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Chabahar port
 

Chabahar port could shape global strategy of India’s state-run ports


Last week, the cabinet led by Prime Minister Narendra Modi approved the framework for India’s participation in developing Iran’s Chabahar port with an investment of $85.21 million, clearing the decks for two of the country’s biggest state-owned ports to venture … Continue reading

 
Seroja
 

Seroja seeks to void arrest warrant on its panamax vessel


Seroja Investments is seeking to void an arrest warrant on its panamax vessel over claims by Conirma Marine that the ship is not fit for delivery. Seroja, which provides marine cargo and coal transportation services in China and Indonesia, announced … Continue reading

 
German Bank Ship Loans
 

ECB Said to Slash Value of German Bank Ship Loans


German shipping lenders each saw their assets devalued by as much as 18 percent in the European Central Bank’s inspection of the area’s biggest banks, according to a senior executive with knowledge of the procedure. The discount on loans in … Continue reading

 
Hong Kong Shippers' Council
 

Hong Kong shippers demand congestion surcharge be dropped


THE Hong Kong Shippers’ Council (HKSC) is urging container shipping lines to scrap a US$50 per TEU congestion surcharge and also that carriers compensate customers for the losses incurred through delays caused by congestion. “Shippers fail to see any justification … Continue reading

 
The Port of Antwerp
 

Port of Antwerp on course for new record year after strong third quarter


The port of Antwerp handled a freight volume of 148,344,168 tonnes during the first nine months of this year. That’s 3.7% more than the same period last year. Both the container volume and the liquid bulk volume were strongly up, … Continue reading

 
THE Port of Long Beach
 

Long Beach Sept up 7.3pc to 629,771 TEU, LA up 9pc to 775,113 TEU


THE Port of Long Beach has posted a 7.3 per cent year-on-year increase in September container throughput to 629,771 TEU, its best September since 2007, the port’s peak year, say port authorities. Imports were up 10.2 per cent year on … Continue reading

 
iron ore cargoes to China
 

China steel, iron ore futures widen losses as oversupply weighs


Chinese steel and iron ore futures dropped on Thursday, extending losses from the previous session as growth in supply continued to outpace demand in the world’s top consumer of the two commodities. Amid slowing economic growth in China, demand for … Continue reading

 
cmb-banner-mirror
 

CMB: ASL Aviation Group to Acquire the Farnair Group


ASL Aviation Group (ASL) has announced the signing of an agreement to acquire the Farnair Group of companies. The transaction is expected to close before the end of the year, once all pending regulatory and customary approvals are received. When … Continue reading

 
ITF SEAFARER FINAL_BLUE
 

Kimberly Karlshoej is new head of ITF Seafarers’ Trust


The ITF Seafarers’ Trust – the charity arm of the International Transport Workers’ Federation  –  has appointed leading shipping figure Kimberly Karlshoej as its new head.   Kimberly Karlshoej is well known as a founder and, until recently, director and … Continue reading

 
GIB_LogoJPG
 

Glander International Bunkering appoints Mr. Maurice Lara as Bunker & Lubricant Trader to the Florida office


Glander International Bunkering, a global leader in bunkering & lubricant trading & brokering, is proud to announce the appointment of Mr. Maurice Lara as Bunker & Lubricant Broker/Trader. Glander International Bunkering has five international offices strategically located in Dubai, Mumbai, … Continue reading

 
TSA
 

TSA Lines Tackle Sharply Rising Costs for Low-Sulfur Fuel


Asia-U.S. container shipping lines in the Transpacific Stabilization Agreement (TSA), facing an average US$365 per ton low-sulfur fuel price differential at the beginning of 2015 – as environmental rules mandate a shift to cleaner marine gas oil (MGO) within North … Continue reading

