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Will freight markets ever return pre-crisis levels?
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MOST READ TODAY
2,500 French and Lebanese kids aided by CMA CGM Foundation for Children- 284
OW Bunker chairman said killer line of credit was not authorised by board- 159
Hong Kong Mission to Seafarers names Univan shipmanager of the year- 147
BIMCO calls for 'robust' of low-sulphur fuel rule - let no one escape- 118
Eighty-three Chinese maritime university students receive NYK scholarships- 113
MSC puts back congestion surcharge despite shipper and regulator objections- 100
ILWU shuts Oakland for 'safety stand down', dock talks stop until December 2- 83
Zim narrows losses by one accounting standard but widens them by another- 83
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Focus TOP RATED MOST READ

Eighty-three Chinese maritime university students receive NYK scholarships JAPANESE shipping company NYK awarded a total of 83 scholarships to Chinese students attending the Shanghai Maritime University (SMU) and Dalian Maritime University (DMU) in November. 
Friday, 21.Nov.2014, 22:54
2,500 French and Lebanese kids aided by CMA CGM Foundation for Children FRENCH shipping giant CMA CGM's Corporate Foundation for Children has awarded eight French and Lebanese associations for projects aimed at improving the daily lives of 2,500 sick and disadvantaged children. 
Friday, 21.Nov.2014, 22:52
Hong Kong Mission to Seafarers names Univan shipmanager of the year THIRD party ship manager, Univan, has been honoured as the Ship Manager of the Year by the Hong Kong Mission to Seafarers. 
Friday, 21.Nov.2014, 22:50

BIMCO calls for 'robust' of low-sulphur fuel rule - let no one escape SHIPOWNERS' group BIMCO has called for "robust" enforcement of the low-sulphur edict so all shipping suffer equally from forced use of the costly fuel in the English Channel, the North an Baltic seas from January 1.
Friday, 21.Nov.2014, 22:47
Zim narrows losses by one accounting standard but widens them by another ISRAELI flag carrier Zim Integrated Shipping Services posted a narrowing third quarter net loss to US$20 million year on year, down from $76 million in 2013 and drawn on quarterly revenues of $854 million, down 2.5 per cent on a non-GAAP standard.
Friday, 21.Nov.2014, 22:46
OW Bunker chairman said killer line of credit was not authorised by board THE OW Bunker board was "amazed and surprised" and did not know of, or approve of a US$120 million-$130 million line credit that plunged world's biggest bunker fuel company into bankruptcy, Reuters reports.
Friday, 21.Nov.2014, 22:44

ILWU shuts Oakland for 'safety stand down', dock talks stop until December 2 OAKLAND and other Bay area ports were shut down by the International Longshore and Warehouse Union (ILWU) for a day-long "safety stand down" after death of docker, reported American Shipper.
Friday, 21.Nov.2014, 22:43
MSC puts back congestion surcharge despite shipper and regulator objections AFTER withdrawing its west coast congestion surcharge - as other shipping lines have done - the Mediterranean Shipping Co (MSC) now tells customers it will be collected from November 26 at US$800 per TEU, $1,000 per FEU and $1,125 per 40-foot high-cube.
Friday, 21.Nov.2014, 22:42
Maersk Line Seeks to Cut Unprofitable Contracts Maersk Line, the world’s biggest container-shipping company by capacity, plans to cut unprofitable long-term contracts and raise its shipping rate again as weak demand and persistent overcapacity are likely to continue for at least two more years, a senior official at the company said.
Thursday, 20.Nov.2014, 21:54

