Strong owners benefit from falling boxship newbuilding prices Yards willing to offer special terms to favoured clients
Norwegian oil industry dispute hits aframax spot market One cargo reported lost and now North Europe faces terminal maintenance worries
CSA demands Chinese cargo owners stay out of shipping Industry group says cargo owners should follow official guideline and resist building own fleets
June's 10% fall in Chinese iron ore imports is poised to dip lower Customs data show a loss in cargo demand last month equivalent to about one capesize discharge per day
Q&A: Willis head of marine in Asia Darren Rowland Insurance must not be used to police sanctions
Drydocks World creditors back next step in $2.2bn debt restructuring Ship repair and conversions outfit can now move towards closing joint venture agreement with Pacific Carriers
German competition authorities agree Scandlines route sell-off Stena Line plans to buy five Baltic freight-based links
Indian cover to carry Iranian oil is insufficient, say shipowners Industry concerned about liability under $50m limit but has few other options
Solvency II poised to take effect from 2014 But time is running out to agree Omnibus 2 proposals ahead of confirmed deadline
Ex-Safmarine boss takes helm at HHL Tomas Dyrbye to become chief executive of Hamburg heavylift and project cargo specialist on August 1
Deadline looms for Virginia port bids APM Terminals is sole confirmed suitor for Hampton Roads but others are mooted
Sanko Steamship sheds tonnage and plans early redelivery Japanese shipowner presents reorganisation plan after filing for receivership
Pirate attacks peak in West Africa Unpredictable patterns of theft and hijacking expand the area of risk, says Bergen
China's choice Shipowners are just one concern for a government managing a slowdown
Phoenix Petroleum snaps up Chelsea Shipping for $36m Philippines deal delivers Phoenix a fleet of 10 product tankers
NYK sends two young capesizes to the scrapyard 'Clearest sign yet' of trend to recycle to reduce exposure to bearish market
Battle lines drawn as Sanko faces crucial Chapter 15 hearing Are timechartered ships visiting the US fair game for unpaid creditors?
International ports body launches forum for finance professionals IAPH sets up committee to serve as a resource for exchanging views on common challenges and best practices
Ecsa asks Brussels to keep tramp shipping guidelines But European shipowners' group supports end of guidelines for liner trades
It's good to talk Brussels' maritime industry guidelines debate generates measured response
Indian Supreme Court ruling roils shipbreakers and cash buyers Pollution Control Board in Gujarat holding clearance of vessels until appeal is heard on July 19
Tanjung Pelepas announces $470m expansion Planned upgrade follows record monthly throughput for June
Tuvalu warned over Iran reflaggings US congressman tells South Pacific nation it may fall foul of sanctions
Wilhelmsen Ships Service restructures Asia management Move positions the firm for expansion in region's major port cities
GM, Peugeot combine shipping volumes VEHICLE carriers, box lines and port service providers will be facing a powerful new automotive customer, according to a venture announcement today in Paris
Oslo ends oil strike NORWAY'S government has stepped in to halt the country's long oil strike, causing production to resume today at key oil and gas fields, IHS Global Insight reported today
Multipurpose market rates scraping bottom CHARTER and freight rates in the multipurpose carrier segment remain under extreme pressure, with timecharter equivalent earnings still down in some sectors
Taiwan Navigation plans to diversify bulkers TAIWAN Navigation reportedly plans to increase its drybulk fleet from 15 to 25 vessels, exploiting current low newbuilding prices
Drifting ship to be towed A TUG is expected tomorrow to begin towing a drifting log-carrying ship to safety in India, maritime sources told Fairplay today
Man dies after fall from ferry's top deck A PASSENGER has been killed after falling from the top deck of Compagnie Tunisienne de Navigation's ferry Tanit
European mini-bulker rates are lagging A RUSH in shortsea cargo fixing in the North Sea in recent weeks was not enough to ease the plight of minibulker and coaster vessel owners in European trades
China's crude imports fall to 2012 low CHINA imported just 21.7M tonnes of crude in June, or 5.28M barrels per day
Breaking prices bottom out YOUNG Capesizes were sold for demolition last week, as breaking prices have finally bottomed after falling for nearly two months
Older feeders lure buyers SEVERAL decade-old feeders have been sold to Asian buyers, illustrating the high interest in such ships for intra-Asia trade
Panamax rates still firming A PROLONGED South American grain season is firming Panamax bulker rates, with prompt ships increasingly scarce, brokers said today
Searchers seek four missing mariners RESCUERS are today searching for four seafarers missing from a cargo ship that sank off the coast of Indonesia
India approves P&I for Iranian oil cargoes DELHI has decided to offer sovereign insurance cover to Indian groups whose ships carry Iranian crude
Low LPG price galvanises VLGC market AS SAUDI Aramco's LPG contract price crashed to a two-year low last week, Asian traders are wasting no time exploiting the situation
Box ship chartering slows CHARTER rates for box ships, especially the sub-Panamax category, are continuing to drop as the summer lull kicks in
ILWU Protests Use of Non-Union Labor in Oregon International Longshore and Warehouse Union members this week are picketing a barge facility in southern Oregon to protest a lumber...
