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India Maritime Summit 2016 Receives Huge Response

The Shipping Tribune is pleased to inform that India Maritime Summit , organised on 12th February 2016 at Mumbai ,received unprecedented response from the shipping and maritime industry. In spite of going through very challenging times, most of the esteemed speakers, stalwarts of the industry and participants expressed hope for better times. The august gathering […]

By |February 13th, 2016|Latest News, Local News, Port News, Shipping News|0 Comments

Adani Ports Q3 net profit jumps 26% to Rs645 crore

Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday reported a 26% jump in its consolidated net profit to Rs644.96 core for the quarter ended December 2015 on the back of increased income.

Total income from operations rose to Rs1,717.86 crore during the October-December quarter as against Rs1,548.45 crore during the corresponding quarter of the […]

By |February 13th, 2016|Latest News, Local News, Port News, Shipping News|0 Comments

Baltic index rises for the first time in 2016

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the first time this year on Friday, helped by higher rates for panamax vessels.

However, the dry bulk market is expected to remain under pressure as a gloomy outlook for global demand persists.

The overall index, which gauges the cost […]

By |February 13th, 2016|Latest News, Shipping News|0 Comments

DP World eyes opportunities in Indian ports, to invest $1 bn

DP World Pvt. Ltd, the world’s fourth biggest container port operator majority owned by the Dubai government, has plans to invest over $1 billion in India for augmenting its port-related operations.

DP World group chairman and chief executive officer Sultan Ahmed Bin Sulayem on Friday said the port firm will invest over $1 billion in brownfield […]

By |February 13th, 2016|Latest News, Local News, Port News, Shipping News|0 Comments

The Shipping Industry Is Suffering From China’s Trade Slowdown

When business slows and owners of ships and offshore oil rigs need a place to store their unneeded vessels, Saravanan Krishna suddenly becomes one of the industry’s most popular executives. Krishna is the operation director of International Shipcare, a Malaysian company that mothballs ships and rigs, and these days he’s busy taking calls from beleaguered operators […]

By |February 13th, 2016|Latest News, Shipping News|0 Comments

Asia Fuel Oil-Supply-side inventories pressure fuel oil differentials

Singapore high sulphur fuel oil markets continued to face downward pressure from suppliers’ growing inventory levels despite muted trading on Friday that has persisted all week due to the Lunar New Year holidays, traders said.

Front-month time spreads of both 180cst and 380cst fuel oil slipped 25 cents each and closed at a discount of $3.50 […]

By |February 13th, 2016|Latest News, Shipping News|0 Comments

Australia’s cabotage undermining attacked at ILO

The Seafarers’ Group at the International Labour Organization (ILO) has strongly criticised the Conservative Australian Government ‘s role in undermining Australian workers in maritime cabotage trades during a meeting in Geneva this week.

The Seafarers’ Group represents workers in the maritime sector in ILO forums. It includes the ITF (International Transport Workers’ Federation) as well as […]

By |February 13th, 2016|Latest News, Shipping News|0 Comments

Global Forwarder, M.E. Dey, Adopts CargoSphere Frictionless Rate Networking

CargoSphere, the leading provider of frictionless rate networking and cloud-based global freight rate management, today announces that M.E. Dey & Co., Inc., a global freight forwarder and customs broker, has implemented the CargoSphere rate platform.  With Cargosphere, M.E. Dey has a single database of systematized freight rates which allows them to access their direct carrier […]

By |February 13th, 2016|Latest News, Shipping News|0 Comments

KPI Bridge Oil – Bunker & Lubricant Trader Jenny Kofiani Tomacoglu Relocates to KPI Bridge Oil Athens

KPI Bridge Oil, a leading global trader and broker in marine fuels, marine lubricants and risk management products, relocates Bunker & Lubricant Trader, Mrs Jenny Kofiani Tomacoglu to its Athens office.

Jenny who has enjoyed two successful years at KPI Bridge Oil Istanbul says of her relocation: “Being a Greek national and being offered the opportunity […]

By |February 13th, 2016|Latest News, Shipping News|0 Comments

More Cuts Loom for Oil Companies as Crude Prices Near $25

As crude prices slide toward $25 a barrel, many oil companies have little choice but to start making the steep cost cuts they have avoided up until now, jettisoning every well that can’t break even or isn’t needed to keep the lights on.

“Folks are coming to grips with the reality,” said Dennis Cassidy, managing director […]

By |February 13th, 2016|General News, Latest News|0 Comments