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Baltic Index Has Biggest Weekly Drop in Six as Ship Demand Slows

19/05/2013
The Baltic Dry Index, a gauge of costs to transport minerals and grains by sea, had the biggest weekly drop in six weeks, as demand for the

Panamax coal freight rates to India pressured by oversupply of vessels

19/05/2013
Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India ended the week stable

Tanker Rates Fall a Third Day as Glut Offsets Increased Charters

19/05/2013
Rates for the largest oil tankers on the benchmark route fell for a third day on speculation too many ships competing for cargoes

LSFO bunker fuel prices in Hamburg up on tight supplies, refinery shutdown: sources

19/05/2013
Low sulfur bunker fuel oil prices have increased on a shortage of fuel spec availabilities after the closure of Shell's

IMO opens the door to reduce shipping emissions

19/05/2013
Today the member states of the International Maritime Organisation (IMO) agreed on a Resolution on technology cooperation, which was delaying the

LPG Ship Rates Head for Biggest-Ever Weekly Gain on U.S. Cargoes

19/05/2013
The cost of shipping liquefied petroleum gas headed for the biggest weekly gain on record as surging U.S. exports of the cooking

IMO unveils new PSSA exhibition display by Coracle

19/05/2013
IMO (the International Maritime Organisation) has unveiled a new, permanent exhibition display, which was designed and developed by learning

Maersk announces improved first quarter results

19/05/2013
“We have improved our performance in the past year and we are satisfied with our result for the first quarter," says Group CEO Nils S. Andersen.

Moller-Maersk CEO: No Need for New Capacity

19/05/2013
The chief executive of the world's largest container shipping company Moller-Maersk told CNBC that the company would not order any new ships this

BIMCO EEDI Calculator updated. Ro-Ro Cargo, Passenger ships, correction factor for General Cargo Ships

19/05/2013
IMO was yesterday approving amendments to MARPOL Annex VI, Chapter 4 on the inclusion of

Current positive data shows supply to grow below 7% in 2013

19/05/2013
In a highly commoditized industry like the shipping industry, capacity is an important metric that directly impacts companies’ top

Castrol Marine extends Cyltech 80 AW availability

18/05/2013
”We have responded to increasing demand from our customers for wider availability of our Cyltech 80 AW cylinder oil by expanding the supply

IMO 2013 themed award: ‘Sustainable Development’ awarded to Maersk Line

18/05/2013
A.P. Moller - Maersk won the IMO 2013 themed award: “Sustainable Development – IMO's contribution beyond

Rice broker fee snag sinks shippers' hearts

18/05/2013
Thai rice prospects are going from bad to worse, as shipments now face a new logistics challenge on top of the strong baht and high rice prices.

See upward movement in shipping stocks: Astromoneyguru

18/05/2013
As per Col Ajay CEO of astromoneyguru.com  17th day of May month is represented by planet known as Saturn

SDRL - Seadrill Limited closes the tender rig T15 transaction

18/05/2013
We refer to the press release dated May 7, 2013, which announced the transaction to sell the T-15 Tender

MOL Conducts Tabletop Drill Centers on Collision Involving Container Vessel in Osaka Bay

18/05/2013
Mitsui O.S.K. Lines, Ltd. Friday announced the completion of a tabletop drill done in cooperation with the 5th

Thoresen Thai widens losses in Q2

17/05/2013
Thoresen Thai Agencies (TTA) revealed wider losses in the second quarter of its 2013 fiscal year due mainly to continued environment of depressed

Giant ships use PH to ship iron ore to China

17/05/2013
Brazil’s Vale SA said it has increased access of its “Valemax” iron ore carriers to Asian ports and has even docked one of its ships in China where a ban

Shipping line for Chamber of Commerce

17/05/2013
The Ghana Chamber of Commerce and Industry (GCCI) has announced that it will soon introduce a shipping line that will help facilitate trade between
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