Primorsk terminal closure leaves hangover of aframax spot tonnage Surplus of up to a dozen tankers continues to drag down the Baltic Sea-Europe freight rate
Shooting reignites debate over rules on use of force Armed guards are not adequately protected
APM Terminals in move to reassure customers over Virginia bid No price or service discrimination, port operator pledges
Germany warned on uncertainty in Europe Moody's warns Germany, the Netherlands and Luxembourg on their credit ratings
Takeover option 'unlikely' for Grimaldi Hellenic Seaways is not Italian owner's focus, says third-party ferry executive
Responsible troublemaker Sanko Steamship might need to work harder to convince others that it can be a good business partner again
Global Ship Lease renews CMA CGM charters at steep discount Eight-month charters on 4,113 teu pair to fetch $9,962 per day against expiring day-rate of $28,500
Sanctions spell the end of Irano Hind SCI's Hajara confirms discussions over asset split between Iran and India
Guangzhou Shipyard warns profit is poised to drop by more than half Shipyard will also take an unusual impairment loss for six newbuildings
Singapore LNG terminal to open ahead of schedule State-owned developer of nation's first liquefied natural gas terminal has completed 92% of project
Cheaper oil pushes down freight rates Recent rate declines are not necessarily a sign of market weakness, says analyst
Grimaldi heads for Hellenic Seaways shootout Italian shareholder upset with Yannis Vardinoyannis-led ferry firm's sale of vessels
Keppel seals three conversion deals Singapore offshore specialist will convert vessels for Southeast Asian oil majors for $8m
Navios Maritime Acquisition fixes work for LR1 quartet Angeliki Frangou-led tanker outfit has period employment for 25 out of 29-strong fleet
German boxship ownership unchallenged Slowdown in orders fails to dent German dominance
Germany publishes tighter rules for KG funds Government aims to restrict opportunities for KG houses to sell funds to private investors
Ship sales eat into DHT profits But tanker company says it is ahead of the game in debt repayment
Cruiseships' safety passes random test But Germany's ADAC warns that open bulkheads 'are a risk that should not be underestimated'
U-Ming withdraws VLCC chartered to Sanko Taiwanese owner redeploys its lone tanker in Heidmar's pool
Diana pays $25m for post-panamax bulker resale Latest acquisition from Tsuneishi Zhoushan continues cash-rich owner's steady approach to growth
MSC Flaminia fire now under control Final salvage inspection needed before port call can be made
First Ship Lease Trust falls deeper into the red in second quarter Singapore-listed shipping trust hit by higher costs and weaker product tanker results
New Long Beach bridge contract agreed Replacement for Gerald Desmond Bridge to be completed by 2016
Sanko receivership puts standing president in charge Management will need Tokyo court's nod to buy or sell assets, borrow or seek debt relief
Fjord goes full LNG for fuel NORWAY'S Fjord Line said today it has ordered two 31,000gt ro-paxes to be powered only by LNG, making them the first major passenger ships to be run on the fuel
VLCCs bottom-feed VLCC RATES in timecharter equivalent earnings have fallen below levels seen in July last year, according to RS Platou Economic Research
DHT pares debt load NYSE-listed tanker owner DHT has reported declining profits on increased spot exposure, but steady progress on debt repayments
Wilhelmsen return to newbuildings arena seen ORDERS for PCTCs are expected soon from Wilh Wilhelmsen, the listed vehicle carrier unit of Wilh Wilhelmsen Holding, a shipping analyst said
Fumes kill three port workers in India THREE port workers were killed and four were hospitalised in a fumes accident at Nagapattinam's port in southeast India
Breaking sector stalls THE MARKET for shipbreaking has sunk into a lull, as the month-long Ramadan period, falling steel prices and a still-weak rupee hit demand
Minister quits after sinking A ZANZIBAR government minister has resigned, as the number of confirmed dead following last week's ferry sinking rose to 78, with at least 66 others still missing
Keppel wins $82M in conversion contracts KEPPEL Shipyard said it will convert three tankers for the offshore market for S$103M ($82M)
Technip charters with North Sea for newbuilding FRENCH offshore energy contractor Technip has contracted with Norway's North Sea Shipping to take an offshore construction newbuilding on charter for 5-7 years, starting in 2014
Japan's owners bolster compatriot yards JAPANESE shipowners' orders at compatriot builders helped to bring up Japanese yards' orderbooks in June
Indian tax seen as Malaysian palm oil boon INDIA'S move to raise taxes on refined palm oil imports would boost demand for Malaysian crude palm oil exports, UOB Kay Hian predicted today
VLGC activity slows RATES to ship LPG on VLGCs have ebbed since reaching a 2012 high of $73.063 per tonne on 12 July
Cargo vessel missing A GENERAL cargo vessel has been missing since sending a distress signal this weekend off Zambales, the Philippine Coast Guard told Fairplay today
FSLTM losses nearly triple SINGAPORE-listed shipowner FSL Trust Management said losses during the first half of this year totalled $6.6M, against $2.4M in losses in the same quarter last year
Tanker recovery hopes dashed EVERCORE analyst Jon Chappell warned today that the tanker market will probably get worse before it gets better and that a recovery might not start until 2014
Norfolk Southern Profit Falls 6 Percent on Coal Traffic Drop Norfolk Southern profit in the second quarter fell 5.9 percent year-over-year to $524 million, as a 15 percent plunge in...
