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Indonesian thermal coal
 

India:Major ports saw 22% jump in thermal coal cargo in 2013-14


Amid widening demand-supply gap and increased requirement of dry-fuel, the country’s major ports saw 22 per cent jump in imported thermal coal cargo at 71.60 million tonnes (MT) in 2013. Handling of coking coal, which is used mainly for steel-making, … Continue reading

jnpt
 

India: Ports Sector Bucks Trend, Receives 20k-crore Projects


The ports sector bucked the general slowdown and policy lacunae specific to infrastructure to award 30 projects in the last fiscal entailing an investment of over . 20,000 crore, marking a three-fold increase over the preceding year. Tariff reforms introduced … Continue reading

Indian Ports
 

India: Cargo traffic at 12 major ports up by 1.78 pc in 2013-14


Cargo traffic at 12 major ports in the country recorded a marginal increase of 1.78 per cent at 555.50 million tonnes (MT) during 2013-14. The cargo handled by 12 major ports stood at 545.79 MT in 2012-13. Kandla port handled … Continue reading

Algeciras bunker fuel
 

New Orleans hi-lo bunker fuel spread lowest in 12 weeks: Platts data


The hi-lo bunker fuel spread in New Orleans weakened to its narrowest mark in more than 12 weeks Wednesday. The spread was assessed at $96.50/mt Wednesday, the lowest since January 28, when it was $95/mt, according to Platts data. So … Continue reading

euronav dd
 

Euronav – First quarter results 2014


The executive committee of Euronav NV (NYSE EURONEXT BRUSSELS: EURN) (the “Company”) today reported its preliminary financial results for the three months ended 31st March 2014: CHANGE IN ACCOUNTING POLICY: FIRST-TIME ADOPTION OF IFRS 10 & 11 Euronav has applied … Continue reading

US Bank
 

US Bank to extend financing term to shippers, no payment delay


US Bank is offering a new product to enable shippers to extend financing terms, so as to more easily extend their days payable outstanding, without delaying payment to the shipping lines. US Bank, a large vendor of automated freight payment, … Continue reading

Tsuneishi Shipbuilding
 

Tsuneishi Shipbuilding wins first China order for four 1,020-TEUers


JAPAN’s Fukuyama City-based Tsuneishi Shipbuilding has gained orders for four 1,020-TEU ships from the Hong Kong subsidiary of Shanghai International Port (SIPG), Shanghai Haihua Shipping (HASCO) in its first shipbuilding order from a Chinese state-owned company. The four ordered vessels … Continue reading

India's rice exports
 

India may lose top rice exporter spot to Thailand


India’s rice exports could slide by nearly a quarter this year and knock the country off its perch as top exporter of the grain, due to stiff competition from Southeast Asian rivals that have recently slashed prices, sector executives said. A drop … Continue reading

Asia Fuel Oil
 

Platts Analysis of US EIA Data: U.S. crude oil stocks climb 3.52 million barrels despite rallying USGC crude oil runs


U.S. commercial crude oil stocks rose 3.52 million barrels to 397.66 million barrels during the reporting week ended April 18, U.S. Energy Information Administration (EIA) oil data showed this week. The build was in line with analysts’ expectations. Analysts polled … Continue reading

My-Villagges-logo-665x192
 

My-Villages Launches DockMaster 8.0 Beta Program


My-Villages, which owns the popular DockMaster suite of marine business software, launched DockMaster 8.0 for beta testing, the most powerful version yet with new navigation, scheduling and dashboard features to help companies simplify operations and work more efficiently. Incorporating years … Continue reading

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