More anchored ships hit by pirates There were 10 piracy incidents in the region in May, up from seven in the same month last year, the ReCAAP Information Sharing Centre said yesterday in its monthly report for May.
Port of Antwerp: successful trade mission to China to be followed up The port of Antwerp (Belgium) recently sent a high-powered delegation headed by port alderman Marc Van Peel and made up of representatives from Antwerp Port Authority, the Customs ...
New shipping line from Skandinavienkai to Sweden and Finland The Port of L'beck now offers a new sailing from Skandinavienkai, operated by the L'becker Hafen-Gesellschaft (LHG). Power Line, a shipping company owned by the Finnish forwarding ...
ESC responds to criticism of its position on Rotterdam Rules The European Shippers' Council (ESC) has, in a response to its US counterpart the National Industrial Transportation League, outlined that in spite of some beneficial improvements ...
Trans-o-Flex ThermoMed takes over Rhenus Life Sciences Trans-o-flex ThermoMed GmbH & Co KG is taking over Rhenus Life Sciences from the Rhenus Group with effect from today (1 July). Both companies specialise in the transport of tempera...
Toll Group enters agreement with Chevron Toll Group, the Asian region's leading provider of integrated logistics services, has entered into an agreement with Chevron Australia Pty Ltd (Chevron) to manage the Barrow Island...
MOL to handle car logistics for Nissan in India The Tokyo-based Japanese shipping corporation Mitsui O.S.K. Lines (MOL) recently reported that its auto logistics subsidiary in India has received a contract to handle inland trans...
Groundbreaking solar ship arriving today The Californian port of Long Beach (USA) is welcoming the first car carrier partly powered by solar energy today (1 July). The vessel is the "Auriga Leader" owned an...
Gottwald names Translift Port Equipment Services as new representative for Philippines Gottwald Port Technology strengthened its global sales and service network by appointing Translift Port Equipment Services Inc (Translift) as its new local representative in the Ph...
New BDI meant to tempt traders THE BALTIC Exchange has stepped up its derivative trading agenda by dropping voyage rates from its Baltic Dry Index
Sweden is EU's Deep Breath SWEDEN has today started its six-month presidency of the EU and will take the lead in December's talks on climate change, when ship exhaust will be high on the agenda
Seaward official pleads guilty SEAWARD'S former CEO has pleaded guilty to price fixing
Coast clear for California fuel limit A US DISTRICT Court has rejected a last-ditch challenge to California's new rules on fuel sulphur content within 24 n-miles of its coast, which go into effect today
Oz says no to Pilbara authority WESTERN Australia's government will not proceed with its predecessor's plan to create a single authority for the resources-rich Pilbara region's ports
Siem Offshore's raises funds NORWAY'S Siem Offshore today said it has raised 900M Kroner ($140.5M) from a large private placement
Why China mill shares outperform CHINESE iron ore importers still have failed to negotiate a lower price with the big foreign mines or any long-term contract
Danaos waived With $908m in new waivers, all of the John Coustas-led containership owner's debt is clear of breaches.
Four lost off China One rescued but four missing after Chinese vessel damaged in smash with large "Singapore-registered" ship.
Golden catch 22 John Fredriksen's Golden Ocean faces potential legal desputes as delay of newbuildings at Pipavav threatens to allow bankrupt Britannia Bulk to ask for a refund.
Cido dozen? Market buzz suggests Gulf Navigation buying 10 to 12 medium-range products tankers from Cido.
Bulker grounds A broken tug line is blamed for the grounding of a Cyrpus-controlled open hatch carrier of Southern Brazil.
Sophie sold StealthGas confirms exit of 1995-built LPG carrier in $6.5m deal.
Golar hunts cash John Fredriksen's Golar LNG is negotiating an $80m credit facility as it mulls raising equity.
$1bn shipyard Russia's state-owned USC to splash big money on new plant near St Petersburg.
Pain for Grindrod South African shipping giant says first half profit will tumble by up to 60% as it's poked in the eye by beleaguered shipping markets.
All star cast Thomas Wilhelmsen heads a consortium ready to plough NOK 18.1m into NOK 55m Eidsiva Rederi rights issue.
Oceanteam offers Series of measures to be taken by troubled offshore owner to plug liquidity black hole.
