Baltic index falls for 3rd week The Baltic Dry Index, a measure of shipping costs for commodities, fell for a third consecutive week on slowing Chinese demand for iron ore and disruptions to Australian supplies of the raw material.
Box lines face painful 18 months ahead, says UBS MANY lines will report losses for next 18 months as poorer trading conditions exceed previous market downturns of 1997 and 2001.
Re-lets and tight deals keep boxship rates sliding
BHP Yandi shutdown adds to capesize woes CLOSURE of mine following worker's death comes as the average of the four time charter routes head towards their lowest level since February.
US transport scheme outlined A SCHEME to improve the US marine transport system would be funded not only by the federal treasury but also by possible congestion surcharges, taxes and added fees
Sarkozy sets sights on Nazaire FRENCH President Nicolas Sarkozy said today he is about to begin negotiating with STX for a 9% stake in the former Chantiers de L'Atlantique yard at St Nazaire
Dodging storm proves unpopular PROVING again that people are a difficult cargo, passengers aboard Carnival Miracle are protesting about a course change made to avert Tropical Storm Hanna
Maersk BV ups Colombo terminal stake MAERSK BV, a subsidiary of AP Møller Terminals, has increased its stake in South Asia Gateway Terminals to nearly 30%
Eight saved off grounded ship RESCUERS from a helicopter saved the eight-man crew of a Cook Island-flagged general cargo ship
New Santos boss extends tax discount BRAZIL'S shipping companies are reacting in delight after the new president of the Santos port authority council extended the 50% discount on taxes paid on cabotage cargo until the end of this year
Exports pump up West Coast containers Double-digit export growth in July helped West Coast ports to pull almost even with containerized cargo volume in 2007.
Does the conference void mean shippers are less informed but overcharged? Crude oil prices continued their fall this week finishing at a level of USD109 a barrel, significantly down from a globalisation-reversing level of USD147 reached in mid-July. However, prices at the pumps are, as usual, slow to react to the 34% drop in crude prices, gaining the oil majors' millions of dollars in the interim. But the major ocean carriers are cannier and have more clout than the average motorist and are paying 30% less for IFO380 since the July peak. So why is this not being passed on to shippers through reduced BAFs?
Zim drops its home ports
DCT Gdansk handles its biggest yet
Senator also switches to Cagliari
P&O Ferrymasters pioneers Russian rail service
Investment announced for upgrading Prince George intermodal corridor
Obama gets support from seafarers' union The Democratic Party's candidate in the presidential election of the United States of America, Barack Obama, gets support from the US-based Seafarers' International Union, SIU. "The SIU is proud to endorse the candidacy of Senator Barack Obama for President ...
Rosneft took delivery of arctic tanker On September 3, the Spanish shipyard Factorias Vulcano in Vigo delivered the arctic tanker RN Arkhangelsk, 30,000 DWT, to the Russian oil company Rosneft. RN Arkhangelsk is the first tanker in Rosneft's fleet. The vessel will transport oil from the ...
VDR fights to keep Hapag in German hands The German owners' association Verband Deutscher Reeder, VDR, opposes a sale of Hapag-Lloyd to a foreign buyer. VDR fears that such a scenario could endanger thousands of jobs and weaken the maritime industry in Germany, Lloyd's List reports. On ...
Bunkering suspended as Tropical Storms Hanna and Ike approach US East Coast bunkering closes as storms threaten disruption, backlog in US Gulf as operations resume following Gustav.
IMO under pressure to act to cut emissions Key issue remains unresolved ahead of next month's MEPC meeting.
Global bunker market report
Ceuta losing its bunker barge No plans at present to replace the barge, which is single-hulled.
ARA fuel oil stocks up, prices down Soft trend resumes Friday, bunker market tight for prompt supply.
Bunker prices continue to slide Hong Kong prices have fallen more than $58 since the start of the week.
'Weaker outlook' for container sector NOL 'scaling back its offer' for Hapag-Lloyd.
Rotterdam market very quiet
Singapore's accredited suppliers up to 76 Joint venture bunker firm doing ex-pipe deliveries gets accredited.
180 cst cargo sold to Middle East trader Fuel oil cargo scheduled for late-September loading.
Samsung Heavy offers fuel saving technology Shipowners 'can save up to $1 million per ship per year'.
Sri Lanka may lose $350m in bunkering revenue Country could see drop in monthly bunkering revenue once its biggest bunker supplier exits the market, says analyst.
Brazil turns down OPEC membership Meanwhile, OPEC welcomes Indonesia to remain in the cartel as an 'observer'.
Indian refiner to sell 380 cst cargo Fuel oil parcel scheduled for late-October loading.
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