Overseas exporters chartering foreign vessels to supply goods to India will have to pay a service tax on freight from Sunday, a government notification said.It will be the same as the 4.5 percent service tax that India currently levies on free-on-board (FOB) cargoes…
The port of Antwerp handled over the past year 214 057 529 tons of goods. Which is 2.7 more than the previous year. Container volume up 4.1%: At 4.1% the growth in container volume is even more pronounced: after 12 months the figure stood at 117…
A new record has been set for the number of containers transported to the Container Terminal at Frihamnen. Almost 54,000 containers have been transported by sea directly to the strongest growing capital city region in Europe and Sweden's largest consumer market…
The dry bulk market’s strong end to 2016 is unlikely to last long into 2017, according to the latest research from Maritime Strategies International. In its latest quarterly dry bulk market report*, MSI predicts a depressed year for rates in 2017…
Oman Shipping Company (OSC) has announced that its subsidiary, Oman Charter Company (OCC), has entered into a contract of affreightment (COA) agreement with Shell International Eastern Trading Company (Shell) for three years. The contract…
Transnet National Ports Authority’s (TNPA) six-berth reconstruction project at the Maydon Wharf Precinct in the Port of Durban has reached another milestone with Berth 13 and 14 now deeper and safer for bigger ships calling at the port.Transnet…
KPI Bridge Oil has promoted Mark Perrins, a senior trader in the London office, to the position of Trading Manager.Perrins joined KPI Bridge Oil Ltd as a Bunker & Lubricant Trader in 2009 and was later promoted to Team Leader in 2012. Prior…
Diana Shipping has signed a time charter agreement with Koch Shipping Pte. Ltd, Singapore, for one of its newcastlemax dry bulk vessels. Under the agreement, Koch will employ the 208,500 dwt newbuilding, to be named San Francisco, for a gross charter rate of $11…
South Korean major shipbuilder Samsung Heavy Industries Co is aiming to clinch orders worth more than US$6 billion this year, South Korea's Yonhap news agency reported the company's head as saying. Park Dae-young, president and CEO of the shipbuilder…
Following a recent roundtable with Rowland Raikes, Medical Rescue International, Markus McMillin, Claims Executive at UK P&I Club, discusses the varying circumstances surrounding medical repatriation of seafarers, and the related challenges and associated costs…
The Port of Singapore sustained its performance in 2016, amidst weaker-than-expected global economic conditions and significant structural changes in the maritime industry. Annual vessel arrival tonnage increased by 6.3 per cent in 2016 compared to 2015…
International transport and logistics executives are increasingly benchmarking their companies’ costs and supplier terms in ocean transport contracts, according to data gathered by Drewry Supply Chain Advisors. In the past 6 months, the…
Slowed by industry headwinds and challenges that included major customer Hanjin declaring bankruptcy, the Port of Long Beach said it moved almost 6.8 million containers in 2016, its fifth best year ever. Overall cargo declined 5.8 percent in 2016 compared to 2015…
Xeneta, a global benchmarking and market intelligence platform for containerized ocean freight, is forecasting further uncertainty for the global container shipping market in 2017. Although rates have risen significantly from the historic lows of early 2016…
India's Shipping Minister of State Mansukh Mandaviya inaugurated the state- of -the -art exhibition display of Sagarmala, Ministry of Shipping at Vibrant Gujarat Global Investors Summit, 2017, yesterday (Jan 11). Gujarat has been at the forefront of the maritime development in India…