Environmental Ship Index attracts growing interest among ports Backing for cleaner shipping boosted by concern over emissions affecting local people's health when a vessel calls
Wärtsilä boosts its R&D budget with $67m loan Funds will help in development of new range of engines
Lifeboat safety probe will focus on release hooks Ahead of the investigation into the Thomson Majesty deaths, experts tell Lloyd's List about their crew safety concerns
Aker Philadelphia hints at order for up to four more Jones Act product tankers Popular line of vessels could build on earlier deliveries to OSG and Crowley
Thomson Majesty deaths raise crew issues Probe may focus on deployment of seafarers during lifeboat drills
Evacuation options are all at sea Lifeboats may offer little more than a security blanket, says expert
Poor design? Tests will show whether Emma Maersk engine flood was accidental or due to a structure flaw
Unsure shores Being forced to apply for visas can make life difficult for seafarers
Dilution only makes everything weaker Measures outlined in the Marine Navigational Bill have worrying implications for safety
Insurance tax could bankrupt 1,000 KG ships Insolvent owners would queue outside courts, says Hansa Treuhand boss
Greater insurer competition driving down K&R rates New ideas being touted for West Africa, says Willis
ISF urges an end to the impasse on seafarers' right to shore leave Port states that demand visas must let crew apply on arrival
Emma Maersk is towed to Palermo for repairs Fincantieri will pump 13,000 cu m of seawater from flooded engineroom
Crew kidnapped from service vessel in new West Africa attack Intelligence companies debate K&R and oil theft
LPG carrier owner loses $400,000 per month after court seizes vessel Norgas Cathinka held 'hostage' in Indonesia since September, IM Skaugen claims
China sees slower growth in coastal dry bulk shipping capacity Segment outstripped by tanker expansion, says transport ministry
LA and Long Beach post 5% rise in throughput Los Angeles posts fall in annual liftings of 4% but Long Beach sees near 18% rise
IFC eyes larger presence in ship and port financing World Bank's private sector funding arm could back merchant vessels
No Brics have opted out of Marpol Annex VI The IMO has yet to hear from any country planning to apply an EEDI waiver
Suez office evacuated, but canal's normal PORT SAID protesters demonstrated again today after laying siege to the port authority headquarters over the weekend, but the Suez Canal was reported today to be operating normally
Unrest hurts Suez traffic TRAFFIC through the Suez Canal reportedly dropped 16% last month, compared with transits of January 2012
EU transport cuts assailed EUROPE'S transport industry has called deep cuts in its part of the EU budget a "missed opportunity"
K+N launches reefer LCL LOGISTICS giant Kuehne + Nagel is breaking new ground in reefer ocean freight, with the launch of less-than-container load reefer services
Growth slows for China's coastal drybulkers CHINA'S drybulker fleet on coastal trades increased 15.2% year on year to 49.4M dwt at the end of 2012, Beijing said today
Bharati falls to losses BHARATI Shipyard said today it fell to losses of 1.33Bn rupees ($25M) in its October-December quarter of 2012
UK Leans Toward Royal Mail IPO An initial public offering of Royal Mail within the coming year is emerging as the most likely path to the long-stalled privatization of the U.K.'s state-owned postal operator. The current strength of stock markets is increasing the attractions of an IPO, the business minister said. "There are certain advantages in an...
Damaged Emma Maersk Headed to Sicily Repair Yard The Emma Maersk, the world's largest container ship, is being towed by tug to a ship repair yard in Sicily after its engine room flooded during an accident as it was about to transit the Suez Canal en route to Europe at the beginning of February. The vessel, capable of carrying...
WCI: Backhaul Rates Ease Slightly Backhaul east-west container rates slipped last week in the Europe-to-Asia and trans-Pacific westbound lanes after racking up strong gains in both lanes the week before, according to the latest release of the World Container Index. World Container Index Rates to ShanghaiSource: WCI For a larger version of the chart, click on the...
India's Trade Deficit Expands India's trade deficit from April 2012 to January 2013 was $167.2 billion, expanding from last year's deficit of $154.9 billion during the same period in the previous year. The value of exports from April to January was $239.7 billion, falling 5 percent from $251.9 billion during the same period from 2011...
