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Wednesday, 19.Jun.2013, 20:58 (GMT+3)

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LLOYD'S LIST

INSIGHT/OPINION

SHIPBROKER REPORTS

Poll

What you expect from freight market in 2013?

	Better than 2012.
	Worse than 2012.
	Continue recovering.
	Steady up.
	Rapid rise.
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Focus

TOP RATED

MOST READ

Why and how did the MOL Comfort break in half?
Why and how did the MOL Comfort break in half? The obvious answer is that no one knows, yet. We will learn more following an investigation, which is many months in the future.

MOL COMFORT Accident: Patrol boat sent to floating ship parts
The two parts, fore and aft, of the "MOL Comfort" lawere drifting at about 2 knots near 12'57"N 61'10"E (the aft) in an east-northeast direction on June 19.

Fire on board MOL Comfort after ship broke in two
According to the U.S. Navy's Maritime Liaison Office MARLO in Bahrain, the "MOL Comfort" was on fire on June 17.

Carriers to levy rate hikes with only slight capacity cuts: Alphaliner
IN an attempt to exact a general rate increase from July 1, ocean liners plying Far East-Europe trades have responded with only a limited reduction in capacity.

MRCC MUMBAI: Sections of MOL COMFORT still afloat
UPDATE: The MRCC in Mumbai has just tweeted saying that the sections of MOL COMFORT are still afloat and are being monitored.

Why and how did the MOL Comfort break in half? Why and how did the MOL Comfort break in half? The obvious answer is that no one knows, yet. We will learn more following an investigation, which is many months in the future.
Wednesday, 19.Jun.2013, 16:57

MOL COMFORT Accident: Patrol boat sent to floating ship parts The two parts, fore and aft, of the "MOL Comfort" lawere drifting at about 2 knots near 12'57"N 61'10"E (the aft) in an east-northeast direction on June 19.
Wednesday, 19.Jun.2013, 11:05

Fire on board MOL Comfort after ship broke in two According to the U.S. Navy's Maritime Liaison Office MARLO in Bahrain, the "MOL Comfort" was on fire on June 17.
Wednesday, 19.Jun.2013, 04:39

Shipping magnate Paul Soros, brother of George, dies in New York at 87 SHIPPING titan and philanthropist Paul Soros - the older brother of billionaire financier George Soros - has died in New York City on 15 June after a long illness.
Wednesday, 19.Jun.2013, 00:55

Carriers to levy rate hikes with only slight capacity cuts: Alphaliner IN an attempt to exact a general rate increase from July 1, ocean liners plying Far East-Europe trades have responded with only a limited reduction in capacity.
Wednesday, 19.Jun.2013, 00:51

Global GDP expected to expand by 2.2pc this year: World Bank report THE World Bank in its newly-released Global Economic Prospects (GEP) report says risks from advanced economies have eased and growth is firming
Wednesday, 19.Jun.2013, 00:45

Costamare orders five 9,000-TEU ships from Hanjin Subic Bay shipyard THE Hanjin Philippines Shipyard of Subic Bay has received a letter of intent to order five 9,000-TEU ships with an option to purchase five more of the same size
Wednesday, 19.Jun.2013, 00:42

Long Beach port volume increases 17.2 per cent to 583,588 TEU in May THE US west coast port of Long Beach has announced that container throughput in May increased 17.2 per cent to 583,588 TEU
Wednesday, 19.Jun.2013, 00:39

Port of Los Angeles throughput declines 12.9pc in May to 636,851 TEU OVERALL cargo volumes at the Port of Los Angeles fell 12.9 per cent in May compared to the same month last year mainly because of vessels shifting elsewhere.
Wednesday, 19.Jun.2013, 00:37

HK port falls 10.5pc in May to 1.8 million TEU, Singapore up 1.4pc FIGURES from the Hong Kong Marine Department show the port handled 1.8 million TEU in May,
Wednesday, 19.Jun.2013, 00:34

Hapag-Lloyd's Asia-Australia rates to increase US$100/TEU July 1 GERMANY's Hapag-Lloyd will increase rates for all cargo and container types from northeast Asia to Australia starting July 1.
Wednesday, 19.Jun.2013, 00:32

