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Clock ticking on Fowey ship arrest

22/04/2014
A ship detained at Fowey for multiple safety and accommodation failings will face arrest at 17:00 BST today unless the owners pay the crew the wages they owe

Len Holder, Videotel Chairman

22/04/2014
It is with sadness and regret that we announce the passing of Len Holder, Videotel Chairman, who died April 21st after a short illness. Len dedicated his lifetime in the

ISS to support Petrobras expansion in Central America and the Caribbean

22/04/2014
Inchcape Shipping Services (ISS) has had its port agency and tanker husbandry services contract significantly

Marshall Islands: Celebrating 100 Million Gross Tons in the RMI Registry

22/04/2014
The Republic of the Marshall Islands (RMI) Registry surpassed 100 million gross tons (gt) in the first

Shippers Vapores, Hapag-Lloyd clear hurdle to merger deal

22/04/2014
A significant majority of shareholders in Chilean shipper Compania SudAmericana de Vapores lent their

Too early to say shipping's bad days are over: Ex-Shipping secretary

22/04/2014
Shipping companies globally have been struggling with oversupply of ships and little demand in

China Shipping Development scraps three bulkers

22/04/2014
China Shipping Development Co (CSDC) has sent three old dry bulk carriers to the scrapyard as part

CIL drops plans to enter shipping business

22/04/2014
State-run Coal India Ltd (CIL) has dropped its plan to enter the shipping business because of lack

Pertamina to have two more oil tankers

22/04/2014
State-owned oil company Pertamina will have two more oil tankers now being under a final construction

E/W Supply/demand: Med-North America

22/04/2014
After recording a 10% full-year growth in westbound volume 2013 over the year before, the early signals for 2014 show continued growth, as Mediterranean exporters continue to reap the harvest of a recovering US economy.

Westbound
Volumes on the westbound trade between the Med and

Building a shipping brand

22/04/2014
Over 100,000 merchant vessels carry 90% of the world's trade, yet the shipping sector rarely gets good press. In fact, it rarely gets any press, unless something goes terribly wrong. The industry bemoans this negative coverage, but rarely does anything about it – collectively or as individual companies. Since the global financial crisis struck, there has been little positive

Shipping firms turn to equity markets as sector eyes recovery

22/04/2014
Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns

Shipping Banks Face Increased Refinance Risk, Deutsche Bank Says

22/04/2014
Shipping banks need to refinance about $35 billion euros in loans in the next two years amid the container industry’s prolonged

Sakhalin Energy and Sovcomflot extend cooperation

22/04/2014
At an official ceremony in Moscow, Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) and Sovcomflot Shelf (SCF Shelf) on

RS at Sea Japan 2014

22/04/2014
Russian Maritime Register of Shipping (RS) is the only Russian company to take part in SEA JAPAN 2014

LeBlanc joins the Heinen & Hopman Group

22/04/2014
Heinen & Hopman Engineering in the Netherlands has announced a merger with LeBlanc & Associates, LLC. 

The Orderbook: Covering The Basics

18/04/2014
Between the start of October 2008 and start of April 2013 the global orderbook declined 55% in CGT terms. Following this, the orderbook has grown 12% to 5,086 vessels of 108.0m CGT, as of 1st April 2014. This month’s Shipbuilding Focus looks at the size of the global orderbook and what this means for yards.

What’s on the Book?

Shipping and directed sales: the end (almost)

18/04/2014
In the current economic climate, many mortgagees have considered the possibility of court sales of mortgaged ships. A court sale in a recognised admiralty jurisdiction results in title to the ship passing to the buyer free of all claims, liens and encumbrances, accruing up to the date of the court sale. Favourable jurisdictions for ship mortgage enforcement include

Cross-Mediterranean clean freight rates at 5-month low on ample tonnage

18/04/2014
Cross-Mediterranean clean tanker freight rates on a 30,000 mt basis were assessed by Platts at a five-month low of

Shipping Issues Arising Out Of The Ukraine Crisis

18/04/2014
The situation in Ukraine remains fluid and, with events moving quickly, very little is certain. Attention is focused on the Crimea with rumours in early March of Russian
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