Asian players move into ship leasing Opportunities and challenges both exist for lessors
The firebrand who is ready to listen ITF president Paddy Crumlin's image is that of a champion of workers' rights, but he is willing to engage with those ready to talk
Maersk in drive to persuade owners to use its fuel-efficiency systems Danish line unveils performance-monitoring programmes to assess chartered-in tonnage
Ro-ro owners seek closer dialogue with scrubber makers After years of distrust over exhaust-cleaning systems' performance and cost claims, shipowners seek talks as 2015 deadline looms
Nobu Su given days to respond to contempt case Taiwan-based owner faces threat of jail in NewLead charter dispute
Shipowners budget for 3% opcost hikes for both 2012 and 2013 Lubes most likely to increase significantly, Moore Stephens survey finds
Adopt the brace position How does Moore Stephens' predicted 3% rise in prices relate to economic theories?
Marshall Islands flag fleet tops 85m gt in September Registered tonnage volume rises almost 14%
Scorpio bunker consumption figures strengthen case for eco-design vessels Newbuilds offer fuel savings of up to nine tonnes a day laden, tanker firm says
US propane exports boost LPG shipping Cargoes needed amid concern about global supply growth
Employing unarmed security teams has 'no benefit' New York Star attack could have been avoided, claims former guard
Shale gas will boost LNG shipping IEA says rise of unconventional gas triggers shift in global trade
Scorpio Tankers banks on fuel savings Lauro optimistic despite deeper third-quarter loss
Tankers boost Pakistan breakers Reports show three large vessels sold to buyers, ending weeks of inactivity
Eitzen Maritime Services presses ahead with refinancing Name-change sees company distance itself from troubled past
Evergreen Marine posts third-quarter recovery Taiwanese container operator recovers from losses incurred earlier in the year
DSME to merge energy subsidiary by year-end Move aims to boost efficiency for South Korean shipbuilder
US shuts up shop as it waits for Hurricane Sandy to make landfall New York Stock Exchange shut down as ports and cruise firms brace for 'frankenstorm'
More carrot, less stick Brussels must to more to help shipowners to meet low-sulphur regulations
Brussels approves sulphur directive Commission urged to support work on alternative compliance methods
Third-quarter result sees FSL Trust post a loss Figures reflect exposure of Singapore-listed lessor to Berlian Laju Tanker and Torm
P&I Club warns of liquefaction risk to Sierra Leone iron ore cargoes Safety compromised as moisture content exceeds transportable limits
Wanted: maritime apprenticeships Officers are 'sponsored' for training, rather than employed, and that must change
Omega goes on the offensive in Chapter 11 row Company browbeats lenders with dormant US sanctions and Greek lawsuit
CSBC's nine-month net profit plunges 62% Weak margins and limited orders hurt Taiwan-based shipbuilder
Beluga faces arms investigation, alleges German TV Stolberg denies claims that bankrupt heavylift firm carried weapons to DRC and Burma
Ningbo increases its third-quarter profit China's number three port benefits from transfer of land use right
Nanjing Tanker on course for third consecutive annual loss Barring last-ditch rescue bid, firm faces suspension from Shanghai Stock Exchange
Dolphin signs rig contract worth nearly $1.1Bn FRED OLSEN Energy of Norway said today its Dolphin Drilling unit has signed a five-year contract worth nearly $1.1Bn to employ a semisubmersible drilling rig being built in South Korea
Omega fights back BANKRUPT Omega Navigation Enterprises is seeking a protective ruling following lender HSH's withdrawal of support for cash-collateral disbursements
FSL Trust posts 3Q losses FIRST Ship Lease Trust said today it ran up $186,000 in losses in 3Q12, reversing $152,000 in profits year on year
Will Rena stay on reef? DIANA Shipping and its insurer Swedish Club might be looking at a bill for a final bill for NZ$104M ($85.26M) in the Rena disaster
Drybulkers seen nearing turning point THE DRYBULK market that has endured its weakest three quarters for more than 25 years is nearing a turning point, shipping analysts predicted
Asia/Europe box rates rise ASIA/Europe and Asia/Med rates appeared today to reflect some of the rate increases carriers are seeking as of 1 November
Mystery gold ship vanishes in snow gales A GOLD-laden ship is missing today in Russia's Sea of Okhotsk
