China Eastern postpones Sendai service launch China Eastern has postponed the launch of its new service between Shanghai Pudong and Sendai (Japan) which was planned to start today (18 October 2012). Like other Chinese and Japa...
Seko Logistics in UK welcomes Gary Morter to board of directors Gary Morter has joined Seko Logistics UK's board as executive director. At earlier stages in his career Morter held senior management positions with P&O Containers, P&O Ned...
Schmitz Cargobull appoints new head of sales Central Europe The German trailer manufacturer Schmitz Cargobull has appointed Jens Zeller as the new head of sales for Central Europe. Zeller will thus support and coordinate the activities of t...
Med Cross Lines with new Koper-Libya service Med Cross Lines, an Italian shipping company based in Venice, will start operating a new regular liner service between the port of Koper (Slovenia) to Libya on 22 October 2012. The...
Cargolux and Chep Aerospace Solutions extend partnership until 2017 Luxembourg-based Cargolux, one of Europe's largest all-cargo airlines, and Chep Aerospace Solutions, one of the world's leading independent providers of outsourced unit load device...
Norfolk Southern: faster sand deliveries thanks to upgraded terminal The US rail service provider Norfolk Southern has reported that the unloading of its trains hauling sand will soon be five times faster thanks to a USD 20 million upgrade at the Ho...
Hitachi Europe launches European Rail Research Centre in UK Hitachi Europe has launched a European Rail Research Centre in London (UK). The newly established European Rail Research Centre will focus on a broad range of areas, including roll...
Denmark's Contino Group equips fleet with telematics The Danish Contino Group is equipping more than 300 trucks with TX Max onboard computers built by the German telematics firm Transics. The equipment will be integrated into the for...
Anderson Trucking purchases Canadian Wylon Transport Anderson Trucking Service (ATS), based in St Cloud MN (USA), has purchased the Canadian company Waylon Transport in Edmonton. Waylon was founded in 1982 as an intra-provincial carr...
Project cargo network appoints new representative in Australia Project Professionals Group (PPG), a project forwarding network, has appointed Townley Group International Ltd as its new member for Australia. Townley Group already represents PPG...
Light at the end of a dirty tunnel For all the gloomy forecasts, there is hope on the horizon for crude tankers
India energy giant opens its door to foreign LNG Drop in production from domestic gasfield will see imports rise, says Reliance Industries
Thermal coal will save the dry bulk market, says BIMCO China and India expected to step up imports to meet rising power-generation needs
Is private equity an answer to funding woes or a wolf in sheep's clothing? If the answer is both, shipowners must learn to recognise the difference
Angola LNG gives owners cause for cheer The world's newest exporter may need chartered-in tonnage to meet Asian demand
OSG consolidates its crude fleet in Athens Move from UK is a cost-cutting measure that will generate economies of scale
Cross-Mediterranean clean tanker trade goes 'ballistic' Urgent charter drives rates up 20 points overnight
Bonny Island hijack signals worrying rise in kidnap and ransom Seven foreign nationals kidnapped while nine Nigerians remained on Bourbon Liberty 249
Meyer Werft wins $917m cruiseship order from NCL US major secures German export funding as New York IPO remains dormant
Evergreen will wait for market recovery before boosting capacity Hsieh says Taiwan liner operator will renew rather than expand its fleet
Is bid to save OSG a 'transfusion' for a patient too far gone to save? Tanker firm's condition too critical to justify resuscitating it, say critics
Study casts fresh doubt on prospects for US LNG export projects Delayed approval for start-ups could tip shortage of specialist tonnage into surplus
Coustas warns eco-ship orders may lose money Containership owner says retrofitting an existing ship is better business
Flag states will follow Panama's lead to vet armed guards nationally Deadline extended for private maritime security firms after take-up of just 10
An industry on trial Several factors prevented more lives being lost on Costa Concordia
Eastern promise Lloyd's List's Middle East and Indian subcontinent awards hail fresh thinking
Analysis: Hard-pressed OSG bets its ranch on hopes for a tanker upturn But Fredriksen or other rivals may pounce on low-priced opportunity, warn experts
