What's next for China's shipping policy? Lloyd's List Special Report: Beijing's new leadership may aid and restructure state-owned shipping
Chinese yards make gains in the offshore competitive mix The country's builders face stiff competition from Singapore and South Korea
Getting the oil to China How will shipowners benefit if demand grows more than threefold over the next six years?
Two China Shipping units see change of command Further shuffling of executives in wake of Li Shaode's departure
Israel Corp aims to reduce Zim stake to less than 50% All stakeholders asked to contribute to the shipping company's debt for equity plan
Manufacturers jostle for position in the LNG-fuelled engine market Wärtsilä announces first orders for its two-stroke engines for commercial vessels
Maersk will benefit more than its partners from P3, says Macquarie Increased average vessel size will shave $1bn off Danish carrier's Asia-Europe costs
Zim posts $44m loss as talks with creditors drag on Delayed results indicate restructuring still some way off
Suezmax sale highlights rising crude tanker values Values lifted as freight market improves
Rolling on the deep Despite a weak year, the future for deepsea ro-ro operators has never looked better
Russia presses antitrust charges against box lines Formal proceedings start after raids earlier this year on major carriers' offices
NSC and CCNI book 9,000 teu boxship at Hanjin Heavy Industries Tramp owner and Chile-based carrier exercise an option to boost joint deal
Awilco LNG takes a chance on the spot market Exclusive interview: Oslo gas carrier pursues a different strategy to its rivals
Wisdom Marine to sell handysize newbuildings Expanding Taiwan owner plans disposals to cash in on firmer prices
Cosco appoints new chief financial officer Appointment of Tang Runjiang comes after Feng Jinhua resigned
US allows IRISL-tied tanker to be sold Sanctions on an Iranian-owned tanker have been lifted so that the vessel can be sold, the US Treasury Department has announced
DHT confirms VLCC orders DHT Holdings has returned to the newbuild market following its successful private placement, with two VLCC orders and an option for a third
Wisdom to sell bulkers Taiwanese carrier Wisdom Lines today announced that it intends to sell two bulk carriers for $50M (NT$150M) minimum price
Beijing mulls making shipping development a national strategy Developing the shipping industry may become a national strategy in 2014, stated an official from Beijing's Ministry of Transport last week
CITIC Pacific exports first Australian ore shipment Chinese steelmaker CITIC Pacific shipped its first 40,000 tonnes of magnetite iron ore out of the Pilbara on Monday, despite attempts by Australian mining magnate and MP Clive Palmer to shut down operations at the port
Zhuhai plans port investment Shenzhen-listed Zhuhai Port, a South China port operator, plans to invest 50M yuan ($8M) to set up a shipping unit on China's coastal and river routes
GRIs are key to container shipping price fixing investigation A decisive factor in the outcome of the European Commission's investigation on possible price fixing in shipping would be whether or not evidence will emerge that container lines have had mutual talks over the levels of general rate increases
Yangzijiang Shipbuilding completes internal restructuring Yangzijiang Shipbuilding announced some changes to its subsidiaries today, following an internal re-organisation
MTC Logistics to Expand Reefer Hub at Port of Baltimore Seagirt Marine Terminal at the Port of Baltimore.Hoffberger Holdings has plans to expand its distribution center at the Port of Baltimore. The facility is operated by Hoffberger's refrigerated warehousing subsidiary MTC Logistics under its transportation division, MLogistics. It is located at the Chesapeake Commerce Center, adjacent to the Seagirt Marine Terminal. F....
FMC's P3 Summit With China, EU Set for Dec. 17 The Federal Maritime Commission will host European Union and Chinese regulatory officials later this month for a summit on the proposed P3 Network alliance involving the world's three largest container lines. Related P3 Network Coverage P3 Faces a Tough Sell in Europe FMC Keeps 'Open Mind' on P3 P3 Network Takes Shape [Infographic] The...
EU Antitrust Probe Challenges Carriers' GRI Announcements Container lines currently use a variety of methods to announce general rate increases to the market, but those tactics could become more regulated in the future following the launch of the European Union's antitrust investigation into container lines operating in the Asia-Europe trade. Last week, the European Commission, the EU's executive...
State Investment in Infrastructure Seen as Key to ASEAN Growth State investment in infrastructure will be critical if Southeast Asia is to realize its full economic potential, according to leading analysts. ASEAN's share of the global economy has risen in recent years, but its average of just 5 percent annual economic growth in the last decade is still "below potential" given...