Refrigerated Intermodal Service Expands East Rail Logistics-Cold Train is expanding its refrigerated intermodal service, bringing its container fleet up to 300 53-foot units and adding...
Truck Sales Boost Paccar Revenue to $4.5 Billion A weak U.S. economy and uncertainty in Europe could dampen truck orders for the remainder of 2012, Paccar's Chairman and...
Ryder Profit Rises 17 Percent, Revenue Hits $1.56 Billion Higher retail and wholesale used truck prices helped Ryder System boost net profit nearly 17 percent year-over-year in the second...
Ocean Carriers Recovering, Jefferies Says Container lines are likely to move into the black in the second quarter of this year and expand their profits...
Diesel Prices Rise at Sharpest Pace Since Late February Diesel prices in the U.S. rose at the fastest pace since late February, jumping 8.8 cents in the week ending...
Global Trade Traffic in the Peak Shipping Season [Interactive Graphic] The peak shipping season is quickly approaching, and carriers and shippers are expecting, and hoping, that the second half of...
UPS Downgrades Outlook After Non-US Volume Falls The United Parcel Service downgraded its outlook for the second half of the year after non-U.S. volume declined 3.2 percent...
Global Charters Two Ships to CMA CGM Global Ship Lease signed new time-charters on Monday with CMA CGM for two secondhand container ships, the 1996-built Ville d'Aquarius...
Fire on MSC Ship Under Control, Salvors Say Salvors report that a fire on the container ship MSC Flaminia has been brought under control as a tug continues...
Marseilles Container Volume Grows 14 Percent The volume of containers handled by the Port of Marseilles Fos grew 14 percent in the first half year year-over-year,...
Abu Dhabi's Khalifa Port Receives First Container Ship Call Abu Dhabi's Khalifa Port has received its first container vessel call. The new Middle East gateway, located in the...
Cargo Steady at Changi Airport Cargo volume was steady at Singapore's Changi Airport in June, but the arrival of a new carrier could boost cargoes...
Damco invite toys on RTW trip The AP Moller - Maersk forwarding arm, Damco, has completed the trip of a lifetime for 50 iconic toys, visiting 10 cities and travelling through seven countries ...
Russia joins WTO After 18 years of negotiating Russia will become the 156th member of the World Trade Organization [WTO] when it takes a seat at the trade forum in August. The removal ...
AfDB invests in ATI The African Development Bank (AfDB) is investing USD15 million in Nairobi (Kenya)-based African Trade Insurance Agency (ATI), a provider of trade, credit and political ...
CAI posts record results in Q2 12 The San Francisco-based container and railcar rental company CAI International has posted record results for its Q2 12 fiscal period which ended June 30, 2012. ...
Freight rate fall partly due to BAF SeaIntel's latest Sunday Spotlight confirms that part of the recent drop in freight rates is only caused by falling fuel surcharges, not just the growing imbalance ...
MSC Flaminia: race against time to tow burning ship to refuge While one tugboat continues to cool the area of the blaze onboard the explosion-ravaged MSC Flaminia, a second is towing the stricken ship towards ...
Manta multipurpose terminal tender extended Ecuador's Manta Port Authority (APM) has extended its tender for the development and operation of a new deepwater multipurpose terminal at the port. The decision ...
Marseilles Fos turns corner at last Marseilles-Fos increased its container traffic by 14% in the first half of 2012 compared to the same period last year, up to 520,132TEU, but as the first half of ...
Sales pace slows The great second-hand bulker sell-off has slowed in the last week, with one sales candidate withdrawn and another deal still in limbo, brokers said.
Dividend threatens expansion
Diana reels in resale Greek owner Diana Shipping has splashed out $25m on a new bulker due from Tsuneishi in August.
Samudera stronger Singapore-listed container line Samudera Shipping has driven up second quarter profit as volumes increased.
