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India Dry Bulk Cargo Summit 2015 copy
 

“Meet In India- Meet The World”


Dry Bulk cargoes such as Coal, Iron Ore, Fertilizers etc. play a very crucial role in a country’s economic development. The Shipping Tribune is pleased to announce “India Dry Bulk Cargo Summit 2015″ A One Day Conference on 5th June 2015 … Continue reading

 
Chinese supertanker
 

Oil Sails From Russia to Asia Faster on Smaller Ships


With supertankers booked solid carrying cheap crude, smaller vessels are taking advantage of the opportunity by hauling record volumes of Russian oil to Asia. Aframax ships that ply the route between the Russian port of Kozmino and North Asia in … Continue reading

 
Apparent ransom paid to release 3 pirate hostages off West Africa
 

Apparent ransom paid to release 3 pirate hostages off West Africa


TWO Greek and Pakistani seamen taken by pirates three weeks ago off the Nigerian coast in an attack on the 281,000-dwt Kalamos have been freed, reports London’s Tanker Operator. While shipmanager Aeolos Management refused details on how the release was … Continue reading

 
Asia-Europe container
 

Asia-Europe container rates fall 6.5pc to US$938/TEU


SPOT rates from the Shanghai Containerised Freight Index (SCFI) on the Asia to northern Europe route fell 6.5 per cent to US$938 per TEU on Friday, Reuters reports. It was the fourth straight week of falling rates on the world’s … Continue reading

 
shipowner
 

Shipowners report net quarterly loss but FSRU upside


European shipowners Golar and Hoegh LNG both reported net financial losses for the final quarter of 2014 on 25 and 26 February amid a bearish short-term charter market outlook. Golar saw the arrival of two LNG carriers over the final … Continue reading

 
Los Angeles Port 4
 

LA January volume off 22.7pc, LB down 18.8pc, Seattle-Tacoma off 21pc


THE Port of Los Angeles posted a 22.7 per cent year-on-year decline in January to 529,427 TEU, mostly blamed on congestion from docker slowdowns. Long Beach also suffered an 18.8 per cent year-on-year January decline to 429,490 TEU, with imports … Continue reading

 
ultrasonic-hatch-covering-testing
 

Are you using the best possible method for testing the water-tightness of your hatches?


Poor maintenance of hatch-covers, seals and coamings, resulting in water entering a ship’s hold can lead to devastating consequences.  Testing that hatch covers are weather-tight is a fundamental requirement for preventing damage to cargo and ensuring the safety of a … Continue reading

 
Asian imports of Iran crude
 

Asian imports of Iranian crude fall nearly 22 pct


Asian imports of Iranian crude fell nearly 22 percent from a year ago to below 1 million\ barrels per day (bpd) in January, led by cuts in India, where refiners had been asked to curtail orders ahead of a visit … Continue reading

 
Oil prices higher in Asian trade
 

Oil May Fall Again Says Analyst Who Predicted ’09 Rebound


Oil prices could drop again later this year as a supply glut persists, according to Jason Kenney, a Banco Santander SA analyst who accurately predicted a rebound in prices after the 2008 slump. The current oil shock caused by the … Continue reading

 
LNG
 

U.S. gas exporters eye Baltic region, Poland as Asian LNG boom fades


U.S. LNG exporters are looking to Europe’s tiny Baltic states and Poland to sign buyers keen to cut their reliance on Russian supplies as hopes have faded that Asian demand for cheap North American natural gas will fire another sales … Continue reading

 
Corporatization
 

India: Ports in dry dock but sailors on roll


Corporatization of the 12 government-run ports may not set sail overnight but when it does, it will ring in efficiency in cargo handling and transparency in operations. While the Budget may have been disappointing for the ports-and-shipping sector, seafarers will … Continue reading

 
ReCAAP
 

Asia piracy cases rise 22% on year to hit 10-year high in 2014: ReCAAP


The number of piracy and armed robbery cases against ships in Asia increased 22% year on year to hit a 10-year of 183 last year, anti-piracy watchdog ReCAAP said in its annual report released earlier this week. Of the total … Continue reading

