Just say no to newbuildings Overcapacity means the industry needs no new capesize tonnage, at any price
Canada unveils container hub port plan to challenge Panama Canal Nova Scotia's Sydney a potential east coast mirror of Prince Rupert
Falling product tanker asset values make scrapping look attractive for 15-year-old ships LR tanker 13 years old is worth only $5m more than scrap
Secondhand capesize prices crash to record low Average five-year-old cape is worth barely a fifth of value during the boom
General Maritime survives thanks to careful planning US tanker player emerges from Chapter 11 protection within six months
Life after bankruptcy Sanko, Korea Line and General Maritime show how shipping lines handle receivership
Sanko Steamship lodges second bankruptcy Japanese carrier enters receivership again
Golar LNG sister company builds up long-term contracts Sale of regas vessel keeps it in the Fredriksen family
Iyo Wind arrest in Texas brings new hitch to Sanko bankruptcy Does US Chapter 15 protection apply to chartered ships?
Handysize bulker sale indicates value closing in on same level as capesizes Bangladeshi buyer picks up 16-year-old, 46,664 dwt vessel for $10.6m
What old boys' club? Jeremy Penn explains why the Baltic Exchange is a thoroughly modern market organisation
VLGC spot market picks up after a dozen fixtures Iran cargoes carry a premium but it is unclear whether sanctions apply to LPG
Use of slow steaming kit spreading across industry Maersk Line is talking to owners about installing turbocharger cut-outs on the ships it charters, Wärtsilä reports an upturn of interest in the kits and MAN Diesel has sold 200
Shipowners reluctant to take European Investment Bank loans European Investment Bank still looking for shipowners needing loans to invest in new fleet-wide efficiency solutions
Lloyd Fonds closes in on rescue bid for KG funds Ocean 16 will agree terms with a German bank, says Teichert
Boxship demolition on the rise Braemar forecasting 200,000 teu to be scrapped in 2012
Sanko holds creditors meeting in London Company likely to push restructuring plans
Labour row brings Europe oil and gas giant to the brink of total stoppage Norway shutdown hits LNG carriers and offshore vessels and threatens global supply
Pacific Basin and Boluda team up to launch Australian tug business Firms lodge joint bid for contracts at Australian LNG terminals
A wake-up call The controversy over seafarer fatigue gets a test case
Qingdao port operator borrows yuan via offshore facility QQCT gets $345m loan on advice from PBOC
Iranian aframax dons disguise to shuttle crude from Kharg Neptune among the latest tankers in the country's fleet to change identity and flag
Keep calm and carry on loading Libya's new democracy should calm itself and let the oil flow
Clearer channels needed for piracy reporting in West Africa Inaccurate reports fuel rumours
Xiamen Port funds highway to Gulei Joint investment with CCCC bucks slowdown in China BOT projects
South Africa urged to consider state shipping bank Move would assist local owners in securing finance
Coscol shipments rise 23.5% in January-June Cosco unit supported by stronger performances of general cargoship and heavylift divisions
Oil terminals reopen in eastern Libya Exports resume at Ras Lanuf, Brega and El-Sider after pre-election protest shutdown
HHI promotes Kim to president Kim Oi-Hyun and Lee Jai-Seong to share duties leading the world's largest shipbuilder
Freight forward unit sold GLOBAL transport, logistics and freight forwarding company Norbert Dentressangle said it plans to buy the Colombo-listed freight forwarding unit of John Keells Holdings in Sri Lanka and India
Buyers grabbing Supramaxes and Handysizes SOFTER prices are leading to Supramax and Handysize bulkers to the secondhand market, with yard resales accounting for some of the interest
Distressed KG ships to be bundled up HAMBURG KG issuing house Lloyd Fonds reportedly plans to consolidate 16 distressed container one-ship KG funds into a joint-asset holding company
Mind the bomb, Dover A SAFETY warning is in place today for ships in and around Dover's port the after a dredger scooped up a suspected Second World War bomb
Indian companies tap cash INDIA'S shipping companies have returned to the international market to raise foreign debt
Aframax gains seen in Japan fuel oil rises JAPAN'S imports of fuel oil and heavy/sweet crude for oil-fired power plants have surged since its quake crisis, raising demand for Aframaxes
Davie Yards for sale again in Canada DAVIE Yards is being offered for sale again in Canada
Transiidikeskus, Muuga, olumes rise 27% ESTONIA'S only specialist box and frozen-goods terminal operator, Transiidikeskus, said the volume of container goods handled in the first half of the year rose 27% to 116,057teu
Yangzijiang lent $150M SINGAPORE-listed Chinese shipbuilder Yangzijiang has obtained two loan facilities totaling $150M from China Development Bank
Keppel buys 20% of KrisEnergy SINGAPORE'S Keppel said today it has acquired a 20% stake in upstream oil and gas company KrisEnergy for $115M
MR charters stay strong OPERATORS are continuing to fix MR product tankers for 1-3 years, as rates remain flat in the Atlantic
JSA: scrap Panama rises THE JSA has assailed the proposed Panama toll rise, saying it "imposes an unduly excessive burden on canal users"
Vintage VLCCs converted to storage BROKERS told Fairplay today VLCCs built in the 1990s are increasingly likely to be sold for storage
Diesel Prices Rise for First Time in Three Months Diesel prices in the U.S. rose for the first time in three months, climbing 3.5 cents in the week ending...
