Iran may take lower-level action instead of closing Hormuz Iran could make good on its threat and temporarily shut down or disrupt oil shipping through the strategic Strait of Hormuz, but it would trigger a devastating US military reaction and leave Teheran utterly isolated on the world stage, experts say.
Rotterdam beats own throughput record this year Rotterdam, Europe's largest container port and among the world's top 10, said yesterday it registered a new record throughput of 433 million tonnes, despite the continent's economic downturn.
China charters seven VLCCs from the Middle East as oil thirst shows no signs of drying up Charters highlight China's desire to use own tonnage
Rotterdam and Antwerp clock up throughput increases Both ports expect a solid 2012
Mediterranean aframax market on alert after Iraq halts oil exports Disruption to Iraqi oil exports to Turkish port sparks concerns for aframax charter rates
Vale Beijing cracks confirmed VLOC expected to quit Brazil for repairs in Lisbon or Istanbul
First trippers on missing Vinalines bulk carrier At least two seafarers are recent graduates
China Shipping and Cosco get closer in Asia-Europe trades Announce plans to enlarge space swap arrangements
LNG cargo flood into Asia set to cap gas prices Shipping market forecast to remain healthy despite lower Asian prices
Genmar number seven in 2011 bankruptcy league Tanker company beats Borders bookstore chain
Trafigura books medium-range tanker for six months Latest deal sees Trafigura top the table of charterers in the clean MR tanker time charter market
Hyundai Glovis wins deals HYUNDAI Glovis, the logistics arm of Hyundai Motor has won contracts to provide seaborne transportation of fully built vehicles for its parent and Kia Motor
SITC not exercising shipbuilding options CHINESE intra-Asia liner SITC will not be exercising shipbuilding options at compatriot yard Yangfan Group, citing difficult market conditions
USC takes over Red Sormovo yard RUSSIAN state-owned conglomerate, United Shipbuilding Corporation (USC) has completed its takeover of the Volga River shipyard, Red Sormovo
Madagascan vessel capsizes MADAGASCAR'S Maritime Operations Centre (COM) today said that 36 people are missing following the capsizing of a small vessel off the island nation's coast
New Russian mariners law blocked A PROPOSED new Russian law requiring mariners to meet new competency and marine institute graduation standards has been blocked
Iran threatens tanker shipments TENSIONS are escalating at the Strait of Hormuz as US President Barack Obama prepares to sign new Iranian sanctions into law
Sovcomflot charters 3 MR tankers SOVCOMFLOT has secured one-year period charters for three of its medium-range products tankers, brokers told Fairplay
Cosco Corp wins VLCC deal COSCO Corp, the Singapore-listed shipbuilding arm of China's COSCO group, has said it will be converting VLCC Sunrise Jewel into a FPSO for a Japanese client
APM Terminals Wins Lazaro Cardenas Bid APM Terminals won the right to build and operate a deepwater container terminal at the Port of Lazaro Cardenas, a...
NOL Group Chairman Cheng to Retire Cheng Wai Keung will retire as chairman of NOL Group in April, the parent of container line APL said Thursday,...
Japan Container Exports Seen Shrinking 2.3 Percent Japan's containerized cargo exports will decline 2.3 percent in the 2011 fiscal year ending March 31, 2012, with the global...
Antwerp Container Volume Grew 2 Percent in 2011 Container traffic at the Port of Antwerp grew just 2 percent in 2011 from a year earlier as the Belgian...
Rotterdam Containers Jump 6 Percent to Record High The Port of Rotterdam boosted container traffic 6 percent in 2011 but Europe's largest port forecast the eurozone sovereign debt...
APM T secures Lazaro Cardenas T2 concession The Hague-based APM Terminals (APM T) has won the concession to build and operate a second container terminal at Mexico's second largest box port, Lazaro Cardenas. ...
Seacube puts security funding plan in place Park Ridge (NJ)-based SeaCube Container Leasing has filed a so-called 'universal shelf registration statement' with the New York-based Securities and Exchange Commission ...
Ust Luga opens for business
NOL announces new chairman A further changing of the guard is underway at Singapore's NOL Group following the announcement that chairman Cheng Wai Keung, is to retire from the Board after ...
