Baltic index at six-week low, China demand watched The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in over six weeks last Friday as worries over slower Chinese demand weighed on sentiment. The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal and fertiliser, fell 3.94 per cent, or 135 points, to 3,288 points in an eleventh consecutive fall and was at its lowest level since April 27.
Tracking top pirate bosses on land a difficult job Aboard a dingy and a helicopter, Swedish special forces head out from the warship Carlskrona to search for Somali pirates.
Pirates attack Yemeni oil tanker Somali pirates have opened fire on a Yemeni oil tanker in the Red Sea wounding a guard on board, Yemen's interior ministry quoted the coastguard as saying on Saturday.
PO's "Spirit of Britain" launched The "Spirit of Britain", the largest ferry ever designed for service in the Straits of Dover, was launched in STX Europe's shipyard in Rauma (Finland) on 8 June. The 49,0...
Agility opens new logistics hub in Shanghai Global logistics service provider Agility recently opened a new logistics hub in Shanghai. The 66,000 sqm centre is one of the biggest facilities of its kind in China to date, and ...
PPG appoints Sea-Concert from Thailand The Project Professionals Group (PPG), an international heavylift 3PL network, has appointed multimodal transport specialist Sea-Concert (Thailand) as a project support member. Sea...
Jupiter Shipping & Logistics becomes Interliner Logistics Escombe Lambert Holdings has reported that Jupiter Shipping & Logistics has changed its name to Interliner Logistics. The change in name is an additional step in the developmen...
Transco sets up new branch in southern Germany The Konstanz-based German transport and logistics enterprise Transco S'd Internationale Transporte has established new premises in Weil am Rhein (Germany) near Basel (Switzerland)....
Latest AEA figures show impact of airspace closures The Association of European Airlines (AEA) has issued its members' traffic and capacity figures the past 12 months and for April, thus providing the clearest picture so far of the ...
Massive A380 order from Emirates holds promise for the future European industry is hoping for new impulses as a result of a major order for 32 Airbus A380s placed by the Dubai-based airline Emirates at the Berlin air show (ILA) on Tuesday. Em...
Pirates free Asian Glory SOMALI pirates have released hijacked vehicle carrier Asian Glory, the Ukrainian government announced today
Workers red-card GDF Suez A FRENCH seafarer union has accused energy group GDF Suez of "camouflaging" the Bahamian registration of an LNG carrier shown in an advertisement supporting Les Bleus in the football World Cup
Spill ship-delay inquiry urged PRESIDENT Obama has been urged to assess the damage the Gulf of Mexico oil spill could have on shipping, even though only minimal delays have been reported as yet
SeaFrance to cut 725 jobs SEAFRANCE confirmed to Fairplay today it plans to lay off close to half of its workforce
Resale leads market up MARKET values of box ships have been further elevated with the reported resale this week of two 3,400teu newbuildings, brokers said today
Bulgaria rejects pipeline plan BULGARIA has withdrawn from the Black Sea Burgas-Alexandroupoli pipeline project over environmental and financial issues
Bafana Bafana go for goal in Africa The world's greatest sporting event, the FIFA World Cup, kicks-off today [June 11] beginning a four-week plus football-feast; watched and listened to by millions, copiously covered on newspaper back and front pages, mind-boggling blogged on the internet, and - depending on your particular social networking curiosity - the first World Cup to be tweeted.
Labour unrest spreads across China as exports soar
Barcelona's new terminal start date revealed
ICG box services 'rejecting' low-rated cargo
Teesport gets ready for Unifeeder
Green railcar legislation introduced in US Congress
Ofer ship released by pirates Zodiac Maritime vehicle carrier set free almost six months after it was hijacked by Somali pirates.
Stevenson strikes with $270m order Former OMI chief and private partner First Reserve move on four suezmaxes at Samsung.
ER pair join Petrobras flotilla ER Schiffahrt newbuildings among the flood of vessels fixed to South American energy giant, brokers say.
Quotes of the week - webTV edition We've been on the prowl at Posidonia so you can see and hear for yourself what's been going on at this shipping festival.
Who ruled the Posidonia waves? Shipowners, brokers and bankers battle TradeWinds for the Posidonia Cup, but who came out on top?
Seroja makes bulker move Singapore barge specialist teams with China's Zhushui Energy to buy capesize for coal charter.
