Shipping isn't sitting on its hands ICS is working hard to lobby against changes to accounting rules
IACS tackles the challenge of ever-larger ships Cazzulo makes the case for a central technical body to maximise members' expertise
ClassNK stands by MOL Comfort design and plan approval process Special survey in May was also carried out in full compliance with regulations, says class society
MSC joins the long march for post-panamax boxships CSSC units split orders for six 9,400 teu vessels booked by carrier's Chinese lender
Capesize rally, interrupted Rates have come down but brokers say the decline is moderate
Appeal decision keeps Costa Concordia lawsuits in Miami But ticket terms and conditions could eventually force US cases to Italy
All power to class societies as IACS pursues common structural rules Society could add boxships to harmonising bulker and tanker regulations
Asia-north Europe spot rates roar ahead, but will they stick? The real test of the July 1 increases will take place in weeks to come
'You can't bully your way into this market' High costs and political sensitivity make the Jones Act tanker market a high-stakes game
Jones Act market strengthens as US output tops 7m barrels per day McQuilling predicts more business to come for tankers
Rongsheng warns of loss amid mounting liquidity concerns Founder Zhang Zhi Rong lends shipbuilder $33m interest-free to boost working capital
Rongsheng's big squeeze Listed China shipbuilder faces double threat of a strike and shortages of working capital
Showing some class The time is right for IACS to clarify its objectives and strategic direction
NK: broken ship complied JAPAN'S classification society today certified that the box ship MOL Comfort "was in full compliance" during its survey of 29 May
Spot box rate surge holds THE BOX sector's 1 July general rate increase for the strained Asia/Europe trade held its own this week, defying fear that it would erode quickly after taking effect
TMT units put on Baltic's 'avoid list' THE BALTIC Exchange has placed two subsidiaries of Taiwan's TMT on a list of companies that potential counterparties should avoid
Yangzijiang might revive Changbo yard CHINESE shipbuilder Yangzijiang might reactivate its yard in Changbo, China, due to rising newbuilding orders said DBS Vickers Securities today
GEDEN to redeliver Aframaxes to FSL Trust GEDEN Lines will redeliver two Aframaxes to Singapore's First Ship Lease Trust after defaulting on charterhire payments
Jakarta to halt iron ore export cargoes JAKARTA plans to bar exports of iron ore in 2014, in an attempt to force up the market price and stimulate its domestic sector
Belships to raise $15.5M BELSHIPS, the Oslo-listed drybulk carrier and product tanker owner, said it seeks to raise 90M kroner ($15.5M) by issuing 22.5M new shares
China/Australia service added by Evergreen TAIWAN'S Evergreen Line said it is adding a China/Australia Service (SAS) in August
OOCL seeking rate rise HONG KONG's Orient Overseas Container Line said it will seek higher freight rates on services to Australia as of 1 August
OY's shares trading TRADING started today in shares of Ocean Yield, a shipowning company spun off from Aker Group, according to the Oslo Stock Exchange
RSHI borrows $32M in liquidity crunch HONG KONG-listed yard RSHI said today it borrowed 200M yuan ($32M) from its biggest shareholder and founder to raise its working capital
HPH Trust keeps 'buy' UOB KAY Hian said despite the strike hurting HPH Trust's Hong Kong International Terminal, its Yantian port operations were stable
Capesize and Panamax rates both ease off AFTER rallying over the past two weeks, Capesize and Panamax rates took a breather this week as charterers held back
Owners and charterers deal VLCC poker VLCC tanker owners and charterers are playing a psychological game seeking to influence the market, brokers are pointing out
Recovery worries shift to demand RECOVERY is moving farther into the future for freight markets, with concerns moving away from the tonnage glut to the demand side, a Platou analyst has warned
Transportation Employment Rises 1.3 Percent in June The U.S. economy added 195,000 jobs in June, but few were in transportation. Employment in transportation and warehousing was almost flat in June, dropping one-tenth of a percent from May and almost three-tenths of a percent from its most recent peak in April, according to preliminary employment data released Friday by...
SCFI: Shanghai-to-US Spot Rates Slip Post July 1 GRI Shanghai Containerized Freight Index, U.S. West Coast, week of July 5, 2013 Full-size image Spot container rates to the U.S. West Coast dipped slightly after rising nearly 15 percent last week on the strength of a July 1 general rate increase. The spot rate to the West Coast based on the weekly...
SCFI: Asia-Europe Container Spot Rates Retreat From Post-GRI High Shanghai Containerized Freight Index, northern Europe, week of July 5, 2013 Full-size image Spot container rates from Asia to North Europe eased slightly after a forceful rally that took rates up 174 percent as part of a July 1 general rate increase that carriers saw as perhaps their last big opportunity to...
