News
Capesize newbuilding prices still too high
Shipowner Chih-Chien Hsu calls on yards to cut current prices by almost a third
- Power shift to hit capesize owners hardest
- Bulker sales fail as price surge continues
- Capesize resale prices fall as expanding fleet kicks in
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SeaFrance aims to return to profit in 2012
Ferry operator to present restructuring plan to Paris commercial court on September...
SeaFrance tribunal receives just one bid -
Floating storage at lowest in 18 months as traders offload cargoes
Impact on tanker rates ‘not good’, according to Gibson analyst
Tanker rates sinking near desperation levels -
Capesizes propped up by improving China market sentiment
But confidence is wavering that fourth quarter demand for iron ore shipments will...
Gloomy sentiment as orderbook crushes rates
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West African suezmax market is a ‘disaster zone’
Owners unable to cover daily operating costs as oversupply pushes returns further towards the zero mark
LNG spot market rates linger at rock-bottom -
Athenian orders VLCCs at Hyundai Heavy
Brokers say tankers will reportedly cost close to $108m each
Backbone of German shipping community faces uncertain future
Pressure for consolidation increasing
Wanted: Machiavellian diplomat with iron fists
Race on to find new IMO secretary-general, but who fits the bill?
Zim’s new faces focus hard on the bottom line
Strategic shift from growing market share to profitability key to recovery
Market Data
2876 (41) Baltic Dry Index
Clean 671 (-4) Dirty 702 (-3) Baltic Tanker Indices
Containers
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Maersk relocates inland terminals business
Container Inland Services to be amalgamated into APM Terminals
- CMA CGM first half liftings rebound
- CSAV continues bold charter course
- Maersk says slow steaming is a ‘win-win-win situation’
- Idan Ofer defends Zim’s boxship order spree
- CMA CGM first half revenues up 41%
Dry Cargo
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Shorter term ore pricing could increase dry bulk volatility
Move to even shorter term pricing will boost iron ore derivatives market but...
- Indian ore export ban prompts ships to ballast to the Atlantic
- August sees 22% drop in time charter fixtures for supramaxes
- Panamax bulk carrier purchase rumour
- Bluelight charters VLCC for three years
- Angelicoussis moves chartering desk to Athens
Tankers
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Sumatec second quarter profits crash
Group takes hit from loss in its engineering, procurement, and construction...
- Crude Carriers inks more charters with Shell
- West African distillate demand props up transatlantic MR rates
- US summer driving season fails to absorb large stocks of gasoline
- Navios Acquisition wraps up warrant scheme
- Global Energy saves $250m on tanker orders
Ports & Logistics
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Port Botany box volumes continue to surge
Growing exports and demand for imported goods drive up July traffic
- Liverpool box port plans hits possible snag
- Vale to invite bids for Malaysia distribution hub
- Venezuela’s main port in line for $600m makeover
- Second Dutch LNG terminal project axed
- Piraeus first half profits rise
A switch from tankers is in the pipeline
The Deepwater Horizon spill has fuelled concerns over the congested Turkish straits
Asia
Sumatec second quarter profits crash
Group takes hit from loss in its engineering, procurement, and construction divisions
North America
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US probes Gulf of Mexico platform blaze
Government looks into fire on Mariner Energy operated Vermillion block 380 platform fire
Middle East
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A switch from tankers is in the pipeline
The Deepwater Horizon spill has fuelled concerns over the congested Turkish straits
Africa
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Strikes take shine off South Africa’s economic growth
Second quarter growth below expectations but box trades increase and new deals with China promise further economic benefits
Central & South America
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Navy sniffs out drug traffickers
Colombia is fighting back against makeshift submersibles used in the drugs trade
Daily Poll
Are container freight trades heading for a fourth quarter fall?
/ll/images/pollbar.pngWhat next for boxes?
Poll Archive
Market Watch
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Baltic Dry Index could fall to historic low in 2011
Newbuildings and weaker Chinese demand will hit charter rates
Navy sniffs out drug traffickers
Colombia is fighting back against makeshift submersibles used in the drugs trade
Finance
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Yangzijiang cuts offer price for PPL
Consortium led by shipbuilder reduces offer price to buy PPL from $166m to $115m...
- Dr Peters reaches deal with Pacific Star
- Ahrenkiel steps in to fund feeder newbuildings
- Renewed appetite for newbuildings a concern
- K-Sea secures $100m funding
- Yangzijiang shipbuilding to list in Taiwan
Insurance
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Brussels probes International Group
Insurers say antitrust probe standard practice review but EU officials raise...
- Lost documents unlikely to affect MSC Chitra claims
- Shippers warn of cargo claims chaos
- Uncertain times in the marine market
- Large claims hit London P&I club results
- Solvency II set to send shockwaves through shipping
Ship Operations
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US probes Gulf of Mexico platform blaze
Government looks into fire on Mariner Energy operated Vermillion block 380...
- Tanker grounding sparks Arctic pollution alert
- CSICL profits up 16% in first half
- Blast on Mariner Energy oil platform
- Indonesian waters hit by spate of pirate attacks
- Hellenic Register certification to expire in February
Regulation
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Turkey signs recycling convention
Signs IMO convention for the Safe and and Environmentally Sound Recycling of...
- Spain appeals latest Prestige decision
- Brussels approves ThyssenKrupp assets sale
- Ukrainian officers jailed for smuggling drugs
- UN debates pirate trial options
- Greek vote sweeps away cabotage barrier
