Association Business Marinenews Blogs

Not much to look forward to this year for oversupplied carriers

Posted to Far East Maritime (by Greg Knowler) on April 29, 2011

The first quarter results have been coming in over the last month and they are a mixed bag of good, bad and ugly. Good would be China’s Cosco Shipping, a subsidiary of the country’s largest shipping firm China Ocean Shipping (Group) Co, which announced a 150 percent increase in net profit.

A Temporary Change in Latitude – and Attitude

Posted to Global Maritime Analysis with Joseph Keefe (by Joseph Keefe) on April 20, 2011

Bonaire, Netherland Antilles: Day four of spring break finds me on the verandah of my laid back Bonaire resort, looking out over the pristine maritime landscape. This week, we returned here for holiday, three years after first discovering this island jewel back in April of 2008.

Rotterdam and Mumbai agree for mutual cooperation

Posted to Rotterdam and Mumbai agree to mutually cooperate (by Joseph Fonseca) on February 16, 2011

Yet another port has been positioned to serve as the European gateway for shipments to and from Mumbai. This time on 10 February the representatives of the city port of Rotterdam visited Mumbai and met those of the city port of Mumbai and resolved…

Carriers warn Vale's big bulkers will dampen rates

Posted to Far East Maritime (by Greg Knowler) on December 9, 2010

The dry bulk shipping business is going through a tough time. It is an incredible 80 percent down on the market peak in May 2008, and rates have led carrier operators on a wild and volatile ride ever since. The industry is currently oversupplied with bulk carriers…

Temasek Holdings from Singapore Investing in Brazil´s O&G Market

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on October 26, 2010

Negotiations to conclude the deal have been going on for five months and the final agreement has been drawn whereas Temasek bought 14.3 % of OOG for $400 million. OOG´s main interest in the partnership was to attract capital in order to increase…

Drill Ship Construction Boom in Brazil

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on September 14, 2010

Petrobras alone is responsible for ordering a total of 28 drill ships of which 9 have already gone through the tendering process and will soon start being built. Transocean is building 9 drill ships at international shipyards, including the Petrobras 10…

Irano Hind may weather US/EU ban

Posted to Irano Hind may weather US/EU ban (by Joseph Fonseca) on August 2, 2010

The sanctions imposed by the US and the European Union on Iran because of its nuclear ambitions are likely to see the Islamic Republic of Iran Shipping Lines and a number of entities with which it is associated becoming prime targets. For Irano…