Do not dismiss heavy fuel oil says Lloyd's Register Free to read: New study on future fuel-use trends expects shipping demand to grow
Ukraine crisis could raise the risk of charterparty disputes It is too early to see shipping as a sanctions target, says Watson Farley Williams
Tanker owners slam the costs of complying with green legislation Free to read: Burden of compliance could derail a shipping recovery, Finlay tells conference
Asia-Europe volumes rise 8% in January Trade carries the largest number of containers for a month since August
Just three vessels reported sold in a quiet week for scrapping Pakistan has lagged behind India on price but remains the go-to market for VLCCs
Dry bulk spot market opportunities tempt Norden Cash ready for newbuildings and more vessels are left open to tap market growth
SFI enters post-panamax market with purchase of two ships Risk-reward profile for low-investment vessels is attractive, says Hjertaker
Obituary: Bob Crow Chamber of Shipping and Nautilus pay tribute to RMT ratings leader who has died aged 52
Feeder lines between US and Puerto Rico settle price-fixing charges Claims against Sea Star Line and Horizon Line relate to US government cargoes
Sinotrans Shipping reports a 79% drop in annual profit UPDATE: Company tipped to lead the charge in consolidating group assets
What's in a name? NileDutch has made a success of West Africa and sees a bright future ahead despite current difficulties
Sinopacific wins order for up to four 'designer' bulkers Shandong commodity group Bohi Industry buys Crown MHI 82 eco ships
Arctic offers opportunities and risks for shipping and offshore, says DNV GL Ørbeck-Nilssen highlights first-mover advantage for those ready to get ahead now
Data Hub: America Load Factors Load factors on some of the main American trade lanes are set to improve this year, but is it enough to increase prices?
Three robberies in the Malacca Straits could be linked to the same group Recaap urges vigilance after one March attack succeeds, as Recaap urges vigilance
NYK signs 15-year contract with Mexico for bulker built at Oshima Panamax will haul salt cargoes to the US west coast
NYK to charter 14,000 teu newbuildings Japanese line is finalising a contract for 2016 delivery
Euroseas nets $14.4m from private placement Unnamed investor's cash injection will fund vessel orders and acquisitions
Box Ships axes dividend NYSE-listed Box Ships has opted not to pay a dividend for its latest quarter as a result of concerns over waning time-charter rates
Public owners tap private investors Two NASDAQ-listed shipping companies, Euroseas and NewLead, have announced equity sales to private investors
Congestion could hinder US box volume Backups and delays at US ports triggered by severe weather and intermodal equipment shortages could hinder box flows, a US importer group has cautioned
Jones Act carriers settle price-fixing suit Sea Star Line and Horizon Lines have agreed to pay $1.9M and $1.5M, respectively to settle a civil lawsuit alleging price fixing
Trojan wins approval for BWT suite Trojan Technologies has secured Type Approval from the International Maritime Organization for its ballast water treatment (BWT) product suite
MOL keen to grow presence in Myanmar Japan's biggest shipping company, Mitsui OSK Lines, is keen to tap into Myanmar's economic development
Sinopacific secures drybulkers Sinopacific Shipbuilding Group said today it has signed a newbuilding contract with Shandong Bohi Industry to build two CROWN MHI 82 bulk carriers, with options for another two
NYK seals 15-year bulker charter Nippon Yusen Kaisha subsidiary NYK Bulk & Projects Carriers said today it has sealed a 15-year charter of a newly-built bulk carrier to transport salt for US-based Baja Bulk Carriers
Otto Marine unit buys AHTS from Sinwa A subsidiary of Singapore-based offshore vessel owner Otto Marine will purchase an anchor handling tug supply vessel from compatriot owner Sinwa
Unithai expands operations to tap on offshore sector Thai shipyard Unithai Shipyard and Engineering has expanded its operations to support the steady growth of the offshore sector
NY-NJ Truckers' Complaint: No Chassis Congestion at New York-New Jersey port terminals has begun to ease with improved weather and the post-Chinese New Year lull in imports, but motor carriers say operations remain hampered by a shortage of chassis. Motor carriers say drivers waste hours waiting for chassis at equipment yards. "There'll be 40 guys in...
