News

/News

Dry Bulk Market Looking in Good Shape Until the end of 2017

In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a tough couple of weeks for the dry bulk market, with the brakes having been applied by charterers once more and rates rolling back slightly as the market went silent in terms of fresh interest. We seemed to be on the verge [...]

By | November 24th, 2017|News|0 Comments

Asia Dry Bulk-Capesize rates may rise further on more cargo charters

Freight rates for large dry cargo ships on key Asian routes are set to climb further amid tightening vessel supply from increased chartering activity and shipment delays due to unfavourable weather in China, brokers said. Bad weather delays in China have disrupted future sailing schedules while recent charters have committed ships to load cargoes in [...]

By | November 24th, 2017|News|0 Comments

Sinking of offshore supply vessel SCI Ratna spells embarrassment for local shipyards, Govt

The sinking of SCI Ratna, an oil exploration support vessel owned by state-run Shipping Corporation of India Ltd (SCI), 96 nautical miles off the coast of Mumbai on Tuesday, comes as a huge embarrassment to the government, the fleet-owner and the shipyard that built the vessel. The sinking of the six-year-old ship is also bad [...]

By | November 24th, 2017|News|0 Comments

SCI ship sinks off coast, crew safe

An offshore supply vessel of the State-run Shipping Corporation of India (SCI) sunk off the Mumbai coast on Tuesday evening. “All the 16 crew members on board SCI Ratna have been rescued,” Director General of Shipping Malini Shankar said. The incident occurred around 7.30 p.m., she said. SCI chairman Captain Anoop Sharma confirmed the incident. [...]

By | November 23rd, 2017|News|0 Comments

Dry Bulk FFA: Capesize In Bullish Phase

In a market range, but technically bullish. Upside moves that make fresh market highs will create a bearish divergence and market buyers should remain cautious on bullish breakouts because of this. • Dec – The fresh market high has put the Dec futures in bullish territory. However we are now seeing a bearish divergence in [...]

By | November 23rd, 2017|News|0 Comments

Improving hull performance through IoT

There are many ways to reduce fuel usage and carbon emission. From the conventional way of hull cleaning and propeller polishing, to design modifications and renewable/alternate sources of energy, the industry is constantly evolving to achieve results. The question is: How can we prove real economic value? Industrial Internet of Things As smart cars trail [...]

By | November 23rd, 2017|News|0 Comments

All 11 crewmembers of storm-stricken Russian vessel rescued near Turkey’s shore

The 11-member crew of a Russian vessel, the Nefterudovoz-29, that was hammered by a storm near Turkey’s port of Bartin, have been brought to the shore and are safe now, ex-Director of MBS-Shipping (the vessel’s operator) Konstantin Shcherbina told TASS. According to Shcherbina, back when he was the company’s director, he manned this vessel from [...]

By | November 23rd, 2017|News|0 Comments

Capesize Market to Rally Until at Least the First Quarter of 2018 Says Shipbroker

Despite a looming iron ore imports’ curb from China, shipbrokers like Cotzias Intermodal Shipping appear to be optimistic about the medium-term prospects of the Capesize market. In its latest report, the shipbroker did mention that “China consumes more than two-thirds of the global seaborne iron ore market and at the same time produces as much [...]

By | November 23rd, 2017|News|0 Comments

Ship Finance International Says Could Face Further Tanker Losses in Fourth Quarter

Ship Finance International Limited announced its preliminary financial results for the quarter ended September 30, 2017. Highlights • Declaration of third quarter dividend of $0.35 per share, the Company’s 55th consecutive quarterly dividend • Net income of $29 million and $150 million of total charter revenues during the third quarter • Continued diversification and renewal [...]

By | November 23rd, 2017|News|0 Comments

Milaha Launches Feeder Service Between Sri Lanka and Bangladesh

Doha, Qatar – Milaha, a Qatar-based maritime transport and logistics conglomerate, has announced the launch of a direct feeder service between Sri Lanka and Bangladesh. Colombo and Chittagong will be the 7th and 8th new ports of call for Milaha this year, and are part of the significant service expansion since the beginning of 2017. [...]

By | November 22nd, 2017|News|0 Comments

Login


Username
Create an Account!
Password
Forgot Password? (close)

Create an Account!


Username
Email
Password
Confirm Password
Want to Login? (close)

forgot password?


Username or Email
(close)