EGT's Design and Efficiency Touted at Opening Ceremonies Agricultural exports, such as grain shipments moving through the new EGT terminal in Longview, Wash., are leading the economic recovery,...
SC Ports Authority Plans Inland Port, Rail Terminal in Greer The South Carolina State Ports Authority plans to develop an inland port in Greer, S.C, together with Norfolk Southern to...
Market Share, Revenue Gain Forecast for Trucking Total U.S. freight tonnage will grow 21 percent by 2023, as freight revenue rises 59 percent, the American Trucking Associations...
Developer Sought for Nova Scotia Container Hub Cape Breton is looking for a terminal operator to build a container terminal on a greenfield tract of land in...
Brazil's 'Turtle Strike' Continues to Slow Ports Brazilian Customs officials continued the slowdown in inspections at most Brazilian ports on Monday, leaving long queues of ships waiting...
Air Menzies Begins Online Express Import Rates Service Air Menzies International is now offering all-inclusive online express import rates and bookings in the U.S. from global destinations. ...
Kerry Logistics Plans Further Expansion in Thailand Kerry Logistics plans to expand its presence in Thailand further. The company, which recent expanded its automotive facilities at...
GACAG Slams National Approach to Air Cargo Security The Global Air Cargo Advisory Group has warned regulators that national, ad hoc and impractical approaches to advance electronic information...
Box Ships Pulls Public Offering Box Ships Inc. withdrew a public offering of 700,000 units that was part of the NYSE-listed Greek shipowner's approach to...
Nehru Port Dockworkers Call Off Strike Unionized dockworkers called off a threatened strike at the APM Terminals facility in India's Port of Nhava Sheva (Jawaharlal Nehru)....
Etihad Crystal Cargo Posts Record Traffic Etihad Crystal Cargo's traffic soared 21 percent in the first half of 2012 from a year ago to a record...
Oakland Wins Port Security Grants The Port of Oakland is scheduled to receive more than $3.5 million in federal port security grant funding for three...
Plans for Nova Scotia deep water terminal move forward Plans for a container terminal in Sydney Harbour on the east coast Canadian island of Nova Scotia have been boosted after Cape Breton Regional Municipality (CBRM) ...
Ports and terminals shortlisted for CI-Awards 2012 Ports and terminal operating companies have enjoyed far better financial performances than many other sectors in the global container industry, with the leading ...
JSA wants Panana Canal toll rises terminated The Japanese Shipowners' Association has called on the Panama Canal Authority (ACP) to scrap its planned toll increases, claiming that any rise 'imposes an unduly ...
Mujica drives Uruguayan port project Uruguayan president Jose Mujica [pictured] is determined that the country should have a deepsea port that is capable of handling post-panamax ships. In addition ...
Man overboard saved after 8h in Atlantic
Armed guards help defeat Somali pirates The increased adoption of armed security guards on merchant ships transiting the pirate-infested Gulf of Aden shipping corridor has resulted in a significant drop ...
MSC turns to Gioia Tauro Contship Italia managed Medcenter Container Terminal (MCT) in Gioia Tauro successfully handled three of MSC's ULCVs at the same time on July 5, underlining why ...
IMF: global growth shrinking That was the message from the International Monetary Fund's [IMF] Christine Lagarde to business leaders in Tokyo last week. She said that the global growth outlook ...
End in sight for Brazilian customs strike? Reports from Brazil suggest that the customs officer wage dispute is nearing an end with stakeholders predicting that the three-week strike could be over as early ...
Synergy cited by USCG A handymax bulker controlled by Synergy Marine of Singapore has landed in detention for the second time in less than four months.
Universal plots next chapter Universal Maritime will continue to pursue the acquisition of tankers from its Turkish parent despite the high profile failure of an IPO in Oslo, according to finance chief Rich Lemanski.
