DNB, Nordea seen profiting among shipping banks DNB ASA and Nordea Bank AB, the largest providers of ship financing, may benefit as competitors face capital shortages from Europe's sovereign debt crisis.
Patriot missiles found on China-bound boxship Thor Liberty detained in Finland
China grabs Middle Eastern VLCC cargoes before Christmas break High fixing levels keep rates steady
G6 challenge to force more collaboration in Asia Cosco and CSCL are candidates for tie-ups, while Yang Ming and Evergreen are left with stark choices
Time to walk the plank? Only scrapping can end tanker woes, amid new pressure on rates and asset values
Italian tanker released Savina Caylyn crew free after 11 months in captivity
Antwerp and Rotterdam to study oil and chemicals pipeline link Europe's top two maritime gateways sign declaration of intent
A history of unholy alliances After 130 years of shifting shipping alliances, the Gang of Six is really nothing new
Anastassiadis takes top job at Louis Cruises Previously worked for Coca-Cola and P&G
Antwerp increases port dues Two-year freeze on levies is scrapped only two days after rival Hamburg raises tariff
G6 Alliance set to weaken Baltic Sea boxship charter market Feeder vessels of under 1,000 teu likely to see opportunities fall as lines sail direct
Shipping cybersecurity 'non-existent' EU urges IMO to tackle fragmented approach
JP Morgan Global Maritime Investment Fund backs Harren Shipping firms turn to private equity funding
Violence in Kazakhstan threatens oil exports Concerns surround country's 1.5m barrels per day oil export industry
Asia slowdown to slash US exports Stronger dollar and Euro debt crisis don't help
Flagging up a threat Outright discrimination against a flag for purely political or protectionist reasons carries serious implications for the shipping industry
Port Botany reports trade boost November brings upturn after stagnant year
ISCO becomes permanent observer at IMO Including oil-spill experts will 'fill a gap'
Free the Alabama 2 Why a judge's order to release Gaurav Prem's master and chief engineer should stand
Mediators broker new talks in Australia pay dispute Pay and conditions row has seen strikes and lock-outs
New Seychelles court will pave the way with piracy law Problem of ransoms will need to be dealt with by the business community
Seychelles piracy court and prison must expand to meet demand Purpose-built prison already two-thirds full
Maybulk lands $50m loan Credit from HSBC will be for capital expenditure
Mercosur bars Falklands flagged ships Diplomatic row mostly affects fishing vessels but reflects festering resentment over UK's control of the islands
Japan sees fall in overseas ship orders Dry-bulk demand shows year-on-year decline
First Ship Lease completes $483m refinancing Singapore trust restructures debt but still faces risk with creditworthiness of lessees
TBS International surrenders newbuilding sextet to bank Company staves off insolvency by handing RBS an entire series of specially-designed tweendeckers
Rena master and second officer accused of altering ship records Obstruction claimed after vessel hit a reef off New Zealand's North Island
Standard & Poor's downgrades K Line Ratings agency says carrier's long-term outlook will improve
Missiles and nitro smuggled FINNISH police said today that a UK-flagged general cargo vessel detained in Kotka had been smuggling missiles and 150 tonnes of explosive material
US security money shunned US PORTS have spent less than one-fourth of the money budgeted in a federal terror protection scheme, an oversight report has shown
SeaFrance union attacked for spurning talks FRENCH transport minister Thierry Mariani today attacked SeaFrance's majority CFDT union for refusing even to discuss an offer for the group from Denmark's DFDS and Louis Dreyfus Armateurs
Charleston cuts off Jasper plan SOUTH Carolina port officials have voted to cut funds for the Jasper Ocean Terminal after three years of wrangling with Georgia officials
Mercosur ports bar ships flying Falklands flag SOUTH America's Mercosur trading bloc has closed its ports to ships flagged in the Falkland Islands
BW forms LNG terminal JV BW GAS and InterEnergy Holdings have agreed to form a venture to build a LNG terminal in San Pedro de Macoris on the southeastern coast of the Dominican Republic
French might break grounded ship on beach BREST authorities have said general cargo ship TK Bremen will probably have to be demolished on the southern Brittany beach where it is grounded
VLCC spot rates edge up VLCC SPOT rates on key trades to East Asia edged higher today, shipping analysts said
India iron ore export cargoes plummet INDIA'S iron ore exports plunged in the first 11 months this year as Delhi increased curbs on export cargoes
Puntland drives pirates out of Bandarbeyla BANDARBEYLA, in the Karkaar region of Somalia's semi-autonomous state of Puntland, is reportedly free of pirates, according to senior state officials
Panamax recovery skids PANAMAX bulker rates are falling again, after their much-hailed respite in the middle of last week, brokers told Fairplay today
US Iran sanctions grow WASHINGTON has sanctioned 10 maritime-based companies for acting as fronts for Iran's shipping line IRISL
Containers put on 'ice' AUSTRALIAN police said today a substance used to make methylamphetamine has been found smuggled in shipping containers
Fewer wait yet snarls grow DRYBULK port snarls are worsening this week in China, even though fewer ships are waiting to berth
Oakland Rejects Crackdown on Occupy Port Protests Oakland city officials have rejected a call for city leaders to use strong tactics to prevent Occupy protestors from shutting...
