Category Archives: Shipping News

Boxships Colombo Express-Maersk Tanjong Collided at Suez Canal

The Suez Canal Authority are now trying to pick up the containers dropped from the 8,749-TEU Hapag-Lloyd container vessel Colombo Express following a collision with the Maersk Tanjong early this morning in the Suez Canal. The “Colombo Express” has collided … Continue reading

Posted in Shipping News | Leave a comment

S. Korean Ship Runs Aground, Everyone Rescued

A South Korean cruise ship ran aground off the southwestern coast Tuesday but all of the 109 people aboard the vessel have been rescued, coast guard officers said. The incident came as South Korea is still struggling to deal with … Continue reading

Posted in Shipping News | Leave a comment

GCC ports to address challenge facing $7.3 billion logistics sector

Booming GCC logistics sector continues to pile pressure on region’s ports as trade demand outpaces infrastructure development; multi-billion dollar port expansion programmes and new GCC rail network to transform maritime landscape but current bottlenecks to be addressed at high-level Seatrade … Continue reading

Posted in Port News, Shipping News | Leave a comment

Test Frame ‘Pieter Schelte’ at BOW Terminal Vlissingen

BOW Terminal is awarded by Volker Staal en Funderingen to store the MSF (Module Support Frame). At the BOW Terminal this frame (weight approximately 1,500 tons) will be modified by Volker Staal en Funderingen for testing parts of the capabilities … Continue reading

Posted in Shipping News | Leave a comment

Intellian FB500 approved for Inmarsat XpressLink

Inmarsat (LSE:ISAT.L), the leading provider of global mobile satellite communications services, today announced that Inrellian a leading global provider of stabilised satellite antenna systems, has been selected to deliver XpressLink services across its FB500 antenna. XpressLink is the world’s leading, fully-integrated … Continue reading

Posted in Shipping News | Leave a comment

Conclave Receiving Massive Response, Participation From All Corners of The Country and Other Maritime Nations

It is said that, success isn’t just about what you accomplish in your life, its about what you inspire others to do. This is what precisely what our stalwarts from the Shipping Industry have done. Today, it is estimated that … Continue reading

Posted in Local News, Shipping News | Leave a comment

India’s coal imports to jump 60-65 mln T/yr after court scraps concessions

India’s annual coal imports could jump by as much as a third to more than 200 million tonnes for the next few years as a result of a court ruling this week that will halt mining of the resource by … Continue reading

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

Caribbean Suezmax rates boosted by tight tonnage, hot West Africa market

Caribbean SuezmaxActivity in the West Africa Suezmax market remained at a high boil Friday and the heat was felt in the Caribbean, where freight rates hit a six-week high, shipping sources said. Suezmax rates in West Africa have increased by … Continue reading

Posted in Shipping News | Leave a comment

International Chamber of Shipping says clarity needed ahead of 2015 ECA shift

The International Chamber of Shipping reiterated its call for clarity on how stricter sulfur emissions caps will be enforced in January ahead of an International Maritime Organization meeting next month. Next year, ships traveling within 200 miles of shore in … Continue reading

Posted in Shipping News | Leave a comment

Shenzhen to offer US$32.6 million annually to cut ship, port emissions

THE Shenzhen municipal government has announced an offer up to CNY200 million (US$32.6 million) a year to cut ship and port emissions starting October 1. Under the scheme, port and ship operators will be encouraged to install and use shore … Continue reading

Posted in Port News, Shipping News | Leave a comment

Asia-Europe off 9.9pc to US$822/TEU, transpac down 7.5pc to $1,930/FEU

SPOT rates on the Asia-Europe route fell to an 11-week low, dropping 9.5 per cent from the previous week to US$822 per TEU, according to the Shanghai Containerised Freight Index (SCFI). Last week’s SCFI Asia-Mediterranean rates were down 9.1 per … Continue reading

Posted in Shipping News | Leave a comment

OOCL cancels Asia to US west coast sailing on CC2 Service

HONG KONG’s Orient Overseas Container Line (OOCL) has announced the cancellation of one Asia to US west coast sailing on the Central China 2 (CC2) service. In response to seasonal changes in market demand, OOCL will cancel a CC2 sailing … Continue reading

