Blog Archives

Maersk CEO: ‘We can outlast you’ – some say ‘war of attrition’ declared

Posted on November 25, 2011 by Editor

MAERSK is frequently accused as the aggressor in a destructive war of attrition that will stands to leave the Danish shipping giant one of the few survivors and with the lion’s share of the market, reports Alphaliner in Paris. MAERSK … Continue reading →

More Galleries | Leave a comment

India’s Great Eastern to sell-off old ships to avoid maintenance costs

Posted on November 25, 2011 by Editor

MUMBAI’s Great Eastern Shipping is to sell off its older ships after the signing of a contract to dispose of it 16-year-old Jag Pratap and the dismantling of seven more to stem losses on rent. MUMBAI’s Great Eastern Shipping is … Continue reading →

More Galleries | Leave a comment

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 →

More Galleries | Leave a comment

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 →

More Galleries | 1 Comment

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 →

More Galleries | Leave a comment

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 →

More Galleries | Leave a comment

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 →

More Galleries | Leave a comment

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 →

More Galleries | Leave a comment

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 →

More Galleries | Leave a comment

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 →

More Galleries | Leave a comment