US East Coast ports scramble to draw Panama Canal traffic Port officials here are racing to dig six feet (1.8m) of mud from the bottom of the Savannah River by 2014. In the world of major waterway expansions, that is an impossibly tight timeline.
Syria to spend US$800m to develop ports by 2015 Syria plans to spend US$800 million to develop ports and ships by 2015 as it aims to benefit from the reconstruction process in neighbouring Iraq.
Jakarta's oil need to boost vessel demand Indonesia's growing efforts to increase crude oil and natural gas output to meet rising domestic consumption may boost demand for new offshore support vessels next year, according to Norway's DnB NOR ASA.
SmartWay Logistics expanding into Southeastern Europe SmartWay Logistics, an asset-free provider of transportation management services, has opened a new office in Romania, to leverage SmartWay Logistics' core expertise in transportati...
Toll Holdings completes US private placement deal The Australian logistics corporation Toll Holdings has successfully completed an issue of US private placement notes for USD 275 million. The US private placement notes were raised...
Wincanton signs five-year contract with The Carphone Warehouse in UK The British logistics service provider Wincanton has been awarded a contract with The Carphone Warehouse, a leading independent European retailer of mobile phones. The five-year ag...
More ports added to CMA CGM's FAL 3 service CMA CGM's "Otello" containership recently called at the port of Hamburg, as part of the expanded French-Asia Line 3 (FAL3) scheduled liner service. The "Otello"...
Ports set to be upgraded in Bahrain Major upgrades to ports and roads in Bahrain are currently under way, as part of a long-term drive to strengthen logistics in the country. The projects have the additional aim of c...
Wind energy drives BLG Cargo Logistics Handling wind energy plant components is becoming ever more important for the Bremen-based German enterprise BLG Cargo Logistics. BLG said that various customers from the freight f...
CFL Cargo appoints Marcel Theis as COO Marcel Theis recently replaced Marc Polini as chief commercial officer of the Luxembourgian railfreight operator CFL Cargo. Theis joined CFL as head of supply chain management in 2...
Fredriksen says no money in tankers for two years Tanker and dry bulk sectors will remain besieged by overcapacity for the next two to three years says owner of world's biggest tanker company
John Fredriksen celebrates 50 years in shipping
Switch from banking pays admirably for Hanjin boss
The Week Ahead
Grand China Logistics continues shipyard investment push Cash-rich GCL to pay $280m to buy 95% stake in shipyard from Titan Petrochemicals
Taiwanese yard pins its hopes on China
STX OSV secures a new contract for platform supply vessel Contract from undisclosed shipowner brings orderbook total to 50 vessels
Big hopes despite offshore operators' mixed...
Moldovan cargo vessels sinks off Israel Bad weather blamed. Crew of 11 picked up by nearby vessel
UK judge dismisses Sovcomflot charges THE UK High Court today dismissed conspiracy charges against two former executives of Russia's tanker group Sovcomflot
Sovcomflot might appeal SOVCOMFLOT expressed disappointment today over the outcome of its case against two former executives in the UK High Court and indicated it might appeal
No cheers for smugglers SMUGGLERS are getting liquored up for the holidays, according to the UK Border Agency
Tougher US 'magic pipe' rules weighed US PENALTIES for violating MARPOL regulations on bilge water might have to be toughened, a top US Coast Guard official has told Fairplay
IEA raises oil outlook MEDIUM-term tanker prospects appeared better than expected today, as the IEA has raised its 2010-15 oil demand forecast
US seeks trade flexibility PRESIDENT Barack Obama has vowed to make trade easier for US manufacturers of products with potential security risks
STS oil transfers anger UK's National Trust THE UK'S National Trust told Fairplay today it is worried about the government's plan to allow ship-to-ship oil transfers off Suffolk
Is shipping in danger of losing its virginity? Known for his appetite for 'apparently unachievable challenges' it is perhaps surprising that Richard Branson has not to date launched a container line to dovetail neatly into his Virgin Atlantic airline and Virgin Trains businesses; but instead the once 'global warming sceptic' entrepreneur, now an Al Gore convert, has channelled his publicity bandwagon from the Carbon War Room bunker towards 'victory in the shipping battle'.
