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Short-Term Tanker Outlook Cloudy
tanka
The short-term picture for tanker stocks has grown a little muddy. First and foremost, the widely watched fixture or cargo count — the number of oil tanker ships booked each month to transport oil from the “Arabian Gulf” — will possibly not reach the expected century mark for May, which could weigh on shipping rates [...]
New generation of Somali pirates emerging
Pircay
A new generation of well-organised Somali pirates is targeting ships and aims to use ransoms from hijackings for further criminal activities, a senior ship industry official said. Seaborne gangs have already increased their attacks in recent months, making tens of millions of dollars in ransoms from seizing ships, including tankers and dry bulkers, in the [...]
Container shipping market looks up in 2010
container
The prospects for the container shipping market are looking much better than 12 months ago, as both volumes and rates have been rising recently and the increases “appear to be to be resilient,” according to the Paris-based consultancy Alphaliner. It points towards growing “optimism among operators with a stronger-than-expected surge in demand in the pre-lunar [...]
Leaked text raises prospect of carbon levy on ships and planes
cargo
Some form of carbon levy on international shipping and aviation looks increasingly likely after a controversial leaked document from the Copenhagen Summit revealed that key industrialised nations would support the idea. The so-called Danish Text, leaked yesterday to the Guardian, has enraged many developing nations for appearing to undermine both the existing Kyoto Protocol and [...]
Fuel saved with new ship paint
Hempel has developed new ship paint so efficient against fouling, that it gives the vessels fuel savings up to eight percent. If the entire world fleet were painted with X3, the new paint would make the CO2 discharge drop by 80 billion tonne per year. “It is a revolution that our engineers have had such [...]
“OPPORTUNITY STILL KNOCKS FOR SHIPPING,” SAYS ACCOUNTANT
UK-based shipping accountant Moore Stephens says that, despite the current economic downturn, shipping is still a good business to be in, and that resourceful investors will find opportunities to expand, or to get back into shipping, over the next twelve months.
Julian Wilkinson, head of the Moore Stephens shipping team, says, “Shipping enters 2009 with at [...]
Weekly Piracy Report ( 30 December 2008 - 5 January 2009 )
Suspicious crafts
None reported
Recently reported incidents
28.12.2008: 1950 LT: Posn: 12:01.9S - 077:11.1W, Callao anchorage, Peru.
Ten robbers boarded a bulk carrier at anchor. They took hostage one duty crew and tied his hands and legs. Robbers stole ship’s stores and property and escaped. Port control informed. A coast guard boat came and patrolled the area.
26.12.2008: Posn: 12:53.5S [...]
Terror on high seas, now a major worry for ship owners
Plummeting freight rates and shrinking cargo as a result of the global financial meltdown are not the only issues presently gnawing at shipping companies. The recent flare-up of terror on high seas, off the coast of Somalia, has become a sharper concern for ship owners.
Even after the Indian seafarers aboard Stolt Valor, which was hijacked [...]
Kolkata port to expedite dredging in Hooghly.
Kolkata, Aug. 14 The Kolkata Port Trust will immediately acquire on charter a dredger to expedite dredging in the Hooghly River. However, the Dredging Corporation of India will do the chartering on behalf of the port - this was decided at a high-level meeting in New Delhi recently.
Also, steps will be taken to ensure that [...]
‘All clear’ sounded for the Krishnapatnam Port.
Krishnapatnam port has the potential to become the country’s biggest port when all 42 berths are ready in the next five years with a total investment of Rs 10,000 crore.
K. V. Kurmanath
When Ms Sonia Gandhi, Chairperson of United Progressive Alliance (UPA), inaugurated the first phase of Krishnapatnam Port in Nellore district last week, it signalled [...]