CMA CGM to Hike Asia Rates CMA CGM will hike rates on its trade from northern Europe to India and Pakistan, effective March 3. The increase will be $150 per 20-foot dry container and $200 per 40-foot dry container. Effective March 15, the ocean carrier will hike rates from all Asian ports to the east and west Mediterranean...
China Logistics Expects China-South America Volume to Double China Logistics Group expects shipping volume on its South American route out of Shanghai to double in 2013. The international freight forwarder and logistics management company began offering freight forwarding services from China to destinations in South America in March 2012. Freight forwarding services to Brazil and Argentina out of Shanghai...
Chinese economy hits recovery mode If the gloomier prognoses of such heavyweight commentators as Nouriel Roubini, George Soros, Jim Chanos and George Magnus had been borne out, China would even now ...
Emma Maersk is towed to Palermo for repairs The giant containership "Emma" ...
Cameron in UK - India trade drive The UK's prime minister, David Cameron said that the UK could 'forge one of the great partnerships of the 21st Century with India' as he arrived in Mumbai today for ...
DSV buys Seatainers Danish logistics operator DSV has signed an agreement to acquire specialist project logistics compatriot company Seatainers Group.The services portfolio of Seatainers ...
Gulftainer post 24% increase Sharjah, UAE-based Gulftainer Company saw a 24% increase in trade volumes in 2012, compared with the year earlier, led by a massive 28% growth at its Khorfakkan ...
US shippers still have east coast concerns A large US clothing retailer contact of New York-based analyst Scott Group and Ed Wolfe is continuing to divert its imports via Los Angeles and Long Beach until ...
STX takes Target ship Greek owner Target Marine has secured period work for one of its two supramax bulkers at a reduced rate.
Young Brothers flat US liner company Young Brothers has posted stable cargo volumes in 2012, but it said the fourth quarter was stronger.
Stolt buys a double Stolt-Nielsen has laid down over $50m to buy two tankers it has previously had on charter, brokers say.
GOL doubles up India's GOL Offshore has posted a big jump in earnings in the third quarter.
Billion dollar Bumi Malaysia's Bumi Armada has confirmed a second major contract with India's ONGC that could be worth over $1bn.
ALG profit sinks All Leisure Group squeezed a narrow profit in fiscal 2012 despite losses from its cruise ship division.
Varun paying its dues India's Varun Shipping says it is on the path to recovery after a number of vessel arrests in the last few months.
Papal appointment The chairman of German shipbuilder and repair outfit Blohm + Voss has been appointed the next head of the Vatican Bank.
Crew fraud thwarted German police have prevented the entry into the country of 25 Ghanaians posing as seafarers.
Cido boss jailed Cido Shipping boss Kwon Hyuk has been sent to prison for four years and hit with a fine of more than $200m after being convicted of tax evasion.
MBC orders supramax Malaysian Bulk Carriers (MBC) is heading to Japan for a supramax bulker newbuilding.
Fredriksen's forgotten millions Focus within John Fredriksen's shipping empire may have shifted to Frontline 2012 but the Norwegian magnate still has a valuable investment in the original Frontline.
Polarcus calls in V.Ships Polarcus has turned to V.Ships to help with the crewing of a seismic vessel operating off turkey.
DSME bags Statoil job Daewoo Shipbuilding & Marine Engineering (DSME) has bagged a deal with Norwegian energy company Statoil to provide topsides for a North Sea production platform.
Strike delayed Bangladeshi shipowners have halted strike action over a lack of state help for coastal shipping.
Palmali eyes IPO Turkish tanker owner Palmali has revived talk of an IPO, with a listing planned in New York or London.
Siem taunts 'predators' Reefer owner Siem Shipping has cut back on the red ink staining its balance sheet in the final quarter of 2012.
Double trouble A Russian tanker has suffered its second engine failure in the space of two weeks in the Sea of Japan.
Atlantska heads into red Croatia's Atlantska Plovidba has revealed a loss for 2012 as costs beat revenue.
SHI confirms box bonanza Samsung Heavy Industries has confirmed a giant containership order from Compania Sud Americana de Vapores (CSAV).
