Ocean Signal Appoints Ocean Safety as Exclusive UK Distributor Ocean Signal's innovative range of safety products is presented by new distributor for the first time at London Boat Show London Boat Show 2016, ExCeL London, 8th to 17th January Ocean Signal has further strengthened its presence in the UK with the appointment of marine safety equipment specialist Ocean Safety as its exclusive...
Current VLCC rate fall not expected to derail outlook Spot freight rates for VLCC tankers have fallen sharply in the past few days, but this is not expected to derail an expected good year for the sector, shipping analysts said. The VLCC rates have fallen to about USD...
Rise in Asian ship attacks reported for 2015
Seafarers call off Marseilles ferry blockade New ferry company MCM has begun operating services between the French mainland and the island of Corsica following yesterday's decision by French seafarers to call off their strike to protest at the arrival last week of another new company in the France-Corsica ferry trade, Corsica Linea. MCM, which...
Marine insurer Norwegian Hull Club looks to expand product base Norwegian Hull Club CEO Faz PeermohamedThe new CEO of one of the world's biggest pure marine insurers has said it will look to expand its product base. In an interview with IHS Fairplay, the Norwegian Hull Club's Faz Peermohamed, who officially took responsibility for the 15-year-old marine insurer on 1 January,...
Weak Chinese coal demand to weigh on Capesizes The number of Capesizes that were demolished in 2015 was significantly higher than in 2014, but the picture for these bulkers remains bleak as China's coal imports continue to slow, according to Italian shipbroker Banchero Costa. Iron ore and coal are the main cargoes for such vessels, which are rarely used...
SPP yards should be sold separately, say workers Workers of South Korean shipbuilder SPP Shipbuilding, which is in the process of being sold, have issued a statement saying they are amenable to the company's three yards being sold separately. Since mid-2015, when SPP's main creditor Woori Bank declared its intention...
Australia ports hit by rolling tug strike A tug workers' strike on Australia's eastern seaboard has disrupted shipping with further nation-wide industrial action scheduled by a union representing engineers during the following week. Bulk coal, general cargo and container shipping came to a standstill on Tuesday, 12...
Shaky start for offshore firms Offshore firms hit by falling oil prices in 2015 stepped into 2016 on an equally shaky footing. The oil price environment volatility felt by the sector was reflected in Southeast Asia-based offshore companies' quarterly financial results. Singapore-listed EMAS offshore has recently announced its financial results for the first quarter of 2016....
Ship repairer Nordic looks on the hunt for opportunities Singapore-listed ship maintenance company Nordic Group (Nordic) is seeking new opportunities in 2016 in the maintenance sector as well as through mergers and acquisitions. The company has predicted that demand for specialised vessels will grow in 2016, and is planning to capitalise on...
Greece seeks higher offer from Cosco for Piraeus port Chinese terminal operator confirmed as sole bidder for 67% of PPA
CMHI to acquire $658m of new shares in Dalian Port Move makes CMHI second largest shareholder in the major port
Suezmax rates rise on strong demand in West Africa and Black Sea routes Rates also supported by continued delays at the Turkish Straits, say brokers
Sinotrans Ltd to issue $228m in bonds All money will be used to replenish working capital and support business development
Capesize plunges 15% on day to record low Index on clear downward path as demand dwindles
Tankers aged 15 to 20 years leap in value Twenty-year-old suezmaxes saw a 57% rise in value in 2015
Supramax Index slumps to seven-year low West Africa trip via east coast South America to north China, S5 route, reaches lowest level yet reported
Newcastle coal trade flat Fuel imports cited as important growth opportunity at port
Australian ports hit by Svitzer tug strike action Delays expected as engineers' strike escalates
Port of Shanghai orders nine hybrid RTG cranes With new orders, the port will have 21 rubber tyred gantry cranes that will eliminate 5,300 tonnes of CO2 per year
Trafigura names Chin Hwee Tan as Asia-Pacific chief executive Former asset manager will be based in Singapore
Fujian Huadong Shipyard signs leasing agreement with Minsheng Bank Ship repairer also mulls plans to become a rig builder
SIPG posts weaker results for 2015 Net profit expected to slide by 4%, the first decline over the past four years, according to a preliminary earnings report
POSH Terasea to move Shell's Prelude FLNG to Australia Joint venture to tow world's biggest floating production facility over 3,000 nautical miles from South Korea
Paragon Shipping sells panamax bulker to partly repay loan Part of remaining Bank of Ireland facility will be written off
Tote Maritime bunkers first LNG-powered container ship TOTE Maritime's Isla Bell bunkering at the Port of Jacksonville.TOTE Maritime successfully bunkered the world's first liquefied natural gas fueled container ship at the Port of Jacksonville. The bunkering of the Isla Bella will become a regular occurrence at the port as the ship plies the Jones Act trade to Puerto...
