Panamax rates seen rising on grain demand Rates for panamax dry bulk carriers on key Asian freight routes are expected to rise to fresh three-month highs on strong regional demand for South American grain shipments.
Clarkson's profit up on dry bulk volumes Britain's leading ship broker Clarkson plc reported a better-than-expected profit, driven by a recovery in dry bulk volumes and said it gained from higher trading volumes in the first few weeks of 2011 despite volatile freight rates.
Hundreds of tankers held up in Russia due to icy winter Over a hundred vessels including dozens of tankers loaded with crude oil and refined products were stuck in ice at Russian ports on Wednesday, as authorities struggled against the worst conditions since 2003.
Libya turmoil to up tanker tonne-miles Southern European refineries look to west Africa as aframax fixtures fall to $8,000 per day
Clarkson profits soar 44% to $52m World's biggest shipbroker optimistic about 2011 prospects after box trade revival and recovery in dry bulk volumes boost its results
Caribbean petroleum MR tanker rates 'fly off the handle' to 30-month high The cost of delivering clean petroleum product on medium range tankers from the Caribbean to New York hit a 30-month high of $17,895 per day
Brokers find voyages for ex Korea Line supramaxes Shipbrokers in Asia said they successfully worked the phones today to find voyages for supramax vessels that returned to the spot market after bankrupt operator Korea Line defaulted on a series of long-term time charters
It is time to take the reward out of piracy UNODC's counter-piracy expert Glenn Ross suggests a controversial approach to ransom payments: a schedule of fees agreed by the international community
Cash-strapped dry bulk owners stare into abyss Exclusive analysis by Lloyd's List Intelligence reveals that reserves are running out fast
Caution comes first as lenders put a squeeze on shipping cash What do the banks' recent annual results tell us about the future ship finance market?
Capital in short supply, but China offers a ray of hope Shipping industry should not start holding its breath for a return to greater liquidity
Korea Line axes charters as first claims deadline arrives Three Greek owners confirm receipt of notices of termination from beleaguered South Korean company
Intermodal and Cotzias in merger deal Greek shipbrokers tie-up to create team of 15 sale and purchase brokers under one roof
Torm posts $136m loss as it forecasts an 'uncertain' 2011 Product tanker specialist blames 'continued difficult trading conditions'
Freight forwarders fear oil price hike Forwarders fear they will have to bear extra costs associated with oil price spike
Court backs Odfjell claim against Sevmash Dispute over cancelled ship orders move closer to resolution as second court upholds tanker operator's claim
Dry bulk companies at risk as cash dries up Exclusive analysis warns small companies will be first to go under if rates fail to recover
Beluga charter owners press for pool option Tramp owners and KG fund companies mull move to minimise vessels exposure to market
Brussels squad raids Baltic rail freight companies European antitrust inspectors have raided rail freight companies active in Baltic countries
Transpacific lines will fail to hit target Disappointment tinged with bouts of optimism runs through box line service agreement negotiations
DVB pre-tax profits surge 50% Hits $181m in 2010, bolstered by fee and commission income
Dry bulk depression Korea Line is unlikely to be the last significant dry bulk outfit to go under
Significant link The most important centres for piracy in the world are Somalia and the UK
German cruise market continues to see growth Number of German oceangoing cruise passengers reaches 1.2m in 2010, up 18.9%
Deutsche Post DHL volumes 'close to pre-crisis levels' Handles nearly 2.8m teu in 2010, up from 2.6m in 2009
Grand Alliance rejigs transpacific network To relaunch Japan China Express service on May 15
SeaCube bullish as box shortages loom Locks-in 2011 box orders on long-term lease as it posts rise in fourth quarter earnings
Nordea arrests Korea Line tanker as $72m exposure revealed Race against the clock as Densan Deniz increases its demand before critical hearing
Torm still hit by weak tanker market Posts pre-tax loss of $136m for 2010 and forecast a further loss of up to $125m in 2011
Should shipping be Greece's meal ticket? Greece's brightest shipping minds were asked to chew over hypothetical solutions to the nation's debt crisis. Only one opted to sell off his wife and kids
Private equity challenge for German shipowners There has been speculation that private equity could offer an alternative to KG finance in Germany
Owners must weigh up pros and cons of private equity As bank finance is hard to come by, some owners are turning to private equity but they need to be aware of why these funds are investing in the first place
Nordea reveals KL exposure LEADING shipping lender Nordea Bank Finland is owed $72M by Korea Line, according to newly filed court documents
