Baltic falls further despite stronger outlook The Baltic Exchange's main sea freight index continued to fall on Friday although the outlook for the end of the year was bullish, according to a poll on Friday.
Fredriksen revises Chinese vessel orders Shipping companies led by Norway-born billionaire John Fredriksen renegotiated the terms of orders for oil tankers and coal and iron ore carriers due to be built by a Chinese shipyard.
Major Norbert Dentressangle investment in UK Norbert Dentressangle Transport Services has invested in 33 new vehicles to support customer growth in its UK specialist services operations. The new vehicles include 26 Renault Mi...
Arvato Services expanding transport management services Arvato Services, a German logistics service provider that belongs to the Bertelsmann Group, now offers large customers added in-house transport solutions. The firm has opened a spe...
In Time Express growing in Hungary and Germany The German courier and express service provider In Time Express Logistik is adding operational space at several branches, in response to recent growth in the number of consignments...
German shipping industry expects freight rates to decline further A survey conducted by Roland Berger among liner and charter shipping companies, issuing companies and banks has found that the German shipping industry has not yet fully recovered ...
Accident at India's largest container port hampers operations An accident at Jawaharlal Nehru Port, India's largest container hub, held up ship movements at one of its six berths for ten days and caused huge losses. The "Lahore Express"...
August container traffic surges 24% in LA and Long Beach Container traffic through California's twin ports of Los Angeles and Long Beach rose by 24% last month compared to one year ago. This represents the highest level for LA since Augu...
WTO comes to decision on EU case against US over Boeing The World Trade Organization (WTO) has come to a decision on a case brought by the European Union concerning possibly illegal US subsidies for Boeing. The provisional decision, whi...
FIS ready to roll out electronic trading platform London broker set to launch Singapore based exchange to rival Baltic Exchange central screen
Shipbrokers refuse to back Baltic central screen
Mixed reaction to dry central screen
Baltic plans FFA central screen by end of year
ICAP developing ship steel plate swaps Broker developing futures product that will enable yards to better manage price...
MHI warns over Japanese steel prices
Asian shipowners say stronger action needed on South China Sea piracy More efforts must be made to prevent crime in the seas off Indonesia and Malaysia.
Singapore maritime trusts look forward
Maersk to increase use of Singapore flag for new vessels Goal is to add 30 vessels to current 77 over the next three years.
Fredriksen restructures orderbooks FRONTLINE today said it has restructured its VLCC newbuilding orderbook at Chinese shipyard Jinhai HI
Behind Fredriksen's moves MARTIN Korsvold, shipping analyst at Pareto Securities in Oslo, has concluded that John Fredriksen emerged from today's newbuilding roulette with "essentially one VLCC for free, which is not bad"
The slow boat to anywhere Recently Maersk Line made a bold statement in a customer advisory that in the area of on-time delivery, slow steaming had been critical. 'By improving schedule reliability, slow steaming helps to ensure that our customers' products arrive at their destination on time.
Shippers welcome FMC demand - as TSA slams it as 'burdensome'
New barge terminal for Paris
Yangtze River's Wuhu port to expand
European ports ask EC for more money
Commission proposes to extend Singapore liner block exemption
Frontline in new yard deal Frontline, which has placed its large VLCC newbuilding programme at the Chinese shipyard Zhoushan Jinhaiwan, has renegotiated the size of the series. At first Frontline ordered six VLCC newbuildings at
Laid up coaster sold to Russia The laid up coaster Malene has been sold to a Russian buyer ' the vessel will now be registered at the Marshall Islands. The Malene has been laid up at Svendborg
Nordane takes delivery of Canadian built tug Nordane Shipping of Svendborg has taken delivery of its very last Canadian-built tug. The tug, hull no. E97 from Irvine Shipbuilding Inc in Quebec, was named Stevns Battler in
US bunker prices go their own way Crude oil futures settle at lowest price since August 31.
Bunker prices firm in northern Europe Barging congested for prompt deliveries in Hamburg.
Prices end the week with slight gains NYMEX were showing slight losses in early trading.
WFS to raise up to $219 million for 'corporate purposes' Public offering of common stock priced at $25 per share.
'No realistic replacement' to carbon-based fuels in next 25 years DNV chief predicts 20-30% improvements in energy efficiency and says ships must be built with flexible fuel solutions.
Ship detained for breaking sulphur regulations UK's Maritime and Coastguard agency holds car carrier for two days.
Fuel oil loadings unaffected by fire at PDVSA terminal No notification of any disruption, says trader.
Week ends with 'mostly stable' bunker prices Demand in key Asian bunker hubs mostly average on Friday.
Underwriters see scant evidence of engine damage from LS bunkers Only one low-sulphur fuel-related claim cited at IUMI conference.
Demand for natural gas to 'grow significantly' Owners of marine vessels are considering natural gas as a 'preferred fuel' in emissions sensitive high population areas, says senior advisor of CSIS.
Karachi struggles with IFO supply shortage Bonded 380 cSt product still not available, 180 cSt supplies vary from supplier to supplier.
New trader joins Chemoil-Adani Experienced trader holds a masters degree in oil trading.
Chimbusco bonded bunker sales up 4.7% in August Sells 25-27% more bonded bunkers in the first eight months of 2010 compared to the same period in 2009.
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