Port valuations A terminal's worth is based on a lot more than its monetary value
Asian bidders eye CMA CGM's port assets China Merchants among potential buyers for 49% of French line's Terminal Link
West African suezmax market slides further Bottom of the market could be reached over next few weeks
China Merchants said to be eyeing stake in Terminal Link Investment in CMA CGM unit may give it a necessary foothold in overseas markets
Suezmax newbuilding orders dry up as spot market slumps Owners warned not to be tempted to order when market picks up later in the year
Banks, boxes and bailouts The pain in Spain falls mainly on consumer sentiment
Tax bill fears for German owners Members of the Containership Association support scheme could face 19% charge
Phoenix Reederei files for insolvency Collapse creates fear that other German shipowners with vessels financed by KG funds will be hit
Why Chapter 11 only works when it works Procedure is most useful where the owner has equity in its assets and support of financial institutions
Winter bonanza lies ahead for LNG carriers Rates forecast to top $180,000 per day, tempting owners to order more newbuildings
US east and Gulf coast labour talks make 'significant progress' ILA and USMX say they have agreement in principle on a number of issues, including automation
Transnet plans $37bn investment across South Africa Majority will go on turning TFR into important rail freight company, with rest spent on port terminals
TPT chief seeks to build links with other ports Partnership would help boost economy across region, claims port terminals chief executive
Lessons from aviation Lessons can be learned for the maritime industry from the Air France crash
Jinhai Heavy Industry takes $88m hit after delayed deliveries Golden Ocean renegotiates prices of two kamsarmaxes and capesize down to $86.7m from original $174.75m
NYK goes even greener Japan giant has expanded its reporting on emissions to its supply chain, with independent verification
CMG and DHL jointly open logistics centre in Shenzhen DHL rents land from CMG on a long-term lease to cash in opportunity in Southern China's newest, buzzing financial zone
Cape rates edge lower as demand prospects vanish Iron ore prices are falling, while stockpiles in China's ports grow
Transnet issues $1bn 10-year bond Company claims bond issuance is 'significantly oversubscribed'
Obama funding drive will boost US east coast ports Projects include deepening federal navigation channels, raising the height of New York harbour's Bayonne Bridge and an intermodal container facility in Jacksonville
Jaya to become IHC Merwede's contracted yard Acquisition talks fail to bear fruit, but firms agree a smaller deal
Bocimar profit falls 64% in second quarter Handysize earnings below reported average for global fleet
US urges ports to act upon Iranian ships flying false flags Treasury warns that a lack of vigilance could result in severe penalties
China Shipping Development moves ahead with bond offering Yuan3bn deal will include five-year maturity
Keppel's O&M net profit grows 2% in first half Revenue grows 60% to S$4bn buoyed by higher volume of work
Keppel O&M profit gain pared KEPPEL Offshore & Marine said today lower newbuilding prices clipped the growth of its net profits to just 2% in 1H 2012, from 6% growth at this time last year
Back-channel crude from Iran reported OBSCURE private companies were reported today to offer Iranian crude at steep discounts to European traders as part of Tehran's attempt to restore exports hit by Western sanctions
Croatia approves Brodotrogir yard takeover CROATIA'S government today said it has accepted a bid for the Brodotrogir shipyard from a group run by a local mining tycoon
Jurong to run Yangpu's port SINGAPORE'S Jurong Port said it has signed a joint venture accord with SDIC Jurong Yangpu Port Co.
GSI returns to tight competition CHINA'S government-owned and listed Guangzhou Shipyard International today said it would take a 24% share in United Steel Structures, while its Glory Group Development would take a 25% stake
Kremlin to privatise its 20% NCSC stake THE KREMLIN said it has decided to privatise its 20% stake in Novorossiysk Commercial Seaport Co.
