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Coast Guard Clears Tanker With Kurdish Oil to Unload

Tanker with Iraqi Kurdish crude cleared to unload cargo off Texas

A tanker carrying crude oil from Iraqi Kurdistan was cleared by the U.S. Coast Guard to unload its cargo at sea off Texas on Sunday as a State Department official signaled Washington would not intervene to block delivery of the controversial crude. … Continue reading

Gujarat Pipavav Port

India: Gujarat Pipavav hits new high as Q1 profit beats estimates

Gujarat Pipavav Port has surged 5% to Rs 151, extending its Friday’s 9% rally, after reporting a better-than-expected 128% year-on-year (yoy) jump in net profit at Rs 80.50 crore for the quarter ended June 30, 2014 (Q1), due to strong revenue … Continue reading


DNV GL’s new Energy Management Study reveals high saving potential

The latest Energy Management Study issued by DNV GL has shown that not all Energy Saving Practices are utilized yet. Significant potential savings are still within easy reach. “High savings potential is still waiting to be unlocked,” is Julia Kühnbaum’s … Continue reading

global iron ore

Indian setback helping global iron ore miners

Foreign miners are a little surprised that India, enormously rich in iron ore, is becoming a major importer of the steel-making ingredient. The country could end up importing up to 15 million tonnes (mt) of ore this financial year, with JSW Steel alone … Continue reading

Russian thermal

French utility turns away Russian thermal coal cargoes due to sanctions: sources

The trading arm of French utility EDF turned away Panamax cargoes of thermal coal from Russian producer Zarechnaya Coal due to EU sanctions against Russia, market sources said. Speculation was rife in the thermal coal market Thursday that Zarechnaya was … Continue reading

Philadelphia first half container

Philadelphia first half container volume up 29pc to 219,060 TEU

THE Port of Philadelphia handled 219,060 TEU in the first half of 2014, an increase of 29 per cent over the first half of 2013. Breakbulk increased almost 13 per cent; roll-on/roll-off cargo was up five per cent and liquid … Continue reading


International Chamber of Shipping: Harmonise emissions enforcement

THE International Chamber of Shipping (ICS) is seeking a harmonised approach to Port State Control (PSC) inspections before the January deadline for mandatory use of costly low-sulphur fuel in emission control areas (ECA). With the exception of the US, all … Continue reading

Hamburg, Rotterdam port

Hamburg, Rotterdam face congestion charges as dwell times stretch

DUTCH barge operator Contargo will levy a EUR15 (US$20.20) per box congestion surcharge for Rotterdam and Team Lines adds a 75 per cent surcharge for the Port of Hamburg which is suffering similar delays. In June, Lloyd’s List reported that … Continue reading


Asia thermal coal: CCI 1 and CCI 2 prices slump on sixth Shenhua price cut

Domestic thermal coal prices in China reacted quickly Monday to leading Chinese coal producer Shenhua’s latest Yuan 10/mt price cut — the sixth since late June — dropping by Yuan 4.50/mt and Yuan 7/mt respectively at the Qinhuangdao trading hub … Continue reading

major coal mine

Coal Reserves Offer No Relief for India’s Fuel Crunch

India sits on one of the world’s biggest coal reserves, yet its power stations are starved of the fuel with some idle and others running dangerously low on supplies. Coal accounts for nearly 60 per cent of the country’s electricity, … Continue reading

panamax ship1

Atlantic Panamax freight rates improve on tight prompt tonnage, better sentiment

Freight rates ticked up for trans-Atlantic Panamax runs as prompt tonnage was met with a fair volume of inquiry, but the long-term outlook remained uncertain, shipping sources said. The Hampton Roads, Virginia-Rotterdam coal route, basis 70,000 mt improved to $9.25/mt … Continue reading


