Japanese shipowners dominate sale and purchase market With the Japanese out in force in the secondhand market, accounting for more than one-fifth of all sales this year, how is this affecting the S&P sector?
Security on the cheap The UK's public row over the shortage of guards for the Olympics is reminiscent of the piracy debate over governments that refuse to spend money
West African suezmaxes find a floor to falling rates at last Owners show resistance despite declining US crude demand and more use of VLCCs
East Africa needs additional container capacity APM Terminals in talks with Tanzanian government to build and operate new box terminal at Dar es Salaam
Grindrod to invest $1.2bn in ports over three years Part of the money will go to expanding Maputo's coal terminal capacity from 6m to 30m tonnes by 2015
Iron ore price crash poised to boost Chinese imports China's less efficient mines will be unable to compete with foreign producers after price per tonne falls to two-year low
Australian capesize rates fall to lowest level in over a year West Australia to China trips earning only $6.341 per tonne
Minoan to turn up heat on Hellenic Seaways management Grimaldi Group fails to unseat Vardinoyannis in argumentative AGM
Coup for Germanischer Lloyd with contract to class Evergreen newbuildings Taiwan line also gives vote of confidence to UK with 10 ships to be added to British register
European Minibulk moves nine of its small bulkers into lay-up Majority of German rescue scheme's laid-up ships come from Reederei Wessels
Asian shipmanagers see growing repossession business EXCLUSIVE: Hong Kong's Wallem now trading 26 vessels for banks
Chinese yard strikes groundbreaking deal for LNG carrier newbuildings Partnership between Nantong yard and Cambridge Energy marks important move away from Japanese and Korean dominance
Owners and charterers decide now is the time to fix longer-term VLCC charters Some 13 period deals struck already this year
Up in arms In the absence of an internationally recognised standard, myriad due diligence, accreditation and methods of standardisation have sprung up
Order cancellations spike at Chinese yards China's shipbuilders see more orders cancelled in January-June compared to the whole of 2011, industry data shows
Europe and Costa Concordia send Royal Caribbean crashing to second quarter loss Cruise major slashes annual profits guidance in an 'interesting year'
Revealed: the bank behind Costamare's 100% financing deal Hypovereinsbank emerges as the lender that enabled the Stadt Lübeck purchase
Softly softly 'Informal repossessions' are the way to handle shipowners who cannot meet repayments
Maritime security firms hope ISO meeting will accelerate regulation Firms want particular guidance on port states
Orders famine spreads to China's inland waterfront builders Biggest privately owned yard in Chongqing, the stronghold of Yangtze River water transport, has received no orders since last year
Costs mount for wind turbine installation newbuildings Fledgling newbuilding market wobbles as Lamprell struggles with costs
Precious Shipping in big profit drop in second quarter Costs rise, but Thai dry bulk operator stays in the black
CNOOC unit loses $32m offshore vessel during typhoon Hai Yang Shi You 699 sinks near Hong Kong's Po Toi Island
D'Amico books two 40,000 dwt tankers Deal done with South Korea's Hyundai Mipo Dockyard at $30.7m each
Sixth Vinalines official arrested Charges centre on alleged mismanagement
Search for missing seafarers to start on Bunga Alpinia Two bodies recovered in water as fire is extinguished and rescue team assesses safety to inspect the ship
FMC gives all-clear to Canadian and Mexican ports Carriers and shippers moving US-bound cargo via ports across the border not breaking any rules, says Washington agency
FMC releases harbour tax study A study unveiled today by the Federal Maritime Commission suggests that eliminating or changing the way the Harbour Maintenance Tax is levied would benefit US West Coast ports
Finnlines predicts volatile rest of year after better 2Q FINNLINES expects the rest of the year to be volatile after increasing its 2Q12 profit
Precious profits down 97% PRECIOUS Shipping said 2Q12 profits fell 97% to 13.14M baht ($0.42M) from 402M bhat ($12.74M) y/y primarily due to lower earnings and higher operating expenses
Foreign investors barred at Taman Port THE Russian government's port authority, Rosmorport, has decided to exclude foreign investors from taking shareholdings in the new Taman port, to be built on the Black Sea
HPH Trust sees 60% growth in 1H profits SINGAPORE-listed Hutchison Port Holdings Trust said its net profits rose by 60% to HK$1.0Bn ($129M) during the first half of the year from HK$654M in 2011
Know you shipper to avoid excess loads CONTAINERS weighing more than has been declared remain a problem five decades after the container shipping industry became established, notes the TT Club in a newsletter today
VLCC owners paying charterers to hire ships FOR three consecutive weeks, VLCC owners have been offering their ships for free as charterers continue to work their August stems at discounted rates
South Korean vehicle exports to see lower growth SOUTH Korean vehicle exports are expected to grow 4.7% in 2012, down from the 14% growth last year, said the Korea Automobile Manufacturers Association
First post-sanctions Iranian crude shipments ASIAN buyers of Iranian crude have imported their first batches of Iranian crude since EU sanctions were introduced on 1 July
Losses looming for China's yards CHINESE yards received 50% fewer orders during the first six months of this year compared with the same period of 2011, the China Association of the National Shipbuilding Industry said today
YRC Worldwide Taps Handheld Trucking Technology James Welch is moving into his second year as CEO of YRC Worldwide with plans to use technology to optimize...
