Dedicated ro-pax CO2 metrics will reward efficient operators, says Interferry Ro pax vessels such as Veteran (pictured) carry mixed cargo loads. Credit: DamenDedicated operational parameters by which ro-pax ships can measure their CO2 emissions under Europe's upcoming monitoring scheme will be announced by 18 December this year. Under Europe's Monitoring, Reporting and Verification regulation, which comes into force on 1 January...
Converted ferry reported to have capsized off Fiji Ex-ferry Suilven. Credit: Trevor CoppockA 41-year-old former Calmac ferry, Suilven, has reportedly capsized close to the Suva harbour entrance in Fiji. For some years it also served on the Cook Strait on the Wellington-Picton and later the Wellington-Nelson routes. It is understood that the vessel is owned by Venus Shipping of Fiji,...
South Korea's Dong-Ah wins Yeosu port work contract Yeosu, South Korea. Credit: PASouth Korean construction firm Dong-Ah Geological Engineering said on 24 November that it has been subcontracted to work on part of the outer facilities for the Yeosu New North Port project. Hyundai Engineering & Construction is the main contractor for the project, which would serve as an...
Dry bulk shipping market hurt by drop in China's coking coal imports Coking coal being loaded on a ship bound for China. Credit: HasenpuschChina's coking coal imports are expected to decline substantially this year, adding to the already dismal picture for dry bulk shipping. Seaborne coking coal is usually transported on Capesizes from Australia and Panamaxes from Indonesia and the US. Weakening steel production...
Impairment charge plunges Seadrill into multi-billion dollar loss A Seadrill rig. Credit: SeadrillDrill ship and rig operator Seadrill has reported a huge loss for both 3Q15 and 1H15 on the back of a USD1.8 billion impairment charge relating to two companies in which it has a stake. The London-listed group posted a net loss of USD1.9 billion in 3Q15...
Throughput falls at China's top-eight ports amid worsening trade data China's Dalian port. Credit: PAChina's top-eight container ports handled fewer containers in October compared with the same period last year as customs data for the month showed worse than expected international trade figures. The ports of Dalian, Guangzhou, Ningbo-Zhoushan, Qingdao, Shanghai, Shenzhen, Tianjin, and Xiamen handled a combined throughput of 12.45...
Galactic Maritime bags $8m Malaysian dredging job Malaysian reclamation company Galactic Maritime has won a dredging project worth MYR34.5 million (USD8 million) in Penang, Malaysia. The contract, signed with Malaysia-based Alam Seada, requires Galactic Maritime to supply three vessels for dredging and land reclamation works in Penang, including transporting around 3 million m³ of sand for the project. Malaysia-listed...
Swire expands Aussie bulk coverage despite tough market Swire Shipping's MV Erradale loading US West Coast logs. Source: Swire Shipping.Swire Shipping is growing its Australia operations, bucking a slowdown in the industry that has seen other carriers closing shop. The Singapore-based shipping line announced that Swire Bulk was opening a desk at its Melbourne office alongside its liner...
ITF union calls for nationalisation of Indonesian oil and gas assets The International Transport Workers' Federation has called on the president of Indonesia to reconsider Chevron's USD12 billion deepwater development project in the country and nationalise the nation's untapped oil and gas assets. In a letter to President Joko Widodo, also provided to IHS Fairplay, ITF Asia Pacific chairman Hanafi Rustandi urged...
Swire Bulk sets up desk in Australia Swire Shipping has bucked the trend in Australia, expanding its operations while other shipping lines are closing shop. On 23 November, Swire Bulk announced that it was opening a desk at its Melbourne office alongside its liner division. Adam Lucas, general manager Australia, and Antony Riley, assistant chartering manager, will...
South America's bulk shipping still positive Vale iron ore mine. Credit: PA.It has been a year of setbacks for South America. GDP growth has slid. Currency exchange rates have fallen versus the US dollar, jeopardising import demand, while China's pullback is threatening South American commodity exports. Nevertheless, a feared drop in dry and liquid bulk shipping...
