Shipping conference focuses on accounting, tax, law Leading industry players, financiers, lawyers and analysts will gather in Singapore this month for The Singapore Shipping Conference 2011.
UAE special forces free hijacked ship United Arab Emirates (UAE) special forces has freed an Abu Dhabi-owned ship seized by pirates east of Oman in the Arabian Sea, a military official told state news agency WAM.
Brunswick sees China sales rising 25% in '11 Brunswick Corp, maker of Boston Whaler fishing boats, has forecast sales growth of 25 per cent in China this year as the popularity of boating rises.
Swiss Post reports excellent results The Swiss postal service provider Swiss Post attained a very good result in 2010. The group's operating income climbed from CHF 8.56 billion in 2009 to CHF 8.74 billion last year. ...
Logwin doubling its Vietnam storage space The global logistics service provider Logwin, based in Grevenmacher (Luxembourg), has expanded its warehousing capacities at two locations in northern Vietnam. The group's Hanoi fa...
PL Shipping & Logistics becomes M+R Logistics (India) In September 2010, PL Shipping & Logistics finally became part of the worldwide M+R Spedag Group. The merger has now been fully completed and the new Indian subsidiary will cha...
Schmitz Cargobull extends board members contracts to 2016 Schmitz Cargobull recently extended the contracts of board members Andreas Schmitz, Ulrich Sch'pker and Ulrich Sch'mer to 2016. The current 3-year contract of Schmitz (in charge of...
Large railcar orders for Greenbrier The Greenbrier Companies group, headquartered in Lake Oswego OR (USA), a supplier of transport equipment and services to the railway industry, has received orders for 4,200 railcar...
Korean Air Cargo now serves St Petersburg Korean Air has launched a twice-weekly cargo service to the Russian city of St Petersburg. A Boeing B747-400F with a 100 t capacity will be deployed on the Seoul Incheon-St Petersb...
AAT named Indonesia AirAsia's ground handler in Hong Kong Indonesia AirAsia, based in Indonesia, operates four flights a week between Hong Kong and Medan (Indonesia), deploying an Airbus A320. Hong Kong-based Asia Airfreight Terminal (AAT...
Boeing and EL AL sign B737 contract Boeing and the Israeli national carrier EL AL have signed a contract for four next-generation B737-900ERs, including reserve options for future aircraft. The four-airplane order is...
CP investing in North Dakota Canadian Pacific is investing USD 100 million in North Dakota between 2010 and 2012. CP plans to expand network capacity and enhance rail service in the northern US state, in order...
The Wabtec Corporation is optimistic for 2011 The Wabtec Corporation has increased its 2011 full-year earnings guidance, on account of expected full-year revenue growth of about 15%. The company expects its first quarter 2011 ...
Stealth Logistics adds Volvo tractors to its fleet CLX Medical Inc, which carries out US freight transport activities as the Stealth Logistics Group (SLG), has added new Volvo trucks to its fleet. The addition of three 780 model Vo...
Estonian company to manage border crossing of trucks to Russia The Baltic Course, a Latvian international business magazine, has reported that Estonian interior minister Marko Pomerants is set to sign a contract with the company Girf to develo...
Germanischer Lloyd limits fleet in service activities in Japan The German assurance, consulting and classification company Germanischer Lloyd (GL) has temporarily suspended surveys and other services for ships to the north and east of Nagoya. ...
Finnish ports of Kotka and Hamina to merge The Finnish ports of Kotka and Hamina will merge on 1 May, thus forming the country's largest export hub. The city of Kotka will own 60% of the entity, and the city of Hamina 40%. ...
HHLA increases market share and profit Hamburger Hafen und Logistik AG (HHLA) took advantage of the global economic recovery in financial 2010 to record strong growth in its operating performance and earnings. Container...