Hanjin and Evergreen follow Maersk's lead to announce cuts in sailings Companies strip 23% of capacity from joint Asia-Europe service
CMA CGM could open IPO window from July 2014 Exclusive: Carrier's largest investor, Robert Yildirim, may exit once the offering goes live
Yildirim puts shipping investment on hold Exclusive interview: Investor eyes ports but finds shipping less attractive than mining and commodities
Bahri posts increase in third-quarter profit Dry bulk growth, slow steaming and stronger general cargo business support Saudi carrier
Hanjin, Evergreen trim Asia/Europe capacity HANJIN Shipping and Evergreen Line are reducing capacity on their joint China/Europe service for 4Q, as the seasonal drop in demand has started
ITF: crew in limbo out of pocket $90,000 SEAFARERS on a product tanker detained at Colombo are owed at least $90,000 in unpaid wages, the ITF told Fairplay today
OSV demand surge seen WINDFARM schemes planned up to 2020 will create demand for at least 300 offshore supply vessels in Europe alone, GL predicted today
Morocco adjourns trial of Comanav Six A COURT in Morocco has adjourned until 14 November during the trial of Comanav's former chairman, who remains charged with sabotage
Goose-egg nears for drybulk fleet growth GROWTH of the global drybulk fleet is likely to fall from double-digits this year to a virtually nil within two years, a shipping analyst warned today
Singapore dangles LNG bunkering carrot SINGAPORE might offer LNG bunkering by late 2014, the city-state's Maritime & Port Authority
BIMCO sees key to box sector's recovery BOX SHIPPING'S growth will slow significantly in the next few years, which means recovery of demand is the key to the sector's future, according to BIMCO
Alang's breakers return after striking BREAKERS returned to work today at Alang in Gujarat after a six-day strike
Just 1.2% growth seen in product tankers PRODUCT tanker fundamentals are looking good in contrast with the oversupplied market for dirty tankers, BIMCO said today
Box ship deliveries seen breaking teu record SHIPYARDS will be breaking a 2008 record on total teu delivered in 2013, a broker's study said today
VLGC rates keep sinking VLGC RATES have dropped below the $50 per tonne for the first time since March, as vessel supply continues to outstrip demand
BAHRI profits jump by 157% BAHRI of Saudi Arabia said today its third-quarter net profits shot up by 157.3% year on year
Offshore remains finance focus "IF IT SMELLS of offshore, you will get the money," Dagfinn Lunde, DVB Bank's shipping chief, has assured Marine Money Athens
Empty containers clog Venezuela's ports VENEZUELA'S strict empty container regulation is exacerbating already severe port congestion, SeaFreight president Roland Malins-Smith told the Caribbean Shipping Association conference
Searchers seek second mariner SEARCHERS are looking today in the Gulf of Mexico for a missing seafarer - just a day after another GoM rescue operation was called off for another mariner
Hanjin, Evergreen Slash Capacity on China-Europe Service Container carrier Hanjin Shipping and maritime transportation company Evergreen Line are reducing capacity on the weekly China-Europe service from October to December because of a seasonal drop in trade demand. The joint rotation is referred to as "China-U.K. Express" by Hanjin and "China-Europe-Mediterranean" by Evergreen. Among 13 voyages scheduled in the fourth...
Evergreen Line Presents New Ship Evergreen Line introduced the Ever Leading at its maiden voyage event in Felixstowe, England, on Oct. 17. The ship is owned by Evergreen Marine, the U.K. brand under Evergreen Line, and is the third L-type container ship on the U.K. Shipping Registry. It is about 1,096 feet in length and 150...
Record Container Ship Deliveries Expected in 2013 Next year will see a record number of container ship deliveries, which will boost the global fleet by 9.5 percent. Braemar's latest Quarterly Container Ship Fleet Statistics forecasts vessels totaling 1.7 million 20-foot-equivalent units of capacity will join the fleet next year, 13 percent more than the record 1.5 million TEUs...
Asia-Europe Rate War Unlikely, NOL Chief Says SHENZHEN, China - NOL Group President and CEO Ng Yat Chung doesn't expect a rate war on the Asia-Europe trade lane, largely because carrier alliances are removing capacity and carriers realize "increased competition in a shrinking market isn't a recipe for prosperity." The deep container shipping market downturn is more than just a...
