Friday, 25 April 2014 | 04:05
SPONSORS
  • Home
  • Shipping News
  • Top Stories
View by:

US gets gassed up and ready to ship

27/02/2014
The potential of liquefied natural gas as marine fuel has the industry light-headed with anticipation, with experts only too ready to predict the percentage of vessels that could be LNG powered in 10, 20 or 30 years’ time. In fact progress to date has been rather more measured, with some early adoption in the ferry market thanks to financial incentives and interest from owners

Aegean Marine Petroleum Network Inc. Announces Fourth Quarter 2013 Financial Results

27/02/2014
Aegean Marine Petroleum Network Inc. announced financial and operating results for the fourth quarter ended December 31st, 2013.

Fourth Quarter Highlights and Full Year Highlights

    Recorded sales volumes of 2,384,376 metric tons in Q4

Dell acquires 9.8% share of StealthGas' capital

26/02/2014
StealthGas has attracted a new strong partner in the face of computer billionaire Michael Dell, founder of Dell, one of the leading computer manufacturers worldwide, known for its pioneering sales distribution channels. According to relative SEC filings, Dell was the private investor who participated in the recent private

Dry bulk carriers still the hottest "commodity" of the newbuilding market

26/02/2014
It seems that 2014 will be the "come back" year for the dry bulk market, after a gruelling period which followed the 2008 financial crisis. As a result, ship owners are "stocking" up in newbuildings and modern tonnage alike, a trend which has taken an urgency note as of late, given that asset prices are only going up in the coming months, unless something unexpected

N/S Supply/demand: Europe-Mid East-Indian Subcont

26/02/2014
India’s imports from Europe remained disappointing in 4Q13, leaving ocean carriers with exacerbated empty container equipment repositioning costs from the Middle East.

Eastbound
Cargo shipped from Europe to the Middle East and Indian

The Recast Brussels Regulation: Reinforcing The Arbitration Exception

26/02/2014
The Brussels Regulation governs the jurisdiction and enforcement of judgments in civil matters in the EU. The basic rule is that a defendant should be sued in the courts of the EU Member State in which it is domiciled. The jurisdictional rules of the Brussels Regulation are stated to apply to court proceedings only and not to arbitration. Conflicts of jurisdiction have, however,

Ultramaxes are the "weapon of choice" for dry bulk ship owners

25/02/2014
It's been a busy start in 2014, as the first month of the year was a rather active in terms of second hand vessel purchases and newbuilding ordering activity. According to data compiled by shipbroker Golden Destiny, ship owners invested in 133 new building orders, a number which was 280% higher than the same month of last year, when a mere 33 newbuilding dry bulk carriers

Mediterranean transhipment booms

25/02/2014
Virtually all large Mediterranean transhipment hub ports recorded double digit growth in 2013, well above regional and global growth levels. Once all full year data is collated, global container port traffic is likely to have grown by around 3.3% whilst that for the regions bordering the Mediterranean Sea will probably have grown by between 3 and 6%. Transhipment volumes at key

Major Commodities, Major Changes?

25/02/2014
The distribution of growth of combined iron ore, steam coal and coking coal imports in recent years has been heavily uneven. Between 2008 and 2013, global trade of these commodities grew on average by 7% p.a. Around 98% of this growth was accounted for by China (81%) and India (17%), while imports by most developed economies fell in this period.

Reaching Great Heights:

Dry bulk market to improve over the course of 2014, but oversupply still an issue says BIMCO's Chief Shipping Analyst

24/02/2014
As a gruelling first quarter edges closer to the end, dry bulk ship owners are looking at an improved second quarter demand, which, coupled with slow steaming and other cost saving measures, will lead to the market's rebound. Speaking with Hellenic Shipping News Worldwide in an exclusive interview, BIMCO's Chief Shipping Analyst, Mr. Peter Sand,

Oil demand from Asia should remain healthy over the course of 2014, in a positive sign for the tanker market

24/02/2014
A lot of ink has been shed over the past few months, regarding the latest surge in crude oil demand, which in turn led to an upswing of crude tanker rates. Among the major beneficiaries of the dramatic increase of US crude oil production has been the VLCC market, at least demand-wise. According to the latest weekly report from shipbroker Gibson, "this trend is

Feeling Hungry? Try Super Size Shipping

24/02/2014
In the movie Super Size Me, a film-maker investigated what would happen to him if he ate nothing but fast food for a month, consuming a ‘super-sized’ meal every time. A casual glance at industry headlines over recent years would reflect the fact that shipping is involved in its own super sizing experiment, with news of larger and larger ‘megaships’ hitting the water in many sectors.

Poten raises the question of accuracy in calculating tanker freight rates

22/02/2014
As the tanker market has grown in complexity over the course of the past few years, the question of whether the traditional methods of assessing rates is still valid. In a recent report, Poten & Partners noted that "the market landscape for crude oil and refined product trades has an inherent element of shifting sand, presenting an organization like the Baltic Exchange

N/S Supply/demand: Europe-Mid East-Indian Subcont

22/02/2014
India’s imports from Europe remained disappointing in 4Q13, leaving ocean carriers with exacerbated empty container equipment repositioning costs from the Middle East.

Eastbound

Cargo shipped from Europe to the Middle East and

Guidelines issued on the use of GUARDCON in West Africa

22/02/2014
Following a period of close consultation with the International Group of P&I Clubs concerning the practical application of the BIMCO Guidelines adopted in November 2013, a Special Circular has been published. The Guidelines serve as a "health warning" to those owners contemplating using the GUARDCON contract for the provision of guard services in the Gulf of Guinea.

Dry bulk market shows signs of life

21/02/2014
The dry bulk market has slowly started to emerge from the downfall it's been since the start of the year, as rates have began to pick up over the course of the past week, albeit at a rather slow pace. The Baltic Dry Index (BDI) ended yesterday slightly higher at 1,164 points, up by four points on the days, mainly as a result of the rise of the Supramax market, as all other segments

E/W Supply/demand: Asia-WCNA

21/02/2014
Ocean carriers enjoyed a rush of eastbound cargo in December and January due to the Chinese New Year holiday this year being earlier than usual, but now have to contend with the corresponding downturn.

Eastbound

North American imports from Asia only fell by 1.5% between

BIMCO: Light at end of tunnel for NYPE update

21/02/2014
After nearly two years of regular meetings in New York, Singapore and Copenhagen by a joint working group from BIMCO, ASBA and the SMF, work on developing a modern NYPE Time Charter is now drawing to a close. The revision of the shipping industry's most widely used standard time charter party has required some hard thinking by the members of the drafting team. At an

Tanker market recent upswing seen as temporary, despite an increase in ton-mile demand

20/02/2014
The major news for tanker owners over the past few months has been the unexpected increase in oil demand, as a result of heavier than usual winter weather, as has been noted in most the Northern Hemisphere (US in particular has been heavily hit by adverse weather conditions), as well as China. This led to a strong climb in demand in order for refineries to increase their much

Worldwide: Early Effects Of Indonesia's Ore Export Ban

20/02/2014
The unpredictable regulatory environment in the Indonesian mining sector is again surfacing as a major issue for domestic and international mining companies operating in Indonesia. Senior figures in Indonesia's minerals and energy ministry have recently indicated that metal ore and concentrate exports have ground to a halt since the imposition of the ban on ore shipments on
Previous 
... 6 7 8 9 10  ... 
Next 
SPONSORS