Latest News
 
The big fight for port cargo
 

India: The big fight for port cargo


The controversy over the functioning of stevedores and on-shore cargo-handling agents who load and unload bulk cargo onto and from ships at the non-mechanized berths at the 12 ports owned by the Indian government is primarily the outcome of a … Continue reading

 
China Shipping Container Lines Co
 

China Gets One-Meter Edge in Race for Biggest Freighter


In shipping these days, bigger is better. Even if it’s just one meter. China Shipping Container Lines Co. (2866) is ready to launch the largest container ship ever built, a 400-meter (1,300 feet) behemoth that stretches more than four football fields … Continue reading

 
import of scrap ships
 

Bangladesh: Drastic fall in import of scrap ships due to poor demand


Import of scrap ships is falling gradually for the last couple of years mainly due to poor development works by the government and downtrend in private investments, industry insiders said. It fell by nearly 35 per cent in the last … Continue reading

 
Reefer Box Capacity
 

Reefer Box Capacity Forecast to Grow 22% Over Next Five Years


Reefer capacity on the containership fleet is expected to increase by 22% over the next five years, at the expense of a declining specialised reefer fleet, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast. Reefer box capacity … Continue reading

 
classnk
 

ClassNK Issues New Rules and Guidance for Inland Waterway Ships


Leading classification society ClassNK (Chairman and President: Noboru Ueda) has released new technical rules and guidance for the survey and construction of inland waterway ships. As a result of ClassNK’s recent expansion of its global activities, in particular across South … Continue reading

 
Fortunagracht CEE
 

Port of Cleveland & Spliethoff to Add Second Sailing to Cleveland-Europe Express


The Port of Cleveland and Amsterdam-based Spliethoff Group announced today their mutual intent to add a second monthly vessel to the Cleveland-Europe Express (CEE), the only scheduled ocean service for containerized and breakbulk freight operating between Europe and a Great … Continue reading

 
China thermal coal
 

China’s thermal coal market sees limited support from pre-winter stocking


China’s domestic thermal coal market may not get much support from pre-winter stocking in the seasonally strong fourth quarter, this year, due to high stocks at power utilities, which are running on relatively low capacity amid rich hydropower and a … Continue reading

 
OPEC Crud
 

OPEC Supply Risks Mount as Biggest Libyan Field Is Halted


A reduction in OPEC crude output deepened as Libya’s biggest producing oilfield stopped pumping amid supply cuts from Saudi Arabia and potential disruptions to Nigerian exports. Libya halted the Sharara oilfield as a precaution after a rocket attack on the … Continue reading

 
MacGregor Logo
 

MacGregor secures RoRo cargo access equipment order from South Korea


MacGregor, part of Cargotec, has won an order from Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea for the design and delivery of MacGregor RoRo cargo access equipment. It is destined for a 180m logistics and support vessel (LSV) … Continue reading

 
Iranian oil tankers
 

India ships in 50 pct more Iranian oil in Jan-Aug -trade


Indian imports of Iranian oil rose by nearly half to 271,000 barrels per day (bpd) in January-August from a year ago, when refineries cut purchases due to worries about insurance coverage for processing crude from Tehran, data from trade sources … Continue reading

 
Nigeria crude oil
 

US weekly Angolan crude oil imports at highest level since November: EIA


Weekly US imports of Angolan crude have hit their highest level since November 2013, according to Platts analysis of EIA data. Some 319,000 b/d of Angolan crude traveled to the US for the week ending September 12, an increase of … Continue reading

 
bimcologo
 

BIMCO: The People’s Bank China initiates economic counterstrike


People’s Bank of China has silently initiated a monetary counterstrike as the number of weak macroeconomic indicators mount. Earlier this week, the slowdown in Chinese industrial production growth was another indicator of a slowing GDP growth level in the World’s … Continue reading

 
irclass logo
 

IRClass Academy Highlights Impact of Upcoming Regulations on Wreck Removal


The Nairobi International Convention on wreck removal was ratified by India recently and will be enforceable from April next year. This will place financial responsibility for the removal of certain hazardous wrecks on shipowners. Acknowledging this change, the IRClass Academy … Continue reading