Record suezmax deliveries set to hold back earnings Entire crude tanker sector 'will have to cope with poverty' as 2011 prospects look bleak
Capesize gloom set to return after brief recovery Rates improvement will be short-lived as owners re-enter the market
Queensland floods cost 30m tonnes of lost coal production Australia's Queensland state lost up to 30 m tonnes of coal production when heavy rains and a cyclone battered the eastern seaboard between November and February, exacting a higher economic toll on one of the most resilient economies than first estimated, government and private figures show
Volume of oil products held in floating storage rises 22% in a month Some 55 tankers are chartered for temporary floating storage of 3.7m tonnes of oil product and 5.5m tonnes of crude in March, according to monthly figures released by London-based shipbroker Gibson
No Japanese coal rush for panamax bulk carriers A widely anticipated Japanese coal rush is not expected to have a major impact on the dry bulk market
MISC unveils plans to sell boxship trio by tender Malaysia's MISC has put three handysize boxships up for sale, a month after the owner reported losses of RM452.3m ($149.4m) in its liner business for the nine months to December 31, 2010
Who's next in bailout chain? There is speculation that the leniency shown to major shipping companies will not be extended further down the food chain
Failure to end Somali piracy breeds crime elsewhere Piracy is spreading east and anyone who has excused the naval inaction should hold their hands up and take the blame
Future of maritime jewel under threat Unless a home can be found for the working library at the Imarest, this magnificent collection of shipping reference books will be no longer available for student or researcher
Felixstowe builds up to opening of new berths UK's largest box hub puts its new cranes ' the largest in the world ' through final tests, with summer start pencilled in
Gledhill 'relatively optimistic' on Far East-Europe pick-up Felixstowe boss 'relatively optimistic' about container volumes out of the Far East to Europe for 2011
ABP looks to stay one step ahead with Southampton box expansion Pushing ahead with its 750,000 teu container berth expansion at Southampton
Unions reject P&O Ferries pay rise offer Proposed increase of 2% rejected while 3% offer at Stena being considered
Genmar aims to clear all pending cash issues via $53m follow-on Proceeds to fulfil Metrostar deal requirements, pay for final tanker
Shipping needs to toe the line in saving natural resources Building thousands of large boxships only to demolish them halfway through their lifetime seems a waste of resources so colossal
Foreclosures and arrests to soar as ship values rise 'Surprisingly strong' secondhand vessel prices prompt predictions of radical restructuring, says Norton Rose
China Ocean Shipbuilding trims losses in 2010 Reduces losses to Yuan867m ($132.2m) from Yuan1.9bn in 2009
Global trade volumes set to slow as Japan earthquake takes its toll on supply chains Cargo volumes likely to shrink following earthquake and tsunami
Japan talks down boxship radiation threat No firm evidence boxships calling Tokyo or Yokohama hit by dangerous levels of radiation
'Business as usual' as Torvald Klaveness splits Norway shipowner moves to assure customers as business divided between brothers
China's fleet yet to get a full global workout Fresh analysis of ship movements in Asia shows domestic trade is focus ' but how long for?
