India's Adani Group orders two TSHDs at Royal IHC Indian conglomerate Adani Group has ordered two trailing suction hopper dredgers (TSHD) at Royal IHC, a top company official has said. The dredgers, each with a capacity of 8,000 m³ will be delivered in 2017, Karan Adani, executive director, Adani Ports and Special Economic Zone Ltd (APSEZ), told IHS Fairplay. APSEZ, India's...
Cosco, China Shipping stocks to resume trading after five-month halt Credit: PAThe listed entities of Cosco and China Shipping will resume trading on Monday 14 December after being suspended for more than five months as reorganisation to merge the complex web of public entities under the two groups gets under way. The reorganisation has been approved in principle by the...
Coltraco confirms new partner SMS at Marintec for South Korean Shipbuilding industry for Portascanner®Watertight Our CEO is delighted to announce a new partnership with SMS Korea Co., Ltd.. See here Ms Palm, Senior Director of SMS with our CEO Mr Carl Hunter. Based in Busan, Korea SMS will be our partner in the shipbuilding industry. They will be supporting our Portascanner® Watertight ultrasonic watertight integrity...
Germany's Reederei Buss, Liberty One team up Reederei Buss' Batrum Trader. Credit: Malte Schwarz The protracted restructuring of German containership owner and manager Reederei Buss seems to be coming to a close with today's announcement of a new management appointment and ownership reshuffle. The company, which used to be among the leading tramp owners in Germany, but whose...
China's CMES orders 10 VLCCs Six of the vessels are to be built in Dalian, pictured. Credit: Southern Cross MaritimeShanghai-based China Merchants Energy Shipping (CMES) has placed orders for 10 very large crude carriers with three compatriot shipyards. Six vessels are to be built at Dalian Shipbuilding while both Nantong Cosco KHI Ship Engineering (Nacks) and...
Transcaspian East-West Trade & Transit Corridor Discussed in Washington, D.C. December 10, 2015Media contact person:Aytan Aliyevaaaliyeva@usacc.org202 333 8702 On December 10, 2015, U.S.-Azerbaijan Chamber of Commerce (USACC), based in Washington, D.C., hosted a breakfast briefing on Transcaspian East-West Trade & Transit Corridor: Role of Baku International Sea Trade Port. The briefing was opened by Executive Director of USACC Susan Sadigova who welcomed...
Piracy incidents in southeast Asia down in November Tanker Joaquim was hijacked in August. Credit: Martin WrightSoutheast Asia, which has seen a rising number of incidents of tankers being hijacked for bunkers or clean petroleum products, saw a decline in such attacks in November. Statistics from Singapore-based Regional Co-operation Agreement on Combating Piracy and Armed Robbery against Ships (ReCAAP) Information Sharing...
Shipbuilder DSME to sell Romanian yard Credit: PASouth Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), which is staring at a massive loss and growing debt, has announced that it will downsize or sell its Romanian yard, Daewoo-Mangalia Heavy Industries. DSME said in a Korea Exchange filing that it could either sell or downsize DMHI, in line...
China introduces tough emissions control rules for ships A section of China's Bohai Bay. Credit: PAChina is introducing rules to curb emissions from ships in its three major port areas. Ships berthing at main ports in the control areas of the Pearl River Delta, Yangtze River Delta, and the northeastern Bohai Bay rim will be required under national law...
First Pilbara mine closure announced as ore price hits new lows The first of Australia's iron ore juniors, BC Iron, buckled as the price of ore fell below USD40 per tonne this week. One mine shut down in the Pilbara as another opened. BC Iron announced it was suspending operations at its joint venture with Fortescue in the Pilbara at the same time...
No respite from excess capacity, says ship manager Bjorn Hojgaard, CEO of Anglo-Eastern Univan Group. Credit: Anglo-Eastern UnivanSome shipowners will inevitably be forced out of the oversupplied bulk and container shipping sectors, but their withdrawal will have little impact on the excess capacity that will simply be shifted around, said Bjorn Hojgaard, CEO of newly merged Anglo-Eastern Univan...
American Club going to get bigger, says Solarino Marine mutual gears up for launch of American Hellenic fixed premium hull insurer
Carry more, emit less Shell's Grahaeme Henderson asks how to economically meet increased demands for energy, while producing less Greenhouse gas?
