Knightsbridge announces Q1 results 2012-5-14Knightsbridge Tankers Limited (Knightsbridge) reports net income of $7.1 million and earnings per share of $0.29 for the first quarter compared to net income of $7.8 million and earnings per share of $0.34 for the fourth quarter of 2011.
Katharina Stanzel steps up as INTERTANKO's Managing Director 2012-5-14INTERTANKO's Council unanimously confirmed the appointment of its current Deputy Managing Director, Katharina Stanzel, as Managing Director of INTERTANKO effective 1st July 2012.
Tank operator Avin became a containership owner 2012-5-14Tank operator Avin International SA is for the first time becoming a containership owner, after finalising an agreement to order up to four 1,700-TEU ships to be built by the Zhejiang Ouhua Shipyard, with two firm orders and options to purchase two more containerships.
BTL appoints Samsara Shipping as agent in North-West India 2012-5-14Bengal Tiger Line (BTL) has appointed Samsara Shipping Pvt. Ltd as its agent in Nhava Sheva, Mundra, Pi-pavav and Kandla effective May 15, 2012, according to Exim News Service.
New Asian to US East Coast Freight Route from Major Container Shipping Groups 2012-5-14Two of the world's largest container shipping groups are to introduce to transport cargo from major Asian ports to key destinations on the U.S. East coast, via the Suez Canal.
Evergreen Line to launch new Asia-USEC service with MOL 2012-5-11Evergreen Line together with MOL will launch a new all-water service linking major Asian ports to key destinations on the U.S. East Coast via the Suez Canal.
Ship repair yards challenged to keep ship owners' investment costs low 2012-5-11International environmental regulations for the shipping industry are being tightened and demand a reduction of the emissions of sulphur and nitrous oxides.
Danaos adds another 13,100-TEU box ship to its fleet 2012-5-11US-listed containerships charter owner, Danaos Corporation, recently took delivery of one more newly built containership, the 13,100-TEU Hyundai Smart, expanding its operational fleet to a total of 62 containerships with a total capacity of 336,849 TEU.
STX Pan Ocean offers Far East-Middle East service 2012-5-11STX Pan Ocean, a South Korean shipping line, has started offering a Far East-Middle East service by purchasing container slots on the joint service operated by CMA CGM, CSCL and UASC, respectively branded as AMA/CIMEX/AGX 1.
Hapag-Lloyd increases revenue and transport volume in Q1 2012 2012-5-11Despite the persistently challenging environment in the industry, Hapag-Lloyd further increased its transport volume and revenue in the first quarter of 2012.
WTSA Lines recommend seasonal rate actions on proteins, hides 2012-5-10Container lines operating in the U.S.-Asia have proposed a set of non-binding guideline increases for freight rates covering frozen and chilled beef, pork and poultry, as well as animal hides, to coincide with upcoming contract renewals for those cargoes.
Bremen Fire-brigade and Police take delivery of Damen Fire Fighting Vessel 2012-5-10Damen Shipyards has recently delivered the 'Bremen 1' to the City of Bremen (Germany) to replace its 1975-built predecessor.
NYK, RCL to launch Thailand-Vietnam-Canton service 2012-5-10Nippon Yusen Kaisha (NYK) and Regional Container Lines (RCL) have announced the launch of a new joint service, the Thailand-Vietnam-Canton (TVC) service, from the middle of this month.
GE Shipping contracts to sell MR product carrier 2012-5-10The Great Eastern Shipping Co. Ltd (GE Shipping) has signed a contract to sell Jag Pradip, a Medium Range (MR) product carrier.
Fuel And Freight Rates Must Rise Says Sixth Largest Container Shipping Group 2012-5-10It is rare for us to see a financial statement which not only shows a parlous situation but indicates that, unless there is a major change in fuel prices and freight rates improve substantially the outlook remains poor.
INCOIS to release new service for ship routes 2012-5-9A new service called the forecasting along the ship routes, which will benefit navigation users will launched by the Indian National Centre for Ocean Information Services (INCOIS) here.
Dockers at Tilbury on strike 2012-5-9Dockers at the UK port of Tilbury are today staging their first strike since 1989, protesting at the arbitrary introduction of new contracts.
GAC forms new partnerships to counter piracy 2012-5-9GAC Protective Solutions, Powered by AKE, has entered into two new strategic partnerships with the innovators of anti-piracy technologies to help protect vessels, cargoes and seafarers: Unifire's SEASERPENT Anti-Pirate Water Cannon System and Intelligent Engineering's (IE) SPS Citadel Access Protection.
ICS Supports Ruling Of IMO On Increased Limits Of Liability 2012-5-9The International Chamber of Shipping (ICS), which represents over 80% of the global shipping industry has expressed strong support for the agreement reached by International Maritime Organization to increase the limits of liability under the Limitation of Liability for Maritime Claims Convention 1996 (LLMC), by 51%.
Stranded Tanker Sees Welcome Relief Thanks To Unions 2012-5-9Last week saw the resolution, hopefully a permanent one, to a problem that seems to become more widespread as difficult economic conditions prevail.
