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Indian Ports
 

India: 12 govt ports see 2% rise in traffic growth


Things are looking up in the maritime sector, with the 12 government-owned major ports registering a 1.78 per cent growth in traffic for the period between April 2013 and March 2014. As the growth has come after two years of … Continue reading

Gujarat Pipavav Port
 

India: Gujarat Pipavav Port cuts capex plan by Rs.640 crore


Gujarat Pipavav Port Ltd has lowered its capital expenditure plan for 2014-15 by Rs.640 crore and deferred a proposal to expand its bulk berth capacity because of a lack of demand. But it will spend Rs.460 crore primarily on enhancing the container handling … Continue reading

capesize
 

Iron ore Capesize freight rates end week on soft note


Iron ore Capesize freight rates continued to edge down this week, with expectations that rates could see further contraction in the next week, market sources said Thursday. The West Australia to Qingdao iron ore Capesize market was active early in … Continue reading

Cross-Med dirty freight rates
 

Cross-Mediterranean clean freight rates at 5-month low on ample tonnage


Cross-Mediterranean clean tanker freight rates on a 30,000 mt basis were assessed by Platts at a five-month low of $7.28/mt Wednesday, or Worldscale 115, and were pegged at the same level in early Thursday trade, market sources said. The last … Continue reading

Dry bulk ship
 

Worst is over for dry bulk shipping sector: MIDF


MIDF Research believes that the worst in the dry bulk shipping sector is over, as fundamentals have improved, supported by better global economic conditions as well as the rollout of railway projects in China. MIDF Research said in a report … Continue reading

los Angeles port 1
 

LA March box volume up 42pc, Long Beach down 1.9pc on customer loss


THE Port of Los Angeles posted a 42 per cent year-on-year increase in imported container volume in March to 327,497 TEU, while export throughput was up 21 per cent to 187,826 TEU. The supposed good fortune was ascribed to the … Continue reading

Port of Yantai
 

Yantai port container volume up 21.8pc to 553,000 TEU in first quarter


THE Port of Yantai in northern China’s Shandong province posted a record 21.8 per cent increase year on year in container volume to 553,000 TEU in the first quarter of the year, reports Xinhua. The port’s overall cargo volume in … Continue reading

PORT of Rotterdam
 

Throughput of Port of Rotterdam practically stable


The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type, less crude oil ( 2%), mineral oil products ( 14%) … Continue reading

ITF
 

Global unions applaud NZ Œslave ships¹ progress


Global unions the ITF (International Transport Workers’ Federation) and IUF (International Union of Food, Agricultural and Hospitality Workers) today applauded the steps forward made in preventing often shocking abuse of crews on fishing vessels in New Zealand waters. They were … Continue reading

Chinas-iron-ore
 

Iron Ore Slump Forecast as StanChart Recommends Bets on Losses


Iron ore prices are set to slump in the second half as more steel companies in China will probably go bankrupt, hurting demand in the world’s largest user just as supply expands, according to Standard Chartered Plc. Investors should sell … Continue reading

Hapag-Lloyd and CSAV
 

Hapag-Lloyd and CSAV sign merger agreement


Hapag-Lloyd and Compañía Sud Americana de Vapores (CSAV) have signed a binding contract to merge CSAV’s entire container business with Hapag-Lloyd, creating the world’s fourth largest box line. Following the integration, the new Hapag-Lloyd will have some 200 vessels with … Continue reading

Greek port of Piraeus
 

Port of Piraeus Container Throughput to rise by 20% during 2014


We continue to see the Greek economy slowly emerging from its multi-year recession. It is moving in the right direction, but slowly. We’re holding our forecasts unchanged from our last quarterly report. That means that after an estimated 4.4% GDP … Continue reading

Japan bunker supply
 

Japan’s Feb bonded bunker fuel sales up 0.2% on year at 1.9 mil barrels: METI


Japan’s bonded bunker fuel sales edged up 0.2% year on year to 1.91 million barrels (304,341 kl) in February, data released Wednesday by the Ministry of Economy, Trade and Industry showed. The February total was down 8.3% from January. Sales … Continue reading

Hong Kong terminals
 

Hong Kong up 8.7pc in March to 2 million TEU, Singapore up 7.2pc


FIGURES from the Hong Kong Marine Department show the port handled 2 million TEU in March, representing a year-on-year increase of 8.7 per cent from 1.38 million TEU in March last year. Singapore’s Maritime and Port Authority reported a 7.2 … Continue reading

bimcologo
 

BIMCO: Chinese GDP grew by 7.4% in Q1 from a year earlier


The world’s second largest economy rose by 7.4% in first three months of 2014 as compared to same period last year. China remains on course for a soft landing as the nation rebalances its economy from being reliant on investments … Continue reading

Asia Australia Discussion Agreement
 

Asia Australia Discussion Agreement levies US$550/TEU charge for bunker


MEMBER lines of the Asia Australia Discussion Agreement (AADA) will levy a US$550 per TEU and $1,100 per FEU charge on dry and reefer cargo from Japan, Korea, mainland China, Hong Kong and Taiwan to Australia starting May 17. Reflecting … Continue reading

Marine Armor Systems logo
 

MAS extend global reach with exclusive armor systems


Following on from the continued success of the product, Marine Armor System are excited to announce its global launch and updated website. MAS is an innovative non-lethal  vessel protection system based on ballistic blinds, protecting the vessel or rig against … Continue reading

Sailors’ Society
 

First time marathon runners on track to raise almost £40k for seafarers in need


Sailors’ Society’s 2014 London Marathon team has brought in thousands for the maritime charity and donations are still pouring in. For 12 of the 20 strong team, this was the first time they had taken on the might of a … Continue reading

MPHRP
 

MPHRP responds to prize honour


Commenting on last night’s Seatrade Award to the Maritime Piracy Humanitarian Response Programme (MPHRP) for ‘Support and assistance to seafarers and their families affected by maritime piracy’, MPHRP chair Peter Swift said: “We are most grateful for this recognition of … Continue reading

Capt-Anand-Chopra
 

INDIA: COASTAL SHIPPING – TIME TO CHANGE


India is blessed with a long coastline of about 7500km. Coastal Shipping plays a major role in the development of domestic industry and trade and thus the economy of the nation. Today when we look at transportation of goods within … Continue reading