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APM1
 

APM Terminals Seeks More Ports in Turkey on Shipping Prospects


APM Terminals BV, the port operator owned by AP Moeller-Maersk A/S (MAERSKB), wants to buy more ports in Turkey, a market where container volumes are growing twice as fast as the economy. “We are definitely interested to have a port … Continue reading

 
ics-logo
 

ICS Addresses OECD Shipbuilding Working Party


The OECD should be cautious about becoming involved in the question of what constitutes an ‘eco-ship’, was the message delivered to governments in Paris by the International Chamber of Shipping (ICS) at a meeting of the OECD Working Party on … Continue reading

 
ITF
 

East Coast India & Sri Lanka Seafarers & Dockers Unions target FOC ships during ITF Action Week


Seafarers and dock workers unions in designated ports of Chennai, Tuticorin, Paradip, Kolkata & Haldia along the east coast of India and neighboring Colombo in Sri Lanka, launched a week long industrial campaign (24-28 November 2014), against `Flags of Convenience’ … Continue reading

 
Piracy and fuel theft in Southeast
 

Piracy and fuel theft in Southeast Asia are syphoning confidence


An increase in the number of attacks on shipping in the first half of 2014 has fed concerns – amplified by media and security firms – that piracy is in the ascendant in and around Southeast Asia. But while the … Continue reading

 
Adani buys India's Dhamra port
 

India: Dhamra Port to invest Rs 7,000 cr for expansion


Adani Group-owned Dhamra Port Company Limited (DCPL) would invest around Rs 7,000 crore for expansion of cargo handling facility, an official of the company said on Tuesday. “We are embarking on the second phase of expansion of Dhamra Port. The … Continue reading

 
US Commerce Department
 

US Commerce Department wants anti-dumping duties on Shenzhen boxes


AFTER declaring Chinese standard shipping containers were sold below cost in the United States, the Commerce Department has decided to apply for anti-dumping duties on further imports from China. Under a ruling, Chinese 53-footers would face anti-dumping duties of up … Continue reading

 
SAIL’s coking coal
 

SAIL’s coking coal imports to touch 35 million tonne by 2025


State-run steel maker SAIL’s coking coal imports will touch 35 million tonnes by 2025 when the targetted production capacity is projected to touch 50 million tonnes, a company official said. “Presently, SAIL’s coking coal imports is around 12 to 13 … Continue reading

 
Iron Ore 1
 

Iron Ore Prices Will Stay Low


Morningstar Research Analyst Richard Lane wrote that, relative to other industries in the basic materials space, the steel industry exhibits a very flat cost curve. For the production of hot-rolled coil, 85% of the industry cost curve operates within $100 … Continue reading

 
MacGregor Logo
 

Cargotec’s MacGregor signs Pusnes mooring system contract with Shell


MacGregor, part of Cargotec, has signed a contract with Shell for a Pusnes permanent mooring system. Contract value is around EUR 20 million. “We are very happy to finalise this large contract,” says Jan Martin Grindheim, Vice President, Offshore Mooring … Continue reading

 
Barclays
 

Delay in Iran nuke deal will impact Oil market: Barclays


Iran and the P5+1 extended the deadline for reaching a comprehensive agreement over Iran’s nuclear program for another seven months. For the oil market, sanctions on Iran’s 1 mb/d of crude oil sales lessen pressure on OPEC or other producers … Continue reading

 
India's ship scrap
 

India’s ship scrap market is hit hard by cheap Chinese steel slabs


VOLATILE currency movements and crashing steel prices have hit prices on offer for scrap ships in India, which also compete with cheap steel from China. Ship demolition markets in Pakistan and Bangladesh are proving more resilient than India’s, where prices … Continue reading

