US grain export push fails to lift freight rates The fastest US grain harvest on record is pushing large volumes of corn and soybeans to export terminals in the United States earlier than usual, but ocean freight rates remain sluggish due to vessel oversupply.
Pirates board S'pore-registered vessel SUSPECTED pirates have boarded a Singapore-registered vessel 90 nautical miles (165km) from Mombasa, Kenya, the Maritime and Port Authority of Singapore (MPA) said yesterday.
German maritime throughput rises by 8% Germany's maritime shipping industry carried approximately 8.1% more cargo in H1/2010 compared to H1/2009, according to provisional data released by the federal statistical office ...
German logistics prize 2010 goes to Nord Stream The Swiss service provider Nord Stream, based in Zug, has been presented with the German logistics award, sponsored by the German Logistics Association (BVL). The jury selected the...
Kuehne + Nagel wins new business from Good-Food The Good-Food Group, the largest supplier of nuts and dried fruits in Russia, has selected Kuehne + Nagel as its logistics partner for the global sourcing and domestic distribution...
Globe Express Services rebrands Following the completion of its merger with the Overseas Group in March 2010, Globe Express Services (GES) has introduced its new logo, website, and corresponding corporate rebrand...
Ceva Logistics launches City of Books in Italy SCM specialist and logistics service provider Ceva Logistics has invested EUR 65 million in the largest multi-client logistical hub in Europe, dedicated to the publishing sector. T...
ABC set to enter US market The Russian full-freighter operator AirBridgeCargo Airlines (ABC) is set to commence flights to the USA in Q1/2011. Sales manager Wolfgang Maier, in Berlin to attend the German Log...
VLCC fall defies Asia demand VLCC RATES fell again today, despite comparatively strong demand from Asia Pacific
Costamare sets IPO date BOX SHIP owner Costamare has launched the investor roadshow for its planned New York IPO, with pricing scheduled for 3 November
Turkey to explore off Cyprus TURKEY has reportedly announced plans to begin exploring for oil in the waters around Cyprus in a move that could further damage the countries' relationship
Pemex scrap plan fought A GREEN group has appealed to the Mexican government to block a Pemex scheme to scrap three laid-up tankers
Star Bulk collects from TMT STAR BULK announced today it has collected a full $24.3M settlement in its longstanding dispute with Nobu Su's TMT over the Capesize Star Ypsilon
30 missing after vessel sinks ABOUT 30 people are reportedly missing after a small passenger vessel sank today in eastern Indonesia
Daewoo buys Angola stake DAEWOO Shipbuilding & Marine Engineering said today it has agreed to buy a 30% percent stake in an Angolan shipyard
How long will the post-financial crisis hangover last? The Governor of the Bank of England, Mervyn King, opines that the next decade is likely to be a sober decade; history suggests, he cautions, that after a financial crisis the hangover lasts for a while.
CMA CGM to also call directly in Vietnam
Costamare goes for IPO
Draft surcharge for Maersk's Amazon shippers
FMC in new action to deal with TP challenges - as concerns over eastbound rates mount
Pappas and Su end litigation over FFAs Shipowners in "amicable" out of court settlement of huge freight futures dispute but are they friends again?
APL set to get greener Neptune Orient Line's liner subsidiary to burn cleaner fuel at US ports of New York and New Jersey.
Oceanografia in legal limbo Mexican offshore contractor reignites $10m legal dispute over saturation diving system stung by US seizure.
Star Bulk victorious in TMT dispute Settlement of Star Ypsilon time charter row gives a $24m boost to New York listed Greek shipowner.
Top Ships plots stock split Evangelos Pistiolis-led owner picks 'traditional' route to shed light on reverse stock split and new product tanker charter.
Remontowa wins Norwegian ferries Polish yard comes out on top in battle for four new LNG-powered vessels for Torghatten Nord.
Heerema arms lend a hand Norwegian energy giant pens letter of intent with Dutch heavylift specialist for offshore installation and transport job.
Horizon profit falls short US liner operator logs third-quarter profit but fresh figure misses CEO Chuck Raymond's target.
Aframax rejection costs owner $34m How an Italian joint venture lost a valuable five year charter when the tanker failed quality vetting.
Quotes of the week Robert Bugbee prepares to work for his tanker dollar while Sergey Frank cracks scrambled message from DSME.
Japan hauls in 29 ships Port state checks end in detention for Vinashin boxship and MSI bulker among others.
Nasdaq favourite for Globus Maritime Times Square not Wall Street the likely destination for bulker owner's stock, says George Karageorgiou.
New5 in Numb3rs Theodore Angelopoulos is plotting a boxship newbuilding binge while Hosco's Gao Yanming is crowned king of China.
