Category Archives: Shipmanagement

Economy to deteriorate, say 1,119 economists surveyed in 119 countries

Posted on November 25, 2011 by Editor

WORLD economic trends, particularly in the Europe, point to a recessionary slide in coming months, according a survey of 1,119 economic specialists from business and academic institutions in 119 countries conducted by the International Chamber of Commerce and Munich’s Institute … Continue reading →

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Piracy; Costs More Than Just a Ransom

Posted on November 21, 2011 by Editor

“At the moment of the attack there were 78 people onboard and 1 million barrels of crude oil. I cannot imagine what could have happened if we did not surrender to the pirates. Human lives endangered and disastrous pollution; they … Continue reading →

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Softlink emerging as top company in India, Nasscom rated

Posted on November 17, 2011 by Editor

dstnews Mumbai : Softlink, a global technology company focused on logistics and supply chain, was rated by Nasscom as one of India’s top emerging companies. NASSCOM is the premier trade body in India of the IT-BPO industries. This prestigious honor … Continue reading →

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Shipping Corporation of India Takes Delivery of AHTS Vessel SCI Pawan

Posted on November 17, 2011 by Editor

Cochin Shipyard Limited​ delivered a 120T Bollard pull Anchor Handling Tug Supply Vessel (AHTS), “SCI Pawan”, bearing the Hull No. BY-77, to M/s. Shipping Corporation of India​, Mumbai (SCI). This is the first of the new series of 4 Nos … Continue reading →

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India: Shipping companies hit hard by high interest rates

Posted on November 17, 2011 by Editor

Shipping companies have reported a poor second quarter on the back of a drastic fall in charter rates and high interest charges and bunker cost. While leading private players – Great Eastern Shipping Company (GE Shipping) and Mercator Lines, net … Continue reading →

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Oil headed for the longest run of weekly gains since April 2009

Posted on November 15, 2011 by Editor

By Grant Smith Oil headed for the longest run of weekly gains since April 2009, on speculation that signs of U.S. economic growth and Europe’s steps to contain its debt crisis will support fuel demand. Crude climbed as much as … Continue reading →

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Oil Riches Pile on China Doorstep as Clashes Delay Drilling

Posted on November 15, 2011 by Editor

Nov. 11 (Bloomberg) — To China, the world’s biggest energy consumer, another Saudi Arabia of oil may lie beneath the ocean to its south. Escalating regional tensions mean large-scale drilling may be slipping further into the future. The South China … Continue reading →

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Box carriers’ on-time arrival rates improve to 63pc, up from Q2

Posted on November 14, 2011 by Editor

DENMARK’s Maersk Line has been named the world’s most on-time carrier among the top carriers as 63 per cent of the world’s containerships were found to have arrived on time in the third quarter, according to Drewry Maritime Research’s latest … Continue reading →

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ArcelorMittal set to exceed Liberia 2011 iron ore

Posted on November 13, 2011 by Editor

ArcelorMittal, the world’s top steel maker, is on track to produce between 1.2 million and 1.3 million tonnes of iron ore from its Liberia mine in 2011, exceeding a 1-million-tonne target, and does not expect a decline in prices to … Continue reading →

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India: Global Offshore to buy 3 more ships; to invest Rs 750 cr

Posted on November 13, 2011 by Editor

The Mumbai-based Global Offshore Services plans to acquire three new vessels to take advantage of the expected buoyancy in demand for offshore oilfield services. Order for one of them, costing around $50 million, is expected to be placed in the … Continue reading →

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