Baltic index's gain smallest in six sessions The Baltic Dry Index, a measure of global commodity-shipping costs, gained the least in six sessions on Friday as a surplus of vessels prevented owners from boosting freight rates.
IMO set to clash with EU on vessel CO2 emissions The International Maritime Organization (IMO) is making little headway on market-based measures to curb carbon dioxide (CO2) emissions from international shipping, putting it on a policy collision course with the European Union, observers said last Saturday.
Shipping defaults could wipe out some banks' equity Germans in firing line due to KG exposure
SCFI gains a fifth as Asia-Europe box rates soar Surge in Shanghai Containerised Freight Index provides further evidence of box lines' success in ramping up westbound rates from Asia
Can the Asia-Europe boxlines make spring rates hikes stick? Newbuildings threaten further imbalance between supply and demand
NYSE to delist Horizon Lines common stock Jones Act liner major loses appeal against October suspension notice
Petrobras books Euronav ULCC for storage Brokers report TI Europe fixed for six months, with options, at just $20,000 a day
Optimistic DVB to hike lending in 2012 Banker worried about shipbuilding capacity and run-down ships
Höegh LNG inks 10-year charter with Lithuania for newbuilding regas unit Norwegian company says deal will generate $50m a year
SISI sees slower growth in global cargo throughput this year Lacklustre global economy weighs on sentiment
Goldman Sachs and Fredriksen linked to Torm restructuring Investment bank tight-lipped over reports of proposed equity deal
NewLead opts for one-for-five reverse split Greece-based owner moves to regain compliance with Nasdaq rules on minimum bid price
Brokers' hopes dashed as capesize rates flatten Chinese new year bounce-back proves short-lived
Chinese iron ore imports under threat from ramped-up domestic mining Mixed signals regarding 2011 demand for foreign iron ore could hit capesize market
Lloyd Fonds KG fund in insolvency threat Fund seeks fresh capital amid a wave of insolvencies
Bashing the bankers Defaults are putting lenders under severe stress
Lyttleton Port Christchurch defers cruise berth decision New Zealand construction costs soar after earthquake
MEND offers to negotiate release of crew held by Nigeria pirates But expert suggests links between pirates and anti-oil militants
Will GRIs come to grief? It is far too early to hail last week's rate hikes as a success
UK government shuns industry-led standards for armed guards Lancaster House conference on Monday will take first steps creating new regime
Oriental Precision placed under creditors' restructuring South Korean machinery maker suffers amid industry woes
SCI cancels Iranian crude shipment after insurers deny coverage Suexmax fixture halted last month ahead of tougher European sanctions
Statoil to tender new type of $500m rig Norwegian oil group will use 'cat J' rigs to drill in mature oil fields off of Norway
Japanese buyers seek force majeure for Iran contracts Pressure builds to add clause to insurance agreements from April
Ezra builds warchest for subsea projects Singapore-listed offshore contractor sells 5.6% of its stake in Ezion
Second ballast water system taken off the market Pulled technology had secured type approval
Ningbo box volume growth soars in February Shippers scramble to move cargo ahead of Asia-Europe price hikes
Capital market enthusiasm for shipping remains muted, owners told IPOs are currently viable for LNG carrier owners but the sector is an exception
Detained Beluga Participation in insolvency case Questions who owns vessel held in Mumbai
Hanjin joins April general rates push South Korean boxline plans $400 per teu hike on Asia-Europe trades
Cruising grilled on taxes A PROMINENT US lawmaker has questioned whether the cruise industry is paying its fair share of US taxes
NewLead goes for split NEWLEAD Holdings today announced a 1-for-5 reverse stock split to bring its share price comfortably above NASDAQ's minimum
Allied stuck in crosshairs GREEK drybulk operator Allied Maritime is being besieged by legal action and allegations of unpaid bills, court documents reveal
Three found guilty in 1988 ferry terrorism A FRENCH court today convicted three men for their part in a 1988 terrorist attack on a Greek ferry that left nine people dead and 100 injured
Far East/Europe box rates jump SPOT RATES on key Far East/Europe trade lanes jumped markedly higher this week, driven by liners' push for increases, Arctic Securities said
Pacific Basin shares rally HONG KONG drybulk shipper Pacific Basin's shares today closed 6% higher at HK$4.23 ($0.545), despite posting lower annual profits yesterday
Maybulk seen coiled for S&P strike MAYBULK, which has been largely absent from the S&P and newbuilding markets, might be returning this year, a shipping analyst said today
UK deals focus on pirate suspect transfers THE UK has initiated a range of steps to counter piracy since last week's Somalia conference
Nickel drives Supramax surge THE INFLUX of coal and nickel ore cargoes has sparked a Pacific Supramax rate climb this week
ISS pushes into logistics ISS CEO Claus Hyldager has completed the port agency specialist's restructuring, which he told Fairplay would "ensure balance across the regions, yet provide much-needed flexibility"
VLCCs rise on March coverage CHARTERING of VLCCs has surged this week with players rushing to cover voyages for the last two weeks of March
Horizon Boosts Rates on Puerto Rican Trade Lanes Horizon Lines said Friday it will raise freight rates on cargo moving between the U.S. and Puerto Rico as of...
