Vale's giant ship arrives at China port for 1st time One of the world's largest commodity ships operated for Vale SA reached a Chinese port for the first time, after the nation's refusal to allow such vessels delayed by more than six months the Brazilian miner's plan to control shipments with giant carriers.
Fuel oil seen trading at '3-year high' Fuel oil may trade at a three-year high relative to crude in Asia in 2012 as surging demand from shipping companies and reduced refinery supplies counter slowing consumption by Chinese power stations and factories.
Partnership deal lifts shipping stocks Hanjin Shipping Co, South Korea's largest shipping company, climbed to the highest level in three months in Seoul trading on expectations cargo rates may rise following a partnership on trade between Asia and Europe.
Allow Iran to board, Marad tells US ships Ruling comes despite Tehran threat to close Strait of Hormuz
DHT Holdings put on delisting watch Ominous end to year comes on fears of expiring OSG charter cover
Omega launches attack on creditors' lawyers and advisors Chapter 11-protected tanker company wants committee agreement invalidated
Pirates take Marnavi chemtanker Eighteen seafarers in multinational crew hijacked
Fuel oil trades high in face of waning Chinese demand Experts argue that trend will be short-term
VLOC makes first China call Giant vessel arrives despite local opposition
Vinalines bulker missing with 23 on board Fears grow for another nickel tragedy
Thor Liberty free to go but master detained Some of the dangerous cargo has been destroyed
Evergreen to link up with CKYH alliance in Asia-Europe fight back Agrees to co-operate with rivals to provide more voyages on Asia-Europe trades
Exploding reefer containers: race on to trace unsafe coolants Container Owners Association and TT Club team up to eliminate contaminated gases from supply chain
Worse to come for crisis-hit Asia-Europe trades Alphaliner forecasts dire year for boxlines
Vale VLOC reaches China BERGE EVEREST today became the first Vale VLOC to have called at a Chinese port
Turkish ship sinks in the Aegean A TURKISH cargo ship has sunk off the Greek island of Samos
Park sole Korea Line CEO KOREA Line Corp today named Park Jae Min as its sole CEO
Oakajee wins reprieve THE COMPANY seeking to develop Western Australia's Oakajee port project today received a last minute reprieve from the state government
Liner co-ops continue THE trend towards liner collaboration is accelerating, with the CKYH Alliance and Evergreen confirming that they will co-operate on the Asia-Europe/Mediterranean trades
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
Torm losses mount TORM has confirmed that its full-year losses will be greater than previously predicted after the sale of two newbuild 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
Russia to improve Arctic rescue network RUSSIA has allocated 910M rubles ($29M) to improve its Arctic rescue facilities
US Diesel Prices Fall to Two-Month Low Diesel prices across the United States fell for the fifth straight week in the week ending Dec. 26, falling 3.7...
Industrial Commodities Push Rail Carloads Up 11.7 Percent U.S. railroads reported an 11.7 percent year-over-year gain in carload traffic in the last full week before Christmas as major...
New Shipping Alliances to Prolong Rate Wars, Alphaliner Says The recent spate of alliances on Asia-Europe trade lanes threatens to prolong "unrelenting" rate wars and could spell "disaster" for...
Evergreen to Partner With CKYH Carrier Alliance Evergreen Line is joining forces with the CKYH Alliance of Cosco, K-Line, Yang Ming and Hanjin Shipping on the Asia-Europe...
Nehru Port Handles Record-Size Container Ship The 1,046-foot Seletar called on the Nhava Sheva International Container Terminal, a DP World facility, this week. Built in...
Asia-Europe Air Freight Falls 7.3 Percent Falling trade with Asia sent cargo traffic for European airlines down 4.4 percent in November, the sharpest year-over-year decline in...
Evergreen joins forces with CKYH Alliance Evergreen and the CKYH Alliance have agreed to share their services between Asia and Europe from Q2 12. Evergreen will not be joining the CKYH Alliance, only exchanging ...
SITC to let feedership options lapse The Hong Kong listed SITC International Holdings Company, which specialises in the intra-Asia liner market, has announced that options held on 8 x 1,100TEU-class ...
