Category Archives: Shipping News

TSA Lines Tackle Sharply Rising Costs for Low-Sulfur Fuel

Asia-U.S. container shipping lines in the Transpacific Stabilization Agreement (TSA), facing an average US$365 per ton low-sulfur fuel price differential at the beginning of 2015 – as environmental rules mandate a shift to cleaner marine gas oil (MGO) within North … Continue reading

Posted in Shipping News | Leave a comment

Guardian Maritime launch Greenwater piracy barrier

Following on from the continued worldwide success of its GUARDIAN™ anti – piracy barrier, Guardian Maritime are proud to announce the launch of GUARDIAN Greenwater. GUARDIAN Greenwater has been developed, following customer demand, to deal with the issue of greenwater … Continue reading

Posted in Shipping News | Leave a comment

ClassNK completes work on KOTC vessel MUTRIBA

Leading classification society ClassNK (Chairman and President: Noboru  Ueda) announced that it has completed work on the 31,445GT Product Tanker MUTRIBA, built by Hyundai Mipo Dockyard Co., Ltd. (HMD) as part of a series of  vessels being constructed for the Kuwait … Continue reading

Posted in Shipping News | Leave a comment

Seatrade, Saudi Aramco announce second annual Global Workboats Technology Forum

The 2014 edition of the biennial Seatrade Middle East Maritime will be the host event for the second annual one-day Global Workboats Technology Forum at which a line-up of renowned international experts will present a series of technical papers on … Continue reading

Posted in Shipping News | Leave a comment

BNCT Celebrates a Strong Future with a Strong Team in Busan’s New Port

Last week, Busan New Port’s newest container terminal held a company-wide event with the whole BNCT family including labor unions and subcontractors to commemorate great results since opening January 1, 2012 and to celebrate an even more promising future together. … Continue reading

Posted in Port News, Shipping News | Leave a comment

Raytheon Anschütz delivers new Tactical Command System

Raytheon Anschütz, a leading German-based manufacturer of naval integrated bridge systems, announces a series of deliveries of the newly developed Synapsis Tactical Command System (SYNTACS). The first delivery was made in summer 2014, with final delivery in winter 2015. SYNTACS … Continue reading

Posted in Shipping News | Leave a comment

Trade union wins in Aqaba dispute

The ITF (International Transport Workers’ Federation) is pleased to announce that port workers at the Aqaba Container Terminals (ACT) facility in Jordan run by APM Terminals have gained a victory following international protests against a police roundup of union members. … Continue reading

Posted in Shipping News | Leave a comment

FONASBA Hosts Gothenburg Annual Meeting

FONASBA’s 2014 Annual Meeting in Gothenburg elected a new Executive Committee and two new members and also reaffirmed the Federation’s commitments to its core values and activities. After completing her term of office, Marygrace Collins of the USA handed the … Continue reading

Posted in Shipping News | Leave a comment

Early Nov VLCC of North Sea Forties crude fixed for Korea: source

South Korean refiner SK Energy has bought one VLCC of Forties from the November loading program of UK North Sea grade Forties, a source close to the company said Tuesday. The 270,000 mt Ingrid was reported by shipbrokers to be … Continue reading

Posted in Shipping News | Leave a comment

Comforting sounds from China: GDP and Industrial Production

The economic news from China this morning were somewhat comforting but highlights that the economy activity in the world’s largest economy is certainly slowing down. Behind the headline GDP, other economic indicators such as industrial production, electricity consumption, credit growth … Continue reading

Posted in Shipping News | Leave a comment

Shipping’s low sulphur fuel challenges

While the shipping industry scored a significant victory in terms of regulation with the IMO agreeing to review the Ballast Water Management Convention, however, it continues to face many other issues in areas such as emissions. At Denmark’s recent maritime … Continue reading

Posted in Shipping News | Leave a comment

Clyde & Co advises on joint venture between DOT Holdings AS and Pacific Radiance Limited

International law firm Clyde & Co advised DOT Holdings AS on the establishment of a joint venture in Singapore with Pacific Radiance Limited. The joint venture company will be engaging in the business of owning and chartering offshore support vessels. … Continue reading

