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Thu06202013

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Drewry's Tanker Insight: Short Term Strength for VLCCs

Drewry's Tanker Insight: Short Term Strength for VLCCs

Drewry's latest Tanker Insight reports that freight rates in most vessel categories remained on the softer side during the month due to weakness in chartering activity in the major loading regions barring Arabian Gulf. The same was reflected in the Drewry Tanker Earnings Index that declined 31% during the month to 31.2.

Despite this, the ...

Read more: Drewry's Tanker Insight:...

LR issues guide as an overview of the shipbuilding and ship design industry in South Asia

test/Lloyds_Register_Guide_New_Construction_in_SA.jpg Lloyd's Register has issued the first Guide to New Construction in South Asia.

The Guide provides an overview of the shipbuilding and ship design industry in the area ( Bangladesh, India, Indonesia, Malaysia, the Philippines, Singapore, Sri Lanka, Thailand and Vietnam).

With shipbuilding in South Asia growing - in numbers of ships, in capacity and...

Read more: LR issues guide as an...

BIMCO Board of Directors meet in Paris

 

BIMCO Board of Directors meet in ParisThe Board of Directors (BoD) met on Monday 27 May following the preceding day's brief Executive Committee (EC) Meeting.

This was the first assembly of the entire BOD since the Singapore General Meeting and a broad agenda had been prepared for its consideration.

Mr. Yudhishthir Khatau, President of BIMCO, chaired the Meeting of the BOD. As is...

Read more: BIMCO Board of Directors...

Maersk Line, MSC and CMA CGM to establish an operational alliance

Maersk Line, MSC and CMA CGM to establish an operational alliance Maersk Line, MSC Mediterranean Shipping Company S.A. and CMA CGM have in principle agreed to establish a long-term operational alliance on East - West trades, called the P3 Network. The aim is to improve and optimise operations and service offerings.

The P3 Network will operate a capacity of 2.6 million TEU (initially 255 vessels on 29 loops) on...

Read more: Maersk Line, MSC and CMA CGM...

Ningbo Port joins hands with Maersk

 

Ningbo Port joins hands with Maersk

China's Ningbo Port Co. Ltd will join hands with Denmark's giant port operator A.P. Moller-Maersk to expand the third-biggest port in China with a total investment of 4.29 billion yuan ($673.4 million), the Chinese companies said in filing to the Shanghai Stock Exchange.

Ningbo Port Group and APM Terminals and A.P. Moller-Maersk will set up a...

Read more: Ningbo Port joins hands with...

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