Container-ship alliances to boost rates: Platou Rates for ships hauling boxloads of manufactured goods may rise next year after owners said they will cooperate on some trade routes to overcome a vessel glut and slowing trade growth, RS Platou Markets AS said.
Varied fortunes in LNG market While rates are high and most vessels have seen an increase in activity in 2011, demand depends largely on size and age of the fleet
OGX set to spud four wells in Campos and Santos Basins OGX will spud four new wells in the Campos Basin and the Santos Basin in 2012
January will bring first oil for OGX Campos Basin well to raise production from 20,000 bpd to 50,000 bpd by year-end
OSX wins second FPSO financing, three more in pipeline The EBX Group's plans for building offshore equipment are ambitious
EXCLUSIVE: Sanctions fail to halt IRISL Iranian line still has 69 vessels actively trading
Tanker indices offerings tweaked in response to market demand Cross-Mediterranean route updated to reflect Syrian oil export sanctions while Baltic Exchange looks to introduce MR product tanker backhaul voyage for use in FFA market
Demand for supramax indices heats up Baltic Exchange looking at ways to improve its dry bulk carrier services
Baltic Exchange aims to keep up with Asia market China is the future for freight indices provider's membership
Goodbye, but not the end of the road We must never get complacent, says outgoing IMO secretary-general Efthimios Mitropoulos
Scrubbing up on emissions technology Owners need to plan ahead for installing SOx scrubbers, as it could take up to two years
Atlantic product tankers end the year on a high as earnings spike Owners such as Torm still face desperate struggle for survival despite last ditch rise
Raise a glass to a tough, indispensable job Amid the celebrations, remember the daily perils faced by seafarers
Box trades face new imbalance New tonnage planned for east-west trades but south drives new world growth
LNG carriers' one-year time charter rates hit $155,000 per day High demand sees rates keep rising
Genco dips into cash stockpile to reduce debt by $62.5m Opportunistic time charter policy to continue, says dry bulk major
HNA dispute reignites GCL misses new payment to Vafias while parent continues to splash the cash
Largest overnight capesize rate drop in two months Freight futures trades point to healthy January with China still hungry for coal
British Marine wins legal battle to delay defectors' P&I start-up Fixed-premium offering Lodestar to miss the February renewal season
MSC and Hamburg Süd merge services on South America route Two become one from January
Frontline takes $13m pre-Christmas bonanza for Atlantic VLCC fixtures Troubled tanker company secures three lucrative oil charters loading in January
A Christmas wish-list Please, Santa give piracy the heave-ho-ho-ho
Dr Peters plans aframax buy-back Plan to secure fresh Commerzbank loan
Two held as Finland investigates Thor Liberty arms cache Customs officials seized 69 Patriot missiles
Cargo volumes hit record highs at Bremen and Bremerhaven Total turnover rises 18% to 81.3m tonnes
North Adriatic ports to boost box capacity to 6m teu Research suggests a change in the balance of distribution among European ports is looming
Boxship alliances to add capacity and depress rates, says Jefferies New unity between carriers creates arms race not peace summit, says analyst
Keppel in $807m contract with Sete Brasil to build semi-submersible rig Deal brings shipyards orders for the year to $7.6bn
Pilots walk out at Antwerp Belgium's public-sector workers launch 24-hour strike over pension reforms
Where the sea promises gain as well as pain For Greeks, shipping remains an oasis for investment, compared with a worsening economic wasteland at home
Shipping cannot count on money in the bank 2011 has already seen a general tightening of accessibility to bank debt, but the outlook for 2012 looks likely to remain challenging and uncertain
Guard guidance due soon EUROPE'S shipowners plan to issue detailed guidelines on armed guards aboard merchant ships in January 2012
MSC, Hamburg Süd combine services BOX GIANTS Hamburg Süd and MSC have agreed to merge their weekly services from Mediterranean ports to South America's East Coast
Courage realises $1.08M from scrapping deal BULKER operator Courage Marine said it has netted $1.08M by selling a Panamax bulker for demolition
Loading spill shuts down Nigerian oilfield SHELL has reportedly shut down an oilfield off Nigeria after 40,000 barrels of crude spilled into the Atlantic
Yangzijiang buys rest of breaking unit SINGAPORE-listed Chinese shipbuilder Yangzijiang consolidated its breaking business today with a key acquisition
