S'pore bunker volumes forecast to hit record high Singapore's full-year bunker volumes are expected by the Maritime and Port Authority of Singapore (MPA) to hit a fresh high of about 40 million tonnes this year, said Raymond Lim, Minister for Transport and Second Minister for Foreign Affairs, at the 16th Singapore International Bunkering Conference and Exhibition (Sibcon), yesterday.
Baltic index rises, market outlook positive The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose for a third straight session on Tuesday as iron ore and coal enquiry from China boosted activity.
China to expand fleet to patrol disputed seas China has launched a new inspection vessel to strengthen marine patrols and 36 more will be added to boost China's presence in disputed waters, state media said yesterday.
Grimaldi launches new Livorno-Valencia-Tangier service The Naples (Italy)-based Grimaldi Group is expanding its activities in the western Mediterranean by opening a new maritime connection for freight and passengers between Italy,...
VTG appoints new head of communications VTG Aktiengesellschaft, a leading global wagon hire and rail logistics company based in Hamburg (Germany), has selected Monika Gabler to head its corporation communicatio...
Maersk Line adjusting capacity in Asia-Europe network The Danish shipping company Maersk Line is set to adjust its Asia-Europe capacity by temporarily withdrawing a service from the network in mid-November. The adjustment, which ...
Evergreen focuses on intra-Asia trade Bronson Hsieh, chairman of the Taiwanese shipping company Evergreen Marine Corporation, recently said that "intra-Asian trade will be the focal point of the container shipping indu...
Menlo Worldwide expands services for Dana Holding Corporation Menlo Worldwide Logistics, LLC, a subsidiary of Con-way Inc, has expanded its services with Dana Holding Corporation to provide logistics services to the company's 19 manufacturing...
Ryder System with higher revenue and profit in Q3/2010 The Miami FL (USA)-based contract logistics service provider Ryder System has published its Q3/2010 results. During Q3 the company saw a year-on-year increase in revenue of 5%, bri...
Aramex reports 12% increase in Q3/2010 net profit The Middle-East-based transport and logistics service provider Aramex reported a Q3/2010 net profit of AED 46.7 million, an increase of 12% compared to AED 41.7 million posted in t...
TEN's shares nosedive TSAKOS Energy Navigation's shares plummeted after today's opening bell in reaction to its follow-on offering pricing
Captain Sin ruled drunk KOREAN captain Seong Ug Sin will spend two weeks in jail after being convicted of drinking and driving the cargo ship STX Daisy
Box ship helps rescue 98 CREWMEN from the box ship Vega rescued crew from the factory fishing vessel Athena this morning off the UK
COSCO Pacific triples profits STRONG China trade has helped triple COSCO Pacific's net profits year on year in the third quarter
Abu Dhabi targets LPG growth ABU DHABI is planning to double its production and exports of LPG over the next five years, IHS Global Insight reported today
Aker Philly nears crisis THE AKER Philadelphia yard is just months away from delivering its last committed tanker and concedes that it has yet to secure fresh contracts
China eases import rules CHINA has moved to boost shipping imports by easing a rule on foreign exchange payment by foreign companies, IHS Global Insight reported today
TEN turns to Wall Street Shares in Nikolas Tsakos-led owner plummet 14% as pricing of stock sale spooks investors.
Economou endorses drilling DryShips don George Economou tells owners with "deep pockets" and investors with a roving eye to splash cash in the deepwater sector.
Espresso of the Seas Royal Carib-bean orders a grande as newbuilding Allure of the Seas has Starbucks frothing.
Lazard lifts Navios Partners Equity analyst predicts more bulker buys at Navios Maritime Partners as third-quarter results beat Wall Street bets.
CSCL charge continues in Q3 Hong Kong-listed boxship giant smashes forecasts in the year to date following huge swing in quarterly profit.
PSL warns of ABG delays Thai bulker owner Precious Shipping expecting 18-ship order at Indian yard to be late as it unveils profit drop.
Tankers to make deserts bloom? UK company wants VLCCs to earn money carrying waste water as back-haul ballast in bid to irrigate arid coastlines.
Hellenic yard deal done Germany's ThyssenKrupp says sale of Greek shipbuilder to Abu Dhabi MAR has entered into effect.
Seaspan sinks to another loss New York-listed boxship owner stretches third quarter red ink but without financial instruments its figures dance to a different beat.
Cost cuts boost Concordia Maritime Shipowner's improved third quarter showing is coupled with a grim market view from president, Hans Noren.
