Outlook dims for product tankers shipping cargoes to US east coast Need for imported refined oil products has fallen along with tonne-mile demand
One door closes, another opens Fewer imports into the US east coast but roaring trade builds from US Gulf to South America
US product consumption and imports at record lows April import figures lowest since 1985
LNG demand from importers is on the rise Figures provide owners with positive outlook but source of fuel is key to future
Offshore shipping to favour cheap labour, warns recruiter Boom in offshore leads to rush for crew
Gas shipping leaves coal rival in its wake New deliveries could hasten end of capesize spot market
BP leaves the Arctic for others With or without BP, the Arctic will be drilled and needs shipping
Supramaxes have lost 10 Indonesia ore cargoes a month since export ban New regulation has seen nickel ore and bauxite trade disappear since May
Aframax tonnage surplus may not be as bad as expected this year Clarksons reduces difference between supply and demand from 7m dwt to 5m dwt
NITC repositions suezmax for Mediterranean shipments After an Iran-Turkey run, Blossom has now completed a Sidi Kerir-Turkey trip
Only 50 armed guards firms have UK government licences Security companies' association has 167 members of which 80 are UK-based, raising concern over PMSCs operating outside the law
Costamare enlists bank support for KG bargain hunt Surprise at 100% finance deal for feedership
Opportunities arise for product tankers after UK refinery closure The closure of the Coryton refinery is expected to boost the number of gasoil cargoes heading from the US
Navios Partners splashes $41m on two more bulkers Acquisitions are with renewal in mind says owner after 24% increase in net income
BG Group buoyed by LNG shipping success Division sees profits rise 13% in the second quarter compared to 2011
CSA warns of West African piracy Chinese industry group urges shipping lines to be more cautious after spike in attacks
HPH Trust reports 6% fall in profits in first half Throughput was up 5% on healthier trades with emerging markets
Kirby profits beat street expectations Jones Act barge and diesel engine company delivers good news one month after massive cut in guidance
CMHI unit sees intra-Asia trade support Shenzhen box volumes Emerging markets will provide opportunities for future growth, says Shekou Container Terminals
Wilhelmshaven terminal opening delayed Repair work to quay is completed but full port operation postponed by two months
A boatload from Cuba A resourceful Miami owner isn't waiting for the US to stop nursing its grudge
One dead, four missing in MISC tanker fire at Labuan port Firefighters still fighting blaze on Bunga Alpinia
Shell's lower LNG sales raise concerns over reliability of export projects Second quarter results from energy giant surprise analysts
Auerbach Schifffahrt snaps up KG vessel at auction Beluga Flirtation is third in fleet and will be renamed Maple Lea
China sees strong yet slowing expansion in coastal bulker capacity Port throughput also grows at slower pace
Vale ups Chinese ore sales BRAZILIAN iron ore miner Vale has reported sliding profits despite increasing long-haul shipments to China
Asian steel production defies global flatline STEEL production by major Asian producers continued to climb in June, even as world steel output flatlined on declining European and US production
Star Bulk plots reverse split STAR BULK is the latest public shipping company confirming plans for a reverse split to fend off a potential delisting
Heat foils Flaminia checks SALVORS are still waiting for conditions to improve aboard the smouldering box ship MSC Flaminia so they can inspect its containers, its ship manager said today
Glowing Canada/China export prospects seen A RISE in exports of uranium from Canada to China will result from the 19 July signing of a supplementary protocol to the existing Canada-China Nuclear Co-operation Agreement
Three charged in deadly sinking A CAPSIZED ferry's owner, master and operating manager have reportedly been charged in Zanzibar with manslaughter
Schenker posts strong ocean freight gains GERMAN forwarding group DB Schenker Logistics posted strong H1 volume growth in ocean freight today
Navios reveals S&P moves ANGELIKI Frangou-led Navios Partners today confirmed its first-ever secondhand bulker acquisitions and an increase in quarterly profits
Irano Hind's fleet split THE STRUGGLE to sign up charterers, given UN sanctions against Iran, was behind Irano Hind Shipping's shutdown, SCI's boss told Fairplay today
Stena LNG slams on brakes STENA LNG told Fairplay today it has decided to delay both a floatation of its shares and an order for two LNG carriers
Panamax pace slows PANAMAX bulkers have had a slow week, as the South American grain season fades away and Chinese steam coal demand remains weak
VLCC owners resist VLCC owners' resistance to loss-making rates has resulted in a small gain in rates
SNCM to spend up to $1Bn on newbuildings FRENCH Mediterranean ferry operator SNCM told Fairplay it plans to spend €800-850M (up to $1.04Bn) on eight ro-pax newbuildings over the next six years
87% fall in profits predicted for Precious PRECIOUS Shipping's 2Q12 net profits are expected to plunge almost 87% year on year to 53.05M baht ($1.68M), PhillipCapital warned today
TAS Offshore's profits rocket up by 190% MALAYSIAN shipbuilder TAS Offshore said profits for its fiscal year rose 190% to 11.3M ringgit ($3.6M)
US Intermodal Volume Rises 6.2 Percent Intermodal shipments on major U.S. railroads in the week ending July 21 rose 6.2 percent year-over-year but were flat from...
