S Korea leads global shipbuilding market South Korea regained its status as the world's leading shipbuilding nation in the first half of this year, by securing orders for 224 ships, totalling 8.92 million compensated gross tonnes (CGTs), Yonhap news agency quoted the Ministry of Knowledge Economy.
Maersk bags US$126m US Navy contract Maersk Line, Limited, a US unit of Danish shipping and oil group AP Moller-Maersk, has won a contract worth up to US$126 million to provide transport services to the US Navy and Marines.
Drewry, Cleartrade to launch container index in Sept Drewry Shipping Consultants and Cleartrade Exchange will launch a Europe-based container index in September, providing weekly freight rates that shippers can use to hedge against future risk, though top companies will likely not participate.
Scrap market in suspense as Bangladesh court hearing delays rumble on Indian breakers take advantage of cautious Chittagong buying atmosphere but demolition rates remain in limbo for yet another week
DryShips plan bargain capesize sales Two 15-year-old carriers committed to South Korean buyers at$17m each
UK government intends to allow armed guards onboard ships Shipping Minister says changing law will also ensure 'cowboy' security firms are not used
Opec and IEA tension ratchets up Tanker shipping looks set to suffer after shock move by IEA to release 60m barrels into market
The first oil crisis, 1973 Yom Kippur war led to Arabs withholding supplies to the US and the Netherlands
The second oil crisis, 1978-1981 Iranian oil workers went on strike in protest at the Shah followed by country's war with Iraq
LPG gas carrier rates poised to hit 32-month high Increased Middle East production and rise in spot cargoes gives owners support to push for high numbers
IMO agrees mandatory measures to cut greenhouse gas emissions Decision by vote and not consensus not ideal, says secretary-general Efthimios Mitropoulos
Duisport sees first half box handling improve German port operator optimistic it will beat 2010 results
Dover threatened with severe peak season congestion Disruption hits A20 road link just as tourist traffic is predicted to surge by 50%
Farstad buys remaining 50% of Brazilian offshore vessel owner Norwegian company pays Petroserv $56m for BOS Navegaç˜o
World Container Index set for September launch Drewry and Cleartrade bring second index to box derivatives market
Nigerian gang seize tanker and 20-strong crew Armed men capture 1980-built, 11,500 dwt Aegean Star
CSAV in Mediterranean Shipping vessel-sharing deal Move comes after Chilean container line drops its India-Europe service
Stena Line posts best North Sea half-year results for four years Harwich to Hook of Holland service carries 6.4% more cars and 1.4% more passengers
Box shortage fears overstated A key container manufacturer in China has some 500,000 teu of inventory, says investment bank
Hostages plead for ransom to be paid Somali pirates film interview with Danes and Filipinos and post footage on media website YouTube
Exmar and BW Gas swap vessels Two very large gas carriers exchanged for four midsize carriers, plus $35m
MCA cuts were 'too far, too fast, too risky' Admiral Massey defends original cost-cutting plan, but expresses sympathy for objectors
Lloyds List cleans up with report on MEPC's CO2 success The successful results of last week's Marine Environment Protection Committee's session will put the IMO on a strong footing
Kuehne+Nagel box volumes rise but falling freight rates hit revenue Operational result for sea freight up by 8% to SFr220m, despite considerable investments in growth initiative
Finnish owners slam EU sulphur amendments Shipping association says changes would hit industry in Northern Europe
Pirates seize bunkers tanker Jubba XX Vessel hijacked on voyage from UAE to Berbera
SCI gets Vizhinjam port bid extension Deadline is set back to give state-owned Shipping Corp of India time to prepare bid
Maersk wins $126m US Navy contract Four-year deal to operate five container and ro-ro supply vessels
Container shipping losses could extend to third quarter Jefferies warns outlook for 2012 and 2013 'highly uncertain' on capacity and structural changes in demand