Arctic mining pursued CANADA Coal is betting that lower sea levels have made mining and bulker operations feasible on two Arctic islands
Ramadan slows cargoes THE ONSET of Ramadan, the month-long Muslim fasting season, has slowed the availability of Indonesian coal and ore cargoes, brokers told Fairplay today
Ship could burn for weeks DUTCH salvor Smit today resumed the battle against a deadly blaze on the 6,750teu MSC Flaminia in mid-Atlantic after firefighting had to be halted overnight after a second explosion in one of its cargo holds
Container sector relies on capacity discipline CAPACITY discipline will help box carriers maintain reasonable rates through this year's unusually tough third-quarter peak season, according to CIMB Securities
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
LR1s catch up with LR2s LR1 RATES are finally catching up with the LR2s, as demand firms for naphtha and jet fuel
Penguin accepts fine SINGAPORE'S shipbuilder Penguin International said today the group will not appeal against a fine for violating competition laws
Dalian Oriental is bankrupt BUILDER Dalian Oriental Marine & HI was reported today to have finally declared bankruptcy
VLCC gains seen next week BROKERS today saw VLCC freight rates probably inching up next week, with bunker prices rising again
Patrick's productivity plan for Port Botany draws sharp criticism Patrick Stevedores' AUD348(USD359) million plan to automate terminal operations at its Port Botany container terminal complex in Sydney, Australia, has drawn wide ...
ILA contract negotiations move forward after resolution of key issues US East Coast (USEC) contract labour negotiations have received a boost after the International Longshoremen's Association (ILA) and the United States Maritime ...
RCL deploys panamax feeder intra-Asia Wednesday heralded the introduction of the biggest commercial feeder currently operating on the booming Singapore - Laem Chabang corridor. The ...
US Admin speeds up USEC ports harbour deepening US East coast (USEC) ports have received a boost in their efforts to be ready for the widening of the Panama Canal after the US Government announced that it is ...
Gonzalez to replace Abesamis at ICTSI Manila-based International Container Terminal Services, Inc. (ICTSI) has announced that Christian R. Gonzalez will become head of its Asia region. He will replace ...
MSC Flaminia: fire fighting to last weeks
Maersk changes New Zealand feeder service Maersk has improved its service to New Zealand by adding calls at Wellington and Nelson to its weekly Southern Star schedule from Singapore. The first calls there ...
TCB prepares for more competition in Barcelona Barcelona Container Terminal (TCB) has announced further measures through which it intends to meet the challenge from neighbouring TERCAT's impending expansion ...
Golden goose Analyst urges clients to keep an eye on shipowner's stock following overhaul of Jinhai bulker order.
IHI arrives at EAS IHI Marine lands in Brazil in a bid to save stalled Transpetro newbuilding contracts.
Viking pens cruise duo
McQuilling storms Lion City
Alaed "unloads choppers" The Femco cargoship Alaed has reportedly rid itself of its controversial cargo of Syrian attack helicopters.
Sinopacific wins Nigeria job SinoPacific Shipbuilding has made its first foray into Africa with an order for a quartet of platform supply vessels.
Titan's troubles swell A leading investor in Titan Petrochemicals is suing the company and three individuals for misrepresentation and breach of contract.
Sinokor tied to cape resale
CIN buys Tirrenia Italy has completed the privatisation of ro-pax owner Tirrenia in a deal with Compagnia Italiana di Navigazione.
Solstad seals CSV sale Solstad has completed the sale of a half share in one of its construction support vessels.
China Merchants sounds alarm China Merchants Holdings is the latest Hong Kong-listed company to brace investors for bad earnings news.
CMES worse by half China Merchants Energy Shipping (CMES) has posted a weaker first-half profit in tough tanker and bulker markets.
Jaya inks IHC deal Singapore group Jaya Holdings has signed up to build Dutch shipyard IHC Merwede's offshore vessels in Asia.
Greeks tuck in Shipowners gorge on nearly $2bn worth of newbuild and secondhand tonnage in the first six months despite the downturn.
BG heads to Lisbon UK-owned feedership player BG Freight Line is putting its money on Portugal.
Salvors to board MSC Flaminia Efforts to fight an extensive fire on the crippled containership MSC Flaminia appear to be delivering a result.