Asia-Europe Spot Rates Slip Again Spot rates in the Asia-Europe trade weakened again this week - the third consecutive week of decline - despite carrier...
Profit, Volume, Revenue Grow at Samudera Shipping Intra-Asia container operator Samudera Shipping Line reported increased container volume, revenue and profit for the second quarter. The Singapore-listed...
Singapore Airlines Back in the Black Singapore Airlines returned to profit in the last quarter, but warned the cargo outlook remains poor. After booking a...
MNX Names Lee to Asia Pacific Post As part of its ambitious global expansion plan, MNX has appointed Florence Lee to its Asia Pacific leadership team. ...
Stricken MSC Flaminia Nears UK Coast Firefighters planned to reboard the MSC Flaminia to attack remaining fires as the stricken container ship moved within 170 nautical...
Hyundai Motor Downgrades Sales Forecast Hyundai Motor lowered its global forecast for automobile sales this year because of the worsening outlook for demand in Europe...
Bunker prices also confused Rotterdam-sourced IFO 380 inched up another USD2 per tonne in trading today to USD598, after small gains in the two preceding days in the wake of a USD25 crash ...
US trucks in upward blip The American Truck Association's [ATA] seasonally adjusted for-hire truck tonnage index advanced by 1% in June after falling back a revised 0.7% the month before, ...
Evergreen christens first 'L-type' box ship
UK prepares to host the 'recessionary games' Ahead of the 2012 London Olympics, which are expected to give a spending boost kick-start to the UK economy, official figures show that the recession deepened in ...
Union Pacific 'best ever' Q2 results US rail company Union Pacific (UP) has reported 'best ever' Q2 results - and said that intermodal freight revenue was up 10% year-on-year on the back 846 containers ...
Barcelona's box blues The number of containers handled at the port of Barcelona in H1 12 fell by 20% to 849,973TEU as sharp falls in its import (-14%) and transhipment traffic (down ...
MSC tops LLI 'inactive' list
Messina orders four more conros Genoa-based Ignazio Messina & Co is behind the order for 4 x 3,000TEU-class container/ro-ro ships placed at the South Korean shipyard, STX Offshore & ...
Sanko sheds two more Bankrupt Sanko Steamship has continued to cash in its fleet of offshore support vessels.
Maersk Zealand Denmark's Maersk Line is launching a new run from Asia to Auckland.
Classic takes cape brace George Economou's Classic Maritime has added two capesize bulkers to its roster.
D'Amico back at Mipo D'Amico International Shipping (DIS) is heading back to South Korea for two new handysize tankers.
Royal turns red Royal Caribbean Cruises slumped into the red in the second quarter as the fallout from the Costa Concordia tragedy continued to harm its performance.
Finnlines cuts loss Finnish ro-ro owner Finnlines has posted a narrow loss for the first half as revenues improved.
Flaminia heads to UK The badly damaged containership MSC Flaminia is heading for waters off the UK where the first detailed assessment of damage to the vessel will be undertaken.