Evergreen ups Asia-Europe rate US$975/TEU and $1,950/FEU July 1 TAIWAN's Evergreen Line will increase rates from the Far East, including Japan, and the Indian subcontinent to Europe from July 1.
Wednesday, 19.Jun.2013, 00:29

Maersk, MSC and CMA CGM plan east-west operational alliance for 2014 MAERSK Line, MSC and CMA CGM have agreed to establish a long-term operational alliance on east-west trades within a year.
Wednesday, 19.Jun.2013, 00:25

MRCC MUMBAI: Sections of MOL COMFORT still afloat UPDATE: The MRCC in Mumbai has just tweeted saying that the sections of MOL COMFORT are still afloat and are being monitored.
Tuesday, 18.Jun.2013, 13:20

BIMCO Discuss Ballast Water and Greenhouse Gases issues The Board of Directors (BoD) met on Monday 27 May following the preceding day’s brief Executive Committee (EC) Meeting.
Tuesday, 18.Jun.2013, 00:31

COLUMNISTS

Coscon makes vow to consumers in 5 specific service improvement areas
Thursday, 06.Jun.2013, 23:34

The carrier also plans to apply similar service standards to America, Europe, the Asia Pacific and other regions of the world in the future.

	If you can not be happy with me, You can be happy with no one else...
	Climate Change and Shipping
	“No” management of safety on Australia’s Great Barrier Reef
	Safety of Navigation in Narrow Straits
	Safe Pilotage in the future
	Soon at SeaNews Turkey

WORLD SHIPPING

Spain and Portugal trade box stats indicate upturn, says Goldman Sachs
Monday, 17.Jun.2013, 23:56

INTERNATIONAL BANK Goldman Sachs says signs renewed shipping activity in Spain and Portugal in the first quarter indicate an economic upturn, reports London's Load Star.

	International Chamber of Shipping welcomes IMO reprieve on ballast water
	Suez Canal May revenues increase 1pc on 33pc more boxes and fee hike
	Yang Ming sees stormy weather for shippers
	Moore Stephens: "Shipping Confidence Reaches Highest Level"
	China's May growth rises 1pc, but June shows signs of slowing down
	Shenzhen launches carbon trading taxation pilot scheme this week
	China takes steps to slow imports of recyclables, now called 'trash'
	Monsoon rains bring high water and more cargo to Hunan's Xiangjiang River
	Baltic Exchange sells choral music disc to raise funds for seafarers

SHIPPING NEWS

Oil-Tanker Rates Fall Amid Speculation Ship Demand Is Slowing
Tuesday, 18.Jun.2013, 00:28

Charter costs for the biggest tankers hauling Middle East oil to Asia fell amid speculation demand to hire ships slowed. Booking rates for very large crude carriers

	Dry Bulk Ship Rates Pass Running Costs for First Time in Months on Demand
	Oil Tankers Climb for Second Day Amid Cargo-Supply Speculation
	Oil-Tanker Rates Plunge Most Since January on Lack of Cargoes
	Iron Ore Ships Gain Most in Month as Fleet Seen Absorbing Demand
	Dry-Bulk Shipping Rates Decline as Panamax Fleet Seen Swelling
	USA: Orion Tankers Renews Comercial Agreement with ExxonMobil
	Drewry: Coal trade saves the Dry Bulk market
	Brazilian iron ore exports down by 14pct in April
	Rise in global tanker rates fails to boost Indian shipping industry

SHIPBUILDING

Norway: Gunvor Ulstein Receives Tekna’s Gold Medal
Tuesday, 18.Jun.2013, 00:18

Gunvor Ulstein, CEO of Ulstein Group, was awarded Tekna’s Gold Medal on 15 June.

	UK: Final Section of Giant Aircraft Carrier Sets Sail
	VIDEO: Christening Ceremony of the World’s Largest Ship
	Hyundai Heavy Industries eyes US$2 billion UASC 11 mega-vessel deal
	Golden Ocean Concludes Newbuilding Contracts
	First Triple-E Vessel Christened (South Korea)
	STX Pan Ocean faces mounting liquidity crisis, files for receivership
	Maersk's first 18,270-TEUer in sea trials, starts on AE10 loop July 14
	TOTE’s LNG-Powered Containerships Receives Prestigious Nor-Shipping Award
	CMA CGM's 16,000-TEU Alexander von Humboldt named in Hamburg