Haiti market expansion stalled CROWLEY Maritime has yet to see an uptick in new business as a result of rebuilding efforts in Haiti, a year after an earthquake devastated the country
Paragon charter terminated NYSE-listed Paragon Shipping has received a cancellation notice from Korea Line for the charter of the Panamax Pearl Seas
Shipping restructuring team formed PRIVATE equity powerhouse Blackstone and specialist investment bank Dahlman Rose have created a new restructuring team for maritime clients
Odfjell: concerns about scrapyards NORWEGIAN chemical tanker operator Odfjell has expressed concern about the practices it has seen in some major ship recycling centres
Mining moves offshore BELGIAN dredging contractor DEME and Dutch engineering and shipbuilding firm IHC Merwede are poised to take the lead in deepsea mining
Havila looks for Norwegian bonds HAVILA Shipping, the listed Norwegian offshore vessel owner, has joined the ranks of companies that plan to raise funds on the Norwegian bond market
Sea-borne petrochemical imports slacken DEMAND for sea-borne petrochemical imports slackened significantly in both the United States and Europe due to the rising cost of crude oil
Chemoil plays down KL exposure SINGAPORE-listed bunker supplier Chemoil does not expect to be seriously affected from Korea Line's outstanding payments
Sale/leaseback for chem tank co PT BERLIAN Laju has sold four chemical tankers to Standard Chartered Bank, with a lease-back arrangement
S'pore untroubled by Shanghai rise SHANGHAI port's rise will have little adverse effect on Singapore, believes Singapore's second transport minister Lim Hwee Hua
Index Shows Truckload Demand Rising A key measure of truckload demand jumped 18.9 percent week over week in early March, signaling tightening capacity as the...
Encompass CEO on Forecast for Logistics Industry (Video) Asa Cheng, CEO of Encompass, discusses his opinion on vessel overcapacity forecasts and also gives his predictions for the logistics...
DOJ Allows $45 Million Fine as All Horizon Could Pay The Justice Department said it allowed Horizon Lines to pay a back-loaded $45 million fine for price fixing in the...
DCLI/MESC's Durando on the New Chassis Paradigm (Video) Ernie Durando, president of DCLI/MESC, discusses the future of chassis at the TPM Conference in Long Beach, Calif.
Nominee Begeman Vows to Aid Shipper Access to STB Ann Begeman, President Obama's choice to join the Surface Transportation Board, told senators at her nomination hearing she will work...
Grand Alliance to Restructure Trans-Pacific Services The three carrier members of the Grand Alliance plan to overhaul their trans-Pacific services to the U.S. West Coast in...
'Bold' Transportation Proposal Leaves Senators Cold Transportation Secretary Ray LaHood took the Obama administration's "bold vision" for a new transportation bill to the Senate this week,...
Lynden's Brown Line Buys Refrigerated Trucker Refrigerated trucking company Brown Line is expanding in the Pacific Northwest by purchasing Port Side Trucking, a refrigerated motor carrier...
India's Exports Jump 50 Percent India's exports jumped nearly 50 percent year-over-year to $23.6 billion in February, buoyed by increased demand from major markets such...
Oil Prices Push Trade Deficit to Six-Month High Higher prices pushed the U.S. trade deficit in January to its highest level in six months despite a 2.7 percent...
Rotterdam Boosts Russia Container Traffic 40 Percent The port of Rotterdam said container traffic with Russia surged 40 percent in 2010 from the previous year, sharply narrowing...
Tank Trucker Quality Cuts Losses in 2010 Restructuring and refinancing at Quality Distribution reduced a $180.5 million net loss in 2009 to $7.4 million in 2010, while...
NOL's Ron Widdows on Trans-Pacific Supply/Demand (Video) Ron Widdows, group president and CEO of Neptune Orient Lines, discusses the outlook for trans-Pacific vessel capacity with JOC's Peter...
Somali Pirates Release Vessel Somali pirates released a general cargo vessel and its crew after almost 11 months in captivity, according to the Indian...
All Nippon International Volume Grows 16 Percent All Nippon Airways said its international cargo volume rose for the 17th consecutive month in January, increasing 15.8 percent to...
Clarksons Profit Grows 44 Percent Clarksons, the world's largest ship broker, reported 2010 profit grew 44 percent from a year ago as shipping markets benefited...
MSC Boosts Mediterranean-US Rates Mediterranean Shipping Co. plans to raise freight rates for cargo moving westbound from Italy, Spain, Portugal, the south of France...
DHL Boosts Profit 50 Percent Deutsche Post DHL boosted earnings 50 percent in 2010 from a year ago as the global economic recovery drove strong...
Chertoff Group lands two more DHS veterans Nicolle Sciara Rippeon has joined The Chertoff Group as a director. A former chief of staff to the assistant secretary for policy in the Department of Homeland Security, Rippeon will specialize in providing clients advice in the areas of border sec...
