One of the Leading Marine Service Providers & Shipping Agency And Freight Forwarder. Established in 2002 at Port Said, Providing the following services at All Egyptians Ports:- Shipping Agency / Owner Representatives / Suez Canal Transit Shipping Agency Ship Suppliers / Ship Chandler / Vessel Catering Services & Repairer Petroleum Services / Offshore Supplying / Technical Assistance   Freight Forwarder Agents (From / To, Egypt)

Wednesday, July 1, 2009

Daily Newsletter , Thursday, July 02, 2009

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Paragon Shipping Inc. Announces New Two Year Charter Agreements for Calm Seas and Coral Seas

Thursday, 02 July 2009

article thumbnailParagon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced that it has entered into new two year time charter contracts for the Calm Seas and the Coral Seas. Both vessels have been forward fixed on period time charters for 23 to 26 months at a gross...
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Danaos Corporation Announces It Has Reached Agreement on Waiver Terms on All Its Credit Facilities

Thursday, 02 July 2009

article thumbnailDanaos Corporation announced yesterday that it has reached agreement with Aegean Baltic Bank acting as agent to its $700 million revolving credit facility with HSH Nordbank, Piraeus Bank and Aegean Baltic, its $60 million credit facility with HSH Nordbank and Dresdner Bank and its $148 million performance guarantee with HSH Nordbank on waiver...
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StealthGas Inc. Announces the Sale of the Gas Sophie, the Delivery of the Gas Exelero

Thursday, 02 July 2009

article thumbnailStealthGas Inc., a ship-owning company serving primarily the liquified petroleum gas (LPG) sector of the international shipping industry, announced yesterday that on June 10, 2009 it completed the sale of the Gas Sophie,a 1995 built 3,500 cbm LPG carrier, to an unaffiliated entity based in the Far...
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Significant change to Baltic Exchange Dry Index

Thursday, 02 July 2009

article thumbnailIn a move designed to help boost derivative trading, the Baltic Exchange will be implementing changes to the way in which the Baltic Exchange Dry Index (BDI) is calculated.  As of 1 July 2009,...
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EKO buys pair of tankers from Aegean Group

Thursday, 02 July 2009

article thumbnailAs part of its strategy to develop its island network, gas trading group EKO, a part of the Hellenic Petroleum SA group agreed to acquire to RO-RO tankers from Melissanidis Group, controller of...
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Ships moored on loch during slump

Thursday, 02 July 2009

article thumbnailFour redundant container ships have been moored in Loch Striven this week because of the fall in world trade. The Danish shipping company Maersk has decided to put the ships into what is called...
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McQuilling Services, LLC T a n k e r s No. 15 - Panama Canal

Thursday, 02 July 2009

article thumbnailLocated on a major isthmus in Central America, the Panama Canal is one of the most traversed artificial waterways in the world. It is on the narrowest landmass between the Atlantic and Pacific...
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Fearnleys Week 27 2009

Thursday, 02 July 2009

article thumbnailMore activity was in evidence in the VLCC market in the MEG, but owners were unsuccessful in exploiting this to push rate levels upwards. With the long 4th of July holiday in the U.S. approaching,
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USCG extends the deadline for Vessel Security Officer Refresher Course

Thursday, 02 July 2009

article thumbnail The previous deadline was 1 July 2009. Eligible mariners now have until 1 July 2011 to take this course.
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Vessel deliveries unabated despite overcapacity

Thursday, 02 July 2009

article thumbnailSeveral major container shipping lines have taken delivery of additional vessels that will only augment capacity to a global fleet. The capacity glut had, it may be recalled, forced some owners or...
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S. Korea's major shipyards suffer severe slump in new orders

Thursday, 02 July 2009

article thumbnailHyundai Heavy Industries Co., South Korea's leading shipbuilder, and its local rivals saw a major drop in orders in the first half of the year due to a protracted global economic slump, industry...
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Wilhelmsen Ships Service predicts upswing in demand for immersion suit servicing

