Tanker returns climb as ship supply drops Returns for suezmax tankers able to haul one million-barrel cargoes of crude oil rose to a four- week high as the supply of vessels shrank.
Pirates release ship but keep some hostages Somali pirates released a chemical tanker owned by Singapore shipping company Glory Ship Management, but broke an agreement to release all the crew, keeping four South Korean seamen including the captain captive, the company said yesterday. MT Gemini, the 29,871-tonne chemical tanker, was carrying crude palm oil from Indonesia when it was hijacked 215 days ago off the east African coast, the company said in a statement.
LA port pilots who earn more than the city's mayor, police chief Los Angeles's highest-paid city employees get three-day weekends, 27 vacation days annually and an ocean view from their workplace.
Balfour Beatty Rail electrifying English railway lines Balfour Beatty Rail will carry out the electrification work in a project in northwestern England. The 30 km two-rail line between Castlefield Junction in Manchester and Newton-le-W...
German field test with long trucks to start in 2012 Federal transport minister Peter Ramsauer has approved a disputed field test with long trucks in Germany. The directive to this effect will come into force on 2 January 2012. Durin...
Astag welcomes deferral of Swiss HVF adjustment Astag, the Swiss commercial vehicle association, has welcomed a government decision to only adjust the national heavy vehicle fee (HVF) for inflation in Q2/2012. Astag believes tha...
Röhlig Logistics appoints expansion strategists To attain its ongoing expansion goals, the Bremen-based German freight forwarder Röhlig has appointed Dr Celine Wong, an international logistics solutions business consultant and l...
OOCL to cut capacities in Asia-Europe trade Hong Kong-based Orient Overseas (International) Limited's container shipping arm OOCL is cutting capacities on its Asia-Europe routes by 20%. OOIL chairman and CEO Tung Chee-chen t...
MISC to terminate container activities in 2012 The shipping line MISC, the Malaysia International Shipping Corporation which is controlled by Petroliam Nasional, is discontinuing its container shipping business that has lost US...
Swiss WorldCargo ULD innovation shows green credentials Swiss WorldCargo, the cargo division of Swiss International Air Lines, will start deploying lightweight containers in its ULD fleet this month, replacing 150 of its LD3-AKE devices...
SAA adding Beijing and Pointe Noire links South African Airways is expanding its African network into the Republic of the Congo, and launching a link to China. The airline will start services to Pointe Noire on 26 January ...
New intermodal network between Sweden and Italy The Swiss company Hupac and the Swedish enterprise Intercontainer Scandinavia have joined forces to offer intermodal services linking Sweden and Italy from 11 December. The coopera...
Dnata handles record volumes at Dubai World Central Dnata's cargo operations at its terminal at Dubai World Central Al Maktoum airport (DWC) reached a record volume of 11,737 t of cargo in October, the largest volume handled in one ...
SDA Express Courier new partner in Eurodis network Eurodis, a European distribution network for the joint transport of goods on pallets and in parcels (combined freight), has a new strategic partner in Italy. SDA Express Courier, a...
New Goodman distribution centre for Starco in Hamburg The logistics property developer Goodmann is building a new centre in Winsen, south of Hamburg (Germany), for Starco, a provider of tyres and rims. The new 11,400 sqm European dist...
Norbert Dentressangle opens new cold store centre in France The French transport and logistics services provider Norbert Dentressangle has opened a shared-user cold store at Miramas in Provence-Alpes-Côte d'Azur in the south of France, as p...
Chapman Freeborn opens new Australian office The global charter broker Chapman Freeborn has acquired a new office in Melbourne through its takeover of Alltrans International. The Australian centre, which will operate under th...
