Chinese, Indian crude buyers seen driving tanker activity Chinese and Indian crude oil buyers will drive activity on larger tankers in the coming months and rates are expected to hover slightly below historical averages, leading brokerage Poten & Partners said on Tuesday.
Maersk Drilling plans to order more rigs Maersk Drilling, which has the second-youngest fleet of oil rigs, aims to order a new one every six months as rental rates rise and competitors buy each other or combine, its chief executive officer Claus Hemmingsen said.
Copenhagen-bound ferry in fiery scare A fire on the car deck of a passenger ferry with 600 people on board set Scandinavian rescue authorities on high alert yesterday, but the ship's operator said that the situation was under control and no evacuations were needed.
Hapag-Lloyd back on secure footing in current financial year The German shipping company Hapag-Lloyd AG has published its first interim group report for Albert Ballin Holding for the third quarter and the first nine months of the 2010 financ...
John Brown to spearhead Coyne Airways Coyne Airways has appointed John Brown as director of sales USA. The appointment will see Brown lead Coyne Airways' commercial activities in North America, heading up the company's...
DP World handles 15% more containers in first nine months DP World recently announced that it handled 13 million teu across its portfolio of 50 operating terminals in Q3/2010, an increase of 14% vis-a-vis the same period last year. In the...
Logistics market study Switzerland 2010: slight decreases in 2009 Professor Wolfgang St'lzle, logistics management chair (Log HSG) at St Gallen University, presented the fourth new edition of Logistics market study Switzerland 2010 t...
Whirlpool: three year warehousing contract for Norbert Dentressangle Whirlpool (UK) Ltd, the UK subsidiary of Europe's leading white goods brand, has outsourced the management of its UK national distribution centre to Norbert Dentressangle. The new ...
Swiss Post Solutions: three-year contract renewal with Canon Swiss Post Solutions Ltd has announced a three-year contract renewal with Canon (UK) Ltd and Canon Europe Ltd, thus continuing its long-term association with the UK and Europe...
Shipowners raise alarm over new accounting standard Rule forcing long-term charter deals to be recorded as liabilities could limit owners' access to ship finance
Odfjell warns as losses mount WEAK market conditions have dragged Odfjell deeper into the red in 3Q10
Long Beach box volumes rocket BOX VOLUMES in Long Beach are continuing to boom, reaching a three-year high last month
Gdynia lays a keel after all GDYNIA'S shipyard has resumed production, more than a year after it was believed to have seen its last shipbuilding work
Savannah deepening approved THE US Army Corps of Engineers has approved a plan to deepen 58km of Savannah's shipping channel to as much as 15m
Kochi terminal planned as PPP COCHIN Port Trust has decided to pursue its scheme to build an international bunkering terminal in Kochi as a public-private partnership
Chennai drivers halt strike WORKERS have called off a four-day strike in Chennai after winning a pledge that the port would improve access roads
Crack ends Indian cruise A CRUISE ship has been rescued on its first voyage for its new owner after it developed a crack and tilted off India's Goa coast
DRYS delivers Wall Street win Better than expected drilling revenues help DryShips deliver third-quarter beat and George Economou says the best is yet to come.
Chileans chase liner dream Former CSAV bosses hunt cash to back new South American shipping line, sources say.
Wintermar launches offshore IPO bid Indonesian anchor-handler and support ship owner's offering over-subscribed by five times.
Norstar beefs up Asian empire Monaco-based tanker owner forges alliance with Singaporean shipmanagers as Bonehill brothers eye expansion.
Fesco falls through to third Eastern Russian container line sees big profit drop in first nine months.
Denmark's DFDS doing the business Takeover of Norfolkline boosts ro-ro owner's nine-month revenue as profit soars.
Pittas plots more box buys Euroseas and spin-off Euromar have the gas to add an extra eight containerships, Greek owner says.
Dynacom tanker escapes Greek owner's suezmax Samurai comes under fire from pirates off Maldives but escapes seizure.
Scorpio boys buy in to issue Robert Bugbee tops executive spending as Scorpio Tankers moves on with share sale.
