IUMI conference to debate Costa Concordia fall-out Casualty has implications for underwriting passengerships, says secretary-general
P&I club becomes first to offer members K&R cover Product will normally have a $5m limit
Aframax crude tanker fleet size to peak soon Vessel class saw less ordering than others after 2008 crisis, but spot market is still weak
North American emission control area reduces SOx limits to 1% Restrictions to take immediate effect as region aligns with Baltic and North Sea
Cosco issues first-half warning but eyes return to profit by 2014 The ballad of a state-owned conglomerate struggling to get back to black
Cosco seeks 'special treatment' to stave off delisting fears Cosco could face a delisting warning in Shanghai at year-end
Rongsheng's latest scrape Investigation of the yard's chairman by the US SEC could hurt its reputation, but the builder has finessed a tough situation before
US to ban tanker charters and sales to Iran Latest move against Tehran also targets NITC insurance cover and reflagging
Indian blackout failure leaves millions without power Further coal imports could provide relief to locals and shipowners
Weak tanker rates curb profit for Capital Product Marinakis group charters yet another partnership vessel at sweet rate
Chinese tanker scrap rate gap with subcontinent hits six-month record Prices in India drive demolition focus to south Asia
Sale of MR pair sends Scorpio into second-quarter loss Figures highlight shrinking tanker values
Lloyd's List caption competition Take the bull by the horns and help us out with a headline
Scorpio confirms two more product tankers at Hyundai Mipo Fleet renewal gathers pace as company favours fuel-efficient newbuildings
Poor weather hampers firefighters on MSC Flaminia Shipmanager waits for clearance to steer damaged boxship to shelter in UK
Japan's big lines edge toward the black MOL, NYK and K Line report losses but hold to forecasts of full-year profits
China approves CNOOC's second Shenzhen LNG terminal Country's top importer plans more terminals despite fears of overcapacity
MHI shipbuilding division reports April-June losses Japanese yard receives only one commercial ship order
PMSC certification expected in July 2013 European Commission to hold additional meeting before November deadline
All change at Tui As Michael Frenzel steps down after 18 years at the helm of the group, Vodafone's Friedrich Joussen will take over
Diversity advantage Japan's major lines benefit from running a portfolio of shipping businesses
Gun warning Setting standards for private armed security on ships needs to be done with caution
Chinese yard's LNG carrier deal provokes scepticism LNG carrier building deal may not be all it seems
Boxships face long-term unemployment Scrapping increases as cargo prospects darken
Courage Marine warns of greater loss Dry bulk player blames depressed market and fleet replacement
Ahmadinejad suggests Iran stops exporting oil Price of oil based on political factors, not economic ones, so crude should be used in domestic refineries instead
Maersk is losing $200 per feu on China to Australia routes Carrier describes situation as unsustainable
Danaos back in black in second quarter Chief executive Coustas predicts upsurge for sector as a whole
K Line predicts bigger full-year profit Japanese shipping line posts much smaller net loss in April-June compared to year-ago level
US poised to tighten sanctions AMERICAN lawmakers are now targeting Iran's shipping and energy sectors with a new, even tougher set of sanctions
Ahmadinejad: 'stop the exports of crude oil' IRAN should stop crude exports altogether, stressing refined oil products instead, President Mahmoud Ahmadinejad was quoted as saying today
Flaminia 'ping-pong' warned FRENCH greens group Robin des Bois warned authorities against playing "Ping-Pong" over providing a place of refuge for the fire-ravaged box ship MSC Flaminia
Japan's Big 3 narrow losses JAPAN'S Big Three - MOL, NYK Line and 'K' Line - all narrowed losses for the first quarter of fiscal year 2012, which began in April
Celebrity names new boss ROYAL Caribbean-owned Celebrity Cruises today appointed Michael Bayley as its president and CEO
CPP ups sponsor ties NASDAQ-listed Capital Product Partners today reported an adjusted loss in its latest quarter and revealed further reliance on its sponsor Capital Maritime as a charter counterparty
Saga sells its last ship SAGA Tankers, the Norwegian VLCC owner that went public in 2010, today sold the last of its four vessels
Moroccan ferry group seeks judicial protection BANKRUPT Moroccan ferry group Comanav-Comarit today said it is seeking legal protection from creditors
VLGC business slows CHARTERERS have shunned fixing very large gas carriers to ship LPG, preferring to wait for SAUDI ARAMCO to unveil its August contract prices later this week
TUI reveals Frenzel's replacement as CEO TUI, A KEY shareholder in German box giant Hapag-Lloyd, has chosen a replacement for Michael Frenzel as CEO
Danaos sees 'stagnant' market BOX SHIP lessor Danaos has predicted that liner clients will be profitable in the near term, but noted that Europe's recovery is essential given looming newbuilding deliveries
Courage's losses to widen SINGAPORE-listed Taiwanese bulker owner Courage Marine today warned losses for the first half would widen
Russia, Vietnam agree to customs accord RUSSIA and Vietnam have agreed to implement customs-free trading, the Kremlin said
NYK axes fleet spending NYK LINE said today it will scale back on fleet expansion, except for its LNG carrier fleet
Crew rescued from grounded ship EIGHTEEN crew members have been rescued from a cargo ship that ran aground off the northern Philippines, its coastguards confirmed
NAFTA Surface Trade Rose 8.3 Percent in May Trade via surface transportation between the U.S. and its North American Free Trade Agreement partners, Canada and Mexico, rose 8.3...