Trans-Pacific Containerized Trade: Interactive Graphic How many TEUs did Japan export to the U.S. in 2009? What is the forecast for U.S. containerized trade with...
Rate, Surcharge Update for Week of Feb. 27- March 2 Mediterranean Shipping imposed a general rate increase on westbound cargo from India to North Europe and the...
Pantos Logistics Opens Dutch Logistics Center Pantos Logistics recently opened a roughly 31,000-square-foot logistics center near the Port of Rotterdam to distribute vehicle parts across Europe....
India's Port Nehru Gets Closer to Handling Larger Ships The Port of Jawaharlal Nehru (Nhava Sheva) will be able to handle deep-draft vessels and expand throughput capacity in roughly...
James River Coal Expects Shipment Growth via CSX, NS James River Coal in 2012 expects to ship at least 3.3 percent more coal from the Midwest and Central Appalachia...
West Coast Ports' Long Haul When U.S. ports in the Pacific Northwest talk about rival Prince Rupert, British Columbia, words such as "diversion" and "unfair...
Currency for Trade February's visit to the U.S. by China's likely next leader, Xi Jinping, provides policymakers and business leaders in both countries...
Export Growth Loses Steam U.S. containerized exports started 2011 with a bang before slowing in the fourth quarter, but the outbound business finished the...
Mixed Bag in Asia-US Trade 2011 was a year of contrasts in the Asia-U.S. trade. U.S. containerized imports from Asia were essentially flat, inching up...
Port Possibilities Republicans are hoping the bankruptcy of solar panel manufacturer Solyndra will create a Watergate-like scandal for Democrats. The GOP is...
Trucking Pioneer Henry Vander Pol Dead at 95 Henry Vander Pol, a trucking pioneer who helped establish two motor carriers in the Pacific Northwest, died Wednesday in Auburn,...
EEOC Sues Celadon Trucking For Illegal Medical Exams The U.S. Equal Employment Opportunity Commission is suing Celadon Trucking for allegedly requiring prospective employees submit to illegal medical tests....
Celadon Trucking Acquires Teton Assets, Drivers Celadon Trucking will get trucks, trailers and, perhaps most important, badly needed truck drivers from its purchase of Teton Transportation's...
Union Pacific CEO Young Takes Medical Leave James Young, chairman, president and CEO of Union Pacific Corp., the largest U.S. railroad, will take a medical leave of...
2 Million TEU Port to Open in UAE in Late 2012 The Abu Dhabi Port Co. plans to open a port with an initial annual capacity of 2 million 20-foot equivalent...
Indexing World Trade At times, it seems the only thing shippers, forwarders and carriers share is a common mantra: They say they want...
Swapping Data It's fine to have an opinion but better to base the opinion on facts, especially if millions of dollars are...
New Winds Blowing As the industry gathers in Long Beach this week for the 12th Annual TPM Conference, shippers face a more complex...
Looking Ahead When shippers, ocean carriers and others gathered for The Journal of Commerce's annual Trans-Pacific Maritime Conference three years ago in...
Broker Caught In the Line of Fire Q: You've addressed the issue of brokers paying carriers and carriers not paying subcontractors many times, yet I find myself...
Hanjin Will Boost Asia-Europe Rates Again Hanjin Shipping joined other carriers on Friday in announcing a second round of freight rate increases on its westbound Asia-Europe...
Auckland port dispute to end in court That seems to be the only way forward from the intransigence emitting from both the Port of Auckland's [PoA] management and the Maritime Union of New Zealand's ...
MSC transfers big vessels into transpacific tradelane
Bunkers spike another USD13 in morning trade Ocean carriers and short-sea operators are nervously watching the oil markets again after the cost of Rotterdam-sourced IFO 380 soared by USD13 per tonne in trading ...