Suezmaxes are only spark in gloomy tanker marker Broker warns of glut of tonnage on market if more owners go bust
US mulls doubling cruise liability funds WASHINGTON is considering doubling how much money cruise lines must set aside to cover reimbursement of ticket deposits
Cruising wins Baltic leeway CRUISE owners are no longer concerned today about an imminent threat to their Baltic deployments, thanks to the IMO Marine Environment Protection Committee
More IMO steps urged on emissions THE IMO'S adoption of amendments to MARPOL Annex VI - making mandatory the EEDI and SEEMP - is being hailed today by shipping leaders as a positive step
Offshore broker opens A BROKING group has been set up in Hamburg to cater only for the offshore wind farm sector and renewable energy cargoes
Subsea 7 wins $80M deal SUBSEA 7 said today it has won an $80M contract from Chevron Australia for the Gorgon gas project off Western Australia
Control of Africa port project sought CHINA'S Hanlong Mining is reportedly offering A$1.2Bn ($1.3Bn) in cash for the rest of Australian-owned Sundance Resources in Africa
Exmar, BW Gas swap gas carriers EXMAR, the listed Belgian gas carrier company, and BW Gas, have agreed to swap six ships
Tanker taken by pirates PIRATES are today compelling the 16 crew members on a hijacked oil tanker to sail to Somaliland, NATO told Fairplay
Frenzied scrapping speculation sparked SCRAP prices rose last week as frenzied speculation by cash buyers defied market reality
Long-haul box rates slide CARRIERS are increasingly withdrawing long-haul box services in view of rates falling because of the tonnage glut
Global efficiency rules approved THE IMO Marine Environment Protection Committee has adopted amendments to the MARPOL Convention that will make mandatory the first globally binding regulations designed to increase the energy efficiency of ships
Drybulk FFAs give hedge FFAs HAVE provided charterers and shipowners a welcome hedge against volatile drybulk freight rates this year, Freight Investor Services said today
Chinese coal imports drop CHINA'S coal importers are facing a challenging market this week, as domestic coal prices dropped while stockpiles at Qinhuangdao remained at comfortable levels last week
TTSI Plans to Buy 100 Hydrogen Trucks Total Transportation Services, a Long-Beach, Calif-based port drayage company, plans to buy 100 hydrogen fuel cell plug-in electric Class 8...
Shippers' Index Improves, Still Negative FTR Associates' monthly Shippers Condition Index rose this month, indicating that market influences affecting shippers are becoming less unfavorable. ...
Turkish Cargo to Begin Istanbul-Budapest Service Turkish Cargo, Turkish Airlines' freight division, began a weekly A310 freighter service between Istanbul and Budapest, adding to the Hungarian...
MSC, CSAV to Launch India-Europe Service Mediterranean Shipping Company and Chilean carrier CSAV entered a vessel sharing agreement to launch a direct container service linking India...
Republicans Try to Curb Rural Air Service Subsidies Debate over a proposal to reduce a U.S. program that subsidizes rural air service is the latest battleground in Capitol...
Shippers: EU Emissions Rules Will Push Sea Cargo To Road The European Union's plan to slash ships' sulfur dioxide emissions will likely result in 30 percent of short sea traffic...
Kerry Logistics Buys Two Chinese Logistics Groups Hong Kong-based Kerry Logistics acquired a controlling interest in two groups of companies in China, Shanghai Wisdom Group and...
Telecom Executive Joins INTTRA Board The founder of telecommunications company Neustar, Jeffrey Ganek, joined the board of directors of INTTRA, an electronic booking portal for...
Factory Production Flat in June U.S. industrial production rose 0.2 percent from May to June but manufacturing activity was flat, the Federal Reserve said, as...
Who's Banking on Shipping? Tobias Koenig has a proven business model at Marenave, the shipowning company he listed five years ago on the Hamburg...
DHL Expands Seattle-Shanghai LCL Service DHL will expand direct less-than-containerload service from Shanghai to Seattle, reducing transit times for LCL shipments by up to four...