Posted in Shipping News | Leave a comment

‘K’ Line fined US$67 million for ro-ro price fix, July share sale pays bill

JAPANESE shipping giant “K” Line has been fined US$67.7 million by the US Justice Department for a ro-ro price fixing scam with the fine to be paid by money raised from a July 31 share sale. The company press release … Continue reading

Posted in Shipping News | Leave a comment

IPPTA Felicitated at MALA 2014

The Indian Private Ports & Terminals Association – (IPPTA) was felicitated at the MALA award function recently held in Mumbai, for services rendered to the port sector in the past one decade. IPPTA, since its inception in 2003, has been … Continue reading

Posted in General News, Shipping News | Leave a comment

Surging Middle East Oil Refining Increases Tanker Rates

TankerThe oil-refining wave in the Middle East is filling tankers to export the region’s processed fuels and driving freight rates to the highest for the time of year since 2008. Countries from Saudi Arabia to the United Arab Emirates will … Continue reading

Posted in Shipping News | Leave a comment

With DOT support, maritime industry leans forward on environmental stewardship

President Obama has taken unprecedented action to build the foundation for a clean energy economy, tackle the issue of climate change and protect our environment. The maritime industry understands and embraces this thinking not only because it makes sense, but … Continue reading

Posted in Shipping News | Leave a comment

VLCC freight premium for West Africa loading widens as owners prefer short hauls

Worldscale rates for VLCCs on West Africa-to-Far East routes are at steep premiums to rates for Persian Gulf loadings due to many owners’ resistance to long voyages, market participants said Friday. The Persian Gulf-to-Far East route was assessed at w34 … Continue reading

Posted in Shipping News | Leave a comment

Somali pirates in ‘deadly clashes over ransom’

At least five people have died in Somalia in clashes between pirates fighting over a ransom paid for a recently released hostage, sources have told the BBC. The gunfight broke out in the central town of Galkayo on Thursday afternoon. … Continue reading

Posted in Shipping News | Leave a comment

DNV GL: New recommendations to avoid jacking system failure

A joint industry project on jacking system maintenance and inspection has resulted in a new DNV GL Recommended Practice. This provides guidance to ensure the correct and safe functioning of rack and pinion style jacking systems. The objective is to … Continue reading

Posted in Shipping News | Leave a comment

Maersk warns of coming BAFs as eco-fuel bill will be US$200 million higher

COSTLY low-sulphur fuel, mandated for north European waters from January 1, will cost Maersk Line US$200 million a year more and will be passed on to shippers in bunker surcharges, said CEO Soren Skou. Speaking at a capital markets day … Continue reading

Posted in Shipping News | Leave a comment

Mr. Sanjeev S. Vakil to speak at “The Shipping Tribune Conclave 2014: Facing the Challenges in Manning, Training and Piracy Control”

The Shipping Tribune is pleased to announce that Mr. Sanjeev S. Vakil, C.E.O, Hindustan Institute of Maritime Training, will be addressing at “The Shipping Tribune Conclave 2014: Facing the Challenges in Manning, Training and Piracy Control” a one day conference … Continue reading

Posted in Local News, Shipping News | Leave a comment

Policy Boost for Coastal Shipping : Govt. Announces Policy Guidelines on Priority Berthing and Incentives for Modal Shifting

The share of coastal shipping in India is low when compared with Europe and other nations in Asia where it has flourished due to focused policy interventions. The Narendra Modi-led government is turning its attention to promoting coastal shipping, which … Continue reading

Posted in Local News, Shipping News | Leave a comment

Singapore ex-wharf 380 CST Oct bunker fuel contracts concluded $4.75-6/mt

Singapore 380 CST October bunker fuel contracts, on an ex-wharf basis, have been concluded at premiums of around $4.75-6/mt, to the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments, market sources said this week. That compared with … Continue reading

Posted in Shipping News | Leave a comment

Capt. Satya Sahoo to speak at “The Shipping Tribune Conclave 2014: Facing the Challenges in Manning, Training and Piracy Control”

The Shipping Tribune is pleased to announce that Capt Satya Sahoo, Managing Director, Brukaan Ship and Offshore will be addressing at “The Shipping Tribune Conclave 2014: Facing the Challenges in Manning, Training and Piracy Control” a one day conference on Oct … Continue reading

Posted in Local News, Shipping News | Leave a comment