CMA CGM secures cash injection as it eyes IPO The French ocean carrier CMA CGM has confirmed that it has entered into a Memorandum of Agreement [MoA] with sovereign wealth fund Fonds Strategique d'Investissement ...
COSCON and CSCL to team up on domestic and possibly international routes China's two biggest shipping lines, COSCON and China Shipping Container Lines [CSCL], are to join forces to operate a domestic service suggesting it could be the ...
Evergreen celebrates new UK-flagged boxship, but denies chasing market share UK parliamentary under-secretary of state for transport [DTI]Stephen Hammond said that he was 'delighted' to see the relationship between Evergreen and ...
Bimco's latest report does not ease box worries BIMCO's latest report on the boxship market pours further gloom on the sector, with the global shipping association declaring that a market balance in the sector ...
Antwerp box traffic holding up The Port of Antwerp has published its throughput figures for the first nine months of the year, and it is so far so good for its container traffic with TEU processed ...
Daily Maersk, still daily for now In Maersk Line's dramatic announcement last week that it was to cull its AE5 Asia - Med service and suspend the Asia - north Europe AE9 string until early December, ...
And the winner is..... Not long to wait now: just after lunchtime today in the west end of London, 300 senior executives - the great and the good of the container shipping industry - ...
ADM seals alliance Archer Daniels Midland and Wilmar International have secured regulatory approval to cement alliances focused on freight, fertilizer and edible oils.
BLT beef reignites One of Berlian Laju Tanker's most outspoken creditors has accused the beleaguered Indonesia operator of attempting to dodge a $39m claim related to a charter dispute that was thought to be settled back in June.
Bocimar in the black Bocimar is well-positioned to cash in on the recent revival of rates tied to capesize bulkers, the Belgian operator's parent told investors Thursday.
SEC sues Yorkville The US Securities and Exchange Commission (SEC) has filed a lawsuit against a Jersey City hedge fund manager and two of its top executives.
Five dead off Korea Five seafarers died after the coastguard vessel that rescued them from a sinking Malaysian cargoship capsized off the coast of South Korea.
Arctic cold on cape values Capesize values may slide to the lowest point in more than a decade given the weak market, Arctic Securities says.
Grandweld signs up two more Grandweld Shipyards of Dubai has added two more crewboats to its orderbook.
Table for two? Uncertainty surrounding Overseas Shipholding Group's finances have inspired countless rumours but one is particularly sensational, market insiders said Thursday.
LNG rates at 2012 low Period rates for LNG carriers have dipped to the lowest level seen this year, Dahlman Rose says.
Double for Afai Southern China's Shenzhen Pengxing has ordered two high-speed ferries at Afai Southern Shipyard.
RABT adds Baltic run Rederi AB TransAtlantic has expanded its Baltic operations with the addition of a new Poland to UK run.
Not the season to be jolly Timid demand in China and negative developments in the global economy will stand in the way of a seasonal upswing in the dry-cargo market in the final quarter of 2012, Pacific Basin Shipping warns.
Keppel down in Q2 Keppel Corp has seen its third quarter net earnings slide by 15% due to stiff competition for work in the offshore and marine business.
Pac B back on the horse Pacific Basin Shipping has dipped into its huge war chest to purchase its first vessel in almost a year.
More wind work Australia's Austal has won a contract to build three wind farm support ships.
NOL sees the light Neptune Orient Lines may be back on the road to profitability but it could be some time before there is any significant change in its fortunes, its CEO has said.
Alang back to work Workers at shipbreaking yards in Alang will pick up their tools again this afternoon, ending strike action.
Euroferries charters newbuild Cross-Channel operator Euroferries has signed a four-year charter deal for a ferry built on spec by Austal in Australia.
Braemar crunches box numbers Record newbuilding arrivals will expand global containership fleet by one tenth in 2013.
Geden crewman missing The US Coast Guard has launched a search for a crewman missing from a Geden Lines suezmax in the Gulf of Mexico.
"Can I have another go?" A Russian master has been jailed in the UK for twice crashing his ship while more than four times over the drink-drive limit.
Triyards makes debut Triyards has made an assured debut on the Singapore stock exchange.
'Hand of god' steered Divine intervention rather than the actions of Captain Francesco Schettino prevented greater tragedy after the Costa Concordia grounded, an Italian court has heard.