NY-NJ ExpressRail Volume Up 10 Percent Volume on the Port of New York and New Jersey's ExpressRail intermodal rail service at marine terminals jumped 10 percent...
Arkansas Best, ABF Return to Profit Transport operator Arkansas Best delivered an $11.8 million net profit in the second quarter, recovering from an $18.2 million first quarter...
ILWU Clerical Workers, Employers Resume Talks Waterfront employers and office clerical workers in Southern California softened the tone of their rhetoric Tuesday and agreed to resume...
'K' Line Trims Loss, Forecasts Profit Japanese carrier "K" Line narrowed its losses in its April-June first quarter and said it expects rising rates and cost...
Truck Overpass Ready to Open at Port of Savannah Georgia officials held a ribbon-cutting ceremony for a $22.5 million overpass that will route trucks over six rail tracks at...
Kuehne + Nagel Lands Metro Group Contract Kuehne + Nagel has won a major retail contract to provide ocean freight logistics management services for Hong Kong-based Group...
Higher Rates, Better Freight Drive Celadon Profit Higher truckload rates, lower equipment costs and "better freight" boosted Celadon Group's profit 63.6 percent in the last quarter as...
US May Hit Washing Machine Makers With Tariffs The U.S. Department of Commerce plans to impose tariffs on washing machines built by four major manufacturers after the agency...
NYK Expects Profit on Containers for Year NYK said its first quarter losses on container shipping narrowed, and the diversified Japanese carrier said it expects the unit...
DB Schenker to Ship a Third of China Cargo Through Hong Kong DB Schenker has signed a deal in which the forwarding giant will ship around one third of its air freight...
Panalpina Second Quarter Profit Plunged 37.5 Percent Panalpina's second quarter profit tumbled 37.5 percent from a year ago, but the Swiss logistics and freight forwarder boosted its...
MOL Narrows Losses, Raises Forecast Japanese carrier MOL narrowed its loss for its March-June quarter and said it expects improved container shipping results to contribute...
More Container Ships Face Long-Term Unemployment Increasing numbers of container ships are facing long-term unemployment amid bleak job prospects in a bearish charter market, according to...
Scandlines Exits European Short Sea Freight Market Scandlines completed its exit from Northern Europe's short sea freight market with the sale of a Baltic Sea route and...
Danaos Back in the Black Greek shipowner Danaos returned to the black in the second quarter, booking net income of $8.97 million, compared with a...
ILWU Clerical Workers, Employers Break Off Talks Contract negotiations between office clerical workers and the attorney representing waterfront employers in Los Angeles-Long Beach resumed Monday morning after a...
All that glitters is not gold Weighing in at some 412 grams the Olympic gold medals currently being won in London for 'swifter, higher, stronger' athletic achievements are surprisingly made ...
Q1 net losses narrow for Japanese carrier trio The three Japanese ocean carriers have seen their net losses for the first quarter of their fiscal years significantly reduce compared to the same period of last ...
MSC Flaminia: bad weather stymies salvors
CMA CGM to start new Brazex service in August CMA CGM has announced that its new Brazil Express (Brazex) service connecting South America's largest country with the Caribbean basin will be standalone operation ...
Taiwanese shippers hope the 'worst is over' in Europe Taiwan's key European export market plunged in the second quarter of the year sending its economy into contraction mode against an earlier forecast of slight growth.According ...
Stubkjaer joins Carrix Knud Stubkjaer, an ex ceo of Maersk Line and an employee of that organisation for more than 30 years has joined Seattle-based Carrix Inc, the parent company of ...
Market downturn and carriers' rate hikes hit Panalpina Panalpina, which is one of the world's largest logistics groups, posted weaker profits in its Q2 12 fiscal period, but according to ceo, Monika Ribar, still 'outperformed ...
Saudi Arabia's KAEC to open next year The initial phase of Saudi Arabia's new port at King Abdullah Economic City (KAEC), which is located near Rabigh about 100km north of Jeddah, should open next year. ...
Death for Glory ship A tanker which survived a brush with Somali pirates last year has been sold for scrap in Pakistan.
Capital slides in Q2
Cal Dive & Fugro ink JV Cal Dive and Fugro have joined forces to compete for the growing number of subsea projects within the offshore energy industry.
Scorpio admits order Scorpio Tankers has confirmed a swoop for up to four newbuildings at Hyundai Mipo in South Korea.
SCI sells oldie Shipping Corp of India has rid itself of its sole bulk oil carrier.
