Wartsila targets offshore and LNG as orders for other segments slide Owners are increasingly focusing on greener vessels, driven by legislation, says chief executive
Second explosion hits MSC Flaminia Rescue operations hindered, with no obvious cause found for initial blast
Shipping security firms return fire as UN experts criticise regulation gap Private security body rejects damning report arguing regulation will not work without international support
Dynacom lands $25,000 per day deal as VLCC spot market collapses Brokers forecast rise in period deals which offer owners better returns
Capital ratio concern for shipowners Loans under threat as European Banking Authority considers making 9% coverage permanent for larger banks
India to encourage refinancing of rupee loans in dollars Shipping companies among those likely to take advantage
Why shipping executives need a return to reality Recent statements by some of the top bosses bear little resemblance to what is actually happening in the market
Half-baked Alaska The state's challenge to the North American ECA won't pass the durability test
APT and Blackstone accuse Obama administration of bias against private equity UPDATED: APT chief Rob Kurz tells Lloyd's List why he thinks the hold-up in a $340m Title XI application is politically motivated
German approves draft law for onboard guards Rules governing PMSCs unlikely to be implemented before July 2013
Iranian sanctions leave chemical tankers unemployed Asian owners charging 'whatever they want' to pick up pariah cargoes
CSS unit issues profit warning Shanghai-listed machinery maker says first-half profit down 80% on year
Maersk Line signs mega-deal for seven post-panamaxes Charters arranged with Greek owners Technomar and Embiricos for vessels being built at Hyundai's Samho yard
Rising output from Australian miners fails to lift capesize rates BHP Billiton defies analysts' expectations in second quarter of 2012
Somalia's president shielded top pirate from arrest, says UN report Monitoring group slams 'climate of impunity'enjoyed by pirate leaders
Do box lines have the backbone to make rates stick? Analysts divided over lines' resolve as load factors slip
Scrapping is only answer for tankers As newbuildings continue to enter service, tanker sector has no option but to remove existing vessels
China Shipping Development issues profit warning Chinese major unable to escape from overcapacity and expensive bunkers may have to resort to bond issue
Going down in history Fateful voyage of the Albion revealed in priceless manuscript of captain's letter sent to Lloyd's underwriters in 1810
EU and US seaborne trade still below pre-crisis levels Figures from the International Transport Forum show the overall picture is 'stagnant'
New EU mission will complement Atalanta in fight against piracy EUCAP Nestor will focus on maritime capacities of countries in Horn of Africa and training of Somali coast guard
Asciano plans $358m Port Botany upgrade Introduction of box-handling automation will 'decimate' workforce, says Maritime Union of Australia
HHI eyes $1.1bn offshore deals South Korean shipbuilding giant in final steps to win two platform orders
Titan Petrochemicals reveals buyout offer from Chinese oil trader Deal with Guangdong Zhenrong Energy would include provision to buy 11% stake from Warburg Pincus
STX OSV secures PSV contract from Troms Vessel to be delivered in 2014 to charter by Statoil
Rongsheng seeks to extend deadline for Quanchai deal China's top private yard reluctant to finalise buyout deal amid weak market conditions
IACS chairman sets out priorities THE new chairman of IACS, Tom Boardley, has set a top priority for the organisation that it focuses on developing harmonised common structural rules during his year in office
APT cries foul over loan lag BLACKSTONE-owned APT has filed suit against the US government, alleging that bias against private equity has stalled its loan guarantee application
Somalia reportedly shielded pirate boss A PIRATE kingpin was given a diplomatic protection by Somalia's president, a Reuters report alleged today
Ferry sinks off Zanzibar A FERRY carrying at least 250 people in Tanzania reportedly sank today near Zanzibar
Nigeria mulls $5Bn fine in tanker-tied spill NIGERIA might impose a $5Bn fine against Royal Dutch Shell in connection with a 2011 offshore oil spill, IHS World Markets Energy reported today.509773.timg
Helvetia swallows maritime portfolio GROUPAMA, one of France's largest marine insurers, said it is selling its maritime underwriting unit to Swiss insurer Helvetia Assurance
Euronav runs up $20M in fresh losses ANTWERP'S tanker operator Euronav said today it ran up another $20.2M in net losses in the first half of the year
Chinese ship to join Russian Arctic flotilla A CHINESE icebreaker will for the first time be joining a convoy of 10 Russian cargo ships in transiting westward through the northern Chukchi and Laptev seas
Class NK also cuts out Iran JAPANESE classification society Class NK confirmed to Fairplay today it will close its Tehran office
Vehicle carrier order rise seen by bank DNB NOR has told Fairplay that the bank expects more orders for vehicle carrier newbuildings as the supply-demand balance improves
NCSP iron ore exports drop 49% in H1 IRON ORE exports fell 49% in this year's first half year on year for Novorossiysk Commercial Seaport Co.
