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Conference Schedule- “India Ship Management Summit 2015”

The Shipping Tribune is pleased to announce the conference schedule for  “India Ship Management Summit 2015- Facing the Challenges in Ship Management, Manning & Training Industry” 8th Oct 2015 at Holiday Inn, Andheri (East), Mumbai.
“India Ship Management Summit 2015”
 October 08, 2015 at Holiday Inn, Andheri (E) Mumbai.
REGISTRATION 09:00-09:40 Hrs

0940-0945: Welcome address by Mrs. Irina Mishra, […]

By |October 6th, 2015|Latest News, Local News, Shipping News|0 Comments

WAF-Far East VLCC freight rates at 5-1/2 year high on strong demand, ullage

West African VLCC freight rates have risen to the highest level in 5-1/2 years, supported by charterer demand and ullage issues at Asian ports, sources said.

The WAF-Far East route, basis 260,000 mt, was assessed Worldscale 5 higher at w80 Friday.

That equated to $31.66/mt, the highest since $36.48/mt on January 21, 2010.

One driver of the rising […]

By |October 6th, 2015|Latest News, Shipping News|0 Comments

India: Gujarat pushes for inclusion of maritime cluster under Sagarmala project

The Gujarat government on Monday strongly advocated the inclusion of upcoming projects in the state like a maritime cluster, maritime university and a bunkering terminal under the ambitious Sagarmala project.

State finance minister Saurabh Patel put forward the proposal at the first meeting of the National Sagarmala Apex Committee in New Delhi on Monday that was […]

By |October 6th, 2015|Latest News, Local News, Shipping News|0 Comments

Long Range tanker rates on Mediterranean-Japan route at 4-3/4 year low

Freight rates on Mediterranean-Japan route, basis 55,000 mt, have fallen to a 4-3/4 year low, supporting arbitrage opportunities for charterers to move naphtha to the Far East from Europe, shipping and trading sources said Monday.

Freight rates on the Med-Japan route dropped $4.55 to $28.18/mt Friday, Platts data showed, which was the lowest since $27.73/mt on […]

By |October 6th, 2015|Latest News, Shipping News|0 Comments

ISIS attack on Libyan oil port repulsed by leading government claimant

ISLAMIC State (ISIS) forces attacked defenders of Libya’s main oil ports with small arms and an attempted car bombs, gaining ground from two rival claimants to government status, Reuters reports.

ISIS forces attacked guards at a gate near Es Sider port, which is under the control of the Council of Deputies, the faction with most international […]

By |October 6th, 2015|General News, Latest News, Port News|0 Comments

Moore Stephens Shipping Confidence Survey hits year’s high in August

CONFIDENCE levels in the industry rose to their highest level this year, at the end of August, according to the Shipping Confidence Survey from marine accountants Moore Stephens.

Respondents were mostly concerned about low freight rates and over-tonnaging, with continuing doubts also expressed about private equity funding.

In August 2015, the average confidence level expressed by respondents […]

By |October 6th, 2015|Latest News, Shipping News|0 Comments

European peak season fizzles, but US west coast enjoys record recovery

EUROPE’s peak season has not materialised and this is having a demoralising impact on the Asia-Europe container trades, Hackett Associates’ Ben Hackett told Lloyd’s Loading List.

“I see the European trade from a very pessimistic point of view,” said Mr Hackett. “The only bright sign is the transpacific trade where the US economy is growing nicely […]

By |October 6th, 2015|Latest News, Port News|0 Comments

Thermal coal prices close to rock bottom: Citi analysts

Thermal coal prices are close to rock bottom as coal producers have squeezed almost all of the gains from increased productivity, lower fuel prices and weaker currencies, and prices are set to stabilize in 2016, said commodity analysts at investment bank Citi in a client conference call Monday.

In a wide-ranging discussion on a range of […]

By |October 6th, 2015|Latest News, Local News|0 Comments

Price Volatility hampers Steel trade in India: MEPS

Price volatility has hampered trading in India, according to MEPS. Domestic steelmakers have continued to press the government to give locally manufactured primary steel products extra protection from third country suppliers.

The outlook for the Brazilian steel market remains precarious. Distributors are booking for only immediate requirements due to continuing price fluctuations and weak economic fundamentals,MEPS […]

By |October 6th, 2015|General News, Latest News, Local News|0 Comments

Caution: More Commodity Price Weakness Ahead

It’s hard not to notice that commodity prices have been plummeting. It seems the price of everything that is grown or pulled out of the ground — from oil and gas to sugar and copper — has declined 46 percent since early 2011, causing bankruptcies and industry consolidation.

Prepare for further big declines.

Directly or indirectly, developed […]

By |October 6th, 2015|General News, Latest News|0 Comments