US class action against DryShips after failed Marshall Islands lawsuit Dry bulk company hopes earlier victory will provide 'solid guidance' in Missouri battle
Balloon goes up on mid-2000s S&P loans, Eurofin warns Borrowers face cash hole of 'up to $10bn'
Supramax spot market hit by Indonesian coal cargo decline Owners undercut each other to secure work or ballast to healthier Atlantic basin
CMA CGM in the black in third quarter French operator is one of the few lines to remain in positive territory for first nine months of the year
EXCLUSIVE: Second generation brokers partnership between MSC and CMA CGM Alliance marks transfer of powers to next generation
Risk level raised for Australia LNG projects Labour shortages and project backlog threaten Australian LNG schemes, says S&P
Maersk Line revises IMO surcharges Hazardous cargo charged $100-1,000 per teu
Owners need to get LNG order balance right With liquefied natural gas tonnage under-utilised, US exports may require fewer new ships than analysts expect
Small oil spill off Brazil widens the bigger picture Chevron's footprint in Brazil is expected to grow despite $28m environmental fine and upcoming inquiries
Challenges face service providers in Brazilian market Easy to make revenue in Brazil but hard to make profits, says chief operating officer
Mitsui OSK sells ageing VLCC Japanese line defies industry calls to scrap old tonnage, landing $23m secondhand deal
Institutional investors to pave way for German ship finance resurgence Private investors have shunned the KG market. They could be enticed back by strong institutional backing
The darker side of Sepia South of England club's liquidation means there is a vacancy for the position of P&I insurer of last resort
The need for real tools in the toolbox The European Commission is talking in ideals and dreams when it comes to using scrubbers and liquefied natural gas to tackle emissions
Scorpio Tankers launches follow-on issue to bankroll Hyundai Mipo orders Company poised to add two more ships to five already on order
Morgan Stanley ramps up tanker spot market chartering Financial services firm's charters already up 37% so far this year, with clean tankers taking lion's share
Global Ship Lease secures loan covenant waiver One-year extension granted to condition that ratio of loan to ships' values should not exceed 75% of vessels' charter free market prices
Grand China pays $2m to Vafias after boxship seized in US Creditor hopes HNA arm will be more 'prudent' in making future payments
Clarksons acquires three new businesses in just one day London-listed shipping services group buys ship agency plus two shipbroking companies
Quis custodiet ipsos custodes? The industry needs to prevent armed guards putting crews' lives at risk
IMO's last assembly under Mitropoulos yields no surprises Resolutions cover many familiar themes
Shell fixes Singapore cargo ex-Libya First consignment to city state since conflict
Time to concentrate Could the new partnership between MSC and CMA CGM signal a box-trade shake up?
Britain will support France's call to embargo Iranian oil CMA CGM halts Iranian exports and scans inbound boxes as calls for sanctions escalate
First Ship Lease outlook 'negative' Standard & Poor's cites credit risk of lessees and prolonged downturn in shipping
Sri Lanka Ports Authority to issue $500m bond Financing to repay spiralling Japanese yen loans
Gloves come off in China's Vale scrap China Shipowners Association takes aim at Philippines and Malaysian transhipment centres
Four South Koreans held hostage as Somali pirates return chemtanker Captors break promise to release all crew from hijacked vessel
U-Sea Bulk to delist from Copenhagen exchange Final steps in rebranding
Scorpio discounts offering NYSE-LISTED Scorpio Tankers today heavily cut its follow-on offering price, prompting its shares to plunge
Clarkson's goes shopping CLARKSON'S, the world's leading shipping services group, said today it has made three key acquisitions
French bank Soc Gen pulls ship finance FRENCH bank Soc Gen has reportedly halted ship and aircraft financing to strengthen its balance sheet against Europe's sovereign debt crisis
Chavez plots Pacific pipeline via Colombia PLANS for a pipeline to bring Venezuelan crude to the Pacific have re-emerged through an accord signed by Venezuelan President Hugo Chavez and Colombian President Juan Manuel Santos
Lanka plans to sell bonds SRI LANKA Ports Authority plans to sell bonds worth $500M to repay loans from Japan
