Category Archives: Shipping News

Meet In India- “India Dry Bulk Cargo Summit 2015″

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: Dredging Corp. eyes inland waterways, foreign markets

State-owned Dredging Corporation of India Ltd is seeking to diversify from its core dredging activity and become a nodal agency for execution of integrated port infrastructure projects that include construction of berths and marine structures, chairman and managing director Rajesh … Continue reading

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Baltic sea freight index up on higher capesize rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday, mostly on higher capesize rates. The index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry … Continue reading

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Supply Chain Solutions Adopts CargoSphere Rate Technology Platform

CargoSphere, the leading, cloud-based global rate management solution and confidential Rate Mesh for the ocean and air transportation and logistics industries, today announces that Supply Chain Solutions (SCS), a leading supply chain management company, has adopted the CargoSphere rate technology platform … Continue reading

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CaroTrans Adds Direct Le Havre to Charleston Import Service

CaroTrans, a leading global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, today announces the addition of an expedited Le Havre, France to Charleston LCL import service.  This is the only direct, weekly Le Havre to Charleston LCL service … Continue reading

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MacGregor appoints Høye Høyesen as Vice President, Offshore Mooring and Loading Division

MacGregor reorganised into seven operative divisions in the beginning of 2015 to improve customer focus. Offshore Mooring and Loading Division drives the development of Systems and Equipment for Offshore Floating Units. MacGregor appoints Høye G. Høyesen (49) as Vice President, … Continue reading

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India: Govt moves to give guaranteed business to local ship owners

The government has scrapped a key restrictive tender policy requirement to ensure guaranteed business to local shipowners, in a bid to strengthen and promote the Indian shipping industry. In a public tender, an Indian ship has the so-called right of … Continue reading

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Shipping sector needs stronger climate policy – scientists

There is a “significant risk” shipping emissions will rise as the economy picks up, scientists have warned. Carbon dioxide emissions from international shipping fell 10% between 2007 and 2012, notes a commentary in Nature Climate Change, to 796 million tonnes … Continue reading

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Euronav – RESULTS OF U.S. EXCHANGE OFFER

Euronav NV (NYSE: EURN) (Euronext: EURN) (the “Company”) announces the results of its offer to exchange (the “U.S. Exchange Offer”) all of its unregistered ordinary shares that trade on Euronext Brussels (other than ordinary shares held by the Company’s affiliates) … Continue reading

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VIKING LifeCraft™ concept welcomed at IMO

This week, VIKING Life-Saving Equipment took an important step on the road to gaining approval for the VIKING LifeCraft™, its innovative alternative life-saving appliance (LSA) for passenger ships. The concept was presented to the International Maritime Organization’s Sub-Committee on Ships … Continue reading

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Strategic Marine delivers groundbreaking ‘triple first’ StratCat to Njord Offshore

Strategic Marine, a leading specialist shipbuilder and member of the TriYards Group, has delivered a world’s first to European windfarm service sector operator, Njord Offshore. This vessel builds on the success of the first eight 21m vessels built for Njord … Continue reading

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“Meet In India- Meet The World”

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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Asia Tankers-VLCC rates to stay flat as owners, charterers fight to give market direction

Rates for very large crude carriers (VLCCs) on key Asian routes could stay flat or slip lower next week as owners and charterers tussle to give the market direction in the face of fewer cargoes, brokers said. Ship owners were … Continue reading

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Yemen conflict may drive up marine insurance rates

Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupting the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia … Continue reading

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Gulftainer’s box terminals post 8pc growth in 2014 to 6.4 million TEU

UNITED Arab Emirates-based, privately owned port operator and logistics company, Gulftainer handled 6.4 million TEU across its global terminal portfolio in 2014, up eight per cent year on year. The year was defined by international expansion and investments in new … Continue reading

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Baltic sea index down as weak demand takes toll on vessel rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday as lack of demand took a toll on rates for most of the vessel segments. The index, which factors in the … Continue reading

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Asia-Europe down 5.5pc to US$586/TEU – transpac off 9pc to $1,639/FEU

SPOT rates from the Shanghai Containerised Freight Index (SCFI) on the Asia-north Europe route fell 5.5 per cent to US$586 per TEU last Friday, their lowest since June 2013 after eight straight weeks of declines, Reuters reports. Rates dropped nine … Continue reading

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Bunker fuel prices collapse in Suez on arrival of fresh cargo

Bunker fuel oil prices at the Egyptian port of Suez collapsed, following the delivery of a fresh cargo of 380 CST fuel, sources said. Delivered 380 CST fuel in Suez dropped by $290/mt to $350.50/mt Thursday, after having risen $250/mt … Continue reading

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Maritime Center To Fight Gulf of Guinea Piracy

The MMCC is one of many planned as a part of the ECOWAS Integrated Maritime Strategy to coordinate joint patrols, naval drills, training programs and intelligence sharing among the naval forces of the Gulf of Guinea Pilot Zone E. Located … Continue reading

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Low bunker price not good news for all

Lower bunker prices, port congestion and tonnage oversupply were among the key shipping issues last year highlighted by a panel of shipping and finance experts at the 8th Marine Money Hong Kong Ship Finance Forum this week. Jeffries Hong Kong … Continue reading

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Ukraine Arrests Turkish Ship for Visiting Crimean Port

Turkey owned merchant ship flying the flag of Tuvalu was arrested by Ukrainian authorities over a visit it made to a port in Crimea, reports Reuters. The ship’s captain detained. Tuvalu-registered 5,095 deadweight ton ship Kanton was being held in … Continue reading

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Container volume at Savannah rises 14.2pc in February to 284,037 TEU

CONTAINER throughput at Georgia Ports Authority’s (GPA) terminal at Savannah rose 14.2 per cent to 284,037 TEU in February. For the fiscal year beginning in July, GPA moved 2.32 million TEU, an increase of 13.7 per cent or 279,882 TEU, … Continue reading

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Panama Canal sets sights on new $17 billion expansion project

As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion that would allow it to handle the world’s biggest ships. Workers … Continue reading

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PSA to invest US$42 million to boost terminal capacity at Sines, Portugal

GLOBAL port group, PSA International of Singapore, is to invest EUR40 million (US$42.5 million) to enhance the annual capacity of its container terminal in Sines, 100 kilometres south of Lisbon, to 2.5 million TEU. PSA said the extra 800,000 TEU … Continue reading

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