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)

Friday, July 3, 2009

About Today: How to Make Your Own Fireworks

About.com    Today
In the Spotlight | More Topics |
  from Jen Hubley
It's almost the Fourth of July here in the US, which means many things to many people. For most of us, it's a chance to wave our flag and watch a parade and eat a bunch of BBQ. For those of us who live in states where it's legal, it's an opportunity to light up the sky with fireworks.

 
In the Spotlight
How to Make Your Own Fireworks
I know about nine people who will be totally excited about this piece. None of them are children, which is good, as these projects shouldn't be untaken without supervision. (The bad news? Most of my firecracker-loving pals could probably also use supervision.)

 
           More Topics
How to Use Fireworks Safely
Secretly, I'm scared of all things flammable and loud, so I'm perfectly safe from firework disasters. If you're braver than I am, you should read this. It's part of my "All Fun, No Hurties" approach to the holiday.

 
Keeping Your Pets Safe From Fireworks
My friend Kate had a dog who was so afraid of fireworks, he'd crawl up on your lap and cower during every display. This would have been fine, except that he was an Australian Shepherd and weighed 80 pounds. Oof.

 
 
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Cats Photo Quiz
Boy Cat or Girl -- Can You Figure it Out?
Think you can tell a boy cat from a girl cat just by looking at a photo? It may not be as easy as you think: even gender-based color patterns can be misleading. Click here to take the quiz.

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Thursday, July 2, 2009

Daily Newsletter , Friday, July 03, 2009

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First new building orders from Hellenic shipping interests arrive: A sign of improved optimism?

Friday, 03 July 2009

article thumbnailAfter more than eight months of virtually no new building activity, latest reports from local ship brokers indicate that the first order from a Hellenic shipping company for an ocean-going vessel has been reportedly submitted. According to the latest newbuilding report by G.Moundreas & Co.,...
Read More

China Iron Ore Demand to Boost Shipping, Morgan Stanley Says

Friday, 03 July 2009

article thumbnailChinese iron ore usage will boost demand for shipping as imports of the steelmaking raw material will remain cheaper than domestic output, Morgan Stanley said. “We believe Chinese iron ore demand will put incremental pressure on the seaborne market,
Read More

OPEC Secretary General: We didnt Want to Rock the Boat

Friday, 03 July 2009

article thumbnailOPEC is optimistic that the production policies its Member Countries signed up to in September 2008 to counteract the effects of the global financial crisis will continue to fuel a positive reaction in the international oil market. OPEC has been working with impressive results to remove a total of...
Read More

"HELLENIC SHIPPING NEWS'" POLL
   Shipping Economics
Live Hellenic Shipping Stocks
Live International Shipping Stocks
Imarex Estimates
Hellenic Shipbrokers Association
Shipbrokers Reports
Demolition Reports
TCE Calculator for Tanker Vessels
Bunker Prices Worldwide
  & Bunker Suppliers Global Directory
Live Currencies Rates
  & Online Currency Converter
Live Commodity Trade Markets
Live World Stock Markets
Real-Time Marine Weather Conditions
Live Interactive Ships Traffic Worldwide Map
Live Piracy Map
   Live Ships Traffic Worldwide Map
    Live Piracy Map
Baltic Dry Index: Hype over China leading recovery

Friday, 03 July 2009

article thumbnailThe Baltic Dry Index, which measures the freight rates for dry cargo traveling by ship, hit an all time high of 11,793 on May 5, 2008. Then it plunged to 663 on December 5, a decline of 94.4...
Read More..

Sembcorp Marine's Jurong Shipyard Secures a Second Rig Order from SeaDragon Offshore

Friday, 03 July 2009

article thumbnailJurong Shipyard (“Jurong”), a wholly-owned subsidiary of Sembcorp Marine, has secured a second SeaDragon rig order from Oban B Limited (“Oban B””)
Read More..

Maersk Tankers sees pick-up in M&A

Friday, 03 July 2009

article thumbnailMaersk Tankers, the largest product tanker group, expects merger and acquisition activity to pick up at the expense of commercial pools, allowing shippers to cut costs and boost vessel usage, the...
Read More..

