Dockwise seeks suspension of Fairstar Management Enterprise Chamber of the Amsterdam Appellate Court approached
How Lloyd's List inspired a shipping hero Derek Johnson, one of the most renowned figures in UK box shipping, tells young freight forwarders and shipping agents about his life and career
Lines to trim Asia-Europe capacity as demand stumbles Sailings skipped during what should be busiest time of the year
West Africa suezmax spot market runs out of steam Brokers expect charter rates to fall over the coming week
ICS makes fresh call for a halt to Panama Canal toll rises Letter follows in the wake of Asian shipowners urging ACP to enter talks with the shipping industry and shippers
Teekay Offshore raises $45m for shuttle tanker order Private placement accompanies dividend announcement
Thoresen Shipping to add up to 12 vessels to fleet Chief executive of dry bulk operator says half could be newbuildings
Regulation? Yes, but only if it supports the market The International Maritime Organization does a very good job - on its own
Air seeps out of capesize market Rates rally loses ground as charterers gain upper hand
Durban box hub faces long delays Cranes damaged by gale-force winds
Shenzhen sees lacklustre growth in box volumes during first half World's fourth-busiest container port suffers from slowing trade in South China
Owners warned to limit orders of semi-submersible vessels Shipowners with drilling interests to choose between drillships and semi-subs
Re-flagged Russian arms ship sets sail to Syria Alaed is being tracked by Norwegian Navy and escorted by six Russian warships
Ennore box terminal future at risk Indian infrastructure investor Eredene Capital hit by weak rupee and tough bank conditions
Cheniere lands $3.4bn loan for LNG export project US liquefaction pioneer hopes new loan will spur final investment decision
Global Hanseatic files for insolvency Shipmanager was operating vessels financed by KG funds that had to sell ships or went bankrupt
Sanko house of cards could hit owners' cash flow Creditors can expect serious haircuts, legal source claims
Singapore bunker sales slip on fewer vessel arrivals Container throughput down slightly from May
OOCL reports higher volumes and rise in revenues Asia-Europe revenues rise 15% on stronger rates in second quarter
HHI plans $608m bond sales World's largest shipbuilder to replenish working capitals, following move from DSME
Just salaries Pay rises in shipping amid the downturn reflect a shortage of indispensable skills
Asian Shipowners' Forum calls for the Panama Canal Authority to withdraw toll increases Letter to the ACP is region's strongest protest yet
STX Pan Ocean plans $87m bond issue Proceeds to help refinance corporate bonds coming due in July
Sri Lanka Port Authority revises bond plan again State-owned entity seeks to raise $1bn in one go in October
Corsica ferry concession ruling overturned FRANCE'S top administrative court has overturned a decision to invalidate the concession for ferries between Corsica and the mainland
Rickmers ships stay on sales shelf ONLY three of the 18 sub-Panamax box ships that Rickmers have offered for sale since March have sold, brokers told Fairplay
Teekay Offshore sells $45M in shares TEEKAY Offshore, general partner of Teekay Offshore Partners, said today it has sold about 1.7M common shares in a private placement
Russian wheat forecast falls AS RUSSIA pushes down its prediction for this year's wheat harvest, the global median price for the grain has fallen 30% since mid-June
Box charterers depress rates PERIOD hire rates for chartering box ships are continuing south this week as demand for bigger tonnage wanes
Japan's coal-fired power rises again COAL-fired power generation in Japan rose again in June, representing the fifth consecutive month of year-on-year increase, according to Japan's Federation of Electric Power Companies
STX Pan Ocean plans to issue $87M in bonds BULKER operator STX Pan Ocean confirmed to Fairplay today it plans to issue 100Bn won ($87M) in public unsecured bonds in South Korea
'K' Line might charter out two chemical tankers 'K' LINE told Fairplay today its Singapore subsidiary might charter out two chemical tanker newbuildings to major operators
Capesize cargoes dry up CAPESIZE bulker rates have been slipping since midweek as prompt cargoes become increasingly scarce, brokers said today
Supramax rates might be losing momentum SUPRAMAX figures have been firming in the Pacific, but brokers warn that rates have now peaked because of scarce fertilizer cargoes from China
Ezra's profits rocket 249% SINGAPORE-listed offshore player Ezra Holdings said its third-quarter profits have increased by 249% to $22.4M, from $6.4M year on year
A.P. Moller Family Fund Sells Some Stock The fund of the family that controls A.P. Moller-Maersk sold series B shares in the Danish shipping and oil group...
CKYH Suspends Some Asia-Europe Calls The four carrier members of the CKYH alliance announced plans to cut capacity on the routes from Asia to Europe...