Suez sees drop off The Suez Canal has seen revenues for January fall by over 9% on the back of the political upheavals in the country.
Uljanik loss jumps Croatian owner Uljanik Plovidba has posted a bigger loss for 2012 despite rising revenue.
Four for Aker Phil Aker Philadelphia Shipyard of the US has lined up a deal to build up to four products tankers.
Hoegh ATM? Hoegh LNG may have disappointed the market with its fourth quarter results on Friday but analysts are confident about the Oslo-listed owner's progress.
OSS bulker sinks One crewman has died and another 14 are missing after a Singapore-owned bulker sank off the Philippines.
IMS to focus on gas IM Skaugen looks set to jettison its China and SPT operations as it looks to focus on gas transportation activities.
Ezion adds to backlog Ezion Holdings has won a further liftboat charter contract this time from a South Asian based national oil company.
Vroon seals AHTS loan Vroon has secured a $41m loan from Standard Chartered Bank to go towards investment in the offshore sector.
Skaugen slams Indonesia IM Skaugen has publically criticised Indonesian authorities over the fatal collision between a ferry and one of its ships last year.
Emma leaves Suez A Maersk Line containership that suffered a flooded engine room in the Suez Canal has left the Egyptian port under tow.
Portland approves assistance to terminal operator Port commissioners last week voted to give up to $3.7 million in rent rebates ($308,333 per month) to ICTSI Oregon, the manager of its main container facility, because of reduced productivity linked to an ongoing labor dispute.
TNT looks to brighter 2013 Fourth-quarter results presented further disappointment for the express carrier, showing a 0.5-percent, year-over-year, decline in revenue to 1.86 billion euros, coupled with an operating income loss of 71 million euros.
Call for U.S. action on Rotterdam Rules The NIT League, World Shipping Council, and Maritime Law Association of the United States are calling on the State Department to review and approve the international maritime cargo liability convention.
Liner carriers hike transatlantic rates
Emma Maersk towed to Palermo for repair The Danish liner carrier said alternative arrangements for the loaded boxes on the ship were made whereby sensitive cargo was put on board vessels in its existing network shortly after the incident.
OW Bunker launches second supply vessel in North America Vessel will be operating in international waters off both the Texas and Louisiana coastlines.
Prices show mix trends in Fujairah Prices rising in South Africa.
Bunker prices soften across Europe Moderate activity recorded in Gibraltar.
Asian fuel oil market has 'surplus' of low viscosity material Traders point to inflows of straight-run Iranian product.
New Algeciras oil storage terminal on track for Q1 opening 'They are testing the terminal now,' says industry source.
Bunker delivery note 'best for CO2 data', say shipowners And flag states should be relevant authority for CO2 data collection.
Shipyards competing on fuel-efficient designs 'Ship owner's focus in asking for tenders was on how environment-friendly the ships would be.'
Off-spec bunkers have low flash point DNVPS issues bunker alert on samples taken in Russian port.
Bunker prices falling in Asia Singapore's price of benchmark 380 cSt bunker fuel fell $2.00 to average $658.50 pmt.
Vinashinlines left to go bankrupt Parent company to close weakest subsidiaries.
Bulk carrier sinks resulting in loss of life Philippine Coast Guard checking for any possible oil spill.
Shipowners want 'pragmatic solutions' 'This is not always about the letter of the law,' says maritime law firm.
Environmentalists claim bunker spill in Antarctic waters Crew members claim they 'saw and smelt' oil being washed into the sea during refuelling operations.
Tanker earnings now 'zero', says Braemar Oversupply of vessels and high bunker costs are factors resulting in low earnings.
NZ company plans to boost biodiesel production Green Fuels NZ is aiming to reduce carbon, sulphur and other tailpipe emissions in marine diesel engine applications.
South China fuel oil imports to fall in February First fuel oil imports expected from the United States.
Bapco 'likely' to raise gasoil premiums further In Q1, company sold gasoil at a premium of $3.00 per barrel above Middle East quotes.
Are We Prepared? Infrastructure currently in place to support widespread adoption of LNG is still in its infancy.
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