Metro North Train Derailment Delays Freight Shipments The derailment of a Metro North commuter train on Dec. 1 in the Bronx, N.Y., could delay freight shipments on the Hudson Line, east of the Hudson River, according to CSX. The suburban New York train derailed yesterday morning about 100 yards north of Metro North's Spuyten Duyvil station, as it was...
Zim Swung to Black in Third Quarter Zim Integrated Shipping Services returned to the black in the third quarter of 2013, as it closed on a debt restructuring deal with its creditors. The $17 million operating profit was a $46 million improvement on the $29 million loss in the third quarter of 2012, achieved "in spite of difficult...
CMA CGM Names Martens as Terminal Link VP CMA CGM has named Laurent Martens as vice president of its port terminals management subsidiary Terminal Link, effective today. Martens will report to Farid T. Salem, the French container line's executive officer and Terminal Link president. Martens joined the Direction Départementale de l'Equipement (departmental infrastructure authority) as strategic studies manager and later...
IJS Global CEO Sjoerd van Loon wins the inaugural Martin Schröder Award Sjoerd van Loon, CEO of logistics company IJS Global has been announced as the first ever winner of the Martin Schröder Award. He received the trophy from the founder of Martinair - after who the trophy is named - at the Dutch National Air Cargo Awards held in Amsterdam on...
Geodis Wilson appoints Competence Head for Industrial Projects division in Asia Freight Management specialist, Geodis Wilson has announced the appointment of Igor Muñiz as Competence Head for Industrial Projects (IP) in Southeast Asia and the Pacific. This strategically important role will significantly enhance Geodis Wilson's IP team in the region, where market growth is marked, and strengthen the Company's offering of...
CEVA in Romania wins awards for Best Logistics and Operational Excellence and Win-Win Collaboration Bucharest, Romania, 27 November, 2013 - CEVA Logistics, a leading global supply chain management company has been awarded the Win-Win Collaboration and Best Logistics and Operational Excellence awards by ARILOG, a logistics industry body. ARILOG's awards are the most prestigious and largest awards for supply chain industry in Romania. They were...
Gulf Island loses director A director with the board of Gulf Island Fabrication has parted ways with the company due to a disagreement over his compensation.
FreeSeas in reverse split FreeSeas has launched its second reverse stock split this year.
Tasneef classes aframax A fledgling classification society appears to be making progress in its campaign to penetrate the commercial shipping market.
CSCL crowns chairman China Shipping Container Line (CSCL) has appointed a new chairman of its board of directors following the departure of long-time incumbent Li Shaode.
Vale issues 2014 budget Vale caught the attention of the dry-bulk market Monday after releasing its capital expenditure projections for 2014.
Iranian tanker cuffed in China A suezmax tanker linked to Islamic Republic of Iran Shipping Lines (Irisl) is facing potential judicial sale after it was arrested in China.
Rokke rejuvenating AMSC American Shipping Company has revealed plans for a financial overhaul with the aid of Norwegian tycoon Kjell Inge Rokke.
Zim debt-swap close CEO Rafi Danieli confirms Israel Corp holding will be cut as it nears restructuring deal.
Vosco takes aim Vietnamese tanker owner Vietnam Ocean Shipping (Vosco) is planning a share sale after returning to profit in the third quarter.
Great Harvest plots purchase Great Harvest Maeta is dipping into the market for new tonnage again after sealing a loan.
Tsakos bulker tied up Tsakos Shipping & Trading has secured a period deal for one of its panamax bulkers, brokers say.
SinOceanic suffers again Oslo boxship company SinOceanic Shipping has revealed a bigger loss for one of its vessel-owning units.
KDM targets expansion Ukrainian bulker owner KDM Shipping expects to expand its fleet in the next few months.
DHT pens VLCC double DHT Holdings has confirmed speculation it is ordering VLCCs after signing a contract for two newbuildings in South Korea.
Vroon fixes financing Vroon has sealed a new finance deal for Chinese newbuildings with China Export-Import Bank (China Exim Bank).
d'Amico in duplicate deal d'Amico International Shipping has signed a second period contract for a newbuilding in a week.
BWO extends Nigeria deal BW Offshore has stretched a charter contract for an FPSO unit in Nigeria.