Cosco and CSG unveil consolidation blueprint The two giants are fusing containership, bulker, tanker, port and leasing segments all at the same time
Capesize rates fall on most routes with weak demand Brazil-China trade holds up but any gains likely short-lived
New Baltic benchmark VLCC route signals renewed China focus Long-term plan is to replace Ras Tanura-Chiba with Ras Tanura-Ningbo trade
Asia-north Europe rates rally on back of mid-month GRIs But transpacific rates continue to slide
No end in sight to product stock building, warns IEA Owners worried over growing stock build-up - a release of stocks would cut demand for product tankers to haul cargoes
Joe Hughes injured in London bicycle accident Shipowners Claims Bureau chairman and chief executive forced to pull out of a client presentation in London
The nine hundred steps Korea Register was 55 years old in August - but under a new chairman it is looking young and competitive
Port of Melbourne lease deal stalls State government fails in bid to get legislation through parliament before the Christmas break
Singapore and Indonesia maritime authorities renew personnel training pact MOU aims to raise technical and professional standards for both government agencies
G6 alliance to keep existing members through 2016 APL expects to remain with G6 'at least' until end of next year
Tilbury bounces back as MacAndrews returns CMA CGM shortsea specialist quits Thamesport to join sister company OPDR at rival London terminal
ICBC Financial Leasing to raise co-operation with Vale after $423m deal Deal will help ICBC Financial Leasing avoid cyclical fluctuations in shipping
Taiwan's Keelung and Taichung achieve EcoPort certification Official certification ceremony will take place on Tuesday December 15
Yard Talk | Is it a good time to go bargain hunting at Chinese shipyards? For ship buyers, it will be best to order with longer lead times
Port of Long Beach sees fifth straight month of cargo volume growth Strong cargo volumes the result of upcoming post-holiday sales planned by retailers across the country
Fitch cuts 2016 global shipping outlook to negative Slowing emerging markets growth to aggravate shipping capacity glut
AET appoints Rajalingam as new president and chief executive Capt Raja is a former seaman and has been overseeing the running of AET since July
Origin says APLNG project to export first cargo by year end LNG export project has taken seven years and 15,000 workers to complete
Hong Kong's dilemma: antitrust immunity for liner agreements Opinions mixed on whether Hong Kong should adopt a Singapore-style block exemption
Lerwick Harbour gets new vessel monitoring system from Transas Entire project expected to be completed by May 2016
US ports to see slower container cargo volume growth in 2016 American export demand stays weak while US retailer inventories remain high
Port of Guam gets first major makeover since 1950s $50m ports improvement project completed on time and under budget
The dragon hits a rough patch China's inscrutable oil demand - and why it has everyone on edge
Something will give Shipping is always poised for a big change. This time it's for real
Leasing maestros or loose cannons? The rise of the Chinese leasing company, affiliated with powerful local banks, is changing ship finance
High and dry With the crisis in the dry bulk sector expected to reach its worst level yet in 2016, will shipowners be able to raise enough cash to survive?
Tanker owners keep their fingers crossed Owners hoping that oil demand will stick to strong growth trajectory, despite forecasts of slowing momentum
Paris climate talks go into overtime Final text to be presented on Saturday, shipping still excluded from latest version.
Container line merger will form world's fourth biggest operator Chinese government approves plans to combine Cosco and China Shipping Group.
Trafigura secures 1 million mt of bunker product Contract is for delivery at Nakhodka in the Russian Far East.
UK Supreme Court to consider substantive hearing on 'OW Bunker test case' Res Cogitans ruling has left multiple owners in danger of paying twice for fuel.
OW: Court ruling 'strengthens the position of physical supplier' UAE court in 'landmark ruling'.
Vitol fixes a third OBO tanker as clean product floating storage: sources Traders could prefer them to normal LR2s for floating storage due to cheaper rates.
LNG already 'outdated' fuel choice As the world begins to take up LNG, Norway declares it a conventional fossil fuel and calls for zero-emission ferries.
Bunker prices offer lifeline in deteriorating shipping markets Fuel costs have fallen well below company forecasts.
NYMEX RBOB rallies on short-covering, crude settles lower ICE Brent crude settles under $40/b for the first time in nearly seven years.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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