Bolder and more numerous pirate attacks haunt South China Seas

Bolder and more numerous pirate attacks haunt South China Seas THERE were eight pirate incidents in South China Sea in the first half, a year-on-year increase of three, according to the Singapore-based regional anti-piracy information hub (RECAAP). However, ReCaap said … Continue reading

Hamburg Sud 2

Hamburg Sud ups rate US$150/box from US to Mideast, India/Pakistan

GERMANY’s Hamburg Sud will levy a general rate increase (GRI) on all cargo from the United States to the Middle East and the Indian subcontinent from September 1. Tariff and service contract rates will be increased by US$150 per container, … Continue reading

Asian LR1 tanker rates

Asia Tankers-VLCC rates could nudge higher on more vessel charters

Rates for very large crude carriers (VLCCs) on key Asian freight routes could hold steady or gain next week as charterers seek to complete their vessel chartering programme for the first 20 days of August, brokers said on Friday. The … Continue reading

Act tanker

Delta refining arm charters Jones Act tanker amid trading revamp

Delta Air Lines Inc’s refining unit has chartered a U.S.-flagged oil tanker for the first time, allowing it to tap directly into cheap Texas shale oil as the company overhauls its supply strategy. Monroe Energy LLC, the Delta subsidiary that … Continue reading


OOCL quarterly revenue rises 6.8pc, but per box rate falls 4pc

HONG KONG’s Orient Overseas Container Line (OOCL) has posted a second quarter 6.8 per cent revenue increase to US$1.5 billion, but also recorded a four per cent per-box rate fall, mitigated by a 6.5 per cent higher load factor. OOCL … Continue reading


HPH Trust first half profit up 16pc to US$119.6 million, revenues up 2pc

SINGAPORE-listed global port operator, HPH Trust, has posted a first half year-on-year 16 per cent increase in net profit of HK$927.3 million (US$119.6 million), drawn on revenues of HK$6 billion, up two per cent. The company said that cargo to … Continue reading

India Blocks WTO Agreement to Ease Trade Rules

India Blocks WTO Agreement to Ease Trade Rules

India effectively blocked an international agreement on easing trade regulations last week, saying the effort to promote global trade should be linked to food security. At a meeting of the World Trade Organization in Geneva on Friday, India said it … Continue reading


Can OPEC Control World Oil Prices

It is the world’s most famous cartel OPEC that currently controls almost three quarters of the world’s crude oil, a commodity that, as of right now, industrialized nations cannot do without. OPEC is currently an organization comprised of 11 member … Continue reading

Russia’s crude exports on tankers

Nuclear deal prevents further drop in Iran’s crude exports: NIOC

Iran has not been able to benefit from lifting of insurance ban * Short-term agreement makes oil sale conditions unclear The only advantage to Iran of the agreement to extend the interim nuclear agreement with the West by four months … Continue reading

India liberalizes ship licensing rule

India liberalizes ship licensing rule

For many years, it has been an annual ritual for India’s shipowners to troop to the office of the directorate general of shipping to get a so-called general trading licence (GTL) renewed. Without such a licence, ships cannot ply, according … Continue reading

Global shipping industry

A key gauge of global shipping costs is plunging and you should pay attention

A harbinger of global economic slowdown or simply an oversupply of big ships? That’s the debate surrounding the big drop in the Baltic Dry Index, a closely-watched gauge of global shipping costs, since the beginning of the year. The index … Continue reading


Kamarajar Port draws up expansion plan

Kamarajar Port Ltd. (KPL), formerly Ennore Port, has chalked out a Rs.20-crore expansion plan to facilitate increased export of cars. As a new entrant, KPL is facing competition from the Chennai Port Trust, which exports about 3 lakh cars annually … Continue reading

German Shipping Firms

Greens call for shipping lanes

The Green Party wants to introduce compulsory shipping lanes for vessels operating along the coast. The policy was announced in Auckland on Sunday morning, as the party explained how it would protect beaches from oil spills. Co-leader Russel Norman said … 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.