Scorpio controls 20% of product tanker orderbook Lauro's latest 16 newbuilding contracts position firm to lead the market
CMA CGM posts $102m net profit and cuts debt by $1.1bn But world's number three boxline warns that market conditions are deteriorating
Shipping turns to Oslo bond market It's fast, low on paperwork and cheaper than you think, say supporters
Pacific swell fails to buoy up capesize rates But conditions may pave the way for a late-year rally
SSI launches finance scheme to back energy-saving retrofits ABN Amro offers loans to owners for pilot sustainable shipping project
Banks begin a slow return to lending Petrofin survey shows top 40 players cut shipping exposure by 6% last year
Riders on the storm US hurricane season should boost product tanker rates
OOCL and Coscon join Asia-Europe rates push Sceptics say carriers' best hope is to halt the slide
Looking good for Oslo Norway's capital is now the go-to city for high-yield bonds
Yang Ming extends LA terminal lease Port pledges $122m of improvements
Hamburg Süd names largest reefer box ships First two of six new-generation Cap San class vessels will join the Asia-Latin America trade
Analyst forecasts 9% drop in annual box imports to north Europe Mediterranean and Black Sea will outperform northern range, says Global Port Tracker
Kallas hits back at port policy critics Proposal will shave 7% off costs and save EU $13bn, says Brussels transport chief
VLCC SOS Rival owners ignore Frontline call to scrap more big ships at their peril
Nord/LB increases its shipping provisions sevenfold Leading lender posts $40m first-quarter loss
Global Ports confirms acquisition talks London-listed Russian box port operator ponders takeover of compatriot NCC
CSAV expects 'challenging' 2013 Oversupply means boxlines' behaviour will shape market performance
Golden Ocean in $30m settlement over charterparty dispute Case appears to be final act of Singapore dry bulk operators legal fight with Salgoacar Mining Industries
Golar LNG takes a stake in Douglas Channel project LNG carrier strengthens hand in North American gas export market as quarterly earnings rise
Golden Ocean is paid $30M to settle dispute GOLDEN Ocean has agreed to settle a long timecharter dispute with Trustworth Shipping of Singapore
Tanker, bulker collide DAMAGE resulted from a collision between a tanker and a bulker in the Gulf of Mexico, but no injuries or oil spills were reported today
OSG plots shuttle expansion BANKRUPT OSG is seeking court approval to convert one of its Jones Act product carriers into a shuttle tanker for Shell's deepwater 'Stones Project'
IPO delayed for UCLH A RUSSIAN metals magnate has scrapped his IPO scheme at Dutch-registered United Cargo Logistics Holding
Fednav bulks up fleet FEDNAV of Montreal has ordered six more 'Seaway max' bulkers to add to its fleet, which at more than 80 ships is already the largest in Canada
Singamas selling subsidiary HONG KONG-listed Singamas Container said today it is selling a subsidiary for 160M yuan ($26M) to a Chinese investment company
Atlantic lent $15M SINGAPORE-listed OSV provider Atlantic Navigation said today it has obtained a financing facility of up to $15M from Maybank Singapore
Guanghui, Shell sign deal for LNG station SHANGHAI-listed Guanghui Energy said today it has signed a letter of intent with Shell's China unit calling for joint operation of an LNG distribution and transfer station at Nantong port
MHI sets up offshoot MITSUBISHI HI is setting up a dedicated unit to handle its marine machinery and marine Diesel engine business by 1 October
Ezra sells 40M shares in Ezion SINGAPORE's Ezra Holdings told Fairplay today it is selling its stake in compatriot offshore player Ezion Holdings, in a deal worth S$90M ($71.2M)
Certification scandal uncovered in Panama PANAMANIAN authorities have begun legal proceedings against those allegedly involved in a seafarers' certification scam
Royal Caribbean orders third Quantum GERMANY'S Meyer Werft yard has an order for a third 167,800gt cruise ship from Royal Caribbean Cruises of the US
UPS Freight Sets June 10 Rate Increase UPS Freight today announced a general rate increase of 5.9 percent for non-contractual shipments in the United States, Canada and Mexico. The increase will take effect on June 10 and will apply to minimum charge, less-than-truckload and truckload rates, and accessorial charges. The truckload and LTL carrier said the new rates would...
Lineage Logistics Adds Chicago-Area Facility Lineage Logistics, the world's second-largest cold storage company, has added another space to its portfolio, acquiring the real estate and assets of a facility in University Park, Ill. Financial terms of the transaction weren not disclosed. The University Park location, which was built in 2004, serves as a distribution facility for...
MSC to Increase Rates on Shipments From Asia Mediterranean Shipping Co. has announced several rate increases for cargo shipped from Asia. The container line will be raising rates as follows, with all hikes effective July 1: From the Far East to West Africa, including Angola: US$250 per 20-foot container; US$500 per 40-foot container. From Asia to East and South Africa: US$300...
Hapag-Lloyd to Raise Intra-Asia, Intra-Americas Rates Hapag-Lloyd will increase rates from East Asia, excluding Japan, and the Persian Gulf. The increase, which the German ocean carrier said will take effect on June 15, will be $300 per 20-foot-equivalent unit. Containerized trade from the Far East to the Indian subcontinent and the Middle East fell in February and March,...
SCFI: Asia-to-US Spot Rates Lose GRI Gains The Shanghai Containerized Freight Index spot rates for U.S.-bound trade lanes dropped significantly in the week of May 31, losing almost all achievement from the May 21 general rate increase. GRIs of $400 per 40-foot container moving from Asia to the U.S. West Coast and $600 per FEU from Asia to the...
