Panamax boxship rates face pressure as lines finish fixing flurry Operators' rush to charter ahead of expected peak season is over
Baltic clean-up promises good, clean summer fun Helsinki Commission oil-spill exercise aims to monitor and ensure the safety of Baltic Sea traffic
Greece aims to introduce flag incentives Efforts made to retain Greek shipping earnings in Greece
Average newbuilding VLCC sizes hit an all-time high Tankers delivered this year average 312,000 dwt as cargo sizes increase
Slowing South Korean exports raise a red flag for shipping Warning signs as export-oriented nation sees overseas ship sales fall 58%
Seaspan and Yangzijiang to reprice boxship options Exclusive: Agreement may be renegotiated for provisional 18-strong order, says Ren
Supramax bulkers wrest cargoes from handysizes Larger ships can be chartered for nearly $4,000 per day less than smaller tonnage
Laskaridis swoops for two panamax resales Purchase brings to 16 the number of bulkers in service or on order for the traditional reefer specialist
Pacific box lines see rates boost Latest price recovery efforts paying off
The unwanted product As ships switch to distillates, residual fuels will increasingly be unwanted by products, and in this may lie some salvation regarding costs
Think outside the locks As the Panama Canal makes it easier for wider ships to pass through from 2014, Eukor orders larger vessels to coincide with that date
Crumlin slams 'cynical and dismissive' Patrick Stevedores Plans to increase automation at Port Botany reopen old enmities
Relatives of Albedo 15 plead for help to raise money for ransom Direct negotiations between families and Somali captors could set a precedent
Titan aims to sell controlling stake to Guangdong Zhenrong Energy Deal requires Warburg Pincus to dismiss its liquidation suit
Wilh. Wilhelmsen warns of a softening market Fleet expansion aims to improve company resilience and flexibility
US box imports up 10.8% on last year July 2012 saw the highest volume of import teu in one month since August 2010
Sembcorp Marine secures five-drillship order from Sete Brasil Deepwater vessels will be on charter to Petrobras for 15 years
APL scrapes back into the black First profit for liner arm of NOL since late 2010
Ezion profits rise 130% as it secures Australia LNG contracts Offshore service vessel operator lands deal to supply Curtis Island
DVB increases loss provisions for second half But Lunde stresses underlying stability of bank's ship finance activity
Aberdeen rides oil and gas upturn Scottish port upgrades to meet growing demand from service vessels
Yangzijiang absorbs six cancelled bulkers Singapore-listed yard reports 9% drop in second-quarter net profits
Long Beach cleans up its act Port trumpets 75% drop in airborne diesel pollution
Safe Bulkers in no rush to order Hajioannou expects further squeeze on shipbuilding prices
Courage rejoins cape market with purchase of China Act Vessel bought from China Partners for $6.6m
Transatlantic restructures but still loses money Swedish firm is still struggling as it splits into two core businesses
Expeditors sees mixed fortunes in results Ocean freight yields fall but maritime container revenue rises 7% in second quarter
Excelerate plans up to eight FSRUs to meet LNG demand US player returns to DSME as it expands its global capacity
Low dry bulk rates send Eagle Bulk spinning to huge loss Sophocles Zoullas admits "ongoing instability", but says company is now aligned for eventual recovery
DoE prodded on LNG LAWMAKERS are urging the White House to expedite LNG export permits before competition from Canada and Australia for international customers beats the US to the punch
Independent Mauritius port inquiry ordered MAURITIUS has reportedly decided to order an independent government inquiry into allegations of corruption at the Mauritius Ports Authority
DVB's profits rise 16% GERMAN shipping and transport lender DVB Bank reported a 16% rise in net earnings for the first half of this year
Wilhelmsen profits jump OSLO'S listed car carrier and logistics unit of the Wilh. Wilhelmsen Holding group, Wilh. Wilhelmsen, has posted a strong rise in 2Q12 net profits
Chiquita accelerates ship shift BANANA shipper Chiquita has announced a major business restructuring that includes allowing more of its leased ships to roll off charters
Norden lawsuit alleges Bhatia 'shell game' DENMARK'S Norden has filed a US suit seeking $4M from India's Bhatia, accusing the group of failing to perform under terms of two COA