New ro-pax for CS Shanghai owner CS Marine is ordering a new Danish-designed ro-pax at Bohai Shipyard in China.
IRISL back in court? Iranian owner IRISL could be about to take fresh legal action against the European Union (EU) after it reimposed sanctions on the company.
Season to be jolly Products tanker rates could double by the close of 2013, according to US bank Stifel.
Gdansk ready to file? The historic Gdansk shipyard in Poland could file for bankruptcy next month after talks with the government failed to come up with a solution to its problems.
Wisdom sells two Wisdom Marine is cashing in on the recent rise in vessel prices by selling a pair of bulk carrier newbuildings.
Sticky start for Hallaig The world's first sea-going hybrid ferry broke down on its first day of service in Scotland.
Ferry thief in a spin A Seattle man who stole a ferry was apprehended because the vessel was going round in circles.
Tidewater takes Sanko AHTS Sanko has sold its newest anchor handler to US heavyweight Tidewater, brokers say.
Simpler for YZJ China's Yangzijiang Shipbuilding (YZJ) group is streamlining its structure through share transfers, mainly to subsidiary Jiangsu New Yangzi Shipbuilding (JNYS).
Atlantic plots bond raid Atlantic Offshore is lining up a swoop on the Norwegian bond market.
"Genuine recovery" ICAP has predicted a genuine recovery in VLCC rates in 2014 but this will not necessarily mean a return to profitability for owners.
Ramsey calls it quits Ramsey Steamship Company is to be wound up after selling its last two general cargoships.
Canada arrests "ship spy" A Lloyd's Register (LR) employee has been arrested in Canada on suspicion of passing classified information about shipbuilding to China.
Russia pursues box lines Russian anti-trust investigators say they have "initiated a case" against international container lines following dawn raids in February.
Incat wins Japan order Incat Tasmania has won a newbuilding contract from Japanese ferry operator Sado Kisen for an 85 metre high-speed ferry.
Greek cruiseship hit by fire A veteran former Cunard cruiseship has been severely damaged by fire while alongside in the Greek port of Halkis.
Zim back in black Zim Integrated Shipping Services has reported an operating profit of $17m for the third quarter of 2013.
Indo sees robbery surge Six ships were attacked by robbers in Indonesian waters in as many days, latest industry intelligence shows.
Amazon invests in drone delivery According to Amazon's website, officials expect to have the shipping option in place by 2015, pending rules and regulations regarding the use of commercial drones being considered by the Federal Aviation Administration.
ILA opposes P3 Network In a letter to the FMC, ILA President Harold Daggett wrote, "Such a drastic consolidation of capacity naturally leads to questions as to the long-term impact of such an agreement upon the industry as a whole."
Zim says 'no deterioration' in performance During the third quarter, Zim, the Israel-based container shipping company, had a net loss of $44 million, down from a $97 million loss in the second quarter of this year. A year earlier, the company banked a $16 million profit.
UP commences cross-border intermodal service
MTC Logistics expands in Baltimore
European, Asian shipper groups increase cooperation The European Shippers' Council and the Asian Shippers' Meeting said they have "agreed to take their cooperation to the next level," according to a statement after a meeting last week in Chiang Rai, Thailand.
Shipper groups express concerns about P3
C.R. England adds trailer device to improve aerodynamics
Dual fuel operations will impact lubricant requirements Wartsila confirms switching from HFO to LNG will mean using different cylinder oils.
Mixed avails in Fujairah Prices firming in Suez.
LS avails tight in Rotterdam Market sources 'unsure when the situation will improve.'
Market has moved 'decisively in favour' of high BN lubes Castrol says new lube ensures 'safe, fuel efficient engine operation in the slow steaming era.'
Shipowners warn against regional CO2 regulations 'We are a global industry requiring global rules. Otherwise we have chaos.'
IFO prices weaken across Asia Meanwhile, MGO prices were mostly strengthening.
First orders for low pressure, 2-stroke, dual-fuel engine Order represents 'a historic landmark in the process towards general acceptance of LNG as a marine fuel.'
Bunker barge stopped from entering Indian port Vessel allegedly carrying stolen bunkers.
Latest dividend from WFS Cash dividend same as last quarterly offering.
Bunker trading volumes down in Singapore 'There is no market for trading big volumes', trader says.
BIMCO ready to bang drum for revised bunker contract New version of standard bunker contract to get 'strong global marketing effort'.
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