India: SAIL, RINL seeks government's green signal to hire ships

Friday, 03 July 2009

article thumbnailSteel PSUs SAIL and RINL have sought the government's permission to make their own shipping arrangements to import raw materials.
Read More..

Bender Shipbuilding now in Chapter 11 bankruptcy

Friday, 03 July 2009

article thumbnailThe U.S. Bankruptcy Court for the Southern District of Alabama yesterday granted a motion by Bender Shipbuilding and Repair to convert the involuntary Chapter 7 bankruptcy filing initiated by three...
Read More..

Grindrod: Low shipping volumes to sink profit

Friday, 03 July 2009

article thumbnailAfrica's biggest shipping firm, Grindrod, expects to report a decline of up to 60 percent in first-half headline earnings a share as the global economic slowdown hit shipping volumes and rates.
Read More..

Shipments Index Grows for Second Straight Month

Friday, 03 July 2009

article thumbnailThe Cass Freight Index of domestic U.S. shipping fell 20 percent in June compared to the last year, but the closely-watched measure also showed signs of expansion with the second straight advance in...
Read More..

Evergreen shipping moves base from Keelung to Taipei Harbor

Friday, 03 July 2009

article thumbnailEvergreen Marine Corp. has recently shifted its base of operations from Keelung Harbor to the newly-inaugurated Taipei Port Container Terminal.
Read More..

S.Korean shipyards to share Petrobras deals-STX

Friday, 03 July 2009

article thumbnailShipbuilding and shipping conglomerate STX on Thursday said it expected top South Korean shipyards to jointly win offshore project orders from Brazil's Petrobras, a major opportunity for the...
Read More..

EPA Proposes Vessel Emission Standards

Friday, 03 July 2009

article thumbnailThe Environmental Protection Agency announced tough new air emission standards that will affect ocean vessels. The new standard will align the U.S. with Annex VI of the International Maritime...
Read More..

Trade distortions hit wealthy states hardest-WTO

Friday, 03 July 2009

article thumbnailGovernments are unfairly blocking trade in response to the global downturn, pinching auto and steel exports and hurting wealthy economies most, the head of the World Trade Organisation said on...
Read More..

China's Lianyungang to build an international port

Friday, 03 July 2009

article thumbnailLianyungang, a northern port city in Jiangsu province, is racing to build an international port after winning State approval to construct a 300,000-dwt (deadweight ton) deepwater channel.
Read More..

Asian LNG Spot Trade May Shrink 73% This Year, Repsol Says

Friday, 03 July 2009

article thumbnailShipments of liquefied natural gas to Asia from the Atlantic Ocean area may shrink by about 73 percent this year as Japan and South Korea, the world's biggest buyers, cut imports, said an official...
Read More..

EU steel demand fell 43% in H1 2009, market bottom close: Eurofer

Friday, 03 July 2009

article thumbnailEuropean steelmakers' lobby Eurofer said Thursday that apparent steel consumption in Europe had fallen 43% year on year in the first half of 2009,
Read More..

Beijing buckles in iron ore price battle

Friday, 03 July 2009

article thumbnailAustralia's iron ore miners have won their long-running battle with China's government-owned steel producers after the China Iron & Steel Association backed down from its tough position on price...
Read More..

Baosteel seen raising Aug prices as market improves

Friday, 03 July 2009

article thumbnailChina's Baosteel is expected to raise August prices for key steel products by about 5 percent versus the July tags, trade sources close to the company said on Thursday,
Read More..

India: Steel companies may hike prices by 5% in July

Friday, 03 July 2009

article thumbnailSteel prices could go up by 2-5% in July, with large steel producers such as SAIL, Ispat and Jindal Steel contemplating price hikes. Prices are likely to go up in the range of Rs 500-1,000 per tonne...
Read More..

China aims to settle iron ore price this month

Friday, 03 July 2009

article thumbnailChinese steelmakers, the world's biggest, aim to conclude annual contract iron ore talks by the end of this month and may consider trimming their price cut demands, a company executive said.
Read More..

Natural gas stockpiles rise on weak demand

Friday, 03 July 2009

article thumbnailNatural gas inventory levels rose last week, the government said Thursday, with demand from major industrial customers still weak.
Read More..

