Category Archives: Shipping News

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

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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

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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

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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

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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

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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

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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

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Falling bunker fuel prices pull down dry bulk and tanker freight rates

Falling bunker fuel prices are putting downward pressure on freight rates for dry bulk and tanker vessels operating in Northwest Europe, market sources said. Freight rates Panamax coal route from Ventspils, Latvia, to Rotterdam, basis 70,000 mt, were assessed Thursday … Continue reading

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Emissions from shipping set to sky rocket if not regulated says report

The commercial shipping sector is responsible for a billion tonnes of greenhouse gas emissions a year, a little more than Germany, and its contribution is set to skyrocket, according to a new pressure group report. Bill Hemmings, of pressure group … Continue reading

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Asia-Europe rates fall, but transpac up 11.5pc to US$1,239/FEU

THE Shanghai Containerised Freight Index (SCFI) fell 51.69 points to 911.03 last Friday, but also registered a US$248 gain to hit $2,139 per FEU to the US west coast. And rates from Shanghai to the east coast of South America … Continue reading

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The Indian Ocean’s $18-Billion Piracy Stakes

“(The) Indian legal system lacks (a) clear and unambiguous mechanism to prosecute maritime pirates.. Piracy off the coast of Somalia has been a threat to international shipping and trade.” This was Ranjit Sinha, chief of Central Bureau of Investigation (CBI), … Continue reading

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Maersk ups rate US$900/TEU as Shanghai index ends week at $705/TEU

MAERSK Line, the world’s biggest container carrier, is raising its Asia-north Europe rate by US$900 per TEU from November 1 after rates had fallen as low as $600. According to the Shanghai Containerised Freight Index, spot Asia-Europe rates stood at … Continue reading

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Singapore’s MPA further discuss with European Port Authorities on harmonising LNG bunkering standards and procedures

The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG) bunkering focus group discussion on 14 and 17 October, held in conjunction with the Singapore … Continue reading

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Tanker Runs Aground in Amazon River

On October 8, on her way to Manaus City for a cargo discharge from Rio De Janeiro, Brazil, on her 8th voyage up the Amazon river, MT Seychelles Patriot ran aground on shifting sand and mud banks in the middle … Continue reading

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Completing 40 years of WISTA International

At the 34th WISTA International AGM & Conference in Limassol, Cyprus with the theme: Shipping Connects President Sanjam Sahi Gupta was elected to the board of WISTA International.She is the first Indian lady and the youngest to be on the board. The … Continue reading

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Oil Tankers to China Jump to Nine-Month High Amid Crude Rout

The number of supertankers sailing toward China’s ports surged to a nine-month high amid speculation an oil-price slump is encouraging the world’s second-biggest crude importer to accelerate purchases. There are 80 very large crude carriers, the industry’s biggest ships, sailing … Continue reading

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India’s 12 big ports see first signs of revival in cargo growth

At the half way stage of the current fiscal year that began in April, the 12 ports owned by the Indian government loaded 288.48 million tonnes (mt) of various cargo, 4.2% more than the 276.85 mt handled during the same … Continue reading

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ICS welcomes dramatic IMO progress on ballast water issues

Governments attending the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC) this week have made real progress towards agreeing solutions to major issues that have previously impeded ratification of the IMO Ballast Water Management Convention, says the International Chamber … Continue reading

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Coast guard moves to prevent ‘environmental issue’ as ship drifts off Haida Gwaii

Members of the Canadian Coast Guard are trying to avoid an “environmental issue,” as they attempt to secure a Russian cargo ship drifting in five-metre swells off B.C.’s northern coast. Navy Capt. James Clark said Friday evening that the coast … Continue reading

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Shipowners brush off effect of new Chinese tax law

The effects of the recent introduction of a new tax law in China that will affect shipping firms have yet to be seen but the consensus among the shipping industry is that enforcement will be difficult and provided contracts are … Continue reading

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ClassNK releases new guidelines for exhaust gas cleaning systems

Leading classification society ClassNK (Chairman and President: Noboru Ueda) announced that it has released Guidelines for Exhaust Gas Cleaning Systems. These guidelines cover class safety requirements as well as safety requirements stipulated in the IMO guidelines. The MARPOL Convention Annex … Continue reading

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Asia Dry Bulk-Capesize rates continue to fall on cargo woes

Rates for capesize bulk carriers on key Asian routes are again likely to fall as the volume of tonnage limits any price gains from an increase in chartering activity, brokers said. Freight rates for a voyage from Australia to China … Continue reading

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Lack of high sulfur fuel oil cargoes leaves West Mediterranean bunker market dry: traders

A lack of high sulfur fuel oil cargoes has left the West Mediterranean HSFO bunker market facing a shortage of spot availability, traders said Thursday. Thin supply in Northwest Europe at the end of September and first decade of October … Continue reading

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ITF complains to Jordanian govt over Aqaba port arrests

The ITF (International Transport Workers’ Federation) has contacted the government of Jordan over the arrests on Tuesday of around 150 trade unionists at the Aqaba Container Terminals facility run by APM Terminals. The port workers had begun a strike on … Continue reading

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