Kuehne + Nagel Buys Brazilian Transport Firm Kuehne + Nagel bought Brazilian trucking and logistics firm Grupo Eichenberg for $52 million, making it the Swiss forwarding...
Europe-based Ocean Container Index to Launch in September A weekly Europe-based ocean container index by Drewry Shipping Consultants and Cleartrade Exchange will launch in September, giving the shipping...
Kuehne + Nagel Net Profit Grows 11 Percent Kuehne + Nagel said economic uncertainty made it impossible to forecast the rest of the year even as the world's...
Contracts and Copyrights Q: This is regarding your June 13, 2011, column about whether a carrier can reference the National Motor Freight Classification...
Winning the Border War Security continues to be a key issue for shippers doing business in Mexico. The rise in cross-border surface trade between...
Will Brazil's Cup Overflow? Its wounds still fresh from an earlier-than-expected exit from this month's women's World Cup soccer tournament, Brazil faces a quick...
Greenbrier Builds Confidence Uncertainty may pervade the economy recovery and its impact on freight networks, but if railcar and barge builder Greenbrier is...
Restructuring Draws Closer After securing a $400 million asset-based loan, the last remaining step is the sale of $100 million worth of convertible...
LTL Carriers Take Aim at Rates For a quick gauge of where truck pricing is headed, check tire prices. Tire manufacturers such as Michelin and...
Who's Holding the Wheel? The Teamsters union and environmental groups are taking a new tack in their long, so far unrewarding campaign to organize...
Transport, Transport, Transport When developers of industrial real estate make a pitch to potential clients, they want to talk to someone in charge...
Time of Departure I think we're rapidly approaching the shipping industry's "time of departure" that will separate the strong from the weak, the...
Captive Shippers Show Their Cards In laying a formal petition before federal regulators, heavy freight rail shippers at the National Industrial Transportation League hope to...
Poised at the Border When the first Mexican truck in a new cross-border trucking pilot project rolls into the U.S., it will bring an...
Mica Takes 'A New Direction' John Mica has a plan for surface transportation. The Florida Republican and chairman of the influential House Transportation and Infrastructure...
Is self-defence the best form of attack against the piracy scourge? In the wake of the phone-hacking tsunami that has engulfed a global media player and provided copious copy of scandal-ridden intrigue for its rivals, the fate of 400 plus seafarers incarcerated by desperate khat-chewing Somali-based pirates has all but completely disappeared from mention in the daily news
IUMI welcomes liner initiative on container safety
Hijackers free Aegean Star Peter Georgiopoulos-led bunkering syndicate breathes sigh of relief as gunman release product tanker off West Africa.
NOCC offloads ro-ro Scrappers in Alang prepare to sink teeth into Norwegian Car Carriers vessel following $8.5m demolition deal.
Campbell returns to Tsuji Bahamian bulker owner bets on market rebound with $51m order at Tsuji Heavy Industries.
FSL in draw with Daxin Singporean shipping trust to retrieve one court deposit but loses another while third case over disputed ship arrests continues.
Zeeland continues growth Dutch terminals group sees first-half volumes rise 11% as ore, metal and food cargoes boom.
Paragon ties up trio Cargill and Morgan Stanley turn to Michael Bodouroglou-led bulker owner for a pair of handies and a panamax.
Greek tanker taken Aegean Bunkering's Aegean Star seized by pirates off the coast of Benin.
Wartsila bags Russian deal Volga Shipping chooses Wartsila for inland waterway and coastal fleet renewal.
India plots bond drive Government eyeing $3bn debt sale to ease flow of funds for shipping industry.
Eight held after boarding Anti-logging protesters face court action in Tasmania after climbing on to Hachiuma Steamship vessel's crane.
Sino-Japanese LNG pact A joint venture of Shanghai based China Shipping Development and Mitui OSK Lines set to make a splash in the LNG business.
