Category Archives: Shipping News

Andrew Varney 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. Andrew Varney, Managing Director of Port2Port Maritime, will be addressing  at “The Shipping Tribune Conclave 2014: Facing the Challenges in Manning, Training and Piracy Control” a one day conference on Oct 6th, … Continue reading

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The shipping business gets ready — with new fees — for the dawn of cleaner fuels

The bunker fuel market in the Atlantic Basin is just a bit more than 100 days away from the next shift in the sulfur emissions cap on ships traveling within 200 miles of shore in North America and North West … Continue reading

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ATLANTIC PANAMAX DRY: Flat rates seen due to excess tonnage and weak demand

The Atlantic Panamax market was flat on Friday, with owners relying on US Gulf grain exports to raise the Atlantic market, but more cargo is needed to change sentiment, sources said. Front-haul rates were stable on Friday and the route … Continue reading

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Box Ships earns Sell from Clarkson Capital analysts after first half net loss

NEW YORK-listed Box Ships has earned a Sell rating from analysts at Clarkson Capital after a first half net loss, but an improved second quarter, reports American Banking & Market News. Box Ships posted a first half net loss of … Continue reading

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A-E rate sinks to US$908/TEU, transpac hits $2,086/FEU

SPOT rates continued to decline on both the transpacific and the Asia Europe route last week, according to the Shanghai Containerised Freight Index. SCFI figures show rates from Asia to north Europe fell US$147 to $908 per TEU. Services from … Continue reading

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Egypt must cut red tape to win investors in second Suez canal: law firm

Egypt must strip back bureaucracy to attract investment in its planned second Suez canal and bring in new laws making it easier for companies to get licences and land, a legal firm linked to the project said. Egypt plans to … Continue reading

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Lack of demand to keep chemical tanker market depressed: Stolt-Nielsen

The global chemical tanker market is expected to remain challenging over the next few years due mainly to a lack of demand and freight rates staying at below profitable levels, according to Niels G Stolt-Nielsen, ceo of Stolt-Nielsen Limited. “The … Continue reading

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Ethane shipping JV forms to build five VLECs

Luxemburg-based investment company Jaccar Holdings has partnered with Germany’s Hartmann Group to form a joint venture for ethane vessel trade and commercial management, which will include five Very Large Ethane Carriers (VLEC). The new company was dubbed “United Ethane Carriers,” … Continue reading

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Broker tells clients Asia-Europe rate sank to US$750 in the last week

RATES as low as US$750 per TEU were being offered between Asia and northwest Europe, according to Ricky Forman, a container forward freight agreement broker at London’s Freight Investor Services (FIS). Last time the rate sunk below $1,000 was in … Continue reading

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CMA CGM Amerigo loop adds Miami with breakbulk, outsize, hazmat capacity

MARSEILLES’ CMA CGM, the world’s third biggest container shipping company, will add a weekly call to the Port of Miami from October 1 on its new Amerigo Service as it develops market opportunities in Florida and Mexico, CMA CGM will … Continue reading

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IMO focuses attention on container safety

The first session of the IMO Sub-Committee on Carriage of Cargoes and Containers (CCC) took place on 8 – 12 September, 2014 at the Headquarters of the International Maritime Organization (IMO). Over one hundred issues, inter alia on container safety, … Continue reading

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Global Container Fleet market to grow at a CAGR of 4.54 percent by 2018

Container shipping is not the same as conventional shipping. This kind of shipping uses containers of different sizes to transport goods from one place to another. Almost 80 percent of global merchandise trade is carried by sea with container shipping … Continue reading

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US Maritime Commission puts the brake on 2M proposal while it consults China

It seems certain that the US Federal Maritime Commission (FMC) will “stop the clock” on its 45-day review of the Maersk Line/MSC 2M vessel sharing agreement (VSA) application, despite a hastily arranged visit last week from senior executives representing the … Continue reading

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Seagull Maritime responds on safety and security

Key areas of concern for seafarer safety and security in both marine and offshore operations have triggered the release of six new and one supplementary titles from computer-based training specialist Seagull Maritime. Third quarter 2014 releases include specific emphasis on … Continue reading

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Lilaas engages Imtra for North American distribution

Strong prospects in the North American marine equipment market have triggered a new importation and distribution agreement between control specialist Lilaas AS and well-known marine and offshore sales and support organization Imtra Corporation, of New Bedford, MA. The deal, initially … Continue reading

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India: The big fight for port cargo

The controversy over the functioning of stevedores and on-shore cargo-handling agents who load and unload bulk cargo onto and from ships at the non-mechanized berths at the 12 ports owned by the Indian government is primarily the outcome of a … Continue reading

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China Gets One-Meter Edge in Race for Biggest Freighter

In shipping these days, bigger is better. Even if it’s just one meter. China Shipping Container Lines Co. (2866) is ready to launch the largest container ship ever built, a 400-meter (1,300 feet) behemoth that stretches more than four football fields … Continue reading

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Bangladesh: Drastic fall in import of scrap ships due to poor demand

Import of scrap ships is falling gradually for the last couple of years mainly due to poor development works by the government and downtrend in private investments, industry insiders said. It fell by nearly 35 per cent in the last … Continue reading

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Reefer Box Capacity Forecast to Grow 22% Over Next Five Years

Reefer capacity on the containership fleet is expected to increase by 22% over the next five years, at the expense of a declining specialised reefer fleet, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast. Reefer box capacity … Continue reading

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ClassNK Issues New Rules and Guidance for Inland Waterway Ships

Leading classification society ClassNK (Chairman and President: Noboru Ueda) has released new technical rules and guidance for the survey and construction of inland waterway ships. As a result of ClassNK’s recent expansion of its global activities, in particular across South … Continue reading

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China’s thermal coal market sees limited support from pre-winter stocking

China’s domestic thermal coal market may not get much support from pre-winter stocking in the seasonally strong fourth quarter, this year, due to high stocks at power utilities, which are running on relatively low capacity amid rich hydropower and a … Continue reading

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MacGregor secures RoRo cargo access equipment order from South Korea

MacGregor, part of Cargotec, has won an order from Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea for the design and delivery of MacGregor RoRo cargo access equipment. It is destined for a 180m logistics and support vessel (LSV) … Continue reading

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BIMCO: The People’s Bank China initiates economic counterstrike

People’s Bank of China has silently initiated a monetary counterstrike as the number of weak macroeconomic indicators mount. Earlier this week, the slowdown in Chinese industrial production growth was another indicator of a slowing GDP growth level in the World’s … Continue reading

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IRClass Academy Highlights Impact of Upcoming Regulations on Wreck Removal

The Nairobi International Convention on wreck removal was ratified by India recently and will be enforceable from April next year. This will place financial responsibility for the removal of certain hazardous wrecks on shipowners. Acknowledging this change, the IRClass Academy … Continue reading

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