 
Container ship runs aground
 

Container ship runs aground


A container ship had to be pulled free by tugs this morning after running aground in Fremantle. The Maersk Garonne was entering Fremantle’s inner harbour about 5am when it became stuck in soft sand about 500m off South Mole. Tug … Continue reading

 
Global freight rates ship
 

The Ups And Downs Of The Global Freight Market


Container freight rates generally performed slightly better on mainlane trade routes in 2014, compared to 2013 levels. The earnings environment was supported by robust trade growth as well as successful supply management from operators on these trade lanes. However, the … Continue reading

 
Asia-Europe SCFI rates
 

Asia-Europe Container Freight Rates Fell 6.5 pct


Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.5 percent to $938 per 20-foot container (TEU) in the week ended Friday, a source with access to data from the Shanghai Containerized Freight Index … Continue reading

 
Port Equipment Manufacturers Association
 

Port Equipment Manufacturers Association holds largest AGM ever


TRENDS, key developments and challenges in the port and terminal operation sector were discussed by 100 industry executives attending the Port Equipment Manufacturers Association’s (PEMA) annual general meeting in Amsterdam recently. “With our growing membership, and diverse range of activities, … Continue reading

 
NEW ZEALAND's Port of Tauranga
 

Tauranga port gains on Auckland as meat and dairy shipper JV kicks in


A JOINT VENTURE between New Zealand’s largest shipper and the Port of Tauranga is beginning to change the nation’s supply chain landscape at rival Ports of Auckland’s expense, reports London’s Loadstar. Half-year results show Tauranga catching up to Auckland, the … Continue reading

 
Hyundai heavy
 

Hyundai Heavy Industries to Add 10,000 ton Heavy Lift Vessel to Its Offshore Facility- Building Infrastructure Legion


Hyundai Heavy Industries Co., Ltd. (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, today announced its shipbuilding affiliate, Hyundai Samho Heavy Industries, completed a 10,000 ton heavy lift vessel (HVL), Hyundai-10000, at its shipyard in Yeongam, South … Continue reading

 
LNG carrier
 

Indian LNG prices top those of NE Asia for first time since 2010


LNG spot prices in India have surpassed those in northeast Asia for the first time since Platts began assessing the two markets in 2010, with the DES west India marker settling 5 cents above the JKM. The JKM for April … Continue reading

 
China oil export
 

China’s oil demand grew by just 1.1% in 2014


Oil demand grows by only 1.1% overall – Crude imports driven by SPR needs – Products imports down by 43% – gasoline exports down, gasoil and jet up – Oil consumption to grow by 4.1% in 2015 – Gasoil exports … Continue reading

 
Thai fishermen
 

Somali pirates free Thai fishermen held for four years


Four Thai nationals seized from a fishing vessel by Somali pirates nearly five years ago have been released, the UN and local officials have said. It is believed that they spent longer in captivity than any other victims of Somali … Continue reading

 
ITF
 

ITF joins US Coast Guard shore leave debate


The ITF (International Transport Workers’ Federation) has submitted a deposition to the US Coast Guard’s consultation on seafarers’ access to maritime facilities – the Notice of Proposed Rule Making (www.regulations.gov/#!documentDetail;D=USCG-2013-1087-0001). The submission supports the USCG’s efforts to improve the shore … Continue reading

 
ClassNK 1
 

ClassNK updates its Guidelines for Floating Offshore Facilities


ClassNK (Chairman and President: Noboru Ueda) announced today that it has released the latest version of its Guidelines for Floating Offshore Facilities for LNG/LPG Production, Storage, Offloading, and Regasification (Second Edition). In February 2011, the leading classification society released its … Continue reading

 
Indian Apr-Dec thermal coal
 

Indian coal imports set to rise despite higher domestic output: govt


Indian coal imports are set to rise even though domestic production is increasing, according to the pre-budget Economic Survey 2014-15, which was presented to parliament Friday by Finance Minister Arun Jaitley. India imported 137.6 million mt of coal in April-November … Continue reading

 
 
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