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Persian Gulf Tanker
 

Asian Persian Gulf storage deals continue amid global oil glut


A decade of Asian strategy aimed at strengthening the bargaining power of the region’s big oil importers is now helping Persian Gulf exporters preserve market share amid rising competition from rival international suppliers. Since at least the middle of the … Continue reading

 
DGS MARINE
 

DGS Marine calls on Indian ship owners to consider fixed premium P&I cover


DGS Marine, a leading global P&I management providerand exclusive manager for the British European and Overseas (BE&O) P&I Facility, has advised Indian ship owners to consider the benefits of fixed premium P&I cover. DGS Marine was speaking at a P&I … Continue reading

 
European shipowners, suppliers’ marine fuel
 

Marine fuel quality trends and new low sulphur requirements


In the second in our two part series exploring the impact of ECAs fuel tester Veritas Petroluem Services (VPS) explains some of the issues and operational factors shipowners and managers will face come 1 January 2015. When it comes to … Continue reading

 
rotterdam sulfur bunker
 

Rotterdam, Antwerp low sulfur bunker fuel prompt availability to improve: traders


The availability of low sulfur bunker fuel is expected to improve in northwest Europe by the end of this week with BP and Totsa resuming loadings in Rotterdam and Antwerp, traders said Thursday. Rotterdam bunker suppliers have been out of … Continue reading

 
ClassNK 1
 

ClassNK Consulting Service & FROSIO agreed concerning the Certifying Body of FROSIO


ClassNK Consulting Service Co., Ltd. (CEO and President: Noboru Ueda)(hereinafter, “NKCS”) (*1) has announced the agreement concerning the Certifying Body of FROSIO, as an internationally recognized coating inspector’s qualification. FROSIO is a leading certifying body qualified to grant inspector qualifications … Continue reading

 
Virginia port
 

Virginia Ports post 8.2pc increase in November volume to record 208,764 TEU


THE Virginia Port Authority, operating the ports of Portsmouth, Newport News and Norfolk, posted an 8.2 per cent year-on-year increase in November container volume to a record 208,764 TEU, reported the Hampton Roads Daily Press. Year-to-date container volumes in the … Continue reading

 
los Angeles port 1
 

LA November volume off 3pc as Long Beach rises 2.1pc – empties help both


THE Port of Los Angeles posted a three per cent year-on-year decline in Novcember container volume to 663,346 TEU while neighbouring Long Beach grew 2.1 per cent to 581,514 TEU, its busiest November since 2007. In both cases empties saved … Continue reading

 
CEVA Logistics
 

CEVA selected to provide transportation services for Ford’s Dearborn Truck manufacturing facility


CEVA Logistics, one of the world’s leading supply chain management companies, today announced that it has been selected to provide in the Rouge complex transportation services supporting Ford’s recently retooled Dearborn Truck manufacturing facility, which produces Ford’s new F-150 aluminum … Continue reading

 
Brent crude
 

Brent forecast at $83 in 2015 not to alarm GCC oil majors


Falling oil prices, the policy response of oil exporters, reform momentum and politics, will be the main influence on ratings in the Middle East and Africa (MEA) in 2015, said Fitch Ratings in its 2015 Outlook for the region. High … Continue reading

 
French Atlantic LNG shippers gain
 

Platts February LNG Japan Korea Marker ends week at $10.075/MMBtu on low spot demand


The Platts LNG Japan Korea Marker for February closed at $10.075/MMBtu Friday, down 10 cents from Tuesday, when the JKM rolled and February became the new prompt month, with buyers in North Asia reporting high storage levels and weak demand … Continue reading

 
bimcologo
 

How will lower bunker prices affect the substantial overcapacity in dry bulk market?


