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MISC allocates US$500m capex for 2013

14/06/2013
MISC Bhd will allocate US$500 million for capital expenditure (capex) this year to expand its business, said

DNV gains US Coast Guard acceptance

14/06/2013
DNV has become the first class society to achieve the status of an Independent Laboratory (IL). This means

Houston retail-wholesale bunker spread inverts on competition

14/06/2013
Competition in the Houston bunker market and lower demand has caused the retail bunker price to drop

Malaysian shipowners ask for government help

14/06/2013
The Malaysian Shipowners' Association (MASA) is asking for financial assistance from the government as

Seaspan Accepts Delivery of 4600 TEU Containership

14/06/2013
Seaspan Corporation announced that it accepted delivery of a 4600 TEU containership, the MOL Excellence.

HK Shipowner OOCL Gains DNV Environmental Accreditation

14/06/2013
Hong Kong headquartered Orient Overseas Container Line (OOCL) attains certification on the accuracy and

Maersk Tankers' pilot project shows promise

14/06/2013
"We probably won't close the gap completely with a newbuilding, but we'll get pretty close," commented

The environment and “making a difference”

14/06/2013
A shipping industry under “environmental siege” might appear to some people to be something of an

MCI teams up with UN to combat global food waste

14/06/2013
Maersk Container Industry has joined the United Nations’ SAVE FOOD Initiative to help make international food

NYK Announces Introduction of Bengal Arabian Service (BAS)

14/06/2013
NYK is pleased to announce a new West Asia service, the Bengal Arabian Service (BAS), together with partners

Singapore May bunker fuel sales fall 3% on month, 11% on year to 3.5 mil mt

14/06/2013
Singapore bunker fuel sales in May totaled 3.529 million mt, down 3.3% from April and falling 11.4% year on year,

Lloyd’s Register announces significant board appointments to support continued growth in its Energy business

14/06/2013
Lloyd’s Register yesterday announced the appointment of Chris Finlayson, Chief Executive of BG Group plc,

Crude oil tankers in the mixed zone, whereas product tankers are feeling the first rays of sun between the clouds

14/06/2013
Oil demand growth is driven almost exclusively by the Asia/Pacific region, which is set to consume another 500,000 barrels a day on top of the 1 million barrels per day increase in 2012. Changing tanker trading patterns are constantly happening due to the above, as well as changes in the US oil market. In our last report, we noted that the US had become a net exporter of

Moody's: Sustained oversupply keeps outlook for global shipping industry negative

14/06/2013
The outlook for the global shipping industry will remain negative over the next 12-18 months, as the supply of vessels will likely continue to outstrip demand in most shipping services, says Moody's Investors Service in its latest Industry Outlook on the sector published yesterday. The global shipping industry's outlook has been negative since July 2011. The new report, entitled

Cross-Med, Black Sea freight rates hit 9-month low on thin demand: trade

14/06/2013
Clean freight rates for handy-size cargoes on a Cross-Mediterranean and Black Sea-Mediterranean

LNG Ship Rates Have First Gain Since January on African Cargoes

14/06/2013
Rates to ship liquefied natural gas rose for the first time in almost five months as African producers expanded exports, according to

New targeting lists Paris MoU on Port State Control

14/06/2013
At its 46th meeting last month, the Paris MoU Committee approved the 2012 inspection results and adopted new performance lists for flags

d’Amico and Coeclerici announce the establishing of a j/v to invest in the shipping sector

14/06/2013
d’Amico Società di Navigazione and Coeclerici have established dACC Maritime Limited, an

Cargill expands use of CargoDocs eB/Ls for agricultural cargoes from South America to Europe

14/06/2013
Cargill has expanded its operational use of CargoDocs, an electronic bill of lading solution (eB/Ls), to include

Korean Register signs MoU with Dongkuk Steel to implement strategic technology exchange

14/06/2013
This week (11 June 2013) in Seoul, the Korean Register – an IACS member class society - signed an MoU with global
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