Pirate bosses face justice

Posted on November 25, 2011 by Editor

Next week, a court in the US is due to begin hearing the case against an alleged Somali pirate leader who, if found guilty, faces spending the rest of his life in prison.Mohammad Saaili Shibin is accused of piracy and … 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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Maersk May Benefit as Overcapacity Hits Rivals

Posted on November 17, 2011 by Editor

A.P. Moeller-Maersk A/S, owner of the world’s largest container line, is prepared to outlast rivals as the industry faces four years of overcapacity. “We are actually quite well positioned for a longer stretch of tough competition,” Nils Smedegaard Andersen, chief … Continue reading →

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SCI to postpone chunk of scheduled vessel orders to 12th plan

Posted on November 17, 2011 by Editor

State-owned Shipping Corporation of India (SCI) will not order more than 6-7 vessels during the terminal year of the 11th plan period due to lean market conditions, leaving a chunk of its orders for 2012-17 period. “We have ordered 26 … 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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The Pakistani art of truck decoration

Posted on November 15, 2011 by Editor

Produced by World Vision Report Listen to this Story By Worldview (AP/B.K. Bangash)Abdul Rauf takes a look at his ornately decorated truck before it hits the road in Rawalpindi, Pakistan. In Pakistan, shipping is big business. New paved highways offer … Continue reading →

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