Oscar Abello, Former 'K' Line America CEO, Dies Oscar J. Abello, the former president, CEO and chairman of "K" Line America, died on Sunday, July 8, in Pembroke...
Retailers Optimistic Imports Will Increase This Fall Retailers continue to plan for increased imports this fall despite discouraging news recently regarding consumer confidence, employment numbers and retail...
RILA to ILA, USMX: Settle Contract Before Sept. 30 The association representing the largest U.S. retail companies urged the International Longshoremen's Association and United States Maritime Alliance to reach...
Lufthansa Cargo Sees Drop in Volume and Revenue Germany's Lufthansa Cargo carried 4.6 percent less freight in June than a year ago as it slashed capacity in line...
Vietnam's Cai Mep Losing Carrier Appeal, Alphaliner Says Vietnam's ambitious Cai Mep container port is losing its appeal to ocean carriers, according to Alphaliner, as lower-than-expected cargo volumes...
Report: Japanese Container Trade Will Rise 3.2 Percent in Fiscal 2012 Japan's containerized cargo trade will rise 3.2 percent year-over-year in fiscal 2012, which started on April 1, to 12.865 million...
Judge Rules Against Dismissal of Savannah River Dredging Suit The fate of the long-planned Savannah Harbor Expansion Project remains undecided after a federal judge ruled against the dismissal of...
Maersk Sets Rate Hikes on Asia Services Maersk Line plans to implement a new round of general rate increases in its Asia services that would take effect...
Nicaragua 'transoceanic' canal moves a step nearer Nicaragua's dream to build a canal across the American isthmus and offer ocean carriers, importers, exporters, traders, etc an alternative to the Panama Canal has ...
NYK to double sales from logistics NYK intends to double sales from logistics operations according to a recent report in Bloomberg. NYK president Yasumi Kudo is reported to have said that ...
St Petersburg's customs procedures improved It is much easier to move traffic between St Petersburg's container terminals and the port's off-dock terminal in Yanino due to a change in customs procedures. ...
South Africa and Chile to forge closer trade relationships At the latest Joint Consultative Mechanism (JCM) meeting held between South Africa and Chile last week, the two governments have vowed to co-operate closer on trade, ...
Planned Nova Scotia hub: a challenge to ECNA ports A new deep-water container port planned for Nova Scotia - on the east coast of Canada - could pose a threat to the business models of other North American terminals: ...
Iran military again threaten to close the Strait The sabre rattling between Iran and the European Union (EU) and the US has stepped up a notch again with Iran's chairman of the military's Joint Chiefs of Staff ...
CMIT calls for assistance for Vietnam's ports Officials from APM T's Cai Mep International Terminal [CMIT] in Vietnam took the opportunity during a recent site visit by a delegation led by the State President, ...
US steps up its 'car war' with China America has complained to the World Trade Organization [WTO] about China's 'unfair' tariff on US-manufactured cars which at the luxury car level adds 21.5% of import ...
Production crisis averted Statoil is getting ready to reactivate oil and gas installations stalled by a tense dispute with unions over worker pensions.
Farstad lands RAF job A Farstad vessel has been given the somber task of retrieving a Royal Air Force Tornado that crashed in Scotland last week.
Hong Kong holds its nose Hong Kong port state control inspectors have detained two vessels for dumping sewage into the sea.
Paragon pair nets less Paragon Shipping has locked in short-term period deals for two of its bulkers at reduced rates.
Navios lifts charter rates Greece's Navios Maritime Acquisition Corporation has extended charter deals for two chemical tankers at slightly better rates.