Bulker refloated German-managed CSL Trimnes had gone aground off Nord-Trondelag.
Farstad in Brazil move Offshore support operator buys out Brazilian jv partner for $56m
CSC's losses grow Sri Lankan state shipowner posts worse annual figures as small fleet struggles to compete.
Burney accuses Africa Pakistani human rights activist claims some countries are helping to arm Somali pirates.
Sea Star discontinuing Philadelphia service Sea Star Line said it will end its service between Philadelphia and San Juan, Puerto Rico, on July 22. "The maritime community in Philadelphia has been very supportive and great to work with, but we have been unable to secure an adequate revenue st...
MSC, CSAV link up in India/Europe trade Followinglast week's announcementthat CSAV and Mediterranean Shipping Co. will work together on several trades, the shipping lines said they will also jointly operate a Europe/India service beginning in August. Chilean carrier CSAV said it will wi...
Seaman charged under 'maritime manslaughter' law The mate of a tugboat towing a sludge barge that collided with a tourist "duck boat" in the Delaware River last summer has been charged with an allegation of one count of misconduct of a ship operator causing death under a "maritime manslaughter" ...
FMC seeks to improve cruise passenger protection The U.S. Federal Maritime Commission voted last weekto initiate a rulemakingto strengthen protections for cruise line customer deposits and prepayments, and to reduce financial responsibility requirements for small cruise lines. The FMC requires cr...
Budapest attracts Turkish Air freighter service Turkish Airlines' said it today launches an all-cargo service between Istanbul and Budapest, Hungary. The airline's cargo division will fly a widebody Airbus A310 with a capacity of 40 tons between the two cities. The freighter will complement carg...
IMO, EC approve environmental initiatives There was forward movement on two major environmental initiatives in the shipping industry last Friday. At the International Maritime Organization in London, the Marine Environment Protection Committee (MEPC) voted in favor of a proposal requiring...
SATO shuffles senior management SATO Corp., a barcode printing, labeling and radio frequency identification systems provider, said it has appointed J. Michael Fowler as general manager of its international business division. Fowler succeeds Kaz Matsuyama to become SATO's first no...
K + N reports higher profit, Brazil purchase Kuehne + Nagel Group said it had net profit of 312 million Swiss francs ($382 million) in the first half of the year, 11 percent more than the CHF 281 million earned in the first half of 2010. Revenue was CHF 9.78 billion ($12 billion) in the firs...
DHL adds Seattle to China LCL network DHL Global Forwarding continues to expand its less-than-containerload network, announcing Monday the start of a new service to the Port of Seattle from Shanghai. The company said the service can shorten transit times of existing services to Seattl...
Fujairah's fuel oil prices rise Talks held to end strikes in South Africa.
Varied stakeholder reactions to IMO's GHG regulation Adoption of mandatory efficiency measures for ships has been widely welcomed but has also attracted criticism for weaknesses in achieving CO2 reductions.
North European markets firm Very little demand in Gibraltar.
EEDI to phase in 30% improvement in ship efficiency A 10% fuel use reductions has been mandated for new ships delivered from 2015, increasing to 30% from 2025 for the largest vessels.
EU 'expects the IMO to deliver' further GHG measures European Commission welcomes IMO regulation but says market-based measures need to be pursued.
Week starts with gain in bunker prices at major ports Supplies of bunker fuel sufficient at key Asian ports on Monday.
Sinopec Zhoushan sees 'opportunity of collaborations' Chinese bunkering companies should help instead of fight each other, says Sinopec Zhoushan spokesman.
South China fuel oil imports up 33% in July Due to an increase in imports from Chimbusco and Brightoil.
China's bonded bunker sales to hit record high of 10 million mt in 2011 Sinopec and her JV companies replace Brightoil as China's second biggest bonded bunker supplier in the first half of 2011.
Current shipping recession to produce 'more victims' Strain on shipowners 'more intense' now, says shipbroker E.A. Gibson.
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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