Truck Tonnage, LTL Yield Rising at ODFL Tonnage is growing by double digits for Old Dominion Freight Line, rising 11.7 percent year-over-year in February after climbing 10.1 percent in January. The increase in tons per day indicates the fifth-largest less-than-truckload carrier is gaining market share, David S. Congdon, ODFL president and CEO, said March 10. ODFL raised expectations for...
Ship Finance International Buys More Container Ships Ship Finance International today announced the acquisition of two 5,800-TEU post-Panamax container ships from a German KG fund just a week after the NYSE-listed company bought seven 4,100-TEU vessels from a German charter shipowner. Bermuda-based SFI said the two ships, which were built in 2001-2, will be delivered in the next...
Seattle, Tacoma Ports Get FMC Blessing to Share Information West Coast Container Market Share of the Ports of Seattle and Tacoma, 2011 to 2013 Full-size chart The ports of Seattle and Tacoma can each gather information on their operations, facilities and rates, and share the data with the other after the Federal Maritime Commission unanimously approved the discussion agreement last week. The...
US Intermodal Rates Edge Up as Chicago Digs Out Top 36 lane index, week of March 10, 2014 Full-size image An index of 36 major U.S. intermodal lanes edged up 0.1 percent from the week before to $2,080 in the week of March 10, the sixth straight weekly increase by roughly 1 percent or less, according to data on all-inclusive 53-foot...
UASC Ups Competitive Pressure With Sixth 18,000-TEU Ship United Arab Shipping Company's decision to exercise an option for a sixth 18,000-TEU vessel simultaneously highlighted the growing importance of size as ocean carriers seek to cut unit costs and increased the pressure on rivals to scale up to mega ships. This week's announcement by the Dubai-based carrier has boosted the...
Global Ship Lease Relaunches $400 Million Note Issue Global Ship Lease yesterday announced it is relaunching its offer of $400 million of first priority secured notes in a private placement which the NYSE-listed container ship charter owner pulled in December. The London-headquartered company will use its 17 vessels, all on charter to French ocean carrier CMA CGM, to guarantee...
Truck Drivers Go On Strike in Vancouver Truck drivers at Port Metro Vancouver on March 10 picketed the Pacific Coast port to protest extensive delays at marine terminals that the truckers say are making their economic situation intolerable. The port authority said only 10 percent of the normal truck traffic was getting into and out of the marine...
Tanker breaks blockade A North Korean tanker carrying crude from a rebel-held oil terminal in eastern Libya appears to have broken through a naval blockade.
TMT readies sale Bankrupt Taiwanese shipowner Today Makes Tomorrow (TMT) is gearing up for a campaign to offload one of its panamax bulkers.
Uljanik scoops another Croatian shipyard Uljanik has announced a deal to build a dredger for Jan De Nul.
SITC stronger Hong Kong-listed boxship owner SITC has posted a bigger profit for 2013 as revenue increased.
Bulker pay-out for SFL Ship Finance International (SFL) will make a profit of $25m after settling a row over charter terminations.
Euroseas builds war chest Greek owner Euroseas has another lump sum to pursue ship sales after its latest share sale.
Sembcorp clinches cruise deal Sembcorp Marine's Sembawang Shipyard has won a contract to upgrade a Royal Caribbean cruiseship.
Hanjin raising more money Korea's Hanjin Shipping has boosted its bank balance further through a bond sale.
JES wins again JES International Holdings has announced another bulker order, bringing its recent contract gains to $692m if all options are declared.
King John's cape crusade John Fredriksen has been crowned the new capesize king of Wall Street after a deal which saw Knightsbridge Tankers anointed the high yield cape vehicle for Frontline 2012.
RMT chief Bob Crow dies The UK Chamber of Shipping has paid tribute to union leader Bob Crow, who died on Tuesday.
PGS fixes $305m loan Norway's Petroleum Geo-Services (PGS) has finalised two loans worth a combined $305m for its last two seismic survey newbuildings at Mitsubishi in Japan.
Vard lands its biggest ship Fincantieri-owned Vard Holdings has announced an order for its biggest-ever newbuilding.
