After Portsmouth, UK defence contractor may still have tough decisions to take

Another tough year is on the horizon for tanker owners as the market continues to struggle under the pressure of overcapacity. Global oil consumption only managed a timid growth in the fourth quarter of 2012, with global crude oil loadings increasing by 0.6%. OECD consumption shrank by 1.0%, despite US Gulf Coast refiners increasing imports of heavy crude from the Middle East Gulf by 2%. This cont...

WHILE the global idle containership fleet is expected to grow in the next few weeks, it has not appeared to do so, according to Alphaliner.

THE US Federal Maritime Commission (FMC) has assured the industry that it sees no bankruptcies among ocean carriers because of weak rates or stringent clean fuel rules, reports New York's FreightWaves

European container-shipping operators such as A.P. Moeller-Maersk may benefit little from higher volumes next year