Coastal police in Mumbai takes charge of fleeing merchant vessel

The Bahamas-flagged merchant vessel MV Dynamic Striker, which was trying to flee from the Mumbai coast outer anchorage without discharging cargo at the port, was intercepted and brought back to the city coast by coast guard around 6am on Wednesday. [Read More] Source:...

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Chopper plucks injured sailor from ship

A Canadian Forces rescue helicopter braved hazardous conditions Wednesday to lift an injured sailor from a bulk carrier off Cape Scott on the northern tip of Vancouver Island. [Read More] Source: BEdmonton Jour...

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GE Shipping to buy general purpose product tanker

Great Eastern Shipping Company (GE Shipping) today said it has signed a contract to buy a general purpose product tanker. [Read More] Source: Business Stand...

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Stranded ship poses offloading problem

KOLKATA: Officials of the Kolkata Port Trust (KoPT) are faced with a strange dilemma. For over four days now, the MV Tiger Spring is stranded on a sandbar near Nurpur in South 24-Parganas. Experts from SMIT Salvage the Netherlands-based firm engaged by the  ship's...

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Baltic Dry Index Drops on Speculation Vale, BHP Exited Market

The Baltic Dry Index, a measure of commodity-shipping costs, fell for a second day on a dearth of iron-ore cargoes amid speculation that mining companies Vale SA and BHP Billiton Ltd. exited the market. [Read More] Source: Bloomb...

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Product tankers’ prospects seen positive in the long run

Cautious ordering of coated Aframaxes in 2009 and 2010 despite low newbuiding prices  may prove to be quite beneficial for LR2 tanker owners in the long-term. A relatively moderate orderbook and strong growth forecast for long haul product trades could give...

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6,500 ton ship launched

A member of Vietnam Shipbuilding Industry Group (Vinashin) on November 26 launched a 6,500 ton container ship named Vinashin Southern No.1 in the northern port of Hai Phong.[Read More]Source: Sai...

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China set to overtake Korea as world's top shipbuilder

South Korea is sure to lose its status as the world's leading shipbuilder to China this year as it lags far behind the neighboring country in key indicators, industry sources said Sunday. [Read More] Source: Korea Ti...

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