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GST paves way for one window clearance in logistics sector

Mumbai, 08th November 2017: With technology push in a right way by the NDA government, leveraging technology to set up logistics industry on the lines of Aadhar and linking it to goods and services tax (GST) network database has become a need of the hour to reduce complexities and prevent fraudulent cases. It becomes an [...]

By | November 8th, 2017|Uncategorized|0 Comments

Pakistan National Shipping Corporation inducts two tankers

Pakistan National Shipping Corporation (PNSC) is inducting two Aframax-category tankers and will soon be commencing a coastal ferry service between Karachi and Port Qasim, and Karachi and Gwadar. This was stated by PNSC Chairman Arif Elahi in a recent meeting with Director General of Defence Purchase (DGDP) Major General Naveed Ahmed. They met in the [...]

By | November 8th, 2017|News|0 Comments

Istanbul bunker fuel prices buoyed by supply constraints elsewhere

Fuel oil bunkering operations in Istanbul have tightened and prices firmed as delays in Piraeus and Novorossiisk has seen more business move to the Turkish port, sources said Tuesday. Activity in the Bosporus has been high since last week and continued to be so. “Barge availabilities are very tight for the next few days to [...]

By | November 8th, 2017|News|0 Comments

Container shipping: testing the strength of the market makes spot rates drop

Demand: What have we learnt from the most recent peak season? Volumes on all trades grew at healthy levels in line with our full year forecast for global container demand growth rate being at the same level as global GDP growth. BIMCO anticipates that the global trade-to-GDP multiplier for total container shipping demand in 2017 [...]

By | November 8th, 2017|News|0 Comments

Dry Bulk FFA: Supramax Index – The technical remains bullish and is starting to look oversold

Supramax Index Weekly Support – 10,740, 10,045, 9,081 Resistance – 11,891, 12,643, 13,594 As noted on the last report the Supramax index was starting to look over extended and a corrective wave was due. We have now seen 9 consecutive down days as the stochastic enters oversold territory. Not a buy signal, based on previous [...]

By | November 8th, 2017|News|0 Comments

World Innovation: CMA CGM is the first shipping company to choose liquefied natural gas for its biggest ships

On the occasion of the COP23 in Bonn (Germany), the CMA CGM Group, a world leader in maritime transport, is pleased to announce its decision to equip its 9 future ships of 22,000 TEUs (Twenty-foot Equivalent Unit), delivered in 2020, with engines using liquefied natural gas. CMA CGM is becoming the first shipping company in [...]

By | November 8th, 2017|News|0 Comments

Seanergy Maritime Holdings Corp. Says Capesize Rates on its Vessels Increased by 149% to $11,678 on an Annual Basis

Seanergy Maritime Holdings Corp. announced its financial results for the third quarter and nine months of 2017. For the quarter ended September 30, 2017, the Company generated net revenues of $18.9 million, a 119% increase compared to the third quarter of 2016. For the nine month period ended September 30, 2017, net revenues were equal [...]

By | November 8th, 2017|News|0 Comments

Monjasa Swoops for SKS D-Class as Floating Storage

Danish bunker and tanker group, Monjasa, agrees terms for 2010-built D-Class Product Tanker from SKS Tankers Holding. The 119,000-dwt tanker will form part of Monjasa’s operations covering the West African continent, comprising 15 tankers delivering a total of 1.5 million tonnes of marine fuel yearly. Several advanced technical features and the ability to load, discharge [...]

By | November 7th, 2017|News|0 Comments

Dry Bulk Shipping: take good care of the recovery says BIMCO

Demand: Even without much support from Brazilian iron ore exports during August, capesize rates went from $10,000 to $17,000 per day. In September, those gains were retained until Chinese Golden Week in early October reduced trip chartering interest, dampened demand and lowered the freight rates. Not dramatically, but noticeably. Capesize ships have (as of 26 [...]

By | November 7th, 2017|News|0 Comments

Ship’s visit ‘expected to boost’ Qatar-India maritime relations

The visit of Qatar by Indian Coast Guard Ship (ICGS) Samarth is expected to boost maritime relations with Qatar and other friendly countries in the Arab region, Indian ambassador P Kumaran has said. The envoy said this while addressing visitors from the Indian community, defence attaches of some of the foreign missions in Qatar and [...]

By | November 7th, 2017|News|0 Comments

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