M'sia lets 3 oil storage ships stay in its waters At least three loaded floating oil storage supertankers have been allowed to remain anchored in southern Malaysian waters, more than three months after the Malaysian government ordered their eviction, industry sources said yesterday.
Capesize dry bulk rates on Asian routes seen to fall Rates for capesize dry bulk carriers on key Asian routes are expected to fall over the next week on expectations that iron ore shipments to China will decline, ship brokers said yesterday.
Top Transocean manager to quit after 30-year stint Transocean Ltd, owner of the world's largest offshore drilling fleet, announced the departure of a former high-flying executive as the company struggles to improve its performance.
Boeing now full member of Danish research centre Boeing has expanded its partnership with the Danish Advanced Manufacturing and Research Centre (DAMRC) and become a full participating member. Boeing's membership offers DAMRC acce...
Alvaro Guzman to head The Freight Co in Vietnam The Freight Co, Bangkok, has announced that Alvaro Martinez Guzman is its new chief representative in Vietnam. Spanish-born Martinez' background is in international relations, foll...
Svizzera Logistica, 23-25 November, Lugano, Switzerland Svizzera Logistica is an international logistics trade fair, where selected enterprises will present their products and services in a relaxed and comfortable atmosphere that only L...
Cash injection for Australian infrastructure projects With good progress being made on two of South Australia's biggest infrastructure projects - the electrification of the Gawler Rail Line and construction of a south road superway - ...
Road freight prices decline in Europe Road freight prices declined by 2.6% in Europe in the third quarter of 2011, according to a transport market monitor published by Transporeon and Capgemini Consulting. The index de...
France makes CO2 emissions measurement compulsory from 2013 Transport operators in France will have to the state the quantity of CO2 emissions created by a service on their offers, quotes and bills in future. Service providers can establish...
Repairs after Simplon tunnel fire completed The Swiss railway SBB has completed repairs to that section of the Simplon tunnel damaged by the fire. CHF 12 million was invested. Upgrading work planned before the fire for 2012-...
Port of Salalah to offer Salalah-Europe sea-air links The port of Salalah has signed an agreement with Oman Air Cargo to strengthen links between the Sultanate's sea and airfreight sectors, as well as increase opportunities to develop...
Panama Maritime Chamber opens membership to international shipowners The Panama Maritime Chamber (PMC) has opened its membership to international shipowners with vessels registered in Panama for the first time, making it the equivalent of a Panamani...
Oldest German shipyard files for insolvency J.J. Sietas Schiffswerft & Co in Hamburg Neuenfelde, Germany's oldest shipyard that was established in 1635, has declared insolvency. The shipyard was managed by a member of th...
European airports making headway in reducing CO2 emissions ACI Europe, the European regional branch of the Airports Council International (ACI), has released an update on its flagship climate-change initiative called airport carbon accredi...
Schweizerische Post starts press distribution in Germany Schweizerische Post will operate its own press distribution operations in Germany from 1 January 2012, via its Swiss Post International unit. Swiss Post International Germany will ...
Norbert Dentressangle secures five-year contract with Carlsberg Norbert Dentressangle has been appointed as Carlsberg UK's primary logistics partner under a new five-year contract. Carlsberg will continue to distribute its own and third-party b...
Embraer and K+N extend partnership Embraer and Kuehne + Nagel extended their global partnership to include the establishment of a logistics hub for the Middle East and Africa regions at the Dubai Air Show. The hub w...
SIA Cargo now serves Chongqing Singapore Airlines Cargo now operates a twice weekly service to Chongqing in Western China, flying from Singapore to Bangalore, Kolkata (both India), Chongqing and Singapore, and o...
