Posts from category Shipping News

New Shipping Invention to Empower Fruit Exporters

on November 4, 2009 by admin in Business, Cargo News, Economy, Shipping News, Comments Off

Fruits can now reach farther markets as a leading shipping company has introduced StarCare, a new generation of Controlled Atmosphere (CA) containers which would preserve the fruits from ripening and decaying in their long transportation period. Bananas, the fourth most… Continue reading

Free Fall in Shipping Rates to Devastate Industry

on September 1, 2009 by admin in Business, Shipping News, World Business, Comments Off

A Bloomberg survey by six analysts and fund managers predicts that the rate for leasing capesize vessels will reach as low as $18,000 from its current price of $37,865 per day. It should be recalled the rates for capsize ships… Continue reading

Slowdown and Piracy Sink Suez Canal Revenues

on July 27, 2009 by admin in Egypt News, Shipping News, World Business News, Comments Off

Suez Canal, Egypt’s major foreign currency earner and world’s busiest international trade routes has slashed its revenue by 7.2 percent owing to decline in traffic triggered by global economic crisis and piracy scare re-routing. The 191km long man-made waterway allows… Continue reading

Blue-tongue Virus Scare Forces the UAE to Impose Restrictions

on May 19, 2009 by admin in Bilateral Trade, Business, Cargo News, Dubai News, News, Shipping News, Tradeoff, UAE News, World Business, Comments Off

The World Organisation for Animal Health’s (OIE) report on the resurfacing of the blue-tongue disease among animals in some countries of Europe has alerted the UAE to take preventive measures to contain the virus from entering the country. On reports… Continue reading

Shipping Company Prays for New US Law to Arm Ships against Piracy

on May 6, 2009 by admin in Cargo News, Global Economy, Shipping News, Trade News, US Business News, World Business News, Comments Off

While testifying before a Senate subcommittee over the pirate attack on one of his vessels last month, Philip J. Shapiro of Liberty Maritime Corp. appealed to the Congress to pass a legislation allowing ships to carry firearms to defend them… Continue reading

Foldable Shipping Containers All Set to Reduce Logistic Cost

on April 4, 2009 by admin in Business, Cargo News, Global Economy, Marine business, Shipping News, Trade News, World Business, World Business News, Comments Off

Avinder Bindra, who shared 26 years of his professional life with Citigroup Inc. and later four years at HSBC, approached Indian Institute of Technology (IIT), Delhi with a project of inventing collapsible containers, four years ago. Prof. Anup Chawla and… Continue reading