Baltic index rises as iron ore boosts capesize activity THE Baltic Exchange's main sea-freight index, which tracks rates to ship dry commodities, rose for a second session on Friday as iron ore enquiry bolstered activity for larger capesize vessels.
Tanker owners may suspend leasing OWNERS of supertankers delivering the world's seaborne crude oil may emulate industry leader Frontline Ltd and stop leasing the vessels until a plunge in rental income is reversed, shipping analysts said.
Successful coal handling with Gottwald mobile harbour crane in India The Indian company Jindal Steel & Power Limited (JSPL) recently completed a successful continuous-duty coal handling performance trial with a Gottwald G HMK 6407 B mobile harbo...
Container leviathan "Hanjin Korea" makes first call in Hamburg The "Hanjin Korea", the largest containership operated by South Korea's Hanjin Shipping Company Ltd (Seoul), made its maiden call at the port of Hamburg at the beginning ...
Port of Rotterdam on a roll thanks to UK ro-ro volumes The port of Rotterdam reported that its throughput to and from ro-ro vessels rose to 8.3 million t in H1/2010. This is 8% higher than the first half volume in 2009. This surge can ...
Logwin boosts interim sales and operating result Logwin, a forwarding and logistics corporation based in Grevenmacher (Luxembourg), succeeded in markedly boosting its H1/2010 turnover vis-à-vis the same period in 2009. The interi...
Wincanton sells recycling activities in UK The British logistics service provider Wincanton is to dispose of its recycling business by selling the assets to the Sims Group UK. Approximately GBP 17.5 million will be paid in ...
Advance International Transport coordinates multi-port freight shipment for Mitsubishi The international project freight forwarder, Advance International Transport, has successfully co-ordinated the shipment of oil industry project cargo from two countries for Mitsub...
Satomec AG expand product management division Satomec Automation Systems, an automation company based in Cham (Switzerland), is augmenting its product management and support sector as part of an expansion drive. Due to steadil...
Ship security fears grow after latest attacks MOL tanker blast and breaches to Gulf of Aden transit corridor raise fears of heightened risk to shipping across Middle East
Red Sea and Gulf of Aden lead piracy hotspots
Shell warns of rising piracy threat in Gulf of Guinea
Odfjell will not avoid Gulf of Aden despite latest pirate attack
US box imports 'may have peaked' Peak season may have arrived early this year and volumes likely to slacken off after...
Toll sees easing in capacity shortfall
Singapore cuts port concessions Shipping industry's gradual recovery is behind decision to phase out measures.
Shipowners slow to embrace energy efficiency
Tepid demand in Asia depresses Australian thermal coal prices Chinese traders are placing inquiries for prompt cargoes but won't pay more
State terror ruled out in VLCC blast AN MOL VLCC was attacked last week not by state-sponsored commandos but by a rogue terrorist group, a US intelligence source close to the investigation told Fairplay today
Inmarsat seals $1.2Bn order MOBILE satellite services company Inmarsat told Fairplay today it has ordered $1.2Bn of satellites to deliver high-speed broadband to ships
Maersk to pocket $2Bn in 1H10 DENMARK'S AP Møller-Maersk should bag net profits of about $2Bn for 2010's first half, a shipping analyst told Fairplay today
China to build Karachi refinery CHINA has agreed to set up a major oil refinery in Karachi, a Pakistani oil ministry official told Fairplay today
Is Frère still in the running? CMA CGM told Fairplay today it is continuing talks with "several investors" about its attempt to recapitalise ' but it declined to say whether Belgian financier Albert Frère was still among them
Singapore, Taiwan: power couple AN EXCITING new trade partnership might be forming in Southeast Asia, as Singapore and Taiwan start flirting, IHS Global Insight reported today
ACS sells Spanish assets SPAIN'S Activitades de Construccion y Servicios has sold the Spanish assets of its Dragados port and logistics sevices subsidiary to a consortium of institutional investors advised by JP Morgan Asset Management
2011: mirabilis or horribilis the jury is out The H1 reporting season is in full flow; financial news sheets are awash with bullish strap lines, the word 'profit' is back on top.
Pirates encouraged to attack again
NOL notes first profit in more than a year
Trio capitalise on SE Asia/ME/India trade boom with new service
Danish coaster in compulsory auction in Miami The Danish owned coaster Stella Maris will be sold at an auction in Miami, Florida, at the beginning of September. The vessel was detained in March, after twelve crew members
Terrorist attack against super tanker The Japanese tanker M. Star was the subject of a terrorist attack when it sailed through the Strait of Hormuz on July 28, reports the United Arab Emirates state news
Norfolkline ferry in collision with fishing vessel The Norfolkline operated ferry Scottish Viking yesterday evening collided with the local fishing boat Homeland off St Abbs in Scotland ' one fisherman is still missing and the British coast guard
Another ship hijacked in the transit corridor Yesterday afternoon, the cargo ship Syria Star was hijacked in the Gulf of Aden while sailing in the Internationally Recommended Transit Corridor with a cargo of sugar, reports EU Navfor
Debunking the food versus fuel debate As shipping considers whether biofuels are a feasible alternative for bunkering a new report sets the record straight.
Firmer fundamentals boost bunker levels BW380 rising by more than $20 this week.
Friday sees softening markets Market levels following movements elsewhere.
Prices weakening in key north Europe ports Mixed price movements in southern Europe.
Study points to deteriorating bunker fuel quality since 2003 Viswa Lab's True Worth Index (TWI) benchmarking of bunker fuel showing two regions 'head and shoulders' above the rest.
Alaska and the North American ECA US EPA administrator talks about the reasons behind the 200 nautical mile zone, the alternatives ahead of 2015 and international leadership.
DNV chief says LNG challenges can be overcome Difficult to understand why the shipping industry has not switched to LNG as a bunker fuel, says Madsen.
Prices end the week mixed NYMEX showing further losses in early trading.
Tanker 'was target of terrorist attack' Concerns for security in Strait of Hormuz.
Catalyst system promises quick return on investment Reports nearly 20% average fuel savings for coastal vessels along with reductions in harmful emissions.
Bunker tanker passes EMSA 'acceptance test' Aegean Bunkers at Sea vessel will 'reinforce oil spill response' capacity.
Week ends with dip in IFO prices Supplies ample at key Asian ports.
Singapore extending port dues concession Reduction in port dues will continue until the end of March 2011.
Former BP staff defend departures Highlight internal policy changes and use of 'fear tactics' in managing staff.
Chinese terminal ends hull cleaning operations Most oil from last month's pipeline explosion has been cleared.
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