Capesize rate seen sinking to 10-year low THE weakest growth in demand in at least a decade for shipments of iron ore, the second-biggest commodity cargo after crude oil, means that rates for the largest vessels will plunge to the lowest level since 2002.
Crane collapse at Novorossiysk LOADING of iron-ore at Novorossiysk port on the Black Sea has been halted since December 24 by an accidental crane collapse, port sources have told Fairplay
Yard explosion 'kills four' FOUR workers have reportedly been killed today in an explosion at a ship component yard in South Korea's Ulsan region
Global Air Cargo Falls 3.8 Percent November International air cargo traffic declined 3.8 percent in November from a year ago, the eighth straight monthly decline amid a...
Rhenus to Take Over Wincanton Terminal Operations German logistics operator Rhenus will take over the French and German operations of UK rival Wincanton on Jan. 2 to...
Boxship breakers receive 'unemployable teenagers' in December As could be expected with the market for panamax ships extremely weak - daily hire rates for a 3,500 TEU ship have plummeted by 50% in the last year - carriers ...
BrazArtis to export more chickens to the Middle East Rio de Janeiro-based BrazArtis Assessoria em Comercio Exterior Ltda, which offers advice and solutions to companies wanting to import goods into and exports out ...
BNSF launches 'Next Generation Intermodal' initiative BNSF, which operates one of the largest rail networks in North America, has launched a new initiative that is aimed at optimising the supply chains of its intermodal ...
GAC adds DRC to its global network Dubai-based GAC, which is one the world's leading providers of shipping agency, logistics and marine-support service activities, has expanded its network in West ...
Nigeria on a positive spin Government reforms, a stronger banking sector and moves to diversify its economy away from such a heavy reliance on oil largely account for Standard & Poor's ...
Shanghai tops 30 million TEU On Friday December 23, 2011, China's port of Shanghai reached a world record container throughput of 30 million TEU, according to a release from the China Communications ...
North or south for bunker costs in 2012? That is the question on the minds of ocean carriers trying to predict voyage calculations into the New Year. The Iran sanctions, politics within OPEC and the eurozone ...
APM T secures Lazaro Cardenas T2 concession The Hague-based APM Terminals (APM T) has won the concession to build and operate a second container terminal at Mexico's second largest box port, Lazaro Cardenas. ...
Gothenburg's expectations for 2012 on a high Gothenburg expects 2012 to be a good year following the decision of the Grand and New World Alliances (GA and NWA) to put one of their joint services from Asia ...
Grand China reneges The dispute between Vafias and Grand China has culminated in the alleged repudiation of a five-year charter.
Refinery turns off taps No tankers will be loaded until further notice at the troubled Petroplus group's Antwerp refinery.
Limak buys Turkish port rights Nihat Ozdemir and Sezai Bacaks'z led conglomerate moves into port business with 36 year concession to operate Iskenderun.
SCI sells more elderly ships State backed shipping company Shipping Corporation of India has sold more dry bulk tonnage earning an estimated $21m as part of a fleet modernisation plan.
Mipo agrees delivery delay Ulsan based shipbuilder Hyundai Mipo has agreed to postpone delivery of a series of bulk carriers for an owner and has said it is optimistic on maintaining sales figures next year.
Yard blast kills four A key supplier to South Korea's major shipyards has been rocked by a fatal accident at one of its factories.
Vinalines survivor is found Crewman of Vinalines Queen picked up by passing Japanese vessel after five days adrift at sea.
More Rena oil washes ashore Storms lead to further pollution as salvors make good progress in removing cargo from wrecked Costamare containership.
Hedland ore exports surge Exports of key steel making commodity have jumped over 25% in November compared to a year ago.
Loan for greener Russia ports European Bank for Reconstruction & Development agrees ten-year loan for state body in charge of port infrastructure.
NOL's Cheng set to retire Twenty-year veteran of Singapore state-owned liner operator set to call it quits as chairman in April.
Cargo vessel adrift off Chennai coast The OSM Arena is believed to be carrying around 400-tonnes of bunker fuel.
Light trading across the Americas Oil prices for 2011 settled up 13%.
Looking back at 2011 The past 12 months have been a monumental green year for shipping with the adoption of the first legally binding climate deal.
Markets busy on final trading days of 2011 Traders across Europe report large number of enquiries during Thursday and Friday.
Week ends with steady to firm bunker prices Fujairah market ends week higher after several days of largely stable prices.
Sulphur issues to look out for in 2012 New global sulphur limit and North American ECA may bring supply challenges, Californian limits will change and EU Sulphur Directive revisions may be adopted.
Saudi Aramco issues new bunker specification for 2012 Maximum sulphur content now aligned with the new global sulphur limit that is about to take effect.
Week ends with price of bunkers up at key Asian ports Low demand for bunkers across major Asian ports on last Friday before New Year.
Fuel continues to leak from grounded Rena MNZ ready to launch another large scale response 'if and when that oil is released,' says spokesman.
Hong Kong supplier to impose surcharge for Chinese New Year Surcharge of between $2,000 to $5,000 will apply for bunker deliveries during the Chinese New Year week.
MDO engine recognised for meeting Tier III emission limits Statement-of-fact document first ever awarded by ClassNK to such an engine.
Gulf Petrochem to expand worldwide operations in 2012 Aims to start bunkering in Singapore from early 2012.
Gazprom Neft eyes bunkering terminals network Group plans to maintain a 'high level of investment' in 2012.
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