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India Dry Bulk Cargo Summit 2015 copy
 

“India Dry Bulk Cargo Summit 2015″ Avail The Early Bird Discount Now


The Shipping Tribune is pleased to announce “India Dry Bulk Cargo Summit 2015″ A One Day Conference on 5th June 2015 at Holiday Inn, Andheri (East), Mumbai. Industry professionals from different parts of the world are participating in this conference, making the … Continue reading

 
VLCC freight
 

Asia Tankers-VLCC rates to come under pressure as charterers hold onto cargo


Rates for very large crude carriers (VLCCs) on a key Asian route jumped to a three-month top this week, but prices are likely to soften as charterers hold back cargoes amid a slight oversupply of tonnage, brokers said. VLCC freight … Continue reading

 
India's ship scrap
 

Indian yards to demolish vessels for scrapped metal


Indian yards will demolish a number of vessels as it needs to increase supply of scrapped metal for the country’s infrastructure development programmes. The shipping market is weak and it is wise to replace older and inefficient vessels, said delegates … Continue reading

 
USGC
 

USGC naphtha cargoes head to Asia, but rising freight could hit further moves


Several US Gulf Coast naphtha cargoes are headed to Asia this month due to a more workable arbitrage, though rising freight rates could halt further movements, shipping and trading sources said. Five or six cargoes of mostly heavy naphtha have … Continue reading

 
MSC NEW Falcon -MV MSC ROMA
 

MSC’s New Falcon Service Makes its New Home at Most Modern Terminal in Busan’s New Port


BNCT, the newest container terminal in Busan, is delighted to welcome the maiden call of MSC’s New Falcon service with MV MSC ROMA on Saturday, 25 April. This service which newly launched this year is a part of MSC’s objective … Continue reading

 
Brazilian port
 

Private sector supports dredging Santos to 17 metres for mega ships


A CAMPAIGN dubbed “Santos 17″ to deepen the Brazilian port to 17 metres from 13 in order to dock 13,000 TEUers has received the backing of all the main terminal operators. “We are bringing together all terminal operators, general cargo, … Continue reading

 
ics-logo
 

ICS dismisses less efficient ship claim, but eco lobbies stand firm


THE International Chamber of Shipping (ICS) has dismissed claims from state-funded Brussels-based eco lobbies that modern ships are less CO2 efficient than those built 20 years ago. Eco lobby Transport & Environment (T&E) and Seas at Risk base their claims … Continue reading

 
OOCL
 

OOCL posts 3.2pc quarterly revenue decline as box volume slips 2.5pc


HONG KONG’s Orient Overseas Container Line (OCCL) posted a 3.2 per cent first quarter year-on-year decline in revenue to US$1.34 billion, as well as a 2.5 per cent fall in container throughput to 1.31 million TEU. The only increase in … Continue reading

 
coal
 

Worldwide Coal Market Is Adjusting as China’s Appetite Slows


Chinese coal consumption is still on the rise, although a cooling rate of expansion is leaving producers with more than they can sell, said Ernie Thrasher, chief executive officer of XCoal Energy & Resources LLC. The nation’s imports of the … Continue reading

 
OPEC
 

OPEC oil giants pump record 2m bpd in Q1


The world’s biggest oil exporters in Opec are pumping almost two million barrels per day (bpd) more crude than required, the highest surplus for at least a decade, data from Reuters, top forecasters and energy agencies shows. The Organization of … Continue reading

 
THE Association of Shipping Interests in Calcutta
 

ASIC holds first ‘5-A-Side Soccer’ tournament in Kolkata


THE Association of Shipping Interests in Calcutta (ASIC) recently organised a unique event—‘5-A-Side Soccer’—which saw the participation of shipping lines/agents, Port Trust, Customs, freight forwarders, ICD/CFS operators, Customs brokers and ex-im companies. The tournament was the first-of-its-kind in the city. … Continue reading

