Category Archives: Finance

Maresk Alabama – Master entered Pirate infested waters for financial gains- Maybe not a HERO after all

Posted on May 30, 2012 by Editor

Maersk Alabama Crew Sues Owner, Operator Peter T. Leach, Senior Editor | May 29, 2012 1:28PM GMT The Journal of Commerce Online – News Story     Former crewmembers file suit in Virginia and Alabama against Maersk Line Ltd. and … Continue reading →

Posted in Business, Chartering, Dry Cargo, Education & Training, Finance, General Blog, Piracy at Sea, Shipmanagement | Tagged , , | Leave a comment

Indian Property Market..is it headed for Hard Landing?

Posted on April 13, 2012 by Editor

By Himadri Mayank (Senior Manager, Research, Jones Lang LaSalle India)In 1959, Charles E Lindblom, the American political scientist, published a paper in the Public Administration Review – The Science of ‘Muddling Through’. In this, he contrasted what he called the … Continue reading →

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Corruption is reward one is not entitled to legally/morally – It is Parallel Revenue Generation System created by the Beneficiery

Posted on April 13, 2012 by Editor

Is Corruption Good or Bad? In some cases it may be a healthy catalyst for the Economy….. A college student has asked us if corruption is good or bad. The proposition he has been asked to consider is the following: … Continue reading →

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Latest Piracy Attempt………………. Ships Beware!

Posted on April 11, 2012 by Editor

Recent Activity On 09 April 12, a merchant vessel was approached by one skiff approximately 400nm east of Socotra Island, in position 12 14N 061 45E. This skiff was white in colour with five armed persons on board.  The merchant … Continue reading →

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Prestigious UAE Award for Port of Antwerp

Posted on April 5, 2012 by Editor

The prestigious award ‘WPTS World Ports Award’ has been given to the CEO of the Port of Antwerp, Eddy Bruyninckx. The award was given for his outstanding contribution in the fields of port organization, business development, sustainability as well as … Continue reading →

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Kerala High Court orders ship-owner to pay US $196,552 to the families of the victims

Posted on April 3, 2012 by Editor

On March 1, 2012 the Singapore flagged ship “Prabhu Daya” collided with a fishing boat off Kerala and killed five fishermen. Now India’s Kerala High Court has ordered the ship owner to pay US $ 49,138 to each family of … Continue reading →

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Nehru port in Mumbai reopens after the terms between government and protesters

Posted on April 3, 2012 by Editor

Jawaharlal Nehru port in Mumbai has reopened today after three days. Dockers and political activists had been picketing and blocking roads to get the proper compensation for the land deal near the port. India’s more than half container traffic is … Continue reading →

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Maersk Line is going to raise Europe-Asia backhaul rates US$300/TEU from May 1

Posted on April 1, 2012 by Editor

The world’s largest carrier Maersk Line has recently announced that it is going to increase the shipping rates of its northern Europe to Asia from 1st May, 2012. The increase will be US $400 per TEU. Earlier the shipping line … Continue reading →

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Departure permission for Italian oil tanker ‘Enrica Lexie’ stayed

Posted on March 31, 2012 by Editor

Kerala High Court ordered the Italian oil tanker Enrica Lexie to leave the Kochi port on March 29. But on March 30, a Kerala High Court Division Bench stayed the order. The relatives of the victims appealed against the order. … Continue reading →

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Wan Hai Lines is going to increase Asia-East India rates US$150/TEU in April

Posted on March 30, 2012 by Editor

Wan Hai Lines in Taiwan has recently declared that it is going to raise rates in services in the route from the Far East to India from 1st April 2012. Freight rate will be increased at US $150 per TEU … Continue reading →

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