Category Archives: Shipping News

APM Terminals Seeks More Ports in Turkey on Shipping Prospects

APM Terminals BV, the port operator owned by AP Moeller-Maersk A/S (MAERSKB), wants to buy more ports in Turkey, a market where container volumes are growing twice as fast as the economy. “We are definitely interested to have a port … Continue reading

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ICS Addresses OECD Shipbuilding Working Party

The OECD should be cautious about becoming involved in the question of what constitutes an ‘eco-ship’, was the message delivered to governments in Paris by the International Chamber of Shipping (ICS) at a meeting of the OECD Working Party on … Continue reading

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East Coast India & Sri Lanka Seafarers & Dockers Unions target FOC ships during ITF Action Week

Seafarers and dock workers unions in designated ports of Chennai, Tuticorin, Paradip, Kolkata & Haldia along the east coast of India and neighboring Colombo in Sri Lanka, launched a week long industrial campaign (24-28 November 2014), against `Flags of Convenience’ … Continue reading

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Piracy and fuel theft in Southeast Asia are syphoning confidence

An increase in the number of attacks on shipping in the first half of 2014 has fed concerns – amplified by media and security firms – that piracy is in the ascendant in and around Southeast Asia. But while the … Continue reading

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India: Dhamra Port to invest Rs 7,000 cr for expansion

Adani Group-owned Dhamra Port Company Limited (DCPL) would invest around Rs 7,000 crore for expansion of cargo handling facility, an official of the company said on Tuesday. “We are embarking on the second phase of expansion of Dhamra Port. The … Continue reading

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US Commerce Department wants anti-dumping duties on Shenzhen boxes

AFTER declaring Chinese standard shipping containers were sold below cost in the United States, the Commerce Department has decided to apply for anti-dumping duties on further imports from China. Under a ruling, Chinese 53-footers would face anti-dumping duties of up … Continue reading

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SAIL’s coking coal imports to touch 35 million tonne by 2025

State-run steel maker SAIL’s coking coal imports will touch 35 million tonnes by 2025 when the targetted production capacity is projected to touch 50 million tonnes, a company official said. “Presently, SAIL’s coking coal imports is around 12 to 13 … Continue reading

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Cargotec’s MacGregor signs Pusnes mooring system contract with Shell

MacGregor, part of Cargotec, has signed a contract with Shell for a Pusnes permanent mooring system. Contract value is around EUR 20 million. “We are very happy to finalise this large contract,” says Jan Martin Grindheim, Vice President, Offshore Mooring … Continue reading

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India’s ship scrap market is hit hard by cheap Chinese steel slabs

VOLATILE currency movements and crashing steel prices have hit prices on offer for scrap ships in India, which also compete with cheap steel from China. Ship demolition markets in Pakistan and Bangladesh are proving more resilient than India’s, where prices … Continue reading

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DP World ships banned ZPMC cranes to Jawharlal Nehru port

When a ship carrying four quay cranes manufactured by Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC) docks at Jawaharlal Nehru (JN) port near Mumbai on 29 November, it is bound to raise eyebrows because China’s state-owned port crane maker is … Continue reading

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India: Attorney general’s opinion sought on new tariff for old cargo handlers

The shipping ministry has sought the opinion of the attorney general on migrating old cargo handlers to a new market-linked rate regime announced in July 2013 for new projects. A critical issue in this exercise is how to deal with … Continue reading

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London P&I Club calls for greater attention to masters’ night orders

NOW that deepsea captains have become “day workers” and ships still arrive at dawn, more attention should be placed on the drafting and enforcement of master’s night orders, says a major British marine insurer. “The value of masters’ night orders … Continue reading

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Bigger containerships put greater pressure on the container industry

CARGO owners, intermodal operators, terminal operators and ports are facing increased financial and logistics pressures while shipping lines reap the benefits of lower costs, creating dis-economies of scale. London’s Drewry Maritime Research analysts say at the container shipping industry is … Continue reading

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Maritime Cook Islands Adds Specialised Tonnage To Its Fleet

Maritime Cook Islands (MCI), one of world’s the leading yacht registries, has just entered two types of highly specialised, high value vessels onto the flag from two established yacht owners, namely Emerald Sea Surveys and Echo Yachts. Emerald Sea Surveys … Continue reading

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VIKING’s arctic suit triumphs over extreme temperatures

A long-time favorite of mariners facing arctic survival risks, VIKING’s PS5002 immersion suit has been upgraded and independently tested at temperatures as low as -62.6 degrees Celsius. Marine and fire safety equipment leader VIKING Life-Saving Equipment has released the latest … Continue reading

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New app makes FPS more user-friendly

FPS Group – the global forwarding and consolidation network – has launched a new app for iPhones and Androids that enables members and customers to track ocean shipments passing through the FPS network.   The app also provides access to … Continue reading

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Asia Tankers-VLCC rates to climb on cargo flurry

Rates for very large crude carriers (VLCCs) on key Asian routes are set to continue the rebound that started on Wednesday with a raft of new cargo requirements and upbeat sentiment, brokers said. Brokers anticipated charterers would ramp up the … Continue reading

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Hyundai Heavy Sees First Strike in 18 Years

Unionised workers at South Korea’s shipbuilding giant Hyundai Heavy Industries staged their first industrial action in almost two decades this Thursday when they walked out from a scheduled one hour of extra work after their regular eight-hour shift, the AFP reports. … Continue reading

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Shipping operating costs stable, investments on rise: Moore Stephens

The cost of operating ships last year marginally declined for bulkers and containers and rose slightly for tankers as owners have worked to cap costs amid eroding earnings since 2008, a shipping industry study said. Consultancy Moore Stephens International said … Continue reading

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Gulf Coast Embraces U.S. Coal Shippers Rejected by West

When it comes to exporting American coal, the West Coast’s loss is the Gulf Coast’s gain. While environmental opposition has stymied plans to build terminals in California and the Pacific Northwest, the Mississippi River town of Darrow, Louisiana, has a … Continue reading

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Asia-Europe Shanghai box rate fell 13.3pc last week to US$809/TEU

THE Shanghai Containerised Freight Index (SCFI) fell 13.3 per cent on Friday from the previous week to US$809 per TEU on the Asia-Europe route, suffering a third straight week of declines, each more than $100. “The number of times the … Continue reading

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Europe to suck up surplus global LNG supplies as prices tumble

Europe is set to become a dumping ground for the world’s unwanted gas supplies this winter as Asian demand for sea-borne shipments fizzles out, leaving dealers to seek out willing buyers at rock bottom prices. Caught in a sharp downward … Continue reading

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IMO adopts mandatory Code for Ships Operating in Polar Waters

The International Maritime Organization (IMO) has adopted the International Code for Ships Operating in Polar Waters (Polar Code), and related amendments to the International Convention for the Safety of Life at Sea (SOLAS) to make it mandatory, marking an historic … Continue reading

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7 Rescued from Sinking Freighter Near Haiti

Seven crewmembers were rescued after their 100-foot coastal freighter began taking on water and sank approximately 45 miles north off of Cap Haitien, Haiti, Friday. Watchstanders at the Coast Guard 7th District command center in Miami received a report from … Continue reading

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