Sluggish Economy Keeping Truck Pricing in Low Gear Shippers and truckers, driven by differing perspectives, may be speeding toward a collision over pricing. Carriers, pinched by rising operating costs and a shrinking driver pool, are pressing for higher rates, while customers, facing lackluster demand for goods they ship, wonder why transportation costs as much as it does. Lately, trucking...
West Coast Port Container Volumes on the Rise Container volumes at West Coast ports edged up 1 percent in May compared to May 2012, according to statistics published on the Pacific Maritime Association's Web site. Nevertheless, May was the busiest month of the year so far. With the trend line moving upward as the peak-shipping season approaches, growth in...
Carriers Revise Asia-Australia Service ive container lines cooperating on a joint service linking Asia and Australia plan to revise the port rotation of the service to incorporate a direct call at Qingdao, China. The carriers - Evergreen, "K" Line, MOL, NYK and OOCL - say the changes also will shorten transit times from the Chinese...
Ocean Carrier Rate Revision Roundup for July 5 Major container lines have announced rate increases for a variety of trades, as detailed below, with most slated to take effect in August. Asia-Europe Effective Aug. 1, Maersk Line will hike rates from India and Sri Lanka to North Europe by $200 per 20-foot container and $400 per 40-foot, 40-foot high-cube and...
Why WRDA Matters Considering it hasn't been passed for six years and has a less-than-sexy name, the Water Resources Development Act isn't on the tip of most shippers' tongues. But the major vehicle for the authorization of port navigation and inland waterways projects will become increasingly important as the nation grapples with increasing...
Slideshow: Top 10 US Exporters of 2012 When the Obama administration in February 2010 announced its National Export Initiative, the U.S. was coming out of one of the worst recessions since the Great Depression. Trade was surging and global container carriers suddenly were flush with billions of dollars in combined profits after losing billions the previous two...
Peak Is More Like a Hill for Trucking, Intermodal Retail industry expectations for peak truck and intermodal rail seasons are elevated slightly compared to last year but hardly soaring, thanks to a slowly recovering U.S. economy and better managed supply chains. Transportation executives are expecting zero to low single-digit year-over-year growth in surface freight traffic in the period ahead of...
New Suez Services Boost East Coast Port Growth The three new shipping services that kicked off this spring from Asia to the East Coast via the Suez Canal still may be shaking out, but there's no doubt they're helping to accelerate the momentum the route has built over the past several years. And, contrary to conventional wisdom in the...
Norbert Dentressangle Debuts on NYSE Euronext London Norbert Dentressangle CEO Hervé Montjotin traveled to London to ring the opening bell for NYSE Euronext London.Norbert Dentressangle's ordinary shares have been admitted to listing on the standard listing segment of the Official List, and to trading on NYSE Euronext London, the regulated market operated by LIFFE Administration and Management,...
Di-Corp to Build Rail-Served Frac Sand Terminal in Alberta Di-Corp, a distributor of specialty chemicals, parts and accessories serving mining and drilling industries in Canada and the United States, is building a frac sand transloading terminal north of Grande Prairie, Alberta. CN said it will serve the Edmonton-based company's 20-acre terminal beginning in November 2013. The facility is expected to have...
P3 Roils the Waters As the container shipping market sizes up the impact of the P3 alliance among Maersk Line, Mediterranean Shipping and CMA CGM, some key themes are emerging: Don't expect a reduction in capacity, don't expect any less competition, expect more commoditization of service and, perhaps along with that, an increasing trend...
Q&A: Double Trouble Q: We have kind of an unusual situation that I'd like your opinion about. For a long time, we've been buying from a particular vendor, but in recent times the vendor's service deteriorated markedly. We've been getting occasional defective items (what we're buying are machined components that we use in our...
Klaveness books two Klaveness Ship Holding has returned to Jiangsu New Yangzijiang Shipbuilding for a pair of 2,500-teu boxship resales.
More to come? Sovcomflot (SCF) top brass and Russian VIPs turned out in force for the naming ceremony of the owner's first LPG carriers from Hyundai Mipo in Korea.
China fears for Cosco Sing Investors in Cosco Corp Singapore have been warned not to catch a falling knife by analysts at OCBC.
Bumi bags Caspian contract Malaysia's Bumi Armada has scooped a MYR 567.6m ($180m) contract in the Caspian Sea.
Clearlake books Diana cape Diana Shipping has secured a contract for one of its capesize bulkers at a slightly improved rate.
