Hellenic Shipping News Worldwide, International Shipping News

RINA’s Paolo Salza joins CEOC board

Tue, 21 May 2013 10:00:34 GMT

Paolo Salza, Chief Technical Officer, RINA Services, has been appointed to the board of Directors of the International Confederation of Inspection and Certification Organisations (CEOC

RS participating in the development of V. Filanovsky field

Tue, 21 May 2013 10:00:33 GMT

On 15 May 2013, supporting blocks for the ice-resistant fixed platform (LSP1) were launched by the LOTOS Shipyard, JSC (Astrakhan Region),

KDB Concludes Not to Acquire STX Pan Ocean

Tue, 21 May 2013 10:00:32 GMT

After reviewing the feasibility of acquiring STX Pan Ocean, Korea Development Bank decided not to acquire the shipping company due to higher-than-

ClassNK: Public notification of amendments to Rules and Guidance

Tue, 21 May 2013 10:00:30 GMT

Classification society ClassNK’s Chairman and President Noboru Ueda, has announced the release of the latest versions

Cargotec: MacGregor wins multiple offshore winch orders

Tue, 21 May 2013 10:00:28 GMT

MacGregor offshore winches have been specified for 22 new anchor handling tug supply vessels (AHTSVs) under construction at three Chinese

Slow steaming to escalate

Tue, 21 May 2013 00:00:25 GMT

The freight rate war currently taking place between Asia and Europe, and between Asia and the US, and the further addition of new ships, will force carriers to resort to more slow steaming. Although slow steaming continues to be a contentious issue with shippers, more is on the way as fuel prices remain stubbornly high and ocean carriers can no longer absorb the bill due to the

Baltic index down as rates for bigger vessels remain weak

Tue, 21 May 2013 00:00:23 GMT

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Monday, pulled down by

Middle East Crude Oil-Tanker Rates Slump as Ship Surplus Expands

Tue, 21 May 2013 00:00:22 GMT

Charter rates for the largest oil tankers hauling Middle East crude to Asia slumped for a fourth session as the surplus of available ships for

Clean transatlantic tanker rates hit by ship surplus

Tue, 21 May 2013 00:00:21 GMT

Clean tanker rates for refined petroleum products on top export routes were softer on Monday in slower trade with a build up of vessels putting more pressure on the transatlantic

Dry-Bulk Shipping Seen Rebounding as Fleet’s Growth Slows Down

Tue, 21 May 2013 00:00:20 GMT

Rates to transport dry-bulk commodities by sea will recover from unsustainable levels as fleet growth slows and demand advances on Asian

Cross-Med handysize freight rate hits seven-month low on weak demand

Tue, 21 May 2013 00:00:19 GMT

The cross-Mediterranean dirty freight rate for 30,000 mt cargoes fell to its lowest in over seven months, as weak demand

Wilbur Ross Plans Ship Investments With 2014 Recovery in Sight

Tue, 21 May 2013 00:00:18 GMT

Wilbur Ross, the billionaire founder of WL Ross & Co., said he intends to add to his shipping investments as slowing growth of the merchant

Mercator: shipping business drags down numbers

Tue, 21 May 2013 00:00:16 GMT

The miserable performance of the shipping business and interest costs took a toll on the March quarter financial performance of Mercator

DIS Announces the sale of the MR vessels High Spirit and High Challege

Tue, 21 May 2013 00:00:15 GMT

d'Amico International Shipping S.A. (Borsa Italiana: DIS), a leading international marine transportation company operating in the product

Gibdock sets seismic trend

Tue, 21 May 2013 00:00:13 GMT

Gibdock has completed a refit of the seismic vessel WG Cook for WesternGeco, reflecting the yard’s growing ability to attract return customers in the specialised

ISS warns of increase in Australian Carbon Tax

Tue, 21 May 2013 00:00:12 GMT

Maritime services provider Inchcape Shipping Services (ISS) has warned of an increase in Australian Carbon Tax on vessels from 1st July 2013. Bunker duty and

BSL Announces International Shipping Services from USA to Shanghai

Tue, 21 May 2013 00:00:00 GMT

Bluesea Shipping Lines provides proficient shipping services to Shanghai from USA. Shanghai is the most

The offshore sector has "got legs"

Tue, 21 May 2013 00:00:00 GMT

In early May, people from all facets of the energy services business descend on Houston for the Offshore

Bahri Recognized as One of the Top Arab Companies

Tue, 21 May 2013 00:00:00 GMT

The National Shipping Company of Saudi Arabia (Bahri) is awarded as one of the top companies in the Arab

Nippon Yusen Soars as LPG Rates Rise Most on Record

Tue, 21 May 2013 00:00:00 GMT

Nippon Yusen K.K. (9101), the world’s largest publicly traded operator of liquefied petroleum gas ships, surged

Commerzbank to Buy Ships From Debtors in Restructuring Effort

Mon, 20 May 2013 16:30:15 GMT

Commerzbank AG (CBK), Germany’s second-biggest bank, plans to buy and run ships from its borrowers as part of an effort to restructure its

MARPOL Annex V amendments re bulk cargo wash water discharge at sea

Mon, 20 May 2013 16:30:14 GMT

The discharge of non-recoverable cargo or cleaning agents contained in hold wash water is

