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Newbuilding prices bound to come down as pressure mounts on even the healthiest of shipbuilders
  
Tanker Market OPEC s agreement could alter trade flows as Asian buyers could be forced to buy more Western grades says shipbroker
  
New trade policies could affect tanker shipping in various ways
  
LNG spot fixture rise considerably in 2016 as LNG shipping picks up steam
  
Ship demolition activity hurt by India s and Pakistan s latest woes
  
 
 

Maritime News

The Crew of MV Iceberg 1, Abandoned by her Owners, Tortured by Somali Terrorists

The MV Iceberg 1 is a Panama-flagged Roll on-Roll off ship that was attacked and overrun by pirates on 29 March 2010.  Since that time, the crew has been left to rot in a Somali hell-hole by the owners of the vessel, Azal Shipping and Cargo, who have since gone out of business.  At least one of the crew has already committed suicide.

 

Date: November 6, 2011                                                                  Source: Gcaptain.com

 News
  Tanker Market OPEC s agreement could alter trade flows as Asian buyers could be forced to buy more Western grades says shipbroker
  New trade policies could affect tanker shipping in various ways
  LNG spot fixture rise considerably in 2016 as LNG shipping picks up steam
  Ship demolition activity hurt by India s and Pakistan s latest woes
  Newbuilding prices hold firm despite increasing pressure
  Dry Bulk Market Orderbook to fleet ratio drops to lowest level of the past 14 years below 10%
  Oversupply could be looming for the tanker market if scrapping numbers aren t increased
  Tanker freight rates hurt by minimal scrapping activity
  Shipping market s recent rally fuelled by commodities speculators
  Newbuilding orders still far and apart as focus shifts to second hand dry bulk carriers
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