Cuba service could point to shipping future Miami and Havana get first direct link in half a century
Mariel aims to become Caribbean box hub PSA project can benefit from Panama Canal expansion
LNG orders wobble in face of financial and chartering challenges EXCLUSIVE: Stena withdraws from double DSME order after IPO plans put on hold
Forced sales not the only alternative for banks Creative solutions on offer when loans default
Newer ships most at risk in KG crisis Hundreds are struggling, but thousands are not
London 2012 is a far cry from Beijing 2008 What a difference four years can make - but can shipping learn a lesson from the Olympics?
Owners of Middle East VLCCs fight back Fresh cargoes instill new confidence in owners
Iranian maritime body hits back at UANI campaign AMBD says the argument against classification of Iranian vessels is based on misleading information
Crude tanker tonne-mile demand up Indian subcontinent and Far East boost measurement of shipping demand
Time for wishing and hoping is over Stop ordering and scrap now if there is to be a tanker recovery, warns report
German boxship is chartered by Maersk after MSC deal falls through Ilse Wulff fixed at similar rate as vessels over 5,000 teu still attract healthy interest
Reefer markets to rebound after record scrapping Seatrade chief predicts rates to return to $1 per cu ft per 30 days by next peak season
Blackstone secures Title XI decision Lawsuit withdrawn after US Maritime Administration pledges to end uncertainty over APT loan guarantee
Palmer finalises bulker deal with CSC Jinling Colourful Australian tycoon says he wants to enter the shipping world
Hamburg's HHLA lowers forecast as economy slows New liner schedules reduce throughput to 2011 levels
DVB severs relations with Moody's Ratings failed to reflect strong performance in international transport finance, says bank
SNCM plans $970m order for eight ro-ros STX France on shortlist for contract
Samudera improves profits in second quarter Currency swings and box sale add to rise as intra-Asia box trades show growth
IHC Merwede optimistic about Southeast Asia offshore prospects Dutch shipbuilder's offshore business supported by high oil prices
The dashed line Lack of co-ordination between government agencies in China could stoke South China Sea disputes
Containerised trade is good for the soul Welcome to the wonderful economic world of container lines
US Gulf opportunities bag $4bn deal for Seadrill Fredriksen drilling company takes advantage of strong demand
Swiber Holdings aims to raise $119m with notes offering Issuance will help fund offshore vessels specialist's recent expansion
Minoan clinches ro-pax charters with CIN Europa Palace and Olympia Palace leave for service in Italy under lengthy time charter
Free new support software for Singapore ship sale form available Asian Shipowners' Forum behind six-month offer
Iran shipyard launches long-awaited aframax Ship was part of a deal with Venezuela's PDVSA inked more than six years ago
Brunei Gas Carriers secures $83m Islamic financing State-controlled shipping line refinances LNG carrier Abadi
Costamare beats Wall Street estimates in second quarter Greece-based boxship owner arranges 100% financing for new $11.3m acquisition from KG liquidator
Seadrill unveils $4Bn, three-ship deal SEADRILL, the listed company in the centre of John Fredriksen's drilling operations, said today it has closed a $4Bn deal with a major oil company
TransAtlantic plans to lay off and reflag SWEDEN'S TransAtlantic said it plans to lay off 25 seafarers and reflag four ships to reduce its industrial shipping unit's losses
EC to investigate Malta's tonnage tax THE EC TODAY opened an inquiry into Malta's tonnage tax to investigate whether the scheme's benefits have been extended to unintended sectors
EC clears one Polish loan THE EC TODAY said that that €37.5M ($43.4M) lent by a Polish government agency to the shipbuilder Crist did not violate competition rules
APT Title XI decision expedited AFTER filing suit against the US government, APT has been promised that its loan-guarantee application will be decided by the end of next month
Costamare tops forecast NYSE-listed box ship lessor Costamare has added to its fleet through a KG insolvency acquisition and posted better results than expected
Nigerians fine Shell for spill NIGERIAN President Goodluck Jonathan has approved a $5Bn fine against Royal Dutch Shell and its local operator SNEPCO in a 2011 oil spill, IHS Global Insight reported today
Ultrapetrol shares gyrate NASDAQ-listed shares of mixed-fleet operator Ultrapetrol jumped 37% yesterday - just a day after they fell 21
Ottawa OKs Prince Rupert corridor funding CANADA'S government has awarded C$15M ($14.73M) to Prince Rupert's port to help fund a C$90M rail corridor to nearby Ridley Island
China's coal imports rise CHINA's imports of coking and steam coal were up year on year in June, but the month on month figures diverged
Swiber seeks to issue $119M in notes SINGAPORE'S Swiber Holdings said it plans to issue up to S$150M ($119M) in fixed-rate notes to pay debts
Drybulk congestion rises DRYBULK port congestion has worsened since the derailment on a feeder line to Australia's Hay Point and Dalrymple Bay
Japan's LNG imports outstrip crude cargoes JAPAN'S LNG imports are growing faster than its crude imports, which have slowed year on year in the past three months
MISC nears clean-out of its box ships MALAYSIAN carrier MISC has now sold or scrapped almost its entire box ship fleet since it exited the container business in November 2011
Singapore offers free form op THE ASIAN Shipowners' Forum and maritime software developer SD Software Developers are offering six months of free use of a programme to edit the Singapore Ship Sale Form
STB Plans to Ensure Captive Shippers Can Challenge Rates The Surface Transportation Board wants to change rules to ensure all captive shippers have a "meaningful way" to challenge railroad...
