Category Archives: Shipping News

ASIC holds first ‘5-A-Side Soccer’ tournament in Kolkata

THE Association of Shipping Interests in Calcutta (ASIC) recently organised a unique event—‘5-A-Side Soccer’—which saw the participation of shipping lines/agents, Port Trust, Customs, freight forwarders, ICD/CFS operators, Customs brokers and ex-im companies. The tournament was the first-of-its-kind in the city. … Continue reading

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Inspecting Class Society Ownership Trends

Classification societies play an integral part in maintaining the safety and technical standards of the global fleet. The International Association of Class Societies (IACS) helps unify standards but the ownership of the tonnage classed by both IACS and non-IACS members … Continue reading

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Cabinet approves agreement between India, Jordan on maritime transport

The Union Cabinet chaired by Prime Minister Narendra Modi today gave its approval for signing of a shipping agreement between India and Jordan. Recognizing the significant mutual benefit that can be derived from cooperation in the area of shipping between … Continue reading

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Seattle-Tacoma March up 21pc to 361,951 TEU, up 3pc year-to-date

CONTAINER at Seattle and Tacoma in March rose 21 per cent year on year to 361,951 TEU, showing that the ports are recovering from the congestion caused by four months of docker slowdowns. The Seattle-Tacoma port complex in the first … Continue reading

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Strong tanker market extends peak season high earnings

In the first quarter of 2015, tanker earnings for crude oil tankers have climbed to new strong levels, with averages not seen since 2008. The demand for crude oil tankers remain high even though the winter months are far behind … Continue reading

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IBIA underlines strong Singapore ties and calls for greater use of latest ISO specs

The special relationship that the International Bunker Industry Association (IBIA) enjoys with Singapore’s Maritime & Port Authority (MPA) was underlined at the annual IBIA Asia dinner this week. Singapore is a signatory to IBIA’s Port Charter designed to raise bunkering … Continue reading

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ContainerTug designs mini version that can be moved as easily as a TEU box

CONTAINERTUG has developed a tug boat that can be handled like a 20-foot container can be shipped around the globe and trucked to even the remotest of locations by a 4×4 / 6×6 truck with a knucklehead crane. According to … Continue reading

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Shipowners urged to refrain from new orders amid abundance of capital

Shipowners have been urged to exercise restraint on the ordering of new ships amid the lure of readily available capital in the market, and bearing in mind the continuing oversupply of tonnage, according to DNB Asia. Andreas Ostern, senior vice … Continue reading

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HIT’s stevedoring contractors sign deal to cover dockers’ 5.5pc pay hike

HONGKONG International Terminals (HIT) has announced agreements with independent stevedoring contractors that cover the costs of a 5.5 per cent cross-the-board raise for the Hong Kong dockers they employ for 2015-2016. The Hutchison unit said it has strengthened communication with … Continue reading

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Eco lobbies claim new box ships are less fuel-efficient than old ones

NEW containerships built in 2013 were are 10 per cent less fuel-efficient than those built in 1990, according to a new study, commissioned by two Brussels-based state-funded eco lobbies, Seas at Risk and Transport & Environment. These findings contradict ever … Continue reading

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SGX-Listed EMS Energy Proposes Merger With Turnkey EPCM Provider Koastal Group For S$150M; Accelerates Transformation To An Integrated O&M Services Provider

SGX Catalist-listed EMS Energy Limited (“EMS” and together with its subsidiaries, the “Group”) announced today its plans to merge with Koastal Pte Ltd and its subsidiaries (the “Koastal Group”), an Engineering, Procurement and Construction Management (“EPCM”) player, in a major … Continue reading

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County Cork Lusitania anniversary conference to welcome Maritime Labour Convention to Ireland

Global union federations the IUF and ITF, assisted by Belgian trade unions, yesterday used the Brussels Seafood Expo to spotlight human rights abuses by Philippines’ tuna giant Citra Mina. Unions demonstrated outside the venue to expose the deplorable conditions and … Continue reading

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India Dry Bulk Cargo Summit: Come, Join & Benefit From The Opportunity To Connect, Confer & Conduct Business

The Shipping Tribune is pleased to announce “India Dry Bulk Cargo Summit 2015″ A One Day Conference on 5th June 2015 at Holiday Inn, Andheri (East), Mumbai. Industry professionals from different parts of the world are participating in this conference, making the … Continue reading

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India: Port liberalisation plans challenged by wider regulatory hurdles

Prime Minister Narendra Modi is planning an ambitious programme of infrastructure and port development as part of India’s drive to develop its industrial manufacturing sector. Although critical to India’s long-term competitiveness, port liberalisation and expansion will continue to be slowed … Continue reading

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India: Ballast water treatment rules pose challenge to shipping industry

New and expensive global regulations to deal with a ship’s ballast water that will take effect soon are engaging the attention of the maritime industry. The Ballast Water Management Convention 2004 adopted by the International Maritime Organization (IMO) will require … Continue reading

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Novorossiisk bunker fuel operations resume, suppliers face severe delays: traders

Bunker fuel oil operations at the Russian Black Sea port of Novorossiisk have resumed after a storm, with suppliers facing sever delays with deliveries, traders said Thursday. “Bunker deliveries have been suspended for a total of six days due to … Continue reading

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CMB Strengthens Cash Position In Difficult Dry Bulk Markets

CMB’s executive committee has reviewed the results recorded for the first quarter of 2015.   The consolidated result for the first quarter of 2015 amounts to USD -39.561.000 (2014: USD-3.110.000 USD). Bocimar contributes USD -41.274.000 (2014: USD -4.362.000) to the … Continue reading

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Euronav to Announce Q1 2015 Results On Thursday 30 April 2015

Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) will release its first quarter 2015 earnings prior market opening on Thursday 30 April 2015 and will host a conference call at 9:30 a.m. EST / 3:30 p.m. CET … Continue reading

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World trade unions hold tuna giant to account at Belgian expo

Global union federations the IUF and ITF, assisted by Belgian trade unions, yesterday used the Brussels Seafood Expo to spotlight human rights abuses by Philippines’ tuna giant Citra Mina. Unions demonstrated outside the venue to expose the deplorable conditions and … Continue reading

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Clean Handysize Black Sea-Med freight rates in quickest weekly drop

Freight rates on the clean Handysize Black Sea-Mediterranean voyages, basis 30,000 mt dropped Worldscale 110 between Tuesday April 14 and Tuesday April 21, the quickest week-on-week decline since Platts started assessing the route. The rates plummeted from a 6.5 year … Continue reading

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Shipping industry calls on EU leaders to be decisive and immediately increase Mediterranean search and rescue resources

In advance of the emergency EU Council Summit tomorrow (Thursday 23 April) to address the migrant crisis in the Mediterranean, the European and global shipping industries insist that the urgent priority is for EU Member States to immediately launch a … Continue reading

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Baltic index slips on lower capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell slightly on Wednesday on lower capesize rates. The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry … Continue reading

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All on board for Norway Night

More than 240 senior executives from the global maritime industry attended the inaugural Norway Night this evening as part of Singapore Maritime Week. The gathering at The Lantern, Fullerton Bay Hotel was to celebrate the maritime links between the two … Continue reading

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Sailors’ Society invests in seafarer education with sponsorship of MaritimeONE scholarships

Sailors’ Society, one of the largest seafarer support charities operating internationally, is to sponsor four scholarships on two diplomas offered under the MaritimeONE programme. Under the terms of the sponsorship, the charity will invest S$10,000 to fund a three-year scholarship … Continue reading

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