 
DP World
 

DP World ships banned ZPMC cranes to Jawharlal Nehru port


When a ship carrying four quay cranes manufactured by Shanghai Zhenhua Heavy Industries Co. Ltd (ZPMC) docks at Jawaharlal Nehru (JN) port near Mumbai on 29 November, it is bound to raise eyebrows because China’s state-owned port crane maker is … Continue reading

 
cargo handlers
 

India: Attorney general’s opinion sought on new tariff for old cargo handlers


The shipping ministry has sought the opinion of the attorney general on migrating old cargo handlers to a new market-linked rate regime announced in July 2013 for new projects. A critical issue in this exercise is how to deal with … Continue reading

 
London P&I Club
 

London P&I Club calls for greater attention to masters’ night orders


NOW that deepsea captains have become “day workers” and ships still arrive at dawn, more attention should be placed on the drafting and enforcement of master’s night orders, says a major British marine insurer. “The value of masters’ night orders … Continue reading

 
Global Offshore
 

Global Offshore hits new high on taking delivery of vessel


Global Offshore Services has soared 8% to Rs 588 on the back of heavy volumes on the National Stock Exchange (NSE) after the company said its subsidiary firm has taken delivery of platform supply vessel. “The company’s subsidiary, Global Offshore … Continue reading

 
Drewry-Shipping-Consultants-Ltd
 

Bigger containerships put greater pressure on the container industry


CARGO owners, intermodal operators, terminal operators and ports are facing increased financial and logistics pressures while shipping lines reap the benefits of lower costs, creating dis-economies of scale. London’s Drewry Maritime Research analysts say at the container shipping industry is … Continue reading

 
The Whalesong -2
 

Maritime Cook Islands Adds Specialised Tonnage To Its Fleet


Maritime Cook Islands (MCI), one of world’s the leading yacht registries, has just entered two types of highly specialised, high value vessels onto the flag from two established yacht owners, namely Emerald Sea Surveys and Echo Yachts. Emerald Sea Surveys … Continue reading

 
VIKING Life-Saving Equipment
 

VIKING’s arctic suit triumphs over extreme temperatures


A long-time favorite of mariners facing arctic survival risks, VIKING’s PS5002 immersion suit has been upgraded and independently tested at temperatures as low as -62.6 degrees Celsius. Marine and fire safety equipment leader VIKING Life-Saving Equipment has released the latest … Continue reading

 
fps
 

New app makes FPS more user-friendly


FPS Group – the global forwarding and consolidation network – has launched a new app for iPhones and Androids that enables members and customers to track ocean shipments passing through the FPS network.   The app also provides access to … Continue reading

 
Weak oil prices
 

Low oil prices may boost global growth outlook: Barclays


Roughly 20% decline in oil prices could boost global growth by 0.3-0.4 percentage points, and reduces the downside risks to the global growth outlook, a report by Barclays said. Energy equities are down 15%, and oil producing currencies like the … Continue reading

 
VLCC freight
 

Asia Tankers-VLCC rates to climb on cargo flurry


Rates for very large crude carriers (VLCCs) on key Asian routes are set to continue the rebound that started on Wednesday with a raft of new cargo requirements and upbeat sentiment, brokers said. Brokers anticipated charterers would ramp up the … Continue reading

 
Hyundai heavy
 

Hyundai Heavy Sees First Strike in 18 Years


Unionised workers at South Korea’s shipbuilding giant Hyundai Heavy Industries staged their first industrial action in almost two decades this Thursday when they walked out from a scheduled one hour of extra work after their regular eight-hour shift, the AFP reports. … Continue reading

 
moore stephens logo
 

Shipping operating costs stable, investments on rise: Moore Stephens


The cost of operating ships last year marginally declined for bulkers and containers and rose slightly for tankers as owners have worked to cap costs amid eroding earnings since 2008, a shipping industry study said. Consultancy Moore Stephens International said … Continue reading

 
coal shipment
 

Gulf Coast Embraces U.S. Coal Shippers Rejected by West


When it comes to exporting American coal, the West Coast’s loss is the Gulf Coast’s gain. While environmental opposition has stymied plans to build terminals in California and the Pacific Northwest, the Mississippi River town of Darrow, Louisiana, has a … Continue reading

 
 
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