Oakland throughput drops in December Container throughput at the Port of Oakland in December declined 8.3 percent as both imports and exports were down compared to a relatively strong December 2014, according to numbers posted on the port's website. Last year at that time, job actions by the International Longshore and Warehouse Union were crippling Los...
Wintry blast hits Midwest, accidents close two Interstates Winter storms sweeping across the Midwest contributed to crashes that closed two Interstate highways in Indiana and slowed truck traffic from Illinois to the Northeast on Jan. 12. Two crashes involving more than 40 vehicles and several jackknifed tractor-trailers closed I-74 near West Harrison in Southeastern Indiana. The route may be...
New England's Land Air Express makes cuts as it restarts Land Air Express of New England, the trucking company shut down for 10 days by federal regulators for safety violations, is back up and running, but on a smaller scale. The regional less-than-truckload company closed two terminals in New Jersey and has laid off some employees, according to a Jan. 11...
Greece asks sole bidder Cosco to improve offer for Piraeus port Greece today confirmed Cosco Pacific is the only bidder for a majority stake in the Piraeus Port Authority and immediately asked the Chinese company to submit an improved offer for control of the nation's largest port. The Greek privatization agency said it expects to assess the Hong-Kong based group's revised offer...
CSX changes intermodal division leadership Bill Clement, head of CSX Transportation's intermodal business, will be leaving the company, part of the second wave of management changes at the Jacksonville, Florida-based railway in less than six months. Dean M. Piacente, formerly vice president the company's chemicals division, has been tapped to replace him, the railroad said Tuesday....
A Look at Marine Fuel Quality Trends - Present and Future Keith Forget reviews key quality trends revealed in the VPS database.
IMO energy-efficiency project can start following funding Will help less developed countries with technology aimed at reducing GHG emissions from shipping.
TOTE completes first LNG bunkering World's first LNG powered containership bunkered while undergoing cargo operations at Jacksonville.
Bunker tanker gets upgrade On hydraulics.
Emulsion fuel peforms well in trial New Zealand ferry tries out specialist fuel.
IMF paper proposes carbon tax on aviation and shipping fuels Post-Paris policy document says it could raise $25 billion annually for climate finance.
Emusion fuel peforms well in trial New Zealand ferry tries out specialist fuel.
Platts Pre-Report Survey of Analysts' EIA Data 2 million barrel injection to U.S. crude stocks expected.
Marine fuel management technology firm expands to Mexico Sees 'significant opportunity' to market system for monitoring fuel consumption to vessels active in oil sector.
Deltamarin sells stake in scrubber joint venture All scrubbers, water treatment units to carry Langh Tech trademark.
New appointments at Cockett Marine Oil's Singapore office Company targets Japanese market with new hires.
Brightoil launches e-commerce platform Group launches four products catering to individual and corporate users.
OIL 2015: High inventories, weak crude weigh on Americas bunkers prices Bearish sentiment prevailed in most bunker fuel markets in the Americas.
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