Shipping demand may rise once China steel cuts end: report Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the reduced supply, according to SSY Consultancy & Research Ltd, a unit of the world's second-largest shipbroker.
Thome first of its kind to gain SeaSkill accreditation Thome Ship Management last week became the first third-party ship manager in the world to receive full accreditation from Det Norske Veritas (DNV) SeaSkill for its competency management system.
Dockwise gets support for planned US$100m issue Dual Dutch-Norwegian listed ocean transport company Dockwise said yesterday that top shareholders had pledged to take up the planned US$100 million rights issue to fund the construction of new vessel.
Penske Logistics in leadership change Vincent Hartnett of Penske Logistics plans to retire as president in January. Marc Althan, vice-president of administration and procurement for parent company Penske Truck Leasing,...
FedEx reports 110% net income increase in Q1 The US CEP provider and integrator FedEx got fiscal year 2010/2011 off to a strong start, with Q1 net income of USD 380 million, which represents a 110% increase from USD 181 milli...
Karl Dischinger employs 23 new apprentices The German logistics service provider Karl Dischinger Logistikdienstleister took 23 new apprentices onto its books on 1 September. 14 of them work at company headquarters in Kirchh...
DPD now provides special wine bottle packaging DPD, a B2B parcels service provider that belongs to CEP company Geopost, a subsidiary of France's La Poste, now offers winemakers and wine dealers a service in which their bottled ...
New York port authority investing in Bayonne Bridge The port authority of New York and New Jersey is set to provide up to USD 1 billion to help finance a solution for the problem that the Bayonne Bridge is too low, thus presenting i...
Promising off-shore training alliance The Beluga off-shore training academy and Deutsche WindGuard recently signed a cooperation agreement to carry out joint off-shore safety courses. Beluga's off-shore training academ...
Unifeeder and Thos. Carr in strategic partnership Unifeeder, one of the leading feeder and short sea operators in Northern Europe, recently signed a strategic partnership agreement with its long-standing Italian agent, Thos. Carr ...
Deal could mean 2,000 jobs A PORT acquisition could lead to about 2,000 people being newly employed at Poland's Gdynia shipyard, Fairplay was told today
Royal Oasis ignored tide A COLLISION between two bulk carriers off Port Talbot in Wales most likely occurred because mariners on Royal Oasis failed to take account of the tide, MAIB has found
Scorpio eyes more tankers New York owner said to be hunting up to three modern products carriers, with first LR2 unit set for November delivery.
Drakos tied to aframax splash Jimmy Drakos and Groton Pacific Carriers may be inching closer to IPO on the heels of a $340m spending spree, sources say.
Oil alliance eyes tankers ExxonMobil-led crisis collation may fix shuttle tankers and drillships to support Deepwater Horizon-inspired marine well containment system.
SFI eyes Nordic finance markets John Fredriksen-connected owner keeps eye open for "interesting opportunities" as it prepares bond issue.
Tropical seizes Caribbean stake Tropical Shipping expands in St Croix as New York-listed parent acquires container player.
SCI scraps single-huller Sabyasachi Hajara-led shipowner continues to clean house as 1985-built tanker hits the breakers.
Boa deal to set ball rolling? Ole Bjornevik's Boa Offshore sells multifunctional support vessel amid rumours further departures are on the cards.
Fugro scores Aberdeen action Dutch seismic giant grabs heaping handful of geophysical survey contacts off coastal UK.
Tanker turmoil to force sales Continuation of a weak tanker market this winter may force owners to sell assets, analyst says.
Bulker duo detained in Canada August port state checks end in detention for Inci Gemi and Amalthia Marine ships.
Term monopoly for Knightsbridge John Fredriksen-linked Knightsbridge Tankers ties up a new deal for Mayfair, its last spot-trading VLCC.
Gulf Nav mulling VLCC buys Per Wistoft-led Dubai tanker owner sets date to hammer out possible investment in VL tonnage.
Seacor Marine sheds FSV US shipowner offloads crew boat to African offshore outfit, brokers say.
Dockwise in $100m push Andre Goedee-led Heavy-lift specialist turns to shareholders to help fund potential newbuilding project.
