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Bunker fuels are about to get cleaner, but at what cost?

25/03/2013

The cost of bunkers is nowadays the driving force behind most ship owners' major decisions, with regulations bound to change in many parts of the world, imposing the burning of cleaner marine fuels an thus turning the shipping industry into one with a much lower environmental impact. According to the latest weekly report from shipbroker Gibson, bunker prices have fluctuated more than two fold in the las five years.
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Steel Products Trade: Disruptions and Drivers

25/03/2013

Trade in steel products now accounts for 20% of minor bulk trade, and has grown on average by 4% pa since 2000. Much of the recent growth has been intra-Asian, but globally trade has also been affected by economic problems. In 2012, seaborne trade in steel products was 281mt, up 52% compared to 2000, wi trade patterns having shifted over this period due to changes in steel output and demand.
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Competition heating up on Indias East Coast

25/03/2013

The Indian Governments plans to develop two new ports along the East Coast o f India have been greeted with a mixture of euphoria and dismay by the port industry. During his speech to Parliament on 28 Febru Indias Finance Minister indicated the establishment of two new ports in his proposed budget. The first wil be at Sagar in West Bengal, and the second in Andhra Pradesh. The two will add 100 million tonnes of capacity.
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25/03/2013

25/03/2013

Top shipping industry figures see LNG as bunker fuel of the future
LNG is the bunker fuel of the future, and is direction in which the shipping industry will head, participants in
25/03/2013

Baltic Dry Index Rises a Fourth Week on Sout American Grains

Rates to haul iron ore, coal and grains by sea rose fo week as the South American harvest boosted demand
25/03/2013

Big shipping lines remain upbeat on hopes of US turnaround

Poten and Partners: Curb Your Enthusiasm

The shipping industry has been working the conferen Hopes of a turnaround in the US economy have led big shipping in the New York metropolitan area this week, and som heavier hitters have not hesitated to offer strong opin lines to turn optimistic on their market prospects. the directi...
25/03/2013 25/03/2013

Shipping Woes May Weigh on European Banks

Can a ship float and be underwater at the same time? If it has been financed by a European bank, the answer may be yes.

Norden Changes Focus to Buying Bulk Carrier Vessel Glut

D/S Norden A/S (DNORD), Europes largest commodi shipping company, is changing its focus to buying dry
25/03/2013

25/03/2013

Saudi Aramco, STX to build shipyard in Ras Al-Khair

Saudi Arabian Oil Co. and STX Heavy Industries Co. of South Korea plan to build a $4 billion ship repair and fabrication

Nautilus Takes Delivery of Newbuilding Oil Sp Recovery Vessel "Sk Line 69"

Nautilus Marine Acquisition Corp. yesterday announce has taken delivery of the SK Line 69, to be
25/03/2013

25/03/2013

Ship-Scrubbing Order Boom for Alfa, Waertsilae on Rules

Alfa Laval AB (ALFA) and Waertsilae Oyj (WRT1V), two Nordic makers of machines that remove sulfur from ship
25/03/2013

Hogan Lovells advises APICORP and Tufton O on acquisition of five product tankers for $15

Hogan Lovells has advised the Arab Petroleum Invest Corporation (APICORP) and Tufton Oceanic in relation
25/03/2013

Bahri announces the sale of one of its general cargo vessels

The National Shipping Company of Saudi Arabia (Bahri) announces that in connection with the fleet replacement

Longer Routes Help Oil Tankers Mitigate Iran Sanctions

Oil tanker owners are cushioning the impact of Irania restrictions by shipping crude over greater

25/03/2013

25/03/2013

How much bigger can container ships get?

The world's cargo ships are getting big, really big. No surprise, perhaps, given the volume of goods produced

Egypt's Suez Canal records highest daily traff 2013

A record 68 vessels and container ships carrying 3.8 tonnes have passed through the Suez Canal waterwa
25/03/2013

25/03/2013

Syrian conflict turns Lebanon into transshipment hub

Before the conflict in Syria erupted in 2011, potatoes exported from the Bekaa Valley would travel by truck

Ras Tanura Oil-Tanker Capacity Seen Declinin in Latest Week

The combined carrying capacity of oil tankers calling Arabias Ras Tanura fell 13 percent in the week
25/03/2013

25/03/2013

'China Commodity imports decline in February as holiday lull sets in'

Chinas commodity imports continued to weaken in February after a mixed start in January. There were significant
25/03/2013

European steel demand to remain lower than crisis levels: Laxmi Mittal

Lakshmi N Mittal, chairman of the world's largest stee company ArcelorMittal was the chief guest at the con
25/03/2013

Atlantic Thermal Coal market could fare worse than Newcastle FOB: BofAML
With Australia, Colombia and Indonesia all ramping up thermal coal exports, the recent recovery in Chinas
25/03/2013

Crude Oil prices likely to gravitate back towar $111/bbl: Barclays

Barclays expects that crude oil prices are likely to gra back towards the magnetic $111/bbl mark once
25/03/2013

Iran faces oil losses as Asian buyers balk

Sanctions-battered Iran faces losing a big part of its oil export revenues as key Asian trading partners cut back
25/03/2013

Euro zone clamor drowned out Cypriot bank w

The island's 2008 entry to the euro zone was the first series of events which have led to a situation in
25/03/2013

China's growth powers world economy: vice premier

The development of China will provide more opportunities and stronger impetus for the world economy,

Does size matter? Cypriot bank sector proble overlooked

There was no official red flag that Cyprus's oversized sector posed a big risk to its economy until last