Global funds climb aboard dry bulk freight boom INVESTORS and speculators are pouring into the global dry bulk freight market as unrelenting Chinese demand for raw materials and limited capacity to build new ships promise large and solid returns.
ILO 'bill of rights' will stem tide of seafarer shortages ASIAN shipowners believe the International Labour Organisation's maritime labour convention, which was adopted last February, will help increase the recruitment of seafarers while stemming the number leaving the industry.
Cargo demand fuels solid growth in capesize rates CAPESIZE rates are set to remain strong for at least the rest of the year, buoyed by high cargo demand, according to a new review of the dry bulk markets presented to delegates in Shenzen by Simpson Spence & Young Beijing dry cargo broker Anton Harder writes Keith Wallis.
Militants set to target Niger Delta oil firms SEPARATISTS in the Niger Delta may be about to embark on a terror campaign against oil industry targets in the country, the US consulate in Lagos has warned, writes David Osler.
Alchemy sees gold in Lloyd's market with Cathedral buy A VENTURE capital fund is to take over Lloyd's operation Cathedral Capital in a '113m ($215m) deal that signals new confidence in the market.
Izar yard sale approved MADRID 03 November ' Spain's council of ministers today approved the sale of three former Izar yards, thereby allowing the owners of the yards at Gijon, Sestao and Seville to start bidding for new orders
BP to link platforms to Houston BP America is to string a 1,300-km network of fiber optic cable from Houston to its offshore oil platforms in the Gulf of Mexico to help technicians monitor their performance
Benin court releases Russian accused FOUR Russian tanker crewmen have been cleared of theft charges by a court in Benin, in a case that also accuses a Greek ship owner of malpractice
China, Vietnam agree $800M deals REPORTS from Vietnam say $800M of shipbuilding business has been agreed as part of an investment forum this week involving Chinese and Vietnamese businesses
Canada's plans for CWB hits opposition CANADA'S government is studying a proposal to change the Canadian Wheat Board from a state trading monopoly to a farmer-owned co-operative
Two crew lost in Baltic sinking A Swedish officer and Filipino rating are now confirmed to have lost their lives as a result of the sinking, late on Wednesday, of the ro-ro cargo vessel Finnbirch
Oakland's Bridges named to Virginia post If approved by the board of commissioners later this month, Jerry Bridges will replace the retiring J. Robert Bray as executive director of the Virginia Port Authority.
Halifax Southend Terminal announces berth dredging to accommodate post-Panamax vessels The Halifax Port Authority today announced it will deepen the berths of its Southend Container Terminal, operated by Halterm Limited, to accommodate the latest vessels.
Police raid on Grand Bahama Port Authority offices takes Hutchison by surprise Police raided the premises of Grand Bahama Port Authority late Thursday as a fight for legal control of the company took an extraordinary new twist, writes Lloyd's List.
Accidents cause major disruptions to Australian rail freight
COSCO and CSCL to co-operate on China domestic routes
Minister's intervention sees Kerala truckers return to work
Jakarta moves to reassure potential investors in transport projects as House deliberates over law revisions
Finnbirch sank off Öland ' two lives lost On Wednesday evening, the Swedish-flagged ro-ro carrier Finnbirch sank east of Kårehamn, on the island of Öland, in ...
Stormy weather blew two ferries ashore The heavy weather that swept over Scandinavia on thursday made it difficult for two Danish domestic ferries. On the Isle ...
US bunkers respond to crude markets Diverging responses to oil price rollercoaster this week as US Gulf finishes busy week.
Chemoil clarifies diesel fuel rule Supplier advising clients on compliant fuels to meet new California requirements.
One down, one to go Bunker lightering operations taking place on two ships stranded in Japan.
Work starts on South Africa's first double-hull bunker barge Keel laying ceremony at Durban yard marks beginning of conversion to double-hulled bunker barge fleet.
WFS celebrates Irish partnership Both high and low sulphur marine fuels offered at Irish ports.
Vopak profits up by a third as terminal expansion continues Vopak is adding more than 1.6 million m' of storage capacity around the world in response to growing demand.
Bunker supplier moves into IFO market off West Africa SK Shipping to start supplying residual product later this month.
Rotterdam market stable Friday morning
Shipping company cuts bunker consumption by 10% Yang Ming Marine Transport Corp says savings from slower steaming better than expected.
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