NOL to issue bonds NOL SAID it plans today to offer a bond under its $1.5Bn euro medium-term note programme
OSV builder Nam Cheong to double profits MALAYSIA'S OSV builder Nam Cheong said today it would be doubling net profits over the next two years because of its build-to-stock business model
Three seafarers rescued in Chinese sinking THREE seafarers rescued from a general cargo ship over the weekend were recovering today in China's Shidao port
Arrested ship replaced in Oz CIC TODAY said it has chartered a ship to replace its arrested Athena to carry out its planned Australian cruise programme
NYK and ISC swap PCCs NIPPON Yusen Kaisha has swapped one of its pure car carriers for a smaller unit from one of its tonnage providers
Modec pays premium for VLCC JAPAN's FPSO specialist Modec has paid $35.8M for Euronav's 1999-built VLCC Algarve, a high price in context with recent similar transactions
$3Bn in Ichthys ship financing agreed KOREA Eximbank and the Korea Trade Insurance said they will provide $3Bn to compatriot yards Samsung HI and Daewoo Shipbuilding & Marine Engineering
French port creates combined-transport hub to boost transhipment traffic Port operator Grand Port Maritime de Marseille (GPMM) is positioning its eastern basin as the major transhipment hub for the Mediterranean, by creating a combined-transport ...
COSCO to pump the bond market Hong Kong-listed China Cosco Holdings said it plans to raise up to USD2 billion from the sale of offshore bonds in a bid to replenish capital and to pay down its ...
US growth boost for Obama US economic growth moved ahead by 2% in the third quarter of the year, according to figures released by its Commerce Department on Friday, giving a further boost ...
Good news for Asia - Europe liners The weekly Shanghai Containerized Freight Index [SCFI] saw the troubled liners serving the Asia to Europe tradelanes regain some ground last week on the back of ...
Spain still feeling the pain More than 800,000 workers have lost their jobs in Spain in the past year raising the total unemployed in the Iberian nation to 5.78 million equating to a disturbing ...
USEC battens down the hatches With Hurricane Sandy packing 85mph winds and expected to make landfall anywhere between Virginia and southern New England on Monday evening, states of emergencies ...
FOE ties up newbuild Fred. Olsen Energy has entered into a contract for its newest semi-submersible drilling rig.
Eco ships impress Scorpio Tankers' eco newbuilding performance numbers have won a thumbs up from the market.
CSSC earnings shrink Chinese state shipbuilding group CSSC has endured a tough third quarter as profit was chopped.
OW in Asia drive OW Bunker has added another experienced face to its global management team.
Mind the rate gap A widening rate gap between capesize bulkers and smaller vessels means something will soon give, Jefferies says.
UK in SeaFrance probe Eurotunnel's purchase of three ferries from the defunct SeaFrance will be the focus of a UK competition investigation.
Iran softens stance Iran's defence minister says the potential closure of the key Strait of Hormuz is a separate issue from the sanctions that have hit the country.
Disney runs into Sandy Hurricane Sandy is playing havoc with cruiseship schedules along the east coast of the US, as passengers on a Disney vessel revealed the power of the storm.
Scorpio shows eco sums Scorpio Tankers has moved to silence the cynics casting doubts about the capability of eco ships.
Stolberg's smuggling probe Former Beluga boss Niels Stolberg has been caught up in a weapons smuggling investigation, according to a flurry of media reports in Germany.
Ferries collide off France Two cross-Channel ferries have collided in bad weather off France.
Petrobras keeps Dof vessel Dof has stretched a period deal for one of its platform supply vessels in Brazil.
Sandy spur for products A huge hurricane set to impact the US east coast may not be good news for residents of the area but it should play out favorably for products tanker owners.
Bonaparte escapes An SNCM ro-pax has broken free of its moorings and hit a dock in a storm at Marseille.
NewLead gets tough Nobu Su could face possible jail time unless he complies with a London court ruling related to unpaid charter fees.
FSL on firmer footing First Ship Lease Trust slipped to a narrow loss in the third quarter as revenue fell away.
German aid increased Germany will be handing over more money in subsidies to domestic shipowners next year.
