Nuclear crisis may trigger orders for LNG carriers Renewed concerns about atomic power triggered by an earthquake and nuclear crisis in Japan may spur orders for liquefied natural gas (LNG) tankers already in short supply, according to Mirae Asset Securities Co.
1st post-quake fuel shipment for Sendai Port Japan's Sendai Shiogama Port received its first fuel shipment since being devastated by an earthquake and tsunami 10 days ago, boosting relief efforts following a disaster that may have killed 20,000 people.
Vietnam spares govt officials for Vinashin scandal Members of the Vietnamese government will not be punished for problems at a state-owned shipbuilder whose debts threatened the country's global financial reputation, a top official said yesterday.
Daimler to offer more than 10,000 new jobs worldwide in 2011 The German vehicle manufacturer Daimler plans to recruit more than 10,000 people worldwide this year, 4,000 of whom will be in Germany, whilst 6,700 skilled workers and approximate...
Salerno wants to play a more important role in the Med The Salerno port authority is to implement measures that are intended to give the port a better connection to Italy's transport network and the outside world. The requisite infrast...
Scandinavian Shipping & Logistics open for business in Norrköping The newly established enterprise Scandinavian Shipping & Logistics Norrköping AB began business on 1 March. The entity provides services in the ship brokerage, port clearance, ...
Shedding some light on Beluga funds The German shipping company Beluga is repeatedly hitting the headlines at the moment, but no matter what happens to the service provider, investors who have ploughed thei...
Damco appoints new CEO for UK and Ireland Damco, the freight forwarding arm of the Danish A.P. Moller-Maersk Group, appointed Paul Gallagher as chief executive officer in the UK and Ireland, with effect from 1 March. Galla...
Continental launches service to fifth German destination The US carrier Continental Airlines, a wholly-owned subsidiary of United Continental Holdings, is launching a daily non-stop service between Stuttgart (Germany) and its New Yo...
Chicago's O'Hare airport to expand and foster US economic growth The US transportation secretary Ray LaHood, Chicago's mayor Richard M. Daley, executives from United Airlines and American Airlines and US senators Richard Durbin and Mark Kirk rec...
USA: Corporate Traffic opens new office in Charlotte NC Corporate Traffic, a Jacksonville FL (USA)-based third party logistics provider, has opened an additional office in Charlotte NC to address its burgeoning business in the region. T...
Stadler to supply 35 Flirt multiple-unit trains to Bavaria The rolling stock manufacturer Stadler Pankow GmbH and the regional transport provider Veolia Verkehr Regio GmbH recently signed a contract for 35 electric multiple-unit train...
Switzerland investing CHF 1.9 billion in motorway network Switzerland's federal government is investing CHF 1.9 billion in the national road network this year. Some CHF 740 million of this sum will flow into the construction of new s...
LH Cargo to buy five B777s The Lufthansa supervisory board recently approved orders for 35 new aircraft at its meeting today. Thirty of the aircraft from the Airbus A320neo family are for the passenger divis...
TransContainer JSC: more multi-modal transportation options The Russian transport provider TransContainer JSC, which focuses on the development of European container transportation services, began to implement several important projects usi...
AMB Property launches joint venture in China The real estate developer AMB Property Corp has formed AMB China Logistics Venture in order to develop, acquire, own, operate and dispose of logistics properties in key markets in ...
DHL shouldering logistics for Bauhaus in Turkey DHL Supply Chain T'rkiye and Bauhaus have entered into a partnership at the newly-opened Bauhaus branch office Marmara Istanbul Forum. The general manager of DHL Supply Chain ...
Kelron launches new intermodal service Kelron Logistics now offers intermodal services throughout North America. Kelly Winters, vice-president and general manager of Kelron's Toronto branch (Canada), said that "we ...
Hans Werder nominated for BLS board The Swiss rail transport service provider BLS AG will propose that Hans Werder be elected to its board at the forthcoming general assembly in May. Werder, a lawyer and po...