Iran's return to full oil exports will be positive not a threat, says Frontline Opportunities will arise for foreign tankers to haul cargoes from Iran, predicts Frontline's Macleod
North P&I predicts return to underwriting profit Combined ratio will fall from 109% to 89%, says marine mutual
The results round-up Offshore and dry bulk continues to suffer, while tankers and lessors enjoy a profitable third quarter
Lidinsky to step down after six years at FMC White House nominates Daniel Maffei as successor
StealthGas sees profits dip in weak spot market Owner keeps up pace on share buybacks
Lavinia emerges as buyer of unfinished Chinese bulker hulls Laskaridis family group estimates vessels need up to $4m apiece to finish
Suezmax and aframax rates firm up amid healthy vessel demand Black Sea suezmax and Carribbean and US Gulf aframax trades support rates
Rolls-Royce eyes marine business sale Chief executive review of business could see wide-ranging changes to keep shareholders happy
Crude tanker charter rates boost SFI Fredriksen-linked leasing unit reports $45.5m net profit
BIMCO adds anti-corruption clause Association moves to help stamp out illegal payments in shipping
ClassNK amends rules after MOL Comfort catastrophe Japanese class society to adopt amendments ahead of IACS deadline
Supramax Index lowest since January 2009 BSI falls to near all-time low amid persistent oversupply
Ocean protection a matter of life and death, says Sasakawa Industry veteran calls for unified global body to protect seas for future generations
Aurora LPG hit by time charter exposure Oslo-listed firm close to fully financing five of its six newbuilding vessels
Seadrill impairments top $1.8bn Drilling arm of Fredriksen empire reports heavy third-quarter loss
Golden Ocean reports $40.7m loss for third quarter John Fredriksen-controlled bulker operator sees up to 12 more months of tough market conditions
Frontline sees strongest third quarter in seven years High demand for oil and port congestion keeps tanker market buoyant
Cerberus Capital raises stake in Team Tankers to 10.2% Cerberus affiliate bought 1.4% stake in Oslo-listed tanker company
G6 alliance headed for choppy waters NOL sale and Cosco-China Shipping merger set to cut G6 capacity share
Shipping emissions 'could comprise 17% of global CO2 by 2050' Proposed emissions cuts from industry insufficient to keep global warming below COP 21 target, say green groups
DFDS raises shipping capacity on Rotterdam to UK freight routes Bigger ship joins Rotterdam-Felixstowe service, freeing up 6,000 dwt Anglia Seaways to switch to Immingham
APM Terminals opens expanded Aquaba Logistics Village Upgraded facility comprises 3.2 acres of multipurpose warehousing and 9.8 acres open yard space
UK Chamber looks at CO2 emissions ahead of COP21 Global shipping emissions regulations still in flux as Europe's regional rules come closer
American Club increases 2016 P&I premiums But club keeps mutual freight, demurrage and defence cover premiums flat
Empty boxes drive NY-NJ port's October volume growth Port Newark Container Terminal. Credit: Dan DeLucaContainer volume at the Port of New York and New Jersey posted year-over-year gains in October, driven by increased exports of empty containers. Port terminals last month handled 311,992 containers of all sizes, a 1.7 percent increase from a year earlier and the highest the...
Truck tonnage reverses two-month decline in October For-hire truck tonnage reversed two months of decline in October even as inventories remain a drag on truck freight volume, according to the latest figures from the American Trucking Associations. The ATA's seasonally adjusted For-Hire Truck Tonnage Index rose 1.9 percent in October when compared to September and the index was...
Brazil preps plan on future port development Brazil's Special Ports Ministry, or SEP, is preparing to launch a new National Plan for Port Logistics, or PNLP, which will outline future growth in the sector up to the year 2042 and underpin investments totaling more than 40 billion reais ($10.77 billion). The plan will help the country recognize and...
Intermodal rates are down, but winter could quickly change that U.S. domestic intermodal spot rates have been falling thanks in large part to loose capacity on major lanes, according to third-party logistics provider IDS. The Indianapolis-based 3PL, though, is warning that trend could easily reverse course if the industry is rocked by another winter as it has been in years...
Shekou leads China's ports in going green Container terminals in China looking to improve their environmental performance need look no further than Shekou Container Terminals. The terminal operator has won recognition for cutting carbon emissions, saving energy, and reducing waste through a strategy that also targets high productivity and quality service. At the 11th China Freight Industry Awards held...
Safe Bulkers to buy back preferred shares New York-listed shipowner prepares to spend $20m retiring shares with 8% payouts.
VLGC dock readied in US Virgin Islands The dock is part of scheme by the Islands' major utility to use LPG for power generation.
Ship Finance hunting for opportunities While latest growth is in containerships, shipowner also looking at bulkers and tankers.
Ship Finance buys newbuilding boxships Ole Hjertaker-led shipowner reveals acquisition as it reports stronger earnings.