HHL buys vessel from Beluga's insolvency estate Auction of 12,800 dwt Volga called off after insolvency administrator agrees deal
Grand China payment problem persists, according to new Vafias filing Greek owner switches to New York court to seek security for unpaid hire allegedly going back three months
CSAV seeks buyer for boxline after third-quarter loss Weak demand and rising costs take losses to $343m
RBS files for auction of Ocean Tankers ship in Rhode Island as company hits back Michael Ioannides-led company to launch $728m damages claim against lenders
'No breathing space' in dry bulk if trade growth does not continue Booming fleet is being absorbed at present but demand is looking uncertain, says Diana Shipping
MSC expands Le Havre presence New joint venture box terminal to add about 1.2m teu per year to port's handling capacity
Greek tanker ships Syrian crude despite EU ban Eurotankers aframax set to discharge Syrian cargo on December 3
Zim mulls merger as it lines up further Ofer family cash shot Speculation over carrier impacts on parent company share price
Holiday charter rush fails to ignite Atlantic product tankers MR tanker earnings hover just below operating costs despite a busy few days
Belfast Harbour awards $77.5m terminal contract Local firm Farrans (Construction) to deliver 50-acre facility to handle pre-assembly of offshore wind turbines
Banks refusing to pay ransoms Decision could prevent the early release of crews
Further tankers sold despite continued fall in prices Brokers report three more sales as owners struggle in the market
MISC to exit container business Malaysian shipping giant cites fast deterioration of box market conditions
Regulation will not stop influx of private guards in 2012 Prices expected to fall as market becomes saturated
Box sector's game of pain leading to consolidation likely to continue OOCL and Wan Hai among the strongest, report says, while CSAV and Zim lead in accumulated losses
Irish freight throughput slides Short term outlook for ports remains challenging, says IMDO
Rushing toward development Unctad report underscores how maritime seaborne trade is changing
Peter Döhle to take stake in Ernst Russ Minority stake in rival tramp owner early sign of impending consolidation
Oil terminals asked to join database OCIMF project to promote safety and environmental protection
MISC shuts the box Malaysian shipping giant decides its wiser to pull the plug on its container line than sustain continued losses
Maybulk's profits fall on declining freight rates Kuala Lumpur-listed company cites 35% drop in time charter rates for first nine months
U-Sea Bulk signs new freight contract New agreement with majority shareholder will see it change name, again
Transatlantic to reflag icebreaker to secure $70m Sakhalin contract Vidar Viking to be reflagged under joint Russian and Cypriot flag
Hapag-Lloyd declares $225 per teu surcharge Bills to rise on December 19 for shipments from east Asia to northern Europe and Mediterranean routes
Croatia warned over shipyards sell-off Privatisation agreements must be signed by time country joins the EU, or yards will have to return state subsidies received prior to 2006
Maersk to move into the cloud HP to create private computing infrastructure for world's largest containerline
Zim seeks help after $66M loss ISRAEL Corp's box shipping subsidiary Zim said today it would seek to restructure its debts as it posted $66M losses for 3Q2011
Kremlin in port fight The Kremlin is reportedly in a shareholder battle for control of Vanino port, after refusing to accept the appointment of a new chief executive
EC warning on safety rules ITALY could face legal action if it fails to bring its passenger ship safety laws in line with EU rules, the European Commision warned today
Italy charged over VAT lag THE EUROPEAN Commission is taking the Italian government to the EU Court of Justice for failing to adopt EU rules on VAT exemptions for services to ships
SeaFrance ro-ros exported "illegally" ENVIRONMENT organisations have today called on the French government to repatriate two retired SeaFrance ferries which they claim were illegally exported to India for demolition
Softer VLCC rates seen BROKERS told Fairplay today that rising tonnage availability next week could push VLCC rates on the benchmark Ras Tanura-Chiba route down to Worldscale 60 or $22,033/day at today's bunker prices
Murchison agrees Oz port sale MURCHISON Metals today announced a deal to sell its stake in Western Australia's troubled Oakajee Port and Rail Project to joint venture partner Mitsubishi
Kerry's logistics centre is certified green Hong Kong-headquartered Kerry Logistics has had its efforts to reduce its carbon footprint and embrace green technology recognised - its Product Customisation and ...
Chennai congestion surcharge reduced As congestion at the container facilities at the Indian port Chennai improves, the trade recovery surcharge (CTR) has been reduced to around USD75 per TEU; albeit ...
China's PMI hits 32-month low A key barometer of a nation's future health, the Purchasing Managers' Index (PMI), is predicting a possible hard landing for China's economy, fuelling fears of ...
MSC confirms Le Havre move in 2012 MSC has confirmed that its first ships should start berthing in Le Havre's Port 2000 dock early next year. Stephan Snijders, general manager of MSC France, enthused: ...
