Latest News

Germany’s HSH Nordbank sees risk of falling short in ECB tests

Germany’s HSH Nordbank expressed confidence in its capital safety buffers on Friday, but acknowledged it could still fall short in a European Central Bank (ECB) test of the state-backed lender’s ability to withstand financial shocks. HSH, long seen as vulnerable … Continue reading


World’s biggest, 2nd biggest lines ask Washington for permission to tie-up

THE world’s biggest and second biggest shipping lines, Maersk and MSC, have sought permission from the US Federal Maritime Commission (FMC) to form a vessel sharing agreement called the 2M. Copenhagen’s Maersk Line and Geneva’s Mediterranean Shipping Company (MSC), have … Continue reading

CMA CGM up-sizes

Throughput boost at CMA CGM

CMA CGM has reported a $94m profit in the second quarter, down from a $268m profit in the second quarter 2013, where the company recorded $248m of one-off gains from the sale of Terminal Link. Volumes carried by the French … Continue reading

Somalia flag

Somalia takes maritime dispute with Kenya to United Nations

Somalia has taken its maritime border dispute with Kenya to the United Nations’ top court which could settle a dispute and pave the way for oil and gas exploration. The International Court of Justice (ICJ) in a statement said Somalia … Continue reading


American GDP up 4.2pc in second quarter after 2.1pc first quarter decline

AMERICAN gross domestic product grew 4.2 per cent in the second quarter, according to the US Commerce Department after the first quarter delivered a 2.1 per cent decline. New growth was attributed to robust exports, which increased 10.1 per cent … Continue reading

VIKING Life-Saving Equipment

VIKING Saatsea puts crew training in its place

SMM 2014 sets the scene for a fundamental change in the way shipowners and offshore asset owners train their crews to comply with STCW and OPITO requirements, and the systems they use to track and report on such certifications. And … Continue reading


Social justice at sea narrows racial wage gaps, improves conditions

EUROPEAN seafarers still command better wages than others though the gap is narrowing, says a spokesman for seafarer wage benchmarking consultancy Precious Alliance, reports Lloyd’s List. Differences are not huge. “You are not looking at double wages. There is a … Continue reading

tanker sector

New digital database is released to support tanker sector

Tanker is the latest addition to the ever expanding portfolio of Shipping Guides Ltd, the leading industry specialist in publishing port, harbour and terminal information. FindaportCD is an annual subscription service that enables its customers to access the most comprehensive … Continue reading

crude supplier Saudi ship

Saudi crude exports fall in June as domestic demand rises

Saudi crude exports fell in June to their lowest levels in almost three years as oil use in the country’s power sector rose and local refineries processed high volumes, official data showed. Saudi Arabia exported 6.946 million barrels per day … Continue reading


JITF LTD – SULA project driven partnership announcement

JITF LTD, a wholly owned subsidiary of Jindal Saw Limited and SULA Shipping & Logistics Private Limited, pioneers of transhipment and barging of coal at Sandheads for the Farakka transhipment project, announced a project driven partnership. Together JITF and SULA have not … Continue reading

Container ship

U.S.’s Scorpio, China’s BoCom Order Five Triple E Giant Container Vessels

Scorpio Group, one of the world’s biggest tanker and bulk operators, and China’s Bank of Communications Co. have ordered a total of five giant Triple E container vessels that will be leased to Switzerland’s Mediterranean Shipping Co., people involved in … Continue reading


Shipowners and operators use outdated forms when reporting marine casualties

In April 2013 the US Coast Guard (USCG) notified the industry that forms CG-2692 “Report of Marine Casualty” and CG-2692B “Report of Required Chemical Drug and Alcohol Testing Following a Serious Marine Incident” had been revised. Although there are apparently … Continue reading

panamax ship1

ATLANTIC PANAMAX DRY: Sentiment rises on mineral inquiries from US

Sentiment in the Atlantic shipping market rose Thursday as sources reported a number of fresh mineral requirements from the US Gulf and East coasts. Platts assessed the coal route from Hampton Roads, Virginia, to Rotterdam, basis 70,000 mt at $10.50/mt, … Continue reading