Transatlantic sees better 2H12 after losses REDERI AB Transatlantic said today it expects restructuring to start showing better results near the end of 2012, following losses in both 2Q12 and 1H12
Ren expects Seaspan to seek ULCS discounts YANGZIJIANG Shipbuilding's boss Ren Yuanlin told Fairplay today Seaspan would exercise options for 18 ULCSs - but at a discount off the original orders
Lessors dominate box purchases CONTAINER leasing companies are investing more in new boxes than are liners, whose lower profits have spoiled their investment appetite
Bulker queues rise in China but fall in Oz VESSEL queues at Chinese drybulk ports are rising, but were reduced in Australian coal ports
UK technical outage A TECHNICAL outage in the UK yesterday made it impossible to send several IHS Fairplay emails at the end of the working day
Capesizes continue to push up in Australia PACIFIC Capesize rates are continuing to push up, as iron ore exports from Australia show no let-up
VLCC rates nudge up VLCC owners have pushed up freight rates somewhat, with bunker prices surging by more than $20 over the week
Rio sees GDP rise for China CHINA'S GDP growth rate, a key factor in drybulk shipping markets, is likely to accelerate out of its 2Q12 drop, Rio Tinto's CEO has predicted
Newbuilding orders fall 66% NEWBUILDING orders plunged 66% year on year in July, as weak freight rates and scarce financing soured appetites for investments
Prince Rupert Container Traffic Hits Monthly Record Container traffic at the Port of Prince Rupert hit a monthly high in July, as traffic rose 5.5 percent year-over-year...
PIERS: Carriers' Load Factors Worsened in 2011 Container ship lines are still struggling to reduce a vessel supply-demand gap that worsened last year and undermined freight rates,...
Diesel Emissions Drop at Port of Long Beach Diesel emissions at the Port of Long Beach dropped for the fifth consecutive year since the port's Clean Air Action...
DVB Bank's Income Slips 5.5 Percent DVB Bank's pre-tax net income slipped 5.5 percent in the first half of 2012 from a year ago but the...
US-Mexico Truck Trade Hit All-Time Record in May U.S. cross-border truck trade by value hit an all-time high in May, reflecting the steadlily increasing trade between the NAFTA...
Quality Distribution Expands Fracking Business Bulk trucker Quality Distribution purchased the operating assets of Dunn's Tank Service and Nassau Disposal for $34.3 million, expanding its...
Fraport Profit Tumbles 17.4 Percent Frankfurt airport operator Fraport AG's first half net profit slumped 17.4 percent from a year ago to 86.9 million euros...
Panama Approves Proposed Toll Increases The government of Panama on Tuesday approved the two-stage toll increases proposed by the Panama Canal Authority. As originally...
Trans-Pacific Spot Rate Sets Record High Average spot rates on the eastbound trans-Pacific increased for the second week in a row this week, jumping 17.5 percent,...
Wilhelmsen Posts Record Operating Profit, Revenue Wilh. Wilhelmsen ASA booked record operating profit and revenue in the second quarter but the Norwegian roll on/roll shipping giant...
APL Posts Narrow Liner Shipping Profit APL posted core earnings before interest and taxes of $7 million in the second quarter, the carrier's first profitable quarter...
India to Launch 24-Hour Customs Service at Major Ports Indian government authorities on Wednesday announced plans to provide round-the-clock customs clearance services at the country's major seaports and airports....
Cautious optimism prevails in container shipping The London 2012 Olympics have universally been lauded as a success - despite the doubts of many as to how the old capital would cope with the influx of an extra ...
Con-way's Q2 results jump on back of 'disciplined operations' US freight transportation and logistics services company Con-way Inc. has reported solid Q2 12 results, with revenue, operating profit and net income all jumping ...
Gulftainer services first ship in Recife Sharjah-based Gulftainer has handled its first ship at the multipurpose cargo terminal it operates in the port of Recife, Brazil, and according to its leading executive ...
Study says WAFMAX ships will drive growth A recent study undertaken by Copenhagen Economics in collaboration with Maersk Line shows that the latter's WAFMAX-class ships that have been introduced to its ...
APM T's Puerto Limon concession in the clear APM Terminals' near USD1 billion project to build and operate new container-handling facilities in Costa Rica's largest port, Puerto Limon, is back on track with ...
