Cardiff-based shipping services entity The Graig Group, is looking to become a ship owner again by taking advantage of falling vessel values in the dry as well as wet sectors. The company, which has 10 ships under management through its shipmanagement arm…

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• Graig Group operates in Singapore

    Cardiff-based Graig Ship Management has established a new company in Singapore. Graig Services (Singapore) Pte Ltd will provide ship management, crewing and other services across Asia. Geoff Hutcheon has been appointed General Manager. ‘Singapore is one of the world’s leading… Read at Graig Group moves into Singapore

• Graig Ship Management expands training program

    Cardiff-based Graig Ship Management is widening its training scheme by sponsoring 20 Vietnamese officer cadets. Under an agreement with Ho Chi Minh City-based University of Transport and Dutch education provider STC Graig Ship Management will sponsor ten 2nd year and… Read at Graig Ship Management widens training scheme

• NOTES Graig on Vietnamese CADETS

    UK-based Graig Ship Management says it is widening its training scheme by sponsoring twenty Vietnamese officer cadets. Under an agreement with Ho Chi Minh City-based University of Transport and Dutch education provider STC, Graig Ship Management will sponsor ten 2nd year and ten 3rd year cadets, both deck and engine, to

• QShip make ready for the purchase of vessels in 2010 to the advantage of falling prices – CEO

    Qatar Shipping Company which is merging with Qatar Navigation will buy ships in 2010 to take advantage of falling prices, said Mr KK Kothari, CEO of Qatar Shipping. Mr Kothari said that we are now poised for acquisitions. We hope to acquire ships in 2010.

• Dubai GulfNav set to expand fleet

    Dubai’s Gulf Navigation Holding, the sole maritime and shipping company listed on the Dubai Financial Market, has revealed its plans to rigorously expand its fleet of ships in 2010, grasping the opportunity to acquire tonnage while values are low. The… Read at Dubai’s GulfNav set to expand fleet

• StealthGas: Sending Dollars Away

     While a company may appear undervalued on an earnings basis, this does not mean the company has cash to distribute to shareholders. A quick way to help determine if a company has the cash flows needed to pay shareholders is to compare its depreciation expenses with its capital expenditures within

• Pipavav Shipyard to defense, oil and gas industry focus

    Private shipbuilder Pipavav Shipyard Ltd, co-promoted by engineering firm Punj Lloyd Ltd, will focus on building ships for the defence and oil and gas sectors, a top executive said. The shipbuilding firm, India’s newest in the private sector, is looking to tap into a portion of the big projects lined up

• Pipavav Shipyard to defense, oil and gas industry focus

    Private shipbuilder Pipavav Shipyard Ltd, co-promoted by engineering firm Punj Lloyd Ltd, will focus on building ships for the defence and oil and gas sectors, a top executive said. The shipbuilding firm, India’s newest in the private sector, is looking to tap into a portion of the big projects lined up

• Pipavav Shipyard to defense, oil and gas industry focus

    Private shipbuilder Pipavav Shipyard Ltd, co-promoted by engineering firm Punj Lloyd Ltd, will focus on building ships for the defence and oil and gas sectors, a top executive said. The shipbuilding firm, India’s newest in the private sector, is looking to tap into a portion of the big projects lined up

• Members World steel price jumps 3 percent in January

    A flurry of mill price hike announcements in December has translated into substantially higher transaction values for business recently settled in the US. The primary driver for the increases has been escalating input costs, since there is no pick up in real demand from any of the main consuming sectors

• Qship ships buy 10, says merger on track

    Qatar Shipping Company (Qship), which is merging with Qatar Navigation, will buy ships in 2010 to take advantage of falling prices, its chief executive said on Monday. ‘We are now poised for acquisitions. We hope to acquire ships in 2010,’ KK Kothari told Reuters, declining to specify how many or

• Index shows strong recovery of European shipper confidence

    The participants based their optimism on more enquiries, increasing forward booking and feedback from customers. Many participants mentioned that they had seen more customers restocking inventories as demand had become more stable. The Index moved from 56 in July to 78 in August (values above 50 indicate expansion). For the current

• 3.000 unclaimed container difficulty the major port of St. Petersburg

    Over 3.000 containers congested at the Big port of St. Petersburg, Ruslan Kiss, chairman of the board of directors of Russian Logistic Service Provider said recently in his interview with “PortNews” IAA. ?He clarified that the volumes of containers stored at the port had been increasing since August 2009.

• Asian average stainless steel prices – latest forecasts from MEPS

    Our Asian stainless steel forecasts are little changed from December 2009. An anticipated hike in alloy surcharges for February 2010 will, almost certainly, result in a significant hike in selling figures for all austenitic products this month. Sales volumes are expected to improve as distributors refill depleted inventories

• Precious starts buying

    As it nears the end of a large scale clear-out of older tonnage Thai-based handysize dry cargo specialist Precious Shipping has, as expected, started buying modern second-hand tonnage.