'Breakdown' at BP to blame for oil spill: Obama US President Barack Obama on Saturday blamed the massive Gulf of Mexico oil spill on 'a breakdown of responsibility' at energy giant BP plc as he unveiled a commission to investigate the disaster.
Kerry Logistics expanding in Thailand Kerry Logistics, which is part of the Hong Kong-based Kuok Group, has expanded handling capacities at its terminal in Thailand's port of Laem Chabang. The company recently took del...
ITG and Sertrans to collaborate Sertrans Lojistik (Turkey) and ITG GmbH Internationale Spedition + Logistik (Germany) have signed an exclusive partnership agreement. Sertrans plays a leading role in overland serv...
Stute growing thanks to paper logistics The Bremen-based German logistics service provider Stute Verkehrs-GmbH started operations in a multi-user logistics centre in Neuss-Holzheim on 1 April. The 14,000 sqm warehouse is...
ICS condemns US liability plan US PRESIDENT Barack Obama's proposal to change liability caps for tankers and other vessels could make ships uninsurable, the ICS has warned
OGX targets second FPSO BRAZILIAN oil company OGX has reportedly announced that it expects to finalise a deal to obtain a second FPSO within three months
Finland-Vietnam seek $1Bn in trade FINLAND and Vietnam have agreed to increase trade and investment to $1Bn over the coming years, IHS Global Insight reported today
Wilhelmsen buys Chile business NORWAY'S Wilhelmsen Ships Service told Fairplay today that it has bought a Chilean marine equipment company
Man killed at UK port A MAN WAS reportedly killed today by a collapsing crane at the UK port of Harwich
Greece plans port upgrades DEBT-RIDDEN Greece has announced the tender of €3.9Bn ($4.8Bn) worth of infrastructure projects with a focus on port development, IHS Global Insight reported today
21st Century procrastination Strikes in South Africa, political unrest in Greece and Thailand, pirates in the Gulf of Aden: all in a day's work for the 21st Century liner company. Indeed, modern technology empowers ocean carriers with the ability to react quickly to such situations that potentially affect the performance of their fleet, with a Big Brother-like eye on the nuts and bolts of its ships.
Carriers raise emergency congestion surcharge in South Africa
Horizon hero hits the US Gulf Captain hailed as Deepwater Horizon hero bounces back to sea to complete BP charter onboard Tidewater PSV.
Fafalios takes helm of GSCC. London market gets a new voice for Greek shipping as Haralambos Fafalios succeeds Pandi Embiricos.
Ridgebury waits till next week Bob Burke-led Ridgebury Tankers packs up sales campaign for the weekend after failing to lure investors on Wall Street's rough week.
Frontline bags a boost John Fredriksen-led tanker titan scores upgrade as Lazard Capital Markets weighs in on first-quarter 'beat'.
Crisis hits Knutsen IPO Tumbling financial markets raise questions over plan for Oslo listing for shuttle tanker owner.
Tidewater to splash $712m Dean Taylor-led offshore giant set to swell after beefing-up massive OSV fleet by snagging 36 ships.
Jensen: 'Tanker openings limited' Opportunities to buy cheap or distressed assets have been thin on the ground, Frontline CEO says.
French Navy in Somali gunfight Warship Nivose deploys machine guns after coming under fire during escort mission off Mogadishu.
Aframax in US drugs bust Two Colombians arrested after cocaine found on PDVSA tanker at Corpus Christi port.
Erria sheds boxship brace Danish owner offloads pair of containerships as it increases its focus on product tanker operations.
Halifax to refloat dock Canadian shipyard prepares to raise sunken repair facility that caused oil spill.
Seized crew call owners Kidnapped masters of Balthellas and Limarko ships make brief contact after being smuggled to Nigeria.
Bulker attacked off Somalia Handysize Nord Sincere escapes hikacking close to Equator while warship helps ro-ro Dubai Moon.
Sell-off spurs Golden upgrade John Fredriksen-controlled bulker owner Golden Ocean raised to hold at Arctic Securities following recent stock slump.
Neste enjoys tanker rate rise Finnish oil and shipping group posts bigger first quarter profit as markets improve.
Quotes of the week Torm and Galbraith's suffer withdrawal symptoms and the Gulf oil spill puts the wind up BP.
Tug brings barge under control US vessel hooks drifting unit back up in Columbia River after tow rope broke.
New5 in Numb3rs Rising second-hand prices end Chinese owner's buying spree while Norden quartet end up in the hands a Russian private equity fund.
Swiber swoops for $618m deal Raymond Goh-led offshore shipowner secures huge contract with a mystery oil company in south Asia.
Cecon faces cash crisis Norwegian offshore vessel owner postpones interest payments due to continuing delays to Davie newbuildings.
Ferry beached after suffering leak Norwegian vessel Fusa grounded to avoid sinking after it hit quayside.
Havyard lands double PSV deal Saevik family-owned shipbuilder secures newbuilding order potentially worth almost $110m.
Crew saved after cargoship sinks Nineteen men picked up from Shun Anxing which went down off Vietnam, causing oil slick.
Asleep at the wheel Accident probe finds Solvtrans fish carrier grounded off Scotland after tired watch officer nodded off.
Losing start for Eidesvik Oslo-listed offshore owner posts first quarter red ink due to falling income and currency losses.
Wilmar eyes a dozen Singapore trading company looks set to order up to 12 Kamsarmaxes at Chinese shipyards.
Termination fee lifts ITC Profits rise at John Fredriksen-controlled tanker company thanks to charter termination fee.
Supramax surge fires up Eitzen Danish bulker player sees profits almost triple compared to a year ago on run-up in freight rates.
Frontline opts for big payout John Fredriksen tanker giant makes first quarter profits of nearly $80m; declares 75 cent dividend.
MISC in $900m yard IPO? Possible fund values differ wildly as Malaysia Marine & Heavy Engineering likely to list this year.
Fewer accidents in the wake of the crisis In 2009, 52 seamen lost their lives in EU waters, which is less than the 82 deaths in both 2007 and 2008 as well as the 76 deaths in 2006
Nordic Tankers to switch flags on two vessels Nordic Tankers has decided to transfer two chemical tankers to the Danish flag and hand in its notice to leave Torm's LR1 pool; it only has one only vessel in
Optimism in the Danish shipping community "We are optimistic about the future as we see growth in most markets at the moment" says Lars Vang Christensen, Herning Shipping, and chairman of the Danish Shipowners' Association. "If
Tallink adds seasonal cargo capacity Tallink Silja will introduce additional cargo capacity for the summer in the Turku'Stockholm service. The ro-pax vessel Regal Star will be transferred to this service from June 16
Major price correction underway But still room for bunkers to fall further.
Weakening markets the norm Prices yet to find their bottom as week ending.
Fuel terminal proposal to comply with environmental requirements Port of Long Beach extends deadline as it looks to expand to meet future demand.
Big drops across Europe Piraeus customs closed on Monday due to local holiday.
Japan imports fuel oil as market tightens Price differential between Tokyo and Singapore for 380 cSt material widens to more than $90.
Further losses in Fujairah NYMEX showing slight gains in early trading.
More container ships could be reactivated But fears remain of surplus capacity at a time of rising bunker costs.
ISSA: Shipowners need to be more open about cash flow problems Ship supplier should work with ship managers to overcome shipowners cash flow problems, warns ISSA.
Bunker fuel leaking from sunken ship Chinese cargo ship went down in high seas.
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