Heeding siren calls for CSR IN Asia, where corporate social responsibility (CSR) programmes are often seen as costs rather than benefits, getting shipping companies to embrace the idea of sustainable practices is always going to be a challenge, even more so as the economic climate takes a turn for the worse.
Dry bulk trade will maintain growth: ICAP Amid the gloom in the rates outlook and a plunge in the Baltic Dry Index over the past six months, shipbroking firm ICAP Shipping forecasts that dry bulk trade growth will be sustained at current levels for the next six years.
Mitsui, K-Line to cut US container service Mitsui OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second- and third-largest container-ship operators, will reduce weekly container service to North America from Asia as demand for exports declines.
Some shipping lines likely to become bankrupt: Faber
Listen up, world - it's Asia calling
Strait Talk
Reminder of shipping's importance to S'pore FORMER British prime minister Harold Wilson famously said that a week was a long time in politics. Last week must have seemed a very long one for many people. It was not a good week to be a banker, or a share trader. Actually, it was not a good week for any of us as stock markets plummeted and the spectre of global recession returned. And for shipping, the signs are already ominous, but not necessarily disastrous.
Heeding siren calls for CSR IN Asia, where corporate social responsibility (CSR) programmes are often seen as costs rather than benefits, getting shipping companies to embrace the idea of sustainable practices is always going to be a challenge, even more so as the economic climate takes a turn for the worse.
Dry bulk trade will maintain growth: ICAP Amid the gloom in the rates outlook and a plunge in the Baltic Dry Index over the past six months, shipbroking firm ICAP Shipping forecasts that dry bulk trade growth will be sustained at current levels for the next six years.
Mitsui, K-Line to cut US container service Mitsui OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd, Japan's second- and third-largest container-ship operators, will reduce weekly container service to North America from Asia as demand for exports declines.
Some shipping lines likely to become bankrupt: Faber
Listen up, world - it's Asia calling
Strait Talk
Reminder of shipping's importance to S'pore FORMER British prime minister Harold Wilson famously said that a week was a long time in politics. Last week must have seemed a very long one for many people. It was not a good week to be a banker, or a share trader. Actually, it was not a good week for any of us as stock markets plummeted and the spectre of global recession returned. And for shipping, the signs are already ominous, but not necessarily disastrous.
Banks woo owners with loan buybacks BANKS try to boost their liquidity and financial ratios by offering shipowners chance to redeem loans at hefty dscounts.
Owners call for banks' patience
Lawyers seek to quash Le Ponant arrests LAWYERS defending Le Ponant 'hijackers' apply to quash proceedings on grounds they were arrested illegally.
Russia looks at energy funding RUSSIA'S vice premier for energy and resources, Igor Sechin, has met the heads of the country's oil and gas majors to discuss their refinancing problems
Corsica Ferries buys most of Stradeblu CORSICA Ferries has become majority shareholder of ro-ro operator Stradeblu
Gdynia union leaders hopeful TRADE UNION leaders at the Gdynia shipyard said on Monday that they were relieved and optimistic about the future of their members' jobs after meeting with prime minister Donald Tusk to discuss privatisation plans for the concern
Credit to fund Polish terminal POLISH GAS transmission operator Gaz-System has plans to put up 20-30% of the building costs of an LNG terminal on the Baltic Sea coast from its own funds, with the rest coming from bank credit, according to Polish business daily Puls Biznesu
Cut capacity now, box owners warned CONTAINER shipowners to lay up tonnage and cancel orders or face the worst load factors in ten years, warns Charles de Trenck, analyst and founding partner of Transport Trackers
Borrowing banks fear lending fall MOST banks involved in shipping are still able to borrow, according to Roderick Wong, a financial analyst with Marine Money Asia
Angel Island suffers wildfire damage HALF OF Angel Island, the biggest in San Francisco Bay and a significant landmark for seafarers, was badly damaged by wildfire and remains closed to the public
Fjord Line in open conflict with port management Recently Fjord Line decided to continue to sail between Kristiansand, Norway, and Denmark during the summer season. The company also decided that, due to rough winter weather conditions and lower customer demand, it is not feasible to sail on the ...
Pirate killed in gun battle Armed security forces from northern Somalia killed a pirate during a shoot-out aboard a hijacked Panama-flagged vessel, a local government official said to Reuters. "We killed one pirate and wounded two others. We also captured their two speed ...
Ship crew detained The police on Gibraltar have detained three officers from the bulk carrier Fedra, which went aground off Europa Point, Gibraltar, on 10 October after its main engine broke down in stormy weather. The men are suspected of having acted in ...
Bunker spill concerns off Norway Grounded bulker refloated after running aground near 'rsund'ya.
Global bunker market report
Major bunker terminal planned for Yemen Aden Free Zone signs memorandum of understanding to build fuel storage and bunkering facility.
IMO scrubber decision will 'cut costs' for decades Scrubber manufacturer says a 'wholesale switch to low sulphur distillates would be disastrous'
ARA - some suppliers fully booked till 17 October
Singapore bunkers up for first time in two weeks Prices were up on Tuesday following gains in crude oil prices.
Dutch official to study sulphur testing issue No attempt to reverse MEPC decision on MARPOL Annex VI sulphur verification procedure.
WFS board approves $50 million share buyback The company plans to begin repurchasing early November.
Petrobras Singapore says low-sulphur demand 'stable' LSFO premiums expected to rise as sulphur content is driven down.
Oil swaps market helps manage bunker price volatility Credit concerns drive growing acceptance of the need for clearing, says official at Singapore Exchange's AsiaClear.
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