Baltic's main freight index ends year on low The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, ended trading for the year on a low dragged down by a slow holiday season.
Oil tanker rates plunge 23% this year Returns for the largest oil tankers hauling two million barrel cargoes of Middle East crude to Asia ended the year 23 per cent lower, as fleet growth exceeded cargo demand.
Shanghai to remain world's top container port Shanghai, China's wealthiest city, said it will remain the world's busiest port for a second year ahead of Singapore as the nation's economic growth boosts trade volumes.
Torm of Denmark sells two ship contracts at a loss
Torm sells two kamsarmax bulker newbuilding contracts Danish shipowner ups its expected loss before tax for 2011 to between $230m-$250m
Multiport teams up with China's biggest ship agency Penavico signs MoU with world's largest network
Moody's cuts Sovcomflot rating Downgrade triggered in part by poor performance of whole of the industry, reflecting oversupply of vessels
ICS issues reminder to shipowners of new STCW standards Crew must now have at least 10 hours' rest per day
Single-hull tanker fleet shrinks 28% Owners even selling double-hull VLCCs for demolition to alleviate overcapacity
Brussels 'back to square one' as it probes P&I brokers on IG Questionnaire contains errors and asks for information that the clubs have already provided
Box rates inch up But 2011 is ending on a dismal note for container shipping
NewLead slashes debt with sale of four tankers Owner says deal boosts liquidity and operating flexibility as it satisfies all liabilities to 10-bank syndicate
Shipping companies' Wall Street listings set to shrink Private equity appetite for shipping companies will increase in 2012
Brussels to tighten terminal operating concession requirements Draft document will affect the way that port authorities award contracts
Court refuses SeaFrance resumption THE Paris Court of Appeal has rejected a union application for it to order loss-making French ferry operator SeaFrance to bring its four ships back into service between Calais and Dover
Precious might offload more ABG orders PRECIOUS Shipping's boss Khalid Hashim told Fairplay he might offload more ships ordered at India's ABG Shipyard if it continues to miss delivery dates
Petrobras cuts to the chase with rig talks PETROBRAS has canceled the tender process for 21 Brazilian-built oil drilling rigs, analysts told Fairplay today
Scorpio renegotiates covenants NYSE-listed Scorpio has placed an additional newbuilding order and secured loan covenant amendments that will restrict dividends
CSD shuffles tanker CHINA Shipping Development plans to let out its Aframax tanker Song Lin Wan to its subsidiary XC Shipping, on a one-year bareboat charter
Capesize rates converging CAPESIZE bulker rates routes to China from Australia and Brazil have diverged this week, brokers said today
Kogas to buy stake in Prelude LNG project SOUTH KOREAN gas supplier Kogas said today it would invest in the Prelude LNG gas project
China Shipping sees $2.3M in scrapping deal CSG RECKONS it will make $2.3M from scrapping two 1979-built bulkers
Suezmaxes opening a holiday gift box SPOT RATES for Suezmax tankers have extended their recent gains, thanks to active trading in the approach to the holidays approached, shipping analysts said today
NewLead sheds four tankers NASDAQ-listed NewLead Holdings today confirmed the sale of four LR1 product tankers to cure its debt to a bank-led syndicate
Asia-Europe Spot Rate Jumps 7.4 Percent The average spot rate for container shipping from Asia to Europe jumped 7.4 percent in the past week, part of...
UASC to Hike India-Europe Trade Rates United Arab Shipping Company will seek a general rate increase on westbound trade from the Indian Subcontinent, Red Sea and...
Hanjin Shipping Sells Stake in Affiliate Company Hanjin Shipping is selling its stake in the Hanjin Group's holding company, prompting suggestions in South Korea that the container...
Japan Supply Chains Still Hampered by Thai Flooding Many Japanese companies are still feeling the pinch of heavy flooding in Thailand because of supply chain disruptions, according to...
Hapag-Lloyd Sets Surcharge on India-US Routes Hapag-Lloyd imposed an "emergency revenue charge" on all containers moving from the Indian Subcontinent to the U.S. and Canada. ...
Declaring Safety First It was a major breakthrough for container ship safety when ports this month joined with carriers in endorsing a global...
2012, Clearly Alfred Kahn, the late economist and noted transportation deregulator, once famously claimed that if we simply used the word "banana"...
C-TPAT Eyes Exports If there's a terrorist cell in America plotting to export weapons of mass destruction, it hasn't been discovered yet. That's...