Sea Star price-fixing sentence confirmed JONES Act carrier Sea Star has been sentenced for price-fixing in the US-Puerto Rico trade, while its ex-president has been arrested and released on bail
Luka Koper to raise spending by 80% SLOVENIA'S only port operator, Luka Koper, plans to spend €35M ($45.6M) on its operations in 2012, 80% more than in 2011
Bomb scare disrupts port LA's PORT returned to business today to normal after a poor joke shut down part of it yesterday
Forward fixing pushes up LR tankers BROKERS told Fairplay today lower tonnage availability and a spate of forward fixing for January has raised long-range product tanker Persian Gulf/Japan rates
Sweden approves APMT takeover in Gothenburg SWEDEN'S competition authority has approved a takeover by Denmark's APM Terminals at Gothenburg's Skandia Container Terminal
Ruble costs Novorossiysk NET INCOME for Novorossiysk Commercial Sea Port plummeted by 69% over the first nine months of the fiscal year, to $72M
Butadiene rush fuels freight rates BROKERS told Fairplay today rates of pressurised butadiene and LPG carriers are rising within northeastern Asia
Lower China oil demand growth seen SLOWING economic growth could affect China's oil demand growth in 2012, IHS CERA said today
Bersin Resigns as Customs Commissioner Alan Bersin, the head of Customs and Border Protection, on Thursday said he will leave his post at the end...
Port of Seattle Container Traffic Falls 1.8 Percent Container throughput at the Port of Seattle in November fell 1.8 percent year-over-year, as a 6.1 percent decrease in exports...
Trucking Group Blasts New Driver Rule The American Trucking Associations said Thursday it is considering legal action against tougher new truck driver hours of service regulations,...
UPS Pilots Challenge Fatigue Rule in Court The union representing UPS pilots asked a federal court on Thursday to review the Department of Transportation's decision to exempt...
Federal Truck Regulators Issue Tougher Driver Rules Federal safety regulators issued tougher new hours of service regulations for truck drivers on Thursday, maintaining the 11-hour daily limit...
FedEx Finds Profit on the Ground When FedEx reported the busiest day for shipments in its history a couple of weeks before Christmas, the company credited...
Adding While Subtracting FedEx Express is adding capacity in the air. It's also putting off adding capacity in the air. It...
Rails See Benefits From Longer Trains With freight rail efficiency pretty much at its limits in stacking containers vertically, railroads increasingly are looking for improvements in...
Navigating 2012's Economic Rapids Lakshman Achuthan raised eyebrows in September by declaring the U.S. economy was "tipping into a new recession, and there's nothing...
Tacoma Container Exports Up 14.2 Percent Asian demand for grain helped pushed loaded container exports up 14.2 percent at the Port of Tacoma in the first...
MSC, Hamburg-Sud Merge Europe-South America Services Hamburg-Sud and Mediterranean Shipping Co will merge their Mediterranean-East Coast South America services in January, cutting capacity in a bid...
Forwarder CGL Plans to Add 10 Stations The parent of Concert Group Logistics said Wednesday the U.S. freight forwarder plans will increase its coverage by nearly a...
Boeing to Convert 50th 747-400 to Freighter Evergreen International Airlines, an international cargo carrier, will gain a second 747-400 converted freighter next year under a Boeing program to...
Japan Exports Down 4.5 Percent, Imports Up 11 Percent Japan's trade deficit expanded for the second straight month to $8.78 billion in November, as exports fell 4.5 percent year-over-year...
Maersk Hikes Far East Asia Rates Maersk Line will impose a new round of general rate increases on its Far East Asia services in January. ...
Montecon buys Kalmar RTGs Montecon SA, which operates container-handling facilities in the port of Montevideo, Uruguay, has placed orders with Finland-based Cargotec for two Kalmar E-one ...
OOCL scoops customer service award Hong Kong-headquartered OOCL has been commended for its customer service excellence by the Scoular Company, which is one of the largest exporters of grain and agricultural ...
Hamburg Sud and MSC to merge their Med/ECSA links The unprecedented level of change affecting the liner shipping industry continues with the latest development being the decision of Geneva-based MSC to merge its ...
Public sector strike causes Belgium transport delays A 24-hour strike called by Belgium's public sector unions has hit the country's pre-Christmas intermodal activity and caused delays to vessels entering and leaving ...
