STX Pan Ocean wins record iron-ore deal South Korea's leading shipper of bulk cargo said yesterday that it has clinched a US$5.84 billion deal with Brazil's Vale to transport iron ore, calling it the world's single largest contract of its kind.
VLCC supply falls for 2nd week A glut of supertankers competing to ship Middle East crude shrank for a second week as unprofitable lease rates prompted owners to anchor some vessels and sail others more slowly.
Clean tanker rates rise to 7-month high Clean petroleum tanker rates on top global export routes were mixed on Monday with tight vessel supply pushing rates on routes to Japan to a seventh-month high. Typical Long Range 2, 75,000 tonne shipments from the Middle East Gulf (MEG) to Japan rose to W104.55 from W98.00 last week and was at its highest since Feb 23. Smaller Long Range 1, 55,000 tonne loads strengthened to W119.09 or US$14,919 a day, from W104.92 or US$10,719 a day last week and was at its highest since Feb 25.
Baltic Dry Index extends decline on glut of vessels
Colombian coal to gain from Panama expansion
Strait Talk
Arctic short-cut still perilous THIS week's column is about the Arctic Sea. However, I must disappoint those who may I assume I am about to reveal exclusive insights about the strange saga of the cargo ship of that name, apparently hijacked a month ago and still languishing somewhere near Las Palmas.
STX Pan Ocean wins record iron-ore deal South Korea's leading shipper of bulk cargo said yesterday that it has clinched a US$5.84 billion deal with Brazil's Vale to transport iron ore, calling it the world's single largest contract of its kind.
VLCC supply falls for 2nd week A glut of supertankers competing to ship Middle East crude shrank for a second week as unprofitable lease rates prompted owners to anchor some vessels and sail others more slowly.
Clean tanker rates rise to 7-month high Clean petroleum tanker rates on top global export routes were mixed on Monday with tight vessel supply pushing rates on routes to Japan to a seventh-month high. Typical Long Range 2, 75,000 tonne shipments from the Middle East Gulf (MEG) to Japan rose to W104.55 from W98.00 last week and was at its highest since Feb 23. Smaller Long Range 1, 55,000 tonne loads strengthened to W119.09 or US$14,919 a day, from W104.92 or US$10,719 a day last week and was at its highest since Feb 25.
Baltic Dry Index extends decline on glut of vessels
Colombian coal to gain from Panama expansion
Strait Talk
Arctic short-cut still perilous THIS week's column is about the Arctic Sea. However, I must disappoint those who may I assume I am about to reveal exclusive insights about the strange saga of the cargo ship of that name, apparently hijacked a month ago and still languishing somewhere near Las Palmas.
Commercial Freight Services is newest member of GPLN 21. September 2009 Commercial Freight Services Inc, headquartered in Manila (Philippines), is the newest member of the Global Project Logistics Network (GPLN). Commercial Freight Services is an old a...
Damco opens new office in Zimbabwe The freight forwarder Damco has announced that it will open a new office in Harare (Zimbabwe) in October. Damco is the result of the integration of the company's supply chain ...
Schenker International appoints Henry Schmidl as new director of ocean freight, South China Henry Schmidl has been installed as director of Ocean freight, South China, at Schenker International (H.K.) Ltd, effective from 21 September. Prior to his work...
Colombo Dockyard receives USD 61 million contract Colombo Dockyard, based in Sri Lanka's port of Colombo, has received a USD 61 million contract from an unnamed Singaporean owner to build two anchor handling tug supply vessel...
Deep sea box trades signs of recovery at Marseilles Fos Container throughput at the French port of Marseilles Fos reached 583,779 teu at the end of August, a 4% increase over the first eight months of last year. While a s...
Bertschi Group certified according to GMP+ and ISO 22000 Transports for the food and feed industry are an integral part of the global manufacturing, sourcing and supply chain processes. After a series of food scandals and contaminations ...
Hamburg ship valuation formula adds up, says PwC SHIP valuation standard now fulfils the strict standards of German auditors' association.
Glenda cancels third newbuilding at SLS D'AMICO Shipping and Glencore joint venture cancels third product tanker newbuilding at SLS citing excessive delays
Creditors arrest GA Ferries fleet GREEK ferry line GA Ferries is fighting for survival after creditors hold all eight of its ships.
Carnival lifts annual profit forecast GROUP bullish after posting higher than expected third quarter earnings.
Cruise yard prospects dim CARNIVAL chairman Micky Arison conceded today that no newbuild orders are likely to be placed with yards this year
NASDAQ could eject Aries ARIES Maritime Transport, which is in the midst of a takeover bid by Grandunion, disclosed the threat of a NASDAQ delisting today
PwC blesses Hamburg scheme GERMAN shipping banks and shipowners may be able to avoid crippling asset writedowns following approval of the new Hamburg Ship Evaluation Standard by PricewaterhouseCoopers
Wal-Mart: choppy seas ahead BOXSHIP operators facing overcapacity shouldn't expect much help from the consumer demand side, a Wal-Mart executive told Fairplay
P&O Cruises sells Artemis P&O Cruises has sold the Artemis, as Carnival Corporation continues to renew its European fleet with newbuilds and divest older tonnage
Beware 'vicious circle' at yards FUNDING for European shipyards to build ships will create a damaging subsidies race, Fairplay was told today
Danish consumers confident A DANISH survey has shown that the country's consumers are becoming increasingly optimistic for their country's prospects, IHS Global Insight reported today
Two newbuildings to Maersk Supply Maersk Supply Service took delivery of two newbuildings on September 18, M'rsk Traveller and M'rsk Logger. The M'rsk Traveller was delivered from STX Norway Offshore AS, Brattv'g. The vessel is
Piracy attacks in South China Sea increases South China Sea piracy hits five year high with at least ten reported attacks this year, so far. More reported cases are still being verified, says a ReCAAP (regional cooperation
New CFO in A. P. Møller-Mærsk Norwegian Trond Westlie will take up the position as Group CFO of A.P. Møller-Mærsk A/S on 1 January 2010. He comes from a position as CFO and Executive
Danish owners oppose state aid to shipping The Danish Shipowners' Association opposes European state aid to shipping. "We will fight this to the bitter end", says Jan Fritz Hansen, Vice President in the Danish Shipowners' Association. The
Norden bulker saved 13 crew members from sinking ship The D/S Norden controlled bulk carrier Nord Explorer rescued the crew of 13 from the German controlled container carrier Pacific in the Southern Atlantic, as the latter one started
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