Rose George joins judging panel for WISTA – UK’s “Came by Ship” writing competition As WISTA - UK’s writing competition “CAME BY SHIP” continues to capture the creative imagination of many young people across the UK, the organisers are delighted to announce that renowned British journalist and author, Rose George, has agreed to join the judging panel for the competition.
Thursday, 20.Nov.2014, 21:48
Irish Continental pre-tax profit up 6.7pc in Q3 to US$29.8 million IRISH Continental Group (ICG), operating between Ireland, the UK and the continent, has posted a 6.7 per cent third quarter operating profit increase to EUR23.8 million (US$29.8 million), drawn on revenues of EUR93.4 million, up 10.3 per cent.
Thursday, 20.Nov.2014, 21:46
SITC starts weekly East Malaysia, Philippines, Vietnam service SITC has commenced a new weekly container shipping service that for the first time connects East Malaysian ports of Kota Kinabalu and Bintulu to Vietnam via the Philippines.
Thursday, 20.Nov.2014, 21:42

South Carolina Ports Authority October container volume up 17pc THE South Carolina Ports Authority (SCPA) has posted a 17 per cent year-on-year container volume increase to 164,672 TEU in October, representing a 14 per cent rise fiscal year to date.
Thursday, 20.Nov.2014, 21:40
Cosco, CSCL mull quitting Hamburg, check out Wilhelmshaven COSCO and China Shipping are considering switching to JadeWeserPort near Wilhelmshaven from Hamburg because of capacity constraints, according to Lower Saxony Premier Stephan Weil.
Thursday, 20.Nov.2014, 21:38
Maersk's Asia-Europe 2 service to receive first 18,340-TEU ship MAERSK's 13th 18,340-TEU Triple E-class containership built in Korea at the Daewoo shipyard (DSME) is to join the Danish shipping line's Asia-Europe AE-2 service, replacing the 13,092-TEU Maersk Edmonton, which is to be shifted to the AE-1 loop.
Thursday, 20.Nov.2014, 21:36

INTERVIEW
"Maritime Pilots are modern traditionalists..."
Monday, 25.Aug.2014, 21:31
Capt. Cahit Istikbal has been IMPA Vice President for 3 terms , 12 years in total. Captain Istikbal was nominated for IMPA President for elections at General Assembly which will be held in Panama early this April. We interviewed with Capt. İstikbal on almost everything..
Juan Wong: “Panama Canal Expansion Program will double the capacity”
ARTHUR DE Graauw: "Pilots feel the simulator is not real"
Frank Horch: “Hamburg wants close relationships with İstanbul”
Turkish Shipping Minister Mr. Elvan addressed the sector through SeaNews Magazine
"Dry bulk market is bound for a recovery"
   
TURKISH STRAITS
Guided missile destroyer USS Ross passed through Bosphorus
Tuesday, 04.Nov.2014, 14:18
The Arleigh Burke-class guided-missile destroyer USS Ross (DDG 71) forward deployed to Rota, Spain, passed through the Strait of Istanbul and  entered to  Black Sea today, on Nov. 4 to promote peace and stability in the region. 
SAIPEM 7000 passing through Strait of Istanbul (Bosporus)
USS Mount Whitney passed through the Strait of Istanbul
Turkey's Asyaport welcomes first vessel: MSC London
M/V MAGNUM had engine breakdown in Istanbul Strait
MSC Stella passed "empty" through Turkish Straits
   
COLUMNISTS
New Panama Canal, New Problem
Thursday, 07.Aug.2014, 21:54
To the relief of much of the world’s trading nations, the Panama Canal expansion looks to be on track for a finish in 2015.  The Panama Canal Authority webpage states the following “The Panama Canal Expansion is the largest project at the Canal since its original construction. T
Denmark Going It Alone?
THE DANISH DEBATE; SHIPS AND PILOTS
A Threat To Maritime Security: Piracy Attacks
What caused Sewol sinking?
The Montreux Convention and the Crimean Crisis
WORLD SHIPPING
White House: West coast dock rift like last year's on east coast
Thursday, 20.Nov.2014, 21:03
THE Obama White House reacted to pleas to intervene in the worsening labour climate on the west coast with an air of cheerful indifference in a statement at a press briefing.
Carriers suspend US$1,000/FEU congestion surcharges in face of feedback
Kiel-Gothenburg ferry to become first methanol fuelled ferry in the world
CSCL back in black, saved by asset sales that spared it delisting
UK shipping minister to seek subsidies to ease low-sulphur fuel cost
Free Ebola training video for seafarers as preventative measure
   