Thursday, 02 July 2009

article thumbnailWilhelmsen Ships Service, a leading provider of immersion suit servicing, is predicting a sharp upswing in the demand for servicing this year as a result of regulatory changes made in 2006.
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India examining Shipping Corp stake sale, shares up

Thursday, 02 July 2009

article thumbnailIndia is looking at reviving an up to 15 percent stake sale plan in state-run Shipping Corp of India, a minister said on Wednesday, sending its shares up more than 7 percent.
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Bad times call for better ship safety checks

Thursday, 02 July 2009

article thumbnailTHE International Maritime Organization (IMO) has once again urged carriers not to compromise on ship safety as a way to deal with the current downturn. Addressing the IMO's technical cooperation...
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Eimskip's financial re-organisation

Thursday, 02 July 2009

article thumbnailEimskip proposes to create a new, financially strong shipping and logistics business and exit the cold storage business
. These proposals are subject to the consent of the financial creditors...
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Shipping lines return to piracy-prone route

Thursday, 02 July 2009

article thumbnailShipping lines have been forced to reverse their policy of re-routing from the piracy-prone routes to Cape of Good Hope amid high cost of bunker fuel. In February this year,
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New shipyard opens in Dalian

Thursday, 02 July 2009

article thumbnailA shipyard that has laid claim to be the largest in the world in terms of physical size began operation Wednesday at Changxing Island in Dalian, a coastal city in northeast China's Liaoning...
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More Hamworthy cargo systems ordered for Pertamina ships

Thursday, 02 July 2009

article thumbnailHamworthy is supplying cargo systems for six ships being built in China for the Indonesian state-owned oil and gas company, Pertamina: five products carriers and an LPG carrier.
Read More..

India: Six Shipping projects to be developed on PPP basis

Thursday, 02 July 2009

article thumbnailThe government on Wednesday said it would award six shipping projects worth Rs 3,319.14 crore, to be developed on the public-private-partnership (PPP) basis, in next 100 days. 
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Annual iron ore price-fixing cracks under pressure

Thursday, 02 July 2009

article thumbnailChina's Government still has plenty of levers at its disposal to influence economic growth, and the growing evidence that it has used them deftly to keep the Chinese economy on the rails strengthens...
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Rio, China Should Make Concessions in Ore Talks, Official Says

Thursday, 02 July 2009

article thumbnailRio Tinto Group, the world’s second- largest iron-ore producer, and Chinese steel mills should make concessions in contract price negotiations after the talks’ deadline passed yesterday,...
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India iron ore quotes up, strike causes delays

Thursday, 02 July 2009

article thumbnailIndia's iron ore quotes were higher on Wednesday, with supplies severely constrained by an ongoing strike in an eastern port and monsoon closure in the west, traders said on Wednesday.
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Unclear prospects for future shipments as China talks on iron ore pricing miss deadline

Thursday, 02 July 2009

article thumbnailPricing talks between Chinese steelmakers and global iron ore suppliers dragged on Wednesday after they failed to reach agreement by a June 30 deadline, reports and industry officials said.
Read More..

World mining outlook grim, costs eat profit-report

Thursday, 02 July 2009

article thumbnailShort-term prospects for global mining companies are bleak, as rising costs eat into profit margins already depressed by the recession, according to a report by PricewaterhouseCoopers (PwC).
Read More..

China to stop the storage, reservation of nonferrous metals due to excessive imports

Thursday, 02 July 2009

article thumbnail"At present, domestic and international metal markets are closely intertwined, and metal resources are flowing as prices fluctuate. Domestic prices are currently higher than international...
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South Korea's Crude-Oil Imports Drop for Second Month

Thursday, 02 July 2009

article thumbnailSouth Korea, Asia's third-largest oil buyer, imported less crude in June for a second month as refiners maintained reduced operating rates. Imports fell to 63.4 million barrels last month from 67.5...
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OPEC oil output rises slightly in June: survey

Thursday, 02 July 2009

article thumbnailOPEC oil supply rose in June as higher output from several members of the group offset cutbacks in Nigeria caused by militant attacks, a Reuters survey showed on Wednesday.
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