Summa seeks full holding of Novorossiysk RUSSIAN holding company summa wants to buy the remaining 20% holding it doesn't own in the Novorossiysk port company
Scrapping could spark Handysize bulker scarcity LEADING shipping analyst Janet Lewis today predicted a shortage of Handysize bulkers next year, resulting from an expected rise in scrapping
Hamburg Süd and Seago juggle Med routes BOX MAJOR Hamburg Süd and shortsea company Seago Shipping have strengthened their shared northern Europe/Eastern Med route
Coal force majeure to be lifted in Indonesia INDONESIAN coal producer Harum Energy today is lifting its force majeure on December deliveries, after just three days, IHS McCloskey reported
Vale's China policy hailed SHIPPING analysts are praising Vale's strategy in China, as Brazil's mining giant has expressed optimism that its 400,000dwt Valemax ore carriers will be allowed to use Chinese ports
Co-operative set up for box feeder ships OWNERS of feeder box ships in northern Europe plan to work together on chartering and procurement in the face of growing liquidity problems
FSL secures $479.6M loan SINGAPORE's First Ship Lease Trust said today it has secured an amortising loan facility worth $479
U-Sea Bulk delisting gathers pace CHILEAN bulk shipping group Ultragas is moving quickly today to mop up the remaining shares in its Danish drybulk subsidiary, U-Sea Bulk
Suez Canal lifts tolls EGYPT'S Suez Canal Authority today unveiled its first toll increase in three years
Dockwise to manage transport newbuilding DOCKWISE said today it had agreed to manage Offshore Oil Engineering's Type 1 transport newbuilding
NY-NJ Terminal Unveils Automation Plans A New York-New Jersey terminal operator unveiled plans for labor-saving technology in an expansion set to open in 2014, but...
Shippers Raise Pressure on Congress to Avert Rail Stoppage Shipper and transportation groups are increasing pressure on Congress to avert a potential national rail stoppage, as the deadline for...
Democrats Push Tighter 'Buy American' Infrastructure Rules House Democrats proposed a transportation bill on Thursday that tightens 'Buy American' provisions on materials used in infrastructure projects, countering...
LAX Air Freight Dives 10.7 Percent Air freight volume at Los Angeles International Airport fell 10.7 percent, the steepest decline of the year and a stark...
Manufacturing Index Jumps 1.9 Points, Orders Surge U.S. manufacturing showed newfound and surprising strength in November, with the Institute of Supply Management reporting its closely watched index...
NY-NJ Expects Container Growth Up 4 Percent Year-End This year's container volume through the Port of New York and New Jersey is expected to be about 4 percent...
West Coast Container Traffic Down 6 Percent Container volumes handled at West Coast ports in October declined 6 percent compared to October 2010, largely because of a...
Hutchison Ports to Start Building Brisbane Terminal Hutchison Port Holdings signed an agreement this week with Australian engineering company Baulderstone to begin construction of Berth 11, the...
CEVA Increases Global LCL Services CEVA Logistics said it is increasing its less-than-container-load consolidation services worldwide. CEVA's new LCL services include Los Angeles to...
Hamburg Sud, Seago Consolidate Europe-Med Services Hamburg Sud and Seago Line plan to combine three of the services they operate between North Europe and the Eastern...
CMA CGM Lost $223.8 Million in Third Quarter CMA CGM lost $223.8 million in the third quarter despite revenue rising 2.8 percent year-over-year, squeezing the carrier's net profit...
Rotterdam Freezes Harbor Dues Again Rotterdam is freezing harbor dues for ships for the third year running in 2012, as it bids to boost its...
YRC Launches Massive Reverse Stock Split YRC Worldwide will execute a 1-for-300 reverse stock split Friday in an attempt to boost its stock value from about...
UPS Acquires Italian Pharmaceutical Logistics Firm UPS, making its first acquisition in several years, bought a major Italian pharmaceutical logistics company, as the parcel giant expands...
Marad Unveils Ship Designs for Marine Highway Use The Maritime Administration on Thursday released a set of 11 ship designs that could provide shippers an alternative to highway...
Vessel Operating Fees in Mumbai to Rise Operating costs for vessels calling at India's Port of Mumbai will go up substantially mid-December following a tariff increase decision...