Truckload Capacity Index Reflects Slowing Economy The Journal of Commerce Truckload Capacity Index rose 0.3 percentage points to 84.4 in the second quarter, as a slower...
Nippon Express Opens Office in Myanmar Nippon Express Co., Japan's largest international freight forwarder, said on Friday that it has set up a representative office in...
USA Truck Reports $3.5 Million Loss Struggling truckload carrier USA Truck suffered a second-quarter net loss of $3.5 million, as revenue dropped 6.8 percent year-over-year to...
Congressman Says FMC Shows 'Invisible Blockade' Rep. Rick Larsen, D-Wash., said a controversial Federal Maritime Commission report shows that the U.S. harbor maintenance tax means "Pacific...
Divided FMC Issues Canada Port Report A divided Federal Maritime Commission issued a report saying the Harbor Maintenance Tax is among factors encouraging U.S.-bound imports through...
Shipping Rate, Surcharge Update for Week of July 23-27 Maersk Line will raise its rates on services from the Indian subcontinent to the U.S. and Canada, starting Aug. 15....
Consumers Slow GDP Growth to 1.5 Percent U.S. economic growth slowed to 1.5 percent in the second quarter as consumers cut back on spending, the Commerce Department...
Eurozone Crisis Brings Turbulence to Trans-Atlantic Just when it looked like nothing could stop the U.S. export juggernaut, some of the nation's largest manufacturers and trans-Atlantic...
MSC Wears the Crown in US-Europe Trade It was a clean sweep for Mediterranean Shipping Co. in the U.S. global containerized trade moving to and from European...
Commentary: Ocean Carriers' Fear Factor Last week's Journal of Commerce cover story ("Ocean Carriers' New Pricing Power") made an observation that hasn't been lost on...
Commentary: Port Projects Fast-Tracked, Finally Let's give credit where credit is due. With the stroke of a pen, President Obama on July 18 signed an...
Cargo Volume Growth Slows for China's Ports China's ports saw growth slow in the first half of the year as European import demand softened. The...
OPDR to adjust its Europe/Spain-Morocco-Canary Island services Hamburg based Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) is to make adjustments to its northern Europe/Casablanca (Morocco - CASA) and northern Europe/Canary ...
Tacoma exports on the up The Pacific Northwest Port of Tacoma has had a strong H1 in box imports - they soared by over 13% compared to the first six months of last year - but in contrast ...
FMC's cargo diversion study released today The Federal Maritime Commission's (FMC) hotly anticipated report in to whether ports in Canada and Mexico are taking cargo away from US terminals is to ...
New highway enhances Tampico-Manzanillo corridor Mexico's current five year (2007-12) national infrastructure programme which aims to improve transport connections between its main cities, including the ports, ...
Nigeria's Jonathan replaces NPA officials Yesterday saw Nigeria's president, Goodluck Jonathan, make sweeping changes across several of the nation's transport parastatals, including the Nigerian Ports Authority ...
CN thrives on CP strike Second quarter results for Canadian National [CN] and Canadian Pacific [CP] railroads were impacted by a nine-day strike at the latter, which obviously favoured ...
Sun not setting on solar panel war Chinese solar panel manufacturers have called upon the Beijing government to urgently open up a dialogue with EU officials over anti-dumping restrictions that could ...
AfDB supports CFTA Donald Kaberuka, president of the African Development Bank (AfDB), has said that his organisation is committed to helping African nations improve their physical ...
Slightly better for Seacor A slip in revenue did not stand in the way of an improved second quarter profit at Seacor Holdings.
Star and JFC friends again A settlement of a long running dispute between Star Reefers and Russian charterer JFC has given a boost to the finances of Oslo listed Siem Shipping Inc.
Mercator net shrinks Singapore-listed bulker owner books a smaller profit for the first quarter.
Diana hit again Diana Shipping looks to have found a fresh period deal for one of its panamax bulkers.
