EU beaching ban could cost shipowners millions Recycling regulation proposal could limit sales to price-competitive south Asian yards
Vale Malaysia entered China as a 299,252 dwt vessel, says class society Exclusive: Valemax's five load-line certificates revise its nominal capacity
Rina strengthens Middle East ties Italian class society signs MOU with Drydocks World Dubai
Bridge to better days Summit sets the agenda for future trends
Delegates divided over diversification Lloyd's List Summit: Some argue for spreading risk but others back a specialist niche
Restructuring can offer troubled firms and their creditors a win-win solution Lloyd's List Summit: Bad-mouthing the banks is counter-productive, says Pribor
The shores have eyes Poole's upgrade proposal must please many different stakeholders
Hyundai Merchant Marine narrows losses in the first quarter Embattled South Korean box line reduces sales and fuel costs
Capesize improvement could be a blip Brokers liken sluggish market to Groundhog Day
Africa is shipping's hottest prospect Lloyd's List Summit: Continent is a 'pioneering' place to go, says ICAP Shipping
Asia-Europe rates tumble again Shanghai Containerised Freight Index sees spot rates to European base ports drop to $731 per teu
Intra-Asia trade set for rapid growth Region must look to its own strength to offset US and European malaise
Container statistics reflect flat eurozone Tracker survey sees falling throughput for Europe's north range ports
Global Ship Lease accepts reduced panamax charter rates Owner tackles off-hire days and repositioning costs
Why boxships aren't like buses Flemming Jacobs' analogy only partly valid
Ships of the future could be made of plastic and controlled from land Lloyd's List Summit: Top figures ponder what changes we may see in our lifetime
Tanker investor targeted again GREEK businessman Dimitris Cambis has once again been sanctioned by the US government for his ties to Iranian oil shipping
Western Bulk Carriers raises NK300M WESTERN Bulk Carriers, the privately owned Norwegian drybulk shiping company with a fleet of about 120 ships, has raised NK300M ($52M) through an issue of four year notes
Union Transport enters administration UK-based shortsea dry cargo carrier Union Transport has run out of cash amid a prolonged freight slump in the intra-European trades
Container rate slump continues SPOT freight rates on the major Far East export routes continued their slump this week despite a number of blanked sailings by the container lines
Cosco clinches $23M deal COSCO Corp (Singapore) said today it has clinched a $23M order for a floatover launch barge
Aframax moved from Heidmar to Navig8 pool AN AFRAMAX tanker has been taken out of Heidmar's Sigma Tankers pool and placed with Singapore-based tanker pool operator Navig8
Courage Marine curbs losses SINGAPORE-listed Courage Marine has curbed its losses by 46% in the first quarter of the year due to lower fixed costs
Chinese companies win PSVs order CHINA's Sainty Marine, Ming De Heavy Industry (Ming De) and China Chengdu Import & Export Group (Chengdu IM/EX) win an order of two platform supply vessels (PSV) from a Norwegian PSV company, Sainty Marine announced on Thursday
Investors urged to buy container shipping stocks INVESTORS have been urged to invest in container carriers' stocks now as the prices and freight rates are bottoming out, said a sector analyst today
Container freight volume rises m/m THE NUMBER of containers carried by sea rose in March on the previous month, but fell slightly year on year with cold weather in Europe hurting the business, figures from Container Trade Statistics (CTS), the UK based consultancy show
Capesize market normalises CAPESIZE freight rates are softening as charterers turn to more forward dates
Nanjing Tanker wins COA extension SHANGHAI-listed Nanjing Tanker has extended a two-year contract of Affreightment (COA) with oil major ExxonMobil's Singapore subsidiary
HMM slashes 1Q losses to $116M HYUNDAI Merchant Marine today reported net losses of 126.75Bn Won ($116M) for 1Q13, a 52.3% improvement on 265.9Bn Won losses in 1Q12
MPM profits rise 121% MARCO Polo Marine of Singapore posted a 121% rise in net profit during the second quarter of the year, ended 31 March
COSCO Shipping sees a 41% m/m drop in turnover SHANGHAI-LISTED COSCO Shipping has completed 5.29Bn tonne nautical miles in April, down by 40.76% on March and 19.81% than April 2012, the company announced on Wednesday
Energy Exports Open New Avenues for Growth in US Gulf The boom in U.S. oil and gas production is transforming the infrastructure needed to deliver carbon-based fuels throughout the U.S. and especially in the Gulf ports that have traditionally served as gateways for crude oil imports. As new sources of domestic crude oil and natural gas come on line, U.S. demand...