TransAtlantic makes cuts Rederi AB TransAtlantic has launched the first of its tough costcutting measures aimed at stemming losses that have run for 14 straight quarters.
Navios fixes four Greece's Navios Maritime Acquisition Corporation has found a year's work for its four new LR1 tankers.
Havila cuts deficit Havila Shipping has more than cut its losses by half as revenue grew.
Oceana targets quartet A new Brazilian shipyard is aiming for a slice of oil company Petrobras' newbuilding business.
GulfMark buys two GulfMark Offshore plans to build a pair of platform supply vessels for the US Gulf of Mexico.
HVS sells cancelled ship Vietnam's Hyundai-Vinashin Shipyard (HVS) has sold a bulker cancelled by its original German owner.
All for nothing? China's Guangzhou Shipyard International (GSI) has revealed it could book a loss from six new ships as it tries to keep production ticking over.
The end of Irano Hind Irano Hind Shipping Company is on the verge of being wound down after 37 years, reports say.
Sun lounger causes grounding TradeWinds has reported on a wide range of casualties over the last 20 years, but the grounding of the French river cruiseship Douce France is surely unique.
Brasbunker eyes IPO Brazilian tanker and offshore shipping group Brasbunker is considering an IPO in 2014.
Skagit owner arrested Police in Tanzania have arrested the owner and master of the ferry that sank off Zanzibar last week, killing 145 people.
DryShips bulker refloated A DryShips bulker has been freed by tugs after grounding in Australia.
Technip takes NSS ship France's Technip has chartered a new Norwegian construction vessel for up to 12 years.
DHT in the Money New York-listed DHT Holdings reports that it raked in a net income of $2.7 million for the second quarter of its 2012 financial year, on revenues of $23.7m.
Global Ship Lease fixes two New York-listed Global Ship Lease has negotiated new charters with CMA CGM for two mid-sized containerships that were due to come off charter in September.
Navios Partners pays out Navios Maritime Partners of Greece has announced that it is paying out a cash distribution of $0.4425 per unit for the quarter ended March 31, 2012.
Dropping fuel prices linked to lower ocean rates A large proportion of a fall in rates shown by recent indices comes from the fact that bunker prices have dropped in recent weeks, with most bunker adjustment factors calculated on a lag behind real-time prices.
Company says it is promised decision on Title XI application American Petroleum Tankers says, after two years, the government will decide by end August whether to grant a Title XI loan guarantee for five 49,000-dwt. tankers built between 2006 and 2010 in California.
Disney to test FEC intermodal service from Port of Miami
Logistics in space
Chamber says low sulfur fuel availability study urgently needed Failure to accelerate a study into the global availability of low sulfur fuel for ships has "billion dollar implications," says the International Chamber of Shipping.
Obama gives ports attention they deserve
UPS trims earnings forecast as international revenues fall
"Cold Train" adding new destinations
APM Terminals revised proposal for Virginia Ports
U.S. Customs extends remote filing support
Nova Cold Storage building new Halifax transload facility
Trillium and AMP join to build CNG fuel stations in U.S. Trillium CNG, a business unit of Integrys Energy Group, and AMP Americas will together put in place a full network of compressed natural gas (CNG) filling stations across the U.S., beginning with two highways in Texas.
Bunker prices show some stability in Fujairah But African ports post big falls while Suez runs out of product.
Rotterdam sees limited price increase Heavy fuel oil makes gains in Rotterdam but other ports record significant price falls.
High bunker prices take toll on tanker earnings VLCCs struggle to break even as too many ships chase too few fixtures.
Bunker prices largely down at key Asia ports Bunkering operations resumed at Hong Kong port on Tuesday afternoon.
Licensing agreement renewal for fuel efficient engines Mitsubishi-UE engine series feature low fuel consumption and less cylinder lubrication oil requirements.
Latin American bunker player mulls listing Brasbunker expansion will set the scene for any future listing.
Bunkering operations resume at Hong Kong port Bunker loading operations resume after wind signal is lowered.
Norwegian cruise ferries 'first' to be powered solely by LNG Fjord Line going 'one step further' by running its two newbuild ferries on single LNG engines.
INTERTANKO issues guidance on ECA compliance Guide tackles issues facing shipowners face in the run up to tighter sulphur emission regulations.
Lukoil extends Bulgarian operations Neftyanyk-1 will supply 'light oil' material along the Danube River, says firm.
Gas shipping industry forms LNG bunker advisory group Group to advise on the design, operation and safety of LNG bunkering logistics.
Staff promotion at Tokyo bunker firm Pavel Rokhin promoted to senior bunker trader and team leader.
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