Green Reefers sells Green Terminals unit Offloads cold store terminals business for $12.5m
APL to scan Japan export boxes for radiation Line to ensure no cargo delays as it steps up safety measures
TAL prices share offering Box lessor fixes price at $36 per share
Japan yards warn of delivery delays as work resumes Delays of between two to five months possible as some shipbuilders recommence operations
Seadrill signs up Dockwise DOCKWISE, the Dutch heavy-lift operator, said it has signed a deal to provide transport for rig operated by Seadrill Management, including its subsidiaries
Crude price rises to mid-2008 level CRUDE'S price rose today to a level last seen two and a half years ago, as continued Middle East upheavals continued to stoke supply concerns
Beluga seeks to return INSOLVENT project shipping group Beluga is reportedly aiming for a comeback after a trade-off with its investor and lender Oaktree Capital Management
Transatlantic makes major changes SWEDEN'S Transatlantic has announced plans to spin off of parts of its offshore/icebreaking business
Trailer Bridge's bond refinancing nears NASDAQ-listed Trailer Bridge has reported progress on its bond refinancing, as well as weakened backhaul business out of Puerto Rico
Koo's fined for bilge dump TAIWANESE shipowner Koo's Shipping has been fined $1M fine for illegally dumping bilge water from one of its reefer vessels
Vale confirms Agnelli exit BRAZILIAN iron ore major Vale has confirmed that it will replace CEO Roger Agnelli, bowing to pressure from the federal government
2 dead, 1 missing after collision TWO MARINERS were killed and another is missing after a small tanker and a fishing boat collided today in the Philippines
Six seek top IMO job SIX MEN are seeking to be the next secretary-general of the IMO ' the most candidates ever to stand for election
India rises in chemical market RISING demand from India is providing support for chemical tanker markets, Singapore shipbroker Eastport Global said today
Refinery shutdowns boost LR1 demand REFINERY shutdowns caused by Japan's recent earthquake are starting to affect LR1 tanker rates, brokers have told Fairplay
Venezuela boost seen on VLCC rates A SHARP rise in oil shipments from Venezuela is expected this year, which might spell relief for the VLCC market's weak freight rates, according to a Pareto analyst
APL to scan Japan exports APL ANNOUNCED today that it will begin scanning containers being exported from its marine terminal in Yokohama for radiation
Brazil gives green tick for STX OSV plan NORWEGIAN shipbuilder STX OSV told Fairplay today that its plan to build eight LPG carriers for Transpetro at a new Brazilian yard has moved a step closer
MOL sees crew squeeze MOL PRESIDENT Koichi Muto warned today that a large number of global newbuilding deliveries will result in a shortage of seafarers this year
Floatel scores extension Oslo-listed offshore accommodation player's contract backlog tops $423m as Statoil indulges in rig option.
Merwede profit rockets Netherlands-based shipbuilder's income leaps following market reversal.
Signal seals Kirby order US yard group makes good on a promise to return to shipbuilding with $47m newbuilding contract.
All change at Transatlantic Boss quits as Swedish owner considers separate offshore listing while acquiring bulker owner Osterstroms.
Dockwise gets a boost Dutch heavy-lift owner to transport all rigs operated by Seadrill.
Swedish Club makes $30m Lars Rhodin led insurance mutual sets the ball rolling on what is expected to be a financially favourable year for all.
Condor captain off duty Chief officer of ferry involved in fatal Channel crash also non-operational as probe continues.
Ashika four guilty Shipping boss, captain and two others face 10 years in prison after being convicted of manslaughter in Tongan ferry trial.
China Merchants on rise Hong Kong-listed terminals group sees 2010 proft soar as volumes grow 21%.
Are ships an aphrodisiac? Why all the nice girls love shipowners more than sailors, introducing a friendly banker and fighting in the insurance market.
Dredger hits gas pipe Fountain of gas and condensate erupts in the Gulf of Mexico after accident.
Red ink for Trailer Bridge Nasdaq-listed owner posts fourth quarter loss but boasts significant progress with refinancing effort.
Cargoship grounds Traffic resumes in Canada after grounded cargo vessel is removed.
New5 in Numb3rs Polembros snares KLC VLCC exile at a knockdown price while TEN's shuttle tanker order starts to take shape.
Halifax wields the axe Irving-owned Canadian shipbuilder laying off 50 workers as projects are completed.
Danaos does the business John Coustas-led containership owner refinances newbuilding programme to the tune of $818m.
Fincantieri to buy Davie Italian yard group and Finmeccanica step in with potential rescue of bankrupt Canadian shipbuilder.
CMA funds Education Foundation The Connecticut Maritime Association (CMA) has formed a charitable foundation to promote and support maritime-related education and endowed it with a $500,000 donation. TheCMA Education Foundationwill award scholarships to further maritime educati...
MOL merges crewing companies Mitsui O.S.K. Lines said two of its group companies ' International Marine Transport Co., Ltd. and MOL Tankship Management Ltd. ' have agreed to merge, effective April 1. The new company will operate as MOL Ocean Expert Co. The merger was approved ...