Long Beach Commissioners Approve Contract to Replace Aging Bridge The Long Beach Board of Harbor Commissioners approved a $649.5 million contract with a joint-venture team to design and build...
Steel Imports Dipped 4.2 Percent in June U.S. steel imports declined 4.2 percent in June, the first year-over-year decline in 2012, as demand softened and buyers slowed...
Container Volumes Rise at Port of Tacoma June was a strong month at the Port of Tacoma, with container volumes increasing almost 10 percent compared to June...
Bill Would Restore US-Flag Cargo Preference Cuts A bipartisan House bill introduced on Wednesday would restore the share of federal food aid required to be transported by...
Evergreen Takes Delivery of First L-Type Container Ship Evergreen Line took delivery of its first L-type container ship, the Ever Lambent, which has a capacity of 8,452 20-foot-equivalent...
Higher Transport Costs Hamper C.H. Robinson C.H. Robinson Worldwide was stuck between a truck and a hard place in the second quarter, with net trucking revenue...
RailAmerica Profit Up 28.7 Percent on Volume Gain RailAmerica, a short-line and regional holding company subject to an acquisition by Genesee & Wyoming, saw its profit jump 28.7...
FMC Votes 3-2 for Report Critical of Canada The Federal Maritime Commission voted 3-2 to adopt a report said to be critical of Canadian actions to encourage diversion...
Truck Tonnage Rose 1.2 Percent in June The U.S. economy is slowing, but more freight hit the highways in June, as truck tonnage increased 1.2 percent from...
ATA Opens Court Battle Over Driver Work Rules The latest truck driver hours of service rule is not only arbitrary and capricious, but unwarranted, the American Trucking Associations...
CP Blames Strike, Management Costs for 20 Percent Profit Drop Canadian Pacific Railway blamed a nine-day strike and costs accrued from a management shakeup for a nearly 20 percent drop...
CN Profit Up 17.3 Percent on Intermodal Growth, CP Strike A 13 percent jump in intermodal volume and a nine-day strike at its main rival drove Canadian National Railway's profit...
Barcelona's Container Volume Dropped 20 Percent in First Half of 2012 The volume of containers handled by the Port of Barcelona declined by 20 percent in the first six months of...
MSC to Raise Rates from US to Australia, New Zealand Mediterranean Shipping Co. notified its customers that it will implement a general rate increase on all cargo moving from the...
Liner Discipline Holding, But New Capacity Threat Looms The maintenance of capacity discipline is enabling container lines to enforce most of the rate hikes introduced since March, claims...
Japanese Exports to US Surge 15.1 Percent Japan's exports to the United States rose for the eighth consecutive month in June on a year-on-year basis, jumping 15.1...
Maersk to Upgrade Rumba Service Maersk Line is upgrading the port rotation of its Rumba Service between South America, the Mediterranean, the Middle East and...
Misdeclared and misdirected Once again dramatic pictures of a fire-stricken containership remind us of the single flaw in Malcom McLean's concept that has revolutionised world trade in the ...
APM T committed to 'competitive fairness' in Virginia deal The Hague-based APM Terminals (APM T) has made several revisions to its proposal to the Virginia Port Authority (VPA) to take over the operations of cargo-handling ...
TCB Buen's capacity to hit 600,000TEU Barcelona-based Grup TCB is to invest over USD80 million and in the process almost double the container-handling capacity of its terminal in Buenaventura, Colombia.The ...
'Significant losses' in Beijing floods Last weekend's floods in Beijing - caused by the heaviest rainfall in more than 60-years - are thought to have resulted in 'significant losses' much worse than ...
Moody's maintains its credit rating on CMHI Moody's Investors Service has maintained its Baa2 issuer rating and Baa2 rating of USD senior notes at the Hong Kong-listed China Merchants Holdings International ...
IMF: eurozone crisis a 'key risk' to China According to the International Monetary Fund [IMF] the escalating malaise in the single currency states of the European Union, which looks likely to result in a ...
TMEA targets 15% time saving in East Africa border transits Nairobi-based Trade Mark East Africa (TMEA), a donor-funded organisation set up to help East African Community (EAC) member states unlock their wealth through economic/social ...
