has great potential in the area of shipbuilding, and this must be pursued as part of the ’Make in India’ initiative, Prime Minister Narendra Modi said today. He made the remarks when a delegation from the maritime sector, led … Continue reading

Posted in Local News, Shipbuilding | Leave a comment

India: Govt moves to give guaranteed business to local ship owners

The government has scrapped a key restrictive tender policy requirement to ensure guaranteed business to local shipowners, in a bid to strengthen and promote the Indian shipping industry. In a public tender, an Indian ship has the so-called right of … Continue reading

Posted in Local News, Shipping News | Leave a comment

India: Shipbuilding subsidy plan back in reckoning

The shipping ministry has flagged off a plan to extend a shipbuilding subsidy/assistance of 20% of the ship price to local yards and grant infrastructure status to the industry as it looks to provide stimulus to a sector that took … Continue reading

Posted in Local News, Shipbuilding | Leave a comment

Shipping sector needs stronger climate policy – scientists

There is a “significant risk” shipping emissions will rise as the economy picks up, scientists have warned. Carbon dioxide emissions from international shipping fell 10% between 2007 and 2012, notes a commentary in Nature Climate Change, to 796 million tonnes … Continue reading

Posted in Shipping News | Leave a comment

Yang Ming back in black with US$13 million profit as revenues rise 13pc

TAIWAN’s Yang Ming Marine posted a profit of TWD411 million (US$13 million) for 2014, returning to the black from the 2013’s TWD2.9 billion, as 2014 revenues of TWD134.7 billion increased 13 per cent. The company also posted an 11 per … Continue reading

Posted in Port News | Leave a comment

Euronav – RESULTS OF U.S. EXCHANGE OFFER

Euronav NV (NYSE: EURN) (Euronext: EURN) (the “Company”) announces the results of its offer to exchange (the “U.S. Exchange Offer”) all of its unregistered ordinary shares that trade on Euronext Brussels (other than ordinary shares held by the Company’s affiliates) … Continue reading

Posted in Shipping News | Leave a comment

VIKING LifeCraft™ concept welcomed at IMO

This week, VIKING Life-Saving Equipment took an important step on the road to gaining approval for the VIKING LifeCraft™, its innovative alternative life-saving appliance (LSA) for passenger ships. The concept was presented to the International Maritime Organization’s Sub-Committee on Ships … Continue reading

Posted in Shipping News | Leave a comment

Strategic Marine delivers groundbreaking ‘triple first’ StratCat to Njord Offshore

Strategic Marine, a leading specialist shipbuilder and member of the TriYards Group, has delivered a world’s first to European windfarm service sector operator, Njord Offshore. This vessel builds on the success of the first eight 21m vessels built for Njord … Continue reading

Posted in Offshore News, Shipping News | Leave a comment

Reuters Poll: Oil prices to stabilize as demand rises

Oil prices should stabilise in the second half of this year and rise in 2016 and 2017 as consumers respond to a period of much cheaper fuel, a Reuters poll of analysts showed on Monday. The survey of 34 analysts … Continue reading

Posted in General News | Leave a comment

Japan’s February LNG imports rise 13.5% on year to 7.73 mil mt

Japan’s LNG imports in February rose 13.5% year on year to 7.73 million mt, data released Monday by the Ministry of Finance showed. The increase was largely due to new contracts starting from the Papua New Guinea project, as well … Continue reading

Posted in Energy News, General News | Leave a comment

“Meet In India- Meet The World”

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

Posted in Local News, Shipping News | Leave a comment

India: JNPT to Kick-start Use of Dollar Denominated Income

Income of major ports is $400m; shipping ministry wants to raise funds four to five times the available money JNPT, India’s largest container port, is all set to pilot a new infrastructure financing strategy of leveraging dollar denominated income to … Continue reading

Posted in Local News, Port News | Leave a comment

Asia Tankers-VLCC rates to stay flat as owners, charterers fight to give market direction

Rates for very large crude carriers (VLCCs) on key Asian routes could stay flat or slip lower next week as owners and charterers tussle to give the market direction in the face of fewer cargoes, brokers said. Ship owners were … Continue reading

Posted in Shipping News | Leave a comment

Yemen conflict may drive up marine insurance rates

Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupting the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia … Continue reading

Posted in Shipping News | Leave a comment