Container Volume, Revenue Strengthen at OOCL OOCL reported positive operating results Friday for the second quarter ended June 30, with strong increases in both container volume...
Asia-Europe Spot Container Rates Ease Average spot rates in the Asia-Europe trade lane eased this week following the general rate increase that carriers put into...
Asia-Pacific Airports See Growth in Freight Freight volumes at Asia-Pacific airports grew in May for the second consecutive month, latest figures from Airports Council International show....
China's Trade Volumes Rise, But Growth Slows China's exports outperformed imports in June, but year-over-year growth slowed compared to May. China's exports increased 11.3 percent year-over-year...
MSC Sets Peak-Season Surcharge in Asia-Europe Trade Mediterranean Shipping Co. will impose a peak-season surcharge on westbound trade from Asia to Europe, starting Aug. 1. The...
May International Cargo Volumes Rose at ANA, JAL Japan's All Nippon Airways Co. said its international cargo volume grew for the fourth consecutive month in May on a...
Quijano's Field of Dreams Includes New Terminals By the time the Panama Canal Authority opens its new set of locks in 2015, the 50-mile stretch of canal...
Protectionism Threatens Investment in Argentina When Argentine President Cristina Fernandez de Kirchner expropriated control of the country's largest oil producer, YPF, from its Spanish parent...
US-Asia Trade in Slow-Growth Mode Overall growth in containerized Asian trade has been at a snail's pace, with imports through the U.S. West Coast via...
Commentary: Charting the ILA's Contract Negotiations The ups and downs of this year's International Longshoremen's Association contract negotiations resemble a stock price chart on a volatile...
Maersk pulls the plug on Wallis et Futuna and Vanuatu link Maersk Line has advised that it has with immediate effect closed its service between New Zealand and the South Pacific islands of Wallis and Futuna and Vanuatu ...
Demurrage charge: 'that will do nicely' Using your plastic to pay for shipping charges in the US is now a reality for clients of APL and Maersk Line, eliminating the time and expense of sending a cheque ...
Lew joins Norton Rose Norton Rose, which is one of the world's leading law firms, has strengthened its London-based transport team by recruiting Simon Lew as a shipping partner in its ...
CMA CGM group joins with Maersk/Safmarine on Asia/W Africa loop Maersk Line and Safmarine have revamped their FEW3 service connecting the Far East (mainly China) with West Africa, and the CMA CGM group has joined the operation ...
OOCL carries more cargo at higher rates in Q2 12 Hong Kong-headquartered OOCL has reported a generally good operating performance in Q2 12, with cargo volumes and revenues on most tradelanes up on both the previous ...
CI Awards announces the finalists The trading environment in the container shipping industry remains exceptionally challenging with a firm focus on managing costs and protecting revenue. However, ...
The brakes are on in China China's economy grew at its slowest pace in over three years in the second quarter of 2012, slowing to 7.6%, down from 8.1% in the first three months, ...
CKYH alliance to lay up Asia-Europe vessels in peak season Coscon, K Line, Yang Ming and Hanjin intend to withdraw vessel capacity from Asia to Europe between the end of July and middle of August at the same time as some ...
Dockwise get tough Dockwise is taking legal action to remove the management of takeover target Fairstar Heavy Transport.
TKO bags tanker cash Teekay Offshore has harvested $45m from a private placement which will help fund a series of new shuttle tankers.
TMT torches VLCC Nobo Su's Today Makes Tomorrow (TMT) has sold a VLCC for scrap in Pakistan.
India opens the gate India is now allowing ships for recycling to enter its waters and undergo formalities for recycling, according to a leading cash buyer.
Jaya wins two Jaya Holdings has secured contracts to build a pair of offshore support vessels for an unnamed buyer.
Summer fun for OSVs Offshore owners can look forward to an improving environment over the summer, according to Credit Suisse.
Ampal selling Gadot stake Ampal-American Israel Corp is in talks to offload some of its majority holding in Israeli chemical tanker owner Gadot.
Five for Shreyas India's Shreyas Shipping & Logistics has bought a second-hand boxship as it grows its fleet.
Sanko master medevaced The captain of the arrested bulker Sanko Mineral has been evacuated after falling ill in the US.
Moody's negative on TK Moody's Investors Service has turned negative on tanker giant Teekay Corp amid concerns about its acquisition activities.
Ezra on a high Ezra Holdings' subsea drive has lifted earnings for the second quarter in a row.
Everlasting ships? We take a look at what was said in the market over the last week.
