Latest News
 
Indian sailors stranded near Dubai port for 2 yrs
 

25 Indian sailors stranded off Dubai ‘without pay or relief’ for 8 months


More than two dozen Indian crew members are stranded on two merchant vessels anchored off Dubai’s dry dock because the shipping company “has not paid their salaries for the last eight months or relieved them by sending in substitutes”. The … Continue reading

 
Indian shipping
 

Indian shipping industry awaits maritime labour law ratification


Much like mariners of yore waiting for monsoon winds to set sail, the Indian shipping industry awaits parliament’s ratification of the International Maritime Labour Conventionso as not to lose out on merchant traffic, according to industry leaders. With India yet to ratify the … Continue reading

 
Shanghai 380 CST bunker fuel
 

Ecuador bunker fuel prices dip, but market eyes future rise on tighter supply


Bunker fuel prices dipped in Ecuador, but market participants expect them to move higher in the coming days as a result of tight supplies due to maintenance at the 45,000 b/d La Libertad refinery, market sources said. Petroecuador’s second-largest refinery … Continue reading

 
DP WORLD
 

DP World volume surges 9.3pc to 29.4 million TEU in first half


Dubai’s global port operator DP World container terminals worldwide handled 29.4 million TEU during the first half of 2014, an increase of 9.3 per cent year on year. The terminal operator said that on a reported basis gross volumes grew … Continue reading

 
cape Vessels
 

Cape Vessels Freight Matrix Report for Coal Shipment into India and China: Bulk Marine Ltd


Source: Bulk Marine

 
panamax ship1
 

Panamax Vessels Freight Matrix Report for Coal Shipment into India and China: Bulk Marine Ltd


Source: Bulk Marine

 
Handymax and Supramax are bulk carriers
 

Supramax Vessels Freight Matrix Report for Coal Shipment into India and China: Bulk Marine Ltd


Source: Bulk Marine

 
sugar
 

India not to increase duty on Sugar imports


The India Government has announced that the import duty on Sugar will not be hiked. Local mills have been demanding raising the duty to as much as 40% to help lift prices, which have been pressured by huge stocks. At … Continue reading

 
India’s thermal coal
 

Indonesia to cut mineral export tax if miners pay smelter bond- official


Indonesia will cut the tax levied on mineral concentrate exports to less than 10 percent from 20-25 percent for miners that pay a bond as a guarantee they will build a smelter later, a government official said. The move will … Continue reading

 
LNG1
 

ASIA SPOT LNG: Sep JKM ends week at $10.675/MMBtu amid thin buying interest


The Platts LNG Japan Korea Marker for September fell 5 cents on the week to close the Asian trading session at $10.675/MMBtu Friday amid thin buying interest. Bids were seen in the low $10s/MMBtu for September cargoes, against offers heard … Continue reading

 
registering ships overseas
 

India: Govt frames guidelines for registering ships overseas


The government issued detailed guidelines on a so-called Indian-controlled shipping capacity announced in the budget, making it mandatory for fleet owners to hire Indian crew and provide training slots for cadets on ships registered overseas, in line with the requirements … Continue reading

 
International Maritime Bureau
 

Anti-piracy watchdog concerned about rising attacks on tankers in Southeast Asia


International Maritime Bureau Thursday expressed serious concern over the rise in hijackings of tankers in Southeast Asia and warned that this could be a new trend in piracy attacks in the region. IMB, an international anti-piracy watchdog, said the attacks … Continue reading

 
Russia’s crude exports on tankers
 

Russia Oil Exports by Sea to Reach 6-Year Low on Refining


Russia’s crude exports on tankers are poised to fall to the lowest in at least six years as a government push to improve and expand domestic refineries means more oil is exported as fuels like diesel. Seaborne crude shipments from the … Continue reading

 
Busy days
 

Busy days at Galveston as tankers crowd the anchorages


The anchorages for tankers, in the Gulf of Mexico, in waters off Galveston, and at Bolivar Roads at the entrance to Galveston Bay, have been chock-a-block full. The AIS plots are filled up with vessels moored near the entrance to … Continue reading

 
Singapore 380 CST HSFO0
 

Asia Fuel Oil-380-cst premium up slightly; stocks near 5-month low


Cash premium on the 380-cst fuel oil rose slightly on Thursday as the market prices in tighter supply in August and lower onshore stocks. The 380-cst cash premium rose for the second straight session to $1.75 a tonne to Singapore … Continue reading

 
South Carolina ports
 

South Carolina ports annual box volume up 8pc to 1.68 million TEU


SOUTH Carolina Ports Authority (SCPA) says its seaports handled 149,183 TEU in June, an increase of 19 per cent compared to the same month last year. In fiscal 2014, throughput rose by eight per cent to 1,684,907 TEU. “Our above-market … Continue reading

 
cmb-banner-mirror
 

CMB RESULTS FIRST HALF 2014


CMB’s executive committee has discussed the preliminary results recorded for the second quarter and those for the first half of 2014.   All figures mentioned in this press release have been prepared under IFRS (International Financial Reporting Standards) and have … Continue reading

 
ictsi
 

ICTSI inks innovative loan facility programme


International Container Terminal Services, Inc. (ICTSI) successfully closed and signed today an inaugural Loan Facility Programme (the Programme) and a USD350 million syndicated revolving credit facility (the Revolving Facility) with a large group of international and domestic banks. ICTSI’s Loan … Continue reading

 
Arctia Shipping
 

ARCTIA SHIPPING JOINS WORLD OCEAN COUNCIL


Arctia Shipping, the Finland-based global leader in icebreaking and Arctic operations, has become a member of the World Ocean Council (WOC). With its headquarters in Finland, Arctia brings extensive maritime experience and expertise in ice and Arctic operations to the … Continue reading

 
Japan June crude
 

Japan June crude imports rise 1 pct, LNG up 5.9 pct


The volume of Japan’s customs-cleared crude oil imports rose 1 percent in June from the same month a year earlier, while liquefied natural gas (LNG) imports rose 5.9 percent reflecting firm gas demand for power output amid nuclear shutdowns. Japan, … Continue reading

 
Crude-oil
 

Nigeria Crude Oil output will be 3.13 mn per day by 2030: Mckinsey


Nigeria’s economy, especially its oil and gas sector, is likely to record good growth rate every year and by 2030 its liquid production will be 3.13 million barrels a day, according to a report by Mckinsey&Co. The oil-and-gas sector is … Continue reading

 
essar_port
 

India: Essar Ports Q2 PAT at Rs 92 crore, down 10% year-on-year


Despite a marginal rise in revenues on a year-on-year basis and a declined bottomline in the June quarter, Essar Ports, one of the largest port companies in the country, is hopeful of an increase in volumes going ahead as its ongoing … Continue reading

 
Aframax
 

Freight rates on Baltic-NWE route at six month high on tight position list: sources


Aframax freight rates on the Baltic-Northwest Europe, basis 100,000 mt, hit six-month high Tuesday on a tight position list for the end-July and early-August loading dates, shipping sources said Wednesday. According to Platts data, freight rates on the Baltic-NWE route … Continue reading

 
India to cut Iran crude
 

India’s Jan-June Iran oil imports climb by a third


India’s crude imports from Iran rose by a third in the first half of the year, data from trade sources showed, after the shipments were boosted following an interim deal to slow Tehran’s nuclear activity and ease Western sanctions. India, Iran’s top oil client … Continue reading

 
 
www.shippingtribune.com 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.