MISC calls time on its liner business Malaysian National carrier, MISC Berhad, today announced its exit from the container liner business effective June 2012; having suffered cumulative losses of nearly ...
Black Friday D-Day for US retailers The day after Thanksgiving in the US - commonly known as Black Friday, when retailers' tills should starting ringing with the sound of profits - will have special ...
Shippers cautioned over carriers' carbon calculators Shippers have been advised to treat the results of ocean carriers' carbon emissions calculators cautiously by SeaIntel Maritime Analysis. Its latest Sunday Spotlight ...
Buy-back wins Street approval Diana Shipping tipped to aggressively repurchase shares as $100m plan is branded a "significant positive".
Diana changes growth curve New York-listed owner has reopened the door for newbuilding orders as yards are squeezed, president says.
Shipbuilding boosts Marco Singapore-listed company's third quarter numbers up by 25% after handing over more vessels.
Regulator approves CSIC bonds After scrapping a private share issue worth $1.8bn, CSIC gains approval for $1.26bn bond issue.
Coastal sliced by a third Malaysian shipbuilder sees earnings slashed by 32% after handing over less ships.
Indonesian deals up for grabs Wintermar's Sugiman Layanto tells TradeWinds WebTV that offshore opportunities are rife for overseas operators teaming with domestic owners.
Solstad preaches patience game Newcomers looking to tap the Asian offshore space should not expect an immediate return on their investments, owner says.
'Game of pain' to continue Consolidation will not dampen intense competition in the container sector, Citi says.
Saviour for SeaFrance? French local authority offers EUR 10m for insolvent cross-Channel operator, whose vessels still remain in port.
Sealink's black ink thins Operator of offshore supply ships and tugs reports a third quarter profit but shipbuilding appears a drain.
Ocean Tankers chases banks Cyprus-listed owner plans $700m compensation claim against lenders who withdrew support.
Zim turns negative Parent Israel Corp reveals big three-month loss for Ofer family-controlled container line.
Frontline contracts 'fixed' Ship Finance CEO says stable mate has no right to renegotiate charters as he backs struggling customer to survive.
Keep it simple, says Keat Nam Cheong director tells TradeWinds WebTV that shipyards need to find offshore vessel gaps - and fill them.
Rena salvage operations halted Virtually all the fuel oil that was onboard has also been pumped off to minimise the environmental risk should the Rena suffer more damage.
Prices stable in Fujairah, volatile in Suez Tight avails in Durban.
Main engine scrubber system proves reliability Company says ECA compliance has been achieved during continuous operations for over a year.
European markets soften Little activity in Rotterdam and Hamburg.
Operator pulls out of container shipping 'The cost for us to remain relevant in the liner business is untenable,' says MISC president.
Fuel oil stocks fall as players try to cut inventories 'Below-average stock levels largely due to a steeply-backwardated market.'
Storing fuel oil 'no longer an attractive option' FSU operations off Malaysia scale down, but three units are still on station off Pasir Gudang.
Asian IFO prices lack direction Demand generally low in Asian bunkering hubs.
Biofuels a 'very big' issue for shipping Maersk Line has started commissioning four European institutions to explore biofuel substitution strategies.
HK's 3.50% sulphur bunker supply will 'greatly depend' on oil majors ExxonMobil to 'officially' offer 3.50% sulphur IFOs from December 1.
EU emission legislation 'needs' to be aligned with IMO's MEP calls for timely implementation and possible extension of 0.1% sulphur limit in European waters.
Europe's first LNG-fuelled bunker barge to start operations Operations part of trials to acquire permit for construction of bio-LNG bunkering terminal.
CSAV losses deepen Fuel costs, the main cost component, remain 'high', the company says.
Sri Lankan supplier brings in 380 cSt parcel after delays 'Major engine problems' to its chartered tanker delayed the supplier's imports of bunker cargoes.
Andatee CEO eyes acquisition of company's shares An Fengbin intends to launch tender offer to acquire all outstanding shares of the company that he does not already own.
Brightoil director resigns Executive Director has 'no disagreement' with the board of the company, chairman says.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
