European ports plan to reward ships for cutting emissions Six European ports on Tuesday launched an initiative aimed at cutting emissions from ships with some terminals offering discounts on port dues to cleaner vessels from January next year, officials involved said.
Maersk takes lead in verifying CO2 emissions Maersk Line, the shipping unit of Copenhagen-based A P Moller Maersk A/S, said it is the first company to verify its emissions of carbon dioxide.
LNG tanker tightness hampers deals for smaller players The absence of available tankers currently blighting liquefied natural gas (LNG) trade will continue throughout this winter, throwing the market back to a time when the old majors completely dominated shipping.
A sister for Visemar Line The Italian shipping company Visemar Line has established a new sister enterprise for transporting freight between Europe and the Middle East. The new firm, Visemar Logistic, offer...
TNT: higher revenue but profit drop of 24% in Q3/2010 Amsterdam (Netherlands)-based CEP and postal operator TNT reported a profit slump of 24% during the group's third quarter this year. The TNT Group made a profit of EUR 75 million, ...
Logwin boosts sales and earnings in first nine months of 2010 The logistics service provider Logwin, based in Grevenmacher (Luxembourg), generated a turnover of EUR 1.01 billion in the first nine months of the current year. The company said t...
Easy Freight GmbH: new transport company in Switzerland We have just received the news that a firm called Easy Freight GmbH has started operations. Easy Freight, based in Basel (Switzerland), is an independent transport service provider...
Hamburg S'd adopts IAS EquipmentRepair for container fleet The German ocean carrier Hamburg S'd is adopting the EquipmentRepair system from International Asset Systems (IAS) to manage its global container maintenance and repair programme. ...
A world first ' CMA CGM Group trials new eco-containers The French shipping company CMA CGM was the first to launch bamboo-floored eco-containers in 2005. Now the group is currently testing new eco-containers with non-wood composite flo...
New COO at Lehnkering Service provider Lehnkering has appointed Ingo Freyaldenhoven as its new chief operating officer (COO) of the company's chemical manufacturing services (CMS) division with immediat...
Concerns raised over Asian shipbroking standards Braemar Seascope head says age-old motto of 'our word, our bond' must be adhered to worldwide
Three London brokers awarded licences to trade in China
Singapore grows market share in dry paper clearing
Singapore tax breaks threaten London shipbroking
Iran tanker calls rise despite US ban Sanctions fail to deter product tanker owners and charterers from Iranian market
Sanctions fail to deter Iran port calls
China set to plug newbuild funding gap
Banks will soon do deals that do not include a Chinese element
Chinese finance spurs second Hamburg Süd...
Hanjin posts profit of $196m but bulk division hit by operating loss Box volumes up 2.5% quarter on quarter as lower China demand dents dry bulk volumes
How US vote affects shipping TWO KEY US shipping figures took it on the chin in the mid-term elections
Intermarine to increase fleet INTERMARINE, the US heavy-lift and breakbulk carrier, said today it is seeking to ramp up its fully owned fleet by 2012 by exploiting weakness in ship values and newbuilding prices
More box ship idling seen TODAY'S weakness in box shipping might lead to 200 vessels being taken out of service until volumes rise, BIMCO analyst Peter Sand told Fairplay today
COSCO Corp profits jump COSCO Corp today reported a major rise in net income for the third quarter on the back of higher revenues from both shipbuilding and drybulk shipping
Dover trust sees success THE DOVER People's Port Trust predicted success today in its bid to operate the Channel port
BDI drops to lowest for month THE BDI dropped today to its lowest level in a month amid concern that the world's supply of coal and ships hauling iron ore is increasing faster than demand
SFI seals bulker support JOHN FREDRIKSEN'S Ship Finance International today disclosed new charters and financing for its expanding drybulk fleet
Bleak outlook for aframax tankers German bank sees newbuilding prices plunging even further as sector fights demons.
Genco banks $36m in the third New York-listed bulker owner tops third quarter profit predictions in the wake of supramax shopping spree.
U-Sea trims full year forecast Dry dip forces Ultragas-controlled bulker owner to slash 2010 earnings estimate by nearly 50%.
