The storm continues for small ships Casualties mount in the coastal tramp and shortsea sectors as rates reach unsustainable levels
Petrobras tanker charters poised to break record Brazil's thirst for fuel boosts state-run company's tanker chartering
Nordic praises Orion Tanker pool as suezmax fleet profits Suezmaxes secure access to cargoes they might otherwise have missed
US crude oil imports edge towards 15-year low Asia grows in stature as demand from traditional leading market stagnates
North Europe's small recycling yards ride growth in demand for scrap Regional owners send shortsea tonnage sailing off into the sunset
Clausius Marine files for insolvency Hamburg insurance broker was respected as an industry insider
A tale of blood and oil Greek crude imports highlight country's deepening economic woes
Teekay Offshore weighs up FPSO sale offer from parent Expansion on track, says Evensen
Comment: Raise the Red Ensign Despite this week's two bankruptcies, UK shipping is not yet on its knees
Port of London hit by fall in crude oil volumes Closure of Coryton oil refinery "a big blow", admits PLA chief executive
Teekay LNG eyes further expansion Strong result stems from joint venture acquisitions of Maersk gas carriers
Small Greek owners bear the brunt of business failures Petrofin flags new losses for niche players after 44 Greek firms shut down last year
Commerzbank forecasts rise in risk provision Bank consults its customers as it prepares to exit ship finance
Sub-capesize bulker rates could lose $1,000 a day from failed grain crops Drought in US and Black Sea region will see exports decrease and employment decline
Mission not accomplished A seasonal drop in pirate attacks does not mean that shipping can drop its guard
Teekay Tankers pledges to find right revenue balance Bruce Chan-led subsidiary embarks on managing expanded tanker fleet
Teekay loss less than forecast Parent company gears up for post-tanker era
Cutbacks return Lloyd Fonds to half-year profit Results released as VGF data shows sales of shipping funds grind to a halt
UK shipping loses two leading players Exclusive: Meridian Marine Management wound down as Stephenson Clarke is liquidated
Too old to die? As Stephenson Clarke calls in the liquidators after 280 years, it is a sad sign of the times
India's electricity shutdown highlights growth in gasoil demand Powercuts boost demand for generators in positive move for oil imports
ABG takes on PSAI after landing India terminal concession Business partners jostle for position in key emerging market
China Shipping Group separates dry bulk fleet One of China's top two owners streamlines business
Fresh blitz on cargo safety Ports team up with box lines in proactive approach to prevent accidents
Somali pirate attacks halted in July Monsoon season puts hijackings on hold but 191 seafarers remain captive
Kenya serves its harshest sentence yet for piracy Twenty-year term more in line with the Seychelles jurisdiction
Southernpec challenges Zhenrong plan to buy StorageCo Chinese state giants outline rival plans for oil storage terminals
Eitzen Chemical hoping for financial salvation Steering committee of bank lenders agree in principle to restructuring package
German owners exposed by Clausius insolvency GERMAN shipowners and KG funds could be facing painful losses because of non-performance of their hull and machinery cover, following a major marine insurance broker's plunge into insolvency
OPEC warns on 2013 CITING considerable economic uncertainty ahead, OPEC today warned that its 2013 forecast for oil demand growth could face a 20% downward revision
Studying double-hulls - two decades later MARAD has proposed studying the green and economic effects of the IMO's double-hull tanker requirement - nearly two decades after the regime was imposed
Pirate attacks hit 5-year nadir NO PIRACY incidents have been reported off Somalia in the past month, the first time this has happened in five years, the IMB said
Eitzen Chemical hails restructuring plan EITZEN Chemical, the Oslo-listed chemical carrier group, said today it has agreed in principle with its lenders on restructuring
Croatia's Tankerska Plovidba reverses losses CROATIA'S bulker and tanker owner Tankerska Plovidba has reported a dramatic reversal in the first half of 2012, from last year's H1 results
Greek Shipowner Euroseas Reports Loss Greek container ship and bulk carrier owner Euroseas fell $1.4 million into the red in the second quarter as charter...
Celadon Trucking Acquires USA Dry Van Assets Celadon Trucking is purchasing a portion of the assets of USA Dry Van of McAllen, Texas, reinforcing its driver pool...
Miami Gets Green Light to Expand FTZs The U.S. Department of Commerce has accepted the application by the Port of Miami for a Foreign Trade Zone license,...
Lufthansa Cargo Volume Down 10.5 Percent in July Lufthansa Cargo carried 10.5 percent less freight in July than a year ago as it continued to slash capacity to...
Marad to Study Impact of Double Hulls The Maritime Administration is seeking a contractor to study the safety, economic and environmental impact of double hulls required on...
US Trade Deficit Narrowed in June Record exports and declining oil prices narrowed the U.S. trade deficit in June to its lowest level since 2010. ...
USPS Pleads for Reform After $5.2 Billion Loss The U.S. Postal Service warned Thursday that its loss of $5.2 billion in the third fiscal quarter, a 68 percent...
Owner Wants MSC Flaminia Towed to Port The owner of the fire-damaged container ship MSC Flaminia has complained about European nations' refusal to allow the fire-damaged ship...
India Proposes Easing of Cabotage Law India is planning to relax its cabotage law to allow foreign-owned and operated ships to carry cargo between the country's...
Vessel Schedule Reliability Reaches Record High Container ships arrived on schedule three-fourths of the time in the second quarter, setting a record for reliability, according to...