GE Shipping contracts to sell a Handymax dry bulk carrier "Jag Ravi"

Mon, 20 May 2013 13:30:18 GMT

The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell "Jag Ravi", a Handymax dry bulk carrier. The 1997 built

India: Steel firms can charter ships directly for imports now

Mon, 20 May 2013 13:30:17 GMT

The Cabinet approved the proposal to allow Steel Authority of India (SAIL) and Rashtriya Ispat Nigam Limited (RINL) to undertake direct

Shipping investment focuses on gas

Mon, 20 May 2013 10:00:40 GMT

Gas carriers cornered the largest chunk of global shipping investment last year since 2005, just as the profits to be made from shipping liquefied natural gas are falling to

Containers have been more important for globalisation than freer trade

Mon, 20 May 2013 10:00:38 GMT

The humble shipping container is a powerful antidote to economic pessimism and fears of slowing innovation.

Norden Extends Harris CapRock Agreement to Add VSAT Communications Services to Global Fleet

Mon, 20 May 2013 10:00:37 GMT

Norden A/S, an independent shipping company headquartered in Copenhagen, Denmark, has

Wan Hai Lines posts net profit following refocus

Mon, 20 May 2013 10:00:36 GMT

Wan Hai Lines Ltd was the only listed container shipping company in Taiwan to post a net profit in the first quarter of this year on the back of its focus on regional routes

Panama Canal expansion will change shipping industry

Mon, 20 May 2013 10:00:35 GMT

The expansion of the Panama Canal will allow higher capacity cargo ships from Asia to travel through the channels, Progressive Railroading

New requirements for P/V valves on Chemical Tanker(MSC.1/Circ.1324)

Mon, 20 May 2013 10:00:34 GMT

The amendments to MSC/Circ. 677 started applying retroactively to existing ships as from 1 January 2013. This was addressed in our

Maritime Authority Targets Japan, Korea

Mon, 20 May 2013 10:00:33 GMT

The Bahamas Maritime Authority (BMA) is aiming to add ‘quality’ to this nation’s shipping registry, its chairman telling this newspaper that coming off a “well

Exploit Ship Registry To Build Captive Presence

Mon, 20 May 2013 10:00:32 GMT

The Bahamas must exploit its huge ship registry in trying to establish itself as an international insurance player, a senior industry executive revealing

Dry Bulk Shipowners, Cargo Interests and the Environment to Benefit from IMO Decision on Reception Facilities

Mon, 20 May 2013 00:00:24 GMT

Shipowners pleas for greater clarity on what to do when there are no adequate port reception facilities to receive residues including Hold Washing Water (HWW) from cargoes deemed “Harmful to the Marine Environment” (HME), have been substantially answered after an important decision at the IMO Marine Environment Protection Committee held on 13-17 May. With effect from 1

Demolition: Check Out Our Make or Break Scenario

Mon, 20 May 2013 00:00:23 GMT

In recessions shipping sentiment can sometimes have a slightly schizophrenic feel. The more demolition mantra crops up again and again at conferences, which is fair enough. But it makes a strange bedfellow for the buy low sell high brigade who are desperately searching for cheap ships. Ultimately these philosophies collide at the bottom of the market

U.S. Diesel Cargoes to Europe Seen Declining in Broker Survey

Mon, 20 May 2013 00:00:19 GMT

Shipments of diesel to Europe from the U.S. Gulf Coast are poised to decline over the next two weeks, a Bloomberg News survey

Maersk seeks to double shipping rates in fragile market

Mon, 20 May 2013 00:00:17 GMT

A.P. Moller-Maersk , owner of the world's biggest container shipping company, is "100 percent certain" it can more than double freight rates

China’s April manufacturing eases, but 3 drivers may support dry bulks

Mon, 20 May 2013 00:00:15 GMT

As the largest importer of raw material in the world, manufacturing activity in China is one of the most significant key drivers

Lauritzen Q1: 25.6m dollar in red

Mon, 20 May 2013 00:00:14 GMT

The net result of J. Lauritzen for the first quarter 2013 was a loss of 25.6m dollar, against a profit of 1.1m dollar in Q1 2012. EBITDA was 9.4m dollar for the first quarter

Could biofuels power the shipping industry?

Mon, 20 May 2013 00:00:13 GMT

These are the main findings of a broad-scale assessment into the potential of using biofuels as an alternative to oil or gas for shipping and the effects that

Floating LNG 'technology of the future'

Mon, 20 May 2013 00:00:00 GMT

The oil and gas giant recently shelved its $45 billion onshore gas processing plant at James Price Point deciding

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

Sun, 19 May 2013 00:00:22 GMT

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

Sun, 19 May 2013 00:00:21 GMT

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

Sun, 19 May 2013 00:00:20 GMT

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

Sun, 19 May 2013 00:00:19 GMT

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

Sun, 19 May 2013 00:00:18 GMT

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

Sun, 19 May 2013 00:00:16 GMT

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

Sun, 19 May 2013 00:00:14 GMT

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

Sun, 19 May 2013 00:00:13 GMT

“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

Sun, 19 May 2013 00:00:12 GMT

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

Sun, 19 May 2013 00:00:11 GMT

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