Bocimar profit falls 64% in second quarter Handysize earnings below reported average for global fleet
Diana Containerships to raise around $50m on stock market to buy new ships Stock falls 14% on announcement
Iran offers cover to any foreign shipping line Move has been questioned by experts but could be attractive to top importers
Firefighters continue to battle MSC Flaminia blaze Ship manager uncertain if second explosion will hamper salvage plans
Supramax market enters freefall Rates on some routes coming off by nearly $1,000 per day
Fairstar confirms $110m shipbuilding contract We will meet with the yard shortly, says Dockwise
US distillate exports hit record volumes South American and European demand boosts product tanker trade from US Gulf
Call for UN guards intensifies as Asian shipowners present anti-piracy plan Proposal would have 780 UN-sanctioned security forces protecting 30 ships a day in high-risk area off Somalia
South Korea launches $3bn research project on offshore technology, Arctic shipping Government to route funds to KIOST from now to 2020
STX O&S wins $294m order to build four ro-ro ships South Korean yard also completes bond sale to raise funds
Torm rescue deal hampered by bank row Ship operator and banks at odds over financial restructuring deal
Asian LNG imports to rise Countries such as China, Thailand and India are starting to increase their appetite for gas
Shell risks its east African gas dream Company faces numerous problems if it ploughs ahead without doing its homework
Natural gas vehicle growth revs up LNG shipping demand Shell's backing for transport sector will also boost call for alternative fuel
Can you beat the dry bulk cycle? Ian Claxton, managing director of Thoresen Shipping, explains how his fleet is only bleeding when everyone else is hemorrhaging
Thoresen Shipping to expand its dry bulk fleet Company building on supramax and handymax strength
The Tiger and the Rhino Where is the risk in growing Sino-African trade?
New EU approach could drive down maritime crime in the long term The land-based strategy to counter piracy in Somalia may prove more effective than its predecessor
What's in a box? Cargo misdeclarations can kill
IACS to reassert itself under new chairman Tom Boardley says IACS is a microcosm of the IMO
Precious Shipping has loan reduced Thai dry bulk operator has $50m less to spend on secondhand vessels
MHI renews engine licensing agreement with HHI Japanese firm seeks to expand market share via co-operation with South Korean major
Torm downplays reports of restructuring deal Danish newspaper says tanker specialist is on the brink of agreement with 14 banks over $1.9bn debts
One of Omega Navigation Enterprises' non-Chapter 11 ships is sold EXCLUSIVE: Move said to have freed bankruptcy estate from loan guarantee
Singapore box volumes rise 9.2% Buoyant Southeast Asian trade lifts world's second-busiest port
Hong Kong port volumes contract in June Pearl River Delta region hit by slowdown in exports to Europe
Nakilat in 5.9% second quarter profit rise Steady earnings pegged to tight management of costs
OSG shares tank NYSE-listed shares of tanker major Overseas Shipholding Group plunged in heavy volume today, continuing their week-long slide
Poof! Fairstar newbuilding order appears DOCKWISE told Fairplay today it found out this week that Fairstar placed a $110M order for a new heavy-lift newbuilding while it was still fighting the Dockwise takeover
100 more probably lost in ferry sinking RESCUERS are losing hope in bad weather today for more than 100 people missing in the sinking of a Tanzanian ferry near Zanzibar's main island
TORM shares rocket on bank deal report SHARES in Denmark's TORM rocketed more than 60% early today after a newspaper reported it was near a deal on its $1
Bayonne Bridge scheme seen completing early POST-PANAMAXES will access New York's box terminals six months sooner than expected, as work to raise the Bayonne Bridge is seen finishing ahead of schedule
Post-Panamaxes grabbed by Maersk FORWARD enquiry for large charter container vessels remains brisk, with Maersk Line fixing a series of post-Panamax newbuildings with delivery dates in the first half of 2013
EC to seek talks clearance for Japan trade talks THE EC has forecast a major increase in the volume of cargo transported between the EU and Japan if they conclude a free trade agreement
Cargotec hails orders rise FINLAND'S Cargotec today said its order intake rose 17% year on year in 2Q12
MHI-HHI engine deal renewed MITSUBISHI HI said it has renewed its engine technology licensing accord with Hyundai HI
Dalian logistics base planned SHANGHAI'S SITC Container Lines today said it had signed a strategic co-operation agreement with Dalian Port Group
Kremlin approves new Arctic LNG port THE KREMLIN has approved the construction of a new Arctic port at Sabetta, on Ob Bay on the east coast of the Yamal Peninsula, as an LNG export outlet
Newbuilding, secondhand asset prices dive STRONG competition is persisting between secondhand ships and newbuildings, as asset prices in both categories have plunged since 1H2011
China methanol boom seen CHINA'S methanol demand looks certain to grow despite concerns over coal-to-methanol overcapacity, McQuilling Services has reported
CSD warns of 1H losses CSD TODAY warned it expects losses for the first six months of the year
Two-tier chemical market created EU SANCTIONS against Iran have caused a two-tier market for chemical tankers in the Persian Gulf, brokers said today
Key Senators Eye New Waterways Authorization Bill The Senate could introduce legislation key to authorizing the deepening of East Coast ports and improving inland maritime routes by...
