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Suggested actions that could be taken by owner/manager of vessels calling at Australian Ports to prevent detentions under PSC inspections.

The Australian Maritime Safety Authority (AMSA) has increased the number of Port State Control inspections and the number of detentions issued to ships calling on Australia. As there are a number of Liberian flagged ships which call on Australia, the number of detentions of Liberian vessels has increased accordingly. The AMSA is looking for pre-existing […]

By |July 28th, 2015|Latest News, Shipping News|0 Comments

IMarEST strengthens expansion into Asia-Pacific

The Institute of Marine Engineering, Science & Technology (IMarEST) has strengthened its expansion in the Asia-Pacific region by appointing David Kelly MCIM MIMarEST, currently Head of Marketing at IMarEST’s London headquarters, as Director of Asia-Pacific.

The new position, based in Singapore, will be taken up in August this year and has been created to support the […]

By |July 28th, 2015|Latest News, Shipping News|0 Comments

FPS gears up for free trade boom

The FPS Group member covering the Australian states of Victoria, New South Wales, South Australia and Tasmania – is gearing up for an expected boom in freight traffic to and from China, when the Australian Government ratifies the China Australia Free Trade Agreement (ChAFTA) signed between the two countries on 17th June.

Talks on the treaty […]

By |July 28th, 2015|Latest News, Shipping News|0 Comments

G6 Alliance announces Asia – Europe Schedule Update

Members of the G6 Alliance today announced the additional voiding of four Asia-Europe sailings in response to changes in market demand.

As the G6 Alliance continues to review its plan ahead, the void sailings are planned for the following services and weeks:

Loop 6 service in week 36 (westbound ETA Kaohsiung 03 September 2015). The westbound Kaohsiung […]

By |July 28th, 2015|Latest News, Shipping News|0 Comments

Avail Early Bird Discount , Register Now For “India Ship Management Summit 2015- Facing the Challenges in Ship Management, Manning & Training Industry”

The Shipping Tribune is pleased to announce “India Ship Management Summit 2015- Facing the Challenges in Ship Management, Manning & Training Industry” a one day Conference on 8th Oct 2015 at Holiday Inn, Andheri (East), Mumbai

It’s time to meet other colleagues and stakeholders from our industry. It’s time to meet and listen to the stalwarts not […]

By |July 27th, 2015|Latest News, Local News, Shipping News|0 Comments

Analysis: Rebound in dry bulk freight rates slows pace of tonnage recycling

Dry bulk vessel demolitions in the first half of 2015 nearly doubled year-on-year, but tonnage recycling is now losing its momentum as higher freight rates give shipowners an excuse to hold on to their vessels for a bit longer.

According to the latest data from Greece-based sale-and-purchase shipbroker Golden Destiny, the first half of 2015 saw […]

By |July 27th, 2015|Latest News, Shipping News|0 Comments

Front-haul Capesize freight rates soar to nine-month high

Front-haul Capesize rates in the Atlantic region soared over the past two weeks, driven by a stronger cargo count and thin tonnage in the basin, sources said.

The rally was due to a strong and sudden increase in coal cargo requirements to be moved from Bolivar to Rotterdam, lifting trans-Atlantic freight rates and impacting the front-haul […]

By |July 27th, 2015|Latest News, Shipping News|0 Comments

Bunker prices to continue descent next week, expert says

Oil prices steadied on Thursday after a weaker dollar helped offset the negative impact of rising U.S. stockpiles, which drove U.S. crude prices to near three-month lows.

Crude oil stocks in the U.S. rose unexpectedly 2.5 million barrels last week to above the five-year seasonal average, according to data from the Energy Information Administration (EIA), meanwhile […]

By |July 27th, 2015|Latest News, Shipping News|0 Comments

Global Shippers Forum frustrated not getting UN recognition it ‘deserves’

THE Global Shippers Forum (GSF), which includes the US National Industrial Transportation League and Freight Management Association of Canada (FMA), said it faces “continuing frustration” trying to win formal accreditation by the UN’s International Maritime Organisation (IMO).

“Accreditation to the IMO and other UN agencies will remain a key objective for us in 2015,” said GSF […]

By |July 27th, 2015|Latest News, Shipping News|0 Comments

OOCL’s Asia-Europe revenue falls 28pc as volume drops 12pc

HONG KONG’s Orient Overseas Container Line (OOCL) posted a 28 per cent decline in second quarter year-on-year revenue to US$291.5 million on the Asia Europe route as well as a 12 per cent fall in volume to 224,004 TEU.

First half volume was 3.4 per cent down year on year to 464,335 TEU, generating revenue of […]

By |July 27th, 2015|Latest News, Shipping News|0 Comments