Pirates more violent but less successful Piracy attacks on the world's shipping rose by a third in the first half of this year and became increasingly violent, with pirates using machineguns, grenade launchers and other weapons, a maritime watchdog said yesterday.
Cosco to spend US$12m to protect ships Chinese shipping giant Cosco Shipping will spend US$12 million on armed guards and other measures to protect its ships, a report said yesterday, after the UN warned of a growing threat from pirates.
Rolls Royce wins anchor handling systems deal Rolls-Royce is supplying advanced anchor handling systems to four offshore vessels being built in Singapore.
US hurricanes offer hope for European gasoline exports Weather in US Gulf could exceed seasonal average over the coming months, potentially boosting gasoline imports
MR product rates flat as driving season imports halt Brokers expect further stagnation next week due to sufficient vessels available
Refinery capacity growth set to boom China will lead the way with almost 25% of the total, and North America will also see expansions
Latin America drives high volume Chile took the majority of US exports due to a rise in seasonal demand and lower natural gas exports from Argentina.
Rio Tinto production back on track after weather delays Second quarter production figures from Rio Tinto's Australian mines show iron ore and coal volumes have bounced back from low levels seen during the first three months of the year when severe weather hit facilities across the country
Fronthaul capesize prices stay ahead of panamaxes Capesize fronthaul voyage rates have managed to stay above those of smaller panamax bulkers for over three weeks now but transatlantic trips are still cheaper on larger vessels as European bulk commodity demand drop
Germans focus on piracy Maritime minister brings forward summit with VDR, indicating ruling on armed guards
Opening address to MEPC is timely reminder of need for compromise IMO acts out of its own sensitivity and care about the environment, not because others say so
Israel and Lebanon take undersea border dispute to the UN Outcome will have implications for Israel's move to becoming major gas exporter
US Senate votes to scrap ethanol tariff and subsidy Move would provide boost for shipowners as Brazilian ethanol imports into US increased
Work on tie-backs from Tamar to start next year Noble Energy's $88m contract with EMAS AMC shows how subsea activity is vital in allowing oil producers to make scale economies with existing infrastructure
P&I clubs draw up confidential lists of approved security providers Pirate attacks fuel escalating requests from shipowners for guidance
UK government revises coastguard closure plans Three stations facing the axe will now stay open and hours will not be reduced
The 'disease of sloppiness' breaks out yet again The Department for Transport has yet to address concerns over how the standards of pilotage around the UK coast are at risk from commercial pressures
Exposing 'hidden scandal' Grey's spotlight on Somali piracy was spot-on
Insurers back cargo-stowing campaign IUMI to hold session on accidents caused by badly stowed or overweight containers
Slater has got it wrong on UK non-doms Foreign business people do pay British tax, and they are willing to leave the country if the regime is changed
Assessing companies' liquidity is a long game What impact will debt burden have on tanker and dry bulk owners in 2011?
CSAV seals joint services pact with MSC Three-year deal announced as MSC reveals it is postponing the transpacific Jaguar service it planned to operate with CMA CGM and Maersk Line
Pirate attacks rise to 266 in first half of year More than 60% of incidents attributed to Somalis, says International Maritime Bureau
Los Angeles rapped for cost overruns Audit highlights six projects by city's Harbour Department that were estimated at a combined $20m but ballooned to more than $116m
Marseille-Fos seeks operator for giant drydock 10 Port authority launches another tender for repair facility at Mediterranean hub
MEPC needs to show progress There is a risk that agreeing an international solution for reducing carbon dioxide from shipping could be taken out of the IMO's hands
Australia's carbon tax law looms closer Now PM's hands are tied over scrapping green laws, shipping will have to bear the brunt
Long Beach box volumes up 6.6% on the year Analysts warn that for the US as a whole, import volumes remaining flat or falling
Fraud charges loom closer for Beluga founder Bremen prosecutor's office publishes preliminary results of its investigations
The seafarers' champion Michael Grey articles in Lloyd's List win praise
Robin returns home Britain's last remaining steam coaster returns to its east London roots
Italy offers soldiers for hire ITALY'S government has reportedly agreed to allow shpowners to pay for the use of soldiers to protect Italian-flagged ships from pirates
Consolidation blocks box market entry BARRIERS of entry to the container market have risen as consolidation has taken hold, Fairplay has been told
HHI labour deal agreed HYUNDAI HI said it has reached an accord with labour officials that would raise some bonuses by 800%
'K' Line to transport grain 'K' LINE said today it has closed a deal with Japan's National Federation of Agricultural Co-operative Associations (JA) to transport grains from North America and Australia
Pirate attacks rise in first half PIRATES attacked 266 ships in the first half of the year, up from 196 ships a year earlier, the International Maritime Bureau said today
Asia/USWC service axed TS LINES of Hong Kong today confirmed to Fairplay it will be suspending an Asia/US West Coast service running jointly with China's Hainan Pan Ocean Shipping
135% profits rise seen for Precious SECURITIES group PhillipCapital said in a research note today that it expects Precious Shipping's 2Q2011 net profits to grow more than 135% year on year
J.B. Hunt Transport Profit Jumps 26 Percent J.B. Hunt Transport Services raced ahead of a slowing economy in the second quarter, increasing net profit 26 percent over...
Drewry Forecasts Persistent Container Shortage Although container production is up in the wake of last year's critical shortages, prices for the boxes have nearly doubled...