Shippers Need to Help Truckers Cope With HOS Rules Out on the highway, truck drivers working for U.S. Xpress Enterprises are testing the new hours-of-service rules to determine how much of a hit, in terms of available hours and productivity, they will take when the rules take effect on July 1. "It's still a bit of an unknown," said John...
How Would Foxx Shape Policy at the DOT? President Obama's recent tapping of Charlotte Mayor Anthony Foxx as Department of Transportation secretary sparked speculation on the political future of the young Democratic rising star and what the pick means for the administration's high-speed rail agenda. But for shippers and transportation providers, the real questions are: Does Foxx, a relative...
Legend heads down under Carnival Cruise Lines is moving its second ship to the fast growing Australia market.
Friends in high places Having already proved it can attract quantity of investment, New York's Scorpio Tankers is apparently scoring on the quality front as well.
Carnival search called off Authorities in Australia have called off a search for two passengers missing from a Carnival Cruise Lines vessel.
Petra Perdana sheds seven Malaysia's Petra Perdana is tipped to have offloaded a bundle of ageing offshore support vessels to a mystery Nigerian buyer.
Yangfan wins bulkers China's Yangfan Shipyard has clinched a contract to build up to four bulkers for Transbulk.
Sainty muscles in China's Sainty Marine shipyard has grabbed itself a slice of PSV newbuilding action in cooperation with compatriot shipbuilder Nantong Mingde.
Diana in cape heaven Simeon Palios-led Diana Shipping has landed a stunning period deal for its latest capesize vessel, confirming a report in this week's printed edition of TradeWinds.
Clarksons more upbeat Shares in the world's largest shipbroker headed north today after it delivered a more upbeat assessment of its prospects.
MTM inks bulk duo Singapore's MTM Group has added another two handysizes to its order at Tianjin Xingang Shipyard in China.
D'Amico adds seventh Italy's d'Amico Societa di Navigazione has added a seventh eco-bulker newbuilding at China's Yangfan Shipyard.
Rustbuckets under threat? TradeWinds digests the digits making the headlines this week.
Cosco bags barge deal Cosco Corporation (Singapore) has bagged a contract to build a floatover launch barge for a Malaysian shipowner.
"Black Sea of shame" The ITF union is launching three days of action to target substandard operators putting seafarers' lives at risk in the Black Sea.
Rio Nave eyes ENVC A Brazilian shipyard could sub-let land owned by Portuguese shipbuilder Estaleiros Navais de Viana do Castelo (ENVC).
Namura profit soars Japan's Namura Shipbuilding posted a jump of over 40% in net income for the full year to 31 March.
Sanoyas earnings shrink Japanese shipbuilder Sanoyas Holdings Corp has seen profit and revenue dwindle in the year to 31 March.
Sincere books capes Taiwan's Sincere Navigation has ordered a capesize double in China.
Grounding row set for trial A dispute over a charterer's guarantee that a port had a safe draught given immediately before a panamax bulk carrier grounded appears set for trial.
HMM slashes losses Hyundai Merchant Marine (HMM) believes long-term shipping deals will provide the tonic for a turnaround of its dry cargo business.
USCG "abused power" Judge orders release of Greek bulker held in Virginia over magic pipe allegations.
A matter of scale We take a look at what was said in the market over the past week.
Fesco to keep cash Russian container line Fesco has urged shareholders to vote not to take dividends for 2012.
