Medvedev calls for transportation review President Dmitry Medvedev yesterday called for a total review of Russia's transportation infrastructure after a Volga River boat accident left more than 100 people missing and presumed dead.
Manila taking sea claims to UN The Philippines said yesterday that it had urged China to take their conflicting claims to the South China Sea before a United Nations-backed tribunal.
Ships stuck at Freeport Indonesia wait for supplies Three ships at Freeport-McMoRan Copper & Gold's port in Indonesia's Papua are waiting for copper and gold concentrate supplies following a week-long strike that paralysed operations at its giant Grasberg mine, shipping sources said.
Cardiff Marine takes $8m hit as panamax values dip George Economou-owned company sells 11-year-old bulker for $22m following failed $30m deal last year
Korea Line pulls modern capesize from secondhand market Prices offered on bulker reportedly well below owners' expectations
Smaller bulkers grab bigger share of sales Buyers' preference for smaller supramax, handymax and handysize dry bulk tonnage in the secondhand vessel market has seen these ship sizes account for three quarters of all deals concluded in the year to date
Bangladesh court delay subdues demolition market High Court ruling on import of ships for scrap pushed back, leaving prices in limbo
VLGC rates hit nine-week high of $50 per tonne The cost of shipping liquefied petroleum gas from the Middle East to Asia has broken through $50 per tonne for the first time in nine weeks on an influx of cargoes from Middle Eastern producers for loading on to vessels at the end of the month
NYK and Tsuneishi develop wind drag reduction system Japanese researchers test add-on structures for bridge wings and support pillars that trim resistance to headwinds
Europe contemplates a speed limit on the seas If the IMO fails to deliver on cutting greenhouse gas emissions, the European Union could intervene by enforcing mandatory slower steaming on ships destined for EU ports
WikiLeaks shows US frustration at Cyprus delays over Iran arms vessel Documents reveal Nicosia may have feared reprisals for intercepting Cypriot-flagged ship
Port health officials strike at Southampton Walkout appears to have little immediate effect, but union officials argue that full impact will only be felt later in the week
Mapping new worlds in Islamic finance Norton Rose's Davide Barzilai sees Islamic finance as an apropos introduction to finance in China
German suezmax quartet set to join Heidmar's Blue Fin pool Hamburg-based Ernst Jacob and Dortmund-based Salamon become the fourth and fifth German companies to place their ships in the pool
Protection Vessels International wins Torm security contract Move comes after employees at the Danish shipowner are told in an internal announcement that the company is to deploy armed guards
Pool party winding down Advantages are being eroded as VLCC pools grow and compete against each other
What will it take to make us care? People outside our industry do not have a clue about the extent of pirate criminality, and profess astonishment when you tell them of the numbers of seafarers still in pirate hands
Journalists in the dock Despite recent reviling of tabloid press, Lloyd's List needs readers' trust and support
China's derivatives plan: hubris or revolution? Shanghai's new electronic trading platform for container freight derivatives is off to a strong start, but several issues need to be resolved before it can exert meaningful influence on global shipping
The coming tipping point for freight trades Smaller players could play a key role in making widespread use of derivatives a reality
Private equity targets ports Latin America, India and Africa 'likely to be main beneficiaries' of infrastructure projects
Stress tests and fears of Italian default pile pressure on UniCredit Leading ship finance bank faces imposing a more cautious lending policy, higher interest charges to shipowners or disposal of shipping assets
Oshima Shipbuilding joins Japanese exodus with new shipyard in Vietnam Facility will focus on handysizes and handymaxes, with creation of up to 3,000 jobs
Hyundai Heavy closes on deal to build four 9,600 teu boxships Ships for Greek owner would be scheduled for delivery in 2014
The threat of arms The legal risk that owners face in deploying armed guards is nearly unacceptable. The consequences of not using them may even be worse
Kencana and SapuraCrest merger to create Malaysian oilfield services giant New $3.9bn company second only to Marine & Heavy Engineering
Shanghai box volumes fall 5% in June Month on month slide confirms shipping companies' earlier indications of lower-than-expected throughput
Slippage has its uses Delay in deliveries buoys rates
Cosco mulls Kaohsiung investment Chinese shipping line considers investment in container terminal in Kaohsiung as the port seeks transhipment business with smaller mainland ports
Bahamas pitches emissions plan THE BAHAMAS register has proposed in an IMO panel a market-based mechanism to cut greenhouse gases, based on individual emissions from ships
B+H buys time B+H OCEAN Carriers, a US-listed operator of ore/bulk/oil ships, today filed a belated annual report revealing the status of its lengthy loan talks
CODELCO miners strike MINERS at government-owned CODELCO mines in Chile are striking today to underline opposition to President Sebastian Pinera's decision to restructure the copper producer
Oz carbon tax hits India coal stocks SHARES of Indian coal importers dropped today as investors sought to comprehend the impact of Australia's decision to impose a carbon tax on major mining companies
Korea steel totals rising STEEL output at South Korean plants will rise 15.6% this year, the Korea Iron & Steel Association predicted today
Cyprus cargo blast kills 14 MORE THAN 14 people are believed to have been killed today after materials seized from a Russian general cargo ship exploded at a Cyprus naval base, Fairplay has been told
Putin throws sector a products tax lifeline RUSSIAN Prime Minister Vladimir Putin has warned that he'll raise the country's petroleum product export duty to the level of the crude oil export duty if producers don't reduce exports
Breakers get more offers CHINA'S breakers are being offered more Capesizes and Panamaxes, even as prices softened because of South Asia's monsoon and uncertainty over whether Bangladeshi yards will be allowed to keep operating
STX divestment stirs optimism SECURITIES company DMG & Partners is bullish about STX Europe selling part of its stake in Norwegian offshore vessel builder STX OSV
Long-haul box rates are remaining flat BOX RATES on Asia/Europe and trans-Pacific routes are staying relatively unchanged, even as rates on voyages to West Africa and South America went north
Poten predicts surge seen in Indian clean exports INDIA's gradual removal of price controls could raise demand for its clean products, along with improving quality, according to Poten & Partners
Cheap Chinese coal seen squeezing imports CHEAPER Chinese coal could mean softening Capesize and Panamax rates this week, with China likely to reduce imports in the short term
Container Exports Rose 8.2 percent in May U.S. containerized exports rose 8.2 percent in May, the 20th straight year-to-year increase, and were up 11.2 percent through the...