Crude Oil may trade $65-75 range till September

Friday, 03 July 2009

article thumbnailWith oil prices lingering above $69 a barrel on Thursday in Asia ahead of the release of a key U.S.unemployment figure, the commodity looks set to trade in $65 to $75 range from July to September
Read More..

Barclays Raises U.S. Oil Forecast 15% on Fundamentals

Friday, 03 July 2009

article thumbnailBarclays Plc raised its third-quarter forecast for West Texas Intermediate crude oil by 14.5 percent from an estimate in June, citing expectations for fundamentals in commodity markets to return to...
Read More..

Angola to abide by OPEC production cuts: minister

Friday, 03 July 2009

article thumbnailAngola will respect the production cuts set by the Organization of Petroleum Exporting Countries (OPEC), economy minister Manuel Nunes Junior said on Thursday.
Read More..

ECB Keeps Rate Steady as New Tools Used to Stem Slump

Friday, 03 July 2009

article thumbnailThe European Central Bank kept interest rates steady as it rolls out new tools to battle the worst recession since World War II. ECB officials meeting in Luxembourg today held the benchmark rate at...
Read More..

Eurozone unemployment hits 10-year high of 9.5 pct

Friday, 03 July 2009

article thumbnailThe unemployment rate in the 16 countries using the euro climbed to a 10-year high of 9.5 percent in May, according to official EU data released on Thursday.
Read More..

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First new building orders from Hellenic shipping interests arrive: A sign of improved optimism?

Friday, 03 July 2009

article thumbnailAfter more than eight months of virtually no new building activity, latest reports from local ship brokers indicate that the first order from a Hellenic shipping company for an ocean-going vessel has been reportedly submitted. According to the latest newbuilding report by G.Moundreas & Co.,...
Read More

China Iron Ore Demand to Boost Shipping, Morgan Stanley Says

Friday, 03 July 2009

article thumbnailChinese iron ore usage will boost demand for shipping as imports of the steelmaking raw material will remain cheaper than domestic output, Morgan Stanley said. “We believe Chinese iron ore demand will put incremental pressure on the seaborne market,
Read More

OPEC Secretary General: We didnt Want to Rock the Boat

Friday, 03 July 2009

article thumbnailOPEC is optimistic that the production policies its Member Countries signed up to in September 2008 to counteract the effects of the global financial crisis will continue to fuel a positive reaction in the international oil market. OPEC has been working with impressive results to remove a total of...
Read More

"HELLENIC SHIPPING NEWS'" POLL
   Shipping Economics
Live Hellenic Shipping Stocks
Live International Shipping Stocks
Imarex Estimates
Hellenic Shipbrokers Association
Shipbrokers Reports
Demolition Reports
TCE Calculator for Tanker Vessels
Bunker Prices Worldwide
  & Bunker Suppliers Global Directory
Live Currencies Rates
  & Online Currency Converter
Live Commodity Trade Markets
Live World Stock Markets
Real-Time Marine Weather Conditions
Live Interactive Ships Traffic Worldwide Map
Live Piracy Map
   Live Ships Traffic Worldwide Map
    Live Piracy Map
Baltic Dry Index: Hype over China leading recovery

Friday, 03 July 2009

article thumbnailThe Baltic Dry Index, which measures the freight rates for dry cargo traveling by ship, hit an all time high of 11,793 on May 5, 2008. Then it plunged to 663 on December 5, a decline of 94.4...
Read More..

Sembcorp Marine's Jurong Shipyard Secures a Second Rig Order from SeaDragon Offshore

Friday, 03 July 2009

article thumbnailJurong Shipyard (“Jurong”), a wholly-owned subsidiary of Sembcorp Marine, has secured a second SeaDragon rig order from Oban B Limited (“Oban B””)
Read More..

Maersk Tankers sees pick-up in M&A

Friday, 03 July 2009

article thumbnailMaersk Tankers, the largest product tanker group, expects merger and acquisition activity to pick up at the expense of commercial pools, allowing shippers to cut costs and boost vessel usage, the...
Read More..