Japan crisis leads to hope for LNG carriers Nuclear power station emergency and new gas fields help boost surge in demand for vessels
Awilco commits with third LNG purchase Norway's crude oil tanker owner Awilco has shown its determination to enter the liquefied natural gas market by buying a third carrier this month
Bangladesh yards reveal appetite Market strong as country waits for court order
Product tanker demand fuelled by Asia petroleum need Product tanker purchase inquiries have increased due to rising Asian demand for clean petroleum product, particularly with a clutch of tsunami-damaged Japanese refineries unable to produce for the domestic market
Kamsarmax sale signals stronger asset values The sale of the modern kamsarmax Abeille for a reported $42m indicates that a new benchmark price has been set for similar size and age vessels, despite the sale coming with a time charter attached
Radiation fears force ships to steer clear of Fukushima Governments quick to respond to nuclear concern but Lloyd's List data reveals minimal impact to trade
Time for IMO rules on armed guards International guidelines on the deployment of armed guards on board ships in the fight against piracy are essential and urgently required, argues the Liberian ship registry
Supply chain shutdowns take toll on rates
Coal futures index spikes as Germany reviews nuclear option
Japan quake could force rethink on energy mix The accelerating crisis in the stricken Asian nation is set to have a long lasting effect on shipping
Location of fuel tanks pose a challenge for gas ship designs
Choosing right engine could make all the difference for owners W'rtsil', MAN and Rolls Royce all set to jostle for a slice of the gas pie
Caution urged over rush to gas-powered shipping Patchwork approach to research could mean vital safety procedures are missed
Why do naval patrols keep releasing Somali pirates? Lloyd's List asked The Combined Maritime Forces for its rationale, and got very short shrift
Worrying scale of new orders The renewed boxship ordering activity needs to be closely monitored for any signs of excess that could send supply and demand out of kilter again
Getting back on track Japan will haul through. Both Japanese and foreign shipowners will be on hand to carry essential trade both in and out
Genmar sells aframax to free up liquidity Broker reports suggest sale of Genmar Progress has raised $8m
Hyundai Heavy books new order for up to 10 9,600 teu from Hamburg Süd Firm deal for six worth $710.5m brings HHI new orders year to date to $3.4bn
TransContainer takes 67% stake in KedenTransService Shippers will have more options for direct box rail services between Asia and Europe
DHT drops planned $100m bond issue Blames prevailing market conditions for abandoning Norwegian high-yield bond issue
Louis Dreyfus axes $141m ferry newbuilding order Cancels contract for nearly-completed vessel with ST Marine
UK publishes marine planning guidelines Framework to provide "appropriate and consistent approach" to sustainable marine planning across UK waters
SFI to buy and charter back CMA CGM boxships Inks deal for two 13,344 teu ship using French tax lease structure
Forward section of DryShips bulker adrift Section of Oliva has drifted westwards after vessel snaps in two
IMO: No U-turn on SOx rules No applications at IMO to change Marpol Annex VI despite shipowners fears
Brightoil secures $600m loan facility China Development Bank loan to be used to buy Russian and South American oil
Sweden's biggest box terminal heads for the auction block Sale of the Skandia Container Terminal at Gothenburg is now formally under way and potential investors are being contacted
Qatar: think price breaks EUROPE'S gas importers must offer price breaks to lure LNG imports because Japan's quake crisis has triggered a volumes diversion to Asia, a gas conference heard today
Tax fillip for US owners? FOREIGN shipping income earned by US shipping companies before 1986 could be reinvested in US-owned assets, if proposed legislation is approved
Helsinki ferries thrive HELSINKI'S three harbours had 654,000 arrivals and departures in January, 19.7% more than in the first month of 2010
Pipavav yard stake sold PIPAVAV Shipyard's shares dropped marginally marginally today on the Bombay Stock Exchange after Infrastructure Leasing & Financial Services sold its stake
Guinea sounds gang alert A MARITIME security alert was today issued for the Gulf of Guinea after gunmen killed nine people and robbed several banks in the Cameroon port of Douala
Long-term key for gas LONG-TERM gas contracts ' with price reviews ' are the key to underpinning markets and encouraging the exploitation of new reserves, the Gastech 2011 conference heard today
CMA CGM sells two SHIPOWNER SFL said today it is buying two 2010-built, 13,800teu box ships from CMA CGM for a total $342M as part of a leaseback deal with the French Line
Palumbo grabs Malta facility ITALIAN shipbuilder Palumbo has acquired the super-yacht facilities at Malta's Cospicua shipyard for more than €29M ($41M)
Premiums sought for Japan box calls CHINESE box carriers are requesting premiums for voyages from Shanghai to Japan, brokers told Fairplay today
Box rates from Asia continue drop BOX RATES from Asia to Europe have fallen to $1,019 per teu, down $57 from last week, the Shanghai Shipping Exchange said today
DHT reportedly suspends its bonds issuance DHT HOLDINGS, the parent company of Double Hull Tankers, has suspended a plan to issue unsecured bonds in Norway, shipping analysis group First Securities said today
Corsica ferry strike settled SNCM ferry services to Corsica have been resumed after its crews voted unanimously to end a 47-day strike over planned service cuts from Nice
SE Asia pirates attack PIRATES have attacked the bulker Thor Nereus in Indonesia, the regional piracy watchdog ReCAAP told Fairplay today
Big-moon tide trips ships FIVE vessels have run aground in the UK, the MCA told Fairplay today ' because the moon was its closest to Earth in more than 18 years
Forth takeover formal offer? ARCUS Capital, which owns nearly 23% of Forth Ports, is widely forecast to formalise its takeover bid for the port operator tomorrow
Should we really nuke nuclear energy? The perfect storm of a once-in-a-thousand-years Richter 9 scale earthquake and consequential disastrous life-swallowing tsunami on the north east coast of Japan, shifted the earth on its axis and moved the world's third-biggest economy 8 feet to the east; but the aftermath of the stricken Fukushima nuclear power plant crisis could have a far-reaching negative impact on the biggest challenge of the 21st Century: climate change
CBP to combine trusted traveler programs U.S. Customs and Border Protection is working to merge Global Entry with other trusted traveler programs and expand it to Mexico, Department of Homeland Security officials said last week. CBP Commissioner Alan Bersin met with Mexican Customs and p...
