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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 2
 

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

 
ics-logo
 

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
 

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

 
scs
 

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
 

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
 

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

 
OPEC Crud
 

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

 
TH26_BU_BHASKARACH_2023099e
 

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

 
 
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