India: SAIL, RINL seeks government's green signal to hire ships

Friday, 03 July 2009

article thumbnailSteel PSUs SAIL and RINL have sought the government's permission to make their own shipping arrangements to import raw materials.
Read More..

Bender Shipbuilding now in Chapter 11 bankruptcy

Friday, 03 July 2009

article thumbnailThe U.S. Bankruptcy Court for the Southern District of Alabama yesterday granted a motion by Bender Shipbuilding and Repair to convert the involuntary Chapter 7 bankruptcy filing initiated by three...
Read More..

Grindrod: Low shipping volumes to sink profit

Friday, 03 July 2009

article thumbnailAfrica's biggest shipping firm, Grindrod, expects to report a decline of up to 60 percent in first-half headline earnings a share as the global economic slowdown hit shipping volumes and rates.
Read More..

Shipments Index Grows for Second Straight Month

Friday, 03 July 2009

article thumbnailThe Cass Freight Index of domestic U.S. shipping fell 20 percent in June compared to the last year, but the closely-watched measure also showed signs of expansion with the second straight advance in...
Read More..

Evergreen shipping moves base from Keelung to Taipei Harbor

Friday, 03 July 2009

article thumbnailEvergreen Marine Corp. has recently shifted its base of operations from Keelung Harbor to the newly-inaugurated Taipei Port Container Terminal.
Read More..

S.Korean shipyards to share Petrobras deals-STX

Friday, 03 July 2009

article thumbnailShipbuilding and shipping conglomerate STX on Thursday said it expected top South Korean shipyards to jointly win offshore project orders from Brazil's Petrobras, a major opportunity for the...
Read More..

EPA Proposes Vessel Emission Standards

Friday, 03 July 2009

article thumbnailThe Environmental Protection Agency announced tough new air emission standards that will affect ocean vessels. The new standard will align the U.S. with Annex VI of the International Maritime...
Read More..

Trade distortions hit wealthy states hardest-WTO

Friday, 03 July 2009

article thumbnailGovernments are unfairly blocking trade in response to the global downturn, pinching auto and steel exports and hurting wealthy economies most, the head of the World Trade Organisation said on...
Read More..

China's Lianyungang to build an international port

Friday, 03 July 2009

article thumbnailLianyungang, a northern port city in Jiangsu province, is racing to build an international port after winning State approval to construct a 300,000-dwt (deadweight ton) deepwater channel.
Read More..

Asian LNG Spot Trade May Shrink 73% This Year, Repsol Says

Friday, 03 July 2009

article thumbnailShipments of liquefied natural gas to Asia from the Atlantic Ocean area may shrink by about 73 percent this year as Japan and South Korea, the world's biggest buyers, cut imports, said an official...
Read More..

EU steel demand fell 43% in H1 2009, market bottom close: Eurofer

Friday, 03 July 2009

article thumbnailEuropean steelmakers' lobby Eurofer said Thursday that apparent steel consumption in Europe had fallen 43% year on year in the first half of 2009,
Read More..

Beijing buckles in iron ore price battle

Friday, 03 July 2009

article thumbnailAustralia's iron ore miners have won their long-running battle with China's government-owned steel producers after the China Iron & Steel Association backed down from its tough position on price...
Read More..

Baosteel seen raising Aug prices as market improves

Friday, 03 July 2009

article thumbnailChina's Baosteel is expected to raise August prices for key steel products by about 5 percent versus the July tags, trade sources close to the company said on Thursday,
Read More..

India: Steel companies may hike prices by 5% in July

Friday, 03 July 2009

article thumbnailSteel prices could go up by 2-5% in July, with large steel producers such as SAIL, Ispat and Jindal Steel contemplating price hikes. Prices are likely to go up in the range of Rs 500-1,000 per tonne...
Read More..

China aims to settle iron ore price this month

Friday, 03 July 2009

article thumbnailChinese steelmakers, the world's biggest, aim to conclude annual contract iron ore talks by the end of this month and may consider trimming their price cut demands, a company executive said.
Read More..

Natural gas stockpiles rise on weak demand

Friday, 03 July 2009

article thumbnailNatural gas inventory levels rose last week, the government said Thursday, with demand from major industrial customers still weak.
Read More..