WBCG secures Finnish funding The Namibia-based Walvis Bay Corridor Group (WBCG) has signed another agreement with the Finnish Government that will enhance the transport capacity and help facilitate ...
Oil price drops despite Iran's threat The threat by Iran to close the Strait of Hormuz is regarded by the US State Department as having 'an element of bluster' and was mostly shrugged off by the oil ...
Euro ending the year under pressure The eurozone crisis is not going away: it is set to bite back in 2012, as evidenced by the nervousness among traders venturing out into the limited post-Christmas ...
New access road for Dunkirk growth The increase in container movements through the northern French port of Dunkirk - up 43% year-on-year at the end of September - is being eased by the opening ...
Congested Chennai gets some help from private rail player Shippers and liners utilising the heavily-congested city port of Chennai have received a boost with the recent introduction of a private rail operator to move their ...
Seasonal cheer from US consumers American consumers are feeling more positive about their country's economy, according to the latest report from the Consumer Board Consumer Confidence Index [CBCCI] ...
Iraq to buy general cargo ships As part of Iraq's rebuilding programme, the country's Ministry of Transport (MoT) has announced plans to gradually acquire a fleet of general cargo vessels with ...
Maersk improves coverage of Turkey Maersk Line intends to extend its AE5 deep-sea feeder service between Asia and Port Said to fast expanding Turkey on January 25. Westbound vessels will continue ...
Reprieve on KG capital call III to I Maritime Partners has a further month to pay up on $21m called in by ATL Offshore.
Disney villain at large EUR 1m worth of vandalism on a nearly-complete cruiseship newbuilding looks like an inside job.
APM scores in Mexico Danish terminal owner and operator expands Latin American presence after Mexico win.
Adani drops fleet plans Indian mining conglomerate says it will not invest in ships for its own cargo contracts and instead is seeking a logistics company to handle the business.
Keppel stretches orderbook Singapore-based rig and shipbuilder adds new contracts to take backlog beyond SGD 10bn mark.
China ends year on top China says it will end the year the world's largest builder again as it takes more contracts than close rival South Korea.
Otto sells barges Yaw Chee Siew-led offshore shipbuilder and vessel owner offloads a pair of accommodation vessels.
Cruise boost for Mitsubishi Kazuo Souma of Japan's largest shipbuilder reveals sales are on the increase despite the recession thanks mainly to a controversial order for two cruiseships from Carnival.
Vinalines tragedy fears grow No sign of missing supramax but Vietnamese owner retains hope GMDSS equipped vessel may yet be found.
NYK sees bonds downgraded Japan Credit Rating Agency cuts rating on domestic shipowner due to concerns about weak shipping market.
IADA set to raise box rates Intra-Asian Discussion Agreement plans "fair and justified" rate recovery program to cover cost increases.
Lamprell wins Mexican deal Middle East shipbuilder ends the year on a high note with contract to complete unfinished jack-up rig.
Further development of LNG facilities in Texas Increase in domestic natural gas resources has resulted in a drop in prices to the point at which US natural gas prices are among the lowest in the world.
Bunker prices ease following softer crude Activity picking up as prices fall.
Fuel oil exports rise Russian exports up month-on-month and year-on-year.
Fujairah holding steady, Durban prices jump Suez MGO shoots back up after a dip on Wednesday.
Japanese shipping lines sees its bonds 'downgraded' 'The higher yen and the increased fuel oil price are putting downward pressure on earnings.'
New barge for Russian supplier Launch ceremony in St. Petersburg.
Bunker prices little changed in key Asia ports Tokyo closed due to public holiday.
Singapore weekly onshore fuel oil stocks fall Volume of fuel oil down 2.2 million barrels to 17.0 million barrels.
Fuel oil value to hit 'three-year' high Market will feel impact of 'strong bunker demand and refinery upgrades.'
Sudanese bunker supplier anticipates growth Coral Bunkering & Services says lack of Government regulation is one of the sector's problems.
South China fuel oil inventories ease 6.9% Stocks down on limited inflows with bunker traders 'reluctant' to make further purchases.
Mixed mid-week prices across the Americas Players see demand fall away after morning of strong activity.
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