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Clean tanker rates
 

Clean Handysize vessel cross-Med freight rates spike to 20-month high


Clean Handysize freight rates on cross-Mediterranean voyages spiked to just over a 20-month high Thursday as a wave of cargoes in the last two weeks drastically reduced available vessels. Rates on cross-Med runs, basis 30,000 mt, were assessed Worldscale 10 … Continue reading

 
Shipping Industry Works to Reduce Greenhouse Carbon Emissions
 

Shipping emissions could grow 250 per cent by 2050


emissionShipping emissions made up 2.2 per cent of global CO2 emissions in 2012 down from 2.8 per cent in 2007, but the sector’s carbon impact is likely to grow significantly in the coming year, according to a new UN-backed study. … Continue reading

 
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No travel or trade ban necessary to deal with ebola threat, says IMO


The IMO has reiterated that there is no need for a general ban on international travel or trade due to the Ebola virus disease outbreak in West Africa. The advice comes on the recommendations of the third meeting of the … Continue reading

 
Somalia piracy
 

Sustained response to Somalia piracy requires effective State governance – UN political chief


While noting the progress made to combat piracy off the coast of Somalia, the United Nations political chief today said that a sustained long-term solution must include the presence of effective Government and State institutions that provide basic services and … Continue reading

 
cmb-banner-mirror
 

CMB: Third Quarter Results 2014


CMBCMB’s executive committee has reviewed the consolidated results recorded for the third quarter 2014. The third quarter consolidated result amounts to USD -12.160.000 (2013: USD 13.888.000), bringing the consolidated result for the first nine months of 2014 to a total … Continue reading

 
Container shipping
 

Industry predicts global shipping volumes to hit billion TEU by 2020


CONTAINER volumes handled by ports worldwide is forecast to increase to up to one billion TEU by the end of the decade, up from 623 million TEU in 2013. Speaking at a seminar in London, Drewry Maritime research senior manager … Continue reading

 
aqaba
 

Aqaba dockers end APMT strike, labour court expected to rule on wages


STRIKES at Aqaba Container Terminal Jordan’s only seaport, have come to an end with the union and the port operator APM Terminals (APMT) agreeing to a no-walkout/no-lockout policy while contract talks continue, reports Lloyd’s List. Aqaba has huge strategic importance … Continue reading

 
OOCL
 

OOCL cancels Asia-North Europe Loop 6 on low Christmas demand


HONG KONG’s Orient Overseas Container Line (OOCL) has announced in a notice to trade that it will withdraw Loop 6 on Week 48 (ETA Kaohsiung on 23 November) on the Asia-North Europe service. The company said it was doing this … Continue reading

 
Asia Fuel Oil
 

Saudi Arabia supplies less oil in September despite output rise


Saudi Arabia supplied less crude oil to the market in September than a month earlier, an industry source said, at a time when some OPEC members are calling on the top oil exporter to cut back output to lift prices. … Continue reading

 
Chinas-iron-ore
 

China iron ore concentrates: Downward pressure from steel output cuts


The Chinese domestic iron ore concentrate price remained flat over the week for the second week in a row, but is expected to be under downward pressure from steel output cuts in north China’s Hebei province because of smog and … Continue reading

 
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

 
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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

 
 
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