Former FMC Chair Leslie Kanuk Dies Former Federal Maritime Commission Chair Leslie Lazar Kanuk died at her home in Manhattan on Tuesday. Her son, Alan Kanuk,...
New Cold Storage Warehouse Opens in New Orleans New Orleans Cold Storage, the oldest cold storage company in North America, opened a new 142,000-square-foot cold storage warehouse at...
Werner Enterprises Profit Rises 11 Percent Werner Enterprises boosted net profit 11 percent in the second quarter to $30.7 million despite a year-over-year decline in truckload...
Hub Group Intermodal Volume Up 9 Percent A 9 percent jump in intermodal volume lifted Hub Group's profit in the second quarter by 18 percent year-over-year to...
ILA, USMX Agree on Two Key Issues The International Longshoremen's Association and United States Maritime Alliance moved closer to a contract agreement with an agreement in principle...
Obama Fast-Tracks Reviews of East Coast Port Projects Five East Coast ports got a leg up from the White House Wednesday when the Obama administration fast-tracked the seven...
ILA to Affiliate With Global Dockworkers Group The International Longshoremen's Association plans to affiliate with the worldwide International Dockworkers Council in what ILA President Harold Daggett said...
CSA Opponents Head to Court A coalition of shippers, small trucking companies and brokers is suing the Federal Motor Carrier Safety Administration over "guidance" the...
US Railroads See Gains in Intermodal Traffic Intermodal shipments on major U.S. railroads in the week ending July 14 jumped 6.8 percent year-over-year and 21 percent from...
ILA, USMX Resume Negotiations The International Longshoremen's Association and United States Maritime Alliance continue negotiations on a contract that can't be settled soon enough...
Asia-Europe Spot Rates Slip for Second Week Spot rates in the Asia-Europe trade lane eased this week, the second consecutive week of decline, as Maersk Line said...
ILA and USMX Contract Negotiations: Will There Be an Agreement Soon? (Podcast) International Longshoremen's Association and the United States Maritime Alliance are involved in a new round of intense labor contract negotiations in...
Sydney, Australia, Container Terminal to Be Expanded Australian stevedore Asciano will invest US$359 million to redevelop and expand its container terminal at Port Botany in Sydney. ...
Duane Reade Expands Electric Truck Fleet Pharmaceutical retailer Duane Reade is expanding its use of electric trucks, adding 10 trucks built by Smith Electric Vehicles to...
ICTSI Appoints New Asia Regional Head Global port operator International Container Terminal Services has appointed Christian R. Gonzalez as acting head of Asian operations. Effective...
Diana Containerships Plans New Stock Offering Diana Containerships plans to offer and sell 8.1 million of its common shares in an underwritten public offering. ...
Double-Digit Chemical, Auto Traffic Gains Push UP to Record Profit Double-digit increases in automotive and chemical shipments, along with lower fuel prices, drove Union Pacific to a record profit of...
Hapag-Lloyd to Raise Rates on Major Trades Hapag-Lloyd plans to boost its rates on various trade lanes, effective Aug. 15, as part of a new rate restoration...
Charleston Harbor Project on Obama's Priority List The planned project to deepen the Port of Charleston's harbor to 50 feet has been added to the initial list...
CSAV Boosts Fleet Ownership With Newest Vessel Delivery Chilean carrier CSAV said it moved closer to owning about 40 percent of its container fleet when it took delivery...
Customs officials' action in Brazil intensifies The ongoing industrial action being taken by Brazilian Customs officials is costing the economy by severely disrupting cargo movements and causing shipping lines ...
More carriers join Asia-Europe rate offensive CMA CGM and Zim Line have joined the growing list of carriers seeking to reverse the downward freight rate spiral from Asia to Europe. CMA CGM intends to introduce ...
Bayonne Bridge to be ready for Panama Canal widening The raising of the Bayonne Bridge in New York will be finished by the time that the widened Panama Canal is operational after the Port Authority of New York and ...
China/Africa trade set for more growth The trade to/from China and Africa is one of the fastest growing in the world at the current time, with China 'still hungry' for the continent's raw materials, ...
Golonka appointed VP of Crowley's ship management division Jacksonville-based Crowley Maritime Corp has promoted Mike Golonka to vice president of the company's ship management team. He was previously general manager of ...
Jeddah is 'jammed up' The import container boom being experienced in Saudi Arabia is now also affecting the country's largest port Jeddah. While an increase in imports is normal in the ...
Melbourne posts record volumes Melbourne, which is Australia's leading container port, has posted a record box throughput in its 2011-12 fiscal year with traffic rising by 7.8% to 2.58 million ...
US retail down again Despite the good numbers reported by the US bellwether ports of Los Angeles and Long Beach for the month of June, at the sharp end of the supply chain US retailers ...
CMA CGM to start REX 2 This week-end will see CMA CGM re-enter the Asia/Red Sea market, with its new REX 2 service comprising a joint arrangement with China Shipping Container Lines, ...