THE International Longshore and Warehouse Union

Employers, ILWU reach tentative accord on health benefits as talks continue

THE International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) have announced that they have reached a tentative agreement on health benefits, subject to agreement on the other issues. The parties have agreed not to discuss the … Continue reading

Iron Ore Exports

Brazil’s iron ore exports rose in July 2014

Brazil accounts for almost 25% of global iron ore trade volume. It’s the second largest iron ore exporting country. It’s also home to Vale, one of the largest mining companies. So shipments out of Brazil are a key metric to … Continue reading


Exmar:- HALF YEAR RESULTS as per 30 June 2014

The board of directors of EXMAR has approved the accounts for the period ending 30th June 2014. This press release also refers to the one distributed on 31st July 2014 (provisional results). Highlights of recent developments are: – Significant Capital … Continue reading

Greek port of Piraeus

Piraeus Port posts flat profit of US$4.3 million as revenues decline 3.3pc

STATE-OWNED Piraeus Port, the biggest in Greece, posted flat first half net profit of EUR3.3 million (US$4.3 million), drawn on revenues of EUR50.4 million, down 3.3 per cent. Cosco Pacific, already in possession of the port’s container terminal on a … Continue reading

A general view of a container port in Shanghai

Shanghai Port quarterly profit off 2.5pc at US$242.5 million, but H1 up 14.9pc

SHANGHAI International Port’s second quarter net profit dropped 2.5 per cent to CNY1.49 billion (US$242.5 million) while it posted a first half net profit increase of 14.9 per cent to CNY2.93 million year on year. That showed a sharp slowdown … Continue reading

Australian Iron ore port

Iron ore rout extends amid tight credit, China futures sink

Spot iron ore hit a two-year low on Thursday and was on course to fall to its lowest since 2009 as tighter credit in China curbed purchases of imported cargoes, and iron ore futures in Dalian slumped to a contract … Continue reading


OPEC oil output rises in August as Libyan recovery holds

OPEC’s oil production has risen in August from July, a Reuters survey found, as a recovery in Libyan supply held up and Angola and Iran boosted supplies, outweighing a further decline in Iraq. The survey also found Saudi Arabia and … Continue reading

Iron-Ore (1)

India to turn big importer of iron ore in FY15

After losing its status as the third-largest exporter of iron orea couple of years ago, India is likely to turn a big importer of the key steel-making raw material by the end of this financial year. The country is likely to import 10 … Continue reading

Handysize freight rates

ATLANTIC HANDYSIZE DRY: Front-haul rates rise on high demand

Front-haul rates are rising in the US Gulf as more grain stems come onto the market and the tonnage list is thin, sources said Wednesday. Front-haul rates continued an upward trajectory Wednesday. Shipping sources indicated a 58,000 dwt vessel can … Continue reading


Israel Corp Q2 loss narrows on gains in refinery, shipping units

Israel Corp, one of Israel’s largest holding companies, reported a narrower quarterly loss on Wednesday due to improvements in its oil refinery and shipping units. It was also boosted by modest growth in its subsidiary IC Power, which expanded energy … Continue reading


BIMCO: Key US indicators prove stronger demand for container shipping

US economic growth and its accompanied consumer spending is on the rise – as shown by key indicators followed by BIMCO’s shipping market analyst – and will result in stronger demand for container shipping. The Conference Board Consumer Confidence Index … Continue reading provides important shipping and maritime news and information. The website is visited mostly by ship owners, operators, managers, ship chandlers, shipping executives and mariners . Our visitors are from all across the globe from Shipping and Maritime Industry. The Shipping Tribune helps to keep you abreast with all the latest news and advancements related to shipping, ports, shipbuilding, energy, ship recycling and many more offshore news. Register with us today for our latest newsletters.