Crude Oil may trade $65-75 range till September

Friday, 03 July 2009

article thumbnailWith oil prices lingering above $69 a barrel on Thursday in Asia ahead of the release of a key U.S.unemployment figure, the commodity looks set to trade in $65 to $75 range from July to September
Read More..

Barclays Raises U.S. Oil Forecast 15% on Fundamentals

Friday, 03 July 2009

article thumbnailBarclays Plc raised its third-quarter forecast for West Texas Intermediate crude oil by 14.5 percent from an estimate in June, citing expectations for fundamentals in commodity markets to return to...
Read More..

Angola to abide by OPEC production cuts: minister

Friday, 03 July 2009

article thumbnailAngola will respect the production cuts set by the Organization of Petroleum Exporting Countries (OPEC), economy minister Manuel Nunes Junior said on Thursday.
Read More..

ECB Keeps Rate Steady as New Tools Used to Stem Slump

Friday, 03 July 2009

article thumbnailThe European Central Bank kept interest rates steady as it rolls out new tools to battle the worst recession since World War II. ECB officials meeting in Luxembourg today held the benchmark rate at...
Read More..

Eurozone unemployment hits 10-year high of 9.5 pct

Friday, 03 July 2009

article thumbnailThe unemployment rate in the 16 countries using the euro climbed to a 10-year high of 9.5 percent in May, according to official EU data released on Thursday.
Read More..

Subscribe | Unsubscribe

About Today: Get Cash for Clunkers

About.com    Today
In the Spotlight | More Topics |
  from Jen Hubley
I drove my first car until the wheels came off - literally. A wheel actually fell off, while I was driving on the highway. In retrospect, I probably should have paid more attention to that hideous grinding metal noise I'd been hearing for some months.

 
In the Spotlight
How to Get Cash for Clunkers
There's been a lot of talk about CARS (Car Allowance Rebate System.) One thing most people don't realize is that you're not eligible if your car isn't drivable. So your old gas guzzler that still drives? Good for the program. My wheel-less wonder? Not so much.

 
           More Topics
How to Donate Your Car to Charity
But let's just say your clunker isn't drivable. How can you get rid of the beast? Donate it to charity. Just make sure you're honest about the condition of the car.

 
How to Keep Your Car Running Forever
Or at least for 150,000 miles. My first tip to you is to get those creepy metal fatigue noises checked out before the wheels come off. You're welcome.

 
 
Sponsored Links
 
Cats Photo Quiz
Boy Cat or Girl -- Can You Figure it Out?
Think you can tell a boy cat from a girl cat just by looking at a photo? It may not be as easy as you think: even gender-based color patterns can be misleading. Click here to take the quiz.

Today Ads
Advertisement
 
 
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Citysearch Cities & Towns Computing & Technology Education
Food & Drink Health & Fitness History
Hobbies & Games Homework Help House & Home
Industry & Business Magazines Money
News & Issues Parenting & Family People & Relationships
Religion & Spirituality Shopping & Style Small Business
Sports Teens Travel
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Maritime Today E-news