Lerbinger leaves HSH HSH Nordbank CEO Paul Lerbinger is leaving the shipping lender at the end of this month.
Su ponders VLOC swaps Ever-inventive shipowner Nobu Su is pondering switching four giant ore carriers on order at Hyundai Heavy Industries into LNG newbuildings.
EOC wins upgrade gig EOC has won a $15m contract to upgrade a floating, production, storage and offloading (FPSO) unit working off Vietnam.
CNPC plots VLCC order China National Petroleum Corporation (CNPC) is plotting a new VLCC order with PDVSA of Venezuela.
US yard worker killed A DonJon shipyard worker has died after becoming trapped in machinery in the US.
Sterno refloated A Fiducia Rederi mini-bulker has been pulled free after grounding off Sweden.
Coscol cash cut Cosco Shipping Co (Coscol) has suffered a 73% drop in net earnings in the third quarter.
Saudi deal for MEO Miclyn Express Offshore has secured contracts for three crew/utility vessels from oil company Saudi Aramco.
Kapoor joins Drewry Rahul Kapoor is jumping ship from RS Platou Markets to join Drewry's new research initiative in Singapore.
KS Maritime buys bulkers KS Maritime has emerged as the buyer of two handymax bulkers sold by Jakarta-based Noah Shipping Solutions.
NCL books cruise double Norwegian Cruise Lines (NCL) has ordered a new cruise ship at Germany's Meyer Werft in a deal worth EUR700m ($917m).
European forwarder index still paints bleak picture
China's Lenovo to build PCs in NC The new PC assembly line is currently under construction and slated to open early next year, the company said. It will reside within Lenovo's recently expanded 240,000-square foot distribution center in Whitsett, N.C.
Following the wind When wind energy company Iberdrola Renewable completes construction of a North American wind farm, Red Arrow Logistics comes up behind to pick up unused supplies and materials and transports them to the next build site.
Evergreen/Hanjin to skip some Asia-Europe sailings The two liner carriers said they're considering further capacity reduction on the joint service depending on market demand and supply situation. More details are to be announced when finalized.
Americold offers truck capacity finder
WSC names Viccars Brussels rep
CN, Tundra to build terminal to move Bakken crude The terminal will initially load 30,000 barrels of crude oil per day into railcars - the equivalent of more than 50 tank cars worth - starting in the second quarter of 2013. It will have the potential to handle unit trains of 100 tank cars.
Confusion about US ECA requirements Shipping executive tells conference that owners have been forced to buy marine diesel to comply.
Prices fall for second day in Fujairah Prices keep moving downwards across Middle Eastern and African ports.
Prices lack direction in Rotterdam Weak demand seems to be driving bunker prices downwards.
Order an eco ship and you'll be 'disappointed', says shipowner Danaos CEO is concerned that owners are getting little more than a strong sales pitch.
Slow steaming boosts Bahri's profits Q3 earnings of Saudi shipping company more than double year-on-year.
Liners face uphill task to re-balance rates Sharp contrast between trans-Pacific and Europe-bound trading lanes.
2013 'biggest year ever' for containership deliveries Increases in fleet this year 'actively countered' by demolition, says Braemar Seascope's container analyst.
IFO prices largely dip at major ports Supplies of marine fuels were fine at key Asian ports on Thursday.
Evergreen to receive sixth L-type containership 8,452 TEU capacity vessel to be delivered to firm on October 22.
Fuel oil stocks declining Increased demand from Vietnam and Philippines leaves Singapore stocks at two-week low.
Turkish supplier terminates trader's contract The trader had been in her position for two years.
Yard outlines cost implications of building LNG-fuelled tugs LNG-fuelled tugs could cost 40% more to build than conventional tugs, says Keppel spokesman.
DNV: 2020 a key year for shipping One out of 10 newbuilds in 2020 will 'certainly' be running on LNG, says President.
Singapore targets LNG bunkering operations by 2014 Port authority finalising licensing requirements for LNG bunker suppliers and craft operators.
Containership industry urged to change its focus Current industry model based on growth 'not sustainable', says NOL Chairman.
'E-dispute resolution' concept mooted for bunker industry Bunkering disputes envisaged to be resolved within three to eight weeks, says Singapore arbitrator.
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