Baltic Dry Index drops as loading delays ease The Baltic Dry Index, a measure of shipping costs for commodities, fell for a second consecutive session in London as delays at loading ports eased and newly built carriers compete for cargoes.
Baltic Exchange mulls FFA screen options The Baltic Exchange is in talks with market participants over the options available for a central trading screen for forward freight agreements (FFAs), its chief executive told Reuters Television last Thursday.
Nigg yard regeneration a step closer SCOTTISH authority set to act to bring about economic activity at one of Europe's largest offshore fabrication yards.
Underwriters face arrest over LOF interference UNDERWRITERS at risk of criminal liabilities by seeking to interfere with emergency salvage situations.
Box lines queue to sell terminal assets THE Port Fund looks at 20 potential port assets worldwide with a total value of around $1bn.
Global Ship Lease gets loan waiver extension GSL has agreed with its lenders to extend its waiver for loan-to-value tests until the end of August.
Rand vies for US Shipping GREAT Lakes bulk operator Rand Logistics has offered the equivalent of $255M for the remaining assets of bankrupt US Shipping Partners
ISL sees silver lining in 2012 BOX SHIPS of up to 3,000teu might see excess capacity on the charter market melt away and daily hire rates rally in 2012, an ISL report said today
CMA CGM pushes up rates CMA CGM said today it has raised freight rates on its North Europe/US/Canada routes
DryShips flees spot sector FRESH details emerged today on the 2Q09 timecharter spree at DryShips, marking a major strategic shift
Mallorca ports slowed but open SHIPPING delays were expected to continue today at two ports in Mallorca, where police are conducting checks for bombs before allowing ships to depart
Seoul sets up $1.6Bn ship fund KOREA Development Bank has set up a $1.6Bn distressed asset fund to support the restructuring of recession-stressed South Korean companies
Good neighbourliness required in tough times The severe financial fallout from the global downturn has had a damaging effect on relationships within boardrooms, as executive accountants point fingers accusingly at their commercial colleagues for chasing cargo and not predicting the crash.
Crude keeps pressure on bunker prices Bunker markets continuing to firm as $70 oil looms.
Bunker prices bounce in European markets Hamburg sees prices for 380 cst material up by $23 pmt.
Bunker spill could be 'Norway's worst' 'This will be a major case,' says leader of Norwegian environmental group.
Russian oil export duties to rise again Fuel oil tariff set for 4% increase in August.
Durban refinery begins major shutdown Sapref says it has taken measures 'to ensure the uninterrupted supply of fuel'.
Oil products specialist 'pleased with Q2 results' TEPPCO says its marine services division has 'opportunity to expand'.
Volatile crude hits Asian markets Singapore bunker prices jump by more than $20 pmt Friday, after plunging on Thursday.
Titan prepares for 'strategic review' Company facing 'significantly reduced cash flows and significant capital expenditure'.
External: Global Risk Management
Sharply falling refining margins halves Total profit But CEO says company 'confident in outlook and financial strength' and will pay out same dividends as in 2008.
Bunker spill off Norway Grounded dry-bulk vessel was carrying 1,120 metric tonnes of bunker fuel. Reports say oil is coming ashore.
UBT promotes trader in Singapore
Southeast Asian piracy up First-half of this year saw an increase in successful pirate attacks in Southeast Asian waters.
Malaysia box volumes up 10% in Q2 Quarter-on-quarter growth suggests signs of recovery in the shipping sector.
Supplier's double-hull tanker to arrive in August 8,800 dwt bunker tanker is sailing from Italy to Sri Lanka.
ExxonMobil Q2 earnings plummet 66% Blames lower crude and gas prices and tighter refining margins.
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