Shipping finance seen picking up next year Bank lending to the shipping sector is set to pick up next year with institutions from Asia looking to expand their financing activities in the seaborne market, a senior official with ABN AMRO bank said on Tuesday.
Baltic index rises on Chinese demand The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose on Tuesday with firmer Chinese iron ore enquiry boosting sentiment.
Hutchison's PARIS system wins CILT Excellence Award Hutchison Ports (UK) Limited is celebrating after its PARIS transport optimisation software won the Chartered Institute for Logistics and Transport (CILT) annual award for Excellen...
Drewry: carrier-shipper relationship changed Drewry Shipping Consultants has said that container lines are putting profits ahead of market share, a change that is redefining shipper-carrier relations, in its annual container ...
Hochtief and Beluga Shipping team up to build ships A joint venture between Hochtief Construction and Beluga Shipping, a German project and heavylift shipping company, has ordered a special lifting vessel from the Crist sh...
Port of Haydarpasa (Istanbul) confirms record shipment by SNS International Transport SNS International Transport, a specialist transport company, has been entrusted to forward project cargo to the Turkmenistan gas desulfurization plant site. The Turkish p...
TRANS develops cooperation solution for larger forwarders TRANS European freight exchange, an internet platform where users exchange information about available loads and vehicles, has developed a highly efficient solution for marketing f...
Logwin gains "lab4style" as fashion client The international logistics service provider Logwin, based in Grevenmacher (Luxembourg), has begun to manage international procurement and distribution for the fashion business lab...
DB Schenker Rail appoints new manager for intermodal division DB Schenker Rail Deutschland has chosen Andreas Schulz to head its intermodal market unit. Schulz is thus assuming responsibility for the tasks previously performed by Karsten...
IEA sees French fuel meltdown THE IEA today joined warnings that France faces a mounting fuel crunch, resulting from a refinery strike that is showing no sign of winding down
Anti-pirate perils warned EQUIPMENT to stave off pirates might be illegal in certain areas, military lawyer Walter Verstrepen has told the Combating Piracy conference in London
US drilling move has small print THE WHITE House has lifted the moratorium on offshore deepwater drilling, but the move could come with a price for the offshore market
Areva, Beluga close deal FRENCH energy and engineering group Areva has agreed to a long-term partnership with shipping services group Beluga Hochtief Offshore for turbine installations in the North Sea
IRISL faces long court case IRISL WILL probably need to wait several years for the European Court of Justice to rule on a challenge it lodged last week to the legality of EU sanctions, a court official told Fairplay today
Burned ship will head for Odense THE SCORCHED Baltic ro-pax Lisco Gloria is reportedly to be towed to Odense in Denmark after it's been stabilised and all fire pockets are put out
Pakistan calls foul on cotton deal PAKISTANI traders are accusing Indian counterparts of backing out contracts for more than 1M cotton bales, industry sources told Fairplay today
Fortress plots SeaCube IPO US private equity giant reappears on the road to Wall Street with a $128m offering linked to Seacastle's container leasing subsidiary.
The price was right for WW Mitsubishi Heavy newbuilding was penned at 2006 prices as part of a "special deal", says Jan Eyvin Wang.
Fairstar flexes in the third Dutch heavy lift owner says spot market was shaky in Q3 but Australian infrastructure projects may offer hope for the future.
Polarcus plots $140m cash quest Oslo-listed seismic owner calls on capital markets to plug financing gap tied to Middle Eastern newbuilding.
Team Fredriksen seizes Golar shares John Fredriksen and Tor Olav Troim throw down $5.4m to top off stakes in Golar LNG Energy as FSRU project hits the crosshairs.
ISC is stacking the shelf New York-listed owner is clearing the way to raise $200m to fund further acquisitions.
Citadel saved Ardmore ship Crew of Irish tanker survived 14 hours in sealed compartment before emerging after hearing pirates give up.
'We will not join the flock' Danaos boss John Coustas talks newbuildings, Greek boxship buyers and George Economou's investment.
Seanergy says no to newbuilds US listed owner wants to double its fleet in the next couple of years but new orders are not an option, Dale Ploughman says.
WW back at Mitsubishi Heavy Wilh Wilhelmsen returns to Japanese yard for a newbuilding with Wallenius Lines also in on the act.
STX to net $400m from IPO Europe's largest shipbuilder is in for a bumper pay day with Singapore float getting underway next week, it is claimed.
Acergy still on the up Oslo-listed offshore player posts better profit figure ahead of Subsea 7 merger.
Otto and Rieber split JV Singapore-listed owner walks away with three vessels and the Norwegian company one as JV gets the chop.
