News

London: His Excellency Dr. Jubarah Bin Eid Alsuraisry, Minister of Transport of Saudi Arabia (pictured left), today signed the Code of Conduct on the Suppression ... [full story]

Mumbai: Highly diversified Mumbai-based Essar Group, which is into steel, power, shipping, ports, logistics, refining, exploration and production, finance and telecommunications, is likely to go ... [full story]

Tokyo: NYK Logistics Rus, an NYK Group company in Russia, has opened a representative office in Almaty, the largest city in Kazakhstan. This is the ... [full story]

Mumbai: Andaman and Nicobar is all set to become India's 13th major port after the federal government cleared a Shipping Ministry plan to this effect ... [full story]

Singapore: The Singapore authorities are extending port dues concessions brought in to help companies through the economic crisis for another six months. A 10% port dues ... [full story]

Singapore: Another bulker newbuilding order has been cancelled at Cosco Shipyard Group, and further four deliveries delayed, meaning over half its outstanding orderbook is now ... [full story]

Philippines: Seven alleged pirates are under detention in the Philippines pending trial for the hijacking of the tugboat Asta. The Singapore-registered tugboat Asta was ... [full story]

London: The Baltic Exchange has started a trial on India – China iron ore voyage equivalent rate. The daily rate is based on the existing S7 ... [full story]

Hong Kong: Sinotrans profits fell 69% last year and it is forecasting volatile shipping markets for the year ahead. Hong Kong-listed Sinotrans reported a net profit ... [full story]

Seoul:  The Korean Register of Shipping (KR) celebrated its 50th anniversary, debuting a book charting the company's history at a gala dinner last night in ... [full story]