Shale revolution means fears of looming peak oil may be obsolete New sources of supply raise hopes of a curb on oil price rises, but are both good and bad news for tanker owners
Production boom will shape choice of emissions-reduction technology Falling or stable heavy fuel prices could strengthen the case for scrubbers
Lloyd Fonds multi-ship KG will not be the last, predicts KPMG Ocean 16 model offers one way out by pooling cashflow
Lease finance seen filling bank lending shortfall Deals set to increase in wake of Commerzbank, says Moore Stephens' head of corporate finance
Dry bulk spot market faces a washout summer Seasonal lull, low iron ore demand and heavy rainfall limit Chinese coal imports
Carnival faces new US lawsuits Cruise operator faces $590m claim for damages linked to alleged 'defective' design
California sticks to its guns on 24-mile limit for distillates Experts predict new lawsuits after North American ECA comes into force in August
New maritime security service hits the market US-backed firm will not be directly accredited by Sami
Port of Virginia plays for time APMT must wait to see whether rival bids emerge as deadline is extended to August
Pacific box lines seek August rate rises TSA targets increase of $500 per feu as demand hardens
Africa Express Line closes in on Abidjan reefer concession UK operator says ports are key to efficiency drive as ships are forced to slow steam
Europe port state inspections fall by a quarter More individual ships were inspected last year despite overall decline
Two dead and seven missing after bulk carrier sinks in China Vessel carrying 10,000 tonnes of iron ore has yet to be identified
Eagle Bulk marks refinancing deal with change of chief financial officer Katzav replaces ship finance veteran Ginsberg
Struggling shipbuilder P+S secures state aid package European Commission gives temporary approval for $187m rescue, but wants a restructuring plan within six months
Handysize bulker rates in Europe rise above $20,000 per day Fertiliser business booming in the Baltic
Uncle Sam hits the shops US import container volumes increase for 2012, but watch out for Europe's woe
Brazil invests $68m in hope of cruise boom Government boosts northeastern passenger terminals in advance of World Cup and 2016 Olympics
Titan Petrochemicals faces winding-up petition from major investor And Grand China Logistics sues Hong Kong-listed oil logistics firm for breach of contract
Lloyd's List Global Awards 2012 shortlist revealed The shipping industry's most acclaimed, credible and well-supported awards announces this year's finalists
China's June export figures signal weaker peak season Export order purchase managers index warns of tough times ahead
Beachhead Gujarat should be able to decide whether Oriental Nicety, aka Exxon Valdez, is safe to land
Vopak sells minority stake in Durban facility South African black-owned and managed investment firm Reatile takes 30% stake
Top US ports will see steady growth in containerised imports to year-end National Retail Federation predicts 'modest' rise despite 'mixed' economic indicators
Lianyungang Port and CSD form dry bulk joint venture New company will manage dry bulk loading and unloading, storage and wrapping, especially grain
Neptune orders up to four car carriers from Hyundai Mipo Vessels are sisters of previous quartet but offer a smaller environmental footprint
Taiwan Port signs deal to co-operate with Chinese terminals State-owned operator positions itself as an entrepot for Asia-Europe container traffic
Golar Partners sells units to fund FSRU Offering and private placement will pay part of $385m pricetag for NR Satu
Keppel wins Kazakhstan rig order Singapore-listed offshore giant supports drive to unlock Caspian oil and gas reserves
Eagle's financial chief quits ALAN GINSBERG has resigned as financial chief of NASDAQ-listed Eagle Bulk, the company confirmed today
Yard overcapacity seen at 30% BASED on shipping demand and fleet replacements, today's yard overcapacity is estimated at 30%, according to Norwegian shipbroker RS Platou
Golar LNG prices offering NASDAQ-listed Golar LNG Partners today announced the pricing of a follow-on offering to fund an FSRU drop-down from parent Golar LNG Ltd
US box imports edge up CONTAINER imports into the US have been forecast to improve slightly over 2011, despite a sluggish economy
Vehicle imports rise 29% y/y at Piraeus IMPORTS of new vehicles handled at Greece's largest port reportedly rose 29% year on year during the second quarter, the Piraeus Port Authority said
Sanko sheds ships SANKO Steamship has removed 38 ships from its operated fleet since April
VLGC rates hit 2012 high RATES to ship LPG on VLGCs have hit a new 2012 high, averaging $72.625 per tonne on the Baltic LPG Index
Malaysian palm oil stocks at 14-month low MALAYSIA'S palm oil stocks have dived to a 14-month low of just below 1.7M tonnes, caused by slow production and higher exports
Port congestion ticks up CONGESTION is increasing at major iron ore and coal ports, reflecting rising iron ore shipments and weak demand for coal
US rewrites energy trade forecast THE US Energy Information Administration today unveiled major revisions of its outlook for coal and products exports and LNG imports, implying significant implications for shipowners
Charleston Dredging Project Beating Expectations The Army Corps of Engineers expects the deepening of Charleston's harbor to be completed sooner and cost less than it...
