Category Archives: Shipping News

“Meet In India- Building Strategies For Better Future”

Dry Bulk cargoes such as Coal, Iron Ore, Fertilizers etc. play a very crucial role in a country’s economic development. The Shipping Tribune is pleased to announce “India Dry Bulk Cargo Summit 2015″ A One Day Conference on 5th June 2015 … Continue reading

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Commodities shipping crisis adds to loan woes for Greek banks

The global slump in demand for dry freight commodities is adding more pain to Greece’s already crisis-hit banks by heaping pressure on many of their shipowner clients, particularly the smaller companies. This is in part pushing the banks to consider … Continue reading

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Atlantic gas swings leave LNG tankers torn over where to turn

Atlantic natural gas markets are seeing some of the biggest price swings in years as volatile European trade, freezing U.S. weather and Brazilian demand leave tankers torn over where to sail. The region’s gas markets, each taking turns as top … Continue reading

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Charles Taylor to acquire the management companies of The Strike Club

Charles Taylor announced that it has entered into an agreement to acquire three of the operating companies of SC Management, the independent, dedicated management companies of The Strike Club. In connection with this acquisition, which is subject to regulatory approvals, … Continue reading

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TSA to hike rate US$600/FEU March 9 and again on April 9

CONTAINER shipping lines of the quasi-conference, Transpacific Stabilisation Agreement (TSA), have reaffirmed their March 9 general rate increase (GRI) of US$600 per FEU for all shipments and reconfirmed another $600 per FEU rate hike for April 9. Restoring service levels … Continue reading

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Right to strike upheld – but needs defending

Following a worldwide trade union campaign to defend it, the right to strike has been re-affirmed at the International Labour Organization (ILO) in Geneva. ITF (International Transport Workers’ Federation) general secretary Steve Cotton explained: “Unions and employers meeting at the … Continue reading

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Seagull lands specialised training on deck

Seagull Maritime has extended its suite of computer-based training modules for the offshore sector, adding two courses focusing on deck safety onboard two specific vessel types that will be as useful for seasoned crew as they are for newcomers. The … Continue reading

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India’s iron ore exports declined sharply during Jan-Oct 2014

The Indian exports of iron ore saw huge decline during the initial ten-month period in 2014, indicates the latest statistics released by Indian Trade and Commerce Ministry. The iron ore exports from the country fell sharply by 26.2% during the … Continue reading

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Asian banks and investors challenge Europe’s dominance in ship finance

Asian banks and investors will step up funding to the maritime industry, posing a growing challenge for European lenders that have traditionally dominated ship finance, according to a survey by HSH Nordbank. “Asia’s ever-growing importance in shipping is strongly related … Continue reading

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Low Asian LNG price puts shipping in deep water

Declining Asian LNG prices have reduced margins on the long-distance LNG trade, causing spot-charter rates for LNG vessels to fall. High LNG prices in Asia made it profitable for producers in the Atlantic basin to deliver LNG to the Pacific, … Continue reading

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Maersk Line profit up 50pc to US$2.3 billion as sales rise 0.3pc in 2014

MAERSK Line, the world’s biggest container shipping company with a 15.5 per cent market share, has posted a 50 per cent year-on-year 2014 profit increase to US$2.3 billion, drawn on revenues of $47.56 billion, an increase of 0.3 per cent. … Continue reading

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Long running Auckland dispute ends in win for workers

The International Transport Workers’ Federation (ITF) is joining its affiliate the Maritime Union of New Zealand (MUNZ) in celebrating the signing of a new collective agreement for workers at the Ports of Auckland.   MUNZ had been locked in a … Continue reading

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New FPS LCL service cuts 11 days for Rotterdam-St. Petersburg traffic

FPS Famous Pacific Shipping BV – a Rotterdam-based neutral consolidator – has launched a new, weekly ocean LCL service from Rotterdam to St. Petersburg and vice versa for general groupage cargo. The service provides a direct alternative to the historic … Continue reading

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“Meet In India- Navigate The Future”

Dry Bulk cargoes such as Coal, Iron Ore, Fertilizers etc. play a very crucial role in a country’s economic development. The Shipping Tribune is pleased to announce “India Dry Bulk Cargo Summit 2015″ A One Day Conference on 5th June 2015 … Continue reading

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Shipping cos bank on Brazilian ore exports to up freight rates

Shipping companies are banking on increased iron ore exports from Brazil to China and India to shore up the dry bulk freight market, after it touched a new low earlier this month. While the tanker market was relatively buoyant the … Continue reading

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Cross-Mediterranean Aframax rates sink to near 5-month low on abundant tonnage

The cost of sending 80,000 mt crude oil cargoes on the cross-Mediterranean route has dropped to the lowest level in almost five months, with the tonnage versus cargo ratio currently weighted heavily in charterers’ favor. Rates on the route were … Continue reading

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Dock deal looks like union won right to fire labour arbitrators

INDICATIONS are that the dockers of the International Longshore and Warehouse Union (ILWU) have won the right to fire arbitrators whose rulings displease them. Details of the tentative agreement have not been released, but an Associated Press report said the … Continue reading

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Seaspan quarterly profit down 145pc, but revenue up 10.1pc

SEASPAN Corp, shipowner and charterer based in Vancouver, but administered from Hong Kong, has posted a 145 per cent net profit decline to US$27.7 million, drawn on quarterly revenues of $189.4 million, which increased 10.1 per cent. Revenue increases for … Continue reading

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Xiaomi appoints CEVA to manage its e-commerce distribution center in Malaysia

CEVA Logistics, a leading global supply chain management company, announced today that it has won a new contract with Xiaomi, the world’s third largest smartphone manufacturer, to operate their warehouse and distribution in Malaysia. Xiaomi’s unique business strategy of selling … Continue reading

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lander International Bunkering Welcomes Benedict Barlow to the Geneva Office as Bunker and Lubricant Trader

Glander International Bunkering, a world respected Bunker, Lubricant trading and brokering firm has appointed Benedict Barlow as Bunker and Lubricant trader for the Geneva office. Benedict Barlow began his career in offshore ship brokering and then specialized in the field … Continue reading

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An eventful year for containerships in a volatile demolitions market

2014 turned out to be a very hectic year for the demolition market and it became clear just how volatile the market really can be. Previous experiences tells us the end of the year is usually one of the busiest … Continue reading

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ABB advisory selected to boost fuel efficiency of Pioneer Marine’s new bulk carriers

Amarcon, an ABB Group company, today announced that the company will deliver SEEMP-compliant OCTOPUS-Onboard fuel monitoring systems for 12 Handysize bulk carriers that will be built by YangZhou GuoYu Shipbuilding Co., Ltd and delivered to the Singapore based owner Pioneer … Continue reading

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Low demand, oversupply of commodities and too many ships lead to plunging prices

The Baltic Dry index is a measure of the cost to move major raw materials by sea. The index has been slumping dramatically since peaking last in December 2013. At that time the index stood at 2277. The current level … Continue reading

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Asia-Mideast/India trade to surpass Asia-Europe volume if trends hold

THE share of volume on the Asia-Europe trade, of the Asia-Mideast/India subcontinent segment, has risen from 26 per cent in 2002 to 36 per cent in 2010 and now stands to rise to 42 per cent by 2018 if trends … Continue reading

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