Quiet farewell for Maria Tsakos Shipowner's daughter Maria Tsakos will be buried today following a private ceremony ahead of weekend memorial at St Nicholas.
STX Europe wielding jobs axe Korean-owned yard group to chop 350 workers at Rauma and Turku in Finland.
Colombo Dockyard bids for duo Sri Lankan shipbuilder shortlisted for repeat ferry newbuilding business in India.
Dof wraps up private placement Investors gobble up $34m worth of shares in Oslo-listed offshore cartel.
Double joy for Fredriksen John Fredriksen's SFI lands deals for remaining newbuildings and 80% debt financing for two recent buys.
CH Offshore in AHTS selling spree Singapore-listed offshore owner offloads another anchor-handler for $1m less than broker's valuation.
Polemis loses huge GKO bond appeal Greek shipowning family's long battle to recover over $700m lost playing the Russian bond market fails.
Tidewater's Q2 profit drained US offshore behemoth's bottom line takes a battering but follows the script of a recent profit warning.
Cosco Corp sees profit soar Singapore-listed group posts big earnings jump in first nine months as shipyards and bulkers thrive.
Knock-on effect for Eidesvik Oslo-listed owner lands longer charter for multi-functional support vessel with Subsea 7 on the back of $100m BP deal.
3 Maj bags state guarantee EU may take dim view of loan backing for Wisby Tankers four-ship order at Croatian yard.
Red Duchess saved from grounding Tug and lifeboat combine to bring Irish cargo vessel into Scottish port after engine failure.
CPP failure ends in lock smash CFL cargoship accelerated before hitting gate at Immingham in UK, probe reveals.
Neste notches more in Q3 Finnish group's tankers improve profitability despite soft rates in Baltic.
Samsung surges in third quarter Korean shipbuilder's profit up by 16% as it meets $8bn annual order target.
Russia agrees freight link Caspian Sea deal will see ferries running from Turkmenistan to boost exports.
Philippines ro-ro runs aground Super Shuttle Ferry was 800 yards from Cagayan De Oro terminal when it beached during low tide.
Excel Maritime tops Street bets Gabriel Panayotides-led bulker owner trumps forecasts in the third quarter as it continues to cut debt.
Genmar sales chatter off target Genmar Alexandra is not a sales candidate despite talk of $12m deal, TradeWinds is told.
Costs keeping Aboitiz back Philippine ro-ro owner posts nine-month loss despite improving freight and passenger markets.
Vietnam port start delayed Singapore contractor Koon says terminals owner's experiencing delays in getting certain approvals.
Seahawk in possible sale Gulf of Mexico oil spill has hit liquidity and revenue generation at Pride jack-up rig spin-off.
Cost control key for Belships Norwegian bulker owner stronger after nine months as it reduces operating expenses.
Maersk Idaho grounds in Suez Container vessel eventually refloated by tugs in Great Bitter Lake after several failed attempts.
Transatlantic secures EUR 52.3 million charter Swedish Transatlantic has secured a four-year charter contract with ENI Norway for the AHTS Njord Viking currently under construction at the Spanish shipbuilder Astilleros Zamakona ' the contract is worth
Crude continues bullish trend Crude oil futures hit six-month high as investors expect a stimulus sized at approximately $500 billion.
Prices firm across the board Almost no demand seen in Hamburg, players report.
Fujairah bunker market firms Tough competition among suppliers in Suez.
Major European ports to reward 'clean' ships New scheme gives discount on port dues when ships outperform IMO emissions standards.
Consultancy proposes shipping GHG trading experiment Says voluntary scheme could complement the IMO's work on market-based measures.
Stage set for WTI high, then consolidation A November rally followed by December consolidation looks quite possible and likely.
Mid-week bunker prices firm Slack demand at key Asian bunker ports, according to traders.
Engine monitoring system offers up to 2% fuel savings Provides crew with real time combustion data, enables optimal engine performance.
'Integrated solution' the way to go ExxonMobil global head of marine fuels talks to Bunkerworld about the challenges in meeting fuel requirements when sulphur limit falls.
Asian residual fuel production 'to decrease' But consumption will fall, increasing refiners' incentive to make less fuel oil, say independent energy consultant.
- 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
