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Maritime Center To Fight Gulf of Guinea Piracy
 

Maritime Center To Fight Gulf of Guinea Piracy


The MMCC is one of many planned as a part of the ECOWAS Integrated Maritime Strategy to coordinate joint patrols, naval drills, training programs and intelligence sharing among the naval forces of the Gulf of Guinea Pilot Zone E. Located … Continue reading

 
bunker
 

Low bunker price not good news for all


Lower bunker prices, port congestion and tonnage oversupply were among the key shipping issues last year highlighted by a panel of shipping and finance experts at the 8th Marine Money Hong Kong Ship Finance Forum this week. Jeffries Hong Kong … Continue reading

 
Ukraine Arrests Turkish Ship for Visiting Crimean Port
 

Ukraine Arrests Turkish Ship for Visiting Crimean Port


Turkey owned merchant ship flying the flag of Tuvalu was arrested by Ukrainian authorities over a visit it made to a port in Crimea, reports Reuters. The ship’s captain detained. Tuvalu-registered 5,095 deadweight ton ship Kanton was being held in … Continue reading

 
Georgia Ports Authority
 

Container volume at Savannah rises 14.2pc in February to 284,037 TEU


CONTAINER throughput at Georgia Ports Authority’s (GPA) terminal at Savannah rose 14.2 per cent to 284,037 TEU in February. For the fiscal year beginning in July, GPA moved 2.32 million TEU, an increase of 13.7 per cent or 279,882 TEU, … Continue reading

 
Panama Canal
 

Panama Canal sets sights on new $17 billion expansion project


As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion that would allow it to handle the world’s biggest ships. Workers … Continue reading

 
PSA
 

PSA to invest US$42 million to boost terminal capacity at Sines, Portugal


GLOBAL port group, PSA International of Singapore, is to invest EUR40 million (US$42.5 million) to enhance the annual capacity of its container terminal in Sines, 100 kilometres south of Lisbon, to 2.5 million TEU. PSA said the extra 800,000 TEU … Continue reading

 
oil
 

UPDATE 10-Oil dives 5 pct as worries about Iran talks trump Yemen


Oil tumbled 5 percent on Friday, erasing the previous session’s gains, as Yemen’s conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more … Continue reading

 
US West coast
 

Study: US west coast ship delays deteriorated rapidly in fourth quarter


VESSEL arrival data from freight forwarding software provider Freightos shows how quickly US west coast port congestion intensified as 2014 wore on, with ships berthing late in December by an average of 5.2 days, compared to 1.7 days in September.The … Continue reading

 
China Cosco
 

Beijing subsidies help China Cosco to higher full-year profit


China Cosco, operator of the country’s largest dry bulk fleet, posted a 54 percent rise in full-year profit, boosted by subsidies from Beijing amid a subdued market. The flagship unit of state-owned conglomerate China Ocean Shipping Group said net profit … Continue reading

 
Nigeria crude oil
 

Nigeria: Bonny Light Under Pressure of Crude Oil Price Decline


Nigeria’s crude oil grade, bonny light is under pressure of price decline and insufficient export, due to force majeure regularly declared by Nigerian oil companies as a result of vandalism. Besides, the Shell Petroleum Development Company of Nigeria Limited (SPDC), … Continue reading

 
Fourth Ocean Shipping Executive
 

Fourth Ocean Shipping Executive Pleads Guilty to Price Fixing on Ocean Shipping Services for Cars and Trucks


An executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) pleaded guilty today and was sentenced to 18 months in a U.S. prison for his involvement in a conspiracy to fix prices, allocate customers and rig bids of international ocean shipping … Continue reading

 
CAPESIZE BULKER
 

Asia Dry Bulk-Capesize rates to remain flat despite capacity cuts


Rates for capesize bulk carriers, which have been close to six-year lows for the last two months, are unlikely to improve as a tonnage glut continues to weigh on the market even as owners increasingly idle, lay-up or scrap their … Continue reading