ACCIDENTS

MOL Comfort Suffers Broken Back, Sinks Off Yemen
Monday, 17.Jun.2013, 23:59

Mitsui O.S.K. Lines, Ltd. informed that the MOL-operated containership MOL Comfort suffered a crack amidships and ingressed water in the hold

	Five injured in ship fire, passengers evacuated
	Captain and officer charged with manslaughter
	Fire Aboard USS Nimitz
	Jascon 4 Capsizing Accident: Ten Bodies Recovered, One Missing and One Survivor
	Imperial Spirit in collision with Turkish tanker Profit off Galveston
	50 knots winds damaged Norwegian Breakaway
	Coast Guard responds to fire onboard cruise ship Grandeur of the Seas
	Australia: Final Report on MV Tycoon Grounding
	The Jolly Nero accident could be due to a valve

MARKETS

While shipping managers are optimistic, downside remains short-term
Tuesday, 18.Jun.2013, 00:24

Ship orders reflect managers’ assessments of the industry’s future demand and supply balance.

	Shanghai launches forward freight derivatives market to manage risk
	Maersk, Hyundai, Hapag Lloyd To Up Rates
	China's Logistics Prosperity Index slips 1.6 to 53.2 points in May
	MLC 2006 Helps Secure Seafarers Same Rights in Working and Living Conditions
	OOCL ups rate US$650/TEU from Far East to Med, Black Sea on July 1
	Global manufacturing experiences moderate growth in PMI: JP Morgan
	Panamax coal freight rates end week lower as fixture activity sags
	UASC to increase rates on Asia-North Europe cargo US$910/TEU July 1
	MOL raises rates on intra-Asia routes to Indonesia, Myanmar

TURKISH PRESS REVIEW

Container Handling Technology Turkey
Wednesday, 24.Oct.2012, 11:50

Port Finance International is pleased to present the inaugural Container Handling Technology (CHT) Turkey showcase exhibition and conference.

	Press Roundup
	Belated justice andlower courts of appeal
	Democraticautonomy: Is this it?
	Nostradamus did notexaggerate this much
	How will 2011 be?
	Press Roundup
	A man of conscience
	Being treated as human
	2011, the yearof elections

INSIGHT/OPINION

Moody's report holds negative outlook for shipping over next 18 months
Monday, 17.Jun.2013, 23:19

THE oversupply of vessels will likely continue to outstrip demand in most shipping services and the outlook for the global shipping industry will remain negative over the next 12-18 months

	Drewry expects deliberate carrier cutback on service to force up rates
	Container Ship Demand to Grow in Line With GDP, Maersk Line Says
	Tankers: Overcapacity still plagues the market
	Drewry: Ocean rate war could come at a price to shippers
	Drewry: Top Three Muscle Out Others
	Rate war will result in more slow steaming to consume capacity afloat
	Urgent action still required between Asia and North Europe: Drewry
	Moody's: Global shipping sector faces risks
	New investors needed to help finance ships below 3,000 TEU: Drewry

SHIPBROKER REPORTS

Lion Shipbrokers market Report 07 June 2013
Friday, 07.Jun.2013, 22:45

Summer has started with a quiet week, possibly indicating a turn of the recent positive psychology (to negative?) with the BDI hovering just above 800 points.

	Lion Wekly Market report: 31 May 2013
	LION SHIPBROKERS MARKET REPORT 17 May 2013
	LION SHIPBROKERS MARKET REPORT 28 April 2013
	Container rate slumps 21pc in 2012, falls again after February peak
	LION SHIPBROKERS MARKET REPORT 29 MARCH 2013
	LION SHIPBROKERS MARKET REPORT 11-18 MARCH 2013
	Drewry warns of more cancellations, space shortages and volatile rates
	Greeks active in newbuilding market
	LION SHIPBROKERS MARKET REPORT 08 MARCH 2013

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Events

June 2013

COLUMNISTS

NILUFER ORAL

Climate Change and Shipping

STEVE PELECANOS

"No" management of safety on GBR

CAHIT ISTIKBAL

Safety of Navigation in Narrow Straits

News in Pictures

The 366 metres long container giant MSC BEATRICE passing through the Strait of Çanakkale (Dardanelles). Photo by Ahmet Güven.