Goldman Sachs invests in Management Dynamics Management Dynamics, a company that sells software and services for managing global trade, said Wednesday that Goldman, Sachs & Co. has made an investment in the company. It added that Gene Yoon, a managing director at Goldman Sachs, has been named...
Hatch chides White House on FTA inaction The ranking Republican of the U.S. Senate Finance Committee on Wednesday chided the Obama administration for its failure to move forward free trade agreements negotiated with Colombia and Panama, despite making promises to do so in 2009. Hatch 'The...
EU energy directive worries U.S. soybean shippers The American Soybean Association and other U.S. oilseed producer and industry organizations have expressed serious concerns to the U.S. Department of Agriculture and the Office of the U.S. Trade Representative about the European Union's Renewable ...
Scientists study sunken container Researchers are using a robotic submarine this week to study the biological impacts of a shipping container resting on the seafloor about 12 miles outside of Monterey Bay, Calif. Researchers from the Monterey Bay Aquarium Research Institute (MBARI)...
Crowley adds Caribbean ro/ro service Crowley Maritime Corp.''s liner services group will start a roll-on/roll-off liner cargo service March 17 between Santo Domingo, Dominican Republic; San Juan, Puerto Rico; and St. Thomas in the U.S. Virgin Islands. The fixed weekly schedule will su...
Grand Alliance rejigs TP network Grand Alliance carriers Hapag-Lloyd, NYK Line and OOCL said Thursday they will shake up their transpacific service network in May to coincide with the relaunch of a shuttered service connecting Japan and California. In 2009, the alliance carriers ...
Toll Global Forwarding targets air freight Toll Global Forwarding said Thursday it is "targeting significant growth in the global air freight sector in 2011." A subsidiary of Australia's Toll Group, Toll Global Forwarding said it has traditionally been weighted towards ocean freight, but ...
Mexico to start trusted shipper program Mexico plans to launch a trial version of the U.S. Customs-Trade Partnership Against Terrorism in the first half of this year, according a fact sheet provided by the Mexican Tax Administration Service (SAT). Mexico's program, the Alliance for Secu...
Odfjell to receive USD 50 million in damages The cassation court in St. Petersburg has decided in favour of Odfjell against the Russian state-owned yard Sevmash. Thereby the court confirms the decision of the state commercial court
CMP re-employs as car volumes soar The car handling volumes increased 56 per cent to 322,000 cars at Copenhagen Malmö Port, CMP, in 2010. The boom is explained by stronger car sales in Scandinavia and Russia
Finnlines' vessels in blockade The Finnish Transport Workers' Union AKT has declared a cargo handling blockade for Finnlines' vessels in all Finnish ports. The stevedores will neither discharge nor load the company's vessels during
Odfjell vessel to Indian recycler Odfjell has sold the chemical tanker Bow Puma, 40,092 DWT, for recycling in India. The sales price is close to the book value. The vessel has a so called Green
Royal Arctic Line logs higher profit than expected Royal Arctic Line A/S reports a DKK 41 million profit before tax and DKK 29 million profit after tax in 2010. The result is better than expected, despite lower
KPI Bridge Oil appoints bunker trader for Singapore office Choo is based in Singapore but originally from Malaysia and is fluent in English, Malay, Mandarin and Cantonese.
Norway planning new fuel quality initiatives at IMO BLG sub-committee did not support taking Norway's groundbreaking joint proposal with INTERTANKO forward, but authorities aim to raise issues again at MEPC.
Slowing ships to five knots could cut CO2 emissions by 80% Bureau Veritas coordinating EU project to look at feasibility of 'ultra low speeds'.
Fujairah IFO prices post double-digit gains Smaller gains in Suez.
European Bunker markets firm The market still tight market for prompt avails.
Stern tube lube designed to be 'environmentally responsible' 'Choosing Castrol BioStat is an extension of our concern for the marine environment,' says ISP.
Shipping lines struggle with bunker cost 'burden' 'We are mapping out the shortest distance per route and driving under optimum speed for fuel efficiency,' says Hyundai Merchant Marine.
Fuel oil stocks fall Singapore arbitrage arrivals set to swell in the second half of March.
Double-digit gains in most Asian ports Mixed demand at Asian bunker hubs.
LNG-powered gas carrier makes first delivery for supplier Coral Methane to transport LNG to a Swedish gas facility until the new LNG carrier is built.
DFDS orders newbuilds with 'efficient' propulsion engines RoRo vessels to be fitted with MAN Diesel's propulsion-package designs.
Slight dip in South China fuel oil stocks 50,000 mt of 380 cSt bunker fuel oil drawn from bonded tanks.
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