Cargo Pilots Dodge New Fatigue Rule The Federal Aviation Administration exempted cargo pilots from the tougher limitations it placed on work rules for airline pilots on...
Panalpina Opens Logistics Facility in North China Panalpina said its recently opened 32,800-square-foot logistics facility in North China will become the Swiss logistics group's hub in the...
Customs Looks to Allow Exporters Into C-TPAT Customs and Border Protection may allow exporters to join a voluntary supply chain security program, and Japan, Colombia and Costa...
Truck Tonnage Rose 6 Percent in November Trucks handled more freight November, as manufacturing output and a restocking of retail inventories helped increase for-hire truck tonnage 0.3...
Hapag-Lloyd to Start Calling at Baltimore Hapag-Lloyd will start calling at the Port of Baltimore in February as the first U.S. port of call on its...
Antwerp Hikes Harbor Dues by 2 Percent Antwerp will raise harbor dues by 2 percent in 2012, the first increase in three years, as Europe's largest port...
Snowstorm Delays Shipments to Great Plains, Heads North The deadly snowstorm headed toward the Great Lakes threatens to delay further shipments after the freak weather paralyzed truck traffic...
Airlines Lose EU Carbon Emission Trade Challenge Europe's highest court on Wednesday upheld the European Union's right to make international airlines pay for carbon emissions on flights...
Hapag-Lloyd puts 'brave face' on Moody's latest credit ratings The latest ratings published by Moody's Investors Service paint a mixed picture for Germany's largest liner shipping company, Hapag-Lloyd. While on the positive ...
MSC and CMA CGM to work together between ECNA and WCSA In a further sign of the growing levels of collaboration between MSC and CMA CGM, the latter carrier is to buy slots on the former company's east coast of North ...
Rena officers on further charges
Panalpina expands footprint in China Swiss-headquartered freight forwarder Panalpina has opened a new logistics centre in Tianjin to act as a hub for north China - and the company said that it marks ...
New Years' Day marks end of LA CTP The Port of Los Angeles (LA) has reached the final chapter of its Clean Truck Program (CTP) - as of January 1, 2012 the last of the older local drayage trucks will ...
Japan's exports fall again Japanese exports fell by 4.5% in November - versus the same month of 2010 - to 5.2 trillion yen (USD66.8 billion) as a combination of a strong currency and the ...
Bunker supplier warns on new Turkish sulphur regulations Aalborg, Denmark-based, OW Bunker, one of the world's largest independent marine fuel suppliers, has flagged up the technical challenges surrounding Turkey's January ...
Sohar set to shine from new APL service The port of Sohar in northern Oman expects to see significant benefits from the decision of APL to route its newly-launched pendulum service connecting ports in ...
Fate 'uncertain' for 200 Somali-held mariners Despite the significant reduction in the latter part of the year of successful hijacks of merchant ships in the Gulf of Aden and Indian Ocean - the result of a ...
Crude inventory slides the most in a decade Crude inventories fell by 10.6 million barrels last week.
First shipping company to gain energy management certificate Helping to optimise efficiency, reduce fuel consumption, reduce the company's environmental footprint and provide a cost saving for the vessels owners.
Confusion over Namibian bunker row Challenge to claims that off-shore bunker licenses are 'illegitimate'.
European bunker markets continue to firm Bunker prices climbing as crude oil prices rise.
Fujairah prices still firming Crude oil prices firming in early trades.
Strike could hit bunker operations Antwerp faces disruption as public sector workers call strike for Thursday.
Svitzer looks for fuel efficiency Towing vessel operator says newbuilds will be 'state-of-the-art' in terms of fuel consumption.
Continuing dissension over EU Sulphur Directive Ministers call for a more detailed impact study.
Bunker prices jump in Asian port hubs Supplies remained tight at most Asian ports on Wednesday.
Rena officers face new charges The officers alleged to 'pervert the course of justice' by altering documents after the grounding.
Tight bunker supplies in Busan to ease only in February Lack of supplies during the winter months a 'seasonal trend'.
Higher revenues, fuel derivatives gains keep cruise operator in black Carnival Corporation expects fuel costs to increase in the first quarter of 2012.
Supply tightness persists at Far East Russian ports Players unable to offer most bunker products until the end of the year.
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