Shippers, insurers fear Somali piracy may escalateTuesday, 30 June 2009 Pirate attacks on vessels sailing off Somalia could get worse, pushing up insurance and shipping costs and possibly forcing companies to use longer sea routes, industry officials say.
Read More.. | CEPSA Lays Groundwork for Future with Record-High Capital Spending PlanTuesday, 30 June 2009 Capital expenditures of over €1,500 million in 2008 will enable the Company to expand its exploration licenses, upgrade the efficiency of its refineries,
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Barry Rogliano Salles Weekly Dry Bulk Market No 639Tuesday, 30 June 2009 The BDI dropped nearly 10% this week as activity slowed. The smaller sizes lost less ground, however, and again seemed to be moving independently of the big ships. Despite the retreat
Read More.. | China-bound LNG tankers increase to 3-month highTuesday, 30 June 2009 The number of liquefied natural gas tankers sailing to China climbed fourfold in the past week, suggesting the country's terminals will receive the most deliveries of the fuel since March,...
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GAC India steps up on green initiativesTuesday, 30 June 2009 GAC India has rolled out a series of green initiatives at its Kakinada offshore base with the objective of minimising its environmental impact on the local area, while continuing to provide a safe,
Read More.. | Shipbreakers plan to oppose ratification of IMO conventionTuesday, 30 June 2009 Indian efforts to approve and ratify the latest International Maritime Organisation (IMO) convention on ship recycling, which, according to the agreement, should start with right earnest from...
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Major shipping firm keen on investing, says OngTuesday, 30 June 2009 The world’s third biggest shipping company is keen to invest in port-related ventures in the country, Transport Minister Datuk Seri Ong Tee Keat said. Speaking to reporters here,
Read More.. | Sri Lanka mulls shipyard, manufacturing plans for southern portTuesday, 30 June 2009 The Sri Lankan government wants to attract investments for ship building, and cement and fertilizer manufacturing at a new port being built in southern Hambantota, a senior official said.
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South African shipping buoyant amid recessionTuesday, 30 June 2009 Coastal trade in South African waters has shrugged off the recession and seems to be the rare bright spot in the gloomy international shipping industry, a local shipping firm said last week.
Read More.. | ZIM Integrated Shipping Services announced emergency bunker feeTuesday, 30 June 2009 ZIM Integrated Shipping Services Ltd. said it would charge a US$75 per TEU emergency bunker fee on all westbound shipments from Asia and the Indian Subcontinent to northern Europe, the Mediterranean...
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UK: Shipping industry welcomes Government's new focus on skillsTuesday, 30 June 2009 The focus of the Draft Legislative Programme “New Industry, New Jobs” – on improving skills, supporting low-carbon services and industries, the continued openness of the global...
Read More.. | SCI to Upgrade Middle East ServiceTuesday, 30 June 2009 The Shipping Corporation of India announced plans to upgrade its SCI-Middle-East-India-Liner-Express Service, effective in July. The weekly SMILE service, deploying three vessels,
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Moody's changes US ports sector outlook to negativeTuesday, 30 June 2009 Moody's Investors Service said on Monday it changed the outlook for the U.S. port industry to negative from stable, citing economic trends, including the recession and weak consumer confidence.
Read More.. | DP World holds third terminal expansion Tuesday, 30 June 2009 DP World, the world's largest port operator, has delayed the expansion of its $1.5 billion (Dh5.5bn) third terminal in Jebel Ali owing to a lacklustre global economic environment, a company official...
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China's iron ore discovery may hit India's exportsTuesday, 30 June 2009 More than half of India's exports to China are iron ore. Beijing is also heavily dependent on supplies from Australia, Japan and South Korea to feed its high speed industrial growth.
Read More.. | Commodity Rally May Falter on Supply, SpeculatorsTuesday, 30 June 2009 Commodities, heading for the first quarterly advance in a year, may struggle to repeat their gains in the next three months as supply expands and speculators sell. Nickel may average 29 percent less...
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Capacity addition not to dampen Chinese steel market - Analyst Tuesday, 30 June 2009 According to Mr Chen Kexin an analyst with the production promotion center of China Commerce, big amounts of steel capacities coming on stream, may serve as a potent driver for steel price to rise.
Read More.. | Industry confused with surging iron ore importsTuesday, 30 June 2009 China, the world's largest iron importer, may face an iron ore surplus this year after imports exceeded demand, said official from China Iron & Steel Association. "The risk of...
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68 percent of MEPS steel product prices in developing markets go positive in June Tuesday, 30 June 2009 Until mid-June, Turkish long product quotations exhibited some stability. Since then, domestic offers have risen due to supply-side issues and upward movements in semi-finished and scrap values.
Read More.. | IEA forecasts 0.6% global oil demand riseTuesday, 30 June 2009 Global crude oil demand is expected to grow by 0.6% year on average between 2008 and 2014 amid the recuperation of the global economy, said International Energy Agency in its forecast.
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OPEC May Not Raise Output in September, Algeria SaysTuesday, 30 June 2009 OPEC, the supplier of about 40 percent of the world’s oil, is unlikely to raise output at the group’s next meeting in September because the market is “oversupplied,”...
Read More.. | Aker Solutions, Aibel, Samsung consortium not pre-qualified for Goliat EPC tenderTuesday, 30 June 2009 Eni Norge AS has declined the proposed Aker Solutions, Aibel, Samsung Heavy Industries consortium to participate in the tendering process for the Goliat FPSO. Aker Solutions is of the opinion that...
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Iraq over optimistic on oil, output to fall -IEATuesday, 30 June 2009 Iraqi plans to raise oil output to 6 million barrels per day (bpd) by 2017 are likely to be over optimistic, the International Energy Agency said on Monday, saying oil capacity could fall over the...
Read More.. | Central bankers urge move from stimulus to reform Tuesday, 30 June 2009 The Bank for International Settlements urged governments Monday to move away from "staggering" stimulus packages as the global economy stabilizes and focus instead on reforming the...
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