Danaos completes refinancing plan The Greek containership leasing company Danaos said it had completed a comprehensive financing plan which will fund a newbuilding program for 13 ships with aggregate capacity for 129,250 TEUs. The plan provides for new financing of $818 million, in...
Koo's Shipping fined for dumping oil bilge Koo's Shipping Co., a Taiwanese corporation, pleaded guilty in U.S. federal court Thursday to charges of making false statements, knowingly failing to accurately maintain an oil record book as required by international treaty and U.S. law, and for...
Maersk increases Puerto Rico rates Maersk said it will increase freight rates for containers with scrap metal and wastepaper moving from Puerto Rico to China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand, Vietnam, Cambodia, India, Paki...
Trailer Bridge reports $2.9 million loss Trailer Bridge, a roll-on/roll-off liner service provider in the U.S., Puerto Rico and Dominican Republic trade, reported a loss of $2.9 million in the fourth quarter ending Dec. 31, 2010, compared to a $1 million profit in the same 2009 period.Re...
Carriers calling Japan watch for radiation APL said Friday it will begin large-scale radiation scanning of containerized Japanese exports delivered to its marine terminal in Yokohama. The Singapore-based liner carrier said it has been doing limited scanning since March 26, but no radiation...
TAL prices stock offering The container leasing company TAL International Group said Thursday that it has priced a secondary offering of its 5.5 million shares of stock at $36 per share. The company will sell 2.5 million shares for an aggregate $90 million while an existin...
Changes at TransAtlantic ' CEO resign TransAtlantic's Board has announced strategic changes in the group's operations. The decision means preparations are being made for a demerger of the company in its activities Industrial Shipping and Offshore
TransAtlantic sells three roro ships TransAtlantic will sell the three RoRo carriers Ortviken, Östrand and Obbola to SCA Transforest, which has decided to exercise its purchase option. The carriers have been chartered to SCA for
Indian Navy captures 61 pirates from one mothership "The International force should do like the Indian Navy: Sink the pirates' motherships take them out of business", says Jan Fritz Hansen, Deputy CEO of Danish Shipowners Association in a
Norwegian tug sold to Norway The Danish flagged tug Western Seqi has been sold to Norway and is now part of the tug fleet in Narvik, Norway. The Western Seqi was originally built for Norwegian
Hong Kong premiums down Premium is a drop from the records witnessed in March of $26-30/mt
Bunker prices surge to new high Crude futures settled at a two-and-half-year high on higher than forecast US job growth in March and weakness in the US dollar.
Matson continues to hike surcharge The changes will take effect on May 1.
Fears of bunker spill recede Vessel successfully refloated.
Prices return to 2008 levels in Middle East hub Fujairah MGO prices breach $1,000
Newbuild will be among the most 'fuel efficient' vessels in class Norwegian Car Carriers says 6,500 CEU vessel will 'meet all currently known future emission requirements.'
MGO prices close to three-year high Bunker markets firm across Europe.
Bigger role for LNG and biofuels But DNV says nuclear powered ships will 'initially struggle to get public acceptance'.
UK port looks at proposals to improve bunker infrastructure Falmouth 'Masterplan' calls for investments of $170 million over the next five years.
Asian bunker prices climb to 30-month high Enquiries 'low' across Asia's main bunker hubs, traders say.
Japan may support initial demand for Singapore's LNG Singapore's first LNG facility 30% complete and ready to start operations in the second quarter of 2013.
New coating system to cut bunker fuel costs Less bunker fuels consumed during cargo tank cleaning process with International Paint's new product.
Grounded vessel sparks bunker spill alert in Ireland Protective booms placed around the Pantanal, while two tug boats will try to refloat it today.
South China fuel oil stocks slightly down Volumes fall as there were no inflows into the terminals.
Extra slow steaming curbs CSCL fuel costs 'Locking' fuel also help offsets the impact of rising oil prices, says chairman.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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