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India Shows Promise: Capt. Pappu Sastry,MD, Nepa Projects & Investments

Mr. Joshi Mathew, Managing Director, CTM International and Capt. Pappu Sastry, Managing Director, NEPA Projects and Investments recently spoke to Mr Virendra Mishra, CEO of The Shipping Tribune. The conversation was centred on the emerging opportunities in Asia and other issues pertaining to the shipping industry. Full interview can be viewed by clicking the following […]

By |July 7th, 2015|Interview, Latest News, Local News, Shipping News|0 Comments

India: Govt’s move to ease cabotage law on east coast could hurt Adani

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operating firm, has been snubbed by the shipping ministry while drafting a policy to ease a key law to allow foreign ships to carry cargo between local routes only on the eastern coast ports between Kolkata and Chennai.

The so-called cabotage law makes it […]

By |July 7th, 2015|Latest News, Local News, Shipping News|0 Comments

Dry bulk market crisis: An opportunity or threat?

The shipping industry is experiencing the biggest dry bulk market recession since the 1980s. The uncertain global economic outlook and the increased imbalance between supply and demand have lead to historical low freight rates .The downturn seems to continue until 2017 if a viable equilibrium is not achieved.

The recent measures in 2013 which promoted the […]

By |July 7th, 2015|Latest News, Shipping News|0 Comments

Weak demand keeps lid on Japan 380 CST bunker fuel premium over Singapore

The Japan 380 CST delivered bunker fuel differential over the Singapore 380 CST delivered bunker price at $24/mt Friday was still hovering at lower levels compared to a peak of $64.50/mt on April 8, due to weak spot demand, market sources said Monday.

Platts assessed Japan 380 CST delivered bunker fuel at $356.50/mt Friday and Singapore […]

By |July 7th, 2015|Latest News, Shipping News|0 Comments

ITF comment on Greek situation

Speaking on his return from Greece, where he has been meeting with ITF (International Transport Workers’ Federation)-affiliated trade unions including the Pan-Hellenic Seamen’s Federation (PNO), the ITF general secretary Steve Cotton, said: “I’ve visited Greece many times but I have never before witnessed the level of insecurity people have over the nation’s future.

“Workers and pensioners […]

By |July 7th, 2015|Latest News, Shipping News|0 Comments

MV Seaman Guard Ohio Crew to stand trial in India after 625 days in detention

The Mission to Seafarers has been informed by the crew of the Seaman Guard Ohio from India this week that they will not be released to leave, as they had eagerly anticipated. Instead, the Supreme Court Judge in Delhi has referred the case back to the Magistrate Court in Tuticorin, to go to full trial. […]

By |July 7th, 2015|Latest News, Shipping News|0 Comments

India: Petroleum product exports slip 6%

India’s petroleum product exports slipped in 2014-15, the first time in six years, as domestic demand for products such as lubricants rose sharply and the home market also became more attractive because of the deregulation of diesel prices. Weak global demand, which have impacted exports across most sectors, also played a role.

India exported a total […]

By |July 7th, 2015|Latest News, Local News, Shipping News|0 Comments

Port of Antwerp sets up “One Belt One Road” taskforce

“One Belt, One Road” is a Chinese development strategy launched at the end of 2013 that focuses on connectivity and cooperation among countries primarily in Eurasia. It has two main components, namely the land-based “Silk Road Economic Belt” and the ocean-going “Maritime Silk Road.” Antwerp has a potentially very important role to play in both […]

By |July 7th, 2015|Latest News, Port News|0 Comments

Iron Ore Reserves Seen Gaining by JPMorgan as BHP, Rio Drop

Iron ore stockpiles held at China’s ports are starting to recover as production increases and that probably means lower prices, according to JPMorgan Chase & Co.

The holdings rose 2.8 percent last week to 81.55 million metric tons, rebounding from the lowest since 2013 to post the first increase since April, according to Shanghai Steelhome Information […]

By |July 7th, 2015|General News, Latest News|0 Comments

Moody’s: Recovery in Dubai crude price provides some relief to upstream producers in Q2

Moody’s Investors Service says the recovery in the price of Dubai crude will provide some support to upstream oil companies, which have seen their margins contracting significantly over the past year.

“While oil prices remain weak, the recovery in the price of Dubai crude to $61.3 a barrel in the April to June quarter 2015 will […]

By |July 7th, 2015|General News, Latest News|0 Comments