FMC to increase oversight to facilitate co-operation
Sovcomflot ponders its options Leading Russian tanker group licks its wounds in bribery case but scores victory in commissions claim.
'Resounding victory' for Skarga Exonerated former Sovcomflot boss looks forward to the New Year while Yuri Nikitin stays focused on case.
Pirates raid MSC boxship Swashbucklers with RPGs sail below the Somali Basin to hijack containership operated by affilate of US-listed owner Ultrapetrol.
Courtroom capers From hospital dramas to Nikitin's fridge and Skarga's marital affairs, the Sovcomflot trial has thrown up some choice quotations.
Euroseas bulker nears freedom Hijacked Aristides Pittas-owned panamax and 23 crew close to release after ransom dropped.
Yard giants forge arctic alliance STX Finland and Russia's USC look to build icebreakers with politically charged joint venture.
China Shipping scraps seven Hong Kong-listed China Shipping Development makes good on a promise to clean house as set of 224,000-dwt bulkers hit the bricks.
Sovcomflot nails Nikitin Yuri Nikitin and others told to pay unspecified damages as Dmitry Skarga escapes censure in Sovcomflot corruption trial.
Skarga 'did not enjoy great wealth' Judge finds no evidence the former Sovcomflot boss received huge payments while in control of the Russian shipowner.
Izmaylov 'not dishonest' Luxury holidays with 'charming' Nikitin not bribery of ex-Novoship boss Tagir Izmaylov, judge says.
Sietas wins wind ship German yard seals newbuilding order from Van Oord for offshore wind farm installation vessel.
Statoil takes COSL rig Norwegian oil company takes semi-submersible newbuilding COSL Pioneer on five-year charter.
Quotes of the week FIS boss John B breaks into the Swiss bank and Kayne Anderson is unmasked as a gorilla in our midst.
Aframax price tags set to tank Price tag of aframax tankers set for a significant drop if chat of a Japanese sale rings true.
Wells Fargo issues Genmar alert Equity analyst at US banking giant says S&P rating cuts may take a toll on tanker owner's stock price.
Novorossiysk picks bank Russia's largest port operator by cargo volume has secured funding worth $1.95bn from Sberbank.
New5 in Numb3rs Analyst spots a black hole in DryShips' rig offer while Fred Cheng says a Navios pay-cheque will not be his only shipping income.
STX Finland and USC in joint venture STX Finland Oy and the state-owned Russian company United Shipbuilding Corporation have formed a 50/50 joint venture, Arctech Helsinki Shipyard Oy, which will purchase the Helsinki shipyard from
Spanish switch off Somalia The Spanish combat replenishment ship Patino will join the EU Navfor fleet fighting piracy off Somalia. On December 14 Rear Admiral Juan Rodriguez and his crew of 148 will assume
Bunker markets see little change Crude futures drop as China tightens bank-reserve requirements.
New Orleans player begins LSFO supply First batch of ECA-compliant fuel sold out, hoping to offer regular supply in the new year.
Fujairah IFO prices soften Product availability very restricted in Durban, according to sources.
Bunker prices 'stable' 'Very low' avails of LS 380 cSt product in Rotterdam.
IOC sells four fuel oil parcels Increase in export volumes 'due to refinery expansions'.
New trader for Polish supplier Barbara Ogiejko joins Ship-Service SA.
Russian single-hull bunker tankers face new deadline Major players 'have been preparing' for the MARPOL double-hull requirements.
Scrubbers: Technical problems 'can be overcome' Scrubbing technology 'will be financially viable' for ships operating in ECAs.
Bunker prices firm as week closes Mixed demand at Asia's key bunker ports, traders say.
US port to launch cold ironing facility for ships Shore-side electrical system will initially power one ship at a time, according to port authority.
Hong Kong bunker avails stable into January Supply tightness in the market has eased, according to local traders.
Titan to sell majority stake in shipyard Signs agreement to sell 95% stake in its shipyard in Quanzhou, China for $367 million.
Owners keen to use ISO 8217:2010 Some already testing against revised standard, questions over extra cost of fuels that meet latest requirements.
Policy on STS transfers set to be altered Plans to instil a regime that will restrict transfers outside harbour authority areas to a single designated area within the UK Territorial Sea.
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