Rotterdam Marks Milestone in Maasvlakte 2 Terminal The Port of Rotterdam today closed the final gap in a near seven-mile long seawall, reclaiming almost 5,000 acres of...
NS Train Derails, Sparks Fiery Ethanol Blast A section of a Norfolk Southern Railway train hauling ethanol on Wednesday morning derailed in Columbus, Ohio, sparking a fiery...
Pacific Container Lines Plan Another Rate Hike Having succeeded in raising their freight rates several times since Jan. 1, carriers in the eastbound Pacific will try to...
NY-NJ Container Terminals Hit by Chassis Shortage The Port of New York and New Jersey is facing a shortage of chassis available for use in draying containers...
Virginia Extends Deadline for Terminal Bids The Virginia Department of Transportation said Wednesday it is extending until Aug. 13 the deadline for alternative bids from private...
DHL CEO Discusses Acquisition Plans, Growth Options DHL will look to smaller "bolt-on" acquisitions rather than major takeovers to speed growth in the years ahead, according to...
Global Semiconductor Sales in May Rose 1.4 Percent From April Global semiconductor sales in May rose 1.4 percent from the prior month, giving the struggling air cargo industry, which typically...
Trans-Pacific Spot Rate Declines 2.9 Percent Average spot rates in the eastbound trans-Pacific trade lane fell 2.9 percent this week, dropping for the second week in...
Hapag-Lloyd Sets Congestion Fee at Dammam Port German ocean carrier Hapag-Lloyd will impose a congestion surcharge on all cargo moving to and from the Port of Dammam,...
China's exporters changing tack There is an old Chinese proverb, the literal translation of which reads: See the wind, turn the rudder.In its proper context it has a slightly disparaging meaning; ...
AU wants Africa FTA by 2017
Carriers end Q2 12 on a high Ocean carriers ended Q2 12 feeling much happier than during the previous three months, when record losses were incurred. According to the Shanghai Shipping Exchange's ...
Ships' agents board the pro-weighing campaign The international ship agents and shipbrokers federation, FONASBA, has given its full backing to the World Shipping Council-led lobby to certificate the weight ...
Port Tracker forecasts US volume rise - but GFI suggests a 'pweak' season Import cargo volumes are expected to increase 1.6% in July compared with the same month last year, and modest year-over-year increases are expected through the ...
Obama increases lead over Romney With just four months before the US presidential elections in November, Barack Obama has put some daylight between himself and his Republican rival Mitt Romney, ...
Sokhna's bigger cranes offer new options The Egyptian Red Sea port of Sokhna will soon be able to handle the largest containerships in the world. This follows the recent delivery of two super post-panamax ...
Transnet posts higher results Transnet SC, South Africa's state-owned ports rail freight, logistics and pipelines company, has announced annual revenue for fiscal year 2011/12, which ended March ...
Ship's tanks breached A Chinese cargoship has leaked oil off South Korea after going hard aground.
Plumbe pockets less ACM kingpin Johnny Plumbe has joined fellow London broking bosses in pocketing a smaller pay packet for the past year.
Haisheng forecasts loss China Shipping Haisheng is predicting a loss for the first half of 2012.
Blackrock slims stakes Investment heavyweight Blackrock has cashed in shares in two leading US owners.
Eagle loses lieutenant Eagle Bulk Shipping has ordained a new finance chief following the abrupt resignation of veteran Alan Ginsberg.
Malaysians nab more Malaysia's crackdown on illegal anchoring has continued with the detention of seven more vessels.
Keppel on a roll Keppel Corp has boosted its access to funding after concluding a string of recent deals.
DSME in bond run Daewoo Shipbuilding & Marine Engineering has kicked off a KRW 500bn ($570.45m) bond run.
Polargirl pulled off rocks A Norwegian cruise vessel has been freed from rocks off Svalbard.
