Fire engulfs US refinery CHEVRON today confirmed that a major refinery fire in northern California has been "contained", with a worker still being treated for minor injuries
NAT trims losses NYSE-listed Nordic American Tankers today reported lower losses than expected and reaffirmed its commitment to its dividend
Charters shield Safe Bulkers POLYS Hajioannou-chaired Safe Bulkers has navigated the difficult market with high charter coverage and credit access, earning analyst praise today
Taken tug turns up A PIRATED Malaysian tug and barge have been found berthed at Gensan shipyard in the southern Philippines
Sanko ship released in US SANKO Steamship has been granted the release of Supramax bulker Sanko Mineral from US arrest
Oz miners snap up ships CAPESIZES finally are finally showing some life, as Australian miners have raised export activity
NOL seen turning profits corner NOL PROFITS for 2Q2012 are expected "to improve", driven by higher freight rates and lower bunker costs, DBS Group Research said
Speculation drives breaking rise MORE SHIPS were sold for demolition last week, but cash buyers and brokers warned that the trend is speculative amid fluctuating steel prices and an unstable rupee
MR chartering slows but orderbook grows THE NUMBER of timecharter fixtures of at least one year for medium-range product tankers fell sharply last month, with spot rates courting operating expenses, brokers pointed out today
Rush deals raise VLGC rates A LATE rush to cover LPG cargos for July's last week resulted in VLGC rates returning to a 2012 hig
More box ships idled THE IDLED box fleet continued to nudge up in the second half of July, with more tonnage expected to be ejected out of liner services in coming weeks
MPM profits surge 104% SINGAPORE's Marco Polo Marine said today profits for the third quarter ended 30 June climbed 104% year on year to S$8.9M ($7.2M), despite order cancellation and lower ship chartering revenues
Expeditors' Profit Declines 12 Percent Forwarder and logistics provider Expeditors International of Washington reported a 12 percent decline in second quarter net profit as air...
Study: Carbon Dioxide Emissions Decline in Shipping The average carbon dioxide emissions in the global ocean transportation sector declined nearly 6 percent in 2011 compared to the...
OCU-Management Talks Enter Second Week Contract negotiations between the Office Clerical Unit of International Longshore and Warehouse Union Local 63 and waterfront employers have entered...
Container Equipment Fleet Grew 8.5 Percent in 2011 The container equipment fleet grew more than expected last year even though new ship orders plunged in the second half...
Diesel Prices Rise for Fifth Consecutive Week Diesel prices in the U.S. jumped up more than 5 cents for the second time in three weeks, a sign...
Salvors Resume Work on MSC Flaminia Improved weather allowed firefighters to reboard the stricken container ship MSC Flaminia for the first time in a week to...
Profit Slips 0.3 Percent at Kintetsu World Express Major Japanese international freight forwarder Kintetsu World Express said its group net profit edged down 0.3 percent year-over-year to $30.42...
Textainer Posts Second Quarter Profit Container lessor Textainer Group reported a 10.5 percent rise in adjusted net income in the second quarter as an expansion...
APM Terminals Gets Green Light on Costa Rica Project APM Terminals said construction of a container terminal in Costa Rica will start on schedule in 2013 after a court...
Sea Cube Income Jumps, Outpacing Revenue Growth Sea Cube's adjusted net income jumped 26 percent in the second quarter from a year ago to $13.3 million, outpacing...
Hoyer to buy additional gas tank containers Hamburg-based Hoyer, the specialist provider of bulk and tank container logistics services, is investing about EUR8(USD10 million) to buy several hundred additional ...
Softship expands its North American operations Softship, a leading provider of software for the global liner shipping and maritime agency sectors has expanded its North American operations by opening a new office ...
ILA contract talks move forward The issue of wages is likely to be discussed at the next US East Coast port labour contract negotiations, which are slated to take place later this month.A statement ...
US Q2 intermodal volumes hit heights not seen since 2008 International rail growth accelerated during Q2 2012, posting its best quarterly result in a year and improving from Q1's 2.9% increase, according to the Intermodal ...
SPA plans port upgrades The Saudi Ports Authority (SPA) has announced a new round of capital expenditure for the country's ports with Dammam, the largest container-handling complex on ...
NB 'holding up well' in Europe: expanding into Indian market French transport and logistics group, Norbert Dentressangle [NB] said that it was 'holding up well in a flat economy' as it posted its interim results.Revenue growth ...
Excelerate returns to DSME Excelerate Energy has firmed up options to construct up to eight floating storage and regasification units (FSRUs) at Daewoo Shipbuilding and Marine Engineering.
SwissMarine keeps time SwissMarine has added another capesize bulker to its chartered fleet, it is claimed.