Q2 'breakeven' for NOL Without one-off restructuring charges, Singapore's NOL Group would have been just shy of a net breakeven performance in the second three months of the year as lower ...
Long Beach port's clean air slashes pollution for fifth year running Port of Long Beach clean air programmes slashed air pollution from port-related sources for the fifth year in a row - including a 75% reduction in airborne diesel ...
Nigeria's Lekki FTZ on the boil Nigeria's Lekki Free Trade Zone (LFTZ) , which is being developed 65km east of the country's largest commercial city Lagos, and will eventually also feature ...
SeaCube's earnings stay strong New York-listed SeaCube Container Leasing has posted a good set of results for its interim 2012 fiscal year which ended June 30, 2012. In doing so the specialist ...
Hornbeck sheds Spartan Hornbeck Offshore Services of the US has offloaded one of its oldest ocean-going tugs, according to Marcon International.
Uncertainty haunts CMA Investors and bond traders are growing increasingly concerned about the status of CMA CGM's financial restructuring.
Chemoil selects CFO Chemoil Energy has found a new chief financial officer to replace Mats Berglund in a move backed by bunker specialist's biggest investor.
TDW up on sales Global offshore titan Tidewater has posted another improved quarter as revenue improved across the board.
NAT stirs divi debate Two of Wall Street's leading shipping analysts are divided on whether Nordic American Tankers can sustain its present dividend payout in a loss-making market.
TransAtlantic stays red Rederi AB TransAtlantic's second quarter was blighted by one-off costs related to its financial restructuring and the bankruptcy of a client.
NOL remains red in Q2 Neptune Orient Lines has seen its second quarter red ink more than double as its losing run continued.
DESSC ponders spot exit John Fredriksen's Deep Sea Supply is evaluating its presence in the North Sea spot market which it described as "disappointing" in the second quarter.
Barclays flags SGX switch Barclays Capital has thrown its weight behind Sembcorp Marine after a huge contract award from Pertobras.
DVB ahead at half-time DVB Bank says it remains on track to match last year's profit after an improved first half showing.
Dry growth at 'record' low Dry-cargo fleet growth slipped to a three-year low in July, DNB Markets says.
WW wows again Wilh Wilhelmsen ASA has racked up another impressive quarterly performance with its figures again flying past analysts' estimates.
Yangzijiang trims six Yangzijiang Shipbuilding says it has cancelled six kamsarmax newbuilding contracts with an unnamed Chinese shipowner.
Profits down at YZJ Yangzijiang Shipbuilding has seen second quarter profits slide 9% on higher costs and fewer one-off gains.
Rig deals boost Ezion Ezion Holdings has secured one firm contract and a letter of intent for work in the North Sea potentially worth almost $170m.
Ezion Q2 profits double Ezion Holdings has reported a bumper second quarter with net profits jumping 130% on a year ago to $28.1m.
NAT's answer to 'eco' Nordic American Tankers appears to have accelerated the pace of a programme designed to combat rising fuel costs.
Silver lining in the flames A massive fire that prompted a partial shutdown California's third largest oil refinery Monday evening could become a positive catalyst for the product tanker market, according to Michael Webber of Wells Fargo Securities.
SeaIntel: Corruption leads to hidden container tax Maritime analyst SeaIntel uses container delivery metrics from partner INTTRA and analysis from Transparency International to correlate on-time shipment delivery patterns with corruption levels
Global container fleet grows 8.5% in 2011
Catapult inks Ecu-Line deal
Panama Canal will increase tolls October 1 After postponing new canal transit fee announcement, Panama authority sets new toll structures for next two years to provide pricing stability, while also setting up different rate levels for 10 categories of ships
Baltimore sets tonnage record in first half
Accellos updates its warehouse management system
APL turns 2Q profit, but 1H loss widens
Landmark Global expands international parcel
Grand and New World slow Asia-Med EUM
CDC Software and Consona join under Aptean umbrella
Wind turbine to put electricity into Walmart DC Retailer to build 20-story turbine to provide 15 to 20 percent of electricity needed at Northern California distribution center, another move by the company to meet its 100 percent renewable energy goal
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