Ban hits Indian scrapping Newly-arrived vessels at the world's largest ship scrapping location, Alang in India, are now being affected by a Supreme Court ruling banning the import of hazardous waste, say sources.
Ocean 16 panned TradeWinds digests the digits making the headlines this week.
Second Titan tanker held A second tanker operated by Singapore's Titan Ocean has been detained in Malaysia over illegal anchoring.
Box Ships' new fundraiser Box Ships intends to go ahead with a public offering after all though the company has settled on the sale of new common stock as its preferred fundraiser.
Latvian fights on Latvian Shipping Company will continue to pursue a fraud case against Aivars Lembergs despite a UK judge ruling a trial could not go ahead.
OOCL volumes rise Hong Kong container line OOCL has improved cargo volumes in the second quarter as revenue increased.
Ugland orders double LT Ugland Shipping has returned to Tsuneishi Shipbuilding for another pair of supramax bulkers.
NITC sanctioned The United States Treasury Department has announced that it is adding Iran's NITC to its list of officially sanctioned companies.
Titan's survival battle Saturn Petrochemical Holdings, a special purpose entity of US private equity firm Warburg Pincus LLC is seeking to have troubled oil trader and tanker owner Titan Petrochemicals wound up.
Ezra gets busy Ezra Holdings of Singapore has clinched new vessel charter contracts and construction deals that will bring in revenue to the tune of $164 million.
Braemar bags big box boss Braemar Shipping has pulled off a coup with the appointment of a top container broker to head its London boxship operation.
OOCL gains momentum in 2Q The liner carrier OOCL said Friday its first half container volumes rose 6.1 percent over the same period in 2011, to nearly 2.6 million TEUs. Revenue in that period rose 5 percent to $2.9 billion.
Freight forwarders feeling the squeeze
Maersk consolidates Mideast-East Africa The carrier has consolidated its Middle East-to-East Africa services by terminating its Dar Express service while simultaneously extending its Masiika Express loop to include a call at Dar es Salaam, Tanzania.
Intermarine adds Paita, Peru call Industrial Destiny, an 8,000-deadweight-ton vessel, will sail for Paita on July 20. Other regular port calls on the service include Esmeraldas and Guayaquil in Ecuador, Peru's Callao, and Puerto Angamos, Chile.
Scholnick, head of pallet association, dies Bruce N. Scholnick, who led the National Wooden Pallet and Container Association (NWPCA) as its president and chief executive officer for 12 years, defended industry on state and federal regulatory matters.
Global bunker prices record stable week Global ports recorded sharp declines to kick off week before recovering in latter half.
Bunker prices in the Americas end week higher Demand was fair today, says supplier in US Gulf.
Lithuanian port investigating LNG bunkering possibilites Maritime Department head forecasts LNG bunkering demand in region after 2015.
ICS praises governance of international shipping Secretary General explained that shipping is 'not a patchwork of national rules which would bring about chaos, inefficiency and have a negative impact on the smooth flow of world trade'.
Association: Sulphur directive to increase shipping costs by 40% Irish exporters not opposed to cutting sulphur emissions but says time frame is 'completely unreasonable'.
October start date for Hambantota bunker operations 'We got the license. We are in the process of buying test products,' says Sri Lanka Ports Authority.
Market firms in Rotterdam and Hamburg 'Strong demand' in Hamburg.
IFO prices firm in Fujairah 'Very weak demand' in Middle East hub.
Rotterdam LNG bunker terminal: 'Ready by end of 2014' Deal being finalised to make land available.
Brightoil tanker heading to Singapore 'It is equipped with an onboard blending facility which will allow the vessel to mix different cargo grades while at sea,' says company.
Second Titan tanker arrested Malaysian authorities allege it was anchored in 'undesignated waters'.
Asian bunker markets firming Supplies of bunker fuels fine at key Asian ports on Friday.
Owner of Davy Crockett pleads guilty to bunker spill Owner could face prison for failure to report spill.
Singapore bunker sales down from record high Sales decline amid a drop in vessel arrivals and 'bunkers-only' calls at the port in June.
IRISL bunker tankers added to US sanctions list Bunker tankers owned by Iranian state shipping firm Islamic Republic of Iran Shipping Lines.
Singapore-listed group in $23 million bunker tanker deals ES Group set to transfer ownership of its two bunker tankers to Singapore charterer.
Firms partner to develop LNG as marine fuel in Australia LNG bunker fuel could lower operating costs, says Wartsila.
Titan to 'vigorously' defend itself against law suit Titan received a summons by the Shanghai Intermediate Court in case pursued by Grand China Logistics.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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