It's all in the balance Tough times ahead for owners as ultra-large tonnage makes up half the boxship orderbook
OSG share price slips after Standard & Poor's downgrade NYSE-listed company not the only one to suffer on an abysmal morning for the tanker industry
Hapag-Lloyd's long history of takeovers and mergers Company's roots go back to 1847
Kühne launches fresh plea for merging Hapag-Lloyd and Hamburg Süd Logistics tycoon revives his idea of forming a German national carrier to compete more powerfully with the top-tier box lines
Eneco receives first spot cargo LNG shipping seeks to shed 'floating pipeline' role
Wind project is a sandwich tern short of a picnic Threat to seabirds scuppers planned turbine farm off Norfolk coast
Norway stoppage is worrying for UK's energy security Tankers and LNG carriers will be happy to take up the slack if pipeline volumes fall
Downturn fails to stem rise in average shipping salaries But pay for many seafarers and shore staff has been cut
Larger boxships command highest time charter rates MSC takes Isle Wulff for 'decent' $31,500 a day
Lines to blank Asia-Europe sailings Capacity reduced at what should be busiest time of the year
Campaigners object to Elbe River dredging project German high court to pass judgement within a month
Box hubs do battle for transhipment as new terminals enter the market Feeder and shortsea traffic saw 'landslide shifts' in share during 2009 year of crisis
Misuga Kaiun sells sole capesize Baosteel Education was chartered out to MOL
Geden delays Universal Maritime move until autumn Private equity an option for tanker firm spin-off, Tokgoz confirms
Supramax brokers say spot charter rates will decline in Atlantic Seasonal lull means South-Atlantic market has 'peaked'
Getting heavy Shippers must recognise that mandatory weighing of export containers saves lives
Venezuelan crude oil imports into Jamnagar see longhaul tanker boost Country accounts for over 40% of tonne-mile demand generated by shipments to Reliance Industries' Indian refinery
Expanding Asian refineries muscle out older western rivals Eastward shift boosts prospects for longhaul product tanker trades
Hamburg terminal operator fears northern European price war Competition among ports will remain very intense, says HHLA management board member
ICS welcomes new Paris MoU inspection regime Other port state control authorities must embrace the European approach
Sanko Steamship secures preliminary Chapter 15 injunction New York court order extends to timechartered ships
Extra costs from maritime emission trading schemes to play a 'minor role' IMO grapples with ways to reduce global CO2 emissions
Nick Hubbard to head up Braemar container desk Former Howe Robinson director appointed to key role
Ship agents support container weighing Fonasba backs global campaign that would require all box weights to be verified prior to shipment
Marine pilotage inquiry seeks industry submissions MPA opposes new bill to allow junior officers to navigate ports without pilots
DNB reveals low shipping writedowns But Norwegian bank stresses preference for blue chips
An inspector calls Paris Memorandum of Understanding delivers promising first-year results
DSME issues $434m bond sales South Korean shipbuilding giant denies that move is linked to Peninsula Star VLCC order
New dispatch hall for Port of LA Thousands of port workers to benefit from $15m investment
MHI and Imabari Shipbuilding sign deck machinery pact Move comes as shipbuilder targets non-core business
Charleston hails chop in depth timetable FOUR YEARS and $5M will be shaved off plans to deepen Charleston's port to 15.2m (50ft) if project streamlining succeeds
US drought to hit exports EXTREME heat and drought conditions have prompted the US Department of Agriculture to cut forecasts for maize and soybean exports
First drop in 19 years seen for Korean yards YARDS in South Korea were reported today to be headed for their first drop in yearly overseas shipments in nearly two decades
Iran's fuel oil exports also cut nearly in half EXPORTS of fuel oil from Iran were nearly cut in half from May to June, Reuters reported today
A2Sea bags turbine deal DANISH jack-up vessel operator and marine engineering group A2Sea today revealed a major contract for Irish Sea turbine installation
IEA more upbeat than OPEC THE IEA today released a moderately more optimistic outlook for 2013 oil demand than the forecast by OPEC yesterday
Salvage begins in China's deadly sinking A SALVAGE operation began today at the scene of yesterday's Chinese bulker sinking, even though searchers continue to look for victims, the Zhenjiang Maritime Safety Administration said
COSCOL pledges dividend despite free fall COSCOL today told the Shanghai Stock Exchange it just managed to stay in the black over this year's first half
Mass-flow bunkering begun MAJOR oil company ExxonMobil has started using a mass-flow metre for bunkering
Fearnleys shuts Singapore crude desk NORWAY'S ship brokerage Fearnleys has stopped fixing crude tankers at its Singapore office, opting instead to centralise those activities at its Oslo headquarters
HHLA wants a 33% Altenwerder capacity rise HAMBURG's HHLA plans to lift annual handling capacity at its semi-automated Altenwerder box terminal by another 33% in coming years
Chinese iron fixtures hit 3-month high CAPESIZE rates are rebounding, with Chinese iron ore fixtures surging to a three-month high, US drybulk consultancy Commodore Research said
Bulker demolitions stay firm DESPITE lower scrap prices, bulker demolitions are continuing at a firm pace
CSA 'Oppressive, Punitive,' Trucker Tells Congress A House hearing Wednesday on the federal CSA trucking safety initiative morphed into a debate over electronic onboard recorders, the...
