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India Dry Bulk Cargo Summit 2015 copy
 

“Meet In India- Navigate The Future”


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

 
capesize
 

Asia Dry Bulk-Capesize rates gloom to persist on tonnage glut


Rates for capesize bulk carriers, which have been hovering close to six-year lows for the last two months, are likely to remain relatively flat next week as excess tonnage continues to weigh on the market, brokers said. That comes despite … Continue reading

 
Seafarers’ aspirations get a boost in budget
 

All Above Board | Seafarers’ aspirations get a boost in budget


Of all the decisions taken by the Narendra Modi government to facilitate the ease of doing business or just to boost India’s maritime sector, what stands out is a desire to push the cause of seafarers, both employed as well … Continue reading

 
Houston Ship
 

Houston Ship Channel halts after tanker-container ship collision


The Houston Ship Channel was closed Thursday afternoon after a tanker carrying lube oil and a container ship collided in the waterway, the Houston Pilots said. The shutdown came hours after the channel reopened following several days of fog that … Continue reading

 
The Baltic Exchange’s main sea freight index
 

100,000th block future reported to Baltex


The Baltic Exchange’s electronic trading platform, Baltex, has now handled more than 100,000 block futures since launching its new block futures facility on 1 December 2014. The system allows brokers to use LCH.Clearnet’s clearing services while helping the FFA market … Continue reading

 
Panalpina
 

Panalpina profit up 740pc in 2014 to US$89.65 million on flat sales


SWISS forwarding giant Panalpina has posted a 739 per cent year on year profit increase to CHF86.5 million (US$89.65 million) in 2014, drawn on revenues of CHF6.7 billion, which was down 0.7pc. Consolidated fourth quarter 2014 profit amounted to CHF17.3 … Continue reading

 
Asia europ rate
 

Asia-Middle East, South Asia rates fall due to overcapacity


CARRIERS serving the Asia to the Middle East and South Asia trades are struggling to maintain load factors to support freight rate increases with spot rates falling, according to Drewry Container Insight. The London-based analyst said in a research report: … Continue reading

 
PORT of Rotterdam
 

Revenue at Port of Rotterdam Authority rises, profits fall


Revenue of the Port Authority rose by 3.1% last year due to increased economic activity at the port. However, profits fell by 4.9% owing to higher interest charges and depreciation. The completion of phase 1 of Maasvlakte 2 brought the … Continue reading

 
Iron ore imports
 

Dalian iron ore hits 3-month low as some Chinese mills shut


Dalian iron ore futures fell more than 3 percent on Thursday to their lowest level since November as China toughened its fight against pollution by shutting some steel mills, possibly reducing demand for the raw material. A cut in China’s … Continue reading

 
oil th
 

Oil to stay below $US50 for the rest of 2015


Surplus storage space and oversupply of capital will keep United States oil prices at less than $US50 a barrel for at least the rest of this year, one of the world’s most-respected commodities analysts says. Goldman Sachs’ global head of … Continue reading

 
Shipping in the Indian Ocean
 

Shipping in the Indian Ocean is still at risk


Underestimating the security risk in the Indian Ocean could put ships in great danger once again, says maritime security company MAST Ltd. Gerry Northwood OBE, COO of MAST, said: “Whilst recent reports and incidents seem to be pointing to the … Continue reading

 
Worldscale shipping rates
 

Worldscale rates for India’s Mundra to rise: Worldscale Association


Worldscale rates for loading and discharging in Mundra, India, have been raised, the Worldscale Association said Wednesday. “In light of new information regarding increased port tariffs, the Associations find it necessary to revise all rates involving loading or discharging at … Continue reading

 
Reliance Infrastructure Ltd
 

India: Reliance Infrastructure to acquire Pipavav Defence


Reliance Infrastructure Ltd, a part of billionaire Anil Ambani’s Reliance Group, will spend Rs.819 crore for an 18% stake in Pipavav Defence and Offshore Engineering Co. Ltd, gaining management control. Reliance Infrastructure, through its subsidiary Reliance Defence Systems Pvt. Ltd, … Continue reading

 
mol ship
 

MOL hikes Asia-east coast South America rate US$750/TEU March 18


JAPAN’s biggest shipping company, MOL, has announced it will implement a general rate restoration for all types of cargo moving from Asia to the east coast of South America, starting March 18. From Asia, including the Indian subcontinent, to the … Continue reading

 
CaroTrans International
 

CaroTrans Adds Asia to U.S. Southeast LCL Import Service to Global Network


CaroTrans, a leading global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, today announces a new all-water LCL (less than container-load) import service from Shanghai to Atlanta via the Port of Savannah. It is a 32-day transit. Freight is … Continue reading

 
icon_ceva
 

CEVA Holdings LLC Results for the Fourth Quarter ended 31 December 2014


CEVA Holdings LLC (“CEVA” or the “Company”), one of the world’s leading non‐asset based supply chain management companies, today reported results for the three months ended 31 December 2014. Key Financials ($ millions) Quarter   Q4 2014 Q4 2013 % Change Revenue … Continue reading

 
iswan 3
 

Judges Announced for International Seafarers’ Welfare Awards 2015


ISWAN is pleased to announce that the judging panel for this year’s awards will be Mr Masamichi Morooka President of the International Chamber of Shipping, Mr Steve Cotton, General Secretary of the International Transport Workers’ Federation, Fr Bruno Ciceri, Chair … Continue reading

 
Asian bunker fuel
 

Houston bunker fuel, marine gasoil prices rise on vessel congestion due to fog


High sulfur bunker fuel and marine gasoil prices in Houston were under upward pressure Tuesday due to a halt of port operations because of bad weather conditions, market sources said. Dense fog on the US Gulf Coast caused the delay … Continue reading

 
Australian Coal
 

After mini boom, Australia coal prices come down to earth


A rally in Australian coal prices has fizzled almost as quickly as it started, brought down to earth by oversupply and weakening Chinese demand, setting the stage for lower annual price agreements with Japanese utilities. Asian benchmark thermal coal prices … Continue reading

 
NWE bunker fuel premiu
 

NWE low sulfur fuel oil remains firm on lack of utility-grade product: sources


Northwest European low sulfur fuel oil cargoes remain firm on a lack of utility-grade product, sources said. Physical FOB NWE 1% sulfur fuel oil cargoes were assessed at a $0.25/mt premium to front-month swaps Tuesday, the highest since late January, … Continue reading

 
India Dry Bulk Cargo Summit 2015 copy
 

“Meet In India- Building Strategies For Better Future”


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

 
Kamarajar Port
 

India: Agreement Signed for Export of Automobile Units through Kamarajar Port


Kamarajar Port Limited (KPL, erstwhile Ennore Port Limited) has signed an agreement with M/s Toyota Kirloskar Motor Pvt. Ltd. for export of automobile units through Kamarajar Port in the presence of Union Minister of Shipping and Road Transport, & Highways, … Continue reading

 
Nitin Gadkari 1
 

India: Nitin Gadkari Launches ‘Shipping Samvad’


Union Minister of Shipping, Road Transport & Highways Shri Nitin Gadkari launched a website “Shipping Samvad” here today. The objective of the website is to invite innovative ideas and suggestions from general public and experts related to Indian maritime sector … Continue reading

 
SCI
 

India: SCI to buy LPG, offshore vessels for Rs. 800 cr


Shipping Corporation of India, which is returning to profits after three consecutive years of losses, is reviving its ship acquisition plans, though in a small way. It is planning to buy one or two LPG ships, besides placing orders for … Continue reading

 
 
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