UAE tanker released with half of the crew, details unclear

What serious analysts predicted since long in the Somali piracy circus are cases where the amateur negotiators and deliverers, who are often friends of friends in the insurance industry, create more difficulties than they solve with ill-conceived ransom drops...

Posted on 4/17/2011 / 0 comments / Read More

Singapore vessel arrivals in March surge to record high

Vessel arrivals by tonnage to Singapore's port rose nearly 14 percent to a record monthly high of 181.78 million tonnes in March, helping to spur a rebound in marine fuel sales in the city-state last month, official data showed. [Read More] Source: Reuters, Manila...

Posted on 4/17/2011 / 0 comments / Read More

LNG bunkering needs government support

A shift to using LNG for bunkering commercial vessels would require government support or intervention and is unlikely to be a realistic global phenomenon before 2025 at the earliest, shipping industry representatives said this week. [Read More] Source: pla...

Posted on 4/17/2011 / 0 comments / Read More

NSCSA Receives New Chemical Tanker NCC HUDA

The National Shipping Company of Saudi Arabia announces that its 80% owned subsidiary company The National Chemical Carriers Ltd. Co. (NCC) received on Friday, 15th April 2011 in Korea a new chemical tanker named “NCC HUDA” with DWT of 45,000 tons from SLS Shipbuilding...

Posted on 4/17/2011 / 0 comments / Read More

Indian merchant navy officers to grab 9% global share by 2015

Aiming to increase the global share of Indian merchant navy officers to 9% by 2015 in the wake of shortage of personnel, the government plans to acquire four training ships at a cost of Rs 500 crore.India is the fifth largest supplier of officers globally at present...

Posted on 4/17/2011 / 0 comments / Read More

ONR demonstrates laser weapon that could disable pirate skiffs

The Office of Naval Research has successfully demonstrated a weapon that could one day prove an effective means of disabling pirate attack skiffs. On April 6, the Office of Naval Research and its industry partner, Northrop Grumman, successfully tested a solid-state,...

Posted on 4/17/2011 / 0 comments / Read More

SCI signed contracts for acquisition of two resale Supramax bulk carriers

The  Shipping  Corporation  of  India  Ltd.  (SCI) has signed contracts for acquisition of two resale Supramax bulk carriers with M/s Grand Yard. Investments Ltd., China on 15th April, 2011.  These vessels have been acquired...

Posted on 4/17/2011 / 0 comments / Read More

Piracy spurs India coal buyers to diversify

Indian coal buyers struggling with Somali pirate attacks on ships from South Africa find taking longer routes of limited use and are turning to Australia and Russia for fuel to avoid the Indian Ocean completely. Somali pirates, whose hijacking of oil tankers,...

Posted on 4/17/2011 / 0 comments / Read More

Oversupply of vessels to rule the market for at least three more years says analyst

Dry cargo demand fundamentals are falling back in terms of offering proper comfort to ship owners and alleviate oversupply issues, as Chinese iron fixtures are on a downward trend with port stockpiles of iron ore, coal and steel being at elevated levels. [Read More] Source: Hellenic Shipping N...

Posted on 4/17/2011 / 0 comments / Read More