Atlantic boosts ERRV tally Atlantic Offshore has notched up yet another emergency response and rescue vessel (ERRV) contract.
Samsa presses for funds
Sanko PSV pair sold Bankrupt Sanko has sold two platform supply vessel newbuildings, brokers say.
Elderly ship fetches $385m A newly converted floating storage and regasification ship that was originally delivered in 1977 is changing ownership for a massive $385m.
Bean barge sinks A barge filled with soya beans has sunk off the Philippines following a clash with a Costamare boxship.
Petronas tug robbed A knife-wielding gang has robbed a Petronas Carigali tug off the coast of Malaysia, reports claim.
Coastal wins 12 ships Malaysia's Coastal Contracts is celebrating a series of orders for 12 offshore vessels.
Ship scrap chaos hits India The world's largest ship scrapping site in Alang is said to be in turmoil after the country's Supreme Court blocked the import for recycling of vessels containing toxic waste.
Skov seals Nordic pact Mikael Skov's Tankers Inc has taken over the management and administration of Danish owner Nordic Shipholding.
Royal reward
Keppel to see windfall Keppel Corp has been tipped to take the burgeoning wind sector by storm.
Ro-ro in spill mishap
Worker dies in blast
Bank notes bulk hope Jefferies has handed beleaguered bulker owners a ray of hope suggesting the seeds of a market recovery are being sewn.
Bank notes bulk hope Slowing supply growth and potential China stimuli offer hope for recovery, Jefferies says.
DFDS chops route
Damaged ship halted
Box Ships cans offering Box Ships has shelved plans for a public offering to fund its latest acquisitions.
Pac Basin sites LNG pie Hong Kong-listed owner teams with Boluda to chase Australian terminal contracts.
Crewman missing off Italy
ACM ups China ante ACM Shipping has again boosted its sale and purchase roster after hiring George Eliades from Intermodal.
MOL captain fined The captain of an MOL chemical tanker has been fined for illegally entering New Zealand's waters and cleaning out tanks.
Jiangsu's order drought New orders have plummeted by more than half in China's most prolific shipbuilding region.
Teekay pays out Teekay Corporation shareholders will be in the money as the company pays out dividends later this month.
BlueWater Reporting: G6 lines lag behind Asia-Europe rivals in capacity
Nova Scotia port starts marketing campaign for container terminal The Cape Breton Regional Municipality, which bought 500 acres from Laurentian Energy Corp., has launched a marketing campaign to promote a new deep-water container port in Sydney, Nova Scotia.
New MSC loop links Jacksonville to network Starting July 17, the liner carrier will operate a new U.S. East Coast-to-Central America service from Jacksonville, Fla., and Savannah, Ga., via its offshore hub in Freeport (Bahamas).
COSCO plans TP rate hike
MSC/CMA CGM adds calls on Asia-Europe loops
Arcline to meet Canada's eManifest
Maersk slows second Asia-East Africa loop The ocean carrier has added a new port call at Singapore, and an additional vessel to its weekly Mashariki Express service.
Obama signs transportation bill The bill streamlines more than 100 federal programs, attempts to speed up project delivery, adds performance outcomes to the criteria for project funding and addresses freight infrastructure.
Mitsubishi completes marine diesel engine testing facility Testing machine will be used for verification of various technologies to comply with NOx emission regulations.
Market softens in Fujairah South African prices lack direction.
WFS orders ship arrest Ship arrest for unpaid bunkers attempted with bankruptcy protection in place.
Sharp falls in European bunker markets 'Stand-off between sellers and buyers' in Rotterdam.
2015 sulphur deadline 'catastrophic' for industry European shipowners add their collective voice to the disquiet over 2015 deadline.
ConocoPhillips rebrands marine fuel arm Phillips 66 Ltd new name for marine fuels operation in the UK.
Former Shell man starts trading firm Industry veteran says oil glut offers opportunities.
Asian and European firms collaborate on fuel efficient ships Proposed design will be inside energy efficiency targets.
Week starts with bunker prices down at major Asian ports Supplies of bunker fuels fine at key Asian ports on Monday.
Bunker tanker owner cancels shipbuilding contracts Yujin requesting a refund of all monies paid to the unidentified shipyard.
Change in cabotage law opens door to bunkering opportunities Amendments to cabotage law will allow foreign ships to transport cargo between Indian ports, says Chief Minister of Kerala.
Equilibrium The concept of equilibrium relates to the composition of residual marine fuel commonly used in the shipping industry.
Brightoil extends maturity date of $120 million notes Extension necessary in order to 'reduce the immediate risk' of events that may affect its share prices, it says.
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