Norden builds orderbook Norden has taken its newbuilding investment programme past the $1bn mark following its latest visit to a Japanese shipyard.
Another two for SFL New York-listed Ship Finance International (SFL) has bought another two boxships backed by long-term charters.
Norden aims for more Norden is looking for a rise in profitability during the coming year after it posted a smaller but unsatisfactory loss in 2013.
Hanjin selling Algeciras Hanjin Shipping has selected a preferred bidder to take over its terminal in Algeciras, Spain.
AdvanFort crew stays put An Indian magistrate has extended the custody of 35 crew and guards on a ship operated by US security firm AdvanFort in a row over weapons on board.
Korean tanker seized Libyan forces have seized a North Korean tanker that loaded crude in a rebel-controlled port.
NYK in salt shipment deal NYK has secured a fifteen year charter to ship salt from Mexico to the US, the Japanese shipowner revealed Tuesday.
Greek tanker arrested Singapore's admiralty sheriff has arrested a Greek-owned chemical tanker latest court documents show.
Sinotrans suffers in FY2013 China's Sinotrans Shipping has seen full-year profit plunge nearly 80% in financial figures released late last night.
Focus turns to salvage Greek authorities have turned their attention to preventing a grounded containership creating an environmental disaster.
Trio hit off Singapore Three vessels have been targeted by what is suspected to be the same gang of robbers in less than a week off Singapore.
FAA to appeal drone ruling The ruling, which found that the FAA doesn't have jurisdiction because the unmanned aerial vehicle didn't fit the "aircraft" classification, could have implications for the regulation of commercial drone use.
FMC: Seattle-Tacoma port agreement in effect The Federal Maritime Commission "unanimously voted to effectively allow the Ports of Seattle and Tacoma to move forward on a cooperative agreement to exchange information and work together to find synergies," Commissioner William Doyle said.
Chiquita, Fyffes merger means impact for breakbulk reefer The announcement Monday that two big fruit companies -- Chiquita and Fyffes -- plan to merge also means that two of the top 10 operators of conventional breakbulk reefer ships will combine.
Old Dominion expects Q1 tonnage, revenue to surpass predictions
JaxPort launches design phase for intermodal facility
Union strike disrupts Vancouver port
U.S. Bank, Nexus partner on paperless invoice-payment options
Hanjin to stay at Port of Portland
Global Terminal upgrades system
Steel exports in January behind 2013's pace U.S. steel exports were 963,060 tons in January, up 10.5 percent from December 2013, but 10.6 percent lower than in January 2013, according to U.S. government data.
Bunker vessels 'upgraded' ahead of new regulations Turkey wants its bunker fleet to conform to IMO and EU regulations.
Cruise line books loss But sees savings on fuel costs.
Fujairah delivery schedules 'tight' Prices in Middle East and Africa show little movement.
Price trends lack direction But Rotterdam market firms.
Chinese order for 'eco' ships Both owner and yard based in China.
Demand for seaborne trade 'continues to increase' New orders: 'The necessity to address bunker consumption has been a real driver.'
Suppliers see rise in quality and quantity claims But WFS and Cockett see smaller numbers of registered off-spec claims than reported by fuel testing agencies.
West African piracy 'damaging Nigerian oil sector' 'A large share of the recent piracy attacks targeted vessels carrying petroleum products.'
Classification society to release report on LNG bunkering ABS has been looking at regulatory issues in North America.
Asian IFO prices trading flat Narrow-range trading seen this Tuesday.
'Eco-ship' shuttle bulker secures charter Vessel will be built in a Japanese shipyard and delivered in August 2014.
Singapore: Attempts to rob three ships Believed to be work of same gang.
Troubled box shipping giant slash losses High bunker costs help keep South Korean firm in the red.
Bunker storage terminal owner makes annual loss Firm bought four storage terminals in December 2013 for $60 million.
Phillipines: Poor bunkering facilities blamed for high shipping costs 'Underdeveloped' port layout linked to high domestic shipping costs.
Cruise ship software promises to save on fuel RINA adds own product to growing list of fuel-saving software.
First Atlantic Canada port to begin shore power services Installation work due to complete ahead of this year's cruise season.
- 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
