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Elektrans Global Group Announced As Platinum Sponsor

The Shipping Tribune is delighted to announce Elektrans Global Group as a Platinum Sponsor at the forthcoming “India Maritime Summit 2016- Emerging Opportunities In Indian Shipping & Port Sector” being held on 12th February 2016 at Holiday Inn, Mumbai.

About Elektrans Global Group

Daniel Chopra, after 14 years at sea, and a distinguished shipping career which saw […]

By |December 1st, 2015|Latest News, Local News, Port News, Shipping News|0 Comments

Singapore Dec ex-wharf 380 bunker fuel concludes at premiums of $1-$1.50/mt

Singapore ex-wharf 380 CST bunker fuel term contracts for December have been concluded at premiums of $1-$1.50/mt to the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments, trade sources said Monday.

This compares with November contracts which were concluded at between discounts of $1.25/mt and parity to MOPS 380 CST HSFO assessments.

Premiums or […]

By |December 1st, 2015|Latest News, Shipping News|0 Comments

Taiwan’s top three ocean liners see revenues plunge in Q3 dragged down by rates

TAIWAN’s top three shipping lines, Evergreen Marine, Yang Ming Marine Transport Corp. and Wan Hai Lines, experienced sharp declines in revenue in the third quarter after steady first and second quarters, pulled down by a sharp decline in average freight rates.

Evergreen achieved a profit of US$48 million in the first quarter, then lost $5 million […]

By |December 1st, 2015|Latest News, Shipping News|0 Comments

Bigger boxships not better with current market conditions: Maersk

THE assumption that a larger containership always results in lower operating costs is being challenged by the prevailing market dynamics, according to Maersk Line.

Speaking at a media briefing, global COO of Maersk Line, Soren Toft, was quoted as saying in a report by Seatrade Maritime News: “Previously the bigger the ship the lower the cost, […]

By |December 1st, 2015|Latest News, Shipping News|0 Comments

Caterpillar Marine Unveils Cat® C9.3 ACERT™ Power Solutions for the Commercial Marine Market

Caterpillar Marine is pleased to announce its release of the Cat® C9.3 ACERT™ Marine platform to the commercial market. The EPA Tier 3 compliant marine C9.3 ACERT is an excellent addition to the Cat Marine power range. The engines and generators are MCS approved commercial solutions available with optional alarm and protection systems supporting all […]

By |December 1st, 2015|Latest News, Shipping News|0 Comments

IRClass awards Shri Venkiteswaran Scholarships to Law Students of Mumbai University

Indian Register of Shipping (IRClass) has awarded scholarships in the field of law instituted in the memory of Late Shri Venkiteswaran, a legal luminary and internationally acclaimed stalwart in the field of Maritime law who was a Director on the Board of Indian Register of Shipping for more than a decade.

A total of 16 students […]

By |December 1st, 2015|Latest News, Local News, Shipping News|0 Comments

Asian imports of Iran oil plunge 8.5 pct in October

Asian imports of Iranian oil fell to the lowest level in two years in October, as Iran’s biggest crude buyers held off from increasing purchases following a landmark agreement on Tehran’s disputed nuclear programme in July. Imports by Iran’s four biggest buyers – China, India, Japan and South Korea – came to 803,674 barrels per […]

By |December 1st, 2015|General News, Latest News|0 Comments

Iron Ore Breaches $40 in Singapore as Rising Supply to Feed Glut

Most-active iron ore futures in Singapore sank below $40 a metric ton for the first time on concern that the economic slowdown in China will cut demand as supplies from the largest miners climb.

The SGX AsiaClear contract for January fell 2.7 percent to $39.67 a ton at 4:34 p.m. in Singapore, heading for the lowest […]

By |December 1st, 2015|General News, Latest News|0 Comments

2016 forecast to be another downbeat year for stainless steel

The outlook for the global stainless steel market is disappointing, as purchasing activity remains weak and transaction values continue to slide. The downward price trend encourages buyers to delay placing orders, in the belief they may get a better deal if they wait. This adds to the usual, seasonal pattern, whereby stockists and end-users reduce […]

By |December 1st, 2015|General News, Latest News|0 Comments

US crude oil prices remain weak ahead of OPEC meeting

Crude oil prices held at low levels in early trading in Asia on Tuesday as traders bet on continued high production from the Organization of the Petroleum Exporting Countries (OPEC) ahead of its meeting later this week.

US crude was trading at $41.68 per barrel at 0000 GMT on Tuesday, virtually flat from its last settlement […]

By |December 1st, 2015|General News, Latest News|0 Comments