News
Hellenic Register certification to expire in February
Certificates for ships trading domestic and international routes will be hit, Brussels confirms
- Hellenic Register left in limbo
- Hellenic Register upbeat as Brussels decision looms
- IACS antitrust probe to wrap up this week
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Maersk relocates inland terminals business
Container Inland Services to be amalgamated into APM Terminals
Maersk says slow steaming is a ‘win-win-win... -
CSICL profits up 16% in first half
But delivery delays and falloff of new orders could hit second half results
Container sector faces crippling box shortage -
West African distillate demand props up transatlantic MR rates
Despite weak US demand and surplus tonnage in Europe, owners resist charterers’...
Markets guarded after recent European turmoil
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Indian ore export ban prompts ships to ballast to the Atlantic
Lack of cargoes out of Karnataka state puts pressure on Pacific time charter rates and turns market sentiment sour
Surging paper market propels dry bulk rates -
US summer driving season fails to absorb large stocks of gasoline
Increased consumption has not been able to absorb high stockpiles of the petroleum product
Baltic Dry Index could fall to historic low in 2011
Newbuildings and weaker Chinese demand will hit charter rates
Chemical trades face bleak prospects
Charter rates continue to soften as a glut of vessels flood the market
Zim’s new faces focus hard on the bottom line
Strategic shift from growing market share to profitability key to recovery
Market Data
2835 (94) Baltic Dry Index
Clean 675 (-2) Dirty 705 (-3) Baltic Tanker Indices
Containers
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CMA CGM first half liftings rebound
Line handles more cargo in first half of 2010 than in corresponding 2008 period
- 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%
- Derivative losses keep Danaos in the red
Dry Cargo
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Angelicoussis moves chartering desk to Athens
Transfers dry cargo chartering operation from London to Athens
- Grand China secures $1.2bn loan
- Dry bulk carrier contracting levels unsustainable
- Baltic Exchange to report dry bulk indices during Asian hours
- Chinese port group orders six bulkers
- Chang Jiang expands cabotage services
Tankers
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Navios Acquisition wraps up warrant scheme
Company raises $78m to help fund VLCC fleet acquisition
- Global Energy saves $250m on tanker orders
- VLCC Middle East to Asia rates dip
- Teekay Corp offers to sell FPSO to Teekay Offshore
- Fredriksen downbeat on tanker outlook
- Dearth of LNG carriers to keep spot rates high in 2010
Ports & Logistics
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Liverpool box port plans hits possible snag
Liverpool Bay declared protected area for bird life
- 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
- China Merchants in $450m Colombo venture
Navy sniffs out drug traffickers
Colombia is fighting back against makeshift submersibles used in the drugs trade
North America
Blast on Mariner Energy oil platform
Explosion onboard platform in US Gulf of Mexico throws 13 offshore workers into sea
Asia
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Indonesian waters hit by spate of pirate attacks
IMB records eight incidents of ship attacks in Indonesia’s Mangkai island in past two weeks
Middle East
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Cash is crucial
Building up cash reserves is crucial in keeping box lines afloat in the event of another downturn
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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CSAV continues bold charter course
Chilean container line has increased slot capacity by 61% since January
Maersk on top after wilderness years
Internal efficiency drive puts Maersk in line for near-record full-year profits
Finance
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Dr Peters reaches deal with Pacific Star
New agreement reached over outstanding accounts with charterer
- Ahrenkiel steps in to fund feeder newbuildings
- Renewed appetite for newbuildings a concern
- K-Sea secures $100m funding
- Yangzijiang shipbuilding to list in Taiwan
- Green Reefers could become takeover target
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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Blast on Mariner Energy oil platform
Explosion onboard platform in US Gulf of Mexico throws 13 offshore workers into...
- Indonesian waters hit by spate of pirate attacks
- Kleven wins $125m support vessels contract
- Hellenic Register left in limbo
- Revenue surge fails to lift Louis out of the red
- Latest timber loss incident set to reignite lashing debate
Regulation
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Spain appeals latest Prestige decision
Spain files a notice of appeal in the US Court of Appeals
- Brussels approves ThyssenKrupp assets sale
- Ukrainian officers jailed for smuggling drugs
- UN debates pirate trial options
- Greek vote sweeps away cabotage barrier
- Acquitted chief engineer files $23m suit against Styga