Eike set for Petrobras pie Eike Batista's OSX Brasil has been tipped to win its first orders from Petrobras as its compatriot shipbuilders struggle to hit delivery deadlines.
Vopak out of Durban Dutch tank terminals group Vopak is selling out of its Durban operation
Coscol comes a cropper Cosco Shipping (Coscol) has seen its bottom line sink fast in the first half of the year
Clutch catastrophe The crew of a P&O ro-pax has been criticised by UK accident investigators after it crashed into a French berth.
Sanction spur lessens A crackdown on Iranian oil exports will have less of an impact on the VLCC market than experts had hoped, a leading shipbroker says.
Global Offshore adds one Global Offshore Services' Dutch unit has added a new vessel to its fleet a day after the Indian firm sold down its stake in the venture.
"A banal accident" Costa Concordia captain Francesco Schettino has appeared on Italian TV to say sorry for the tragedy in January - up to a point.
Costs hurt FOP Higher costs and lower revenue have trimmed second quarter earnings at Fred Olsen Production.
Smit Lamnalco off to Africa Smit Lamnalco has lined up a lucrative contract to support the mining operations of African Minerals Limited in the West African nation of Sierra Leone.
Navios sells notes New York-listed Greek owner Navios Maritime Holdings and its wholly-owned finance subsidiary Navios Maritime Finance have sold $88m of 8 7/8% first priority ship mortgage notes due in 2017.
Golar Partners selling units Golar LNG Partners LP will offer 5.5 million common units representing limited partner interests in a public offering. Golar Partners expects to grant the underwriters a 30-day option to purchase an additional 825,000 common units.
Ruby to retire British cruise operator Saga Shipping is pensioning off its oldest cruiseship.
Russia moves toward WTO accession Russia has until July 23 to notify the WTO that it has ratified and accepted the terms for its membership. Thirty days after Russia notifies the WTO that it accepts these terms, the country will become the organization's 156th member.
FMC reviews 9 OTI license applications
Transpacific carriers seek August rate hikes Liner companies in the Asia-to-U.S. trade are seeking to raise dry cargo container rates by an average of $500 per 40-foot container (FEU), in addition to recommending increases to refrigerated cargo rates of $1,000 per FEU to the U.S. West Coast.
Lesson 1: Increase supply chain efficiency, don't shut port
Ship brokers back reg on overweight boxes
U.S. Bank buys TransCard's fuel card network The network being bought was developed jointly by TransCard and U.S. Xpress, the nation's second-largest privately owned truckload carrier. U.S. Xpress will become the biggest client of the new system.
Import drop helps U.S. trade deficit The U.S. trade deficit narrowed in May by $1.9 billion to $48.7 billion as exports increased and imports decreased from April, according to the Commerce Department.
Biofuel initiatives attacked as a 'gimmick' But $62 million becomes available for biofuel developers.
Port authority looks for $1 billion in fresh funds Sri Lanka Ports Authority makes 'second request' for Hambantota investors.
Singapore players caught in Malaysian net Malaysia claims tankers were caught in prohibited areas.
New home for UK Chamber Office will feature in organisation's coming rebranding.
Bunker surcharges to fall Maersk to reduce bunker adjustment factor by more than 11% on some routes.
Wärtsilä strikes LNG engine deal with Chinese buyer Low emissions and low cost prove draw for Wärtsilä duel-fuel engines.
Falling bunker prices to help prop up Cosco Shipping's earnings UBS Investment Research forecasts losses in Q2 but expects earnings to improve in the second half of 2012.
IFO prices soften in Asian ports Supplies of bunker fuels fine at key Asian ports on Wednesday.
NYK 'bubble' ships perform less well in sea operations CO2 emissions reduction average 6% during 'actual' sea passages compared to 10% during sea trials.
Shell targets LNG bunker market Shell makes first foray into LNG bunkering eyeing what it says will become a 'sizeable market'.
Philippine oil firm to raise $12 million via note issuance Set to raise funds for debt repayment and expenditures.
Study on fuel efficient liner operations released Proposed algorithm 'able to solve real-case problems'.
CSAV taking WFS and Chevron to court The Chilean ship operator files complaint for damages arising from a case of alleged off-spec bunker supply.
Azerbaijan amends state merchant shipping code Introduces stricter environmental guidelines and safety regulations for vessels visiting its ports.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