Crude palm oil prices seen ready for rally CRUDE palm oil prices are headed for another rally as the El Nino effect and lower soybean production in the US exerts upward pressure on demand
Panamaxes lose momentum BROKERS cautioned today that rates for Panamax bulkers might be losing momentum
NY-NJ Port Expedites Bayonne Bridge Project The Bayonne Bridge will have enough clearance by the fall of 2015 to handle larger post-Panamax ships that will start...
Maersk to Hike US-Oceania Rates in August Maersk Line will boost rates on its services from the U.S. to all ports in Australia, New Zealand and the...
Housing Starts Rise, But Permits Fall U.S. housing starts in June rose at the fastest rate in almost four years, but permits for construction of new...
Trans-Pacific Spot Rate Falls for Third Week Average spot rates in the eastbound trans-Pacific trade lane fell 2.6 percent this week, down for the third week in...
Maersk Renews Seattle Calls The Port of Seattle got good news for a change on Tuesday when Maersk Line renewed its agreement to call...
China-Africa Trade Booms Sino-African trade is booming even as China's overall trade growth rates continue to slow because of weak domestic demand and...
UASC Sets Asia-Europe Peak-Season Surcharge United Arab Shipping Company has joined other major ocean carriers in announcing a peak-season surcharge on westbound cargo from Asia...
Lidinsky Praises Container Availability Report Federal Maritime Commission Chairman Richard A. Lidinsky Jr. praised ocean carriers and the Department of Agriculture for a new weekly...
Confusion reigns in the liner industry To an outsider business analyst looking in, the container liner industry must paint a very confused picture: even to an insider the view is distinctly murky. For ...
Different fortunes for LB and LA ports in H1 The first half liftings of the US west Coast ports of Long Beach and Los Angeles vary widely - while the latter has seen increases in both inbound and outbound ...
Dammam congestion free but slower
Mombasa mobilised again Action taken by the Kenya Ports Authority (KPA) this year has resulted in a major improvement in cargo-handling activity at the country's leading port Mombasa. ...
Irish exports driving recovery Exports from the Republic of Ireland increased by 7% in May, compared to the same month of 2011, to EUR7.52 (USD9.17) billion, with 58% going to EU counties [36% ...
MSC Flaminia: superstructure and engine room 'unaffected'
Chinese ports on the up for H1 Despite the downturn in the traditional markets of Europe and the US, China's ports are continuing to grow their liftings according to volume statistics for the ...
Lome CT gears up Terminal Investment Ltd (TIL), which is a company with close links to Geneva-based container shipping company MSC, has placed an order with Finland-based Konecranes ...
Schedule reliability and container on-time delivery getting better More containers were delivered on time in June compared to May despite schedule reliability remaining constant, according to INTTRA's and SeaIntel's first joint ...
MSC Flaminia develops list The firefighting tug Fairmount Expedition is fighting the blaze on the abandoned containership MSC Flaminia as well as undertaking boundary cooling to try to prevent the fire spreading.
African ferry sinks A Tanzanian ferry has sunk with 250 people on board near the island of Zanzibar.
Nakilat cruising Qatar Gas Transport Co (Nakilat) continues to report steady earnings during the year so far.
Save the whales! Ships are to be re-routed in San Francisco Bay to help cut down on whale fatalities.
Livestock lag An order for 10 livestock carriers at Sungdong in Korea has been delayed due to lack of a refund guarantee.