Taiwan Nav feels the pinch Bulker owner sees first-half revenues and profit cut back substantially.
Koreans take on Arpeni Lender KSFC files suit against Indonesian owner over alleged outstanding payments for tanker.
Tanker trio see estimates cut Difficult market leads Lazard Capital to drop forecasts for OSG, Frontline and Nordic American Tankers.
Schlaff linked to Latvian buy Austrian billionaire reportedly interested in taking over Riga-based tanker player and Ventspils oil terminal.
Atomflot gets busy on NSR Russian icebreaker agency fields five enquiries to escort ships through artic ice.
Farstad raises NOK400m Karl-Johan Bakken-led offshore vessel player latest Oslo owner to successfully tap the bond market.
African ports lack spill resources Eastern, southern terminals not ready for pollution, oil waste and ballast water issues, ports boss says.
Wong takes Swiber hot seat Raymond Goh quits as CEO of Swiber with his deputy stepping into the fold.
Maersk likes look of Singapore Danish container giant planning to flag more than 30 new ships in island republic.
Cruise West scraps voyages US operator cancels all but one cruise as its mysterious restructuring continues.
Hellenic yard deal sealed Abu Dhabi Mar finally agrees terms on its 75% purchase of Greek shipbuilder.
SITC goes high in Hong Kong Chinese boxship owner strikes for the maximum amount in planned Hong Kong offering.
Tanker held over liquid dumping Sichem Fenol seized off Aden after coastguards claim crew threw 25 plastic bags into sea.
STX quashes terminal rumour Korean group denies weekend report that it is mulling a Malaysian terminal for $345m.
Gambler in death leap off HK Debts of HKD 5m lead Chinese man to jump overboard Star Cruises casino ship off Hong Kong.
Vinashin eyes bond cash Vietnam said to be considering using funds from recent bond issue to settle shipbuilder's debts.
Songa sells one to PetroSaudi Norwegian gets rid of laid-up Songa Saturn recently thought to have fixed new charter deal in Trinidad.
Singapore in yoyo mode Lion Republic continues to see recovery in container traffic, but volumes slightly down after July high.
Danish cargoship sold into Russia Malene gets new lease of life after being laid-up at Svendborg since February 2009.
EU drags owners through the dirt The EU commission has adopted new rules to enhance and improve the safety performance of ships. From January 1 2011, a new online register will "name and shame" shipping companies
New Danish National Maritime Museum opens in 2012 Per Stig Møller, the Danish Culture Minister, officially inaugerated the construction start of a new National Maritime Museum in Helsingør on Friday last week. The museum will be located in
Farstad raises NOK 400 million The offshore operator Farstad Shipping has completed a NOK 400 million bond issue with an expected maturity date on 27 September 2013. The net proceeds of the loan will be
Total to resume LSFO supplies at Dunkirk Product will be sourced from Total's Donges refinery.
Bunker markets soften across Europe 'Good demand' in Rotterdam.
Fujairah IFO prices start the week mixed Key suppliers face congestion due to high demand.
ICS urges caution on market based measures Warning to UNFCCC against using shipping to raise funds without taking impacts into account.
Terminal fire: Impact could be felt 'months down the road' Meanwhile, traders say Iranian fuel oil imports are flooding into Singapore market.
Liner association in Hong Kong low-sulphur fuel initiative HKLSA proposes two-year voluntary scheme to improve air quality, wants local ship operators to follow suit.
MPA responds to call for Singapore sulphur cap Commentator asks why Maersk is switching to low sulphur fuel in Hong Kong but not Singapore.
Bunker prices generally down, demand mixed Mixed demand at key Asian bunker hubs on Monday, traders say.
Busan bunker fuel supplies 'very tight' Bunker fuel supply to normalise soon in Busan, local traders say.
'Strong' typhoon stalls bunkering ops at Chinese port Port authority declares 'lockout' as typhoon Fanapi hits China's Fujian province.
Sinopec Zhoushan bonded bunker sales 'jump' Increase due to rapid expansion at Chinese ports, says company source.
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