Covering Your Assets Q: I've read your article in the Nov. 14 issue on the spoiled load of imported shrimp. (Editor's Note:...
Cocoa containers to boost Amsterdam's traffic The decision of Hapag-Lloyd, ZIM Line and Mitsui OSK Lines to route their jointly-operated northern Europe-West Africa to Amsterdam during the peak season for cocoa ...
Tauranga to add more twin-lift equipment New Zealand's port of Tauranga is to phase in additional yard equipment with twin lift capabilities next year as it battles to process increasing traffic volumes ...
Transpac rates on the up: Santa Claus on his way? After weeks of decline, the latest spot rates on the transpacific have increased according to the World Container Index (WCI), providing some welcome festive good ...
Exploding reefers tackled by COA & TT Club The threat to the global supply chain from exploding reefer containers - that have been contaminated by the introduction of counterfeit gas - was debated at a forum ...
ICTSI puts in place reefer express lane at MICT A rise in the volume of perishable products and a desire to raise overall levels of customer service have led International Container Terminal Services Inc [ICTSI] ...
Tacoma port sees strong exports for November The US Pacific Northwest port of Tacoma has seen exports surge for November - but imports have shown static year-on-year growth, which the terminal says reflects ...
Bleak haus Xmas for German boxship owners There will be plenty of schnapps needed this Christmas to drown the sorrows of German boxship owners facing a seemingly never ending decline in daily hire rates ...
Floods compound Dar es Salaam's congestion problems Heavy rains and flooding that have caused the death of more than 20 people and led to extensive damage to roads, bridges and other infrastructure in the port city ...
YZJ deal a natural hedge Chinese outfit's purchase of a shipbreaking business will ease the pain of a shipbuilding downturn, AM Fraser says.
Daewoo drillship delayed Korean shipbuilder pushes back delivery date for a drillship on the verge of being handed over.
Torm loss may reach $250m Sale of two kamsarmax newbuilding contracts agreed as pressure mounts to tackle Danish shipowner's $1.8bn debt mountain and agree a new rights issue.
STX OSV nets fish deal Singapore-listed shipbuilder reels in fresh order for a fish food bulk carrier.
BW Group's Stadt not sold Andreas Sohmen-Pao-led owner says reports that it has sent a double-hulled tanker to be demolished are unfounded.
Capesize Xmas cheer Good news for drybulk owners as a bleak year draws to a close.
Fighting back in tough times A shipowner attacks malicious scuttlebutt, storms compared, a message to Brussels and why making friends in the liner trade pays.
Petrobras cancels rig tenders Brazilian giant said it is calling off a tender for the contracting of 21 domestically built offshore drilling rigs.
BW offloads double-huller Andreas Sohmen-Pao-led shipowner joins Japan's MOL in scrapping a relatively young double-hulled VLCC.
NewLead confirms LR1 sales Greek shipowner says sale of four 73,000-dwt product tankers will reduce its indebtedness by nearly $148m.
China Shipping scraps two Top Chinese shipowner opts to offload two veteran handysize bulkers to a domestic breakers yard.
Memorable news from a challenging year Tradewinds' online news reporters explain their favourite shipping articles of 2011.
Bunker markets slow as Christmas holiday nears NYMEX futures were closed due to the Christmas holiday.
Markets close early as holidays approach Little activity in Rotterdam.
Fujairah prices still climbing Suez marker will be closed on Monday.
New Spanish foreign minister 'familiar with the Gibraltar issue' Jose Manuel Garcia-Margallo 'has regularly asked questions in the European Parliament' on Gibraltar and bunkering.
Wartsila looks for 'optimal fuel consumption' in specialist vessels 'These ships will be a high profile representation of our capabilities,' says marine power provider.
Operational efficiencies give Singapore competitive edge 'Liberal market structure' is helping underpin the bunker hub's success.
Bunker prices at major Asian ports largely up as week ends Avails mostly tight at key Asian ports on Friday.
Germanischer Lloyd gets accreditation for ISO 50001 certification Accredited by German national accreditation body DAkkS to provide worldwide energy management systems certification.
Supply tightness in Hong Kong to ease in January Local traders expect Hong Kong premium to widen.
WFS CEO sells shares of the company Transactions made as part of a trading plan 'for diversification and tax planning purposes'.
'World's first' hybrid ferries get propulsion system Propulsion system to cut ferries' fuel consumption and CO2 emissions by at least 20%.
2011 'challenging' for tanker owners Owners had to deal with high bunker prices, overcapacity and low earnings during the year, says shipbroker.
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