Marine Link
Monday, November 20, 2017

Ajay Prasad News

Resolve Salvage & Fire Expands in Singapore

Ajay Prasad

Resolve Salvage & Fire (Asia), a division of United States based Resolve Marine Group, Inc., has expanded its presence in Singapore with the addition of Ajay Prasad, Operations and Technical Director. Prasad joins Resolve’s Managing Director- Singapore, Anuj Sahai, in the company’s Singapore office at #34-11 Centennial Towers, 3 Temasek Avenue, Singapore 039190. In addition to emergency and crisis response services, Resolve provides consulting services for operational and safety excellence to the international shipping and cruise industries, worldwide.

TITAN Salvage Appoint Capt. Ajay Prasad GM SE Asia

Capt. Ajay Prasad: Photo courtesy of TITAN Salvage

TITAN Salvage, Crowley Maritime Corporation’s marine salvage, emergency response and wreck removal company based in Houston, Texas, announce that Capt. Ajay Prasad has joined its leadership team as general manager, Southeast Asia. TITAN say that the veteran mariner, who started his career at sea over 20 years ago, will be domiciled in their Singapore office, reporting to TITAN’s Chris Peterson, vice president, and will oversee the company’s business and operational activities in Southeast Asia, Australia, the Pacific Rim and Middle East.

Resolve Completes Removal of LPG Cargo

Following weeks of preparation and more than seven days of intensive, round-the-clock operations, RESOLVE Salvage & Fire, (ASIA) Pte Ltd. announced that more than 1000 MT of volatile LPG 1- Butene have been removed from the stranded and  wrecked freighter LPG OBERON  in the Taiwan Strait. The Thailand-flagged freighter ran hard aground in strong winds early this year, seven miles from the Penghu archipelago 30 miles northwest of Kaohsiung, Taiwan. The 2695-ton vessel sustained…

Fire Shuts Shell Platform in GOM

Royal Dutch Shell Plc's Enchilada oil platform in the Gulf of Mexico has been shut and all associated production has been stopped after a fire on Wednesday, the U.S. Coast Guard (USCG) said.   The Coast Guard said the fire has been reduced to a small flame from a pipe on the platform, located about 112 nautical miles south of Vermilion Bay, Louisiana.   Two people were injured and the crew of 46 were evacuated to a nearby platform, the Coast Guard said, adding that there was a report of a light sheen north of the Shell platform. (Reporting by Swati Verma and Nithin Prasad in Bengaluru Editing by Marguerita Choy)  

New MD for Glander Int'l Bunkering (India)

Ajay Menon

Glander International Bunkering is proud to announce that Ajay Menon has been appointed as the Managing Director of Glander International Bunkering (India) Private Limited. Prior to his promotion, Mr. Menon was Senior Bunker/Lubricant Trader & Team Leader in the Dubai office. Ajay is a native of Kerala and has an MBA from Warwick University, UK. He is the longest serving employee of the Glander International Bunkering Group and has been working from the Dubai office. The company…

Hempel Blue Series Launched in India

A new range of protective coatings, the Blue Series offers customers advanced Hempel technology at a competitive price. Launched in India in September this year, the Blue Series includes a full range of products for new construction and maintenance in a number of applications. The Blue Series is a new range of primers, intermediates and polyurethane topcoats designed specifically for the infrastructure, power generation and steel fabrication industries. Hempel said its existing global assortment is suitable for application across all continents and provides corrosion protection in the most aggressive environments. Hempel’s new Blue Series targets areas with mild conditions.

International Bunkering Appoints Team Leader

Ajay Menon

International Bunkering Middle East DMCC promoted Ajay Menon to Senior Bunker/Lubricant Trader and Team Leader. “Mr. Menon has served our company diligently and loyally for more than seven years and has played  an important and driving role in the development of our Sales Team through his wide experience in the market and through his extensive professional network of valued business counter parties. We are always pleased to announce a promotion of any employee within our group…

G E Adds a Kamsarmax Dry Bulk Carrier Jag Ajay

Photo: Great Eastern Shipping

The Great Eastern Shipping Company took delivery of a new building Kamsarmax dry bulk carrier Jag Ajay. Great Eastern Shipping Company Ltd has informed the Bombay Stock Exchange regarding a Press Release dated June 30, 2016 titled: G E Shipping takes delivery of a new building Kamsarmax Dry Bulk Carrier "Jag Ajay". The vessel was ordered by GE Shipping in December 2013 and has been built at Jiangsu New Yangzi Shipbuilding Co. Ltd., P.R. China. With the inclusion of this vessel…

Matthew Strengthens to a Major Hurricane

Image: U.S. National Hurricane Center

Hurricane Matthew has strengthened into a Category 4, the U.S. National Hurricane Center (NHC) said on Friday adding that a Hurricane Watch has been issued for Jamaica.   Matthew was located about 465 miles (750 kilometers) southeast of Kingston Jamaica with maximum sustained winds of 140 miles per hour (220 km/h), the Miami-based weather forecaster said.   Some additional strengthening is possible tonight, and some fluctuations in intensity are possible Saturday and Sunday, the NHC said.     (Reporting by Nithin Prasad in Bengaluru; editing by Diane Craft)

