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Thursday, January 3, 2013
hanjin dampier capesize bulk carrier
News

Japanese Firms May be Prohibited from Shipping South Korea-Bound Coal, Suspicion Runs Deep

South Korea’s government is moving to bar foreign shipping lines from contracts in the state-run energy sector as it supports domestic companies

January 3, 2013
Total Views: 72

mozah lng carrier samsung heavy industries
News

After Missing 2012 Targets, Korean Shipbuilders Forecast a Big Year Ahead

Hyundai Heavy Industries Co. and Samsung Heavy Industries Co., the world’s two biggest shipbuilders, forecast a jump in orders this year, helped by

January 3, 2013
Total Views: 48

Wednesday, January 2, 2013
savoie vlcc euronav
News

Earnings for Supertankers Fall as Holiday Season Curbs Vessel Demand

Returns for the biggest oil tankers hauling Middle East crude to Asia, the industry’s benchmark route, fell for a fourth session as the year-end holiday

January 2, 2013
Total Views: 28

kulluk overflight video
Incidents

Damage Assessment Begins on the Stranded Kulluk [UPDATE]

Link: Previous Kulluk Update The U.S. Coast Guard and Royal Dutch Shell Plc were fighting 70 mile-per-hour winds and 40-foot swells as they tried to assess

January 2, 2013
Total Views: 88

zombie shutterstock
News

2013 May Spawn a New Breed of “Zombie” Shipping Companies

Earnings for ships that haul liquefied gases, cars and oil products are most likely to recover this year amid a continued glut of merchant vessels that may

January 2, 2013
Total Views: 37

maersk
Uncategorized

Investors Optimistic on Rising Freight Rates, Maersk Shares Rally

A.P. Moeller-Maersk A/S, owner of the world’s largest container line, rose the most in six weeks in Copenhagen trading on bets a deal on the U.S. budget

January 2, 2013
Total Views: 45

Tuesday, January 1, 2013
Record Bunker Costs Expected in 2013
News

Record Bunker Costs Expected in 2013

By Isaac Arnsdorf Accelerating world trade means the merchant fleet will burn the most fuel oil ever in 2013, driving ship owners’ biggest cost to a

January 1, 2013
Total Views: 33

Friday, December 28, 2012
Port Strike on HOLD: Dockworkers and Employers Agree to 30-day Extension
Ports

Port Strike on HOLD: Dockworkers and Employers Agree to 30-day Extension

By Brooke Sutherland Dockworkers and their employers reached a tentative agreement on royalty payments, averting a strike that would have shut down eastern

December 28, 2012
Total Views: 34

Thursday, December 27, 2012
Looming Port Strike Deadline Puts Pressure on Obama to Intervene
Ports

Looming Port Strike Deadline Puts Pressure on Obama to Intervene

By Brooke Sutherland President Barack Obama is facing pressure to intervene and prevent a strike that would gridlock eastern U.S. ports and risk damaging

December 27, 2012
Total Views: 17

bulk carrier iron ore shutterstock
News

Economists are Bullish on Iron Ore as Chinese Economic Growth Recovers

Iron ore is rallying the most in about two years as analysts predict that China, the biggest buyer, will import a record amount in 2013 as its accelerating

December 27, 2012
Total Views: 16

Wednesday, December 26, 2012
vitol
News

Escaping Singapore’s Congestion, Vitol to Sell Marine Bunkers in Malaysia

Vitol Group plans to start sales of marine fuel, or bunkers, to a port in southern Malaysia as it seeks to supply ship owners that moved from Singapore, the

December 26, 2012
Total Views: 87

Monday, December 24, 2012
rongsheng heavy industries
News

Rongsheng Heavy to Post First Loss in 4 Years

China Rongsheng Heavy Industries Group Holdings Ltd., the country’s largest shipbuilder outside state control, forecast its first annual loss in four

December 24, 2012
Total Views: 34

Friday, December 21, 2012
mariner platform statoil
News

Statoil Set to Make $7 Billion Investment in the UK North Sea

Statoil ASA, Norway’s biggest oil and gas producer, will invest more than $7 billion in its Mariner project, the largest offshore development in the U.K.

December 21, 2012
Total Views: 219

dry bulk carrier shutterstock
News

Hits Keep on Comin’ for the Dry Bulk Market, Chinese Coal Imports May Almost Disappear in 2013

Chinese demand growth for imported coal will almost halt next year before shipments contract in 2014 as the nation’s improving transport network allows

December 21, 2012
Total Views: 52

stx osv
Offshore

Fincantieri Drops $455 Million in “Desperately Needed” Cash for STX OSV

Fincantieri SpA agreed to buy a controlling stake in STX OSV Holdings Ltd., the world’s biggest maker of oil-rig support vessels, for 455 million euros

December 21, 2012
Total Views: 59

Thursday, December 20, 2012
capesize bulk carrier kanaris
News

Capesize Market Continues to Get Slaughtered as BDI Sinks Lower

The worst commodity shipping market in 26 years may persist next year as an oversupply of vessels continues to curb ship owners’ ability to boost charter

December 20, 2012
Total Views: 282

ore fabrica vale vloc brasil
News

Economy of Scale? Not So Much for Vale SA’s 400,000 DWT Super Ore Carrier

Vale SA, the world’s biggest iron-ore exporter, may have paid about $158 million more for shipping in the past 19 months by using the largest available

December 20, 2012
Total Views: 174

Wednesday, December 19, 2012
kaohsiung taiwan port
News

Chinese Port Operators Buy $135M Stake in Taiwanese Container Terminal

Chinese port operators agreed to buy a $135 million stake in a Taiwanese container terminal, the second-biggest mainland acquisition on the island, as closer

December 19, 2012
Total Views: 112

Tuesday, December 18, 2012
emma maersk

Less Profit in Sight as Maersk Overcapacity Hits Growth

By Scott Hamilton European container-shipping operators such as A.P. Moeller-Maersk A/S may benefit little from higher volumes next year as carrier lines

December 18, 2012
Total Views: 41

hapag-lloyd

Hapag-Lloyd Confirms Merger Talks with Hamburg Süd

Julie Cruz TUI AG rose in Frankfurt after its shipping unit Hapag-Lloyd said it is discussing a possible merger with Hamburg Sud. TUI shares advanced as much

December 18, 2012
Total Views: 27