Blog Archives

Private navy to protect vessels against pirates – at US$30,000 per ship

Posted on November 12, 2011 by Editor

A PRIVATE navy of small gunboats, likely to fly the Cypriot flag, is expected to be on patrol in five months to escort ships and protect them against pirate attack as they transit the Gulf of Aden. A PRIVATE navy … Continue reading →

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Cargo to U.S. Drops for First Time Since End of 2009

Posted on November 9, 2011 by Editor

U.S. imports on the world’s biggest trading route are dropping for the first time in almost two years as consumer confidence weakens to the lowest level since the recession that ended in 2009.Container volumes on the Asia-to-U.S. route fell 3.8 … Continue reading →

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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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Iraq projects may push oil output to 12.5m bpd

Posted on November 8, 2011 by Editor

Iraq’s oil production may rise to more than 12.5 million barrels a day (bpd) from about 2.4 million bpd by 2017 if things proceed as per plan, Iraq-based Rabee Securities said in a research report. “This growth in oil production … 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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Top 10 Things You Should Not Share on Social Networks

Posted on November 6, 2011 by Editor

by Charles W. Bryant 1: Anything You Don’t Want Shared You can select all the privacy settings you want on social networking sites, but the fact is, if you post it, it has the potential to be seen by someone … Continue reading →

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Poor markets hit HK’s shippers

Posted on November 6, 2011 by Editor

Uncertain conditions in the container shipping and dry bulk cargo markets continue to affect the maritime sector, according to trading results posted by Hong Kong’s leading shipping companies. Uncertain conditions in the container shipping and dry bulk cargo markets continue … 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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Port of Liverpool tools up for future growth

Posted on November 6, 2011 by Editor

MUMBAI: Peel Port Mersey, the most centrally located UK Port has turned out to be one of the most important key international trade hub for the UK throughout history. Mentioning about the trade with India, Mr. Stephen Carr, Head of … Continue reading →

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Steamship Mutual P & I Club Sets 5% Premium Increase for 2012

Posted on November 6, 2011 by Editor

The Directors of the London-based Steamship Mutual P&I Club “recently reviewed the Club’s open policy years, as well as claims in earlier years, and considered the premium ratings required for the 2012 policy year,” said  an announcement from the Club. … Continue reading →

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