Safe to strike Credit Suisse tips Polys Hajioannou-led owner to add to its newbuilding tally.
Princess sued over dad's death
Rongsheng on a run China Rongsheng Heavy Industries' shares gained some traction today to recover a little of the ground lost following news of an insider dealing probe involving its chairman
Courage makes cape return Courage Marine has made a return to the capesize market and pocketed a couple of million dollars in the process.
Greeks bin bulkers Greek owners were at the head of the line in scrapping ageing dry-cargo tonnage this week.
Prosafe pockets $55m Prosafe has agreed to sell one of its accommodation jack-up rigs to a South East Asia buyer.
NAT beats Q2 bets Nordic American Tankers has kept its dividend unchecked after turning in a smaller than expected loss in the second quarter.
Hornbeck seeks funds Hornbeck Offshore Services is plotting a huge fundraiser a week after posting a drop in second quarter numbers.
WW should buy new Wilh Wilhelmsen should follow its rivals into the newbuiliding arena given the favourable state of the car carrier market, a leading analyst says.
Profits jump at SeaCube Joseph Kwok-led container leasing outfit sees numbers up as well as payout to investors.
Sanko supramax free Sanko Steamship has welcomed the release of one of its bulkers detained in the US by a string of creditors.
OCBC ups Marco Polo OCBC Investment Research has turned bullish on Marco Polo Marine after it posted "better-than-expected" results.
Dutch in canal study A Dutch consortium has won a contract to conduct a pre-feasibility study into the construction of a canal through Nicaragua.
Hijacked tug recovered A tug hijacked off the Philippines has been recovered, but six suspects aboard the vessel managed to escape.
State report critical of Port of Houston Authority It recommends "bringing predictability, accountability, and a larger view to the (port) commission's governing structure by specifying clear appointment terms and term limits," and adding a governor-appointed board member.
Xpress, M-O partner on cross-border service M-O will carry freight across the Canada/U.S. border, while U.S. Xpress will be responsible for Mexico/U.S. border crossings. The border crossings served through the partnership are Buffalo/Niagara and Detroit/Windsor.
CMA CGM raising U.S. reefer export rates
Domestic intermodal volume up 12% in 2Q
Zim adds 2nd Da Chan call on Asia-Med loop
Costa Rica court rules in favor of APM Terminals
DOT grant for Cincinnati/N. Kentucky airport runway
Centerbridge investment group buys Cardinal Logistics
Fidelity installs RF system at WUT
CBP's Trade Symposium rescheduled for late October U.S. Customs and Border Protection has postponed its East Coast Trade Symposium until Oct. 29-30 to maximize participation. The event, to be held in Washington, was previously scheduled for Sept. 27-28.
Gibson reaches agreement on Lacey Act violations The guitar maker on Monday entered into a criminal enforcement agreement to resolve a U.S. investigation into allegations that it illegally imported ebony wood from Madagascar and rosewood and ebony from India.
Washington Notebook: U.S. trade delegation arrives in S. Africa
Japan wants clarity from Russia over Arctic route Japanese government wants to attend Arctic Ocean Conference.
Prices climb in Fujairah hub Main fuel grade jumps by $9 a tonne while South African ports also showed gains.
Brent's status fades as supply wanes September futures contract trades against October was $1.55, up from $1.00 a week ago.
Rotterdam and Hamburg bunker markets firm Prices up in Rotterdam with August 10 earliest for delivery.
'Indispensable' for credit risk managers 'to be up to speed' Leading credit risk analyst says need for bunker suppliers to manage risk 'remains acute'.
First of two green bulkers delivered Ship meets EC directives on port SOX emissions.
Carbon emissions from container lines 'falling' Average CO2 emissions for major shipping lanes 'down by nearly 6%'.
Curoil appoints new managing director Lasten wants to 'increase the frequency of contact' with clients and business partners.
Bunker prices climb at Asian port hubs Supplies of bunker fuels at key Asian ports largely fine on Tuesday.
Liner company renews bunker surcharge General increase joins bunker surcharges on several routes.
New bunker tanker for CEPSA Panama Ability to carry up to four different products provides 'great versatility in everyday operations'.
O.W. Bunker expands US operation 'Critical time' for shipping industry with implementation of North American ECA, says US branch manager.
IOCL expands product offering at Chennai The refiner is now offering bonded 380 cSt bunker fuel at the port.
Singapore-listed firm doubles quarterly profits Marco Polo Marine notes 'strong start' for its bunkering joint venture with Marine Tankers Holdings.
WFS signs acquisition agreement Acquisition will further expand its presence in the branded wholesale market, says CEO Michael Kasbar.
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