APL Logistics Starts India Stacktrain Service APL Logistics is offering double-stack container service in India and plans to expand its service as more rail corridors are...
YRC Worldwide Gets $400 Million From Lenders Trucking giant YRC Worldwide secured a $400 million asset-based loan facility from its lenders, a key step toward completing its...
ProLogis Locks In Japanese Deals ProLogis, the world's largest industrial property developer, said Monday it has signed four new lease agreements with third-party logistics providers...
Obama Presses Infrastructure Amid Debt Talks President Obama is keeping his message about improving the nation's transportation infrastructure front-and-center, using debate on the federal budget deficit...
YRC Worldwide Closes In on Restructuring YRC Worldwide is one step away from completing its financial restructuring by a July 22 deadline, a key official at...
Container Volume Rises 3 Percent at Indian Ports Container shipping volume through major Indian ports increased 3 percent in the fiscal first quarter from a year earlier, the...
Macquarie Forecasts 'Benign' Peak Season Global container volume will rise during the second half of this year but weak inventory restocking will produce a summer-fall...
Lufthansa Cargo Boosts Volume 14.8 Percent Lufthansa Cargo saw tonnage grow 14.8 percent in the first six months of 2011 from a year ago, driven mainly...
Rails Warn of Lengthy Flood Problems Major railroads are warning customers that shipment delays, detours and track outages from the flooding Missouri River could last weeks...
Lufthansa Cargo Switching to Plastic Containers Lufthansa Cargo is phasing in lightweight plastic freight containers the airline says will cut its fuel consumption and reduce carbon...
BAA Faces Forced Sale of Stansted Airport U.K. competition regulators are expected to order airport operator BAA next week to sell London Stansted Airport, the country's second...
Yusen Logistics Loses Antitrust Appeal Japan's competition oversight agency rejected an appeal from Yusen Logistics of the freight forwarder's fine for violating antitrust laws in...
Will the final liner exiting the Last Chance Saloon please turn out the lights? Incredible as it may seem but ocean carriers appear to have devised a new version of the Groundhog Day folklore: in this script Punxsutawney Phil emerges from his burrow in February of every other year to signal a continuation of ego-induced financially suicidal market share frenzy
Schedule reliability under spotlight again
Braemar: 2012 the 'biggest year' for boxship newbuilds
Oil prices back to pre-IEA reserve release
Now Italy feels the contagion heat
CMA CGM weather alert: carrier launches 'fog surcharge' in Qingdao port
Weeks Marine buys McNally Construction Cranford, N.J.-based marine contractor Weeks Marine has acquired McNally Construction of Hamilton, Canada, for an undisclosed amount. "With this acquisition, Weeks Marine strengthens its presence in North America's tunneling industry and establishe...
GAO: Biodiesel transport faces huge investment Acongressional watchdog agency reportsaid the United States will have to spend several billion dollars to upgrade its rail, truck and barge infrastructure to handle the transport of ethanol to wholesale markets in the next 10 years. The Government...
Hawaii 'Superferries' for sale The U.S. Maritime Administration has put the two high ferries built for the bankrupt Hawaii Superferry up for sale. In anotice published in theFederal Register, MarAd said it is inviting bids for the ships,AlakaiandHuakai,for sale on an "as is, wh...
YRC names Wren senior VP, treasurer YRC Worldwide has appointed Christopher C. Wren to senior vice president and treasurer. He was president of consulting firm Power I.T. Before that, he was vice president of corporate development for H&R Block; vice president of product development ...
Import monitoring sparks seizure of lighters U.S. Customs and Border Protection said it leveraged its Commercial Targeting and Analysis Center for Import Safety to seize 261,000 cigarette lighters from France last month for not having required child-safety mechanisms. The shipment is valued a...
Congress pressed for action on harbor dredging The House of Representatives Subcommittee on Water Resources and Environment heard testimony on Friday proposed legislation to require expenditures on harbor maintenance to be equal to the amount collected under the Harbor Maintenance Tax. Jim Wea...
Fujairah prices fall Extremely tight avails in Durban.
Rotterdam prices soft Some players hold out in Rotterdam for lower prices.
Air pollution from ships to be studied in Halifax Local university may win contract for two-year marine emissions project.
Korea updates MEPC members on greenhouse gas initiative During a side event at MEPC, attendees learn about proposed new technologies, ship designs, and the possible impact of the amendment to MARPOL Annex VI.
Week starts with fall in bunker prices at most main ports Avails of bunker fuel not an issue at most key Asian ports on Monday.
South China refineries fuel oil production seen rising Total amount of fuel oil to be produced to be up 17% to 109,000 mt in July.
EU conference acknowledges prospects for LNG bunkering EU and Russia energy dialogue also recognises lack of LNG fueling network.
Shenzhen's bonded bunker sales to hit 4 million by 2015 Port official predicts the port's suppliers could nearly double volumes compared to 2010.
K-Sea ceases listing on NYSE Also terminates agreements with lenders following the completion of its merger with inland tank barge operator Kirby.
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