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Tanker industry avoiding crisis: For how long?

Top Story - Tue, 06/01/2009 - 02:00
It seems as if shipping is divided in two separate camps these days. On one side there is dry bulk...

Persian Gulf Tanker Rates May Drop as Owners Await Demand Boost

Top Story - Tue, 06/01/2009 - 02:00
The cost of delivering Middle East crude to Asia, the world’s busiest route for supertankers, may extend its steepest annual...

Dry bulk market shows signs of recovery

Top Story - Tue, 06/01/2009 - 02:00
THE dry bulk market slump is expected to continue into this quarter due to the uncertainties in demand of iron...

Ashdod Port operating normally

Ports News - Tue, 06/01/2009 - 02:00
Despite the Grad-Katyusha rocket attacks on the city of Ashdod no ship deviated or left the port. Port of Haifa:...
Categories: Ports

Hutchison may lose Ecuador port project - report

Ports News - Tue, 06/01/2009 - 02:00
Hutchison Port, the world's largest container terminal operator, could lose its HK$4 billion (US$513 million) Manta cargo port project in...
Categories: Ports

Maersk expands in US Gulf

International News - Tue, 06/01/2009 - 02:00
Maersk Line will be adding a fourth vessel and three ports of call to its weekly north-south Espreso service linking...

ZIM and MSC will Swap Slots on their Israel- Adriatic Strings

International News - Tue, 06/01/2009 - 02:00
MSC and ZIM agreed to swap slots on their Israel – Adriatic lines MSC’s Adriatic Service and ZIM's ADX Service....

Suez Canal to Keep Transit Fees Unchanged This Year

International News - Tue, 06/01/2009 - 02:00
The Suez Canal, the waterway that carried a 10th of global seaborne trade in 2007, will keep transit fees unchanged...

Caribbean Tankers, Little-Changed From Last Week, May Soon Fall

International News - Tue, 06/01/2009 - 02:00
The cost to transport crude oil from the Caribbean on Aframax tankers may fall after little change last week, amid...

Shipping Sector Seen Entering Rougher Waters

International News - Tue, 06/01/2009 - 02:00
Analysts said Malaysia's shipping sector will face a more difficult environment this year, as transport volumes shrink given the tight...

Tianjin Port cargo throughput up in 2008

Ports News - Mon, 05/01/2009 - 14:12
Tianjin Port, the largest in north China, handled 354 million tonnes - 8.5 million TEUs - in the past year,...
Categories: Ports

NMPT cargo handling up 3% in April-Dec

Ports News - Mon, 05/01/2009 - 14:11
New Mangalore Port Trust (NMPT) has witnessed a growth of 2.97 per cent in cargo handling in the first nine...
Categories: Ports

Gangavaram Port aims to handle 4 million tonne cargo

Ports News - Mon, 05/01/2009 - 09:47
BS reported that the Gangavaram port is aiming to handle about 4 million tonne of cargo by the end of...
Categories: Ports

2009: A puzzle for most analysts of the dry bulk market

Top Story - Mon, 05/01/2009 - 02:00
Last year proved to be a year of broken records, both positive and negative. With the freight market becoming increasingly...

Fitch: Global Steel Production & Pricing Under Pressure Through 1H'09

Top Story - Mon, 05/01/2009 - 02:00
According to Fitch Ratings' 2009 global steel outlook report issued today, Fitch expects the current sharp contraction in steel demand...

Tanker profits to be volatile this year

International News - Mon, 05/01/2009 - 02:00
Tanker owners in the region will this year rake in reasonably high profits from voyages made at lucrative routes from...

Dry bulk rates will stay 'very low'

International News - Mon, 05/01/2009 - 02:00
The cost of shipping commodities such as iron ore and coal will stay very low this quarter after...

2008, a year of mixed fortunes for shipping companies

International News - Mon, 05/01/2009 - 02:00
It was a year of mixed fortunes for Indian shipping companies. Starting off on a cheerful note in the beginning...

Iran: Funds to Expand Shipping Industry

International News - Mon, 05/01/2009 - 02:00
Shipping Organization (PSO) has allocated 2,000 billion rials ($200 million) worth of funds for building new ships and modernizing ports...

India: Maritime security plan aims to harmonise various agencies

International News - Mon, 05/01/2009 - 00:00
The country's new maritime security architecture in the pipeline after 26/11 includes both a coastal command (CC) and a maritime...