Two yards vie for ice deal Russian state ports agency has shortlisted USC and Nordic Yards for icebreaker contract.
Farstad breaks newbuilding duck Failure to secure modern second-hand tonnage spurs Oslo-listed owner's first order in over four years.
Offshore joy for Korea's Daewoo Seoul-listed shipyard adds another $200m deal to its growing offshore orderbook.
Axel Eitzen steps up to the plate Camillo Eitzen will plough over $12m into subsidiary Eitzen Maritime Services as part of move to fix its balance sheet.
Greek ro-ro goes aground NEL Lines cargo vessel suffers small tank breach after grounding off Lefkada en route to Italy.
"Squalid" cargoship held in the UK Crewman on Turkish-operated vessel resorted to heating his cabin with a kebab grill.
Contract cheer for Norden Analysts point to sharp rise in the owner's dry-bulk contract coverage as Q3 bottom line disappoints.
Direct Marine facing the end Houma shipyard's attorney to file for liquidation as bankruptcy reorganisation looks set to fail.
Arklow ship runs aground Irish owner's Arklow Raider runs into "nasty night" en route to UK as storm also hits Red Duchess.
Fire breaks out on DFDS ro-ro Crew manage to extinguish car deck blaze on Pearl of Scandinavia, no injuries reported.
Odfjell heading further into the red Norwegian chemical tanker owner hammered by depreciation, tax and lower revenue in first nine months.
Rates cut Seanergy's net Dale Ploughman-led Greek bulker owner suffers slump in profit as larger fleet earns smaller rates.
Ferry crew fined over papers Transport Canada acts against two officers lacking certificates of competency.
Small is beautiful for Fisher UK group says the 4,000-dwt tanker market has largely recovered, while weakness persists for bigger vessels.
Keppel loses fire claim appeal Cebu yard must pay out after blaze gutted WGA's Superferry 3 in 2000.
Another DFDS ferry caught fire on the car deck DFDS has been hit by another fire on the car deck on one of its passenger vessels. On November 17, a fire broke out in the early morning hours on
Skuld and Danish Defence Club merge Norwegian P&I club Skuld and the Danish Defence Club have decided to merge under the name of Skuld. The companies have had a close cooperation through their Copenhagen offices
DFDS orders two ro-ro ships for naval contract DFDS Seaways has signed a contract with P+S Werften G.m.b.H. (former Volkswerft) at Stralsund for two ro-ro units with a capacity of 3,000 lane metres on deck and
LNG bunker terminal to Hirtshals The Port of Hirtshals has entered a strategic agreement with Norwegian Gasnor for the establishment of an LNG bunkering terminal at Hirtshals. The terminal will be ready in 2012 and
Successful Arctic voyage The Russian icebreaking container vessel Monchegorsk, built in 2008, has returned to the port of Dudinka from a successful commercial test voyage from Murmansk to Shanghai via the Northern Sea
Crude inventories steadily declining Analysts say the slow US recovery will improve global demand for crude futures.
Double-digit drops in Rotterdam, Hamburg WTI prices showing more losses in early trading.
Ecospec to demonstrate CSNOx scrubbing system Exhibition in Mexico hopes to give greater insight into Singapore-based technology.
$200 million credit line for Russian supplier Money will 'complete the financing' of liquid bulk cargo terminal.
Prices weaken in Fujairah, Durban Some tight barge schedules reported in Fujairah.
Bunker supplier responds to spill fears Company says its new English Channel bunkering station 'provides a higher level of environmental protection than ever before'.
Rotterdam figures show surge in MGO demand Increase coincides with introduction of EU sulphur directive.
Fog in the Turkish Straits Bunker players hit by vessel delays.
Bunker prices continue to fall Mixed level of enquiries at Asia's bunker ports, traders say.
South China imports bonded bunkers in November Importers are Sinopec (Hong Kong), Chimbusco and Brightoil.
Rosneft posts 26% jump in Q3 bunker revenue Increase in bunker sales due to seasonal demand and company expansion, says company.
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