News
Peak season surcharges delayed
Lines operating in Asia-Europe trade fail to implement surcharges as capacity returns
- Evergreen eyes profit in second half of 2010
- European shippers face chronic box shortages
- Forward bookings point to sustained box recovery
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Probe launched into M.Star explosion
MOL accepts offer by the UK Maritime Trade Operations and the US Navy to investigate...
Grenade may have caused MOL tanker explosion -
UK delays ban on ship-to-ship oil transfers
Regulation put on hold for six months and set to come into force in April 2011
UK to go ahead with ban on ship-to-ship oil... -
Rates tumble as medium range tanker market stays over-tonnaged
Vessels stack up off northwest Europe after closure of arbitrage trading window
LR1 spot rates face fall in gasoil cargoes to...
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Ethylene carrier orders up as TPC inks eight-ship deal
Singapore investment group in $300m order for 12,000 cu m vessels with Korean shipyard
Ciner spends $74m on panamax bulker pair -
K Line returns to profit
Japanese shipping giant bounces back with $178m result
Shipping remains a key to Greek salvation
But do official figures manage to snare shipowners’ true contribution?
Chinese panamaxes exit spot market
Vessels temporarily laid up as owners hold out for a more significant revival in daily rates
Box line angels follow the fools’ order rush
NOL and Evergreen may yet fall foul of the imbalance in major box trades
Market Data
1,291.34 (1.26) Top 50 Shipping Companies Index
Clean 821 (-5) Dirty 823 (-21) Baltic Tanker Indices
Containers
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CSAV aims to raise $400m
Company renews plans to raise funds for its newbuilding program and boost...
- Japan’s big three boosts earnings forecasts
- Japan lines see car transportation gloom lifting
- NYK bullish on box sector as it posts $260m profit
- NYK to take over TSK’s intra-Asia liner operations
- MOL forecasts dry bulk recovery
Dry Cargo
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D’Amico unveils $5m net loss in second quarter
Exchange rate losses on the yen and higher income tax rates contribute to result...
- Hudong-Zhonghua wins Iolcos Hellenic order
- NewLead seals five-ship expansion for $147m
- DryShips upbeat on drillship future despite profits dip
- NYK takes delivery of new bulk carrier
- Safe Bulkers profits slide
Tankers
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Hornbeck downbeat on US Gulf drilling restart
Company does not expect drilling activities to resume until legal issues...
- Great Eastern net profit up 10%
- Genmar’s losses widen
- Brightoil to pay $220m for petrochemical producer
- Chinese yard puts Capital ships up for resale
- Grenade may have caused MOL tanker explosion
Ports & Logistics
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Finnlines second quarter revenues rise 23%
Ro-ro operator buoyed by recovery in transport volumes
- Atlanta court asked to dismiss Agility charge
- CMA CGM takes stake in new Le Havre terminal
- China Merchants and Chu Kong ink strategic tie-up
- Ineos plans Belgium deep sea terminal
- Philadelphia unveils shortlist for new box terminal
"A worrying incident " Lloyd’s List Reporter
Tribunals should have power to slim down proceedings
London maritime arbitration would benefit from consolidation
"Freight rates puzzle" Lloyd’s List Reporter
Central & South America
CSAV aims to raise $400m
Company renews plans to raise funds for its newbuilding program and boost finances
Middle East
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A worrying incident
The MOL tanker attack revives an old question: is the threat and use of force a viable deterrent for shipowners?
Africa
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Somali pirates free Turkish bulker
Frigia released after almost four months in capitivity
Asia
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Japan’s big three boosts earnings forecasts
K Line, MOL and NYK bullish as they post strong results
North America
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Hornbeck downbeat on US Gulf drilling restart
Company does not expect drilling activities to resume until legal issues surrounding moratorium are resolved
Market Watch
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- Most Read
Capesizes scrapped as rates fall
Large bulk carriers to hit Indian beaches and Chinese yards as demolition rates rise
Maritime Americas 2010
Click to view Lloyd's List Americas special report
Finance
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UK initiates double taxation passport scheme
New scheme should make it easier for UK company to know when to start paying tax...
- Oltmann sees hope for bargain funds
- Yangzijiang gets nod for Taiwan listing
- Kreuz’s IPO oversubscribed
- Exim Bank set to boost Thailand marine financing
- Elbe Emissionshaus fund files for insolvency
Insurance
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Uncertain times in the marine market
Good for shipping coomunity but less so for offshore energy firms
- Large claims hit London P&I club results
- Solvency II set to send shockwaves through shipping
- Raising pollution liability cap could cripple US maritime trade
- Gard to pay back members $40m
- US hurricane alerts put underwriters on defensive
Ship Operations
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Somali pirates free Turkish bulker
Frigia released after almost four months in capitivity
- UK signals possible review of pilotage qualifications
- SHI second quarter earnings jump 43%
- IRISL’s UK office ceased operations in 2008
- Pirate ship seizures set to fall in 2010
- DSME secures $261m Cotunav deal
Regulation
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Obama signs cruiseship security law
President Barack Obama has signed into law the Cruise Vessel Security and Safety...
- Shipping awaits vote on US oil spill bill
- Brussels issues boil-off guidance for LNG ships
- Shipping industry efforts on liability make progress
- Court fines Trafigura €1m
- Amnesty calls for ships to be brought under arms trade controls