Maritime Today
Maritime Today is brought to you this Thursday, July 02, 2009 by Maritime Reporter and Engineering News, the worlds most recognized and trusted monthly publication serving the international maritime community.
Lates Maritime Reporter Issue Letter
LATEST NEWS & BRIEFS
Posted 07/02/09 at 10:14 AM
Inmarsat has confirmed that its new FleetBroadband 150 (FB150) service is now live and passing commercial voice and data traffic on the network. According to Piers Cunningham, Director of Maritime Business for Inmarsat, FB150 was designed specifically to handle broadband IP data, as well as high-quality voice and SMS...
Posted 07/02/09 at 10:10 AM
Nor-Shipping 2009 was the largest in the events history, dating back to 1967. 1105 exhibitors from 52 countries participated. By comparison, Nor-Shipping 2007, which took place in the midst of a market boom, had 830 exhibitors from 42 countries...
Posted 07/02/09 at 10:07 AM
More than two dozen Sea Scouts were rescued by the Coast Guard this week after their boat began taking on water in the Sacramento-San Joaquin Delta near Concord, authorities said. According to Petty Officer Levi Read, the crew of the 85-ft...
Posted 07/02/09 at 10:05 AM
Though it has sustained economic growth for the past ten years, Chinas shipbuilding industry suffered in 2008. The nation contracted 48.3% fewer ships in the first half of the year as compared to 2007. Carrying capacity was down by about 45%, and Chinas total market share in the shipbuilding industry dropped to 33.7%.
Posted 07/02/09 at 10:05 AM
According to a report on UPI, South Korean ship builders have been hit hard by the global economic slowdown as new orders plunged in the first half of 2009. Yonhap reports that South Koreas three major shipyards received combined orders of only $1...
Posted 07/02/09 at 10:03 AM
Aker Solutions has opened a new, expanded manufacturing facility for surface trees and wellheads in Batam, Indonesia. The expansion is part of Aker Solutions' strategy to increase its presence in the Asia Pacific oil and gas markets...
Posted 07/02/09 at 10:02 AM
At the end of June, Sealink Slipways at Miri delivered a 53.8-by-13.8-m Offshore and Support Vessel to Rederij Groen B.V. of the Netherlands. Unlike Sealinks Venture G, the new Maria G is powered by a pair of Cummins KTA50-M2 mains and uses three Cummins QSM11DM-powered 245 kW generators...
Posted 07/02/09 at 10:01 AM
Karl Erik Kjelstad has been appointed executive vice president and member of the executive management team at Aker Solutions. Kjelstad will lead the development of the strategic initiative related to oilfield services and the company's fleet of marine vessels...
Posted 07/02/09 at 09:58 AM
The British Royal Navy-led EU NAVFOR, the European Unions first naval task force assembled to protect international shipping in the waters off Somalia, has partnered with IT service company Polymorph to develop a collaboration tool for its vessels...
Posted 07/02/09 at 09:57 AM
Bradford Grand Bahama, Ltd. (Bradford Marine Bahamas), a member of the Bradford Marine family of companies, has announced that a 241-ft. Amels-built vessel was the first super-yacht to refuel at its new 1,200-ft...
Posted 07/02/09 at 09:56 AM
BAE Systems Norfolk Ship Repair, Norfolk, Va., is being awarded a $8,685,509 firm-fixed-price contract for a 55-calendar-day regular overhaul of Military Sealift Command's fast combat support ship USNS Arctic (T-AOE 8)...
Posted 07/02/09 at 09:54 AM
The Pennsylvania State University Electro-Optics Center, Freeport, Pa., is being awarded an $11,488,791 cost-plus-fixed fee contract for research, design, development, and delivery of sub-systems for use in the next generation radars and the Common Data Sensor Architecture (CDSA) Program...
Posted 07/02/09 at 09:53 AM
BAE Systems Norfolk Ship Repair, Norfolk, Va., is being awarded a $11,717,122 modification to previously awarded contract (N00024-05-C-4403) for repairs of the USS Iwo Jima (LHD-7). The following work items will be accomplished on the ship: replace sewage discharge pumps; install scullery steam condensate drain piping; replace fire retardant plywood...
Posted 07/02/09 at 09:52 AM
Oceaneering International Inc., Chesapeake, Va., is being awarded an $11,984,265 firm-fixed-price contract for the Landing Craft Air Cushion (LCAC) service life extension program (SLEP) for the LCACs 30 and 56...
Posted 07/02/09 at 09:48 AM
Lockheed Martin Maritime Systems and Sensors, Moorestown, N.J., is being awarded a $44,910,868 cost-plus award/fixed-fee contract for combat systems engineering. The grant will support the government of Australia under the Foreign Military Sales Program - Case AT-P-LCQ after it selected the Navy/Lockheed Martin Aegis Combat System for its Australian...
Posted 07/02/09 at 09:42 AM
DynCorp International LLC, Fort Worth, Texas, is being awarded a$45,649,330 modification to previously awarded cost-plus-award-fee contract (N62742-08-C-1115) to exercise the second option period to provide support services for Philippines Operations Support in the Republic of the Philippines for the Joint Special Operations Task Force Philippines...
Posted 07/02/09 at 09:41 AM
General Atomics, San Diego, Calif., is being awarded a $573,000,000 ceiling priced, undefinitized contract action for the production of the Electromagnetic Aircraft Launch System (EMALS) CVN 78 Shipset...
Posted 07/02/09 at 09:39 AM
ShipConstructor Software Inc. (SSI), in conjunction with two universities, eight shipyards and five design firms, has created comprehensive college-level materials for the instruction of modern shipbuilding, design and modeling...
Posted 07/02/09 at 09:38 AM
According to a recent Reuters report, the Singapore government will take over development of its first $1 billion liquefied natural gas (LNG) terminal from a consortium to avoid more delays due to the credit crunch...
Posted 07/02/09 at 09:36 AM
Technical consultant Wavespec has opened a U.S. office in Houston, Texas. We have chosen Houston for our U.S. office because it is the center of the oil and gas industry in the States, as well as the offshore industry, said Geoff Green, Managing Director of Wavespec...
Posted 07/02/09 at 09:35 AM
Crowley tugboats used for ship assistance and escort operations in the Port of Los Angeles have begun using newly-installed shore-side electrical power when not on the job in an effort to cut fuel consumption and reduce carbon dioxide emissions...
Posted 07/02/09 at 09:31 AM
Inmarsat has presented the type approval certificate for SAILOR 150 FleetBroadband to Thrane Thrane during the satcom equipment manufacturer's Global Partner Conference, held in Copenhagen in June. SAILOR 150 FleetBroadband will be offered as part of Inmarsat's FleetBroadband service, which is aimed at professional single user applications such...
Posted 07/01/09 at 01:38 PM
Bender Shipbuilding Repair Co. agreed to seek protection from its creditors, filing a Chapter 11 bankruptcy petition to reorganize.The company announced in a prepared statement that it intended to cut its workforce to about 300 to keep operations, including a ship repair job, running...
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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...
Read More

