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Shipping

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...

TTS Marine wins electric winch systems order from Daewoo Shipbuilding

Shipbuilding News - Tue, 06/01/2009 - 02:00
Norwegian marine and offshore systems and equipment provider TTS Marine ASA said on Monday (5 January) that its German subsidiary...
Categories: Shipping

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...

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...

Cochin Shipyard completes project

Shipbuilding News - Mon, 05/01/2009 - 02:00
A project for conversion of a fishing vessel into a seismic survey vessel was successfully completed at the Cochin Shipyard...
Categories: Shipping

Korean shipbuilders facing tough times

Shipbuilding News - Mon, 05/01/2009 - 02:00
Korean shipbuilders are headed for a turbulent 2009 amid a sharp contraction in the global shipbuilding sector, with small firms...
Categories: Shipping

Dearth of fresh orders to hit shipyards

Shipbuilding News - Mon, 05/01/2009 - 02:00
Indian ship makers may maintain profit growth in 2009-10 but order flows will deteriorate further as shipping services firms, stung...
Categories: Shipping

South Korea shipyard confident in crisis

Shipbuilding News - Mon, 05/01/2009 - 02:00
To see how shipbuilders in Northeast Asia have rushed to expand in the past several years, visit Sungdong Shipbuilding...
Categories: Shipping

Gujarat to draw INR 10,000 crore in shipyard projects

Shipbuilding News - Mon, 05/01/2009 - 02:00
BS reported that Tebma, Dolphin, Afcons, Bharati, Assam aim to drop anchor on Gujarat shores. With Indian companies planning to...
Categories: Shipping

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...