Category archives for: Shipping News

Atlantic Panamax Freight Rates on the Rise

Atlantic Panamax Freight Rates on the Rise

An improved sentiment prevails in trans-Atlantic Panamax freight rates as demand tightens for tonnage capacity.   Several routes saw freight rise, according to Platts’ data, those being Virginia-Rotterdam coal route (improved to $9.25/mt on Friday, up from $9/mt), Alabama-Rotterdam coal route,  also increased and was assessed at $12.75/mt, up from $12.5/mt, Baltic-UK Continent runs with […]

Port of Colombo Upgrade in Full Swing

Port of Colombo Upgrade in Full Swing

The Sri Lanka Government has identified Colombo Port Expansion Project (CPEP) as a way to cater to the increasing demand for services in the international shipping industry.   The project consists of two phases, the first being harbour infrastructure works such as construction of breakwaters, dredging for new harbour basin and navigation channel and rerouting […]

Corpus Christi’s June Stats Up

Corpus Christi’s June Stats Up

The Port of Corpus Christi has reported that their statistics for June, 2014 show the continuing upward trend of outbound shipments.   Measured in barrels per day (b/d), crude and condensate is up at 551,934 b/d in June of 2014 compared to 341,824 b/d for June of 2013. June shipments also rose 5% month on month, […]

Interview: Sohar’s Expansion Goes Full Steam Ahead

Interview: Sohar’s Expansion Goes Full Steam Ahead

SOHAR Port and Freezone, a deep-sea port and the adjacent free zone, located in Sohar, Oman, is undergoing a major expansion and has set very ambitious goals on a global scale, all with the goal of attracting major shipping players to the port.   The Port has invested USD 15 billion in building up its infrastructure […]

Raytheon to Launch ShipGuard at SMM, Hamburg

Raytheon to Launch ShipGuard at SMM, Hamburg

In view of an increasing demand for security of merchant ships and maritime trade, Raytheon Anschütz, a German-based manufacturer of Integrated Bridge Systems, has developed ShipGuard, a shipborne security solution. ShipGuard will be presented for the first time ever at SMM 2014 in Hamburg.   ShipGuard integrates the vessels existing navigation systems such as AIS […]

Star Bulk Welcomes First Green Capesize

Star Bulk Welcomes First Green Capesize

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, has taken delivery of M/V Peloreus, a 182,000 dwt Capesize built by Japan Marine United (JMU).   The vessel is the first of six similar vessels ordered at JMU, with expected deliveries until the 3rd quarter of 2015. Following […]

Readers’ Picks of the Week (July 21- 25, 2014)

Readers’ Picks of the Week (July 21- 25, 2014)

VIDEO: Float-On and Transport of Costa Concordia Onboard Dockwise Vanguard Following the successful parbuckling of Costa Concordia, and in anticipation of the pending refloat, Dockwise, a wholly-owned subsidiary …Read more Dockwise Vanguard to Transport Costa Concordia Wreck? Dockwise Vanguard may be the solution for the transportation of Costa Concordia wreck to the scrapyard, since the […]

Extra Tonnage in Demand

Extra Tonnage in Demand

Extra tonnage seems to be in demand pulling containerships from their idleness and bringing the idle fleet levels to a record low this week.   According to the latest figures from Lloyd’s List Intelligence,  the capacity of the inactive box fleet decreased to 216,396 teu this week, compared with 238,679 teu a week ago. In terms […]

Ardmore Secures Cash for Its Fleet Additions

Ardmore Secures Cash for Its Fleet Additions

Chemical tanker operator Ardmore Shipping Corporation announced that it has signed agreements to upsize its existing senior loan facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB.   The total amount available under the facility has been increased by $53 million to $225 million. The proceeds from the expanded […]

Taizhou Sanfu Bags Two Tanker Orders

Taizhou Sanfu Bags Two Tanker Orders

A Singaporean owner has placed an order for two 34,500 dwt chemical tankers with Chinese shipbuilder Taizhou Sanfu Shipbuilding, the builder announced.   The ships will feature a length of about 180m, breadth of 30 m and a design draft of 9.20 m. Further details on the order have not been revealed. The order intake […]

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