MSC Flaminia: three days to final destination At a towed speed of 5 knots, and in good weather, the 10 degree-listing still-smouldering MSC Flaminia could take more than 60 hours to reach ...
Mina Qaboos sees box count rise The number of containers handled at the Omani port of Mina Qaboos rose in the first six months of 2012 and this despite the government's plans to shift cargo-handling ...
Citi boosts duo Citi has placed a buy tag on two of Asia's largest container lines.
HHI running behind South Korea's Hyundai Heavy Industries (HHI) has seen new orders drop 52% in the first half of 2012.
Cammell cull? Up to 230 jobs may be axed as contracts end at UK shiprepairer Cammell Laird.
Offshore sales spike Falling asset prices and tightening bank financing may be keeping a lid on sale and purchase activity in the mainstream shipping world - but in offshore activity is on the rise.
China going hungry Up to 90% of China's shipyards have not won a newbuilding order this year.
Maersk Line calls a halt Denmark's Maersk Line is suspending a Thai feeder service due to market weakness.
Seadrill strikes record Offshore driller's shares hit new high-water market after 'amazing' contract win.
SNCM eyes ro-pax splash France's SNCM is lining up an order for eight new ro-pax ships.
Nasco chops bulker Nasco has weighed in another of its 1980s built bulkers.
Deutschland squeezes in A Peter Deilman cruiseship has arrived for the London Olympics - with only inches to spare.
Tycoon versus magnet Salvors on Christmas Island are using a giant magnet to hoover up all traces of a wrecked cargoship.
UOB hikes box sector Hope long-term profitability is now in sight has led UOB Kay Hian to upgrade its view on the container shipping sector.
Crewman dies in fall A seafarer has died after plunging from a ladder on a Zodiac Maritime capesize in Durban, South Africa.
DVB cans Moody's DVB Bank has cut ties with Moody's amid complaints other ratings heavyweights had a far healthier view of the German lender.
Dae San saved A leaking North Korean cargoship has been safely brought into Oman by tugs.
Hat-trick for Big John John Fredriksen's Seadrill has bagged a lucrative charter pact for three of its vessels.
Palmer orders bulk quartet Australian mining tycoon Clive Palmer has clinched an order for four bulkers in China.
Fire under control Salvor Smit has brought the blaze on board MSC Flaminia under control, but has still not been able to check containers on board.
Finally! Celebrations were in full swing at Iranian shipbuilder Iran Marine Industries Co (IMICO) on Tuesday as the first of three aframax tankers it is building for Venezuela's PDVSA was floated out of its building dock.
Transnet oversubscribed Transnet, South Africa's state-owned port & rail operator has raised $1 billion through a 10-year bond issue in the United States.
Brunei Gas Carriers refinances Abadi Brunei Gas Carriers has lined up an $83 million refinancing package for its 135,000-cbm LNG carrier Abadi (built 2002) with Bank Islam Brunei Darussalam Berhad.
CaroTrans starts Seattle-Japan LCL service The NVO and ocean freight consolidator CaroTrans has started a new direct LCL service from Seattle to Tokyo, partnered by Japanese NVO Seino Logix, with a 13-day transit to Tokyo, 14 days to Yokohama and no transhipment via Busan.
Faltering textile trades dampening global economy
CMA's ANZEX loop adds Maersk Maersk Line is joining the recently launched seven-ship Asia-New Zealand ANZEX loop provided jointly by CMA CGM (five ships) and OOCL (two-ships), marketing space between all the ANZEX ports served in China, Korea and New Zealand.
Fujairah sees softer market Suez remains out of fuel while bunker prices in South African ports start to climb.
Prices lack direction in North West European ports Outlook uncertain in most European ports as demand waned.
Ferry operator might choose gas SNCM could go down the LNG bunker route as it gets ready to place a substantial order for new ships.
Wartsila's LNG design powers ahead Wartsila order features energy-saving systems for platform support vessels.
Mid-week IFO prices largely down at Asian bunker hubs Demand for bunker fuels below average at key Asian ports on Wednesday.
WFS sues third party over alleged off-spec bunkers Files complaint against Westport Petroleum in relation to a case pursued by Malaysian shipping firm MISC.
Bunker surcharges boost Samudera's bottom line Higher box liftings and gains from asset sales also helped lift profits.
Marine insurer notes non-enforcement of ECA in Canada Canadian authorities have 'no means of enforcing' low sulphur fuel use for the time being, says Gard.
First LNG cruise/ferry engine order confirmed Emissions from LNG-based engines already within limits of IMO Tier III standards.
Northern Sea Route expecting sales growth Lukoil-Bunker expects more vessels to use the Northern Sea Route this year.
Cardiff firm takes delivery of fuel-efficient bulker The 35,000 dwt vessel built with frequency-controlled seawater cooling pumps which reduce power consumption by 70%.
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