Container vessel scrapping hits two-year high Shipowners scrapped the most container vessels in two years this month as they seek to revive cargo rates amid an oversupply of ships and higher fuel costs.
Vale ore carrier for Philippine port One of Vale's mega ore carriers, among the world's biggest, is expected to arrive in the Philippines this week to unload its maiden cargo of Brazilian iron ore as the miner's fleet remains locked out of its biggest market, China. Vale has been forced to divert its fleet of six mega vessels to the Philippines, Italy, Oman and other destinations while waiting for Beijing to give it access to Chinese ports.
Strait Talk
Naval presence still critical A STRONG naval presence off Somalia is more necessary than ever.
Shipping Times
China unveils new high-speed train China has unveiled a prototype train capable of reaching speeds up to 500 kilometres an hour, state media said yesterday, as the nation pushes ahead with high-speed rail despite a fatal crash.
Container vessel scrapping hits two-year high Shipowners scrapped the most container vessels in two years this month as they seek to revive cargo rates amid an oversupply of ships and higher fuel costs.
Vale ore carrier for Philippine port One of Vale's mega ore carriers, among the world's biggest, is expected to arrive in the Philippines this week to unload its maiden cargo of Brazilian iron ore as the miner's fleet remains locked out of its biggest market, China. Vale has been forced to divert its fleet of six mega vessels to the Philippines, Italy, Oman and other destinations while waiting for Beijing to give it access to Chinese ports.
Strait Talk
Naval presence still critical A STRONG naval presence off Somalia is more necessary than ever.
Shipping Times
China unveils new high-speed train China has unveiled a prototype train capable of reaching speeds up to 500 kilometres an hour, state media said yesterday, as the nation pushes ahead with high-speed rail despite a fatal crash.
Container vessel scrapping hits two-year high Shipowners scrapped the most container vessels in two years this month as they seek to revive cargo rates amid an oversupply of ships and higher fuel costs.
Vale ore carrier for Philippine port One of Vale's mega ore carriers, among the world's biggest, is expected to arrive in the Philippines this week to unload its maiden cargo of Brazilian iron ore as the miner's fleet remains locked out of its biggest market, China. Vale has been forced to divert its fleet of six mega vessels to the Philippines, Italy, Oman and other destinations while waiting for Beijing to give it access to Chinese ports.
Strait Talk
Naval presence still critical A STRONG naval presence off Somalia is more necessary than ever.
Shipping Times
China unveils new high-speed train China has unveiled a prototype train capable of reaching speeds up to 500 kilometres an hour, state media said yesterday, as the nation pushes ahead with high-speed rail despite a fatal crash.
Cido sells two more FOLLOWING its en bloc sale of 30 medium-range products tankers to Craig Stevenson-led Diamond S Shipping, Cido Shipping has executed another collective transaction
Italian tanker hijacked SOMALI pirates have hijacked the products tanker Enrico Ievoli, Naples-based owner Marnavi has confirmed
Shippers Decry Changes in Trucking Hours of Service Groups representing shippers say new rules on work hours for truck drivers will reduce efficiency across their supply chains, complicating...
Troubled Cross Creek Trucking Shut Down Regional operator Cross Creek Trucking is shut down this week after federal safety regulators withdrew the company's authority eight months...
FedEx Pilots 'Outraged' at Fatigue Decision The union representing FedEx Express pilots says it is "outraged at the casual dismissal of cargo pilots and their families"...
Slow post-holiday start in Rotterdam Deliveries before the New Year tricky in some markets.
Finland could struggle to find support for ECA delay Finland's opposition on range of EU policies 'does not bode well for Finnish negotiators.'
Suez MGO jumps on tight supply Moderate demand and price moves reported in Fujairah on Tuesday.
Maersk Line: 'Most people back environmental agenda' Slow steaming is having a 'positive impact'.
Pressure to reduce C02 emissions 'will continue' 2011 will be seen as a 'pivotal year' for shipping.
Sinopec Fuel Oil expands into the Middle East Makes 'first' bunker supply in Fujairah in cooperation with BP.
Price of IFO380 grade mixed at major Asian ports Supplies of marine fuel differ at key Asian ports on Tuesday.
Current layups 'hardly sufficient' More layups needed as pressure on freight rates makes it 'more difficult' to pass high bunker costs to customers, says BIMCO.
Gulf Petrochem opens new office in Dubai Dubai office 'reaffirms' commitment to region, says group chief executive.
Stricken vessel in Antarctica takes on more fuel Extra fuel transferred to Sparta to adjust trim and expose hole in hull for repairs.
Sinopec Zhoushan reaches bunker sales target for 2011 Aims to sell three million mt of bunker fuel in 2012.
New slow steaming clause published New clause addresses the legal and technical aspects of slow steaming in time charter parties.
New study sheds light on impacts of bunker fuel Components of Cosco Busan bunker oil accumulated in naturally spawned herring embryos, then interacted with sunlight during low tides to kill the embryos.
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