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Ship Recycling

Shippers say scrap slow steaming, but owners fear excess capacity produced

THE fall in bunker prices to six-year lows is putting pressure on shipowners and operators to scrap fuel-saving “slow steaming”, a practice that took hold in 2007s.

But shipowners and operators are reluctant to comply because this would result in putting more tonnage on the market in a period of massive over supply and more mega-ships […]

By |August 27th, 2015|Latest News, Ship Recycling, Shipping News|0 Comments

Baltic Dry Index slips below 1000 points

The Baltic Dry Index, a gauge of global shipping rates often seen as a leading economic indicator, has slipped below 1,000 points, joining the downward journey of stocks, currencies and commodities worldwide.

On Friday, BDI, which tracks transport costs on international trade routes for dry bulk commodities such as coal and iron ore, fell to 994 […]

By |August 25th, 2015|Latest News, Local News, Ship Recycling|0 Comments

The Shipping Tribune Launches Mobile App

The Shipping Tribune is pleased to announce that Mobile App for Android users has been launched. The Shipping Tribune app for Android delivers the latest global Shipping & maritime news to keep you ahead of the curve. Access the most credible source for shipping news and information on the move with the Shipping Tribune App.

The […]

Ship-breaking—the looming signal

Concerns voiced over safety and environmental hazards associated with ship-breaking in Bangladesh are not new. The latest that has come is perhaps more strong-worded than ever. It has come from the Norwegian Ship Owners’ Association (NSA). At a recent convention held in Singapore, NSA advised its members not to allow recycling of their ships in […]

By |June 8th, 2015|Latest News, Ship Building, Ship Recycling|0 Comments

The Shipping Tribune Launches Mobile App

The Shipping Tribune is pleased to announce that Mobile App for Android users has been launched. The Shipping Tribune app for Android delivers the latest global Shipping & maritime news to keep you ahead of the curve. Access the most credible source for shipping news and information on the move with the Shipping Tribune App.

The […]

Bangladesh: Falling demand decreases imports of old ships for scrapping

Import of old ships for scrapping fell 20 per cent in July-April period of current financial year, due mainly to slow pace of public and private development work, officials and industry insiders said.

Local importers purchased old ships weighing 1.65 million tonnes in the current financial year (FY) against the import of 1.9 million tonnes in […]

By |June 2nd, 2015|Latest News, Ship Recycling|0 Comments

Asian shipowners call for more green recycling yards to cope scrappings

THE Asian Shipowners Forum (ASF) has called for the development of environmentally-friendly ship recycling yards in multiple countries to deal with global demand for ship demolition, which is forecast to remain high in the coming years.

In a position paper adopted at the 24th annual meeting of the ASF held in Jeju, South Korea, the organisation […]

By |May 26th, 2015|Latest News, Ship Recycling, Shipping News|0 Comments

Novorossiisk bunker fuel prices firm as storms disrupt deliveries

Bunker fuel oil loadings and deliveries have been disrupted due to stormy weather in Novorossiisk, traders said Friday.

“The last storm warning has been issued at 10:30 Novorossiisk time [0730 GMT] today,” the Port Authority of Novorossiisk said.

According to market players, bunker fuel oil prices soared Friday as a result of restricted availability due to the […]

Shipping schedule reliability improving, but plenty of room for improvement

Liner shipping service reliability across the three core East-West trades hit a five- month peak in March with an aggregate on-time performance of 64%, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

The latest result represents an 8.5 percentage point gain over February and is the second best […]

‘Make in India’ – the Newbuzzword in Indian Shipping Sector

The Prime Minister Narendra Modi’s ‘Make in India’ initiative offers a plethora of opportunities in the maritime sector, particularly in shipbuilding, with the Shipping Ministry projecting a quantum jump in the volume of cargo and passengers moved through water transport, says a report in the Hindu BusinesLine’
The government is aggressively promoting the adoption of ‘Make […]