SHIPPING NEWS
124 New Oil Tankers EntersMarket in 2014
Wednesday, 29.Oct.2014, 23:12
Some 124 vessels are expected to enter the oil tanker trading fleet in 2014, while 60 tankers were forecast to be sold for demolition or conversion, according to the latest report by McQuilling Partners. 
Al Qaeda targets oil tankers in Gibraltar
Newport Shipping introduces a new revenue sharing concept to the Handysize sector
China iron ore imports have Baltic Exchange bulker rates soaring 38pc
US claims of surpassing Saudi oil production will prove hollow: expert
TEN Positive About Tanker Market Conditions TEN Positive About Tanker Market Conditions
   
SHIPBUILDING
World's largest Containership named
Tuesday, 18.Nov.2014, 21:54
South Korean shipbuilding giant Hyundai Heavy Industries Co., Ltd. (HHI) announced today that it held a naming ceremony for the world’s largest containership, the first of five 19,000 TEU containerships ordered from China Shipping Container Lines (CSCL) in May 2013.
Maersk to order ten 3,400-TEU low-sulphur, ice-strengthened feeder ships
Scrabster Harbour takes delivery of Damen Stan Tug 1606
Damen Shipyards Group wins ‘Ship of the Year Award’ for revolutionary SAR boat
Daewoo Shipbuilding receives orders for three 18,000-19,000 TEU ships
China builds pirate-fighting Nigerian Navy warship to patrol Gulf of Guinea
ACCIDENTS
MOL lost little from Comfort sinking, but can make money from lawsuit
Tuesday, 18.Nov.2014, 21:23
JAPANESE shipping giant MOL has suffered little financial loss from the sinking of its 8,110-TEU MOL Comfort in July 2013, one of the largest ships ever lost at sea, reports Lloyd's List.
Cargo ship "Nossan" in danger of sinking after running aground in Göta Alv
Chinese sand carrier sinks after colliding with German boxship "Hansa Siegburg" off Xiamen
Sewol trial: Ferry captain sentenced to 36 years in jail
Plane crashes into ship yard crane in Bahamas killing nine
Indian Navy ship TRVA-72 sinks off east coast, one killed, four missing
   
MARKETS
Maersk group quarterly profit up 25pc, box earnings rise 23pc
Tuesday, 11.Nov.2014, 22:47
AP MOLLER-MAERSK Group, the world biggest shipping company, posted a 25 per cent year-on-year third quarter underlying profit increase to US$1.3 billion, drawn on revenues of $12.1 billion, up .07 per cent.
Baltic Dry Index slips 1.3pc after rates achieve yearly high point
Seaspan quarterly profit up 7.4pc to US$77.7 million as revenue rises 7.8pc
Asia-north Europe container freight rates fall 1.1pc to US$697/TEU
Platts: Atlantic Supramax Market Plagued by Overcapacity
Platts: Atlantic Supramax Market Plagued by Overcapacity
   
INSIGHT/OPINION
Drewry fears mega ship slot cost cuts will bring about rate plunge
Wednesday, 19.Nov.2014, 23:25
THE delivery of 54 ships of at least 10,000 TEU for the Asia-North Europe by December 2015, will have a "huge" impact on the industry, says Drewry Maritime Research. 
Oil prices must fall far before ships will abandon slow steaming: Clarksons
Evergreen: Falling oil prices risk higher ship speeds and more oversupply
With oversupply, Cosco chief sees no hope of shipping recovery in two years
Alphaliner: Alliances may be as durable as 1980s' consortia - that is, not very
Slow Movements Still Key To Containership Relief
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Model Alexandra Fotopoulou holding the 9th issue of seanews magazine at the Posidonia Shipping Fair


 
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