Ezra Holdings makes sub-sea move Singapore owner splashes $325m on Aker Solutions' SURF operations, plus 50% share in newbuilding.
BP spill sparks Seacor surge Charles Fabrikant-led US owner see profit boom on Deepwater Horizon clean-up effort.
Solstad pair heading south Oslo-listed owner cuts 2011 spot exposure after penning deals for two vessels off Argentina.
Rotterdam rallies further in 2009 Key Dutch port adds 13% to cargo figures during first three quarters, as bulk and box volumes lead way.
Pirate endeavour goes unrewarded Pirates fail twice in 20 minutes to hijack Sea World Management tanker Endeavor I off Kenya.
CH sells AHTS at low price Singapore-listed offshore owner offloads modern anchor handler at below recent broker's valuation.
Rising costs hurt Havila Shipping Hits from higher depreciation and operating expenses dragged down operating profit at Oslo-listed offshore owner.
Globus AIMs for the Big Apple George Karageorgiou-led bulker owner moves a step closer to a US listing after quitting London's alternative investment market.
Philippines ro-ro goes aground Super Shuttle Ferry 22 gets stuck 500 metres out from port of Roxas with engine trouble.
FSL profit falls on axed charters Philip Clausius-led First Ship Lease Trust misses sales from quashed charter duo but bags paybacks.
Ezra hails charter cover policy Singapore offshore shipowner pushes up annual profit by avoiding spot market.
Vinashin "hid big losses" in 2009 Vietnamese premier reveals near-bankrupt shipyard group's masking of deficit last year as probe continues.
TTA jacking up offshore exposure Thoresen Thai Agencies' offshore arm teams with Keppel Corp in potential $700m rig deal.
Mipo wins Daiichi mega order Daiichi has ordered a series of bulkers in South Korea as it sets its sights on becoming world's leading tramp operator.
Seaspan frees cash in boxship deal Canadian owner finances newbuilding programme by offloading new HHI container vessel to Credit Agricole.
Samudera turns losses around Singapore container line boosted in third quarter by improvement in box markets.
Daewoo buys into Angolan yard Korean shipbuilder teams with Sonangol and SBM to build African offshore presence.
Master missing as ship hits ferry Frantic search for survivors of collision between German ship and ferry in Dutch canal.
Four feared dead as vessel sinks Nine men rescued but four missing as Sheng Jia 16 goes down in Typhoon Megi.
Dane takes the helm at Lloyd's Thomas Thune Andersen will take over as chairman of Lloyd's Register after David Moorhouse who is retiring. He is the first non-Brit in the position. Thune Andersen has had
Lisco Gloria to Lindø today The ropax vessel Lisco Gloria is expected to arrive at the Lindø Terminal near Fayard on late Friday. The ferry has been under tow during the night from south of
Cargo ship and ferry collide in Dutch canal A cargo ship and a ferry collided in the busy Amsterdam-Rhine Canal some 30 kilometres south of Amsterdam ' the Dutch rescue services are searching for survivors. The skipper is
Wilh. Wilhelmsen secures loan deal for ro-ros Wilh. Wilhelmsen ASA (WWASA) has, via a Japanese export agreement, secured loan financing for two ro-ro vessels currently under construction at Mitsubishi Heavy Industries, Japan. "We are pleased to
Concordia takes delivery of new P-MAX tanker Concordia Maritime has taken delivery of the 65,200 DWT product tanker Stena Penguin, she will now enter into a three-year charter with ST Shipping. The vessel is the ninth
Prices lack direction as week closes Crude futures end the week with slightly higher prices.
Bunker price averages up, but still undervalued Market averages well above last month, with room to rise.
Rotterdam, Hamburg prices see losses Quiet market activity in Rotterdam, players report.
Rotterdam sees growth in throughput 'levelling off' But port says cargo volumes still 'better than expected'
Fujairah bunker market softens 180 cSt bunker product only supplied to contracted clients in Durban.
Dutch canal closed after vessels collide One person missing. Rotterdam fuel oil market unaffected.
LNG a better prospect than 'scrubbers' But CEO of Viking Line says LNG prices and logistics are still 'not to our satisfaction.'
Strikes still blocking Fos-Lavera Port workers strike enters its 26th day.
Week closes with bunker prices softening Mixed demand at Asia's key bunker ports, according to traders.
Naval base opens in Fujairah UAE responding to 'heightened threat perceptions'.
Conversion of existing ships 'main challenge' for LNG bunkers Majority of bunker industry stakeholders believe that LNG will not take over as the main marine fuel in the next couple of decades.
Indonesian tanker sinks, spills bunker fuel Tanker lists while loading a cargo of bunker fuel in Indonesia's Laut Island.
Sinopec Zhoushan bonded bunker sales up 70-74% on month Targets even higher sales of bonded IFO material in October.
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