Cargill charters Genco cape New York-listed bulker owner on the brink of sealing one-year deal for the Genco Tiberius.
Cecon saved by bondholder deal Offshore shipowner lives to fight another day after securing refinancing package.
Walvis Bay gets port boost Namibia ready to spend $438m on expanding capacity of container terminal.
Djakarta Lloyd told to hurry up Indonesia's state asset management agency wants struggling owner's restructuring plan completed quickly.
Ardmore tanker in pirate attack Tony Gurnee-led owner's Ardmore Seafarer avoids hijack in Somali Basin incident on Tuesday.
Hartmann ship grounds off Finland Oil or ballast water spill reported as German owner's Nordland, in Feederlines fleet, grounds off Finland.
Stranded crew suffering insomnia Indonesian men on tanker Lady Anna stressed by wage impasse off Bahrain.
Yard worker's body found off Tuzla Istanbul plate cutter found floating in Sea of Marmara may have killed himself.
Canada reveals yard shortlist Davie Yards and Irving Shipbuilding among five bidders for big merchant vessel and defence contracts.
Hyundai Merchant hits record high Korean owner posts best-ever operating profit in third quarter as liner recovery continues.
NOL revenues still growing Neptune Orient Lines sees a fourth consecutive month of strong growth in average revenue per feu.
Piracy costs still uncertain Few statistics make insurance industry's true exposure to piracy difficult to judge, says Actuarial Profession.
BON names new boss Bjorn Remoy has been promoted to the new managing director of Bourbon Offshore Norway.
Wallenius Lines and Wilh.Wilhelmsen place newbuilding order in Japan Wallenius Lines and Wilh.Wilhelmsen ASA have agreed with Mitsubishi Heavy Industries (MHI) to build two new pure car and truck carriers (PCTCs), one vessel each with capacity for 6,500 cars
Somali pirates brought to German court German prosecutors have brought ten suspected pirates to court, the Somali citizens are charged with attacking maritime traffic and kidnapping, the news agency AFP reports. Earlier this year the group
Pirates threaten to sink fishing vessel The pirates who hijacked the fishing vessel Tian Yu 8 threaten to sink the vessel in case any of the international war ships patrolling the pirate infested waters should start
Herning tanker attacked off Nigeria The Danish tanker Tina Theresa was attacked by robbers while on a voyage bound for Lagos, Nigeria. The vessel was boarded some 16 nautical miles south of the entrance to
European owner orders ten cargo ships from STX Sammy Ofer-controlled Zodiac Maritime has placed an order worth USD 1.4 billion at STX Offshore and Shipbuilding in South Korea for delivery of ten 13,000-TEU container ships
Dutch freighter aground in Turku archipelago The Dutch 7,750 DWT dry cargo vessel Nordland ran aground at R'nnsk'r north of Nagu in the Turku archipelago at midninght between October 12 and October 13, 2010. On Wednesday
EcoEmissions technology blowing scepticism out the water Pre-combustion system saves customer 8% on fuel, cleaning up the West Coast is 'just the beginning'.
IBIA members asked to comment on IMO fuel quality discussions Association wants to develop its position following call for mandatory fuel quality control.
Mega container terminal wins government backing Chennai terminal 'will compete with Singapore and Colombo'.
Middle East bunker prices generally rise Healthy avails for distillates in Durban.
Slow-steaming breakthrough for MOL Verifies technique that allows for continuous operation of the main engine in all load ranges.
November fuel oil tax set to rise Russian fuel oil and gas oil exports facing higher duties next month.
Proposal may push up cost of Russian fuel oil Russia's Energy Ministry has suggested shifting the heaviest export duties from crude oil to oil products.
Crew of arrested bunker tanker suffering health problems Crew members are being provisioned through charitable donations.
Mid-week bunker prices mostly strong Mixed demand at key Asian bunker ports, according to traders.
Bunker operations to resume in Fos-Lavera Supplier tells Bunkerworld that workers 'are coming back'.
Bunkering station to be set up in Russian Arctic Specialised supply base will focus on bunkering and services for oil sector.
ExxonMobil sells high viscosity cargo at 'stable price' Demand for high viscosity material remains sluggish, traders say.
Singapore 380 cSt bunker sales at fresh high Bunker sales at the port increase 5.3% on-month and 12.0% on-year in September.
Swedish port moves foward with LNG bunkering Plans to begin delivering LNG as bunkers by 2013.
Flow meters bring new levels of 'transparency and efficiency' 'Strong economic justifications' to adopt flow meters, says regional head of Maersk Oil Trading.
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