Norwegian Car Carriers Loss Widens to $4.1 Million Norwegian Car Carriers' third quarter loss widened to $4.1 million from $1.8 million a year earlier, as a one-off charge...
Environmentalists Try to Stop Miami Port Deepening The Port of Miami's plan to deepen the channel into its harbor to accommodate post-Panamax ships ran into an environmental...
DP World Doubles West African Terminal Capacity DP World has doubled its container capacity at Dakar in Sengal through the expansion of its West African terminal, as...
Lufthansa Cargo Says Flight Ban Costs $54 Million Lufthansa Cargo said it expects to lose around $54 million annually if a temporary night flight ban at its Frankfurt...
CMA CGM, MSC Sign Partnership on Key Trade Routes Mediterranean Shipping and CMA CGM, the world's second- and third-largest ocean carriers, announced an agreement Thursday to join forces on...
MSC and CMA CGM to share vessels According to an article in Lloyd's List this morning, MSC and CMA CGM have agreed to share vessels operating between Asia and Northern Europe, Asia and Southern ...
US Canada trade soars 36% The latest data published by the US Department of Transport's (DOT) statistics bureau for trade using surface transportation between the US and its North American ...
CICT will be ready in 30 months The consortium lead by China Merchants has now completed all formalities to commence the construction work of Phase I (Colombo International Container Terminal- ...
Busan's new automated terminal to open in January South Korea's Busan New Container Terminal (BNCT) is to open for business in January, Busan Port Authority (BPA) has announced, and it has just given a live dress ...
US accused of dragging its feet at Cop-17 Leading US environmentalists have written to Secretary of State Hillary Clinton, complaining that her negotiations at the Durban-hosted, UN climate change talks ...
Big banks act to head-off new credit crunch Six of the world's biggest banks, led by the US Federal Reserve, have co-ordinated a campaign to lend money to ailing European banks that were finding it nigh impossible ...
USWC ports prepare for 'Occupy' movement The self-styled 'anti-corporate greed' Occupy movement that effectively stymied the Californian port of Oakland on November 2, will attempt ...
Shipping Australia slates Patrick Shipping Australia Ltd's [SAL] chief, Llew Russell, has called for the Sydney Ports Corporation to introduce key performance indicators into its Port Botany lease ...
Total Lubmarine sees sales of Talusia Universal climb Company claims lube oil is unique in managing ECA transitions and slow steaming.
IFO prices soften in Fujairah Bunker price movements 'mixed' in South Africa.
Public hearings on sulphur limit come to an end 'No way' EU will ask for extended deadline on ECA sulphur cap.
Rotterdam prices steady Another quiet day in Hamburg.
Ferry firm predicts ECA-related job losses Fuel cost increase in 2015 may force it to take a third of its ships from service.
Japan hopes legislation will boost energy-saving technology Ministry of Transport wants laws to be in line with IMO Energy Efficiency Design Index.
'Sophisticated regulations' needed to reflect reality in shipping Carnival willing to stake its reputation on ECA compliance tool developed to allow more flexibility through sulphur averaging.
WFS starts court proceedings Company is pursuing claim for 'unpaid bunker bill'.
Asian bunker prices lack direction Mixed demand at key Asian bunkering hubs on Thursday, says traders.
Singapore onshore fuel stocks at two-week high Market expects heavier supplies as refiners capitalise on high price levels.
East China fuel oil imports drop 23% on-month Bonded bunker players imported fewer fuel oil cargoes in November.
Hanjin Shipping raises rates amid rising bunker prices Current rates for Asia-Europe trades cannot cover basic operating costs 'let alone' hiking fuel prices, it says.
South Korean JV to start construction of bunker storage facility Hanjin Shipping and Samsung C&T to jointly commence construction of bunker fuel storage tanks at Busan New Port.
Tight 380 cSt avails easing in Tokyo Bay As local refiners commence sale of volumes for December.
Lower fuel consumption 'holy grail' of eco ship design More shipowners turning to 'eco-type' handysize bulkers amid softening newbuilding prices.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Ocean news
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