 
Kerala to develop 6 minor ports
 

India: APSEZ seeks grant to build Kerala port


Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operator, has made the sole price bid for developing a new port at Vizhinjam, Thiruvananthapuram in Kerala. The price quotation submitted by APSEZ seeks a grant of Rs.1,635 … Continue reading

 
panamax ship1
 

Panamax freight rates on UKC-USGC run rise on increased VGO flows to the west


The cost of sending 55,000 mt cargoes from UK Continent to the US Gulf Coast have risen this week after an increase in the flow of VGO heading west has left position lists in the UKC at their tightest in … Continue reading

 
clarksons
 

Inspecting Class Society Ownership Trends


Classification societies play an integral part in maintaining the safety and technical standards of the global fleet. The International Association of Class Societies (IACS) helps unify standards but the ownership of the tonnage classed by both IACS and non-IACS members … Continue reading

 
Maritime industry
 

Cabinet approves agreement between India, Jordan on maritime transport


The Union Cabinet chaired by Prime Minister Narendra Modi today gave its approval for signing of a shipping agreement between India and Jordan. Recognizing the significant mutual benefit that can be derived from cooperation in the area of shipping between … Continue reading

 
port of halifax
 

Port of Halifax cargo takes 8.6% hit due to tough winter


Harsh winter conditions helped stifle the flow of cargo through the Port of Halifax during the first three months of the year. Halifax Port Authority reported that container traffic in the first quarter of the year was about 89,367 containers, … Continue reading

 
Seattle and Tacoma
 

Seattle-Tacoma March up 21pc to 361,951 TEU, up 3pc year-to-date


CONTAINER at Seattle and Tacoma in March rose 21 per cent year on year to 361,951 TEU, showing that the ports are recovering from the congestion caused by four months of docker slowdowns. The Seattle-Tacoma port complex in the first … Continue reading

 
bhp
 

Iron Ore Rallies Into Bull Market After BHP Billiton’s Shift


Iron ore advanced into a bull market after BHP Billiton Ltd. curbed expansion plans in Australia and supplies from higher-cost mines dropped, easing concern that global output will outpace demand and feed a global glut. Ore with 62 percent content … Continue reading

 
EIA
 

Oil trade off Yemen coast grew by 20% to 4.7 million barrels per day in 2014


While Yemen is not a major oil-producing country, its coast borders the Bab el-Mandeb Strait, a narrow chokepoint between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and … Continue reading

 
Saudi_Arabia_flag
 

Saudi Arabia’s Solution to Global Oil Glut: Pump Even More Crude


Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even more. The world’s biggest oil exporter, having abandoned last year its role of keeping global markets in balance, now has … Continue reading

 
tankers
 

Strong tanker market extends peak season high earnings


In the first quarter of 2015, tanker earnings for crude oil tankers have climbed to new strong levels, with averages not seen since 2008. The demand for crude oil tankers remain high even though the winter months are far behind … Continue reading

 
IBIA
 

IBIA underlines strong Singapore ties and calls for greater use of latest ISO specs


The special relationship that the International Bunker Industry Association (IBIA) enjoys with Singapore’s Maritime & Port Authority (MPA) was underlined at the annual IBIA Asia dinner this week. Singapore is a signatory to IBIA’s Port Charter designed to raise bunkering … Continue reading

 
CONTAINERTUG
 

ContainerTug designs mini version that can be moved as easily as a TEU box


CONTAINERTUG has developed a tug boat that can be handled like a 20-foot container can be shipped around the globe and trucked to even the remotest of locations by a 4×4 / 6×6 truck with a knucklehead crane. According to … Continue reading

 
shipowner
 

Shipowners urged to refrain from new orders amid abundance of capital


Shipowners have been urged to exercise restraint on the ordering of new ships amid the lure of readily available capital in the market, and bearing in mind the continuing oversupply of tonnage, according to DNB Asia. Andreas Ostern, senior vice … Continue reading

 
 
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