Car carriers in the fast lane Arctic Securities slaps buy tags on Wilh Wilhelmsen ASA and its parent suggesting the sector is a 'pocket of value'.
Citadel saves German LPG ship Pirates abandon Hartmann's Maido off Tanzania after realising crew were safely locked up.
Greatship takes Sri Lankan sisters Indian owner returns to Colombo Dockyard for a brace of construction support vessels.
Ferry passengers scramble to safety Fjorddrott grounds off Norway, but all on board make it safely on to island.
Cosco Pacific booms in third Profit from associates and increased throughput send Hong Kong-listed terminal outfit to large profit.
HMM seeks bulker charters Korean owner wants six small ships for up to eight years to meet growing demand.
Sooty problem growing in arctic New research says northern sea route to take 2% of global shipping by 2030, but at what environmental cost?
Canadian ferries to be scrapped TransLink fails to sell two vessels rendered obsolete by new Golden Ears Bridge.
Helt ship heads for hammer Laid-up Lis Weber on offer at auction for knock-down price in Denmark to repay crew.
Svein in winning start New chief executive of DHT Holdings sees profits jump three-fold in first quarter in charge.
SITC jumps four-fold Profits at Yang Shaopeng's recently listed liner operation jump to over $88m on higher freight rates.
Aker Phil in closure warning Jones Act shipyard issues 'going concern' doubt as fresh orders and financing nowhere to be seen.
Norwegian Cruise eyes IPO Miami-based cruise line, 50% owned by Genting Hong Kong, set to launch initial public offering in US.
Trico creditors target foreign funds US offshore owner's bankruptcy case takes new twist as judge asked to take action against overseas units.
GulfMark profits inch up US offshore vessel operator buoyed by vessel disposal as it continues to grow its bottom line.
Repair costs hit Gulf Nav Per Wistoft-led Dubai tanker owner sees profit drop on redelivery of NATS suezmax and probo repairs.
Viking Line subsidy in doubt Finnish transport minister denies promising owner help to build new green vessel at STX's Turku yard.
Sir Robert Bond bids farewell Canadian ferry redeployed as government scraps Lewisporte run to Labrador.
Transnet turns on cash tap South African ports group posts 35% profit rise as coal and iron ore volumes hit record high.
Concordia improves the result Swedish Concordia Maritime increased its profit after tax to SEK 61.5 million for the first nine months of 2010, compared to '111.3 millionfor the corresponding period last year
Crew fled to panic room ' pirates failed to take control over tanker Yesterday afternoon, the French flagged LPG tanker Maido was boarded by a group of pirates some 100 nautical miles south east of Dar es-Salaam, Tanzania. However, because the crew
ITF sends two ships to auction The International Transport Workers' Federation (ITF) has called for two ships lying in Danish ports to be sold in an auction to pay debts to crew members who have not
Egholm II salvage postponed The salvage of the sunken ferry Egholm II has been postponed due to bad weather. The operation was almost completed yesterday as planned, but one of the slings used to
Somalis convicted of piracy The Mombasa Law Court has sentenced seven Seven Somali men accused of piracy to 4.5 years in prison. The men attacked the Panama-flagged tanker Nepheli on May 6
Prices soften in Fujairah IFO product in Durban remains 'extremely tight'.
Bunker prices fall in Rotterdam Suppliers fully booked for the rest of the month.
New barge begins operations in Argentina Deltamar IV will supply Argentinian ports in the River Plate area.
2012 start for new Fujairah oil terminal Company says it has 'a strategic advantage to enter the bunkering arena' in the Middle East.
Indian fuel oil cargoes heading to Singapore Traders call deal a signal 'the Middle East is likely to be heavy on the bunkers 380 cSt grade.'
New bunkering guide aimed at ships' crew BIMCO/IBIA guide launched to help those involved in 'highly regulated' bunkering operations.
Chemoil eyes derivatives market CEO says 'margins as good or better' than physical market.
Bunker markets firming mid-week Mixed demand at Asia's key bunker ports on Wednesday, according to traders.
Bunkering back to normal in Fos-Lavera Strikes continue at Le Havre.
Maersk backs Coriolis flowmeters Has advantages over other metering technology, says Maersk.
Cost behind supplying ISO 8217:2010 spec fuel 'significant' Increased risk in terms of quality from supply sources, says Chemoil's vice president of sales and marketing.
Singapore full-year bunker sales to reach record 40 million tonnes Sales volume set to surpass annual record figures of 2009, says government official.
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