First Ship Lease Trust buys 2 tankers for US$140m SHIPPING trust First Ship Lease (FSL) Trust is taking its maiden step into the crude carrier market with the acquisition of two 115,000 dwt Aframax class crude oil tankers from Turkey-based Geden Lines for US$140 million.
DHL aims to cut carbon emissions in operations AS one of the biggest players in the logistics industry, DHL is playing its part in the battle against climate change by aligning its initiatives with the 'GoGreen' climate protection programme of parent company Deutsche Post World Net.
Kuehne & Nagel Q1 profit jumps 19% Kuehne & Nagel International AG, the world's largest sea-freight forwarder, said first-quarter profit rose 19 per cent as air and sea shipments increased.
Maritime university for Chennai A BILL seeking to set up a maritime university in Chennai has been moved in the Indian parliament
MPC secures mega ship loan HAMBURG KG house MPC Capital has obtained debt financing for nine 13,100teu 'new panamax' container ships, ordered at Hyundai
Reliance to set up shipping company RELIANCE Power is planning to float a shipping subsidiary to transport coal to India to feed two huge power projects it is setting up, one in Krishnapatnam in Andhra Pradesh and the other in Shahapur in Haryana
Mystery as 'arms ship' vanishes MYSTERY surrounds the whereabouts of the general cargo ship An Yue Jiang, which raised anchor and sailed from the Durban out anchorage on Friday evening, moments before the sheriff of the court arrived to serve papers to the vessel ordering it into port
TUI plans to approach Hapag-Lloyd suitors by June The company says it is working with three financial advisers on the sale of the German container line.
China Shipping to expand in Seattle
CN profit dips
Portland's container volume surges
Jaxport, Hamburg Sud in expansion talks
Nehru to add third box scanner
$155 million provision plunges Cargolux into the red
Bill would license AES users
Senators express concern with first-sale change
Capt. Arthur Erb, former Eller Stevedoring chief, dies
Dervish delight Religious dance enthrals early-comers to Istanbul but will a focus on crewing and the environment leaves heads in a spin?
A slice of Turkey Intertanko descends on Istanbul for its annual tanker bash and TradeWinds TV is there to survey the scene.
TBS snaps up Stellar's North Star US bulker and tweendecker owner pays $34m for a Dubai-controlled handymax.
Danaos boxship profits soar First-quarter earnings plunge without bulk carrier gains, but John Coustas-led company's earnings on the boxship fleet jump by 31.8%.
Cocaine hidden on cruiseship US drug customs officials seize 26 bricks of the illegal drug on a Royal Caribbean cruiseship.
Senator pushes cruise law US lawmaker Richard Durbin proposes restrictions on discharges from cruiseships, which he calls "massive ocean polluters".
Tanker outlook brightens Dahlman Rose equity analyst hikes his second-quarter rate outlook for the wet sector.
General Maritime outlook cut Cantor Fitzgerald analyst lets air out of her first-quarter forecast for New York-based tanker owner.
Teekay LNG selling shares Teekay Corp offshoot puts 5 million shares on offer and discloses more capital infusions that could bag $213m.
Vafias bags third MR StealthGas splashes $57.5m on product carrier resale under construction in South Korea.
Jacobsen leaves Green Reefers CEO steps down with immediate effect to be replaced by chairman Toril Eidesvik.
Photo flood Entries are starting to pour in for TradeWinds' Maritime Photographer of the Year contest.
Grindrod profit to soar South African bulker and tanker owner notifies market of possible 75% jump in first-half earnings.
HSH defies crunch German bank leads $1.1bn loan syndicate for MPC's 13,100-teu boxships at HHI, with deal for ninth vessel emerging.
Officer fined over fatal fire Chief mate found guilty after incident in Canada on Ugland shuttle tanker.
TUI on the offensive Board brands Fredriksen's attempts to oust chairman as destructive as it confirms potential buyers of Hapag-Lloyd will be welcomed around the table within two months.
Peak charge for FEFC Boxship conference pushes up Asia to Med rates with summer surcharge.
Eitzen cashes in on resales Four chemical units ordered in Korea on opportunistic basis last year will see owner make quick $12.5m profit.
VLCC fired on off Yemen No injuries reported but fuel spilled after NYK tanker hit by pirates' rocket in Gulf of Aden.
Smith ends waiting game Golar LNG chief confirms $450m Dubai contract for company's fourth FSRU.
Garware goes long-term Indian offshore owner ties up newbuilding on a three-year deal.
Interpol tapped on Rezzak search India's shipping ministry asks for help to determine fate of cargoship lost in Black Sea.
Q-Ship in profit drop Doha-listed gas carrier and tanker player sees first quarter net slashed by 29%.
Reliance eyes capesize order Indian energy group set for $1.2bn entry into shipowning with larger bulkers soon to be slated.
An Yue Jiang Angola bound Cosco ship carrying arms for Zimbabwe now heading for Angola after South African legal action.
Tianjin Marine fears the worst Chinese boxship owner says it expects to register loss in first quarter of 2008.
FSL snares Geden pair Singapore business trust agrees sale and leaseback of two aframax tankers with Turkish owner.
HHI not in Daewoo running Massive Korean yard tie-up looking unlikely as Hyundai Heavy says it has not considered buying smaller rival.
Roll up for Gulf Navigation Dubai tanker owner's shareholders approve move to allow overseas investors to hold up to 20% of its stock.
Bulker owners ink quickies Hellenic and FreeSeas tie-up handymax and handysize bulkers on short time charters.
Swedish coast guard to team up with US counterpart The Swedish minister of defence Sven Tolgfors and the head of the US Department of Homeland Security, Michael Chertoff, has agreed on a closer cooperation. The aim is to sign a letter of intent later this year including a closer ...
Nordane orders more Canadian tugs Nordane Shipping, Svendborg, has signed up with Irving Shipbuilding Industries in Quebec, Canada, for another four tugs of two different types. The tugs will follow the deliveries of five tugs ending in 2006 with Stevns Icequeen. The new contracts are ...
Alarm over substandard newbuildings The record-high demand for newbuilt ships and the emergence of new shipbuilders without prior experience are direct threats against the last 15 years of progress in safer ships. Speakers representing shipbuilders, classification societies and shipowners were unanimous in their ...
Shell lubricants return to Port Colborne Exclusive distributor Westpier Marine aiming to sell Shell products 'from Thunder Bay to Halifax'.
French ports face ongoing disruption Bunker supplies can be promised only 'four hours' ahead
Bunker market report from Praxis
Fujairah's tank farms pose 'challenge' for emergency planners Oil companies urged to asses their operational risks and to put emergency plans in place.
O.W. Bunker expands risk management team Group says unpredictable market dynamics has increased demand for risk management expertise.
Ship with weapons cargo 'running out of bunkers' Ports in South Africa urged to look out in case ship attempts to obtain fuel.
Leading shipping line has bunker costs 'in control' CMA CGM official says it has relied on the 'bunker adjustment factor' and hedging.
Rotterdam market firm
Alliance makes reducing bunker consumption a priority Shipping lines want to cut bunker bills and ship-generated pollution.
Oman supplier welcomes new trader
Australia supports sulphur cuts The government hopes to see 'significant health and environment benefits'.
Philippines to revoke single-hull licenses Tank operators still negotiating for extension of April 30 deadline.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