MOL Comfort: no faults Japan's ClassNK has said there were no problems with MOL Comfort during a special survey three weeks before the ship broke up.
No sympathy for Nobu Nobu Su's inside story on the bankruptcy of many TMT units has failed to touch the hearts of all in the industry, it seems.
DSME in the dark Daewoo Shipbuilding & Marine Engineering has set its sights low after winning preferred bidder status in the race for a potential $5bn contract for Yamal LNG.
Atlantska bins bulkers Croatia's Atlantska Plovidba has cancelled the last two delayed panamaxes in a series of four at JES in China.
FOP backs Yinson bid Fred Olsen Production's board of directors of has given its unanimous backing to a takeover bid by Yinson Holdings.
Diana deal denied Diana Shipping has been distanced from the purchase of a panamax bulker from Japan's Doun Kisen.
SIMA thinks big Peruvian shipyard SIMA is eyeing a new drydock for panamax repairs.
Still making history A huge contract with Oldendorff involving 10 new Polembros bulkers has entered another page in the history of the Greek family's shipping story.
Global back trading Shares in Malaysian tanker owner Global Carriers are set to resume trading on the Kuala Lumpur stock exchange after a two-month hiatus.
Scandlines deal dead? The owners of Baltic ro-pax company Scandlines are said to be putting its sale on hold after failing to agree a price.
Geden returns tanker Singapore's First Ship Lease has taken back the first of its two tankers from troubled Geden.
Iino lines up cash grab Japan's Iino Kaiun Kaisha has announced plans for a fundraiser on the Tokyo Stock Exchange.
Made it, Ma We take a look at what was said in the market over the past week.
STX deal in doubt TradeWinds digests the digits making the headlines this week.
Silver lining? Commerzbank is feeling a little better about ailing shipping finance markets in 2013.
Crew missing after capsize Search on for 11 men after sinking Bangladeshi cargoship abandoned off Thailand.
Parakou returns to Chengxi Hong Kong shipowner Parakou Shipping has joined forces with CSSC Shipping, the shipowing arm of state-owned China State Shipbuilding Corp (CSSC), to order up to 12 geared ultramax bulk carriers at China's Chengxi Shipyard.
Transpetrol stages exit Tanker player takes back two VLGCs as it exits Avance Gas Holding venture.
STX Alpha set free German KG owner Rotes Kliff GmbH & Co KG's 10,000-dwt general cargo ship STX Alpha (built 2010) has been released from arrest in Singapore.
Rongsheng seeks lifeline Rongsheng Heavy Industries, China's largest privately owned shipbuilding group, is asking both its main shareholder and the Chinese government for cash support as it restructures to survive the shipbuilding slump.
Big bulker bang-up Two Greek-controlled bulk carriers have survived a collision off the Greek Island of Andros, although both have suffered structural damage.
Weekly global market update A weekly price round up of bunkering hubs from around the world.
Bunker prices end week stronger in the Americas Demand was said to be average in Houston on Friday.
Suez Canal operating normally following national unrest Despite being in a state of emergency, 48 ships passed through the Suez Canal undisturbed on Friday.
Investigation of MOL Comfort sinking underway Review verified no abnormalities were observed during survey and vessel was in full compliance with all requirements.
Prices stable in Rotterdam MGO rose in double digits in Hamburg.
Demand slack in Fujairah Prices firming in South Africa.
Asian fuel oil players expect inventories to climb Arbitrage volumes are high while bunker demand remains weak.
Carnival considers scrubbing for North American ECA Carnival, Coast Guard and EPA in 'active dialogue' over temporary exemption.
Biodegradability tops lubes agenda Total Lubmarine develops product to meet new regulations.
Brightoil expands supply network in eastern China Operations to start this month.
Asian bunker prices end week flat Smooth supplies reported at key Asian ports.
Total Lubmarine: New product 'shaped by customer feedback' Lube manufacturer says its next 'single oil solution' has improved efficiency.
Aegean provides bunkers to world's largest vessel After TI Europe finished its servicing at Damen Shiprepair Brest.
Expansion 'on the cards' for International Bunkering Dubai government's progressive thinking presents an important business advantage, says Group CEO.
Khor Fakkan 'growing' as bunkering port, says supplier Supplier claims strategic location next to Fujairah as reason behind expansion.
US Navy developing new class of replenishment oilers General Dynamics NASSCO, Ingalls Shipbuilding, and VT Halter Marine each awarded $1.7 million to conduct studies.
Brightoil: Gas field projects 'progressing smoothly' Development expected to produce 'significant income' for the group, says firm.
Milestone in CSL fleet renewal programme Baie Comeau scheduled to arrive at destination in early September.
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