As bunker fuel costs have come down from USD 600 per tonne to USD 330 per tonne over the past 6 months, there has been much talk about increased ship speeds. Some single voyage or single company estimates aim at supporting … Continue reading

 
European shipowners, suppliers’ marine fuel
 

New EU marine fuel rules erode shippers’ gains from cheap oil


Shipping firms operating in northern Europe will not get the full benefit of plunging oil prices as they face higher fuel costs and potential insurance problems from sulphur regulations coming into force early next year. Shipping companies and industry watchers … Continue reading

 
Low-sulphur ee
 

The risks and rewards of 2015 ECA compliance


With the 0.1% sulphur ECAs in North Europe and North America just a fortnight away from enforcement Seatrade Global is running a two-part feature giving industry perspectives on the impact it will have on shipping come 1 January 2015. So … Continue reading

 
ClassNK 1
 

NYK to Team with ClassNK and Others to Develop Technologically Advanced Exhaust Gas Cleaning System


Nippon Yusen Kabushiki Kaisha(NYK Line),the Monohakobi Technology Institute (MTI),which is an NYK Group company, and ClassNK have teamed up with Singapore-based Nanyang Technological University and Sembcorp Marine Technology Pte.Ltd. for research on an exhaust gas cleaning system(EGCS)*intended to be used … Continue reading

 
IMRF
 

Grant helps Mass Rescue Operations library project


The Corporation of Trinity House is supporting a Mass Rescue Operations (MRO) project with a grant to help completion of a comprehensive online reference library to be used as a source of best practice by maritime professionals across the world. … Continue reading

 
TSA carriers
 

TSA to introduce US$1,000/FEU rate hike and surcharge January 15


MEMBER lines of the Transpacific Stabilisation Agreement (TSA) will levy a US$600 per FEU general rate increase (GRI) for all origin and destination points as well as a $400 per FEU peak season surcharge ahead of the Chinese New Year … Continue reading

 
THE Port of Long Beach
 

Long Beach volume up 2.1pc – thanks to 30.2pc increase in empties


CONTAINER throughput at the Port of Long Beach grew 2.1 per cent in November to 581,514 TEU, making it the busiest November since 2007. But the increase was the result of a 30.2 per cent spike in empties, rising to … Continue reading

 
Chinas-iron-ore
 

India joins iron ore output surge


China already ore than two-thirds of the 1.2 billion seaborne trade, a proportion that continues to rise. The price of iron ore, down nearly 50% this year, slid to a fresh 2009 low on Wednesday after worries about Chinese demand … Continue reading

 
crude supplier Saudi ship
 

Saudi crude oil exports rise to almost 6.9 mln bpd in Oct -data


Top oil exporter Saudi Arabia shipped more crude oil in October than a month earlier while volumes used by domestic refineries remained high allowing more oil products exports, official data showed on Thursday. The OPEC member exported 6.897 million barrels … Continue reading

 
Sinwa Logo large res
 

SINWA appoints Alex van Zuijlen as Group Sales & Marketing Director


SINWA, Asia Pacific’s leading marine, offshore supply and logistics company, has appointed Alex van Zuijlen as Group Sales & Marketing Director with effect from January 5th 2015. Alex, a familiar face, previously worked for Sinwa as Marketing Director from 2003 … Continue reading

 
European Commission1
 

Monitoring of CO2 emissions from ships: the Council reaches a political agreement


The Council reached a political agreement on the regulation setting out new EU-wide rules for monitoring, reporting and verification of CO2 emissions from ships. The new mechanism for monitoring reporting and verification of CO2 emission from ships is a building … Continue reading

 
japan shipbuilders
 

Japan: Shipbuilders rejecting orders amid labor shortage


The depreciation of the yen is boosting demand in industries like shipbuilding, where companies are scrambling to hire enough workers, especially in areas where the number of working-age individuals is declining. The number of people in Japan aged 15 to … Continue reading

 
ics-logo
 

ICS changes position on ratification by governments of imo ballast water management convention


The global trade association for merchant shipowners, the International Chamber of Shipping (ICS), has modified its stance towards the ratification by governments of the International Maritime Organization (IMO) Ballast Water Management Convention, which has still not yet entered into force … Continue reading

 
Bunkering in S Korea
 

Bunkering in S Korea’s Incheon, Daesan ports halted on bad weather: traders


Bunkering activities in South Korea’s western ports of Incheon and Daesan came to a halt Wednesday morning due to poor weather conditions, particularly strong winds, traders said Wednesday. “Western ports [of South Korea] are closed,” a Seoul-based trader said. “The … Continue reading

 
 
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