Dry bulk market’s correction “spills” over onto new week

Tuesday, 01 November 2011 01:00 The dry bulk market is losing steam, as evidenced by the falls experienced last week, which were also apparent at the beginning of the new week. A lot of this fall is stemming from the … Continue reading

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Vessel operating costs expected to rise

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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Cell Phones and Brain Cancer??

Cell Phones and Brain Cancer www.youtube.com There isn’t any evidence that proves that cell phone use causes brain cancer, but our brains are sensitive to the to a cell phone’s electromagnetic waves. Th…

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DP World wins third Seatrade Container Terminal Operator award in a row (NSICT bags the Environmental Protection Award)

Source: dstnews UAE: DP World, UAE Region has won the prestigious Container Terminal Operator award for a third consecutive year at the annual Seatrade Middle East & Indian Subcontinent awards recently. Global port operator DP World was also the recipient … Continue reading

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NYK, Evergreen, Hanjin trio launches ICS to link Far East with India from Oct 29, 2011

Source: dstnews

JAPAN: Three container lines from Japan, Taiwan and South Korea will launch a Far East – West India direct service starting from 29 October, 2011. The service, named India-China Service (ICS), will be operated by a line of partner carriers including NYK, Evergreen and Hanjin Shipping. NYK will deploy three vessels, Hanjin Shipping and Evergreen will deploy one 2,500 TEUs containership each in this new ICS Service.

The 35-days ICS port rotation will be Busan, Shanghai, Ningbo, Shekou, Singapore, Nhava Sheva (JNPT), Pipavav, Colombo, Singapore and Hong Kong.

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SCI to invest Rs 3,700 cr. on 24 new vessels

Source: dstnews MUMBAI: The state-run Shipping Corporation of India (SCI), will spend Rs.3700 crore in the ongoing fiscal to acquire 24 new vessels across categories. “Our capital expenditure for 2011-12 is Rs 3,700 crore and this will be used for … Continue reading

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China: CSDC Orders New Bulk Carrier at Jiangnan Shipyard

China Shipping Development Company (CSDC) has penned an order to build a 76,000 dwt bulk carrier worth approximately RMB229.3m ($36.1m). The new agreement was made between CSDC’s subsidiary Tianjin Zhonghai Huarun and Chinese builder Jiangnan Shipyard on Tuesday. China Shipping … Continue reading

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Cargo ship collision leaves two dead, two missing


Two seamen were killed, another two were reported missing, and a further nine were rescued from the sea after two ships collided in the waters of around Penghu, yesterday.


This undated file picture shows the Teh-hsing sailing off the coast of Kinmen Island. The 900-ton bulk carrier sank in the waters off Penghu Islands on the morning of Friday, Oct. 28, after a collision with another ship.
This undated file picture shows the Teh-hsing sailing off the coast of Kinmen Island. The 900-ton bulk carrier sank in the waters off Penghu Islands on the morning of Friday, Oct. 28, after a collision with another ship.

Two seamen were killed, another two were reported missing, and a further nine were rescued from the sea after two ships collided in the waters of around Penghu, yesterday.

As of press time, a joint sea and air search and rescue operation was still under way, searching for the missing crew members from Taiwan freighter Teh-hsing (德興號), a 900-ton bulk carrier that used to shuttle between Kaohsiung and the offshore Kinmen Island, transporting materiel for the Taiwan military. Naval vessels were combing the seas for the two missing men.The two men killed in the collision were Wang Chao-tung (王朝棟), Taiwanese chief engineer of Teh-hsing and the ship’s Indonesian mechanic, Agus Rasm Anto. The two missing men were Tu Tien-hsiang (杜天祥), the ship’s Taiwanese captain, and an Indonesian junior engineer.

According to surviving crew members, Teh-hsing broke into two halves and sank about 15 minutes after a 9,000-ton Liberia-registered freighter rammed into its center at 1 a.m. yesterday. The Liberian freighter was subsequently directed to Penghu, where Coast Patrol authorities are investigating the incident.

Immediately after news of the collision reached it, the Ministry of National Defense ordered an S-70C “Seagull” helicopter to take off from an air force base in Chiayi and fly to an area 22 nautical miles northwest of the Penghu Islands. The nine survivors, who abandoned ship shortly after the collision, were picked up from the sea by the helicopter.

Meanwhile, other helicopters dispatched by the National Search and Rescue Centers flew nine sorties over the area. The Navy also ordered two vessels to head to the region.

Source and photo: CNA

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Dry ship deliveries to reach highest ever in 2011

Deliveries of new dry bulk ships are on course to reach their highest level ever this year and fleet expansion is expected to remain strong in 2012, ship broker SSY said on Wednesday. Deliveries of new dry bulk ships are … Continue reading

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‘Historic’ snowstorm slams US northeast

Mariano Andrade, AFP October 30, 2011, 2:13 pm Snow and icy rain have pelted the US east coast, sparking long airport delays and major power cuts as forecasters warned the rare October storm could dump up to a foot of … Continue reading

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