Ferry to rescue US ship Intintoli helps pick up 33 people from sinking boat off California.
Many feared dead Twenty nine missing, five rescued as Dubai-owned AHTS capsizes and sinks off Qatar.
Back on? Government may try yet again to sell shares in Shipping Corp of India, minister says.
$140m for Siem Norwegian shipowner secures funds for newbuildings with huge private placement backed by top management.
'Margins to shrink' Offshore player Hallin Marine warns of weaker set of first-half results with 2009 to remain tough.
About turn? North Korean ship suspected of carrying weapons for Myanmar heads back to Chinese coast.
Scaling back India's Pipavav Shipyard lowers sights for imminent IPO, executive says.
Takeover backed Cido Shipping remains the most likely candidate as Gulf Nav tanker swoop moves a step closer.
New Eimskip US investment firm Yucaipa moves in at struggling Icelandic container line as company hands shipping business to creditors.
Greece enters fray Greek government asks Israel to release aid ship it boarded and detained en route to Gaza.
Stowaway dies One dead, another captured and three missing after fleeing Cypriot ship at US port.
Box merger Evergreen, Coscon combine their South America/Africa runs to combat higher bunker prices.
RCCL prices Royal Caribbean Cruises prices offering, notes will bear interest at a rate of 11.8% per year.
Still red Iceland's Eimskip announces another big loss as it restructures its business to survive.
Delays bring axe Another offshore newbuilding bites the dust as GC Rieber unit chops PSV at Batamec.
Mystery solved It has taken two months, but Poland finally names new owner of Gdynia and Szczecin shipyards
New management Wilhelmsen takes over control of Indigo Dolphin boxship newbuilding in Germany.
DEME seals trio Belgian dredger owner ties-up contract to install foundations at three European wind farms.
No surprises Clarksons says nothing has changed in its operating performance since its May interim statement.
Exxon to pay Valdez oil spill interest Exxon Mobil Corporation will within two days pay USD 470 million in court-ordered interest on the punitive award for the 1989 Exxon Valdez oil spill, international media reports. In
94 container carriers scrapped this year 94 container carriers, totalling 184,700 TEUs, have been sold for scrapping in the first six months of 2009, according to AXS-Alphaliner, the Paris-based consultancy. The 184,700 TEU volume
Another T-class unit to Maersk Supply Maersk Supply Service A/S has taken delivery of the Mærsk Transporter, the seventh unit in a series of ten anchor handling supply ships from the Norwegian shipbuilder STX Norway
Pål Engebretsen appointed CEO Pål Engebretsen has been appointed as CEO of Bergen Group on a permanent basis when the current temporary appointment expires in September 2009. Pål Engebretsen was appointed CEO of Bergen
Siem raises NOK 900 million Norwegian Siem Offshore has raised NOK 900 million in a private placement directed at professional Norwegian and international investors. Around 105,9 million new shares will be issued in relation to
Cruise liner in Baltic hit by swine flu Several cases of the swine flu H1N1 were discovered on the cruise liner Emeral Princess when she called at Helsinki last Sunday ' 13 crew members and one passenger were confirmed
European bunker prices slide High sulphur product 'very tight' in Rotterdam.
US crude stocks fall more than expected Speculation that stockpile build is beginning to reverse.
California low-sulphur fuel rules come into force Vessels operating in Californian waters now required to burn only distillate fuels.
'Soaring' bunker prices force cuts Shipping lines combine Far East-South America and Far East-Africa services.
'Significant increase' in chemical contamination Lintec says up to 3% of fuels analysed under its chemical screening programme show evidence of chemical waste.
Trader looks for floating storage Nobel Group 'wants VLCC' to store fuel oil.
Challenge to California fuel rules fails Federal court upholds low-sulphur fuel regulation for oceangoing ships in Californian waters.
External: Global Risk Management
Asia bunker prices soft mid-week Tokyo Bay prices, however, continue to climb.
S Korean trader changes company name Former firm ceases due to 'internal reason'; new firm updates all of its contact details.
Cosmo Oil halts spot bunker sales in July Spot offer suspended on cut in run rates; refiner yet to decide on resumption of spot sales.
Weak demand expected to offset tighter supplies in Singapore First-half of July could see brief supply tightness despite strong inflow of cargo volumes.
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