Titan's White Knight Titan Petrochamical looks to have been thrown a lifeline in its battle for survival after a major investor agreed to a cash injection.
CSDC heads for loss China Shipping Development Co (CSDC) has warned investors it is heading for a loss in the first six months of 2012.
Supramaxes sold Interest in second-hand supramaxes remains strong as another two sales were reported.
Ultrabulk back for more Ultrabulk has returned to Japan for more eco-friendly bulk carriers and has added additional vessels at Samjin Shipbuilding, its first at a Chinese shipyard.
Rex rises again French container line CMA CGM has resurrected its Asia to Red Sea loop without former partner APL.
Wartsila profit falls Finnish ship engine maker Wartsila has posted lower net earnings in the first half of 2012.
No word on Bahrain IM Skaugen is still none the wiser about its prospects of winning the tender for the Bahrain LNG import project.
KDM wants $36m Ukraine's KDM Shipping has said it wants to raise $36m for fleet expansion in its Polish IPO.
APT takes on US American Petroleum Tankers (APT) is suing the US government over alleged delays in a financing application.
ClassNK quits Iran Japan's ClassNK is the latest classification society to stop its Iranian dealings after US pressure.
Nordea earnings down Swedish bank Nordea's shipping profit has fallen in the second quarter as loan losses increased.
CSSC fears profit plunge Shipbuilder China CSSC Holdings has forecast a big drop in net earnings in the first half.
Troms confirms STX OSV order Singapore-listed shipbuilder STX OSV confirmed today that it has firmed up a newbuilding contract for a large platform supply vessel with Norway's Troms Offshore.
No merger of produce trade groups The Produce Marketing Association and United Fresh Produce Association ended merger discussions Tuesday, citing unresolved differences in combining both their memberships and support staffs.
CMA CGM redeploys in Asia-Red Sea trade
Commentary: Making due in the South Pacific Although Maersk has exited the Wallis and Futuna, and Vanuatu island trades, freight forwarders on the islands are confident that they will find ways through other carrier services to move containerized goods.
COSCO, MSC raising Asia-Latin America rates
Hong Kong air cargo shows 2Q lift
Gypsy moth eggs found at Port of Tacoma It's Asian gypsy moth season again and U.S. border officials are trying to prevent the pests from entering the United States, where they could pose significant danger to forests and crops.
Intermodal, autos boost CSX, KCS earnings
FMC reviews 14 OTI license applications
MSC drops Charleston, Port Everglades on East Coast feeder The service decreased its total roundtrip voyage time from 14 days to seven days, and removed one vessel. It now operates weekly with one 3,840-TEU ship in a rotation of Philadelphia, New York, Freeport (Bahamas) and Philadelphia.
Fujairah prices moving in different directions Overall price picture in the market remains uncertain.
Market lacks direction across Europe Congestion and limited enquiries add to sluggish market.
Dan-Bunkering beefs up Shanghai office Danish bunker company adds to its Shanghai operation.
Wartsila posts weaker first half profit Engine maker's results held back by depressed shipping markets.
New emulsion fuel has promising production start Ecomulsion Fuel Solutions says it hopes to reduce the processing cost of its alternative to conventional bunker fuel.
Asian bunker fuel oil prices mostly lower Price of 380 cSt in Singapore falls for the first time in over a week.
Iran offers cover to any ship Move to skirt round European ban on insuring vessels carrying Iranian oil.
Wartsila Hamworthy inks scrubber deal Set to provide four hybrid scrubber systems to two Royal Caribbean newbuild cruise vessels.
Shipping remains weak spot for ship financier Nordea making provision for more loan losses from shipping.
Norwegian shipbuilder wins contract for LNG-powered vessel Kleven Maritime chosen for its 'long experience and competence' in building LNG-powered vessels, says Remøy Shipping managing director.
South China sees marginal increase in fuel oil imports July imports relatively stable on tepid demand for bonded bunkers.
Belgian tanker firm widens H1 losses Challenge for tanker market 'still almost entirely' on the oversupply of available tonnage, it says.
Titan receives proposal for $213 million capital injection Proposed offer, however, subject to the adjournment and ultimate withdrawal of legal proceedings filed against it.
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