(3.7.2009 06:31)
KARACHI, Jul 01, 2009 (Asia Pulse Data Source via COMTEX) -- Pakistan Navy ship PN-Badar has left for Somalia to join joint anti piracy campaign for 15 days.TMCnet.com (3.7.2009 06:02)
From Peter Swift The article Owners told to scrub up over SOx emissions (Lloyds List , July 1) contains criticism of the shipping industry expressing its concerns over the introduction of one aspect of the so-called European Union Marine Fuels Directive 2005.Lloyd's List (3.7.2009 05:05)
Ships being seized by banks to recover debts by shipping owners City Desk Unheard of until now but large cargo ships are being seized by banks to recover debts from shipping companies, caused by the near collapse of dry bulk ships rates around the world.The London Daily News (3.7.2009 03:00)
Financially troubled shipowners could be facing a wave of ship seizures after two high-profile foreclosures suggested financiers' and creditors' patience was wearing thin.Financial Times (2.7.2009 07:11)
In a move designed to help boost derivative trading, the Baltic Exchange will be implementing changes to the way in which the Baltic Exchange Dry Index is calculated.HedgeWeek (2.7.2009 05:32)
CHARTER rates were holding at around $35,000 per day this week as charterers took a break from fixing very large crude carriers, writes Martyn Wingrove...Lloyd's List (2.7.2009 05:32)
IEA says it could take more than five years for volumes to return to 2008...Lloyd's List (2.7.2009 01:49)
Raising their game An influx of shipbrokers over the past few years has led to an intensely competitive broking environment in Piraeus.Fairplay24 (1.7.2009 05:38)
LEADING shipping analysts have questioned the sustainability of the dry bulk rally, led exclusively by Chinas truly remarkable record-breaking commodities imports, which now comprise as much as three-quarters of monthly global seaborne trade volumes, writes Michelle Wiese Bockmann.Lloyd's List (1.7.2009 05:11)
Security: Up in arms Shipowners largely oppose use of armed guards on vessels, but the escalating problem of piracy has renewed interest in a complicated issue The use of armed guards remains controversial for jittery owners with ships travelling through high risk zones, and industry opinion largely remains..Safety At Sea (1.7.2009 05:11)
Tanker safety: Flashpoint Intertanko has called for a set of one size fits all inert gas rules to increase tanker safety. Martin Watts reports In February, Intertanko asserted that current SOLAS regulations for deployment and use of inert gas systems required amendment in respect of all new oil and...Safety At Sea (1.7.2009 02:53)
CHARTER rates for aframax tankers continued to tumble this week as charterers witheld some cargoes to push rates lower, writes Martyn Wingrove . Rates for shipping crude in the Mediterranean have dropped to around W125, or $30,500 per day from a year-high of W220 two weeks ago because of the glut of...Lloyd's List (1.7.2009 02:53)
Brokers say spot rates returning to May levels as more ships...Lloyd's List (30.6.2009 00:56)
ET CORFU, Greece (AP) - NATO says it has replaced a flotilla of warships patrolling the waters off Somalia in a crackdown on piracy. The alliance says the new task force consists of 5 ships from Britain, the U.KSWT 13 News (30.6.2009 00:51)
ATHENS, Greece, June 29 /PRNewswire-FirstCall/ -- TOP Ships Inc. (Nasdaq: TOPS) today announced that it has terminated its bareboat charters for four Handymax vessels: the Faithful (DWT 45,720, built 1992), the Doubtless (DWT 47,076, built 1991), the Spotless (DWT 47,100, built 1991) and the Vanguard (DWT 47.Hoovers (30.6.2009 00:09)
Compiled by Al Watan Daily KUWAIT/RIYADH: Kuwait will impose a night curfew on all unlicensed marine activities within Kuwait''s territorial waters starting from Sep.AlWatan Daily (29.6.2009 18:29)
By Jonathan Saul LONDON, June 29 (Reuters) - Pirate attacks on vessels sailing off Somalia could get worse, pushing up insurance and shipping costs and possibly forcing companies to use longer sea routes, industry officials say.Vision (29.6.2009 17:53)
Decoupling has undergone a swift fall from grace. All the rage last summer, when markets hoped that Asia could sail on as the US faltered, the idea today is about as credible as Flat Earth Theory.Money Week (29.6.2009 12:10)
GREECE has emerged as the next port of call for Norwegian shipbroker RS Platou and its new London-based partner Richard Fulford-Smith, writes Nigel Lowry in Athens .Congoo (29.6.2009 06:22)
The number of supertankers being used to store crude and oil products fell by a third since March, according to reports. Only about 30 very large crude carriers (VLCCs) are in use now, as against about 45 in the latter part of the first quarter, a shipping analyst here said.Exim India