Pacific Basin bullish on bulk-shipping Pacific Basin Shipping Ltd, Hong Kong's largest operator of dry-bulk vessels, said the market will continue expanding at a 'relatively high pace' as growth in China and the rest of Asia stokes demand for steel.
India poised to help local yards compete India may lift restrictions on local shipyards bidding for state contracts to build container ships and oil tankers to spur competition with Korean and Chinese makers, an official with direct knowledge of the matter said. The shipping ministry wants to drop a clause that requires yards to have prior experience building large vessels, the official said yesterday.
Viet deputies grill govt over Vinashin scandal Vietnamese lawmakers yesterday demanded answers from the communist government in the case of state-run shipping group Vinashin, which has been driven to the brink of bankruptcy.
Chinese coal tax changes seen CHINA is likely to make changes to the way it taxes coal, IHS Global Insight reported today
BDI falls on Panamax rates THE BALTIC Dry Index has dropped a third consecutive day, dragged down by falling Panamax rates
RBCT posts export record SOUTH Africa's Richards Bay Coal Terminal said today it broke its monthly export record in October
Bulker newbuilding impact rises THE "TONNAGE tidal wave continues to build", cautioned JP Morgan analyst Jon Chappell in a drybulk forecast today
Pirates take tanker, ditch bulker PIRATES have hijacked a tanker in the Somali basin, while a bulker has avoided capture after it was boarded by pirates off Oman, according to EU NAVFOR
VLCC spot market pushes up THE VLCC spot market is starting the week with momentum, analysts said today
Hanjin studies suspension SOUTH Korea's Hanjin Shipping is considering withdrawing one of its three Asia/Mediterranean box services during the slack winter season
First of the SA15 freighters sold for scrap The Norilsk, the prototype vessel of the spectacular SA15 freighter, has been sold for recycling at Huangpu, China, for USD 415 per light ton, USD 4.49 million in total
Egholm II safely salvaged On October 31 Danish JA Rederiet (Jens Alfastsen) carried out a successful salvage of the sunken ferry Egholm II. The ferry was removed from the sea bottom by the floating
Tanker hijacked in the Somali Basin On the morning of October 30 the Panama-flagged tanker Polar, 72.825 DWT, was hijacked some 580 nautical miles East from the island of Socotra, Yemen, the EU Navfor
'No evidence' that H2S vapours are a growing problem FOBAS defends new bunker standard: 'It is only possible to set a H2S limit in terms of the liquid phase.'
Maersk Line to offer vessel CO2 data Increasing transparency by making independently verified data available.
Prices mixed in Rotterdam, Hamburg NYMEX showing gains of more than $1.50 on early trading.
Bunker market softens in Fujairah 180 cSt product in Durban available between November 5-11 only.
Unique bunkering event comes to London The Bunkerworld Business Exchange offers advice from industry experts on current hot topics and pre-arranged one-to-one meetings.
Singapore oil-spill clean-up costs estimated at $5.4 million Shipping companies involved will have to pay, says MPA.
Pirates hijack fuel oil tanker Vessel was en route to Singapore.
Bunker prices move in contrary directions Mixed demand at Asia's key bunker hubs, traders say.
Strike ends at Fos-Lavera Some 80 vessels waiting offshore to unload.
Container ship runs aground off Brisbane No reports of fuel spill or damage to environment.
Typhoon halts operations in Tokyo Bay Bunker deliveries were back to normal by Monday, say players.
STX delivers dual-fuel LNG carrier Future in ship-propulsion technology is gas, says senior vice president of MAN Diesel & Turbo SE.
Fuel treatment 'not effective' in curbing H2S H2S can still be produced even after fuel is treated to meet requirement under ISO 8217:2010.
Cockett expands bunker ops in South Africa Move to bigger office reflects commitment to the South African market and ongoing strategy of growth.
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