Category Archives: Shipping News

Hapag-Lloyd and CSAV sign merger agreement

Hapag-Lloyd and Compañía Sud Americana de Vapores (CSAV) have signed a binding contract to merge CSAV’s entire container business with Hapag-Lloyd, creating the world’s fourth largest box line. Following the integration, the new Hapag-Lloyd will have some 200 vessels with … Continue reading

Posted in Shipping News | Leave a comment

Japan’s Feb bonded bunker fuel sales up 0.2% on year at 1.9 mil barrels: METI

Japan’s bonded bunker fuel sales edged up 0.2% year on year to 1.91 million barrels (304,341 kl) in February, data released Wednesday by the Ministry of Economy, Trade and Industry showed. The February total was down 8.3% from January. Sales … Continue reading

Posted in Shipping News | Leave a comment

Hong Kong up 8.7pc in March to 2 million TEU, Singapore up 7.2pc

FIGURES from the Hong Kong Marine Department show the port handled 2 million TEU in March, representing a year-on-year increase of 8.7 per cent from 1.38 million TEU in March last year. Singapore’s Maritime and Port Authority reported a 7.2 … Continue reading

Posted in Port News, Shipping News | Leave a comment

BIMCO: Chinese GDP grew by 7.4% in Q1 from a year earlier

The world’s second largest economy rose by 7.4% in first three months of 2014 as compared to same period last year. China remains on course for a soft landing as the nation rebalances its economy from being reliant on investments … Continue reading

Posted in Shipping News | Leave a comment

Asia Australia Discussion Agreement levies US$550/TEU charge for bunker

MEMBER lines of the Asia Australia Discussion Agreement (AADA) will levy a US$550 per TEU and $1,100 per FEU charge on dry and reefer cargo from Japan, Korea, mainland China, Hong Kong and Taiwan to Australia starting May 17. Reflecting … Continue reading

Posted in Shipping News | Leave a comment

MAS extend global reach with exclusive armor systems

Following on from the continued success of the product, Marine Armor System are excited to announce its global launch and updated website. MAS is an innovative non-lethal  vessel protection system based on ballistic blinds, protecting the vessel or rig against … Continue reading

Posted in Shipping News | Leave a comment

First time marathon runners on track to raise almost £40k for seafarers in need

Sailors’ Society’s 2014 London Marathon team has brought in thousands for the maritime charity and donations are still pouring in. For 12 of the 20 strong team, this was the first time they had taken on the might of a … Continue reading

Posted in Shipping News | Leave a comment

MPHRP responds to prize honour

Commenting on last night’s Seatrade Award to the Maritime Piracy Humanitarian Response Programme (MPHRP) for ‘Support and assistance to seafarers and their families affected by maritime piracy’, MPHRP chair Peter Swift said: “We are most grateful for this recognition of … Continue reading

Posted in Shipping News | Leave a comment

South Korea ferry sinking with 450 on board

A ferry with about 450 people on board is sinking off the south-west coast of South Korea, coastguard officials say. Most of the passengers are secondary school students on their way from Incheon to the southern resort island of Jeju, … Continue reading

Posted in Shipping News | Leave a comment

Asia Fuel Oil-380-cst cash discount widens to near 7-month low

The 380-cst cash discount widened to a near seven-month low as the market struggled to sell oil with ample supplies and no firm recovery in demand. The 380-cst cash discount stood at $3 a tonne to Singapore spot quotes, versus … Continue reading

Posted in Shipping News | Leave a comment

Maersk Line cuts carbon emissions while still increasing its business

DENMARK’s Maersk Line has published its sustainability progress update, showing that it reduced CO2 emissions by 3.8 million tonnes last year while the business grew 4.1 per cent. “2013 was a good year for Maersk Line – financially as well … Continue reading

Posted in Shipping News | Leave a comment

Maritime Piracy: A Chronic but Manageable Threat

Recent years have seen a dramatic reduction in maritime piracy. According to the International Maritime Bureau’s Piracy Reporting Center, Somali pirates attacked 236 ships in 2011. By the end of 2013, that number had dropped to 15. Earlier in the … Continue reading

Posted in Shipping News | Leave a comment

NYK inks deal to charter eight new 14,000 teu boxships

Nippon Yusen Kaisha (NYK) has inked a charter deal for eight new 14,000 teu containerships to be built at Japan Marine United (JMU). The newbuildings will be delivered from February 2016 through to January 2018. The new vessels will be … Continue reading

Posted in Shipping News | Leave a comment

Piracy could spread to Mozambique

A new breed of pirate could emerge in northern Mozambique to exploit the gas and oil industry that is about to boom there, unless the region addresses the problem. Rear-Admiral Robert “Rusty” Higgs and Joao Paulo Coelho, a professor at … Continue reading

Posted in Shipping News | Leave a comment

ConocoPhillips to resume LNG exports from Kenai, Alaska, LNG plant

ConocoPhillips will restart its mothballed liquefied natural gas plant near Kenai, Alaska, and will resume LNG shipment in May, a company spokeswoman said Monday. The company will make six shipments this year, spokeswoman Amy Burnett said. The decision follows a … Continue reading

Posted in Shipping News | Leave a comment

South Korea’s 380 CST bunker fuel premium at 7-month low on supply increase

A rise in bunker fuel supply in South Korea narrowed the 380 CST bunker fuel premium over Mean of Platts Singapore 380 CST high sulfur fuel oil assessment to a seven-month low of $20.79/mt last Friday. The premium was the … Continue reading

Posted in Shipping News | Leave a comment

Mid East shipowners place $5.5billion newbuild orders

Shipping companies in the Middle East have close to US$5.5 billion of newbuilds on order. In a clear indication that shipping in the region is set to boom, new figures from online evaluation and mapping service VesselsValue.com show that Middle … Continue reading

Posted in Shipping News | Leave a comment

AADA to increase rate US$500/TEU from China to Australia May 15

MEMBER lines of the Asia Australia Discussion Agreement (AADA) will levy a US$500 per TEU and $1,000 per FEU on both dry and reefer cargo from Greater China to Australia starting May 15. This increase will apply in full on … Continue reading

Posted in Shipping News | Leave a comment

P3 readies for operations in 3 months, opens temporary offices in London

THE P3 mega alliance, made up Maersk, MSC and CMA CGM, have rented temporary quarters in London, having received a passing grade from the US Federal Maritime Commission (FMC) and now await approval from China and indications from EU. China, … Continue reading

Posted in Shipping News | Leave a comment

Maersk Line increases import rates from Asia to Central America

The Danish shipping company Maersk Line will implement a general increase on rates for imports from Asia to Mexico and Central Americafrom May 15, in order to maintain a sustainable level, the company said. Thus, the 20 ft containers will … Continue reading

Posted in Shipping News | Leave a comment