Stella stuck A Ukrainian cargoship has suffered a small amount of water ingress in a grounding off Greece.
Clarksons charts Scorpio Clarksons Capital has backed Scorpio Tankers to keep on growing in the face of a looming second quarter loss.
Crist in the clear A Polish state loan to shipbuilder Crist was not illegal aid, the European Commission (EC) has ruled.
FSL still in hunt First Ship Lease Trust has pledged to climb back on the acquisition trail despite a second quarter loss.
Odysea fined over dumping Greece's Odysea Carriers has been fined $1.2m in the US after admitting illegally discharging oil from a bulker.
Sasebo into the red Japanese shipbuilder Sasebo Heavy Industries has fallen to a loss in the first quarter - and there is worse to come.
MR de-motivator Owners wading into the MR tanker segment could end up disappointed, a leading Greek broker says.
PGS raises sights Oslo-listed offshore owner lifts its 2012 profit forecast after better second quarter.
Maersk in box blast An investigation has begun into an explosion that blew the top off a box on board a Maersk containership.
Five missing in fire One man has died and four other crew are still unaccounted for after a huge fire tore through a MISC chemical tanker in Malaysia.
Kirby ups profits Kirby Corp, the US's largest inland tank barge operator saw its second quarter 2012 net income climb to $47.6m, or $0.85 per share, compared with $41.7m, or $0.77 per share, a year earlier.
Stolt Valor to be scrapped Stolt-Nielsen has decided to scrap a chemical tanker damaged by an explosion in March.
ISC profits tumble Bad bulk markets and less military work saw US owner International Shipholding Corporation's profits take a dip in its second financial quarter.
BGC secures funding Brunei Gas Carriers has lined up $170 million in Islamic financing to fund an LNG carrier it has on order at Hyundai Heavy Industries.
Evergreen warns of fraudulent agent in China Container line comes across a counterfeit email from entity advertising itself as agency representative in China, emphasizing to its customers that its China representative is Master International Shipping Agency
Francisco Partners finalize acquisition of Kewill
Canadian Railroads with mixed results in Q2 Canadian National capitalizes on labor disruption at its competitor Canadian Pacific during May to post 17 percent profit increase in second quarter, with seven commodities recording double digit growth
UPS names former Fed governor to board
SP Express adds textile-focused services
FMC to release report on Canadian/Mexican cargo "diversion"
Market firm in Fujairah Fujairah's bunker market regains some upward momentum while South African ports see some big falls.
Wartsila ahead in expanding LNG market 'We are extremely confident about the positive developments of LNG bunkering infrastructure around the globe,' Bunkerworld is told.
Market firm in North West Europe A tale of two markets as prices climb in northern Europe but fall across the southern ports.
Rolls-Royce receives patent for 'mixed propulsion system' Mixed propulsion system will be able to use LNG and 'bunkered diesel fuel', among other products.
Fuel stocks creep up to two-week high Fuel oil volumes build while distillates fall back on refinery maintenance.
Greek owner fined for pollution US court hands out $1.3 million fine for covering up oily waste discharges.
Call for new port to 'by-pass' Hormuz Habshan-Fujairah pipeline shows that there is an alternative to the Strait of Hormuz.
Key Asian ports see rise in IFO prices Supplies of bunker fuels were largely fine at major Asian ports on Thursday.
Evergreen receives first fuel-efficient L-type containership The Ever Lambent, part of a series of 20 vessels, is designed to reduce fuel consumption and carbon emissions.
Chinese shipyard to build 'Clean Ship' PSVs The PSVs will feature a 'world leading standard' for vessel operations, says Sinopacific.
Profit booster for US barge operator Strong inland tank barge utilisation for Kirby's maritime segment bolsters second quarter earnings.
Refinery closure squeezes Japanese supplies Temporary closure of JX Nippon's Mizushima refinery will impact bunker supplies.
Caltex plans closure of Australian refinery Set to curb refining losses by converting Kurnell Refinery in Sydney into a major transport fuel import terminal.
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