HMM and partners slash Indonesia sling due to cargo decrease Hyundai Merchant Marine (HMM), STX Pan Ocean and Emirates Shipping Line (ESL) have announced that they are slashing their jointly operated New Indonesia Service ...
Italian tanker freed by Somali pirates The Italian government has confirmed that a Fratelli D'Amato products tanker, and its five Italian and 17 Indian crew - held hostage by Somali pirates for more ...
US toughens its sanctions against Iran The US Government has further toughened its sanctions against Iran, listing a series of additional companies it believes are associated with the country's national ...
US truck index still reading positive The American Trucking Association's [ATA] for-hire truck tonnage index - a proven bellwether for the health of the US economy - increased a further 0.3% in November ...
Resolutions for a healthier New Year As is tradition at this time of year, we pause for breath and reflect on the events of the past 12-months; looking forward to the approaching new year with hopes ...
Excelerate in at Puerto Rico US regas specialist puts away another vessel on Central Americas job.
Paragon pens charter Michael Bodouroglou-led bulker owner bags a term deal worth over $8m.
DOF Subsea gets busy Oslo-listed offshore owner orders one newbuilding and fixes three ships on long-term deals.
Genco credit covenant waiver Peter Georgiopoulos led bulk carrier owner does a deal over its $1.4bn revolving credit facility.
Farstad continues Brazil push Norwegian offshore owner sends another vessel to Brazil on a long-term deal.
Keppel scoops Brazil rig deal Singapore-listed rigbuilder nets $800m contract with Brazilian player.
Vale VLOCs a "loss-leader" Sale of mining giant's behemoths could be compensated by profits from a couple of iron ore shipments to China, says ICAP Shipping.
Ship maker turns breaker Top Chinese shipyard group plans significant diversification into industrial scale shipbreaking.
Surf's up for Subsea 7 Oslo-listed offshore company wins $185m UK North Sea contract from ELF Exploration.
Tufton declares Scorpio stake London-based investment fund reveals previously undisclosed share in a Monaco-based tanker owner.
Oceaneering snags BP deals US offshore contractor wins contracts from oil major to supply up to three offshore vessels for work off Angola.
Keppel seals jack-up upgrade Aussie-Singapore joint venture opts to have repair and modification work carried out at FELS yard.
Precious offloads ABG ship Khalid Hashim-led bulker player opts to sell bulker newbuilding contract to Singapore's Global Bulk Carriers.
Pacific Drilling gets thumbs up Deutsche Bank and Morgan Stanley initiate coverage of Ofer Group drilling company with positive assessments.
Pirates target Nordic tanker US Navy comes to the rescue as Nordic American Tanker suezmax is fired upon by pirates off Somalia.
DNV acquires majority KEMA shares Company will support maritime customers as the world transitions towards a safe, reliable, efficient and clean energy ecosystem.
European players expect early market close on Friday Year-end holidays approaching.
Rotterdam market sees little activity Some delays in Gibraltar.
Fujairah prices continue to climb Prices lack direction in Suez.
Port handles its first 10,000 TEU containership Colombo will be ready to handle 'any mega vessel to be built in the future.'
Fuel oil terminal to start operations 'soon' Novorossiysk Fuel Oil Terminal will be the largest in the Black Sea.
Bunkering goes ahead despite strike Pilot services in Antwerp expected to resume later Thursday.
Price trends mixed at different Asian ports Supplies of bunker fuel tight in key Asian ports on Thursday.
Singapore onshore fuel oil stocks at three-month high Stocks up on influx of Western arbitrage cargoes.
New Zealand fines companies for spill during bunkering Spill would not have occurred if staff followed correct procedures, says local judge.
Finnish Border Guard orders dual-fuel patrol craft Building of vessel offers 'excellent opportunities' for implementing environmentally friendly technologies, says shipbuilder.
Supplier eyes larger share of business at Sri Lanka's east coast 'Good' business potential, says Managing Director of Lanka IOC.
Indonesian oil major sees 'positive' bunker sales Targets higher revenues and profit in 2012.
Shipping outlook 'unfavourable' on rising bunkers Uncertainty over European debt and its banking sector will 'severely test' the Asia-Pacific region next year, says Standard & Poor's.
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