Thinking positively We take a look at what was said in the market over the last week.
Cosco in profit warning China Cosco Holdings has braced investors for a huge first half loss.
Three in line to lead Sovcomflot's long-anticipated IPO moved a fraction closer today as Moscow revealed a string of top banks are being teed up to lead the float.
Crisis hits All Leisure Fallout from the Costa Concordia crash and a weak European economy sent All Leisure Group to a deeper first half loss.
Bleak market hits Star The chronic troubles of the reefer market led to only a marginal profit for Oslo listed Siem Shipping Inc better known for its trading name of Star Reefers.
Clock ticking for Sanko Court gives bankrupt Japanese owner six months to crawl out of the financial quagmire.
Precious profit falls Lower rates and spiralling costs have helped drag down second quarter profit at bulker owner Precious Shipping.
Sinochart spreads threat A Chinese charterer facing a $178m claim from Norway's Gard insurance group for sending a capesize bulker to an allegedly unsafe port has won the right to bring a Japanese sub-charterer into the action.
Bodies found The bodies of two of the four seafarers who have been missing since fire broke out on MISC's 38,000-dwt chemical tanker Bunga Alpinia (built 2010) yesterday were found this afternoon.
Stolt in UK first Stolt-Nielsen has expanded its terminal business after buying its first facility in the UK.
China slows down Further signs that China's economic growth is slowing down emerged this week as officials revealed that cargo volumes in the country's ports grew less during the first half of this year.
Navios profit up Drybulk bulk shipper Navios Maritime Partners' has posted a net income of $33.6m for the first half of its 2012 financial year, a significant improvement over the $30.1m earned during the first half of 2011.
Bunga blaze extinguished MISC Berhad officials say the fire on board the 38,000-dwt chemical tanker Bunga Alpinia (built 2010) is now out, but there is still no sign of four crew missing members.
Global bunker market trends lower in calm trading week Prices fell slightly across all grades throughout the week Bunkerworld data shows.
Bunker prices end week uncertain Trading was heavy on the US Gulf, according to a local player.
Royal Carribean reports Q2 loss Bunker pricing net of hedging for the second quarter was $699 pmt and consumption was 340,000 metric tonnes.
Coast Guard responding to fuel spill off Oregon coast The Coast Guard has determined the fuel sheen to be rapidly dispersing and non-recoverable.
Rotterdam unveils shore power systems for sea-going vessels Alternative Maritime Power systems enable vessels to switch off engines while docked and connect to shore side electricity to power services such as lighting, heating and food preparation.
North American ECA will not affect Alaskan ferry operations "Finally a regulation comes along and you say 'That was easy,'" says marine operations deputy commissioner,"let's move on to the next problem."
ECA countdown: 'Race continues' for LSFO Advise to 'bring your enquiries early' as 1.00% product supply remains restricted, though LSFO premiums are coming down in some markets.
Shipowners making green shipping a reality Innovation is making more efficient ships a realistic proposition.
IFO prices continue firming in Fujairah Suez stays out of product while prices pick up in Fujairah.
Week closes on firm trend across European market Bunker prices stay on upward curve although players in Rotterdam hold differing views on direction.
Deteriorating sulphur compliance bad omen for 2015 Data shows multiple breaches of EU sulphur regulation and upward creep in average MGO sulphur content ahead of 2015 ECA requirement.
Debt-laden shipowner seeks liquidation to avoid bankrupty Second Italian shipowner teeters on brink as authorities seize ships.
Trade fair tackles green shipping Hamburg's SMM to host dedicated conference on shipping and the environment.
Week ends with bunker price rising at key Asian ports Supplies of bunker fuels fine at key Asian ports on Friday.
Singapore non-payment row back in court Golden Star Marine seeking claims from bunker supplier for alleged non-payment of bunkers.
Strait of Hormuz fears rise on military build-up Iranian anti-ship missiles pose threat to US warships.
Japan to see lower bunker output in August Suspension of operations at JX Nippon's Mizushima refinery to impact supplies, local traders say.
Italian shipowner orders 'eco' tankers The two double-hulled newbuildings belonged to a new generation of vessels with lower fuel consumption, says d'Amico.
Chemical tanker catches fire at Petronas facility MISC vessel reportedly carrying some 1,000 mt of fuel at the time of the incident.
Lukoil expands Russian bunkering operations With the arrival of 6,988 dwt newbuild bunker tanker Nimbus SPb.
MSC to impose new low sulphur surcharge Surcharge on shipments to US ports expected to cover costs related to compliance with North American ECA regulations.
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