News
Somali piracy costs world economy $7bn
As much as 80% of the bill falls on shipping, researchers say
- Let western courts try suspected pirates
- International community must agree counter-piracy strategy
- Evolution of Somali piracy will be closely watched in 2012
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Asia-Europe rates hike unsustainable says Global Shippers Forum
Carriers try to talk up the market as canny customers fix long-term deals
Asia-Europe box rate hikes are unnaturally... -
US confirms extension to scanning requirement
Two-year waiver before implementation
Shipping singled out in call for boost to US... -
Panamax owners losing thousands of dollars on voyage charter deals
Brokers say time charter equivalent earnings are far lower for dollar per tonne...
Panamax owners subsidising bunkers on...
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Bad weather fails to spark aframax rates surge
Overtonnaged European markets absorb additional demand with ease
Aframax earnings on Caribbean-US Gulf route hit ten-month high -
LNG vessel demand could double by 2020
Pareto Securities forecasts that 352 additional ships could be needed if projects get approval
Exclusive new Lloydslist.com video documentary and online special report
Wärtsilä gears up to become largest maritime supplier
Hamworthy buy opens doors
Costa Concordia: Click here for exclusive new analysis and data from Lloyd's List
Market Data
660 (12) Baltic Dry Index
Clean 658 (-2) Dirty 782 (-3) Baltic Tanker Indices
Containers
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Unifeeder goes it alone with Mediterranean feeder launch
Feeder carrier seeks new niches as deepsea lines target the Baltic
- US imports up 3% in December
- ACL launches North America-Baltic service
- Asia-Europe box growth stalls
- HMM reports operating losses in 2011
- Hapag-Lloyd sale could be completed within weeks
Dry Cargo
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STX Pan Ocean in $220m domestic bond offering
Proceeds to be channelled into ‘general management and facility investment’
- Nisshin Shipping sells panamax bulkers for $31m en bloc
- Alireza named Noble Group chief executive
- Lower rates and higher expenses erode Precious 2011 profits
- TBS International files pre-packed Chapter 11 reorganisation plan
- Larger handysize sector faces tonnage glut
Tankers
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Sovcomflot sell-off may go ahead this spring
Plans to privatise the world’s third-largest tanker fleet operator stalled last...
- BLT defaults on First Ship Lease February payments
- High-value bookings boost DSME’s earnings outlook
- HMD’s net profits halve in 2011
- Chevron targets Almi Tankers’ fuel-efficient VLCCs
- Increasing Atlantic-Asia demand boosts VLGC tonne-miles
Ports & Logistics
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Dublin trade levels hold steady after 2010 surge
Ro-ro freight volumes show little change and exports continue to grow, but lo-lo...
- Asia-Europe box rate hikes are unnaturally high, say Dutch shippers
- Australia Shipping urges box rail upgrades for Sydney and Melbourne
- Valencia retains title of biggest Mediterranean box hub
- Shanghai reports January drop in box volumes due to Europe debt woes
- BHP Billiton and Japan corporations pledge $917m to Port Hedland
Liner industry must scrap older tonnage
LLI data shows sector to take delivery of 1.8m teu in 2012
"Opening coastal shipping to competition is the thin end of the wedge " Helen Delich Bentley
North America
In defence of the US Jones Act
Opening coastal shipping to competition is the thin end of the wedge
Asia
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New Indian reinsurance requirements create confusion
Regulator only informed local reinsurers of new obligations
Middle East
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Increasing Atlantic-Asia demand boosts VLGC tonne-miles
Record Saudi LPG prices drive Asian buyers to West Africa
Africa
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West Africa boom beckons shipowners
Iron-ore rush opens new opportunities for dry bulk shippers
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=EF7CF8FABD4F97CAD4EAB801B167C121Comment: Chinese regulation is just a dressed-up Vale ban
Poll Archive
Market Watch
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- Most Read
Wider financing crisis trumps spectre of Greek default
Nation’s owners have bigger problems to worry about
Maritime Centres: Hong Kong
Click here for a Lloyd's List exclusive report
Finance
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KG investments hit an all-time low
Shipping funds secured $668m of fresh capital in 2011
- 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
- Lazard and Evercore seek Torm private equity investor
- Seadrill wins jack-up rig contracts worth $311m
Insurance
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Armed guards’ insurance cover needs greater clarity
Shipowners could be liable for PMSCs that lack adequate or correct cover
- 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
- P&I brokers question value of S&P public information ratings
Ship Operations
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World Wide Supply adds two more PSVs to Damen orderbook
Six platform support vessels to be built at Romanian yard valued at $1.1bn
- Drillship owners could face ‘deluge of supply’ in 2013 as record orderbook delivers
- Demolition rates return to levels over $500 per ldt
- Swiber wins $216m offshore contract
- Sembcorp confirms Brazil drillship order
- ITF to launch Asia inspection blitz
Regulation
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UK shipping wins minister’s public pledge on tonnage tax
No changes to the regime, promises Mike Penning
- 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
- Private maritime security body launches self-regulation programme