Manufacturing Index Shows Growth Slowed in Second Quarter A key manufacturing index suggests U.S. manufacturing growth in the second quarter slowed, the latest sign that the major economic...
German Regulators Approve Stena Freight Ferry Deal German competition regulators approved the acquisition by Sweden's Stena Line of five Baltic Sea freight routes from German rival Scandlines,...
St. Lawrence Seaway Volume Ticks Up 1.3 Percent Strong iron ore and coal shipments for the steel and construction industries were key in driving traffic on the St....
Report: Northwest Export Coal Boom Could Raise Intermodal Rates Bold plans to boost coal export to Asia through Northwest ports will likely slow intermodal and grain shipments, resulting in...
DHL Express Opens North Asia Hub DHL Express opened its largest hub in Asia today (July 12), the latest step in the logistics major's massive roll-out...
Russia's Globaltrans Aims to Raise $450 Million in Share Sale Russian private rail freight operator Globaltrans is aiming to raise around $450 million from a share sale to fund potential...
APL to Raise India-US Freight Rates Singapore-based container carrier APL will seek a general rate increase on trades from India to the U.S., starting Aug. 5....
USDA Releases Container Availability Report The U.S. Department of Agriculture on Wednesday released the first Ocean Shipping Container Availability Report designed to alert exporters about...
Hapag-Lloyd warns of Japanese reefer problems Hapag-Lloyd is urging importers and exporters of reefer cargo through the ports of Osaka and Kobe in Japan to be extra vigilant and to adjust their existing cold ...
TSA members to ask for more Despite the recent decline in eastbound transpacific spot rates, and mixed economic data on the health of the US economy, the 15 box line members of the Transpacific ...
Durban's future port will break new ground The new port at Durban will be largely funded by the private sector and will be offered under a 20-30 year concession according to Transnet group ceo Brain Molefe. ...
OSCAR should help US 'agri' shippers US exporters of agricultural products to Asia should benefit from the joint initiative of the US Department of Agriculture (USDA) and the Westbound Transpacific ...
South Korea cuts interest rates to boost exports China is not the only economy that is seeing a backlash from the eurozone crisis; the South Korean central bank today unexpectedly cut its key interest rate to ...
More German efficiency from HHLA HHLA's highly automated Container Terminal Altenwerder (CTA) plans to introduce a working practice that will significantly reduce the time required to load and ...
Open Ocean aims to keep pirates at bay Yesterday saw the launch of a new service that aims to provide all of the necessary intelligence and advice needed to keep shipowners'/operators' fleets secure, ...
Dammam still congested There are signs that congestion in the port of Dammam, Saudi Arabia, is getting worse with Hapag-Lloyd among carriers imposing new surcharges. Effective from July ...
Lembergs escapes UK trial The English courts do not have jurisdiction over Latvian businessman politician Aivars Lembergs accused of involvement in a massive shipping fraud.
Clarksons loses a knight Royally connected shipbroker Sir Carron Greig has died at the age of 87.
How risky is Mombasa? Can fear of a pirate attack justify a shipowner refusing a charterers order to send a ship to a port even if it is not on the list of excluded high risk areas declared by war risks insurers.
Viking seals cruise deal Viking Ocean Cruises' boss Torstein Hagen has finalised an order for two 47,000-gt cruiseships at Italy's Fincantieri and may return with further contracts.
Cruise captains coin it A shortage of skills means that salaries in shipping continue to rise despite various high-profile companies facing serious difficulties, a new report says.
Bottiglieri agrees plea bargain The Italian owner of a bulk carrier accused by the US authorities of the illegal dumping of oily waste has agreed a plea bargain that will cost $1.3m.
Latvian holds cash pile Riga tanker owner Latvian Shipping is halting its 2011 dividend to cover previous losses.