Seroja in profit warning Seroja Investments, the Indonesian bulker owner, has warned shareholders that it expects to post a first quarter loss.
HSS bound for scrap Stena Line's high speed sea service (HSS) ferry Stena Voyager is set to be scrapped due to escalating bunker fuel costs.
WW orders ro-ro pair Wilh Wilhelmsen ASA (WW) has ordered up to four post-panamax car carriers at Hyundai Heavy Industries.
STNG won't try dry The private Scorpio group is evaluating investor requests that it look into launching a new company in dry bulk, but public Scorpio Tankers would play no part in operating bulkers, its president told TradeWinds on Thursday.
Port of Virginia reforms moving quickly, officials say The VPA Board of Commissioners expects to announce how it will reorganize the VPA and Virginia International Terminals (VIT), the state's in-house terminal management company, at its next meeting on May 28.
Crowley enters LNG market The liner said its petroleum services group is entering the liquefied natural gas market by acquiring Carib Energy, a Florida-based company that was founded in 2011 to export LNG to industrial facilities in the Caribbean and Latin America.
IAG Cargo has tough 1Q Officials blamed weak market conditions on IAG's sluggish North American trade lane and industrial action at Iberia earlier in the year for the poor load factors. "We have a huge amount of our capacity on the transatlantic," IAG's Steve Gunning said.
UPS adds winglets to 767 fleet The move will save each plane 4 percent of its current fuel expenditure by reducing drag during flight. The winglets also reduce noise emissions and improve performance during take off, according to the integrator.
YRC keeps ABF in its acquisition sight
Descartes' white label booking system for IAG Cargo
Weekly global market update A weekly price round up of bunkering hubs from around the globe.
Bunker prices mixed in the Americas Demand on the US Gulf was soft, according to local players.
More Triple-E orders on the horizon United Arab Shipping Co reported to be close to ordering five 'mega' containerships.
US adds shipping company to sanctions list Company accused of ship-to-ship transfers linked to Greek shipowner.
Market drops in Fujairah Cape Town reporting good avails.
Week ends on mixed in Northwest Europe Gibraltar remains congested.
'Eco' addition makes seven Italian owner takes up 'eco' bulker option
Widespread inability to comply with global sulphur cap in 2020 Even in 2025 there would be shortages and initial compliance would not be very high due to lack of enforcement, IBC 34 is told.
EU: Potential for confusing enforcement of sulphur regulation Revised sulphur directive seeks alignment with IMO guidelines on sampling and sulphur testing, but member states could interpret it differently.
Fears of tight June fuel oil market recede Market will have received 'hefty' volume of fuel oil in May.
Singapore LNG terminal starts operations Third jetty could be in line for LNG bunkering, say sources.
Asian IFO prices mostly end week lower Prices drop in Singapore, Hong Kong and Busan.
Canival UK: Cruise ships to get 'bigger' on rising bunker costs 'Cruise ships likely to be visiting fewer ports,' says CEO.
High bunker prices will spur innovation Automation and steel replacement could transform shipping.
Dan-Bunkering moves experienced trader to Singapore Koh Kuan Hua has worked at firm's Shanghai office for almost three years.
Teekay Tankers turns red on lower spot rates 'Company remains well-positioned for an expected market recovery,' says CEO.
Buckeye posts growing profits for Q1 Fuel oil business in Caribbean records revenue of $118.15 million.
US cruise liner falls to loss in Q1 But managed to lower year-on-year fuel costs by $600,000 as a result of lower prices and lower consumption.
Singapore named Asia's 'best seaport' Port was recognised for its 'cost competitiveness' and 'container shipping-friendly fee regime', among others.
Pakistan supplier signs sales agreement with Total Zak Bunkers able to distribute 'full range' of Total Lubmarine products at Pakistan ports.
COSCON announces bunker adjustment factor Charges will affect shipments in the Europe-Mediterranean and Europe-South American trades.
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