Frontline chief cool on possible Iranian impact Robert Hvide Macleod believes lifting of sanctions could prove to be positive for the tanker market.
StealthGas reports drop in Q3 profit The Athens-based LPG shipowner cites weak spot market for handysize carriers.
GulfMark stacks AHTS Highland Endurance idled in the UK - ship number 94 on North Sea lay-up list.
GulfMark shares all the rage for Raging New Jersey-based hedge fund lifts stake in offshore vessel owner to 19.9%.
BIMCO fights corruption International shipping organisation introduces new clause to tackle illegal payment demands.
EAT pushes up earnings Malaysian tanker owner and yard group boosted by new FSO in third quarter.
Frontline shares fly on dividend promise John Fredriksen-led tanker owner sees stock march up as investors latch on to post-merger payout.
Stena Bulk confirms $200m order in China Swedish owner says three firm vessels and two optional units will begin to arrive in 2017.
Drifting ship under tow DFDS Lys Line vessel being taken to Orkney port for repairs after suffering engine problems.
Crewman's body found Seafarer fell overboard Polish cargoship off the Netherlands.
Fitch boosts SCF Ratings agency upgrades Russian owner due to good tanker prospects in 2016 and "capacity discipline."
Concordia adds cream to products cake Stena-backed owner boosts chartered fleet with two-year deal signed alongside Stena Weco.
CO2 measures to top forecast A week before crucial meeting in Paris, the ICS says emissions reduction will be bigger than anticipated.
Libyans threaten Glencore Eastern government will stop tankers loading oil bought by trader from rival western regime.
Irving in conversion row Canadian yard under fire for asking state to halt boxship job awarded to rival Davie.
Aurora close to funds and opposed to offer VLGC specialist says it is in final stages of securing newbuilding loan as it again hits out at unsolicited takeover.
Ro-ro goes down All crew saved from freight vessel Suilven following capsize in Fiji harbour.
Golden gets busy in face of dry downturn Herman Billung-led bulker owner reveals a string of changes as it braces for challenging six to 12 months.
Genting deadline stretched Asian group completes Lloyd Werft takeover, but has another six months to order ships worth $585m as part of deal.
Fredriksen swaps capes for suezmaxes Frontline buys tanker pair at New Times after Golden Ocean converts double newbuild contract.
Aussie rules rejected? Independent senators to torpedo bill to open up Australian market to foreign crews.
Swiber sells out Singapore owner offloads 49% stake in Indonesian joint venture.
Seadrill loses $1.9bn Impairments related to share price collapse at MLP spin-off hit John Fredriksen-backed driller.
Is shipping industry safe from ISIS ? In the wake of Paris atrocities security expert says industry should examine itself for vulnerabilities.
American Club to raise premiums by 2.5% New York-based P&I club seeks to fortify financial position despite freight markets.
Stifel: Iran sanctions moves to help gas With no impact on the world chemical tanker fleet, LNG and LPG carriers to see boost.
Precious eyes bond market Thai-based bulk carrier owner said to be mulling fund raiser before the end of the year.
Triumph mediation fails to stop lawsuit Fight involving shipyard BAE Systems and Carnival marches toward March trial in Mobile.
Regulations should target shipping's 'nanoparticle emissions' Researchers say a preliminary report on soot emissions from ships could be ready early next year.
Marine manufacturers approve ExxonMobil EALs Environmentally Acceptable Lubricants 'superior' to conventional oils, it says.
Buyers showing interest as bunker prices rise Singapore market sees 380 cSt material climb by $8 per metric tonne.
CO2 reduction: 'Don't push shipping any harder' Shipowners' association says secotr is already on course to make deep cuts in emissions.
Ecoslops starts volume production Of its recycled bunker fuel.
Shipping generates almost half coastal 'nanoparticle' pollution New data suggests emissions from ships are more harmful than previously thought.
Livorno to offer cold ironing Port to extend service to cruise vessels.
Malaysia: Official gives details of detained vessels Suspected vessel operated by a Singapore-based company.
Platts pre-report survey of analysts EIA data 1.1-million-barrel draw in US distillate stocks likely.
Marine manufacturers approval ExxonMobil EALs Environmentally Acceptable Lubricants 'superior' to conventional oils, it says.
Livorno starts cold ironing experiments Port intends to offer cold ironing to cruise vessels by 2018.
Singapore-Malta oil trading JV gets government backing CEO of New Silkroutes Group linked to bunker supply operations at Singapore.
- 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
