Category Archives: Shipmanagement

Union: Armed guards no substitute for on-board soldiers to fight pirates

Posted on November 8, 2011 by Editor

ARMED guards aboard ships in pirate infested waters off the Horn of Africa, will not substitute for naval protection, according to the International Transport Workers’ Federation (ITF), reports London’s Tanker Operator. ARMED guards aboard ships in pirate infested waters off … Continue reading →

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Shanghai to Offer Incentives to Shipping-Related Industries

Posted on November 8, 2011 by Editor

 As a city striving to become an international shipping center, Shanghai is brewing a complete package of favorable policies for its shipping-related industries. The new policies are hoped to significantly bring down shipping companies’ tax liabilities to levels similar to … Continue reading →

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Shipping Corporation of India Receives New Supramax Bulk Carrier

Posted on November 6, 2011 by Editor

The Shipping Corporation of India (SCI) accepted delivery of a Supramax bulk carrier, m.v. Vishva Prerna, on November 1, Exim News Service reports. The vessel has gross tonnage of 33,185 tonnes and deadweight of 57,161 tonnes. It has been classed … Continue reading →

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Ship Value: New Container Ships Fall 31% in Value as Rents, Economies Cool

Posted on November 6, 2011 by Editor

New container ships’ value dropped as much as 31 percent since April because of falling hire costs and cooling economies, according to Seasure Shipping Ltd.Post-panamax vessels that are too large to navigate the Panama Canal are worth $73.2 million, below … Continue reading →

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Tanker market volatility more obvious than ever

Posted on November 1, 2011 by Editor

Tanker owners are having to withstand significant challenges when planning out their chartering strategies, as evidenced by the major highs and lows that the markets can experience within a short period of time. The latest analysis from London-based Gibson points … Continue reading →

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Vessel operating costs expected to rise

Posted on November 1, 2011 by Editor

Tuesday, 01 November 2011 01:00 Vessel operating costs are expected to rise by 3.8% in 2011 and by 3.7% in 2012, with lube expenditure and crew costs identified as the categories most likely to produce the highest levels of increase, … Continue reading →

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