Contargo improves service between Benelux ports and Geneva Contargo has established a twice weekly rail shuttle service between Basel and Geneva in Switzerland. One round trip begins in Basel on Friday, starting out again ...
Is the tide of idled box tonnage turning? According to the latest survey by Lloyd's List Intelligence [LLI] the inactive containership capacity this week stands at 265 ships with a total intake of 365,000 ...
Shipyards' rallying cry Italian shipbuilders' leader Corrado Antonini has called for a big push by workers to raise productivity and for funding support from the state.
Keppel targets cost cuts Keppel Corp is aiming to improve efficiency and outsource more work to its regional yards in a bid to tackle lower margins.
Diana aims for $50m Greece's Diana Containerships is seeking to raise at least $50m from its share offering to build its ship purchase fund.
Jasa wins Exxon business Malaysian owner Jasa Merin has fixed two anchor-handlers to ExxonMobil.
Yard worker killed A shipyard worker has died in a fire that left another colleague seriously injured in India.
Okean under fire Ukraine's Okean shipyard says it is business as usual despite a creditor filing a bankruptcy case against it.
Reefer owner keeps award A battle over a $3.6m demurrage bill run up as the result of a reefer being detained at St Petersburg for eleven months has been decided in favour of the shipowner.
BWO takes Papa hit BW Offshore has dimmed its second quarter earnings forecast after it revealed a delayed FPSO conversion will again hit it in the pocket.
Torm cools deal talk Torm insists it is still in talks with banks over a restructuring despite reports suggesting it is on the brink of a deal.
Better news for CSDC Morgan Stanley has upgraded its share outlook for China Shipping Development Co (CSDC), despite its profit warning on Wednesday.
LSC: no wages owed Lithuanian Shipping Co (LSC) has denied it has been struggling to pay crew and shore staff.
130 feared dead At least 32 people have died in the capsizing of the Tanzanian ferry Skagit, but 100 more are feared dead.
Precious loan cut Precious Shipping has $50m less to spend on second-hand bulkers after one of its lenders withdrew from a loan agreement.
Messina seals con-ro deal Italy's Ignazio Messina has signed up for four hybrid container/ro-ro (con-ro) ships in Korea.
Double whammy German propulsion specialist Tognum and its majority shareholder, British engine manufacturer Rolls-Royce have announced contracts to supply marine engines and propeller-rudder systems to Brazil and Norway.
Diana in cash drive New York-listed Greek shipowner Diana Containerships says it intends to offer and sell 8.1 million of its common shares in an underwritten public offering.
Port: Big ships to pass under Bayonne Bridge 6 months sooner The Port Authority of New York and New Jersey has figured out a way to shave six months off the timetable for the $1 billion bridge reconstruction, which involves raising the road deck of the bridge for bigger ships.
Hainen Airlines starts Chicago-Beijing service No objections were filed to Hainan's application, which sought rights available under the U.S.-China aviation agreement. Hainan proposes initially to operate four-times-weekly service, using Boeing 787 aircraft, beginning in the second quarter of 2013.
Professor questions Houston/Galveston's canal preparedness
DHL starts new U.S-Sydney flights
MOL continues service performance momentum in June
Senate committee amends ENFORCE Act The U.S. Senate Finance Committee marked up and passed a bill on Wednesday that strengthens Customs and Border Protection's efforts to combat antidumping and countervailing duty evasion.
Virginia sees record container volume in June
C.H. Robinson offers temperature control in Rotterdam
UP has record profit in second quarter
Oregon blueberries head to South Korea Demand for fresh blueberries is high in South Korea, with growers potentially shipping up to 1 million pounds this season. "The first shipment arrived in South Korea on July 2 and the blueberries are now on store shelves," USDA said.
Market firm in Fujairah Middle East prices move up with biggest gains seen in Fujairah.
Market across Europe increases by double digits Fuel oil prices firming in most European ports with Rotterdam leading the way.
Singapore fuel oil stocks take a tumble Big drop in Western imports keeps fuel oil stocks on the slide in Singapore.
Engineering buy strengthens maritime advisory service ABB extends its marine energy services with software company acquisition.
Iran won't shut down sea lanes, says US US determined to keep Gulf shipping lanes open despite Iranian threats.
Early booking advised for bunkers in Libya during Ramadan Supplier says minimum of three days notice required during Muslim holy month.
Wartsila to share LNG research with offshore operator Deal to share information on using LNG as bunker fuel with the market.
Asian bunker prices resume climb Demand poor across key Asian ports on Thursday.
Negotiations still proceeding, says Torm Company responds to reports that claim it is close to deal with banks on rescue plan.
US Navy supplies biofuel to naval strike group Navy's work on alternative fuels 'to create opportunities to make a long-term dent' in traditional fossil fuel usage.
Operating profit up at gas shipping firm Nakilat continues to 'manage expenses quite well', says managing director.
Asia to see higher fuel oil shipments in August Price spread to decline further if demand does not improve amid increased fuel oil supplies.
CSDC predicts H1 losses Losses expected amid continued weak freight rates and high fuel costs.
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