VLCC prices 'lagging behind' Tanker values will climb 20% by the year end says Pareto as it labels Saga Tankers a buy.
BC hit by newbuild costs Canadian ferry owner sees annual earnings eroded by interest payments after fleet renewal.
Bosun dead in tanker blast Two other crew critical in hospital after explosion on Turkish vessel off Spain.
Barge spills oil at yard Boom placed around leak after vessel sinks in California.
Pipavav eyes dock record Indian shipyard wants to create world's largest drydock, beating Hyundai Heavy in Korea.
Solstad and Havila join in Norwegian pair the latest owners to reveal new four-year deals with Petrobras.
Refresher for Fresh-1 Once world's fastest hydrofoil, US ship to get makeover 47 years after famous crash.
Sovcomflot upgrades Sochi Russian owner ready to spend big money developing infrastructure at Black Sea port.
Top year for Todd Shipyards US shipbuilder sees full-year profit fly thanks to repair deals and ferry orders.
New5 in Numb3rs Former Frontline boss Bjorn Sjaastad makes $500m tanker comeback, while SCI takes AHTS fleet from compatriot.
Box duo expand Asia-India run CMA CGM and Maersk Line launching new Cimex 2 service with six 5,500-teu ships.
B+H cans offshore deal Michael Hundner-led shipowner pulls out of deal to acquire 300-man accommodation vessel.
Otto seals more Kiwi work Seismic arm Reflect Geophysical picks up sixth contract in New Zealand in almost as many months.
FSL Trust downgraded Arrest of two tankers prompts Singapore's DBS Bank to cut shipping trust to 'fully valued'.
TCC takes Danaos ships Scandinavian liner start-up emerges as owner behind charter of Greek owner's trio of 3,000-teu ships.
Norwegian Rieber takes over newbuildings Norwegian GC Rieber Shipping has bought two seismic vessels, currently under construction at Factorias Vulcano in Spain, for a sum of NOK 850 million. The vessels are expected to be
New all-time high for Posidonia In this critical period that requires the engagement of all creative forces towards a common goal, shipping can also contribute dynamically to overcoming the crisis and creating a better and
Spain calls for EUR 2.23 billion in compensation from London P&I Club The public prosecutor in Spain, Álvaro Garcia, is seeking EUR 2.23 billion in compensation from London P&I Club for the disaster involving the tanker Prestige, reports Safety at
Bunkers remain good value Prices seeing a widening discount to crude.
11 JunMarkets soften and firm Diverging directions for major ports on Friday.
Rotterdam to welcome largest bunker tanker Capacity of 12,000 tonnes to bunker vessels with capacities of up to 15,000 TEU.
Week ends with muted moves Small range of price changes in major ports.
Pessimism about 1.00% sulphur fuel oil supply Nearly half of respondents to Bunkerworld poll believe even current ECAs will present supply problems.
Moderate price gains in most ports Durban suppliers juggle enquiries and football fever.
Bergen Tankers takes delivery of bunker tanker Bergen Tank has been undergoing sea trials.
Scrubber manufacturer claims 'breakthrough' Shipowner installing abatement technology on four vessels under construction.
Analysts 'downgrade' FSL Trust after ship arrests Analysts raise concerns about the cost of securing the vessels' release.
Fuel oil stocks on the rise Arbitrage inflows to Singapore holding at five-year highs.
ISO revision will 'improve' bunker quality Lintec says changes strengthen the position of bunker buyers but chemical screening remains 'vital'.
Bunker prices continue climb Enquiries for IFO material at key Asian ports generally below average, traders say.
South China fuel oil imports in June to jump 67% On the back of increased imports from bonded bunker traders.
CMA CGM, Maersk Line reinforces presence in the Indian market New service will facilitate growing trade between East Asia and the Indian sub-continent.
Biofuel to undergo testing in marine diesel engines Companies to conduct 'second stage' testings following positive results from preliminary testing in 2009.
24 hours bunkering in Colombo not yet a 'reality' Local traders say newly-permitted round-the-clock bunkering is 'not being fully implemented'.
PetroChina takeover of BP 'persuasive', bank says A combined PetroChina-BP will have oil, gas reserves 73% larger than Exxon, says Standard Chartered.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
- 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