Polarcus back in black Polarcus has turned around its fortunes off the back of a bigger fleet and improved utilisation.
Better from NCL Norwegian Cruise Line has overcome a weak European economy to post an improved second quarter.
Barclays cuts Rongsheng Probe into chairman's share dealings leads to fears institutionals will turn away.
OSG keeps AMS ships American Shipping Company has rejigged a series of charter contracts with Overseas Shipholding Group and finalised a refinancing package with lenders.
Odfjell orders eight Odfjell has returned to the newbuilding arena with an order for up to eight ships at Hyundai Mipo.
NYK to slash fleet Continuing unprofitability of its core shipping business has led to Nippon Yusen Kaisha abandoning plans for a big fleet expansion.
Double joy for MHI Mitsubishi Heavy Industries has seen a huge upswing in its first quarter numbers though its shipping segment fell into the red.
Saga to spread cash Shareholders in Saga Tankers are ready to split the company's cash following the departure of its last vessel.
Fincantieri flush Italian shipbuilder Fincantieri is flush with cash after an improved first half showing
MOL cuts deficit Mitsui OSK Lines (MOL) has narrowed its first quarter loss after seeing a rise in sales across the board.
K Line banks on oldies K Line has moved against the grain for more modern vessels and decided to stretch the useful life of many of its ships.
MES sees order growth Mitsui Engineering & Shipbuilding has seen profits fall by over 50%, but has seen new orders increase on a year ago.
Scorpio back at Mipo Scorpio Tankers has returned to Hyundai Mipo for up to four more fuel efficient newbuildings, it is thought.
Danaos returns to profit Danaos has reported a return to profits for the second quarter of 2012 with net income of $8.9m.
Wallem teams with NTC Wallem Shipmanagement has teamed-up with Nanjing Tanker Corp in a new joint venture ship management partnership in Singapore.
Japanese lines recover in fiscal 1Q The improvement included two of the carriers making operating profits at group level. Collectively, the three lines cut their first quarter fiscal year losses from $265 million in 2011 to $42 million this year.
Washington Notebook: CBP's new port director for Houston/Galveston
Washington interests want HMT reform Government officials and business leaders are using last week's report from the FMC on U.S.-bound sea freight moving through Canadian and Mexican ports to support calls for HMT reform and increased U.S. port investment.
Panalpina's profit falls, Latin America bright spot The Swiss forwarding and logistics company had consolidated profit of 17.3 million Swiss francs ($17.7 million) in the second quarter ending June 30, 46 percent less than the 32 million Swiss francs it earned in the same 2011 period.
NS overhauls coal line in record time The Eastern railroad said it completed $20.5 million of track, bridge and signal improvements along a major coal line through the Monongahela Valley during a seven-day blitz timed to coincide with coal miners' annual weeklong summer break.
Crowley offers LCL service to Colombia
Quad-C buys Network Global Logistics
Logitude, Pangea partner on SaaS forwarding
U.S. duties set for washers from Mexico, South Korea
Traders forecast 'supply crunch' of on-spec fuel in August Traders claim shortage of on- specification cargoes is due to lack of available high density blending materials.
IFO prices firm in Fujairah Fujairah prices move up with bigger jumps seen in Suez.
Prices move with narrow margins across Europe Price climb slows in Rotterdam with mixed picture elsewhere.
Industry player publishes guide to oil trading jargon Book based on years of experience in oil trading business.
US tightens sanctions against Iran Senate and Congress reconcile sanctions bills and add new provisions.
ECA: Shipping company entering 'unchartered waters' 'There are more unknowns than knowns,' says Matson official.
Iran 'to stop' exporting crude Falling crude exports turn Iran inwards towards its domestic market.
'Ships get bigger and bigger' in drive for economies of scale 'We can't carry on doing what we've been doing,' says Maersk Line executive.
Dual-fuel ferry order goes to European yard Fincantieri to build 'eco' ferry for Canadian company.
Prices lack direction in Asian bunker markets Supplies of bunker fuels largely fine at major ports in Asia on Tuesday.
Tanker specialist orders fuel efficient newbuilds Odfjell says ships 'will have an eco-friendly design and lower fuel consumption'.
Alaskan city supports state suit against US EPA North Amercian ECA will increase cost of living for local population as shipping firms pass on the higher bunker costs.
Chartered ships returned as rates stay low Dry bulk woes pile pressure on charterers and shipowners.
Bunker prices to lift flat tanker rates in 2013 Flat rates to increase on the back of a 14% increase in average bunker prices, says shipbroker.
South Korean bunker output slightly up in August Most refiners to maintain bunker production levels.
Chimbusco in low sulphur fuel oil purchase Pays a premium for the LSFO cargo from Russia.
INTERTANKO updates optimal speed model for tankers Aims for a 'common understanding' of the benefits of reduced speed amid high bunker prices and overcapacity.
Liner outlook upbeat on lower bunker costs Box rates have stabilised on better capacity management in the sector, says Danaos CEO.
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