Iran threatens to close Straits of Hormuz Rising tensions between Iran and Europe and the US has led to Ali Rahimi, Iran's first vice president, to warn of the possible closure of the Straits of Hormuz ...
Ecuador's Manta concession awaited Government plans to involve the private sector in expanding and modernising the small port of Manta have received considerable interest from many terminal operating ...
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 ...
Rena salvage halted by adverse weather The removal of containers from the wreck of the Rena, off the North Island of New Zealand, has been suspended for the last few days due to 1.5m swells that make ...
Ethiopian Government to 'push' multimodal transport Ethiopia's Ministry of Transport (MoT) has issued a Multimodal Transport Implementation Directive which means that all state-owned enterprises and private groups ...
Mothballed box fleet slow to react to crisis The over capacity crisis in liner shipping, that is forcing ocean carriers into alliances with hitherto unlikely bed partners, is so far not filtering through to ...
Somali pirates take Italian tanker In a stark reminder as we see out 2011, that Somali pirates maybe bruised but are not yet beaten, a 16,630 dwt Italian-owned products tanker, and a crew of 18 was ...
Moody's upgrades KCS Moody's Investors Service, the credit rating agency group, has raised US-based railroad company Kansas City Southern's (KCS) rating from Ba2 to Ba1 with an outlook ...
Icon buys Emas OSV Fund manager Icon Capital has put cash into offshore shipping and Greek bulker owner Kyla.
Penetrating mystery An unexplained incident on the Baltic Sea has left a UK-flag containership pierced through the bow.
Tidewater extends again US-listed offshore owner frustrated as it tries to thrash out a joint venture agreement with Angola's Sonangol.
Alam wins Shell job Malaysian offshore owner nets $10m transportation contract from Anglo-Dutch oil major.
Iran in Strait of Hormuz threat Fears of merchant ship boarding flare up as sanctions hit oil exporter bangs blockade drum.
MOL orders green capesize Japanese shipping company MOL has placed an order for an environmentally friendly capesize bulker that it says will be 20% more efficient.
Mitsubishi teams up with new L&T yard Mitsubishi Heavy Industries has promised to support the development of expanding Indian shipbuilder Larsen and Toubro as its new $500m shipyard near Chennai nears completion.
Giant bulker into China Far Eastern country allows a Very Large Ore Carrier to dock for the first time, operator BW Group confirms.
Another nickel tragedy feared Concern mounts for 23 man crew of missing supramax that developed list on voyage to China.
Korean steel output jumps Smaller steel producing countries report sizeable increases in production as China stalls and Japan falls.
Seacor in green investment US company better known for its offshore activities has invested in an operator of wind farm utility vessels.
SITC ditches boxship options Weak markets prompt Yang Shaopeng-led owner to let options for eight feeder ship newbuildings to lapse.
Scorpio books a sixth With new cash and new agreements with lenders, Scorpio Tankers has added to its MR series.
FreeSeas gets new investor Ion Varouxakis-led bulker owner gets fresh backing as little known fund reveals previously undisclosed stake.
Gazprom Neft had 'abused market dominance' Russian energy giant fined $28.4 million for price fixing.
Mega dry-bulker docks in Chinese port Fuel-efficient mega carrier defies regional opposition.
Ballast Water Convention could accelerate VLCC scrapping Costs of complying with Convention could coincide with 'falling asset values and spiralling bunker prices'.
Bunker prices largely up at key Asian ports Supplies mixed at key Asian ports on Wednesday.
'Light sheen' detected from stricken vessel in Antarctica Oil sheen 'not likely to be fuel', says Search and Rescue Mission Coordinator.
MOL orders fuel-efficient capesize bulker New technologies will boost the ship's fuel efficiency and reduce CO2 emissions by 20%.
Research on high pressure behaviour of IFOs Researches look at the temperature-pressure-viscosity dependence of common IFO grades.
DNV highlights IEEC pointers for bulk carriers Commercial energy efficiency requirements are becoming 'increasingly important', says DNV executive.
Indian refiner offers third 380 cSt Jan-loading cargo Tender for the Essar Oil cargo will expire on December 29.
Thin demand following Christmas holidays Prices see-saw in major US ports as crude settles higher.
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