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ASIA THERMAL COAl
 

Indian power utilities’ 2013-14 thermal coal imports jump 26.5%: CEA


Indian power utilities’ thermal coal imports jumped by 26.5% to 79.7 million mt in fiscal 2013-2014, compared to 63 million mt a year ago, a Central Electricity Authority official told Platts Wednesday. Of the total, 36.6 million mt of coal … Continue reading

Pirates raid
 

Pirates raid Japanese oil tanker off Malaysia, kidnap three crew


Armed pirates raided a Japanese oil tanker off the coast of Malaysia and abducted three crew members, Malaysian maritime police said on Wednesday, underscoring increasing threats to shipping in one of the world’s busiest waterways. The incident in the Malacca … Continue reading

Handysize vessels
 

Mediterranean Handysize dirty tanker freight rates at 4-month low on lack of inquiries


Handysize freight rates for dirty tankers on the Black Sea-Mediterranean and Cross-Mediterranean routes, basis 30,000 mt, fell to their lowest in over four months Tuesday because of a lack of inquiries. Rates on the Black Sea-Med route and Cross-Med route … Continue reading

Singapore 380 CST HSFO0
 

Buenos Aires-Montevideo HSFO spread widest in four months: Platts data


The spread between high sulfur bunker fuel prices in Buenos Aires and the competing port of Montevideo, Uruguay, increased to its widest margin in over four months, according to Platts data. IFO 380 CST Buenos Aires was assessed at a … Continue reading

bimcologo
 

BIMCO on positive developments in Eurozone and Chinese economy which benefits shipping


BIMCOThe recovery of the Eurozone continues, as job creation returns across the region. The hiring of more staff indicates that manufacturing and service industries believe in a sustainable recovery, where growth is picking up. Flash Eurozone PMI Composite is now … Continue reading

ITF
 

Relief for crew of detained scandal ship


The ITF (International Transport Workers’ Federation) is able to report progress in the case of the filthy and unsafe vessel Munzur, which is detained in Fowey in Cornwall, United Kingdom. Following the passing of a deadline for action by the … Continue reading

PORT of Rotterdam
 

Rotterdam port’s 1Q volume falls 0.2pc but saw a strong March


ROTTERDAM’s port throughput in the first quarter of 2014 stood at 109 million tonnes, down 0.2 per cent compared to the same period last year, however, the results were mixed with agribulk up the most at 69 per cent. Also … Continue reading

Brazilian iron ore export
 

Iron ore exports up 2% in FY14; to grow at healthy rate in FY15


Iron ore exports, which declined from over $7 billion per annum to $1.69 billion in 2013-14, are expected to get a big boost following the Supreme Court’s order to lift miningrestrictions in Goa. “Goa, which primarily produces low quality iron ore, accounts … Continue reading

G6 Alliance
 

G6 rearranges Middle East-Asia-USWC pendulum service, PSG


THE Asia-US West Coast string of the Grand Alliance’s Middle East-Asia-USWC pendulum service will be brought into the new Asia-North America G6 arrangement. The service branded Pacific South & Gulf (PSG) by Hanjin Shipping is operated by the South Korean … Continue reading

Coal Glut
 

Coal Glut Foils Price Rally With Miners Tied to Exports


Australian mining companies are prolonging a supply glut that’s driven coal prices to a four-year low because of freight contracts that make it cheaper to ship at a loss than to cut output. Shipments of thermal coal from the second-biggest … Continue reading

capesize
 

ASIA CAPESIZE DRY: Rates creep up with market in ‘Mexican standoff’


Capesize freight rates in the Pacific and Atlantic continued to creep up Tuesday with vessel owners and charterers locked in a “Mexican standoff”, resulting in thin fixture activity, market participants said. Platts assessed the Capesize freight rate on the West … Continue reading

Cross-NWE clean freight rates surge as Russian refinery maintenance ends
 

Clean European barge rates at 2014 highs on strong demand, water levels


Clean Northwest European barge rates are at year-to-date peaks on high liquidity in the Rotterdam ultra low sulfur diesel market and low Rhine water levels. The clean Rotterdam-Flushing barge rate closed at $3.75/mt on Thursday ahead of the Easter holiday … Continue reading

THE European Commission
 

EU Commission clarifies EU rules on cabotage and reports on developments in this sector


The European Commission has given new guidance on the interpretation of the regulation to provide cabotage within a Member State1, thus providing an internal market for the provision of maritime transport services. With the new guidance competent authorities will have … Continue reading

HSH_Nordbank
 

HSH Nordbank sees box derivatives gaining ground with low-value goods


CONTAINER freight derivatives, as hedging instruments, are enjoying a comeback with low-value goods since Clarkson Securities did its first container freight swap between Morgan Stanley and Delphis in 2010. High-volume, low-value commodity exporters in Germany and of US agricultural exports … Continue reading

Australian Newcastle ports
 

Australia’s Newcastle port coal weekly exports slip 12% to 2.6 million mt


Thermal and coking coal exports from Australia’s Newcastle port fell 12.5% on the week to 2.64 million mt in the week to Sunday, after four weeks of gains, according to the Newcastle Port Corporation’s latest update. NPC said there were … Continue reading

Greek Ship owner
 

Greek shipowners splurge over $3bn on newbuildings


While some shipping communities many be sitting on the fence just now considering whether now is the time to make a final move into the new ship market, many leading Greek shipowners have expressed their view in cash terms. In … Continue reading

ambreyrisk
 

Ambrey Risk joins BIMCO


Ambrey Risk has now been formally accepted as an Associate Member to BIMCO. This follows the companies’ achievement of ISO/PAS 28007, the first assessment of a maritime security company’s quality management system against an International Standards Organisation framework (ISO). John … Continue reading

The Panama Canal
 

Panama Canal to lose another service due to consolidation


The Panama Canal is losing another shipping service due to Evergreen joining the CKYHE alliance. The alliance will deploy 8,500 teu-capacity vessels, which are too large for the canal, on two services, which cannot transit and will be redirected to … Continue reading

Munzur
 

Clock ticking on Fowey ship arrest


A ship detained at Fowey for multiple safety and accommodation failings will face arrest at 17:00 BST today unless the owners pay the crew the wages they owe them. The Panamanian-flagged, Turkish-owned vessel Munzur was detained by the UK’s Maritime … Continue reading

CAME BY SHIP logo - 2560 x 1440px
 

WISTA – UK’s “Came by Ship” essay competition launched


PR and Marketing consultancy Jeanius Consulting is proud to announce the launch of WISTA – UK’s “Came by SHIP” essay competition, supported by Lloyd’s List. WISTA – UK, part of the Women’s International Shipping & Trading Association, celebrates its 40th … Continue reading