MSC to assess U.S. export high-cube fee Mediterranean Shipping Co. said last week it will assess a $150 fee on high-cube containers moving westbound from the United States and Puerto Rico to Asia, effective April 17....
Florida/Bahamas carriers to raise bunker fees The Florida-Bahamas Shipowners and Operators Association said last week it will raise bunker rates on shipments in mid-April and early May. The association, whose members include Crowley and Seaboard Marine, will increase bunker surcharges by $75 p...
CSA lines to reduce bunker fee Members of the Caribbean Shipowners Association said last week they will reduce the amount of bunker surcharge they assess on shipments from the United States to Anguilla, Antigua, Dominica, Grenada, Montserrat, Saba, St. Bart's, St. Eustatius, St....
Ship Finance to buy 2 big containerships Ship Finance International Ltd. said it has agreed to acquire two 13,800-TEU container vessels, theMagellanandCorte Real,from CMA CGM and charter them back to the French liner company for 15 years. The gross purchase price is $171 million per vesse...
Fuel costs drive Matson 1st quarter loss Rising fuel prices will likely drive U.S. Jones Act carrier Matson Navigation Co. to a first quarter loss, the line''s parent company Alexander & Baldwin said Friday. "Increased fuel prices are having a disproportionate effect on transportation co...
Bulker grounds at Tristan da Cunha The British Overseas Territory of Tristan da Cunha calls itself the "home to 263 British citizens living in the world's most isolated settlement," according to a government-maintained Web site. But the remote volcanic island, located 1,750 miles f...
Caribbean bunker rates CSA lines to reduce bunker feeMembers of the Caribbean Shipowners Association said last week they will reduce the amount of bunker surcharge they assess on shipments from the United States to Anguilla, Antigua, Dominica, Grenada, Montserrat, Saba, ...
Bersin making good on promise
Virginia trade CSA lines to reduce bunker feeMembers of the Caribbean Shipowners Association said last week they will reduce the amount of bunker surcharge they assess on shipments from the United States to 'Florida/Bahamas carriers to raise bunker feesThe Florid...
A2SEA doubled its profit in 2010 A2SEA A/S logged a profit of DKK 86 million in 2010, up from DKK 47 million the previous year. In 2010, equity increased from DKK 327 million to DKK
Bulker breaks in two in South Atlantic The dry-bulk carrier MS Olivia has broken in half after having hit Nightingale Island, part of Tristan da Cunha (GB), on Wednesday last week. The Greek-controlled and Malta
Seadrill signs newbuilding contract The Norwegian'Bermudan offshore drilling rig operator Seadrill has placed a newbuilding order with Jurong shipyard, Singapore, for a jack-up drilling rig. The contract price is USD 530 million
LNG system from Wärtsilä for Viking Line newbuilding In addition to the dual fuel main engines, Wärtsilä will also supply the onboard LNG storage and supply system for Viking Line's newbuilding on order at STX Finland's Turku shipyard
Bunker price movements mixed across Europe Rotterdam LSFO prices commanding 'a huge premium again'.
SOCP releases scrubber system selection guide US study will assist ship operators choose solutions for ECA compliance.
'Conservation status' will not 'derail' bunker plans Gibraltar minister reassures bunker players.
New software helps bunker specialists make 'informed decisions' Veson says its bunker management package 'aggregates bunker data', allowing operators visibility across their fleet.
Bunker slick extends 'eight miles' out to sea Oil film and 'clumps of tar' surround remote South Atlantic island.
Week starts with downtrend in bunker prices Average bunker demand at main Asian bunker ports on Monday, local traders say.
US department monitoring bunker spill in Portland About 380 liters of bunkers spilled during fuel transfer operation, says local media.
Hong Kong court orders sale of detained vessel To cover outstanding bunker fuel bills owed by Argentinian shipowner Maruba to Chimbusco Pan Nation.
Brightoil secures $600 million from Chinese bank Facilities will fund the development of its global supply and bunkering business, says chairman.
Aegean keeps mum on 'unusual' stock activities Aegean sees a 533% surge in the volume of shares traded, while its stock closed some 13% higher on Friday.
Sri Lanka bunker supplies 'sufficient' Lanka IOC, Lanka Marine Services and Lanka Maritime importing 20,000 mt of bunkers in March.
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.
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