Weight warning The UK has warned owners of the dangers of "overweight" rescue boats as part of its probe into a fatal fall on the car carrier Tombarra in 2011.
PNSC crew quizzed Indian authorities are questioning the crew of a Pakistani cargoship that dropped anchor off the Gujarat coast.
Golden Ocean gets a discount Bulk carrier owner Golden Ocean is making a substantial saving on three newbuildings on order in China in return for accepting a three to six month delay in delivery.
Antwerp volumes down The key Belgian port of Antwerp has posted a 2.1% drop in cargo volumes in the first half of 2012.
Koncar wins Trogir race Croatian tycoon Danko Koncar has had a bid accepted for the Brodotrogir shipyard.
Syrian volumes plunge Container volumes have shrunk 20% at Syria's main port of Latakia as fighting escalated.
France standing tall Brokers back Parisian influence, while Clive Palmer digs himself into a Titanic hole.
Disposals lift CMB Belgian shipping conglomerate Compagnie Maritime Belge (CMB) saw its daily earnings from its dry-bulk fleet drop in the second quarter of this year, although profits were significantly higher because of gains made on the disposal of its interests in Clarksons and FMG.
Robbers target three Somali pirates were quiet on the attack front this week, but high-seas burglars were busy elsewhere.
Golar LNG Partners completes FSRU purchase Golar LNG Partners has completed its $385 million purchase of the floating storage and regasification unit (FSRU) Nusantara Regas Satu from Golar LNG.
Fire easing on stricken MSC ship "The extent of the damage to the cargo is still not known, and it is most likely that such an assessment can only be made once the vessel has reached a port of refuge," the liner carrier said in a statement Friday.
Aspect launches Web tool for oil shippers
President puts 7 port projects on the fast track The White House said port projects in Jacksonville, Miami, Savannah, Charleston and New York/New Jersey will be expedited by executive order as part of a program to make the review process for infrastructure projects more efficient.
Kurz: Title XI fight could have wider impact for U.S. fleet APT is asking a federal judge to order MarAd to make a decision on whether to grant it a loan guarantee for five 49,000-deadweight-ton petroleum tankers that were built at the General Dynamics NASSCO shipyard in San Diego.
GreenRoad offers fleet safety app
2 indicted for plotting illegal exports to Iran
Montreal copes with low water A handful of liner carriers has highlighted the problem in recent weeks, via customer advisories, with some of the lines levying surcharges to offset their impacted operations at Montreal.
Prices in the Americas down as week closes Trading was slow on the US Gulf, according to a local supplier.
Angry reactions to US sulphur verification policy Bunker community vents frustration at discrepancy between IMO guidelines and globally accepted methodology for interpretation of sulphur test results.
Titan woes pile up Storage and tanker company facing yet more court battles.
Bunker prices climb in Middle East and Africa Prices gains in evidence across Middle East and African markets puts Cape Town in front with double digit rise.
Firming bunker prices close week in Europe Prices have maintained their upward spurt with with gains seen in the key European ports.
NYK gets the green light Japanese liner giant monitors greenhouse gas emissions along its supply chain.
Exhaust gas scrubber gets official endorsement 'Approved' scrubber will allow ships to meet ECA sulphur cap.
US warns industry on 'deceptive' IRISL Iranian ships could be hiding their ownership through false documentation.
Bunker prices end week higher Singapore benchmark 380 cSt rises to seven-week high on Friday.
FAL Oil tanker seized for unpaid debt Tanker seized following failure to pay German bank around $3 million in debt.
Wartsila to supply engines for nine Kuwaiti tankers RT-flex engines provide for low fuel consumption and reductions in exhaust emission, says Finnish engineering firm.
VLCC market going 'bad to worse' on rising bunkers Bunker prices rise to seven week high this week while VLCC spot rates have fallen to the lowest for the year to-date.
Singapore court lifts injunction against bunkering exec 'Top performer' need not wait to start work at rival firm.
Bunkering operations resume in Korean ports Operations return to normal as typhoon Khanun passes.
- 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
