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Baltic Index: How "low" is low?

Top Story - Mon, 01/12/2008 - 02:00
Dry bulk shipping stands between a rock and a hard place, with the rock being the continuous plunge of freight...

Aegean Marine Petroleum included among survivors of the shipping crash

Top Story - Mon, 01/12/2008 - 02:00
Choosing a difficult and niche market segment is always a risk, especially when an entrepreneur is competing with oil giants...

OPEC will cut production on December 9 targets $75 per barrel

Top Story - Mon, 01/12/2008 - 02:00
For once more OPEC’s members didn’t surprise world oil markets. The informal meeting of cartel’s members last weekend in Cairo,...

Chinese shipyards expect owners to re negotiate orders

Shipbuilding News - Mon, 01/12/2008 - 02:00
According to Mr Bao Zhangjing chief researcher of China Shipbuilding Economy Research Center, the shipbuilding market stagnation will continue into...
Categories: Shipping

India: Sluggish markets hit shipbuilding firms' fund-raising plans

Shipbuilding News - Mon, 01/12/2008 - 02:00
Two of India’s top shipbuilding companies, as well as a third that is constructing a new facility, may have to...
Categories: Shipping

Port of Gulfport keeps on rolling

Ports News - Mon, 01/12/2008 - 02:00
The Port of Gulfport has big plans for expansion, but even at its current size and with a slumping economy,...
Categories: Ports

Ship cargo volume slumping at West Coast ports

Ports News - Mon, 01/12/2008 - 02:00
Cargo volume at West Coast ports, after years of being dominant in U.S. maritime trade, is slumping, clearly the result...
Categories: Ports

Chinese Ports not to lower handling costs despite dip in volumes

Ports News - Mon, 01/12/2008 - 02:00
According to some major Chinese ports, though China's iron ore imports have decreased, for any single port, there is no...
Categories: Ports

Iron ore price negotiations - Freight collapse closes gap

Freight News - Mon, 01/12/2008 - 02:00
Platts reported that Australian iron ore is in danger of losing its price competitiveness against Brazilian ore as the freight...
Categories: Freight

Baltic Dry index drops for 6th month

International News - Mon, 01/12/2008 - 02:00
The Baltic Dry index, a measure of shipping costs for commodities, retreated for a sixth-consecutive month in November as slowing...

International Trade in Potential Jeopardy: Shipping continues it's Downward Plunge

International News - Mon, 01/12/2008 - 02:00
The Baltic Dry Index continues to lower as the demand for raw materials continues to drop to unseen levels....

Suez toll cut likely to tide over economic slowdown

International News - Mon, 01/12/2008 - 02:00
The Suez Canal might adjust its tolls for ships for 2009 in light of slower world economic growth and the...

Saudi, French Leaders Call For International Efforts To Protect Shipping

International News - Mon, 01/12/2008 - 02:00
French President Nicolas Sarkozy and Saudi King Abdullah on Saturday called for international efforts to protect shipping in the Gulf...

Legal Hurdles in West Slow Pursuit of Pirates

International News - Mon, 01/12/2008 - 02:00
Somali pirates firing automatic weapons and rocket-propelled grenades hijacked yet another ship in the Gulf of Aden on Friday, this...

China: Shipbuilding industry to see blue in three years

Shipbuilding News - Sun, 30/11/2008 - 02:00
After two or three years' blowout, the Chinese shipbuilding industry will face a real test in 2011-2012, and the situation...
Categories: Shipping

Sinopacific to reassure clients on ship orders

Shipbuilding News - Sun, 30/11/2008 - 02:00
Sinopacific Shipbuilding, one of China's biggest private shipbuilders, has convened an emergency meeting next week in Hamburg with its western...
Categories: Shipping

First call at Le Havre for CMA CGM VELA, 11 000 Teu containership

Ports News - Sun, 30/11/2008 - 02:00
The CMA CGM Group is pleased to announce that the newly-built CMA CGM VELA, an 11 000 TEU capacity containership,...
Categories: Ports

Qinhuangdao coal prices slide by 18% in a week

Freight News - Sun, 30/11/2008 - 02:00
Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest fall in the year in the past week,...
Categories: Freight

Qatar LNG Supplies to China Will Start September, Official Says

Freight News - Sun, 30/11/2008 - 02:00
Qatar will start supplying liquefied natural gas to China in September under a 25-year contract, said an official with China...
Categories: Freight

Steaming under the constellation of Piracy

Top Story - Sat, 29/11/2008 - 02:00
Piracy has occurred through the ages together with the presence of the first Ships. People along the coasts of the...