Navy Handed Over Seychelles Ship Topaz After Refit

Topaz. Photo: Indian Navy

Seychelles Coast Guard Patrol Ship (SCGPS) Topaz has completed her Medium Refit and has been handed over to Colonel Simone A Dine, Commander Seychelles Coast Guard by Rear Admiral Narayan Prasad, NM, Admiral Superintendent, Naval Dockyard, Visakhapatnam on 16 February 2017. The ship underwent a Medium Refit at Naval Dockyard from March 2016 to January 2017. The event was held at Naval Jetty inside INS Circars and was attended by other dignitaries from Seychelles Coast Guard and Indian Navy.

Higher Shipping Rates Boost Baltic Index

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday due to strengthening rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 28 points, or 3.6 percent, at 806 points. The capesize index gained 95 points, or 11.1 percent, to close at 951 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $700 to $7,708.

Baltic Index Rises on Broad Demand

File Image (CREDIT: AdobeStock)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday on stronger demand across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 19 points, or 2.22 percent, at 875 points. The capesize index gained 31 points, or 2.73 percent, to close at 1,165 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $264 at $9,358.

Baltic Index up on Stronger Rates Across All Segments

File Image: (c) Lidian Neeleman AdobeStock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday as rates for all vessel segments strengthened, with capesize vessels extending gains the most. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 33 points, or 3.79 percent, at 904 points, its highest in more than five weeks. The capesize index snapped a three-day losing streak and rose 103 points, or 10.36 percent, to end at 1,097 points.

Baltic Index Ends at 8-Week High on Stronger Rates

© John A Trax Jr / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, closed at it highest in more than eight weeks on Monday as rates across all vessel segments rose. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 40 points, or 4.26 percent, to close at 979 points. The capesize index gained 118 points, or 9.62 percent, to finish at 1,345 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $1,014 to $10,439.

Soaring Capesize Rates Push Baltic Index to 12-week High

Photo: Dennis Schnell, Bulldog and Partners

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, closed at a 12-week high on Tuesday on stronger rates across all vessel segments, especially capesizes. The overall index, which also factors in rates for panamax, supramax and handysize shipping vessels, ended up 54 points, or 5.52 percent, at 1,033 points. The capesize index surged 211 points, or 15.69 percent, to end at a six-week high of 1,556 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $1,427 to $11,866.

Baltic Index Boosted by Stronger Capesize Rates

File Image: A bulk vessel unloading in port (CREDIT: Lidian Neeleman AdobeStock)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday, helped largely by stronger rates for capesizes. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, ended up 19 points or 1.82 percent at 1,064 points, its highest level in nearly three months. The capesize index gained 100 points, or 6.34 percent, to close at 1,678 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose $551 to $12,440.

Baltic Index Snaps 14-day Winning Streak

© jieophoto / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a 14-session winning streak on Tuesday as rates for larger vessels fell. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, closed down 5 points, or 0.41 percent, at 1,200 points. The capesize index lost 25 points, or 1.01 percent, to end at 2,441 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $238 to $17,842.

Falling Capesize Rates Weigh on Baltic Index

© Martin Lueke / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday on weaker rates for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 10 points, or 0.83 percent, at 1,190 points. The capesize index lost 63 points, or 2.58 percent, to close at 2,378 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $550 to $17,292.

Baltic Index Rises to Over 4-month High

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, closed at its highest level in more than four months, helped by stronger rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, ended up 44 points, or 3.7 percent, at 1,240 points, a level last seen on Nov. 21. The capesize index gained 137 points, or 5.8 percent, to close at 2,482 points, its highest level since Nov. 23.

Baltic Index Snaps 6-session Losing Streak

File Image: Credit BSM

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities snapped a six-session losing streak and rose on Friday due to stronger rates for smaller vessels, even as capesize demand fell. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 8 points, or 0.66 percent, at 1,223 points. The capesize index dipped 11 points, or 0.5 percent, to 2,173 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of iron ore and coal, were down $128 at $15,570.

Baltic Index Strengthens on Broad Support

file Image (CREDIT: FedNav)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday on stronger rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 31 points, or 2.52 percent, at 1,262 points. The capesize index snapped a nine-session losing streak and gained 62 points, or 2.86 percent, at 2,227 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $507 to $16,000.

Smaller Bulkers Buoy Baltic Index

File Image: a smaller, modern bulk vessel underway (CREDIT: FedNav)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday, supported by stronger rates for smaller vessel segments even as capesize rates weakened. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 14 points, or 1.09 percent, at 1,296 points. The capesize index lost 3 points, or 0.13 percent, at 2,249 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $74 at $16,361.

Weaker Capesize Rates Weigh on Baltic Index

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday on weaker rates for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down two points, or 0.15 percent, at 1,294 points. The capesize index lost 29 points, or 1.29 percent, to close at 2,220 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $207 to $16,154.

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