Chinese Production Growth Hits Three-Year Low Pressure intensified on the China to unleash stronger stimulus actions after industrial production growth in July fell to three-year low,...
UK's Oldest Shipowner Liquidated The UK's oldest shipowner, Stephenson Clarke Shipping, has gone into liquidation after more than 280 years in business. The...
India Container Traffic Flat, Total Cargo Slips Container throughput at major ports in India remained almost flat year-over-year from April through July, the first four months of...
ISS appoints Martinoia as GM in Brazil Inchcape Shipping Services (ISS), one of the world's leading providers of maritime services has announced that Capt Mariano Martinoia will serve as its new general ...
Chiquita will use more third party carriers Charlotte (NC)-based Chiquita Brands, which is a leader producer and shipper of fruit (mainly bananas) and salad produce is to further restructure its supply chain ...
Fargo rolls out latest CYMAN Leading UK software provider, Fargo Systems is set to launch its latest version of its container yard terminal management software, CYMAN, which has been enhanced ...
Containers for sport The use of shipping containers for non-cargo carrying activities is clear for all to see. In London's Olympic Park they are centre stage in that they have been ...
JAXPORT welcomes Evergreen The US, Florida port of JAXPORT has boosted its container business after its TraPac container terminal welcomed the first call by Taiwan ocean carrier Evergreen ...
Business confidence in South Africa slumps The South Africa Chamber of Commerce and Industry (SACCI) has revealed that its July business confidence index (BCI) fell sharply in July, declining by four percentage ...
Boxship idle fleet set to grow According to the latest data from Lloyd's List Intelligence [LLI] inactive containerships fell to 241 for 303,321TEU as at August 8 with the largest ship idled ...
Rental utilisation levels to remain robust At least that is what Philip Brewer, president and chief executive of the world's largest lessor of maritime containers is projecting. Announcing a firm set of ...
Somali pirates on the back foot Figures released from the International Maritime Bureau [IMO] show that no ship has been fired on, or boarding attempted, in the usually pirate-infested waters ...
Ton Mile's 'tempest' Siren from Spring City, Texas causes traffic jam at popular freight trading blog.
Hercules splashes cash Hercules Offshore has topped off its stake in Luxemburg-based rig operator Discovery Offshore.
GLF puts pen to paper GulfMark Offshore has firmed up an order to build a pair of platform-supply vessels (PSVs) at BAE Systems in the US.
Sophocles sees trough Eagle Bulk Shipping is waiting for charter rates to double before it redeploys tonnage on long term charters, according Sophocles Zoullas.
TOO closes in on FPSO Teekay Offshore Partners appears to be closing in on a deal to purchase a floating production, storage and offloading unit from Teekay Corp.
TGP wins bumper deal Teekay LNG has secured a bigger payday for one of its LNG tankers.
Teekay LNG eyes more Teekay LNG Partners is still in the hunt for new opportunities in the LNG business after feeling the full force of its recent expansion in the sector.
Teekay Tankers a tad short Teekay Tankers slipped to a small loss in the second quarter as earnings from its aframaxes fell away.
Teekay tops the Street Teekay Corp has turned in a smaller than expected second quarter loss at a time when it has been cutting its direct exposure to the weak tanker market.
Grain drain for dry bulk Unfavorable weather in the Black Sea is set to hurt grain shipments and further damage the dry-cargo market, RS Platou Markets says.
GE rebounds India's Great Eastern Shipping has posted improved second quarter earnings thanks to its booming offshore segment.
First cut is the deepest German finance house Lloyd Fonds says taking a knife to overheads is behind the Hamburg-based company posting a profit for the first half of 2012.
Costs to hurt Modec A rising repair bill has led Japanese FPSO specialist Modec to slice its half-year profit forecast.
Subsea 7 piles it up Subsea 7 has well over tripled its second quarter income following the sale of its stake in a joint venture.
NOL splits opinion NOL's second quarter report has divided opinion in the market.
UK's oldest owner sinks Tough times in the dry bulk market have led to the demise after 282 years of Stephenson Clarke, the UK's oldest shipowner.
Hope for Eitzen Chem Eitzen Chemical has penned a preliminary pact which promises to keep the lights on at the Oslo-listed owner for the next couple of years.
ESEA dips to red Euroseas is eyeing opportunities to add to its fleet in the next 12 months despite the "depressed" state of the market which saw it dip into the red in the second quarter.
EGLE comes up short Eagle Bulk Shipping of the US failed to shed the red in the second-quarter with results that fell short of Wall Street estimates.
INTTRA and CargoSphere partner on shipping network, rates Alliance with NVO-focused CargoSphere is based on integrating ocean schedule and rate information and continues INTTRA's path towards partnership with software vendors in the ocean supply chain sphere
PeopleNet launches iPad fleet management app
Correction: Grand and New World slow Asia-Med EUM
Report: U.S. loses market share in China despite export growth
Thermo King deploys temperature control trailer platform
Amazon will expand with as many as 18 new DCs Web commerce giant signals intent to adjust to changing logistics dynamics with significant expansion of U.S. fulfillment facilities, as it continues on growth path following strong second quarter revenue
Ocean schedule reliablity on the up in Q2
Pennsylvania highlights benefits of deeper shipping channel Federal, state, and local politicians highlight benefits for Philadelphia of dredging Delaware River, with a proposed terminal expansion contingent on taking the channel depth from 40 to 45 feet
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