 
Greenwater Flared base bottom
 

Guardian Maritime launch Greenwater piracy barrier


Following on from the continued worldwide success of its GUARDIAN™ anti – piracy barrier, Guardian Maritime are proud to announce the launch of GUARDIAN Greenwater. GUARDIAN Greenwater has been developed, following customer demand, to deal with the issue of greenwater … Continue reading

 
classnk
 

ClassNK completes work on KOTC vessel MUTRIBA


Leading classification society ClassNK (Chairman and President: Noboru  Ueda) announced that it has completed work on the 31,445GT Product Tanker MUTRIBA, built by Hyundai Mipo Dockyard Co., Ltd. (HMD) as part of a series of  vessels being constructed for the Kuwait … Continue reading

 
Seatrade Middle East Maritime
 

Seatrade, Saudi Aramco announce second annual Global Workboats Technology Forum


The 2014 edition of the biennial Seatrade Middle East Maritime will be the host event for the second annual one-day Global Workboats Technology Forum at which a line-up of renowned international experts will present a series of technical papers on … Continue reading

 
BNCT
 

BNCT Celebrates a Strong Future with a Strong Team in Busan’s New Port


Last week, Busan New Port’s newest container terminal held a company-wide event with the whole BNCT family including labor unions and subcontractors to commemorate great results since opening January 1, 2012 and to celebrate an even more promising future together. … Continue reading

 
SYNTACS_C2 and NAV
 

Raytheon Anschütz delivers new Tactical Command System


Raytheon Anschütz, a leading German-based manufacturer of naval integrated bridge systems, announces a series of deliveries of the newly developed Synapsis Tactical Command System (SYNTACS). The first delivery was made in summer 2014, with final delivery in winter 2015. SYNTACS … Continue reading

 
Union leaders arrested and held in police van
 

Trade union wins in Aqaba dispute


The ITF (International Transport Workers’ Federation) is pleased to announce that port workers at the Aqaba Container Terminals (ACT) facility in Jordan run by APM Terminals have gained a victory following international protests against a police roundup of union members. … Continue reading

 
FONASBA
 

FONASBA Hosts Gothenburg Annual Meeting


FONASBA’s 2014 Annual Meeting in Gothenburg elected a new Executive Committee and two new members and also reaffirmed the Federation’s commitments to its core values and activities. After completing her term of office, Marygrace Collins of the USA handed the … Continue reading

 
JSW Steel Ltd
 

JSW Steel to boost iron ore imports by up to 80 percent


JSW Steel Ltd, India’s No. 3 maker of the alloy, said it expects to increase imports of iron ore by up to 80 percent to 900,000 tonnes a month due to a domestic shortage and a slump in international prices. … Continue reading

 
OPEC Crud
 

OPEC needs oil cut of at least 500,000 bpd – Libyan OPEC governor


OPEC should cut its oil output by at least 500,000 barrels per day (bpd), a Libyan oil official said, to tackle oversupply and support prices that have slid to a four-year low. The 12-member Organization of the Petroleum Exporting Countries … Continue reading

 
vlcc
 

Early Nov VLCC of North Sea Forties crude fixed for Korea: source


South Korean refiner SK Energy has bought one VLCC of Forties from the November loading program of UK North Sea grade Forties, a source close to the company said Tuesday. The 270,000 mt Ingrid was reported by shipbrokers to be … Continue reading

 
bimcologo
 

Comforting sounds from China: GDP and Industrial Production


The economic news from China this morning were somewhat comforting but highlights that the economy activity in the world’s largest economy is certainly slowing down. Behind the headline GDP, other economic indicators such as industrial production, electricity consumption, credit growth … Continue reading

 
low-sulphur fuel
 

Shipping’s low sulphur fuel challenges


While the shipping industry scored a significant victory in terms of regulation with the IMO agreeing to review the Ballast Water Management Convention, however, it continues to face many other issues in areas such as emissions. At Denmark’s recent maritime … Continue reading

 
Clyde & Co advises
 

Clyde & Co advises on joint venture between DOT Holdings AS and Pacific Radiance Limited


International law firm Clyde & Co advised DOT Holdings AS on the establishment of a joint venture in Singapore with Pacific Radiance Limited. The joint venture company will be engaging in the business of owning and chartering offshore support vessels. … Continue reading

 
 
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