 
Republic of the Marshall Islands
 

Marshall Islands Maritime Registry sees significant fleet growth in Brazil’s offshore sector


Since the opening of its Rio de Janeiro office 2012, the Republic of the Marshall Islands (RMI) Registry has firmly established itself as the flag of choice for companies doing business in Brazil. International Registries, Inc. and its affiliates (IRI), … Continue reading

 
Shanghai 380 CST bunker fuel
 

Singapore 380 CST ex-wharf bunker fuel outright price hits 27-month low


The outright price of Singapore 380 CST ex-wharf bunker fuel hit a 27-month low of $571/mt on Tuesday on the back of weakening crude — Front-month Brent crude futures fell below $100/b on September 8 for the first time in … Continue reading

 
AADA
 

AADA China-Australia rates increase US$500/TEU from October 15


MEMBER shipping lines of the Asia Australia Discussion Agreement (AADA ) will levy a US$500/TEU and US$1,000/FEU rate increase on cargo from mainland China and Hong Kong to ports and points in Australia for both dry and refrigerated cargo from … Continue reading

 
low-sulphur fuel
 

MSC low-sulphur fuel levy US$15/TEU Asia-Europe, but $165/TEU to Montreal


THE Mediterranean Shipping Co (MSC) will levy a low sulphur fuel surcharge from January 1 when European and North American authorities enforce UN emission control zone rules, which compel the use of low-sulphur fuel, 60 per cent more expensive than … Continue reading

 
Los Angeles Port 4
 

LA August up 6.7pc to 757,702 TEU while LB down 9.1pc to 573,083 TEU


THE Port of Los Angeles’ August volumes increased 6.7 per cent year on year, rising to 757,702 TEU while Long Beach’s throughpout fell 9.1 per cent to 573,083 TEU. Long Beach said that the slip came on top of high … Continue reading

 
Kuwait's oil exports
 

U.S. considering options if oil export ban challenged


Obama administration officials are concerned about the legality of a ban on oil exports and have begun discussing how to deal with potential challenges from nations that want to buy U.S. crude, two sources said. Officials in the Office of … Continue reading

 
Indonesian coal shipment
 

Indonesia 2015 Coal Exports Seen Down 14% on New Curbs


Indonesia’s coal exports are expected to decline by around 14 percent to 300 million metric tons in 2015 as a result of China’s newly announced import curbs and upcoming local export rules, the country’s top coal industry association said. China … Continue reading

 
Saudi Oil
 

Deeper Saudi Oil Cuts Seen After Biggest Drop Since ’12


Saudi Arabia will need to keep cutting oil output to sustain prices above $100 a barrel, even after the kingdom’s largest reduction in two years, according to BNP Paribas SA and Societe Generale SA. The world’s biggest crude exporter told … Continue reading

 
Mr. Rethina Kumar
 

“We will do it right, Now & Always” : Mr. Rethina Kumar


There is a famous saying “When the going gets tough, the tough gets Going”. This is a classic example of Lilly MARITIME Pvt. Ltd, a Mumbai based Ship management company, which has diversified into various maritime activities in the recent years. … Continue reading

 
Russia plans to boost shipbuilding capability
 

Russia plans to boost shipbuilding capability


Russia plans to boost its shipbuilding capability by creating a shipbuilding cluster for construction of vessels and marine equipment that will attract foreign investments. According to the Russian Government’s decree On the development of shipbuilding in Russian Far East, issued … Continue reading

 
China’s ZPMC cranes
 

Shipping ministry for reconsidering security ban on China’s ZPMC cranes


The shipping ministry has asked security agencies to reconsider their decision to deny clearance to Chinese crane maker Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC) for supplying cargo handling equipment to India’s 12 state-owned ports. “We have asked the security … 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.