US Gulf Coast tanker rates surge The rate to charter oil and product tankers in the Caribbean and US Gulf Coast (USGC) region has surged by 50 per cent or more over the last week as tankers confront the massive oil spill in the region and brave stormy seas, shipbrokers and analysts said on Monday.
Morgan Stanley sees rise in supertanker rates Supertanker shipping rates may surge if the oil price spread between contracts widens further, encouraging traders to use the tankers to store crude, Morgan Stanley said.
Rongsheng revives IPO plan Jiangsu Rongsheng Heavy Industries Co Ltd has appointed Morgan Stanley and JPMorgan to finalise plans for its long-awaited initial public share offering in Hong Kong, aiming to raise up to US$1.5 billion in the fourth quarter, sources told Reuters yesterday.
Mississippi pilots vow to keep shipping lanes open
Strait Talk
Food for thought, GL-style MUCH of the shipping world was in Singapore last week, but not quite all of it. Classification society Germanischer Lloyd (GL) - or at least its top man, Hermann Klein - was in London.
US Gulf Coast tanker rates surge The rate to charter oil and product tankers in the Caribbean and US Gulf Coast (USGC) region has surged by 50 per cent or more over the last week as tankers confront the massive oil spill in the region and brave stormy seas, shipbrokers and analysts said on Monday.
Morgan Stanley sees rise in supertanker rates Supertanker shipping rates may surge if the oil price spread between contracts widens further, encouraging traders to use the tankers to store crude, Morgan Stanley said.
Rongsheng revives IPO plan Jiangsu Rongsheng Heavy Industries Co Ltd has appointed Morgan Stanley and JPMorgan to finalise plans for its long-awaited initial public share offering in Hong Kong, aiming to raise up to US$1.5 billion in the fourth quarter, sources told Reuters yesterday.
Mississippi pilots vow to keep shipping lanes open
Strait Talk
Food for thought, GL-style MUCH of the shipping world was in Singapore last week, but not quite all of it. Classification society Germanischer Lloyd (GL) - or at least its top man, Hermann Klein - was in London.
OOCL launching new service OOCL will introduce a new China/ Thailand/ Vietnam service (CTV) on 5 May, using 4 x 1,300 teu vessels. The port rotation will be Dalian, Xingang, Qingdao, Xiamen, Hong Kong, Ho Ch...
More containers for Fesco The Russian shipping company Fesco transported 76,671 teu in its container shipping sector in Q1/2010, 22% more than in the same period in 2009. In the intermodal transport se...
Chittagong port opening up The port of Chittagong (Bangladesh) is ready to carry out the government's decision to open it to neighbouring countries, according to the port authority chairman R.U. Ah...
Leimgruber opens new logistics facility near Zurich Paul Leimgruber + Co, a Basel (Switzerland)-based transport and logistics company, opened a new branch office in Embrach-Embraport near Zurich at the beginning of May. The logistic...
ING Real Estate builds new logistics premises for Dachser ING Real Estate Investment Management Germany GmbH is building a 22,600 sqm logistics facility in Neu Isenburg near Frankfurt/Main (Germany). Completion is slated for autumn 2...
Davies Turner signs agreement with Deutsche Transport-Compagnie Davies Turner & Co Ltd, a UK-based independent multimodal transport provider, is boosting UK importers' and exporters' links with Bavaria (Germany) and Central Europe...
ANA reports international cargo increase but fiscal year loss The Japanese carrier All Nippon Airlines (ANA) recently published its results for 1 April 2009 to 31 March 2010. It said that the net loss of USD 616 million for its past...
American Airlines Cargo boosts frequency and capacity from Ireland The US carrier American Airlines (AA) has increased flights from Dublin (Ireland) to Chicago IL (USA) from four times per week to daily in its summer schedule. In additio...
CMA CGM prepared to ditch newbuilding orders Line reveals extreme action as it returns to black, predicting significant profits for 2010
CMA CGM slams box line bail-outs
Sustained container shipping recovery under way Box lines continue to announce capacity additions on selected trades, while shippers appear resigned to higher rate levels
Carnival ties up $1.4bn Fincantieri deal Cruiseships headed for Carnival's upmarket Princess brand
Brookfield studying Dalrymple Bay expansion Terminal expects to gain from demand surge as global economy recovers
Netherlands considers ports merger Think tank suggests closer co-operation or a full-blown merger of Rotterdam and Amsterdam ports
Spill causes gas shut-ins TWO OFFSHORE natural gas platforms in the Gulf of Mexico have been shut down because of the oil slick from the Deepwater Horizon disaster
$68.4M voted for Savannah GEORGIA lawmakers have approved $68.4M in the state's 2011 budget to deepen Savannah's harbour to allow post-Panamax box ships to call
Haiti changes port strategy HAITI'S WIN Group has told Fairplay it intends to expand its planned Port-au-Prince project now that the government has pledged to seek private investment in port infrastructure
Talks set on French barge fight FRENCH barge operators are to meet shipping companies and brokers tomorrow in a protest that has has stopped traffic on northern and eastern waterways
Crude Carriers takes VLCC option RAPIDLY expanding Crude Carriers Corp today disclosed an option from sponsor Capital Maritime & Trading for a VLCC newbuilding
Fjord Line launches new ferry route Fjord Line A/S has opened the fastest connection between Hirtshals and Kristiansand with the HSC Ferry Fjord Cat. The new service will sail between the two cities on two
Petrobras to state fuel sulphur content at delivery Will document actual sulphur on the Bunker Delivery Note because Brazil has ratified MARPOL Annex VI.
Little price movement in Rotterdam, Hamburg Bunker prices in south Europe lacked direction on Tuesday.
UK port prepares for more cruise ships Aegean says it will welcome enquiries from cruise operators.
Slight gains in Middle East hub Good demand in Durban.
DNVPS survey exposes 0.1% sulphur issues Lack of uniform regulatory standards noted, 15% experience technical difficulties caused by fuel changeover.
Jail sentences following bunker spill Norwegian court finds two Chinese officers guilty of breaching pollution laws.
BAF revisions from Swire Shipping Announces increases on several routes after a month of rising bunker prices.
Russian fuel oil output shows growth Energy Ministry says output rose by 6.4% in the first four months of the year.
IFO prices show mixed movements Busan prices increase on the back of higher demand.
Nuclear-driven box ships 'will come' In view of rising pressure on shipping emissions, says classification society.
Vitol opens $130 million Florida terminal 'State-of-the-art' terminal to inject $30 million per year into region's economy.
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