HHI joins bond blitz Hyundai Heavy Industries is following compatriot Daewoo Shipbuilding & Marine Engineering into the bond market.
Nelly nearing IPO Indonesian tug owner Pelayaran Nelly Dwi Putri is plotting a domestic IPO.
DNB losses "low" Norwegian lender DNB has revealed its second-quarter shipping losses were "low."
S&P slices OSG again Standard & Poor's has sliced Overseas Shipholding Group's credit rating for the second time this year.
EOC still red EOC's bottom line continues to be weighed down by one of its two FPSOs lying idle.
Alaed under way again The controversial Russian cargoship Alaed, linked to a Syrian arms cargo, has left the port of Murmansk.
Fairstar plans fundraiser Fairstar is plotting a $335m private placement to cut debt and help pay for a newbuilding.
P+S rescue cleared The European Union (EU) has okayed a German state loan guarantee worth EUR 152.4m ($186.8m) for cash-strapped shipbuilding P+S Werften.
Two killed in sinking Two people have been killed and seven more are missing after their cargoship capsized in the Yangtze river in China.
Cruise CEO quits Celebrity Cruises boss Dan Hanrahan has handed in his notice.
Clyde & Co in Libyan move International trade and transport law firm Clyde & Co is opening a new office in the Libyan capital of Tripoli.
Wartsila gasses up tugs Wartsila is to supply duel-fuel engines to two environmentally sustainable offshore tugs being built for state-owned China National Offshore Oil Corp. (CNOOC) subsidiary CNOOC Energy Technology & Services Limited (CETS).
Atwood wins work US offshore drilling contractor Atwood Oceanics has secured lucrative contracts for two off its offshore drilling rigs.
Stena Line gets green light German competition authority Bundeskartellamt has approved a deal in which Stena Line will buy five Baltic ferry routes and two ships from Scandlines Deutschland GmbH
Virginia gives more time for alternative port bids
New USDA report details container availability The report will detail the availability of 20-, 40-, and 40-foot high cube "dry" containers at 18 locations around the country, as well as 20- and 40-foot refrigerated containers for both the current week and project availability for the next two weeks.
Commentary: Saving your wallet from the cloud
PMA wants to standardize produce EDI
Corps delivers good news on Charleston deepening Agency officials reiterated the project's feasibility study is now projected to be finalized in less than four years instead of five to eight years, which would allow work to be completed by the end of the decade.
CMA CGM joins Maersk in new Asia/Africa loop The French line will provide two of 10 vessels on the service, with Maersk providing the other eight on a loop that will essentially replace Maersk's existing FEW3 service. The vessels will be in the range of 4,000- to 4,500-TEUs.
Railroad industry targets veterans for job openings The U.S. railroad industry will hire more than 5,000 military veterans this year, the Association of American Railroads announced Tuesday, furthering a White House effort to help discharged soldiers, sailors and airmen find jobs in the private sector.
Rolls-Royce unveils energy efficient OSV design New design expected to decrease fuel use by as much as 40% in comparison to similar sized vessels.
Middle East market reports small price gains Small but steady growth in LS IFO demand in Fujairah.
Tight avails in Rotterdam Prices show little movement in European markets.
Sharp fall in fuel oil exports from Iran Cargo volumes down by almost 50%.
Gunvor moves ahead with plans for Belgium refinery Credit facility will be used to buy crude oil and feedstock.
Fuel oil stocks falling in Singapore Inventories decline by 12% in week ending July 11.
Player to start fuel oil trading in Singapore: Reports Freepoint Commodities has hired Shee See Kue from J.P. Morgan Chase.
Asian bunker markets generally firm Supplies of bunker fuels fine at major ports in Asia on Thursday.
Titan faces winding-up threat Investor Warburg Pincus seeks to recoup about $50 million through the liquidation of the Hong Kong-listed firm.
Singapore sees first bunker delivery using mass flow meter Bunker delivery by mass flow meter-equipped tanker 'significant milestone' for the local bunkering industry, says MPA.
'Too much' at stake for box shipping lines in 2012 Transpacific box shipping lines to implement further rate increase in efforts to restore revenues.
Sinopec Zhoushan expands bunkering operations to Huizhou Bunker supplies will be delivered by tankers from nearby Guangzhou.
Supplier resolving issues with 'off-spec' product Bunker supplies at Hong Kong remain 'relatively unaffected', says local trader.
Cargoship runs aground, leaks bunkers About 2,000 litres of bunkers have leaked after the Long Shan hit rocks on Korea's Jeju island, according to the coast guard.
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