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...
Read More

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...
Read More

"HELLENIC SHIPPING NEWS'" POLL
   Shipping Economics
Live Hellenic Shipping Stocks
Live International Shipping Stocks
Imarex Estimates
Hellenic Shipbrokers Association
Shipbrokers Reports
Demolition Reports
TCE Calculator for Tanker Vessels
Bunker Prices Worldwide
  & Bunker Suppliers Global Directory
Live Currencies Rates
  & Online Currency Converter
Live Commodity Trade Markets
Live World Stock Markets
Real-Time Marine Weather Conditions
Live Interactive Ships Traffic Worldwide Map
Live Piracy Map
   Live Ships Traffic Worldwide Map
    Live Piracy Map
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,...
Read More..

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...
Read More..

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...
Read More..

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...
Read More..

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,
Read More..

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.
Read More..

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...
Read More..

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...
Read More..

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.
Read More..

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.
Read More..

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...
Read More..

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...
Read More..

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,
Read More..

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...
Read More..

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. 
Read More..

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...
Read More..

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,...
Read More..

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.
Read More..

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...
Read More..

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...
Read More..

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.
Read More..

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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...
Read More

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...
Read More

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...
Read More

"HELLENIC SHIPPING NEWS'" POLL
   Shipping Economics
Live Hellenic Shipping Stocks
Live International Shipping Stocks
Imarex Estimates
Hellenic Shipbrokers Association
Shipbrokers Reports
Demolition Reports
TCE Calculator for Tanker Vessels
Bunker Prices Worldwide
  & Bunker Suppliers Global Directory
Live Currencies Rates
  & Online Currency Converter
Live Commodity Trade Markets
Live World Stock Markets
Real-Time Marine Weather Conditions
Live Interactive Ships Traffic Worldwide Map
Live Piracy Map
   Live Ships Traffic Worldwide Map
    Live Piracy Map
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,...
Read More..

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...
Read More..

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...
Read More..

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...
Read More..

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,
Read More..

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.
Read More..

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...
Read More..

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...
Read More..

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.
Read More..

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.
Read More..

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...
Read More..

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...
Read More..

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,
Read More..

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...
Read More..

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. 
Read More..

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...
Read More..

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,...
Read More..

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.
Read More..

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...
Read More..

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...
Read More..

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.
Read More..

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