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Bergen Group lands $139m offshore order for Fosen Yard
Volstad Marine orders seventh high-end construction vessel
Bergen Group’s revenues rise on higher offshore activity -
Expect five to seven shipping bankruptcies, says investment bank chief
Freight environment not expected to improve for 12-18 months
Somali piracy costs world economy $7bn
As much as 80% of the bill falls on shipping, researchers say
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Market Data
660 (12) Baltic Dry Index
Clean 658 (-2) Dirty 782 (-3) Baltic Tanker Indices
Containers
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India’s shipping ministry to promote easing cabotage rule
Minister will recommend that restrictions on foreign-flagged vessels in coastal...
- Unifeeder goes it alone with Mediterranean feeder launch
- US imports up 3% in December
- ACL launches North America-Baltic service
- Asia-Europe box growth stalls
- HMM reports operating losses in 2011
Dry Cargo
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Rio Tinto to pump $1.2bn into Cape Lambert port expansion
Sum will be part of $3.4bn investment in expanding Western Australia iron ore...
- Paragon locks in Friendly Seas with Western Bulk
- Panamax owners losing thousands of dollars on voyage charter deals
- STX Pan Ocean in $220m domestic bond offering
- Nisshin Shipping sells panamax bulkers for $31m en bloc
- Alireza named Noble Group chief executive
Ports & Logistics
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Keppel issues $322m bonds to raise funds
Company forecasts a surge in orders for deepsea offshore equipment
- Cargotec reports 22% growth in sales
- Asia-Europe rates hike unsustainable says Global Shippers Forum
- HHLA volumes rise 21.3% in 2011
- Dublin trade levels hold steady after 2010 surge
- Asia-Europe box rate hikes are unnaturally high, say Dutch shippers
West Africa boom beckons shipowners
Iron-ore rush opens new opportunities for dry bulk shippers
Asia
How to read the BDI
Although the index has hit a 26-year low, there’s more to this than meets the eye
Africa
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A growing threat
Pirate attacks were up significantly last month, reminding us that the battle has just begun
North America
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In defence of the US Jones Act
Opening coastal shipping to competition is the thin end of the wedge
Middle East
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Increasing Atlantic-Asia demand boosts VLGC tonne-miles
Record Saudi LPG prices drive Asian buyers to West Africa
Central & South America
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Sembcorp confirms Brazil drillship order
Offshore builder to develop $792.5m drillship for Petrobras
Daily Poll
Is China's ban on giant bulk carriers just a dressed-up Vale ban?
/ll/images/pollbar.png;jsessionid=E220A7E58071EB2C0D4F953DE354128FComment: Chinese regulation is just a dressed-up Vale ban
Poll Archive
Market Watch
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- Most Read
Wärtsilä gears up to become largest maritime supplier
Hamworthy buy opens doors
Maritime Centres: Hong Kong
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Finance
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Odfjell fixes higher time charter rates
Norwegian chemical tanker group reports improved spot market
- Euro crisis could halve Chinese economic growth
- KG investments hit an all-time low
- China ship export values rise 8%
- Korea Eximbank looks to enlarge shipping bailout package
- Fitch sees ‘very few owners and operators unscathed’ in 2012 as cash flows tighten
Insurance
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Costa Concordia will halt H&M rate reductions
Shipowner cover has been underpriced for too long, says Beazley
- Armed guards’ insurance cover needs greater clarity
- British Marine defectors to pay over $1.2m in damages and court costs
- British Marine defectors ordered to pay $500,000 damages
- Insurance industry rejects suggestion it can ease Somalia’s woes
- Lawsuits to challenge Costa’s $14,460 compensation offer
Ship Operations
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MHI unveils stabilising technology for Nippon Shipping ro-ro order
New ship designed to reduce risk of capsize
- PB Towage and Crowley team up
- Russian cargoship sinks off Niigata after colliding with PIL boxship
- Piracy attacks soar in January
- Somali piracy costs world economy $7bn
- World Wide Supply adds two more PSVs to Damen orderbook
Regulation
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ICS opposes Bahamas carbon proposal
Calculating individual ships’ emissions counters drive for market-based measures...
- UK shipping wins minister’s public pledge on tonnage tax
- Chamber president hits out at ill-informed carbon gas debate
- French public prosecutor announces investigation
- Australia plans national maritime law
- US Senate committee approves tougher sanctions against Iran