 
Singapore's MPA
 

Singapore port authority denies Iceberg Research claims on Noble unit


Singapore’s port authority has denied allegations of misconduct made by Iceberg Research against a subsidiary of commodities trader Noble Group , which is taking legal action against the arcane research group. Singapore’s Maritime and Port Authority (MPA), in an emailed … Continue reading

 
dry bulk ship
 

The Dry Bulk Fleet At Breaking Point


The severe oversupply in the bulkcarrier fleet has contributed to the current trough in the dry bulk market, putting considerable financial pressure on owners, many of whom are subject to earnings close to operating costs. This has triggered a surge … Continue reading

 
Hapag-Lloyd ve CSAV
 

Hapag-Lloyd’s widens net loss as CSAV is painfully absorbed


GERMAN shipping giant Hapag-Lloyd widened its net loss to EUR603.7 million (US$652.7 million) in 2014 from a loss of EUR97.4 million suffered the previous year. “In terms of results, 2014 was an extremely disappointing year,” said Hapag-Lloyd CEO Rolf Habben … Continue reading

 
HSFO
 

HSFO barges shift to backwardation on opening arb east


High sulfur fuel oil FOB Rotterdam barges flipped to a backwardation Wednesday with traders noting a surge in the numbers of fixtures east. The fuel oil derivatives complex saw the April 3.5% FOB Rotterdam barge swap record a $0.25/mt premium … Continue reading

 
Maritime Training Academy
 

The Maritime Training Academy Launches NEW Diploma in Maritime Security


Distance learning experts, the Maritime Training Academy are pleased to announce the launch of their new Diploma in Maritime Security. Written by experts in the maritime security field, across the commercial and super yacht sectors, the course has been developed … Continue reading

 
india coal mine
 

Indian Demand For Energy Is Good News For Coal Miners


India appears set to achieve its decades-long goal of overtaking China as the Asian giant with the fastest growing economy and if that achievement can be sustained it could be the spark which re-ignites the fading Australian coal mining industry. … Continue reading

 
Ocean Three service
 

CSCL maiden call at the AGCT launches Ocean 3 in Rijeka


China Shipping Container Line’s (CSCL) Xin Qin Huang Dao recently made its maiden call at the Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) container handling facility in the Port of Rijeka, Croatia, which marked the launch … Continue reading

 
Port of Duisburg
 

Chinese market leader NGC sets up European head office in the Port of Duisburg


NGC is the first Chinese company to settle in the Port of Duisburg. Nanjing High Accurate Drive Equipment Manufacturing Group Co., Ltd (in short: NGC) is a global player in the transmission and drive technology industry. By establishing its European head office in Duisburg, the manufacturer … Continue reading

 
India Dry Bulk Cargo Summit 2015 copy
 

“India Dry Bulk Cargo Summit 2015″- Receiving Global Participation


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

 
Nitin Gadkari 1
 

India: Cabinet Decisions for Shipping Sector Revolutionary, says Nitin Gadkari


Minister of Shipping and Road Transport & Highway, Shri Nitin Gadkari has described the decisions taken by the Cabinet on March 25, 2015 regarding shipping sector as ‘revolutionary and historical’. While briefing the media persons on these decisions here today … Continue reading

 
APM1
 

APM Terminals Mumbai Welcomes China Shipping


APM Terminals Mumbai welcomed China Shipping Container Line’s HS Paris on March 20th, on her maiden call as part of the Middle East-Indian Subcontinent-North America (MINA) Service, jointly operated by the United Arab Shipping Company, Hanjin Shipping, CMA CGM and … Continue reading

 
LNG imports
 

India to boost LNG imports to raise power generation


The Indian government said it will boost imports of liquefied natural gas (LNG) to improve electricity generation and revive plants worth billions of dollars to fuel economic expansion. India’s plan to import LNG will boost power supply by 79 billion … Continue reading

 
 
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