Posted in Shipping News | Leave a comment

Shipping Industry Wants Green Initatives But Needs More Options

A recent survey carried out by the Institute of Marine Engineering, Science and Technology (IMarEST) together with Colfax Fluid Handing, a leader in pumps, systems and Smart Technology solutions for the marine industry, has highlighted that 88% of the industry … Continue reading

Posted in Shipping News | Leave a comment

Shenzhen Yantian Port Holdings Net Profit Down 3.8pc to Us$66 Million

SHENZHEN Yantian Port Holdings posted a net profit of 3.8 per cent year on year to CNY16.3 million (US$2.6 million) in 2012, drawn on revenues of CNY22.29, down 12.2 per cent. It’s subsidiary, Yantian International Container Terminals (YICT), handled 2.89 … Continue reading

Posted in Port News, Shipping News | Leave a comment

G6 Alliance announces Asia-U.S. West Coast Winter Programme

In response to seasonal changes in market demand, the members of the G6 Alliance have announced the temporary suspension of their Central China (CC2) service between Asia and the U.S. West Coast until further notice. The last sailing for CC2 … Continue reading

Posted in Shipping News | Leave a comment

NAVICO ACQUIRES MARIS (MARITIME INFORMATION SYSTEMS A/S)

Navico Holding AS, parent company to the Simrad brand of navigational marine electronics, has reached an agreement to acquire MARIS (Maritime Information Systems A/S) from The Grieg Group. MARIS is a leading supplier of data solutions to the commercial maritime … Continue reading

Posted in Shipping News | Leave a comment

Nordic Maritime is awarded 2D Marine Seismic combined with OBN by Mitra Energy

Singapore-based offshore specialist Nordic Maritime in collaboration with PT. Alamjaya Makmur Sejahtera, was awarded a contract worth more than USD2 million to provide 2D seismic marine acquisition services utilising OBN (Ocean Bottom Node) technology to Mitra Energy Indonesia. Nordic Maritime’s … Continue reading

Posted in Shipping News | Leave a comment

Shipping lines maintain services in Ebola-hit countries

THE world’s top container shipping line are determined to maintain services to Ebola hit Liberia, Sierra Leone and Guinea despite seeing a considerable drop in cargo volumes over the past few weeks. Fear of contamination from exported goods has dampened … Continue reading

Posted in Shipping News | Leave a comment

South Korea Sep thermal coal imports down 1% year on year to 7.06 million mt

South Korea’s imports of thermal coal in September fell 1% year on year to 7.06 million mt, which was 9% down from August to the lowest monthly total this year as flows from Indonesia continued to decline, customs data showed … Continue reading

Posted in Shipping News | Leave a comment

Ports worldwide restrict ship entry from Ebola hit countries

SHIPS that have called in a West Africa country affected by the Ebola outbreak are required to contact their local agents before arrival at ports of call for the latest country specific advice, an advisory from the International Transport Intermediaries … Continue reading

Posted in Shipping News | Leave a comment

What’s Left In Shipping’s Aladdin’s Cave, Captain?

Eleven years ago in 2003, when China opened its doors and the steel boom got underway, the shipping community was suddenly presented with an Aladdin’s Cave of cargo. Unlike Japan and Korea, China had not locked in the fleet of … Continue reading

Posted in Shipping News | Leave a comment

Ending ship pollution fund too soon risks damaging litigation: ICS

A SYSTEM of compensation for oil pollution from ships is at risk because governments plan to end the 1971 International Oil Pollution Compensation Fund (IOPCF) this week, reports London’s Tanker Operator. At this week’s IOPCF meeting in London, the International … Continue reading

Posted in Shipping News | Leave a comment

Virginia port erases quarterly loss as monthly volume hits 201,113 TEU

THE Port of Virginia posted an 8.6 per cent year on year container volume increase in September to 201,113 TEU, recording the third straight month throughput hit 200,000 TEU. It also erased last year’s US$3.4 million quarterly operating loss with … Continue reading

Posted in Port News, Shipping News | Leave a comment

Emerging Opportunities In Indian Ports and Shipping Sector

The Shipping Tribune is pleased to announce “Emerging Opportunities In Indian Ports and Shipping Sector” a one day conference on February 6th, 2015 at Holiday Inn, Andheri (East), Mumbai, Introduction & Objective The emerging -global economy has opened up new avenues … Continue reading

Posted in Local News, Port News, Shipping News | Leave a comment