US keeps sanctions pressure on Iran America pressed ahead today with sanctions against vessel owners and operators linked to Iran's oil regime despite last month's Geneva accord giving Iran temporary sanction relief
US lawmakers weigh maritime security risks Budget cuts proposed by the Obama Administration could put the US and countries it helps protect overseas at greater security risk, lawmakers have warned
Hartmann expands West Africa service German shipowner Hartmann Group today announced the expansion of its Europe/West Africa break-bulk liner service early next year
Salvage industry needs to improve refuge for casualties There is a lack of progress on places of refuge for casualties and this is impacting upon the cost of operations, speakers at the Salvage and Wreck conference in London this week have warned
ULC deliveries to slow again The supply of ultra large container vessels will slow this year on the past two years, according to Peter Sand, chief shipping economist at BIMCO in Denmark
VLCC newbuilding price tag approaching $100M Newbuilding prices of VLCCs have hit a 2013 high and are close to reaching the $100M level, said Fearnresearch, the shipping market research unit in the Astrup Fearnley financial and shipping services group in Oslo
Australia: Watchkeepers to blame for most ship collisions The Australian Transport Safety Bureau said today that many collisions result from watchkeepers failing to keep a proper lookout
GE won a contract to supply dynamic positioning GE's Power Conversion business has won a contract for the supply of dynamic positioning (DP) for a floating accommodation vessel that COSCO (Nantong) Shipyard is building for Logitel Offshore
China's coastal shipping capacity growth slows The total dry bulk shipping capacity involved in China's coastal transport has risen from 2Q13, amounting to 1,660 vessels as of 30 September, reported the Ministry of Transport on 10 December
Hanjin Shipping eyes parent merger Stock prices of Hanjin Shipping and its parent Hanjin Shipping Holdings rose on the start of trading today, following rumours of a merger between the two
A New Year's SCRU? Would you believe Scorpio Crude?
Double blow for Daiichi Daiichi Chuo Kisen has had to pay out a whopping $16.7m to cancel two panamax-bulker charter contracts.
Delay downs Seabird SeaBird Exploration has finally given up on a contract after a series of delays.
Kerch sale wrapped up? Ukraine's state property fund is auctioning off Kerch Shipyard.
BP confirms MR haul BP Shipping has signed a deal with Hyundai Mipo Dockyard (HMD) to build 14 medium-range (MR) product tankers.
TEN admits aframax deal Tsakos Energy Navigation has confirmed a five strong tanker order against contracts with Statoil in a deal first uncovered by TradeWinds almost a month ago.
DFDS' Syrian mission Two DFDS ro-ros have been tasked with helping dispose of Syria's chemical weapons stockpile.
Norden still a buyer Norden has vowed to continue expansion efforts as it puts the finishing touched to its next strategic plan.
KNOT seals FSO deal Knutsen NYK Offshore Tankers is branching out into the floating storage and offloading (FSO) business, it confirmed today.
SALT dips in NY debut Scorpio Bulkers (SALT) has seen its stock fall on Thursday after pricing its New York IPO at $9.75 per share, with proceeds expected to be a maximum of $325m.
A suezmax a day? Oil demand will rise by the equivalent of at least a suezmax per day in 2014, the International Energy Agency (IEA) has forecast.
Drydocks partners Poles Dubai's Drydocks World is eyeing more offshore business in a partnership with a Polish fund.
More for Mipo? Hyundai Mipo Dockyard continues to build its orderbook with a deal for six more product/chemical carriers.
Another day, another $50m Scorpio Bulkers has added another $51m to its IPO total as it prepares to debut the stock in New York on Thursday.
TOPS joins eco rush Top Ships has dived into the newbuilding market three months after offloading its entire fleet to private investors.
KSINC eyes new ship India's Kerala State Inland Navigation Corporation (KSINC) is ordering a new fast ferry for a Kochi service.
Vinalines six stand trial Six former Vinalines executives and other officials have appeared in a Vietnamese court accused of fraud.
Nour-M goes down A Turkish ship detained over its weapons cargo has sunk in a storm in Rhodes.
Swiber sells barge stake Swiber Holdings has offloaded a 33% stake in the 3,000t heavy lift derrick and pipe-laying barge PWJ 3000 (built 2010) for $52m.
HitecVision in anchor move HitecVision continues to expand its offshore investments this time acquiring a major stake in Vryhof Anchors.
BHP lifts Oz output BHP Billiton is to spend $301m replacing two shiploaders at its Nelson Point port operations in Australia's Port Hedland.
DOT deputy secretary steps down John Porcari, who has served as the deputy secretary of transportation for four and a half years, is stepping down at the end of the year, and Victor Mendez will take over as acting secretary.
Airline financial outlook strengthens Airlines are expected to see a global net profit of $12.9 billion for 2013, improving to a net profit of $19.7 billion in 2014, according to IATA. In September, IATA had anticipated profits of $11.7 billion in 2013 and $16.4 billion in 2014.
BNSF announces transition from Rose to Ice BNSF's long-time Chief Executive Officer and Chairman Matthew Rose will step aside Jan. 1. Carl Ice, the current president/chief operating officer, will become president and chief executive officer.
Asian airlines support third Hong Kong runway
Crowley adds 537 cargo containers
AA cargo volumes up in November
ATSG acquires equity interest in West Atlantic AB
Interbake utilizes LeanLogistics system
Record November for Cargolux
Xian plans inland port
Kuehne + Nagel expands Belgium warehouse
Executive moves
TNT Express expands freight service
Industrial expansion boosts New Orleans port, LaGrange says
Report: EC transport chief supports P3 Siim Kallas, the vice president of the European Commission responsible for transport, told a Danish publication that the proposed P3 Alliance between Maersk Line, MSC and CGM CGA is "a very good idea."
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