DFDS slips in Q4 11 Denmark-based DFDS saw its profitability slump in Q4 2011. Compared to Q3 11, its revenue fell by 12%, down to DKK2,746 (USD479) million, out of which operating ...
MSC boxship sub-let from Maersk, owned by Seaspan steams into Jakarta reef APL - which has a slot charter agreement with Maersk Line on its China - Australia - New Zealand VSA service operated by the Danish carrier and Geneva's MSC - has ...
CMA CGM joins rate increasing bandwagon CMA CGM has joined the list of ocean carriers seeking a second bite of the freight rate cherry in the tradelane from Asia to Europe. It has announced that it will ...
Eurozone jobless hits new record, but pain mainly in Spain Unemployment in the 17 nation eurozone rose again in January to 10.7% - there are now 16.9 million people out of work in the single currency states. However, the ...
RCL also suffers from 'weak shipping environment' Posting a full-year net loss of THB780 (USD25.8) million for 2011, Thai-based intra-Asia carrier, Regional Container Line [RCL], said that 'continued over-capacity ...
SBLK cape in Turkish scrape Jewel of Star Bulk Carriers' capesize stable out of commission after scraping bottom on entry to port of Eregli.
BLT enlists reinforcements Cash-strapped Indonesian owner crowns restructuring commander as concerns over depth of financial troubles mount.
NewLead readies split Greek owner lines up cure for Nasdaq deficiencies as share price lingers below key threshold.
Solvang back at HHI Oslo-listed LPG operator returns to Korean yard for a second Very Large Gas Carrier.
Threat sparks ship evacuation Passengers disembarked as crew conduct security sweep of ship after hoax message.
Troim: no rush with cash John Fredriksen's lieutenant says tycoon will take his time before splashing the $1bn burning a hole in his pocket from Seadrill share sale.
SBM Offshore takes a $1bn hit Eyewatering impairments push Dutch offshore specialist to a massive loss as platform pain goes on.
Yard in bankruptcy fight Mykolaiv court starts proceedings against Chernomorsky two weeks after it posted annual profit.
Nigerians confirm capture Trio of seafarers snatched from a Dutch reefer off the coast of Nigeria this week are alive and well.
Sinochem saves Dorval Japanese tanker owner planning joint venture with Chinese petrochemical trader in bid to take it out of court administration.
Tzitzis and Papalios team up Greek owners in the market for tonnage for Icon Shipping partnership
Farstad ditches old Ladies Karl-Johan Bakken-led company sells early 80s built anchor handlers.
Matching investment and talk Derivatives defended, the merits of avoiding business contraction and fitting in time for sleep in a crisis.
Bunker prices surge across the Americas Demand in Cartagena was busy due to low volumes, according to players in the region.
Global bunker market experiences volatile week Bunker prices experience volatile week on back of a tense crude market falling victim to supply rumours.
Emulsion fuel producer gains increasing investor attention Investors looked for more information on why shares in producer of emulsion fuels had risen almost 50% in three days.
No consensus on outstanding part to GHG agreement Disappointment at MEPC 63 as a resolution needed before a new part of MARPOL Annex VI enters into force remains contested.
New fuel efficiency monitoring system launched Transas estimates that optimal operation of technology could lead to fuel savings of approximately 5%.
Bunker prices jump in European ports NYMEX showing losses of more than $1 in early trading.
Gazpromneft Marine Bunker looking for 10% growth New barge acquired for St. Petersburg operations.
Prices firm across Middle East and Africa Quiet market activity in Suez.
Reefer company reports widening losses Blames high bunker prices and falling freight raters.
Sanctions against Iran hit Fujairah bunker market 'Fujairah's loss and a big gain for Singapore,' says trader.
Bunker prices firming in key Asian ports Demand 'below average', say traders.
US agencies finalise restoration plans of Cosco Busan spill A total of $32.3 million will be spent on a variety of restoration projects, says NOAA.
Norway-based shipowner orders second LNG-powered forage carrier Rolls Royce NVC 401 Forage Carrier powered by Bergen C-Series gas engine.
'Strong performance' in Grindrod's bunker business Company says it is in discussions for the 'potential' sale of 50% of its bunker business.
US bankruptcy court approves Genmar disclosure statement Approval of disclosure statement allows Genmar to solicit approval of reorganisation plan.
Sinopec Zhoushan monthly bunker sales volume down 15% Company sold 187,600 mt of bonded bunkers in February 2012.
Markets in the Americas fluctuate on crude concerns Crude oil prices rose above $110 a barrel for the first time since May.
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