Saturday 20 February 2010

Scorpio Tankers Plans 150 Million US-Dollar IPO

Italy's Scorpio Group plans to float its tanker subsidiary on the New York Stock Exchange to raise 150 million US-Dollar in an initial public offering.

Friday 19 February 2010

India: Shipping Ministry seeks more Container Ports

The shipping ministry plans to give a push to containerization in India since the country's rate of container cargo is only 45 per cent compared to the global average of more than 70 per cent.

Friday 12 February 2010

ILS market report - Basic Capesize Index in January 2010

"In January 2010 the Capesize timecharter average started with 42.700 US-Dollar/day, lost 35.000 US-Dollar/day the second week, increased up to 40.000 US-Dollar/day and again lost more than 10.000 US-Dollar/day in the fourth week."

Thursday 04 February 2010

Rising demand prompts new Offering, Service changes in Asia - Hamburg Index in January 2010

Container shipping lines are continuing to launch new services or amend existing ones, including one new intra-Asia service and three service revisions on the Asia-Middle East trade route as demand continues to pick, after 2009 proved to be one of the toughest on record for the industry.

Thursday 04 February 2010

Chinese Oil Imports continued upward climb last year - König & Cie. Tanker Report in January 2010

With the Chinese economic growth, the oil consumption increased, going from 7.83 million barrels per day in 2008 to almost eight million barrels per day in 2009.