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International News

CaytransBBC introduces regular service to Venezuela and Trinidad

Mon, 14/11/2011 - 11:00

CaytransBBC, a service managed by Dan-Gulf shipping, introduces regular sailings of its break bulk vessels from the US Gulf to Venezuela and Trinidad & Tobago twice a month.

Portugal: IMO Authorizes EMSA to Operate LRIT Data Exchange

Mon, 14/11/2011 - 11:00

Operation of the International Data Exchange (IDE) for the Long Range Identification and Tracking of Ships (LRIT) has been successfully transferred to the European Maritime

Schat-Harding Develops IMO-Compliant Safety System

Mon, 14/11/2011 - 11:00

Leading lifeboat manufacturer and service provider Schat-Harding has completed all tests required by IMO to ensure that its SeaCure lifeboat release and retrieval systems

Pirates demand $8 mln for UAE vessel

Mon, 14/11/2011 - 11:00

Somali pirates have demanded a ransom payment of millions of dollars for the release of a UAE-owned vessel that they hijacked last year, Press TV reported.

Private navy to protect convoys

Mon, 14/11/2011 - 11:00

A private navy equipped with a fleet of patrol boats is scheduled to begin escorting ships through the Gulf of Aden early next year as private security forces take a growing role in the fight against piracy.

EU nearly banned Filipino seamen due to substandard maritime courses

Mon, 14/11/2011 - 11:00

Filipino seamen were nearly banned earlier this year from manning ships registered with European Union (EU) member-countries as a result of substandard maritime courses

“Safeguarding the planet” with a solar- and wind-powered oil tanker

Mon, 14/11/2011 - 11:00

Pay no attention to the 2 million barrels of fossilized dinosaurs inside this ship, en route to the cars that will incinerate them and spew them into the atmosphere.

Outsourcing ship supply for a happier, more productive crew

Mon, 14/11/2011 - 00:00

As fuel and raw material prices continue to rise and shipping prepares for another challenging year ahead, the need for shipowners to deliver optimum efficiency within their operations is greater than ever. Shipowners are increasingly evaluating

Shipping slump to deepen in 2012 –Citi

Mon, 14/11/2011 - 00:00

Prospects for dry shipping are set to remain poor for two to three years as the sector struggles with a glut of vessels, while crude tankers face more pain in 2012 as economic

Dry bulk freight rates likely to remain weak: ICICIdirect

Mon, 14/11/2011 - 00:00

``In the near term, dry bulk freight rates are expected to remain weak owing to expected weakness in rates of capesize vessels owing to lower demand due to high level

Oil for the Lamps of China a Quick Update

Mon, 14/11/2011 - 00:00

In the early days of oil transport kerosene, the revolutionary new form of lighting, found a rapidly expanding market for lamps in Asia. India and China were big importers and the kerosene

U.S. Goes Public with Support for Hired Guns Against Piracy

Mon, 14/11/2011 - 00:00

Somalia Report leaked the internal memo from Hillary Clinton directing all regional embassies to pitch the use of armed contractors on board ships. This is in line with and expands upon

Kenya’s Somali incursion cuts piracy costs in Indian Ocean

Mon, 14/11/2011 - 00:00

Kenya’s operation against Al Shabaab in Somalia has helped reduce ransom demands on captured ships as pirates seek to close deals before a battle between the militants and Kenyan forces at Kismayo.

Falling freight rates dragging down Zim

Mon, 14/11/2011 - 00:00

Israel Corporation will publish its financial report for the third quarter of 2011, which will include the results of its wholly-owned subsidiary Zim Integrated Shipping Services Ltd.

Great Eastern Shipping Company Limited : Q2 FY2012 Results

Mon, 14/11/2011 - 00:00

The net profit for the company was significantly affected by the Rupee depreciation during the quarter. The impact of the exchange difference for the quarter ended 30th Sep, 2011

Pakistan shipping corporation loses interest in $40m loan

Mon, 14/11/2011 - 00:00

Pakistan National Shipping Corporation (PNSC) has seemingly lost its interest in getting the $40m loan from Economic Cooperation Organisation (ECO) that they had applied for,

Analyst Says Container Line Mergers Likely

Mon, 14/11/2011 - 00:00

Further consolidation of container shipping lines is likely as carriers seek to cut costs, expand market share and bolster balance sheets, said Peter Stokes, senior analyst

“Environship” – from idea to reality

Mon, 14/11/2011 - 00:00

On the 18th of October, Norwegian ro-ro operator, Nor Lines, signed a contract ordering two liquefied natural gas-powered (LNG) vessels to be built by China’s Tsuji Heavy Industries.

Indian ship thwarts piracy attempt in Gulf of Aden, 26 pirates arrested

Sun, 13/11/2011 - 00:00

Indian Naval ship, INS Sukanya, thwarted a piracy attack in the Gulf of Aden and captured three boats of the pirates.A statement from the Defence PRO says the incident happened

Armed guards on ships could be an offence, says minister

Sun, 13/11/2011 - 00:00

Shipping firms which place private armed security guards on ships passing areas where pirates operate risk criminal prosecution, justice minister Ivo Opstelten said.