Missing General Cargo Ship over 25 years of age in Black Sea.
A General Cargo vessel, flag - foreign, GRT- 3009t, built in 1982, owned and managed by foreign shipping company completed loading of steel billets on 16.02. 2008 in one of the foreign ports in [...]
EU initiative for the Gulf of Aden
cumberland
The European Union (EUNAVFOR ATALANTA) is initiating a ‘Close Support Protection’ system for vessels transiting the Gulf of Aden.
EUNAVFOR had requested all owners / operators requiring the close protection to register on the Maritime Security Centre - Horn of Africa (MSC-HOA) website: www.mschoa.org
Please see below the initial guidlines aa released by EUNAVFOR
[QUOTE]
INITIAL GUIDANCE TO THE [...]
Security upgrades set to make India�s ports even more costly
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Bangalore: India’s relatively high-cost ports are likely to charge even more as the government takes steps to beef up security following the Mumbai terrorist attacks.
The government is planning to install equipment to scan cargo containers, set up a marine commando force, increase the number of security personnel and buy speedboats to help in search operations.
[...]
Somali pirates release Greek ship
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The East Africa Seafarers Assistance Program (SAP) issued a statement today confirming that the bulk carrier CAPT. STEFANOS (sometimes spelled CAPT STEPHANOS) was released by its hijackers yesterday.
The vessel was captured by Somali pirates in September along with her crew of 19 in the Gulf of Aden.
“The Greek ship-owner’s company Chartworld Shipping Corporation (Athens) finally [...]
Industry cancels orders worth Rs 3,750 crore for new ship
NEW DELHI: India’s shipbuilding industry may suffer cancellations of about 15% of their total orders, worth at least Rs 3,750 crore, as a slump
in international trade in the wake of the global economic crisis has taken a toll on the sector, industry experts say. Orders for about 35 ships that were to be built [...]
Shipping firms face unhappy new year
cargo
As 2008 draws to a sorry close, the boom momentum that the shipping industry was enjoying at the start of the year is now a distant memory with demand falling in direct proportion to the economic slowdown.
Charter rates continue to plummet with the scenario of idle tonnage becoming a certainty for the near future, especially [...]
India: Dry bulk cargo shipowners lay up vessels, sell older ships
capesize-bulk-carrier
Bangalore: Indian shipping firms engaged in carrying dry bulk cargo such as coal or steel have started laying up vessels and even selling older ones as freight rates plunge to record lows amid the global economic downturn and credit crunch. A lay-up happens when a ship is withdrawn from trading operations.
“The market for dry bulk [...]
Tanker outlook: Owners unlikely to walk away from newbuild contracts
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New York: Most of the tankers currently on order will be built and delivered, according to New York broker Poten & Partners. This is in marked contrast to the dry bulk market where analysts believe large numbers of bulk carriers will be seriously delayed or cancelled. However, tanker owners and investors are anxiously awaiting a [...]
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 [...]
Piracy scourge affecting India’s merchandise trade
piracy
Twenty seven-year-old Jasmeet Singh, third officer with a Norwegian merchant vessel cruising along the Horn of Africa en route to the Mediterranean sea, is a worried man. Satellite phone usage on-board is limited to senior officers like the captain and chief engineer.
But these are exceptional times. Besides his family, Singh has repeatedly called four of [...]