Los Angeles Imports Fell 10.2 Percent in June Imports into the Port of Los Angeles fell 10.2 percent in June from the same month a year ago, throwing...
FedEx Raising Spending to $4.2 Billion in 2012 FedEx will increase capital spending 24 percent over the next year, adding $800 million as it replenishes its fleets with...
Congress Eyes 'Confusing' Waterways Environmental Rules Lawmakers will have to cut through a knot of "confusing, contradictory" rules to establish effective regulations controlling invasive species in ships' ballast...
Damco to Handle Marks & Spencer's China Hub Damco, the logistics arm of the A.P. Moller-Maersk Group, will manage Marks & Spencer's mainland China hub operation, as the...
EU Trust Busters Probe Frankfurt-Hahn Airport European Union competition regulators launched an investigation into public loans to Frankfurt-Hahn Airport, a German freighter hub, to ensure they...
Liberty Property Enters Inland Port Chicago Market Liberty Property Trust gained first inland port access by buying 1.2 million square feet of warehouse and distribution space adjacent...
Class 8 Truck Order Backlog Expands The backlog of Class 8 trucks on order to be built is getting bigger, as demand for new trucks remains...
Investors Favor Ports in Africa, Latin America and India Private investors, returning to the global port industry following the credit crunch, are targeting projects in Africa, India and Latin...
Autos, Chain Stores Boost Retail Sales Retail sales rose 0.1 percent in June as a rise in spending at automobile dealerships and chain stores offset a...
Growth Slows in Manufacturing Index An index of manufacturing activity grew more slowly during the last three months but indicated expansion for the seventh consecutive...
Trans-Pacific VSA Postpones Plans for Third String Overcapacity and slowing demand on the trans-Pacific spurred CMA CGM, Maersk Line and Mediterranean Shipping Co. to postpone the launch...
Adverse demand Big 3 postpone new transpacific serviceThe world's three biggest container lines have postponed plans to introduce a transpacific shuttle service this year until the second quarter of 2012, one of the lines said Wednesday. Maersk Line, Mediterranea...
Commentary
CSAV ties up MSC deal Chilean liner carrier CSAV said Wednesday it has cemented a three-year deal with Mediterranean Shipping Co. to partner on a trio of trades from the end of this month. The agreement covers services on the northern Europe/West Coast South America, E...
Big 3 postpone new transpacific service The world's three biggest container lines have postponed plans to introduce a transpacific shuttle service this year until the second quarter of 2012, one of the lines said Wednesday. Maersk Line, Mediterranean Shipping Co. and CMA CGM had planned ...
Another transpacific service suspended Hainan PO Shipping and TS Lines have pulled one of their three jointly operated transpacific services, according to the lines' online schedules. Maritime news outlets reported Wednesday that the lines had immediately stopped running their TP1 loop....
Hamburg Süd merges intra-Europe strings Liner carrier Hamburg Süd said it is merging a two-string service connecting northern Europe and the Mediterranean into one loop. Citing "unfavorable trading conditions," the line will suspend its Northern Route service from the first week of Augu...
Jumbo starts building heavy-lift vessel Rotterdam-based Jumbo Shipping has entered an agreement with the Brodosplit shipyard in Split, Croatia, to build a top segment heavy-lift vessel. The vessel will have a length of 152.6 meters and a beam of 27.4 meters and is equipped with two 1,100...
Swissport handles Finnair's cargo in Brussels Swissport International, a provider of ground services to the aviation sector, has won the cargo ground-handling contract with Finnair covering its operations at Brussels International Airport. Finnair operates about 2,300 scheduled passenger fligh...
BIS includes South Sudan in export controls The U.S. Commerce Department's Bureau of Industry and Security has amended the Export Administration Regulations to add controls on exports and re-exports of U.S.-origin "dual-use" items, products with both commercial and military applications, to...
Zepol: U.S. imports down 7.4% in June U.S. import shipment volume for June decreased 7.4 percent from the same month in 2010, trade intelligence firm Zepol Corp. said Wednesday. The analyst said the volume, measured in TEUs, also decreased 4.6 percent from the previous month. The total...
GHG deal at IMO unlikely to stave off EU action What is on the table is 'too little, too late' to satisfy European Union CO2 reduction targets.
Fujairah market firm Durban markets firmed over the day.
Rotterdam prices firm Quiet day of trading in Hamburg.
Andreas Chrysostomou re-elected as MEPC Chairman During plenary, IMO Secretary-General congratulates Chrysostomou on his excellent record and for winning the 'well-deserved' Sustainable Shipping award.
Dan-Bunkering appoints sales manager in Singapore Madeline Lee has 17 years of bunker industry experience.
Bunker prices at key ports mixed Supplies of bunker fuel not an issue at major Asian ports on Thursday.
Russia to create strategic oil products reserve Products for reserve to be purchased from oil companies at market prices.
Vietnam-based supplier expanding ISO 8217:2005 spec to all ports ISO 8217:2005 380 cSt and 180 cSt grades currently only available at South Vietnamese ports.
India to improve bunkering facilities at Tuticorin port As part of initiatives to strengthen bilateral maritime cooperation with Maldives.
China's bonded bunker sales up 21% in H1 China may sell 10 million mt of bunkers in 2011, sources say.
Singapore sells record amount of bunkers in June Bunker sales up even as the number of 'bunkers-only calls' fall from May's level.
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