Thursday, 11 March 2010

Chartering activity in the VLCC market has been brisk and this helped to reduce the number of available candidates in the MEG. Charterers have also shown a greater interest in WAF loaders,
Read More..

Thursday, 11 March 2010

There should be a 30 per cent scrapping of existing order book, for the shipping industry to maintain the current status quo and prevent the situation from further deteriorating, a senior industry...
Read More..

Thursday, 11 March 2010

Dry bulk shipper Baltic Trading Ltd priced its initial public offering within the expected range, but its shares edged down in its Wednesday debut.
Read More..

Thursday, 11 March 2010

After struggling from declining orders during the global recession some signs of recovery are being seen in Korea's shipbuilding industry.
Read More..

Thursday, 11 March 2010

Iron ore imports by China, the largest buyer, rose 6 percent in February, strengthening the ability of BHP Billiton Ltd., Rio Tinto Group and Vale SA to ask for higher prices.
Read More..

Thursday, 11 March 2010

Paragon Shipping Inc., or the Company, a global shipping transportation company specializing in drybulk cargoes, announced yesterday that it is transferring the listing of its common stock to the New...
Read More..

Thursday, 11 March 2010

Wilhelmsen Ships Service in Taiwan has signed a two year contract to supply gases and chemicals to the fleet of one of Asia’s leading shipping companies, Wan Hai line. Wilhelmsen Ships Service...
Read More..

Thursday, 11 March 2010

China Shipping Group Co., the nation’s second-largest sea-freight company, plans to buy “quite a few” dry-bulk ships this year on rising demand in Asia for shipments of iron ore and...
Read More..

Thursday, 11 March 2010

The rate of growth in Europe-Asia container traffic is picking up pace, and trans-Atlantic cargoes are growing modestly, according to the latest figures from ocean carriers.
Read More..

Thursday, 11 March 2010

China exported US$3.79 billion worth of ships, boats and floating structures in February, 70.6% more than in the same month of last year, according to statistics released by the Ministry of Industry...
Read More..

Thursday, 11 March 2010

MISC Bhd (MISC)’s petroleum and container shipping divisions are to drive the group’s growth in 2011 to 2012.According to HwangDBS Vickers Research Sdn Bhd (HwangDBS Research),
Read More..

Thursday, 11 March 2010

The Census and Statistics Department (C&SD) yesterday (March 8) released statistics on vessels, port cargo and containers for the fourth quarter of 2009. In the fourth quarter of 2009,
Read More..

Thursday, 11 March 2010

Container traffic at major ports in India grew by almost 3 percent in the 11 months from April to February compared with a year earlier, the Indian Ports Association said in a statement.
Read More..

Thursday, 11 March 2010

Australia's thermal coal prices, a benchmark for Asia, fell 2 percent to below $94 a tonne this week, as sluggish demand from China foiled sellers' hopes that the world's largest coal consumer would...
Read More..

Thursday, 11 March 2010

Iron ore contract prices may surge 60 percent to a record this year as demand from China increases and steel production recovers in developed economies, Goldman Sachs JBWere Pty said.
Read More..

Thursday, 11 March 2010

After months of economic downturn, during which German steel industry output regressed to 1963 levels, the German Steel Federation (WV Stahl) has stated that the domestic steel industry has survived...
Read More..

Thursday, 11 March 2010

Glencore International AG Wednesday reported a 42.7% fall in pre-items net income last year due to lower average commodity prices,
Read More..

Thursday, 11 March 2010

Iron ore prices are headed as much as 35% higher this year and will likely pressure the profit margins of steel companies, Tata Steel Ltd Vice Chairman B Muthuraman said.
Read More..