SCFI: Asia-Mediterranean Spot Rate Spikes The Shanghai Containerized Freight Index spot rate to Mediterranean ports experienced a 59 percent jump as a round of June 1 general rate increases and peak surcharges set to go into effect. UASC, CSCL and Maersk announced GRIs of $500 to $750 per 20-foot container for June 1 to Mediterranean...
FreeSeas in share sale FreeSeas has struck another deal with investment firm Dutchess Capital Management that could see it sell shares worth $1.5m.
CMA CGM profits surge CMA CGM has seen its first-quarter net income flip to the black as operational earnings skyrocketed.
Jascon SAR stopped A search and rescue operation around the anchor handler Jascon 4 which sank off Nigeria at the weekend has had to be stopped.
Westports eyes $500m Westports Malaysia is back on track with plans for an Initial Public Offering (IPO) and could float on the Kuala Lumpur Stock exchange as early as October.
Heading home Kristin Holth received an offer too good to refuse and is returning to Oslo to head up the shipping division of the industry's largest lender.
Latvian back in profit Latvian Shipping Co is back in the black after a long run of losses.
Owners panicked Panicking tanker owners dragged down the VLCC market at the start of this year and now need to show leadership to aid a recovery, says Frontline chief Jens Martin Jensen.
Trafigura rejects order talk Trading giant Trafigura denies TradeWinds reports that it is talking to Chinese yards about an order for up to eight ultramax bulk carriers.
Fednav back at Oshima Fednav has returned to Oshima Shipbuilding in Japan for a further six bulker newbuildings.
Nord LB dives to loss Norddeutsche Landesbank (Nord LB) plunged into the red in the first quarter of the year and laid the blame squarely at the door of the struggling shipping industry.
Ships that shouldn't be We take a look at what was said in the market over the past week.
GSI wait extends Guangzhou Shipyard International is keeping its shares on ice for a few more days while it looks to see through a restructuring effort.
Georg Buchner Sinks The former Belgian passenger-cargo ship Georg Buchner (built 1951) has sunk in the Baltic while under tow to a scrapyard in Lithuania.
Veniamis on the march TradeWinds digests the digits making the headlines this week.
Geden in Texas holdup The US Coast Guard is investigating a collision between a Geden Lines suezmax tanker and a Japanese-owned bulk carrier off the port of Galveston in Texas.
Subsea 7 wins $170m gig Subsea 7 has bagged a $170m with Statoil for work in the UK sector of the North Sea.
SMM wins jack-up job SembCorp Marine has secured a jack-up rig newbuilding deal from a Japanese-backed leasing company worth $220m.
PSA expands in China PSA International has expanded in China with the acquisition of a stake in Fujian Jiangyin International Container Terminal (FJCT).
Golden wins payout Golden Ocean looks to have settled a long-running charter dispute with Indian businessman Anil Salgaocar.
Ezra offloads Ezion Ezra Holdings has sold its stake in fellow Singapore offshore outfit Ezion Holdings and netted a near $66m profit in the process.
Atlantic seals loan Atlantic Navigation has secured a $15m loan facility to partially refinance the acquisition and modification of a jack-up barge.
U.S., Canada to coordinate modernization of border facilities The U.S.-Canada Border Infrastructure Investment Plan is the latest initiative under President Obama's and Prime Minister Stephen Harper's Beyond the Border declaration to have a shared approach to security and economic competitiveness.
47-foot Jacksonville harbor project out for public review The plan raises the local share of the $733 million project from $189 million to $383 million, with $95 million of that increase for terminal improvements necessary to accommodate the deeper channel draft.
NJ bill targets independent contractor trucking The Truck Operators Independent Contractor Act would prevent trucking companies from misclassifying truckers as a way to avoid workers' rights and employer responsibilities, including unemployment and Social Security contributions.
Commerce finds subsidized Asian shrimp imports
Canadian house passes rail arbitration rule
Europe to build unified transport network
FMC reviews 17 OTI license applications
ARINC releases new forwarder enterprise solution
Peruvian forwarder to use CargoWise cloud platform
Zim: July 1 rate hikes key for container industry
Maersk bumps up Asia-Europe rate hike The liner carrier said Friday it's increasing the size of a July 1 general rate increase for cargo moving from Asia to North Europe from $750 per TEU to $950 per TEU. It added it "continues to face unsustainable rates in the trade."
Bunker prices continue to soften in the Americas Demand was said to be average in Houston on Friday.
Weekly global market update A weekly price round up of bunkering hubs from around the world
North American ECA limits 'not economically sustainable' 'The bottom line is that the 200 nautical mile ECA is not technically justified or economically sustainable for Short Sea Shipping.'
Prices down across the board Bar HS 380 cSt and MGO in Hamburg, falls keep to single figures.
Prices fall as week ends Cape Town 180 cSt sheds $8 pmt.
Report: Chinese bunker demand up Modest increase expected from both domestic and international shipping demand.
Asian bunker prices soft Players saw low to average demand in Singapore.
Mitsubishi starting new marine engine entity Firm will move head office of its subsidiary to Nagasaki to support operations.
New LNG bunkering society will be 'inclusive' Will not be run solely by the oil majors, says SIGTTO boss.
Fuel-saving ferry delivered late Vessel first in series to be fitted with bulbous bow.
CSAV halves Q1 losses Company reduced bunker expenses by 37.5% in Q1.
Trial at Panama Canal to streamline vessel fuel usuage Panama Canal Authority introduces a just-in-time service to facilitate a more efficient transit.
Fednav adds 'clean-design' ships to fleet New vessels will consume 28% less fuel and produce lower emissions.
Scorpio in ordering spree of 'fuel efficient' newbuilds Commits to 16 vessels of various classes at several South Korean yards.
ABB fuel saving systems installed on Nor-Shipping nominees Firm highlights systems installed onboard the Viking Grace, Marco
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