SK Shipping seen as stable SK Shipping, South Korea's third biggest shipping company, has maintained its credit rating at A2- by the Korea Ratings Corporation. Since December 2013, when it was downgraded from A2 to A2-, SK Shipping has maintained that rating, a positive sign considering that its two bigger compatriot peers, Hanjin Shipping and Hyundai...
Regulation insight: Steadying the ECDIS course As 2015 drew to a close, the United Kingdom Hydrographic Office (UKHO) unveiled statistics revealing that more than half of the world's international trading fleet was living with electronic chart information display systems (ECDIS). Figures indicate that 58% of vessels are using an electronic navigation chart (ENC) service on the...
XSI secures order for first chemical tanker China-based Xiamen Shipbuilding Industry (XSI) has secured its first stainless steel chemical tanker order from a Chinese state-affiliated company. The 5,390 dwt chemical tanker will be built in XSI's yard, and the vessel is scheduled for delivery in 2017 to Xiamen Jianfa Shipping, a business unit of Jianfa Group. The contract also...
Transpacific ship sizes on a steady upward trend, says maritime analyst
No increase in South Korean port fees
Container freight rate fall slows in November
United Ocean Enterprises files for bankruptcy protection
Bergen port asks ships to relocate due to air quality problems
Australian trade union cleared of crime but tactics questioned Australian union supporters on a march.
Greek shipowner debuts ethylene tankers Othoni, first in Eletson's newbuild programme liquefied ethylene carriers
Tanzania denies suspension of USD10 billion mega-port project President Jakaya Kikwete held a ground breaking ceremony in October.
MR spot rates to ease in near term Tanker market expected to have another strong showing.
XSI secures order for first chemical tanker China-based Xiamen Shipbuilding Industry (XSI) has secured its first stainless steel chemical tanker order from a Chinese state-affiliated company. The 5,390 dwt chemical tanker will be built in XSI's yard, and the vessel is scheduled for delivery in 2017 to Xiamen Jianfa Shipping, a business unit of Jianfa Group. The...
VLCC spot rate slips amid January lull in cargoes Further slides anticipated as list of available vessels builds
Navig8 Product Tankers amends loan facility and takes delivery of new vessels Amended facility with CACIB and BNP Paribas built on the $64.3m loan facility announced last year in November
Baltic Handysize Index hits fresh lows Pre-Chinese New Year Spot market activity picks up but slide continues
Panama plans ratification of ballast water and ship recycling conventions Ratification by largest flag would be big boost for IMO
Capesize lay-ups increase as BDI reaches all-time low again Update: Declines in capesize and panamax mostly contribute to Baltic Dry Index falling to record low for the fifth day in a row
A new way of looking at damages for repudiation of a voyage charter For the first time, damages increased to reflect detriment that was suffered after an unpeformed charter was due to end
Kitack Lim sets first-term agenda as IMO secretary-general Koji Sekimizu's successor aims to strengthen partnerships and improve communication
Five years' hard labour for Seaman Guard Ohio crew UPDATED: Immediate appeal against district court decision expected
No respite for Asia-Europe trades as volume decline continues Latest CTS data shows a 4.3% drop in the first 11 months of 2015, but transpacific trades in better shape
Box lines may void more sailings due to Chinese New Year weak demand Transpacific routes may see significant number of blank sailings
Asian yards' revenue and orderbook to take a hit in 2016 Number of deferred deliveries is higher than in the years following the 2008-2009 financial crisis, Nomura says
Aronnax: The irony at the IMO While MEPC will be the first time UN officials meet to discuss CO2-related policies after the Paris agreement was struck, society may expect more than the IMO can deliver
Unipec ranks as world's biggest dirty tanker charterer in 2015 Shell ranks number two; Indian Oil jumps to fourth place up from 10th
POSH and Hmood Al-Khalaf Group seal joint venture New venture signals an increase in POSH's investments and operations in Saudi Arabia
Origin Energy ships first cargo from Australia Pacific LNG project Project faced multiple delays amid dismal price environment due to oversupply and weak demand
EMAS Offshore incurs first-quarter loss on weak offshore industry Company focuses on increasing vessel utilisation, strengthening balance sheet
Autonomous herrings Why is there such current enthusiasm for driverless ships when competent seafarers are paid so little anyway?
Shippers, lawmakers make case to US regulators against NS-CP merger WASHINGTON - Shippers, lawmakers and other railroads are already petitioning federal regulators to reject the proposed tie-up of Canadian Pacific Railway and Norfolk Southern Railway even though the former has yet to file any legal notice with U.S. rail regulators. Since the Canadian railway disclosed its $28 billion bid to buy Norfolk...
US retailers cry foul on Long Beach port free time reductions Retailers who ship through the Port of Long Beach urged the second-largest U.S. port not to move forward with its proposal to change free time provisions in its tariff from four days at present to six work shifts until the Southern California port complex gets a better handle on its...
Environmentalists blast changes in NY-NJ port's clean-trucks plan Credit: Port DriverAn environmental group criticized as "disgraceful" a plan by the Port of New York and New Jersey to relax a Jan. 1, 2017, deadline for replacement of more than 6,000 port drayage trucks with newer vehicles. The Coalition for Healthy Ports said the revised clean-air plan that the Port...
Truck driver pay: How fast will it rise in 2016? Softer demand for trucking services may have dampened pressure on truck driver pay, but it hasn't removed it. With the national unemployment rate at 5 percent, and construction companies hiring tens of thousands of workers, trucking firms will have to pay more to "seat" and keep experienced truck drivers in 2016. Barring...
South Korea to reduce port fees over next three years Amid the backdrop of the global shipping downturn, South Korea's Ministry of Oceans and Fisheries has decided to hold off on raising fees for using the country's trading ports and plans to reduce port fees by 70 percent over the next three years. Accordingly, all 31 ports in South Korea, including...
The Future of LTL: Harnessing the Power of the Sharing Economy Less-than-truckload shipping is experiencing one of the faster rates of evolution within the transportation industry. The problems that have historically stifled the growth of this segment - coordination between multiple parties and inability to fill extra space on trucks - suit the expansion of Internet of Things type solutions hitting...
Jacksonville LNG bunkering facility slated for mid-2016 opening Plant built to supply TOTE's LNG-fuelled new containerships will also be able to supply other customers.
Stena Bulk wary of London court case outcome Puts funds aside to meet potential claims.
DNV GL to class ESL dual-fuel bulk carriers Said to be first large LNG-fuelled bulkers.
Malta's bunker market share 'not enough' Government reviewing regulations to help sector reach its potential.
Singapore's MPA halfway to MFM bunkering target Six more vessels approved for MFM bunkering at Singapore.
FACTBOX: Asia Q1 oil products outlook and factors to watch Singapore fuel oil market expected to remain positive in coming weeks.
Singapore's MPA reaches half MFM bunkering target Six more vessels approved for MFM bunkering at Singapore.
Pioneer Marine receives fuel efficient dry bulk carrier Vessel has been equipped with mass flowmeters on the bunker line.
Number of oil spills since 2010 lower: ITOPF Six medium-sized spills reported in 2015; includes bunker fuel.
- 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