Keppel wins rig job Keppel Corp has bagged yet another order for one of its KFELS B Class jack up rigs
Timaru left in lurch
Cape rally cooling Concerns the capesize mini-rally has run its course continue to grow.
Stena RoRo pursues $36m Sweden's Stena RoRo has won the right to an appeals hearing in its battle to claim compensation for two cancelled ro-paxes in Russia.
NYK rescues fishermen An NYK-owned LPG carrier rescued four Chinese fishermen after their fishing trawler sank in the South China Sea.
Drumming up a billion
Bakri back for more Bakri Navigation has added its second tanker in under a month, brokers believe.
GOS sells down India's Global Offshore Services has sold almost a third of its Dutch unit for a shade under $14m.
Swire crewman killed A Swire seafarer has died after a propeller accident on a supply ship off Angola.
NYK bins cape pair NYK has followed the lead of compatriot MOL and scrapped a couple of capesize bulkers, it is claimed.
Bulk's pending dry run Arctic Securities has dimmed its view of the dry-cargo marker amid fears a rebound is still some way off.
Suezmax in yacht clash A pleasure boat has been damaged in a collision with a Minerva Marine suezmax off Greece.
Phoenix buys 10 tankers Phoenix Petroleum of the Philippines is buying the 10-ship tanker fleet of Chelsea Shipping Corp.
Ambiente cancels German cruise operator scraps winter cruise program citing overcapacity concerns.
Tanjung Pelapas bulks up Malaysian port to splash out on capacity expansion as box throughput hits record numbers.
Costamare plans payout New York-listed boxship owner is planning to pay its shareholders a dividend in August.
Maersk accepts credit cards for demurrage The liner carrier said it will begin accepting credit cards as a form of payment to cover demurrage charges to help customers expedite the release of their cargo in U.S. locations.
Dyrbye named CEO of Hansa Heavy Lift
Zim service to call Halifax
Panalpina starts new Japan/Singapore LCL services
Chemlogix appoints Challman VP NA operations
Rickmers-Linie's new managing director
TCG taps Neimer for sales VP
SC to fast track inland port development
Europe's shifting pharmaceutical supply chain More European pharmaceutical companies are turning to third-party logistics companies (3PLs) as a cost-cutting measure, according to a new report by healthcare specialists GBI Research. But concerns remain about effects on industry.
USDA's Cotton Board seeks members
VA legislators to hold port privatization offer hearing Virginia State Senate Majority Leader Thomas K. Norment said a working group of state legislators advising Gov. Bob McDonnell will hold a public hearing on possible privatization of the Virginia Port Authority facilities on July 17.
Washington Notebook: LaHood marks TIGER grant during Oakland trip
Bureau Veritas aims to ease ship certification
Telecom pays $1 million for false TAA claims ADC Telecommunications resolves allegations that it submitted false claims to federal agencies when it sold equipment manufactured in countries prohibited by the Trade Agreements Act.
Prices showed mixed movement in Fujairah Unsettled outlook on prices in Middle East and Africa.
Rotterdam prices firm but margins squeezed European-wide growth in prices but not much good news in the way of margins.
WFS releases ship but asserts right of arrest Tense stand off between Sanko and bunker supplier continues over unpaid bills.
SEAaT and UK Chamber move closer Shipowners and emissions abatement outfit formalise relationship.
Tanker cover agreed for Iranian oil India ready to provide vessel insurance for oil shipments.
Asian ports see prices weaken Supplies of bunker fuels 'fine' across major Asian ports on Tuesday.
Malaysia's 'bunker island' developer faces winding-up threat Winding-up petition by ZAQ Construction made after it won a judgement-in-default against Asia Petroleum Hub.
Supplier offers 380 cSt material in Dakar Total Marine Fuels says maritime traffic in West Africa is growing.
Vopak, Gasunie plan for Rotterdam LNG terminal New terminal next to Rotterdam's Gate Terminal will enable LNG to be transferred to bunker stations via tank trucks.
Cruise line signs service agreement for fuel saving engines Wartsila to maintain common-rail engines for seven vessels of Princess Cruise Lines.
Fuel efficient AHTS delivered to offshore operator Bourbon Liberty 200 series vessels use a diesel-electric propulsion system, reducing fuel consumption and emissions.
Chimbusco teams receive Chinese quality control awards Chimbusco Shenzhen awarded for fuel reduction project.
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