Category Archives: News

So What Has Gone Wrong With the Tanker Market?

Posted on October 25, 2011 by Editor

Tuesday, 25 October 2011 00:00 Figuring out the tanker spot market is a frustrating business. Although “fundamentals” analysis generally prevails in the end, the world where tankers trade is constantly producing surprises. Today, while Capesizes enjoy earnings over $30,000/day, despite … Continue reading →

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Inside shipping: The war we do not see

Posted on October 24, 2011 by Editor

Source: http://oldsaltshaker.blogspot.com/2011/10/inside-shipping-war-we-do-not-see.html OCTOBER 20, 2011 Inside shipping: The war we do not see It may seem that the hammering that shipping has been subjected to in the aftermath of the ongoing global economic cataclysm is the reason why many firms are … Continue reading →

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Container Ships in Over supply- Blomberg Report

Posted on October 23, 2011 by Editor

Maersk Shareholders Suffering With Overwhelming Container Supply By Christian Wienberg and Marianne Stigset – Oct 18, 2011 5:00 PM CT The container operations of Maersk, which carries 15.7 percent of the world’s container capacity, according to Alphaliner, lost $45 million … Continue reading →

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Shipowner Mothballing New Supertanker !!! FIRST TIME IN 30 YEARS…A SUPERTANKER IS DE-ACTIVATED BEFORE TRADING

Posted on October 22, 2011 by Editor

http://www.bloomberg.com/news/2011-09-23/new-supertanker-to-be-mothballed-before-getting-cargo-wilhelmsen-says.html shipowner will mothball a newly built supertanker for the first time since the 1980s as a glut of the ships erodes earnings to an unprofitable $1,000 a day. The tanker, capable of carrying 2 million barrels of crude, will … Continue reading →

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Rugby World Cup 2011 (RWC) – NZ

Posted on October 21, 2011 by matson

Rugby fever world over continues to rise as we approach World Cup Rugby finals between France and New Zealand on Sunday 9 pm NZ time. While it is expected to be a close match The Mighty All Blacks continue to … Continue reading →

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Inadequate newbuilding supervision leads to costly claim

Posted on October 21, 2011 by Editor

International Transport Intermediaries Club (ITIC) says a recently concluded claim brought against a newbuilding supervisor helps illustrate the level of diligence which might realistically be expected of such a specialist service provider.In the latest issue of its Claims Review, ITIC … Continue reading →

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INS Sukanya Thwarts Attack on Indian Merchant Vessel Desh Rakshak

Posted on October 21, 2011 by Editor

Posted on Oct 20th, 2011 A Navy vessel thwarted an attack on an Indian merchant vessel, MV Desh Rakshak, in the action undertaken by the Indian Navy in its ongoing operations to counter piracy in the Arabian Sea. The attack … Continue reading →

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Are you the Boss?? Then you’d better behave……………….

Posted on October 20, 2011 by Editor

Kicking the Bosses’ Ass Means Breaking the Bosses’ Law Here’s the anarchist newspaper Infoshop’s take on recent media reports: Tacoma and Seattle rank-and-file members of the International Longshore and Warehousem Union (ILWU) are showing us the way. Faced with arrogant … Continue reading →

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Shipping recruitment agencies and their realities – a view from India

Posted on October 20, 2011 by malq

  To quote:- The Respondents knew well that the DG Shipping is in very truth the statutory guardian of the Indian Shipping Industry, and guards jealously the standing of Indian seamen. To such an Officer an appeal invoking the larger … Continue reading →

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As world piracy hits a new high, more ships are escaping Somali pirates, says IMB report

Posted on October 19, 2011 by Editor

Wednesday, 19 October 2011 00:00 Piracy on the world’s seas has risen to record levels, with Somali pirates behind 56% of the 352 attacks reported this year, the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) revealed today in … Continue reading →

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