Omega fights cash cap Omega Navigation has hit back at its lenders for attempting to curb the use of its remaining cash reserves, claiming such a more will kill the lights at the tanker owner.
IHI ups forecast IHI Corp expects to post higher first half profit than previously expected.
Sasebo switches focus Japan's Sasebo Heavy Industries is refocusing more on shiprepair and naval business as the shipping slump continues.
Indonesians bag boxship A Herman Buss-linked containership has been snapped up by Indonesian buyers, brokers said.
Cargoship goes missing Russian authorities are searching for a cargoship that went missing with a cargo of gold in the Okhotsk Sea.
Evergreen back to black A stronger third quarter has erased losses so far this year at Taiwanese boxship giant Evergreen.
Third death on Sagittarius A superintendent newly appointed to oversee safety on the Hachiuma bulker Sage Sagittarius has been killed - the third death on the ship since August.
NADL makes US filing John Fredriksen-controlled North Atlantic Drilling Ltd (NADL) has moved one step closer to listing in the US.
K Line boxship hit twice A K Line containership has been the victim of a double robbery during a single visit to a port in Indonesia.
Dynacom drops singles Dynacom looks to have sold the last of its single-hull VLCC tankers for scrap, according to broker reports.
NOL back at bond table Neptune Orient Lines (NOL) is returning to the bond market for the second time this year to raise fresh capital.
MOL scrap young cape Another young capesize bulker has been reported sold for demolition, according to broker reports.
Modec linked to Algarve Modec is reported to be behind the purchase of a modern VLCC from tanker owner Euronav brokers say.
Report says water infrastructure funding inadequate A new report from the National Research Council says that due to insufficient funding, many portions of the Army Corps of Engineers' water infrastructure program are not being maintained at acceptable levels of performance and efficiency.
East Coast ports close as Hurricane Sandy approaches Ports from Virginia to New York have closed facilities Monday in anticipation of Hurricane Sandy's landfall.
Freightwatch reports Brazil electronics heist "Warehouse robberies typically are the largest value incidents due to the high volume of product stored in a single location. Brazil has recorded several multi-million dollar losses this year due to warehouse invasions," the security firm said.
TNT's 3Q income rises The integrated parcel delivery company said Monday its third quarter operating income rose 43.8 percent year-on-year to 46 million euros ($59 million). Revenue in the quarter rose 2.1 percent to 1.8 billion euros.
TNT vet Lombard named Geodis CEO Former TNT Express Chief Executive Officer Marie-Christine Lombard has been named CEO of Geodis, the forwarding arm of France's state-owned railway SNCF. She left TNT in September ahead of a proposed UPS takeover.
LSFO premiums easing as supply options grow Price of compliant fuels in some markets now significantly lower than when North American ECA took effect.
Fujairah prices start the week up Suez reports dry market with no fixed date for replenishment.
Campaign organisation applauds EU sulphur directive adoption 'When it comes to air pollution, the EU should follow the USA and Canada by making the entire EU coastline a low-SOx and low-NOx zone.'
Singapore arrest ends long wait for payment Bunker company had 13-month wait before outstanding bill was paid.
EU's sulphur compromise close to becoming law Updated Sulphur Directive regulating ship emissions at final stage of the process before official publication of the law.
Framework lacking in LNG bunkering, study finds Feasibility study covers four Belgian ports.
Lubes: Industry expects 3% rise in cost Shipowners expect lubes to jump ahead of other costs, survey finds.
Former BP and Brightoil executive joins O.W. Bunker Paul Bradshaw has been appointed as Regional Manager for O.W. Bunker Asia.
Week starts with IFO prices largely down Supplies of marine fuels fine at key Asian ports on Monday.
Odfjell in move to protect Dutch operations Seeks to lay off more than half of local staff to avoid bankruptcy after terminal suspension caused the company to lose major clients.
Industry players discuss LNG as bunker fuel LNG may cost more than bunker fuel in the future, says NOL executive.
Titan delays despatch of circular Circular to detail, among other things, subscription agreement with Guangdong Zhenrong.
Bunker buyer role 'critical' to shipping Shipping crisis changing the way bunker purchasing is being done, say industry players.
More suppliers offer LSFO in Singapore Eight out of Singapore's top 20 suppliers now offer LSFO to vessels, a Bunkerworld survey shows.
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